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☆ VW Workers in Tennessee Start Vote on U.A.W., Testing Union Ambitions
▼ + stars: | 2024-04-17 | by ( Neal E. Boudette | ) www.nytimes.com time to read: +1 min

Last fall the United Automobile Workers union won big pay increases from the Detroit automakers, and the impact rippled quickly through the nonunion auto plants scattered across the South. On production lines in Alabama, Tennessee, Kentucky and elsewhere, those pay increases have been referred to as the “U.A.W. bump.”Now 4,300 workers at Volkswagen’s plant in Chattanooga, Tenn., will test whether the union can achieve an even greater bump. On Wednesday, they begin voting on whether to join the U.A.W., and the prospects of a union victory appear high. About 70 percent of the workers pledged to vote yes before the union asked for a vote, according to the U.A.W.

Persons: Tesla, “, ”, Kelcey Smith Organizations: United Automobile Workers, Detroit automakers, Toyota, Honda, Volkswagen, Nissan, Hyundai, VW Locations: United States, Alabama , Tennessee , Kentucky, Chattanooga , Tenn

☆ A Quiet Sunday Night in Syracuse, and Then a Deadly Ambush
▼ + stars: | 2024-04-16 | by ( Michael Wilson | Chelsia Rose Marcius | ) www.nytimes.com time to read: +1 min

The deadliest day in Syracuse police history in over 30 years began when two officers attempted to pull over a gray Honda Civic on a quiet corner outside a church. The car peeled away, out of sight — but not before the police officers clocked its license plate. The officers soon tracked the Civic to Darien Drive in the town of Salina, a suburb about 15 minutes away. Another neighbor, Mousa Alzokari, 47, who works at a Syracuse newsstand, was home with his five children in their living room. And across the street, Daniel Kay, 73, was reading his Sunday newspaper at his front window.

Persons: ”, Duane Shenandoah, Mousa Alzokari, Daniel Kay Organizations: Honda Locations: Syracuse, Darien, Salina

☆ How car buyers thinking hybrid over EV should make the decision
▼ + stars: | 2024-04-07 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

And what would the upfront costs be to upgrade your system to allow for faster charging, if desired? Do the math on upfront cost, EV vs. hybridIf it's still a toss up between an EV and a hybrid, next consider upfront costs. By contrast, the average starting price for a hybrid car is $33,214, according to iSeeCars.com, a car search engine. Search for available auto rebates and incentivesIf you're leaning toward an EV, but still find the upfront cost daunting, look for possible rebates. He points to a study by Argonne National Lab that shows scheduled maintenance costs per mile are significantly lower for an EV versus a traditional hybrid or plug-in hybrid.

Persons: you've, Aston Martin, Sandeep Rao, there's, Rao, Steve Christensen, Maxwell Woody, Woody, Albert Gore, ZETA Organizations: Ford, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, Gallup, New York, EV, Chevrolet, Department of Energy, Battery Coalition, Progressive Casualty Insurance Company, of Michigan, University of Michigan, Argonne National Lab, Honda Locations: U.S, California, Florida, Texas

☆ UAW reaches milestone in filing for a union vote at second nonunion auto plant
▼ + stars: | 2024-04-05 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

But while that VW plant has had two votes before this, the Mercedes plant has never reached the threshold of union support that resulted in an election being held. An election at the Mercedes plant has yet to be confirmed by the National Labor Relations Board, which oversees such votes, let alone scheduled. While the UAW has filed for a vote at Mercedes’ Alabama plant, it has yet to file for a vote at its plant in Charleston, South Carolina. A high-profile union organizing vote at an Amazon warehouse in nearby Bessemer, Alabama was defeated in a close vote in 2021. And management of the non-union automakers is likely to fight union organizing efforts.

Persons: Mercedes, ” Organizations: New, New York CNN, United Auto Workers, UAW, Volkswagen, VW, National Labor Relations Board, Benz, International, General Motors, Ford, Mercedes, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, GM Locations: New York, Alabama, Chattanooga , Tennessee, VW Chattanooga, Vance , Alabama, Tuscaloosa, Mexico, Edmunds, Tennessee, Mercedes ’ Alabama, Charleston , South Carolina, Bessemer , Alabama

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy hybrid sales are surgingAs of early 2024, EV sales are leveling off and hybrids are making a comeback. Automakers such as Ford, BMW, Mercedes, Hyundai and General Motors are all pulling back on EV production or boosting hybrid manufacture, or both. Toyota and Honda are seeing sales jump. The vast majority of hybrids are standard - with an engine and backup battery. Automakers such as GM are reintroducing them to North America.

Organizations: Ford, BMW, Mercedes, Hyundai, General Motors, Toyota, Honda Locations: North America

☆ ‘It’s a dolphin!’: Researchers uncover unusual ancient fossil in the Amazon
▼ + stars: | 2024-03-30 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

The newly identified dolphin species lived in a freshwater lake in the Peruvian Amazon 16 million years ago. This composite image captures the phases of a total solar eclipse as they unfolded in El Molle, Chile, in July 2019. Stan HondaOn April 8, astrophotographer Stan Honda will be stationed in Fredericksburg, Texas, armed with four cameras to document the total solar eclipse. Mark your Apple iCal or Outlook, Google, or Office365 calendar with the date of the upcoming total solar eclipse, which CNN will be covering live. UnearthedThe remains of a decorative wall can be seen at the site of an ancient home renovation in Pompeii.

Persons: Dr, Austin Gallagher, Gallagher, Pebanista yacuruna, Jaime Bran, ”, Aldo Benites, Emperor Wu, couldn’t, Wu, Stan Honda, Honda, Apple, George Washington, Samuel, Washington, Francesca Giarelli, Everest, —, Ashley Strickland, Katie Hunt Organizations: CNN, University of Zurich, Honda, Google, Italy Ministry of Culture, Red River Archaeology, CNN Space, Science Locations: Bahamas, Peruvian, Peru’s Loreto, Switzerland, China, Mongolia, El Molle, Chile, Fredericksburg , Texas, Mount Vernon , Virginia, Samuel’s Harewood, Charles Town, West Virginia, Harewood, Red, English, Oxfordshire, Cairo

☆ Japan’s Indy 200: Remembering the first time IndyCars raced at Fuji Speedway
▼ + stars: | 2024-03-28 | by ( Emiko Jozuka For Cnn | ) edition.cnn.com time to read: +10 min

She is the daughter of the Japanese photographer Joe Honda. Joe Honda ArchiveCommercial opportunityIn the 1960s, Japan was emerging as an advanced and high-tech nation following its defeat in WWII. “The groundwork for the Indy 200 was already laid by then, and the Japanese were ready and willing to pay for racing,” he said. Rare intimacyFive months before the Indy 200, Clark had been invited to test-drive the Fuji road course. Joe Honda ArchiveCultural shiftsIn 1966, no Japanese drivers or cars participated in the exhibition Indy 200 race.

Persons: Joe Honda, Japan CNN —, Jim Clark, Honda, Jackie Stewart, Chris Amon, Akira Jin –, –, Shingo Shiozawa, Riki Ohkubo, ”, —, ” Jackie Stewart, Nissan Sunny, Jack K, Yamaguchi, Jin –, Japan –, Shiozawa, Jack Brabham, Clark, Graham Hill, Ohkubo, Honda’s, Colin Chapman, “, ‘, ’ ”, Donald Capps Organizations: CNN, Japan CNN, Jim Clark Motorsport Museum, Indianapolis, IndyCar, Fuji International, Honda, Boys, Indy, Fuji, Japan, Nissan, Prix, Suzuka, Formula, Fuji International Speedway, Bolshoi Ballet, Leningrad Philharmonic, United States Auto, Triple Crown, Motorsport, Monaco, Nippon Auto Club, Speedway, Automotive Society of Historians Locations: Tokyo, Japan, Fuji, Scotland, New Zealand, American, Asia, America, Mie, Indianapolis

☆ How to photograph a total solar eclipse, according to an expert
▼ + stars: | 2024-03-27 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

CNN —Getting to see even one total solar eclipse is a rare occurrence. Stan HondaFor the upcoming eclipse, Honda will be in Fredericksburg, Texas, taking pictures on behalf of international news agency Agence France-Presse. Here's an example from the total solar eclipse in 2017, as photographed from Madras, Oregon. How to practice eclipse photographyThe phases of a total solar eclipse as they unfolded in El Molle, Chile, in July 2019. Stan HondaOf all the stages of a total solar eclipse, the moment of totality is special and the one most photographers covet.

Persons: Stan Honda, ” Honda, astrophotographer, ”, that’s, “ You’ve, “, —, Honda, won’t, covet, “ That’s, what’s, I’ll Organizations: CNN, Honda, Agence France, Presse, NASA, American Astronomical Society Locations: Svalbard, Norwegian, United States, Mexico, Texas, Maine, Canada, Southern, Chile, Fredericksburg , Texas, “, Fredericksburg, Austin, Madras , Oregon, El Molle

Soon after leaving his job, Gallo took an acting class in New York City — which wasn't too far from his home in New Jersey — and fell in love with the craft. He decided he wanted to be an actor and moved to the Big Apple to chase his dreams. His car insurance is also fairly cheap because he's on his parents' plan and reimburses them for the cost. His only other insurance cost is renters insurance for his apartment, since he receives free health insurance through the state. "I am happier now than when I was working for the insurance company," he says.

Persons: Max Gallo, didn't, Gallo, Mickey Todiwala, he's, He's, it's, Sylvester Stallone, Stallone, —, hasn't, steadier Organizations: CNBC, New Jersey —, Apple, Screen, American Federation of Television, Radio Artists, SAG, BMW, Citi, Facebook, Netflix, LinkedIn, Spotify, Hulu, Adobe, Citi Bikes, Insurance, Honda, BMW Roadster, New York City Marathon Locations: New York, New Jersey, Brooklyn

☆ Why a small China-made EV has global auto execs and politicians on edge
▼ + stars: | 2024-03-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +12 min

The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will "demolish" global rivals without trade barriers. Caresoft, an engineering benchmarking and consulting firm, has already torn down one China-built BYD Seagull and is preparing to do another. Michael Wayland / CNBCThe consulting firm tore apart the BYD Seagull piece by piece to benchmark the small EV against vehicles from other startups and traditional automakers. Its initial study of the BYD Seagull found it to be efficiently and simplistically designed, engineered and executed, but with unexpected quality and anticipated reliability. Growing concernsBYD's rise comes at a precarious time for global auto industry dynamics.

Persons: It's, Terry Woychowski, Warren Buffett, —, BYD, Tesla, Elon Musk, Caresoft Bernstein, Nissan, Michael Wayland, Caresoft, simplistically, Woychowski, Mathew Vachaparampil, CNBC BYD, Stellantis —, Donald Trump, Zach Gibson, Jennifer Granholm, Republican Sen, Marco Rubio, Trump, –, GM Dong, Tang, Marin Gjaja, Gjaja, Ford, you've, Evelyn Cheng, Dylan Butts Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, U.S, General Motors, Caresoft, Alliance for American Manufacturing, Overseas, Chevrolet, Nissan Leaf, Bolt, Chicago Federal Reserve, BYD, CNBC, Cox Automotive, Seagull, Tesla, Toyota Motor, Nissan Motor, Honda Motor, Hyundai, Kia, — GM, Ford, Chrysler, U.S ., Washington , D.C, Bloomberg, Republican, North American Free Trade, Republicans, Buick, SAIC, GM, GM Dong Yue Motors Co, Detroit Locations: Shanghai, LIVONIA, Mich, –, China, Europe, Latin America, Detroit, Texas, Germany, Japan, U.S, Livonia , Michigan, America, XPENG, Mexico, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, ., Washington ,, United States, Marco Rubio of Florida, Yantai, Shandong Province

☆ Biden administration softens EV mileage rule in a win for automakers
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +6 min

The original Biden administration proposal would have lowered such "petroleum-equivalent fuel economy" ratings for EVs by 72% in 2027. The industry cheered the Energy Department announcement. Automakers, auto dealers and the UAW called the original EPA plan unrealistic. The National Resources Defense Council (NRDC) and Sierra Club had urged EV mileage rating reductions after the Energy Department left them unchanged for two decades. "The automakers' free ride is over," he said, adding that changes "will curtail automakers' use of phantom credits they used to keep selling gas-guzzlers."

Persons: Biden, Joe Biden's, Donald Trump, John Bozella, Tesla, Pete Huffman Organizations: Detroit, Biden, Department of Energy, Reuters, U.S, Republican, Energy Department, Ford, Alliance, Automotive, United Auto Workers, General Motors, Chrysler, Traffic, Environmental Protection Agency, EPA, Toyota, Honda, Hyundai, GM, Volkswagen, UAW, National Resources Defense Council, Sierra Club, Energy Locations: New York City, United States, Michigan, fleetwide, U.S, NRDC

☆ Safety regulators probe Ford driver assist features after fatal crash
▼ + stars: | 2024-03-19 | by ( ) edition.cnn.com time to read: +2 min

Washington DC CNN —The National Highway Traffic Safety Administration said on Monday it has opened an investigation into a recent Ford Mustang Mach-E fatal crash in San Antonio, Texas, where authorities suspect an advanced driver assistance system was in use. Driver assistance features are being hailed by automakers as a way to reduce accidents, but federal safety regulators are concerned that over-reliance on the features by drivers could be causing some accidents. While NHTSA has opened more than three dozen Tesla special crash investigations since 2016 where advanced driver assistance systems such as Autopilot were suspected of being used with 20 crash deaths reported, this is NHTSA’s first special crash probe involving a Ford advanced system. NHTSA typically opens more than 100 special crash investigations annually into emerging technologies and other potential auto safety issues. In addition to the NHTSA probe, on Friday, the National Transportation Safety Board opened a separate investigation into the Feb. 24 crash.

Persons: Jeffrey Allen Johnson, Austin, Ford, “, CNN’s Chris Isidore Organizations: Washington DC CNN, Traffic Safety Administration, Ford, NHTSA, National Transportation Safety, NTSB, San, Honda Locations: San Antonio , Texas, San Antonio

The union has come close to representing workers at the VW plant in two previous elections. Some prominent Tennessee Republican politicians had urged workers to vote against the union during both campaigns. The year after the 2014 vote failed, 160 Chattanooga maintenance workers won a vote to form a smaller union, but Volkswagen refused to bargain. In November, VW gave workers an 11% pay raise at the plant, but the union says VW's pay still lags behind Detroit automakers. Top assembly plant workers in Chattanooga make $32.40 per hour, VW said.

Persons: —, we'll, Yolanda Peoples Organizations: DETROIT, United Auto Workers, Workers, National Labor Relations Board, UAW, Detroit automakers, Tesla, Nissan, Mercedes, Benz, Hyundai, Kia, Toyota, Honda, VW, NLRB, Volkswagen, Tennessee Republican, General Motors, Ford, Detroit Locations: Chattanooga , Tennessee, Chattanooga, Tennessee, Mercedes, Vance , Alabama, Tuscaloosa, Alabama

☆ UAW files for union vote at Volkswagen’s Tennessee plant
▼ + stars: | 2024-03-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The United Auto Workers union is seeking a union representation vote among more than 4,000 hourly workers at the Volkswagen plant in Chattanooga, Tennessee. The union has announced a broad-based campaign to win representation at the American plants of 13 nonunion automakers. That is slightly more than the union’s representation at the three unionized automakers, which have about 145,000 UAW members between them. The VW Chattanooga plant is the only factory operated by VW that does not have union representation. Once the election process starts, management often holds mandatory meetings with staff to make the case against union representation, and that convinces some earlier supporters of the union to end their support.

Persons: –, ”, Victor Vaughn, ” Vaughn, “ Organizations: New, New York CNN, United Auto Workers, Volkswagen, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, – Tesla, –, Motors, Ford, Jeep, Dodge, Chrysler, VW, ” Locations: New York, Chattanooga , Tennessee, VW Chattanooga, Chattanooga

☆ Federal investigators look into crash of Mustang Mach-E equipped with driver assistance tech
▼ + stars: | 2024-03-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Investigators with the National Highway Traffic Safety Administration and National Transportation Safety Board are investigating a fatal crash involving a Ford Mustang Mach-E equipped with advanced driving assistance technology. Ford shows off the new model 2024 Ford Mustang Mach-E GT during the Chicago Auto Show at McCormick Place convention center in Chicago, Illinois on February 8, 2024. Federal investigators are looking at dozens of crashes involving so-called advanced driver assistance, or ADAS, systems. ADAS systems handle basic driving tasks such as keeping the vehicle in its lane while maintaining a safe distance behind vehicles ahead, usually in highway driving only. Fourteen of these systems, including two from Ford, were recently rated by the private Insurance Institute for Highway Safety.

Persons: Jacek Boczarski, Ford, IIHS, Jennifer Homendy Organizations: CNN, National, Traffic Safety Administration, National Transportation Safety, Ford, of Highway Safety, NTSB, Chicago Auto, McCormick, Getty, NHTSA, Wall Street, Federal, General Motors, Volvo, Insurance Institute for Highway Safety Locations: “, San Antonio, Chicago , Illinois, Anadolu, Ford, Texas

Germany’s DAX added 0.1% to 17,959.35 and the FTSE 100 in London edged 0.1% higher to 7,731.73. Markets are awaiting a decision by the Bank of Japan on Tuesday on whether to raise its benchmark interest rate for the first time in 17 years. The Hang Seng in Hong Kong edged 0.1% higher to 16,737.12, and the Shanghai Composite index gained 1% to 3,084.93. Elsewhere, Australia’s S&P/ASX 200 edged 0.1% higher to 7,675.80, and the Kospi in South Korea advanced 0.7%, to 2,685.84. A report on consumer prices last week showed inflation remains stubborn, ticking up to 3.2% in February from 3.1% in January.

Persons: Germany’s DAX, Australia’s Organizations: Japan’s, Federal Reserve, CAC, Dow Jones, Nikkei, Bank of Japan, Honda Motor, Dongfeng Motor, Nasdaq, Software, Adobe, Microsoft, Broadcom, Google, University of Michigan, Fed, Traders, CME Group, New York Mercantile Exchange, Brent, U.S Locations: HONG KONG, London, Paris, Tokyo, Hong Kong, Shanghai, China, South Korea, India, Bangkok, U.S

☆ UAW says VW workers at Tennessee plant file for union election
▼ + stars: | 2024-03-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – Volkswagen workers at a plant in Tennessee have filed a petition with the National Labor Relations Board for a vote to join the United Auto Workers, the union announced Monday. In 2019, VW workers at the Chattanooga, Tennessee, plant rejected union representation in an 833-776 vote. The Chattanooga plant is Volkswagen's only U.S. assembly plant and employs over 4,000 autoworkers who would be eligible to vote for union representation. "We will fully support an NLRB vote so every team member has a chance to vote in privacy in this important decision. By the end of the UAW contracts, top wages are expected to surpass $42 an hour for production workers.

Organizations: DETROIT, Volkswagen, National Labor Relations Board, United Auto Workers, U.S, UAW, Nissan, VW, NLRB, Detroit automakers, BMW, Honda, Hyundai, Mazda, Benz, Subaru, Toyota, Volvo Locations: Tennessee, U.S, Chattanooga , Tennessee, Chattanooga

☆ Andre Gordon: A Pennsylvania man is suspected of killing 3 people, including his teen sister, at 2 different homes
▼ + stars: | 2024-03-17 | by ( Dalia Faheid | ) edition.cnn.com time to read: +7 min

He carried out the attacks with an “AR-15 style assault rifle,” Falls Township Police Chief Nelson Whitney said. Around 11:38 a.m., the carjacked Honda CRV was found abandoned in Trenton, according to Falls Township Police. The pair of shootings were “domestic related,” Falls Township Chairman of Board of Supervisors Jeff Dence told CNN. Family members were present at both homes in Falls Township, according to Schorn. Gordon is also believed to have “family ties” to the Trenton house, she said in a news conference.

Persons: carjacking, Andre Gordon, Nelson Whitney, “ He’s, Steve Wilson, Gordon, Wilson, “, ” Wilson, Reed Gusciora, Gusciora, Karen Gordon, Kera Gordon, Jennifer Schorn, ” Schorn, Taylor Daniel, Schorn, Honda CRV, ” Gusciora, CNN’s Polo Sandoval, Matt Rourke, Jeff Dence, ”, Andre, Brian Fitzpatrick, carjacked, Josh Shapiro, we’re Organizations: CNN — Police, Police, Authorities, Honda, Falls Township Police, CNN, ”, Police Police, FBI, Pennsylvania State Police, Pennsylvania Locations: Pennsylvania, New Jersey, Falls Township, Falls, ” Trenton , New Jersey, Trenton , New Jersey, Trenton, Levittown , Pennsylvania, Bucks County, Edgewood Lane, Bristol Pike, Morrisville ., Philadelphia, ” Falls, Lower Bucks, selfishly

☆ Live updates: 3 killed in Pennsylvania shooting, suspect barricaded in New Jersey with hostages, officials say
▼ + stars: | 2024-03-16 | by ( Adrienne Vogt | Matt Meyer | ) edition.cnn.com time to read: +1 min

Authorities say Gordon, who was driving a stolen vehicle, fatally shot two people who lived at the residence. Following the shooting, Gordon then went to Edgewood Lane, where he fatally shot another individual, according to officials. Officials say Gordon knew all the shooting victims. Police say Gordon was last seen wearing a dark hooded sweatshirt. Police say Gordon is considered extremely dangerous, and anyone who sees him should be asked to contact the authorities.

Persons: JD Mullane, Andre Gordon, Gordon Organizations: USA, Network Pennsylvania, Police, Middletown Township Police Locations: Falls Township, Falls, Levittown, Edgewood Lane, Bristol Pike, Morrisville, Pennsylvania, Trenton , New Jersey, Middletown Township

DETROIT (AP) — The National Transportation Safety Board is investigating a fatal crash in San Antonio, Texas, involving a Ford electric vehicle that may have been using a partially automated driving system. In a statement, Ford said it is researching the crash and the facts are not yet clear. The company expressed sympathy to those involved and said it reported the crash to the National Highway Traffic Safety Administration. Both NHTSA and the NTSB have investigated multiple previous crashes involving partially automated driving systems, most involving Tesla's Autopilot. In past investigations, the NTSB has examined how the partially automated system functioned.

Persons: Ford Organizations: DETROIT, Transportation Safety, Ford, Highway, NTSB, Honda, U.S, National, Traffic Safety Administration, NHTSA Locations: San Antonio , Texas, Texas, U.S, Canada, San Antonio

TOKYO (AP) — Global shares are mixed Thursday in lackluster trading. U.S. shares were set to drift higher with Dow futures up nearly 0.3% at 39,632.00. Nissan Motor Co. stock jumped 2.2% after an unconfirmed Japanese media report that the automaker behind the Leaf electric car was about to enter an agreement on EVs with domestic rival Honda Motor Co. Honda shares rose 1.1%. Photos You Should See View All 60 ImagesThe Japanese central bank has set a target of 2% inflation. That higher inflation has in turn dashed Wall Street’s hopes that the Federal Reserve could start offering relief at its meeting next week by cutting interest rates.

Persons: Germany's DAX, Sydney's, Hang Seng, ”, Anderson Alves, Brent Organizations: TOKYO, —, CAC, Dow, Nikkei, Nissan Motor Co, Honda Motor Co, Honda, Nissan, Bank of Japan, Bank of, Federal Reserve, Fed, U.S Locations: Hong, Shanghai, ActivTrades, Bank of Japan

☆ Read the Class Action Complaint Against G.M. and LexisNexis Risk Solutions
▼ + stars: | 2024-03-14 | by ( ) www.nytimes.com time to read: +2 min

On March 11, 2024, the New York Times reported an investigative piece about this exact issue.² The article highlights individuals who have had their insurance rates increase due to Lexis publishing, among others, General Motors car drivers' data. For one consumer "[i]t felt like a betrayal" because GM took "information that [he] didn't realize was going to be shared[.]" In recent years, automakers, including G.M., Honda, Kia and Hyundaí, have started offering optional features in their connected-car apps that rate people's driving. Some drivers may not realize that, if they turn on these features, the car companies then give information about how they drive to data brokers like LexisNexis... Especially troubling is that some drivers with vehicles made by G.M.

Persons: G.M, Last Organizations: New York Times, Lexis, General Motors, Honda, Kia, LexisNexis, Chevrolet, Smart

☆ Wells Fargo downgrades Tesla, sees electric vehicle stock dropping nearly 30% from here
▼ + stars: | 2024-03-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Analyst Colin Langan downgraded the electric vehicle maker to underweight from equal weight. We see headwinds from disappointing deliveries & more price cuts, which likely drive negative EPS revisions," Langan wrote. In the wake of [price] cuts are lower lease residuals, disgruntled customers & the possible loss of the luxury brand premium." Tesla shares have struggled in 2024, losing nearly 30%, as demand for electric vehicles wanes. Ford Motor last month said it was reassessing its electric vehicle plans , with CEO Jim Farley noting widespread adoption won't happen until costs are more aligned with gas-powered models.

Persons: Wells, Colin Langan, Langan, Jim Farley, Wells Fargo's Langan Organizations: Elon, EU, China, Ford Motor, General Motors, Honda Locations: Tuesday's

☆ Nongfu Spring: Bottled water empire of China’s richest man Zhong Shanshan is facing a boycott by nationalists
▼ + stars: | 2024-03-13 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Zhong and his drinks firm Nongfu Spring, the country’s biggest maker of bottled water, are the latest targets of an army of internet zealots. WeiboThe nationalists have also highlighted the fact that prominent US investment funds, including Vanguard and BlackRock, are major shareholders of Nongfu Spring. “Taking advantage of Mr Zong’s death, a lot of slander against me and Nongfu Spring appeared on the internet. “Whether Wahaha or Nongfu Spring, we always insist on the same thing — producing good products for the people,” he said. Nongfu Spring is just the latest major target of China’s nationalists.

Persons: Hong Kong CNN — Zhong Shanshan, Zhong, Zong Qinghou, Zong, Zhong’s, —, “ Zhong Shuzi, ”, “, He’s, Mr Zong’s, ” Zhong, influencers, netizens, “ Zong, Wei Jiang, Mo Yan, Mao Zedong, Stringer, Li Ning Organizations: Hong Kong CNN, Wahaha, Danone, Weibo, ”, Vanguard, BlackRock, Nongfu, American, Wahaha’s, CNN, Zhejiang Daily, Communist Party, Auto, Zhejiang University of Finance, Economics, People’s Liberation Army, AFP, Getty, Nike, Adidas, United, Toyota, Honda Locations: China, Hong Kong, Beijing, American, Weibo, Nongfu, Zhejiang, Hami, China's, Xinjiang, AFP, United States, Japan

☆ EV euphoria is dead. Automakers trumpet consumer choice for U.S. car shoppers
▼ + stars: | 2024-03-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off. U.S. EV sales were a record 1.2 million units last year, representing 7.6% of the overall national market, Cox Automotive estimates. "Moving on to less tech-savvy buyers will slow the EV market share growth over the next few years." Automakers wanted to emulate Tesla's success, with some promising to exclusively offer EVs in the not-too-distant future. "Toyota is almost completely absent from the [battery electric vehicle] market yet will gain more U.S. market share than any other car company this year.

Persons: hasn't, Andrew Merry, Aston Martin, Tesla, Elon Musk, Marin Gjaja, Ford, Pablo Di Si, Sam Fiorani, Romeo, Bentley, Mary Barra, there's, Cadillac, John Roth, We've, Gjaja, Jim Farley, Rebecca Cook, Oliver Blume, Akio Toyoda, Morgan Stanley, Adam Jonas, It's, Biden, Cox, Michelle Krebs, EVs, Trisha Jung Organizations: DETROIT, EV, Ford Motor, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, CNBC, GM, Hyundai Motor, Kia, Toyota Motor, VW, U.S, Cox Automotive, AutoForecast Solutions, Volvo, Buick, Cadillac, Honda, Ford Motor Co, Ford, Amperex Technology, Toyota, Cox, Tesla, Nissan, Nissan U.S, Environmental Protection Agency, Alliance for Automotive Innovation, American Automotive, Detroit automakers Locations: EVs, Europe, U.S, North America, Warren , Michigan, Detroit, Marshall , Michigan, Romulus , Michigan

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