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☆ Honda to build $11 billion electric vehicle hub in Canada
▼ + stars: | 2024-04-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

A Brand new Honda Pilot is displayed on the sales lot at Honda Marin on February 06, 2024 in San Rafael, California. DEROIT – Honda Motor and yet-to-be-named joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the Japanese automaker announced Thursday. Honda said vehicle production will begin in 2028, with annual vehicle capacity of 240,000 units once it's fully operational. Prime Minister of Canada Justin Trudeau said during a livestreamed press conference Thursday that Honda's investment, $15 billion Canadian, is the largest ever for the country's automotive industry. The investment is a major win for Canada and comes after Honda last year confirmed a $4.4 billion investment for a new U.S. battery plant in Ohio.

Persons: Honda Marin, DEROIT, Honda, Canada Justin Trudeau, Toshihiro Mibe Organizations: Honda, North, Canada, LG Energy Locations: San Rafael , California, Ontario, Canada, Alliston , Ontario, North America, U.S, Ohio

New York’s highest court on Thursday overturned the felony sex crimes conviction of the notorious Hollywood producer Harvey Weinstein, a staggering reversal of a bedrock case in the #MeToo era that prompted countless victims of sexual harassment and assault to come forward as accusers. In a bitterly contested 4-to-3 decision, the New York Court of Appeals found that the judge who had presided over Mr. Weinstein’s case deprived him of a fair trial in 2020 by allowing prosecutors to call witnesses who said Mr. Weinstein had assaulted them — but whose accusations were not the basis for any of the charges against him. Responding on Thursday, the Manhattan district attorney, Alvin L. Bragg, announced that he would seek to prosecute Mr. Weinstein again. “We will do everything in our power to retry this case, and remain steadfast in our commitment to survivors of sexual assault,” a spokeswoman for Mr. Bragg’s office said. The case was originally prosecuted by his predecessor, Cyrus R. Vance Jr.

Persons: Harvey Weinstein, Weinstein’s, Weinstein, Alvin L, Bragg, Mr, “, ”, Cyrus R, Vance Jr Organizations: Hollywood, New, Appeals, Mr Locations: Manhattan

☆ Ford is set to report earnings after the bell. Here's what Wall Street expects
▼ + stars: | 2024-04-24 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — Ford Motor is announcing first-quarter earnings after the markets close Wednesday. The automaker's 2024 guidance released in February included adjusted earnings before interest and taxes, or EBIT, of between $10 billion and $12 billion; adjusted free cash flow of $6 billion to $7 billion; and capital spending of $8 billion to $9.5 billion. There is less consensus on Wall Street around Ford's performance than there was for its crosstown rival General Motors , which on Tuesday reported strong first-quarter results and raised its full-year guidance. Ford is Morgan Stanley's "top pick," but others on Wall Street are less bullish on the company. Ford has faced years of inflated warranty costs, including $1.9 billion in 2023, which have affected its earnings.

Persons: Ford's, Ford, Morgan Stanley's, Joseph Spak, Jim Farley's, — CNBC's Michael Bloom Organizations: New York, DETROIT, Motors, UBS

☆ Biden signs foreign aid bill providing crucial military assistance to Ukraine
▼ + stars: | 2024-04-24 | by ( Michael Williams | Arlette Saenz | ) edition.cnn.com time to read: +2 min

Washington CNN —President Joe Biden on Wednesday signed into law an aid package providing crucial military assistance to Ukraine, capping months of negotiations and debate. The aid package, passed by the Senate late Tuesday evening and worth $95 billion in total, includes nearly $61 billion in aid to Ukraine, $26 billion for Israel and $8 billion for the Indo-Pacific. Hardline House conservatives opposed further US funding to Kyiv and threatened to oust Johnson over his handling of the negotiations. Conservatives in Congress have opposed additional assistance for what they view as an unwinnable war. Earlier this year, Biden signaled his intentions to make significant immigration-related concessions if Congress were to move forward with the aid bill.

Persons: Joe Biden, Volodymyr Zelensky, Mike Johnson, Johnson, Biden, Bill Burns, Donald Trump, Trump, Sen, Bernie Sanders, ” Sanders, Benjamin ] Organizations: Washington CNN, Senate, House Republican, Conservatives, Congress, CIA, Ukraine, Republicans Locations: Ukraine, Israel, United States, Kyiv, Europe, Russia, Gaza

☆ Kim Aris: Aung San Suu Kyi’s son casts doubt on reports Myanmar former leader has been moved from prison
▼ + stars: | 2024-04-23 | by ( Helen Regan | ) edition.cnn.com time to read: +13 min

Drn/Getty Images Suu Kyi, front center, is seen with her parents and her two elder brothers in 1947. Kyodo News Stills/Getty Images Suu Kyi poses with Burmese comedian Par Par Lay, who was part of the pro-democracy act "The Moustache Brothers." Soe Than Win/AFP/Getty Images Suu Kyi meets US Secretary of State Hillary Clinton at Suu Kyi's residence in Yangon in 2011. Peter Muhly/AFP/Getty Images Suu Kyi is presented with the Congressional Gold Medal while visiting the US Capitol in 2012. U Aung/Xinhua News Agency/Getty Images Suu Kyi addresses the United Nations General Assembly in New York in 2016.

Persons: Aung, Suu, ”, Kim Aris, Suu Kyi, she’s, ” Aris, CNN’s Anna Coren, “, Michael Aris, ” “, Zaw Min Tun, Min Aung Hlaing, Aris, they’ve, Ma Khin Kyi, Par, Karl Malakunas, David Brunnstrom, Jonathan Karp, Price, Luis D'Orey, David Van Der Veen, Jonathan Utz, Michael Wolf, Pornchai Kittiwongsakul, Soe, Hillary Clinton, Paula Bronstein, Minzayar Oo, Kyi, Bono, Peter Muhly, Alex Wong, Barack Obama, Obama, Brendan Smialowski, Chris Ison, Ragnar Singsaas, Romeo Gacad, Lauren DeCicca, Lam Yik Fei, Htin Kyaw, Aung Naing, Min Aung, Aung Htet, Kyaw, Jewel SamadD, John Kerry, Jonathan Ernst, Reuters Suu Kyi, Heath Mitchell, Pope Francis, Elizabeth II, John Stillwell, Mike Pence, Bernat, Myanmar's, Koen Van Weel, ’ Aris, I’d, Suu Kyi’s NLD Organizations: CNN, Aung, National League for Democracy, Aris, Reuters, Burma Independence Army, Kyodo, Stills, Oxford University, Getty, Embassy, Suu Kyi, Panos, Congressional, Capitol, Suu, Xinhua News Agency, United Nations General Assembly, National Park Service, Palace, ASEAN, Court of Justice, Association for Political, United Nations Locations: Myanmar, Britain, Rangoon, Yangon, Myanmar’s, Zaw, heatstroke, Naypyidaw, India, Par Par Lay, England, AFP, Bangkok, Thailand, Bagan, Pathein, Camberley, Oslo, Norway, Kawhmu, New York, Washington ,, Washington, DC, Singapore, Gambia, “, Burma, doesn’t

☆ A homebuyer's guide to the real-estate revolution
▼ + stars: | 2024-04-23 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Real-estate agents' commissions have fluctuated between 5% and 6% of the sale price for decades, despite advances in technology and an influx of agents. The recent lawsuits, which accused the NAR and some of the country's largest brokerages of conspiring to keep agents' commissions unfairly high, could signal the start of a new era. If sellers aren't paying out commissions to buyers' agents, buyers themselves could end up on the hook. For example, what happens if the seller isn't willing to pay the buyer's agent's commission? In most states, the buyer's agent can technically just rebate that extra money to their client.

Persons: Austin Whitt, Whitt, —, I've, Steve Brobeck, Sabrina Brown, they've, Michael Warren, Sellers, Prentiss Cox, it'll, you've, doesn't, Jack Ryan, Ryan, homebuying, Rob Hahn, Wendy Gilch, Gilch, I'm, it's, David Dworkin, Dworkin, Cox, It's Organizations: Realtors, National Association of Realtors, NAR, Consumer Federation of America, Getty, University of Minnesota, MLS, Consumer Federation of, National Housing Conference, Justice Department Locations: Tennessee, Nashville, America, North Carolina, United Kingdom, Australia

☆ NABTU: Biden scores major union backing as its leaders attack Trump
▼ + stars: | 2024-04-23 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +8 min

CNN —Joe Biden landed a major union endorsement Wednesday from North America’s Building Trades Unions, whose leaders say the president has his infrastructure bill largely to thank for it. The backing from NABTU, which has 3 million members nationwide, is more enthusiastic than its 2020 backing of Biden. That’s raised questions about the political future of the next generation of union members. It’s “almost like the perfect leader was sent at the perfect time for working people,” NABTU President Sean McGarvey told CNN about Biden in an interview announcing the endorsement. Biden appeared at the union’s conference in Washington on Wednesday to officially get the nod – which union leaders also want to be seen as a stark rebuff of Trump, who eagerly solicited support from union members and leaders during his time in office, but, their leaders say, didn’t deliver.

Persons: CNN — Joe Biden, Biden, Donald Trump, That’s, It’s, ”, Sean McGarvey, Trump, NABTU, ” Biden, “, ” “, Joe Biden, Elizabeth Frantz, Biden’s, McGarvey, ” McGarvey, it’s, Trump’s, Sean, “ Donald Trump, ” Brent Booker, Booker, ” Booker, didn’t, Julie Chavez Rodriguez, “ Biden, he’s, Mitch Landrieu, ” Landrieu, CNN’s Michael Williams Organizations: CNN, Unions, Teamsters, Republican, Democratic, Biden, Trump, Covid, North, Washington Hilton, ’ International Union of Locations: America’s, Pennsylvania, Michigan, Wisconsin, NABTU, Washington, Washington ,, Chicago, ’ International Union of North America

☆ Abortion rights: State bans, Supreme Court case and Biden’s Florida dream
▼ + stars: | 2024-04-23 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

The new Florida law has limited exemptions for rape, incest and to protect the life of the mother. In the electionPresident Joe Biden visited Florida to focus on abortion rights Tuesday. Referendums placing the issue of abortion rights before voters will be on the ballot in Arizona and Florida. New realityIt is the cases currently before the Supreme Court that could have the most direct effect on the new reality for pregnant American women. Cox fled Texas to obtain an abortion just before the state Supreme Court denied her access to the care under the medical exemption in Texas’ abortion law.

Persons: Roe, Wade, Joe Biden, Kamala Harris, CNN’s Edward, Isaac Dovere, Donald Trump, Wade . Biden, Harris, Trump, CNN’s Tierney Sneed, “, Read, Jen Adkins, Adkins, CNN’s Meg Tirrell, John Bonifield, Julie Lyons, who’s, ” Lyons, Allie Phillips, Dobbs, Amanda Zurawski, Trump’s, Jill Biden, Kate Cox, Cox, CNN’s Priscilla Alvarez, Michael Williams, Dale Mabry, Biden, Joe Raedle, Dovere, he’s, ”, Court’s Dobbs Organizations: CNN —, Senate, Biden, CNN, Jackson, Health, Hillsborough Community, Republican, ” Locations: Florida, Arizona, Florida ., Idaho, Sneed, Portland , Oregon, Hailey, Sun Valley, New York, Tennessee, Texas, Florida , Arizona, year’s State, Tampa , Florida

☆ What investors should know about the UAW's organizing drive of VW
▼ + stars: | 2024-04-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

"We're going to carry this fight on to Mercedes and everywhere else," Fain told VW workers Friday night following the historic vote. Impact on labor costsTop of the list of likely impacts from organizing efforts at VW is labor costs. But for the Big Three Detroit automakers — and their shareholders — the VW organizing drive could be a positive. GM, Ford and Stellantis have higher all-in labor costs than non-organized automakers such as VW. Fain on Friday said "the real fight begins now," referring to the expected negotiations between the union and VW.

Persons: Elijah Nouvelage, Alex Hertel, Fernandez, It's, Shawn Fain, Kelcey Smith, Kevin Wurm, Fain, Let's, Joe Biden, Evelyn Hockstein, there's, – Organizations: Volkswagen, Getty, DETROIT, United Auto Workers, UAW, Detroit union's, U.S . Department of Labor, Columbia University, Union, National Labor Relations Board, NLRB, VW, General Motors, Ford Motor, Chrysler, Detroit automakers, BMW, Honda, Hyundai, Mazda, Benz, Nissan, Subaru, Toyota, Volvo, Washington Post, Workers, Mercedes, UBS, Big Three Detroit automakers —, GM, Ford, Chamber, U.S, Capitol, Reuters Locations: Chattanooga , Tennessee, U.S, Vance , Alabama, Chattanooga, Washington , U.S, Detroit

☆ Bank of America strategist on why gold prices could climb to $3,000 per ounce
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America strategist on why gold prices could climb to $3,000 per ounceMichael Widmer, head of commodities research at Bank of America, discusses the outlook for gold prices and the mismatch between copper supply and demand.

Persons: Michael Widmer Organizations: Email Bank of America, Bank of America

☆ Trump’s immunity case is another reminder that all roads now lead to the Supreme Court
▼ + stars: | 2024-04-22 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

CNN —The Supreme Court’s hearing Thursday on former President Donald Trump’s immunity claim will underline a historic power shift. Trump’s relationship has been complex with the court’s conservative majority – despite his instrumental role in establishing it. In sharp contrast, the court’s conservative majority has exerted its influence year after year, without interruption. “There is just much more intense vetting of Supreme Court justices,” said Pierson. “You can tell by the results of the court decisions over the past several years that it is fundamentally different.

Persons: Donald Trump’s, “, ”, Jeff Shesol, Franklin D, John Roberts, Amy Coney Barrett, Ruth Bader Ginsburg, Paul Pierson, –, Barack Obama’s, Roberts, Joe Biden, Trump, they’ve, Michael McConnell, Jack Smith, Gore, outvoted, George W, Bush, MAGA, Michael Waldman, ” Waldman, Bill Clinton, Richard Nixon, Nixon, Waldman, ” McConnell, McConnell, Sandra Day O’Connor, Anthony Kennedy, Ronald Reagan, David Souter, George H.W, Pierson, Obama, Brett Kavanaugh, Barrett, Cecilia Munoz, Biden, “ It’s, Samuel Alito, Clarence Thomas, Clinton, ” Shesol, FDR, Shesol Organizations: CNN, White House, GOP, Republican Party, Trump, Republicans, University of California, Democratic, House, White, Constitutional, Center, Stanford University Law School, Brennan Center for Justice, New York University School of Law, Senate, Republican, Federalist Society, Alabama, Electoral, Citizens, Constitutional Law Center, New, Great Society Locations: Berkeley, Manhattan, Florida, “, George H.W . Bush, Shelby County

☆ Earnings playbook: Your guide to trading a huge week of reports, including Meta Platforms
▼ + stars: | 2024-04-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

Tesla is set to report earnings after the bell. What history shows: Bespoke data shows Tesla beats earnings estimates 63% of the time. What history shows: Boeing shares have risen in four of the past five earnings days, Bespoke data shows. Meta Platforms is set to report earnings after the closing bell. What history shows: Microsoft earnings have beaten earnings estimates in six straight quarters, Bespoke data shows.

Persons: Michael Wayland, FactSet, Tesla, TSLA, Emmanuel Rosner, Dave Calhoun, Peter Saleh, Saleh, Chipotle, Morgan Stanley's, Ford, Jim Farley's, Ronald Josey, Jordan Novet Organizations: General Motors, CNBC, Tuesday, GM, Wall, Motors, Investment, Deutsche Bank, EV, Boeing, Ford, Management, Ford Motor, Detroit, Investors, Citi, Meta, Bloomberg News, Apple, Microsoft Locations: California

☆ Trump campaign and RNC pledge to unleash thousands to monitor vote counting in battleground states
▼ + stars: | 2024-04-19 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +3 min

CNN —The Trump campaign and Republican National Committee are pledging to deploy 100,000 volunteers and lawyers to monitor vote counting across battleground states this year – part of what officials describe as a stepped-up focus on “election integrity” by the national party. As the party’s presumptive presidential nominee, Trump now controls the RNC and recently installed a new chairman, Michael Whatley, and his daughter-in-law Lara Trump as party co-chair. “Having the right people to count the ballots is just as important as turning out voters on Election Day,” Trump said in a statement. It’s not unusual for political parties and candidates to work to recruit and deploy lawyers and partisan poll watchers to protect their interests as voters cast their ballots and election officials tally the results. Spies promised aggressive legal action if officials deviate from established election procedures or “try to change them at the last minute.”The new election monitoring program comes as the RNC has engaged in dozens of election-related lawsuits around the country.

Persons: Donald Trump’s, Trump, Michael Whatley, Lara Trump, “, ” Trump, hotlines, It’s, –, Charlie Spies, ” “, we’re, ”, Spies Organizations: CNN, Trump, Republican National Committee, Politico, RNC, Republicans, GOP

☆ VW workers in Tennessee vote to join UAW in historic win for Detroit union
▼ + stars: | 2024-04-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

According to results posted by the UAW's main lawyer, union organizing passed with 73% of the vote, or 2,628 workers, in support for the UAW, according to the post. A total of 3,620, or roughly 84%, of the more than 4,300 eligible VW workers voted in the election, the union said. "In a historic victory, an overwhelming majority of Volkswagen workers in Chattanooga, Tennessee, have voted to join the UAW," the union said in a release Friday night before official results were released by the NLRB. "While votes continue to be tallied, the outcome is clear: Volkswagen workers in Chattanooga are the first Southern autoworkers outside of the Big Three to win their union." VW confirmed the UAW's win in a release Friday night but offered little comment.

Organizations: United Auto Workers, UAW, VW, Volkswagen, NLRB, General Motors, Ford Motor, Chrysler Locations: Chattanooga , Tennessee, Detroit's, Chattanooga, Southern, U.S

☆ A Life Overtaken by Conspiracy Theories Explodes in Flames as the Public Looks On
▼ + stars: | 2024-04-19 | by ( Michael Wilson | Tracey Tully | ) www.nytimes.com time to read: +1 min

The journey that ended with a man setting himself on fire on Friday outside the Manhattan courthouse where Donald J. Trump was being tried seemed to have begun in Florida, with a series of increasingly bizarre outbursts. Standing in the afternoon chill, the man, Max Azzarello, 37, of St. Augustine, Fla., threw pamphlets into the air before dousing himself with an accelerant and setting his body ablaze. The police hurried to extinguish the flames, but officials said his injuries were grave, and he was being treated at a hospital burn unit. The fire just a block or two from the courthouse appeared calculated to draw widespread attention, horrifying bystanders and temporarily overshadowing the momentous trial of a former president. His social media postings and arrest records suggest the immolation stemmed instead from a place of conspiracy theories and paranoia.

Persons: Donald J, Trump, Max Azzarello, dousing Locations: Manhattan, Florida, St, Augustine, Fla

The exact number of US troops in the country is not clear but one US official said there are fewer than 100 troops there. But the official said Chad’s threat to terminate the SOFA agreement blindsided US officials. The move comes at a critical time for US interests in Africa, as American officials have warned that Russian influence is expanding across the continent. While in the country, Langley met with Chadian military leaders including Gen. Abakar Abdelkerim Daoud, Chad’s Chief of Staff of the Armed Forces, according to an AFRICOM press release at the time. Langley said in the release that AFRICOM “remains dedicated to building enduring partnerships with Chad and other African nations.”

Persons: Chad’s, Michael Langley, ” “, ” Langley, Langley, ”, AFRICOM’s, Michael Woods, Abakar Abdelkerim Daoud Organizations: CNN, Forces Agreement, Operations Task Force, US Special Operations Forces, Marine Corps, US Africa Command, Senate Armed Services Committee, Russian Federation, House Armed, Committee, Central, Chadian, Staff, Armed Forces Locations: Chad, Russia, N’Djamena, Niger, Africa, Russian, Libya, Maghreb, Morocco, ”, China, Chad’s

☆ Biden to appear with Kennedy family for endorsements, as battle heats up with RFK Jr. over family legacy
▼ + stars: | 2024-04-18 | by ( Kevin Liptak | ) edition.cnn.com time to read: +5 min

He has cited Robert F. Kennedy Sr. as a personal inspiration in his political career. And Biden invited Maria Shriver, a niece of John F. Kennedy and Robert F. Kennedy, to attend his State of the Union address to highlight her work on women’s health. In public statements, some members of the Kennedy family have already made clear they are backing Biden in November. In a CNN interview last month, another sister of RFK Jr., Rory Kennedy, said she’s concerned he could undermine Biden’s chances of defeating Trump. I don’t know anybody in America who’s got a family who agrees with him on everything.”The Kennedy family members attending Biden’s event Thursday include Rory Kennedy, Kerry Kennedy, Joe Kennedy II, Beth Kennedy, Joe Kennedy III, Christopher Kennedy, Maxwell Taylor Kennedy, Vicki Strauss Kennedy, Kathleen Kennedy Townsend, Kerry Kennedy Meltzer, Max Meltzer, Ted Kennedy Jr., Stephen Kennedy Smith, Peter McKelvy and Rebeca McKelvy.

Persons: Joe Biden, Kennedy, Biden, Robert F, Kennedy Jr, ’, Kerry Kennedy —, —, “, Donald Trump, “ Donald Trump, ”, Donald, ” Kennedy, She, John White Jr, Robert Kennedy, Amaryllis Fox Kennedy, Joe Kennedy III, It’s, Caroline Kennedy, Victoria Reggie Kennedy, Sen, Ted Kennedy, Patrick’s, Maria Shriver, John F, Rory Kennedy, she’s, Bobby, CNN’s Erin Burnett, America who’s, Kerry Kennedy, Joe Kennedy II, Beth Kennedy, Christopher Kennedy, Maxwell Taylor Kennedy, Vicki Strauss Kennedy, Kathleen Kennedy Townsend, Kerry Kennedy Meltzer, Max Meltzer, Ted Kennedy Jr, Stephen Kennedy Smith, Peter McKelvy, CNN’s Michael Williams, Aaron Pellish, Eva McKend Organizations: CNN, Democratic, RFK Jr, ”, Biden, White, Trump, RFK Locations: Philadelphia, United States, America, Australia, Austria, Northern Ireland, St

☆ Biden calls for a tripling of tariffs on Chinese steel as he makes economic pitch in Pittsburgh
▼ + stars: | 2024-04-17 | by ( Betsy Klein | Michael Williams | ) edition.cnn.com time to read: +6 min

CNN —President Joe Biden called on his administration to ratchet up pressure on the Chinese steel industry as he brings his economic competition pitch to Pittsburgh, the heart of the American steel industry, on Wednesday, part of a three-day campaign trail swing through battleground Pennsylvania. The trip comes after Biden last month publicly opposed a controversial $14 billion deal for Japan’s Nippon Steel to purchase US Steel. President Biden will not impose ineffective, across-the-board tariffs that would increase costs and harm hundreds of thousands of jobs,” the official said. The United Steelworkers, a key union representing workers in the steel industry, endorsed Biden’s reelection campaign last month. Trump made tariffs against China a central feature of his global economic strategy, and Biden has largely maintained them, despite external criticism.

Persons: Joe Biden, ” Biden, Biden, Donald Trump, Katherine Tai, “, Tai, Lael Brainard, ” Brainard, “ They’re, ” , ”, Biden’s, he’s, Trump, Xi Jinping, Lloyd Austin, CNN’s Chris Isidore, Arlette Saenz, Kevin Liptak Organizations: CNN, United Steelworkers, United States Trade, National Economic, of, Japan’s Nippon Steel, US Steel . US Steel, Justice Department, Foreign Investment, US Steel, ”, American, steelworkers, Biden, Trump Locations: Pittsburgh, Pennsylvania, China, America, Scranton, Philadelphia, New York City, United States, American

☆ Volkswagen union vote in Tennessee to test UAW's power after victories in Detroit
▼ + stars: | 2024-04-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Elijah Nouvelage | Getty ImagesDETROIT — Volkswagen workers in Chattanooga, Tennessee, will vote this week on whether to organize with the United Auto Workers in a key test of the union's sway. More than 4,000 VW workers are eligible to vote, beginning Wednesday and ending at 8 p.m. EDT on Friday. The organizing vote, which is being overseen by the National Labor Relations Board, will need a simple majority to succeed. Volkswagen, which has union workers at non-U.S. plants, has said it will let its workers determine whether to organize. An aerial view of the Chattanooga Volkswagen factory in Chattanooga, Tennessee on April 10, 2024.

Persons: Elijah Nouvelage, Shawn Fain, Fain, Stephen Silvia, Southern, Silvia, Kevin Wurm, it's, we're, —, Isaac Meadows, Meadows Organizations: Volkswagen, Getty, DETROIT, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Detroit, Tennessee VW, VW, National Labor Relations Board, Detroit automakers, Southern Gamble, Workers, Foreign, American University, Washington , D.C, Chattanooga Volkswagen, Washington Post, Ford Locations: Chattanooga , Tennessee, U.S, Detroit, Tennessee, Chattanooga, Washington ,

☆ Republican governors from six states condemn UAW campaigns, citing potential for layoffs
▼ + stars: | 2024-04-16 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — Republican governors of six states on Tuesday condemned the United Auto Workers' push to organize automotive factories in the South, warning the union's efforts could lead to layoffs and fewer future investments. The joint statement — signed by governors in Alabama, Georgia, Mississippi, South Carolina, Tennessee and Texas — comes a day before Volkswagen workers in Chattanooga, Tennessee, begin voting on whether to join the UAW. The VW vote is part of an unprecedented labor organizing drive announced last year by UAW President Shawn Fain that targets 13 automakers operating in southern states and elsewhere. "We have worked tirelessly on behalf of our constituents to bring good-paying jobs to our states. Unionization would certainly put our states' jobs in jeopardy — in fact, in this year already, all of the UAW automakers have announced layoffs," read the statement.

Persons: —, Texas —, Shawn Fain, Bill Lee Organizations: DETROIT, United Auto Workers, UAW, VW, General Motors, Ford Motor, Chrysler, Tennessee Gov Locations: Alabama , Georgia , Mississippi, South Carolina , Tennessee, Texas, Chattanooga , Tennessee

☆ 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

☆ Why Hawaii is becoming a leader in U.S. EV adoption
▼ + stars: | 2024-04-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Alex Tai | SOPA Images | Lightrocket | Getty ImagesU.S. consumers have been making the move to all-electric vehicles more slowly than many expected — but a growing leader in EV adoption is Hawaii. Power's "EV Adoption Score," which is weighted based on market, consumer preference and EV availability, among other conditions, with a score of 33.8. Hawaii also is the top state for EV adoption that hasn't agreed to the California Air Resources Board's Zero-Emission Vehicle program, according to J.D. (For reference, the "Hawaii Belt" around the Big Island, or Hawaii Island, is only about 260 miles.) Power reports the top-selling EVs in the state are the Tesla Model Y, Tesla Model 3 and Ford F-150 Lightning.

Persons: Alex Tai, Elizabeth Krear, hasn't, Ivan Drury, Edmunds, Drury, –, I'm, Scott Sageman, Hawaii Aloha Kia Russell Wong, Wong, there's, That's Organizations: Tesla, Getty, EV, California Air Resources, Hawaii that's, AAA, Ford, Aloha Kia, Hawaii Aloha, Aloha, Kia, Gallup Locations: Honolulu , Hawaii, Hawaii, Power, California, Washington, J.D, ., Washington , Oregon, Colorado, Waikiki, U.S, Waipahu, EVs, Edmunds

☆ Ford prepares to resume F-150 Lightning shipments, drops prices on some models
▼ + stars: | 2024-04-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

The F-150 Lightning on display at the New York International Auto Show on March 28, 2024. DEARBORN, Mich. — Ford Motor is lowering the starting prices of some all-electric F-150 Lightning pickup trucks as it prepares to resume shipping the vehicles after quality issues. That was followed by $2,500 off Lariat models, now priced at $74,995, as well as a $2,000 reduction for XLT models, with a new price of $62,995. Prices on the $54,995 entry-level Pro model and an $84,995 top-end Platinum model were unchanged. Ford's cuts come three months after it adjusted Lightning prices, including increasing some model prices.

Persons: Kumar Galhotra Organizations: New York, Ford Locations: DEARBORN, Mich, Dearborn , Michigan

☆ Why car insurance costs are skyrocketing and leading to higher inflation
▼ + stars: | 2024-04-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

RobertCrum | Getty ImagesDETROIT – Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March and are adding to the ever more expensive costs for U.S. vehicle owners. Auto insurance costs have been on the rise for some time, growing every month as part of the index since December 2021. However, auto insurance remains a small portion of the CPI, with a 2.85% weighting. watch nowThe insurance cost increases on inflation come more than two years after the Biden administration largely blamed used car prices for pushing inflation higher in January 2022. The cost of vehicle insurance — which is mandatory in almost every state — varies by provider, driver, coverage and location.

Persons: Sean Tucker, Kelley, David Sampson, Sampson, Biden, Mitchell, Power, —, it's, Price, Mark Garrett, — CNBC's Robert Ferris, Jeff Cox Organizations: Getty, DETROIT, U.S, Auto, U.S . Bureau of Labor Statistics, American, Casualty Insurance Association, CNBC, Progressive, Power's U.S . Auto Insurance, State Farm, Liberty Mutual Locations: U.S, Power's U.S, Geico, .

☆ GOP leaders pursue new lawsuits over 2024 election rules – including attacking methods of voting they want supporters to use
▼ + stars: | 2024-04-11 | by ( Fredreka Schouten | Tierney Sneed | ) edition.cnn.com time to read: +11 min

“What he has said is that we would like ultimately there to only be voting on Election Day. Republican attorneys have filed an assortment of lawsuits across the county that vary in both what types of election rules they target and how seriously election law experts believe the case should be taken. The legal fight against mail voting has taken GOP lawyers to states beyond the typical presidential battlegrounds. In addition to the case targeting Mississippi’s post-election day mail ballot receipt deadline, Republicans filed a lawsuit challenging the major expansion of mail voting enacted by New York lawmakers last year. To arrive at the claim that the states’ voter rolls are bloated, Republicans are using a formula that has previously been rebuked in federal court.

Persons: Donald Trump, baselessly, Trump, Mike Johnson, “, ” Michael Whatley, that’s, ” Whatley, Whatley –, –, Rick Hasen, don’t, ” Hasen, Derek Muller, ” Muller, litigators don’t, ”, Justin Levitt, Muller, CNN’s Ariel Edwards, Levy, David Wright Organizations: CNN, Republican, Republican National Committee, Mississippi Republican Party, Magnolia, GOP, Republicans, Democrats, Trump, Trump’s, Fox News, Republican Party, RNC, University of Notre Dame, Fox, New, National Conference of State Legislatures, Pew Research Center, Democratic, Pew, The New, The New York City Council, Vermont, Loyola Law School, Biden White Locations: Magnolia State, Pennsylvania, Ohio , Georgia, Florida, North Carolina, Wisconsin, “, California, Colorado, Hawaii , Nevada , Oregon , Utah , Vermont, Washington, Mississippi, New York, Michigan , Wisconsin , Ohio, Arizona, New York City, United States, The New York, – Nevada, Michigan, Nevada

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