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☆ Tesla's charging partnerships with Ford, GM will speed up green energy transition, Cathie Wood says
▼ + stars: | 2023-06-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

On Thursday, General Motors announced that it was partnering with Tesla to let its customers access Tesla's charging stations. Wood is a long-time Tesla bull, and the electric vehicle stock accounts for more than 12% of Ark's flagship Innovation ETF (ARKK) . Ark projects that Tesla's stock can hit $2,000 per share by 2027. TSLA YTD mountain Tesla's stock has jumped sharply in 2023. Instead of electric vehicle gross margins in the 25%-30% range, we expect autonomous — the platform strategy — to deliver 80%, 90% margin.

Persons: Cathie Wood, Tesla, Wood, — Organizations: Detroit's, Ark Invest, General Motors, Ford, Detroit, America, Motors

☆ How Ford, GM auto dealers are thinking about Detroit's EV transition and their future
▼ + stars: | 2023-06-03 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +12 min

If consumers are to be sold on the mass adoption of battery-powered electric vehicles, car dealers are going to be essential to the pitch. But she expects more Ford dealers will opt in at a future date, once they observe a meaningful consumer shift to EVs. "Despite significant increases in EV sales in 2023, dealers are largely skeptical about the OEM's timeframes on the EV rollout," Kerrigan said. A dealer in Santa Monica may decide more quickly, "I need to be all-in on EVs," Maas said. It also caps their total EV sales at 25% of inventory.

Persons: Robb Hernandez, Hernandez, Brian Maas, Maas, EVs, Kerrigan, Ford, Erin Kerrigan, Kelley, BEV, Dealers, Jim Farley, Farley, Tesla, Tesla's, Ford's Organizations: Ford, Bloomberg, Getty, EV, GM, Camino Real Chevrolet, Car Dealers, California Air Resources Board, Kerrigan Advisors, Toyota, ICE, CNBC, Auto Locations: Colma , California, Monterey Park, Calif, California, U.S, Santa Monica, EVs, Eureka

☆ MLB roundup: Cubs clamp down on Rays again
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +11 min

Mariners right-hander Logan Gilbert (3-3) lasted just four innings, giving up seven runs -- five earned -- on seven hits with one walk and four strikeouts. Senga (5-3) struck out nine in a career-high seven innings. Texas starter Martin Perez gave up six runs and seven hits in 4 2/3 innings. Detroit's Alex Faedo (1-3) was charged with six runs on seven hits in 4 1/3 innings. Milwaukee right-hander Adrian Houser (1-1) allowed seven runs (six earned) and a career-high 11 hits in 4 1/3 innings.

Persons: Kyle Hendricks, Matt Marton, Mike Tauchman's tiebreaking, Hendricks, Julian Merryweather, Mark Leiter, Adbert Alzolay, Austin Riley, Seth Brown, Raisel Iglesias, Brown, Ramon Laureano, JJ Bleday, Jonah Bride, Riley, Kevin Pillar, Aaron Judge, Judge, Anthony Volpe, Greg Allen, Nestor Cortes, Logan Gilbert, Alex Bregman, Chas McCormick, Brandon Bielak, pouncing, Joe Ryan, Christian Vazquez, Anthony Santander, Gunnar Henderson, Henderson, Kyle Gibson, Josh Naylor, Josh Bell, Kodai Senga, Francisco Lindor, Eduardo Escobar, Kody Clemens, Josh Harrison, Andrew Vaughn, Romy Gonzalez, Jake Burger, Luis Robert Jr, Lucas Giolito, Tyler Anderson, Taylor Ward, Shohei Ohtani, Freddie Freeman, Tony Gonsolin, Jason Heyward, J.D, Martinez, Freeman, Keibert Ruiz, Jake Irvin, Jonah Heim, Grant Anderson, Josh Jung, Adolis Garcia, Miguel Cabrera, Riley Greene, Martin Perez, Detroit's Alex Faedo, Xander Bogaerts, Bogaerts, Dylan Floro, Juan Soto, Matt Carpenter, Bryan De La Cruz, Sandy Alcantara, National League Cy Young, Whit Merrifield, Alejandro Kirk, Vladimir Guerrero Jr, Yusei Kikuchi, Adrian Houser, William Contreras, Miles Mikolas, Louis, Giovanny Gallegos, Nolan Arenado, Nolan Gorman, Zack Greinke, Carlos Hernandez, Jose Barrero, Ben Lively, Joely Rodriguez, Will Benson, Raimel Tapia, Rafael Devers, Justin Turner, Masataka Yoshida, Turner, Alexis Diaz, Casas, Zac Gallen, Arizona's, Ketel Marte, Corbin Carroll, Evan Longoria, Marte, Kyle Freeland, Freeland, Nolan Jones, Johan Oviedo, Rodolfo Castro, San Francisco, Connor Joe, Oviedo, Joe, John Brebbia, Michael Conforto's, Mike Yastrzemski, Davis Organizations: Chicago Cubs, Tampa Bay Rays, Wrigley, New York Mets, Cubs, MLB, Rays, Chicago, Athletics, Braves, Oakland, Atlanta, Mariners, Seattle, American League, Yankees, New, Astros, Houston, Orioles, Baltimore, Cleveland, Santander, Guardians, Mets, Phillies, White Sox, Angels, Los, Dodgers, Nationals, Los Angeles, Washington, Rangers, Tigers, Texas, Detroit, Padres, Marlins, Diego, Miami, National League, Blue Jays, Brewers, Toronto, Milwaukee, Cardinals, Royals, Kansas City, Reds, Red Sox, Cincinnati, Boston, Diamondbacks, Rockies, Colorado, Gallen, Pirates, Giants, Pittsburgh, San, Thomson Locations: Chicago , Illinois, USA, Atlanta, New York, Minnesota, York, Philadelphia, Chicago, Los Angeles . Chicago, Washington, Detroit, Texas, San Diego ., Diego, Phoenix

☆ Country legend Willie Nelson among 2023 Rock Hall inductees
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +3 min

A first-time nominee for the rock honor, Nelson joins country legends Dolly Parton, who was inducted into the Hall of Fame in 2022, Hank Williams and Johnny Cash. They were chosen from 14 nominees by more than 1,000 artists and members of the industry as well as fans votes. and hit fame with "Wake Me Up Before You Go-Go" before going solo. With numerous collaborations, she has bridged rock, pop, country, folk and blues. They became an R&B hit machine with songs "I'll Be Around," "Could It Be I'm Falling in Love" and "Then Came You."

☆ Country legend Willie Nelson, at 90, among 2023 Rock Hall inductees
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +3 min

☆ MLB roundup: Zac Gallen extends scoreless run in D-backs' win
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +11 min

Arizona's Emmanuel Rivera had an RBI single among his two hits and scored a run. Evan Longoria also had an RBI single for the Diamondbacks, who won two of the three games in the series after losing four of their previous five contests. Padres 5, Cubs 3Fernando Tatis Jr. ripped a two-run single in the seventh inning to give San Diego the lead for good in its win in Chicago. Tatis added an insurance run with an RBI single in the ninth. Rodolfo Castro added a two-run single, and Bryan Reynolds, Andrew McCutchen and Ji Hwan Bae each had an RBI single for the Pirates.

DETROIT, April 21 (Reuters) - United Auto Workers union President Shawn Fain said on Friday there is "no excuse" for Detroit's automakers to set up electric vehicle operations and ventures that are not unionized. Detroit automakers have set up several U.S. joint venture battery factories that are not covered by their current agreements with the UAW. Fain said workers at joint venture battery plants should earn higher wages than production workers at older Detroit Three factories. "I look forward to bring that work under the UAW," Fain said. The UAW president said workers displaced as factories dedicated to combustion vehicle technology lose work should have a right to get jobs at joint venture factories.

☆ MLB roundup: Padres' shutout ends Braves' win streak
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +11 min

Martinez (1-1) allowed three hits and two walks with six strikeouts over seven innings to get the win. Cardinals starting pitcher Jake Woodford (1-2) allowed four runs on seven hits and a walk in five innings. Diamondbacks starting pitcher Madison Bumgarner (0-3) allowed seven runs on seven hits and four walks in four innings. Alek Thomas hit a two-run homer and Pavin Smith hit a solo shot for Arizona. Toronto right-hander Jose Berrios (1-3) gave up two runs on three hits with three strikeouts in seven innings.

☆ MLB roundup: Rays crush A's, run opening win streak to 9
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +11 min

The Rays' matched the 2003 Kansas City Royals for the hottest streak to start a season in baseball's wild-card era. The Rays' plus-57 run differential through nine games is the largest ever in MLB since 1900. Padres starter Seth Lugo (2-0) gave up one run on five hits and four walks with five strikeouts over six innings to earn the win. Chicago starter Michael Kopech (0-2) gave up one run and two hits in six innings, with three walks and five strikeouts. Rangers starter Jon Gray (1-1) allowed Edwin Rios' two-run homer in the second inning.

☆ Previously homeless Detroit resident gets evicted from tiny home amid protests
▼ + stars: | 2023-04-05 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

On Tuesday, Detroit bailiffs arrived at Taura Brown's tiny home to evict her after a years-long battle. The legal battle has gone on since Cass Community Social Services (CCSS) decided against renewing Brown's lease at the tiny home in early 2021. Sammie Lewis of the Detroit Eviction Defense then organized members of the group to protest when law enforcement arrived at Brown's door, according to local reports. The Detroit Eviction Defense group is a coalition of tenants, homeowners, and other advocates fighting against evictions and home foreclosures in the Detroit Metropolitan area. Fowler provided 7 Action News with a longer statement on Brown's eviction.

☆ I've scoured Detroit's dumps, streets, and abandoned homes for wood and metal to make furniture. It's exciting to be part of a movement that redefines how society should use reclaimed materials.
▼ + stars: | 2023-04-04 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

At first, I didn't even know that car design was an actual career or business. Woodward Throwbacks' Detroit showroom. It is a sustainable design studio that custom builds furniture and home goods with recycled materials found in the city. I was falling out of love with car design, and the possibility of being my own boss excited me. What Woodward Throwbacks is doing — redefining how society sees and uses reclaimed materials for everyday use — has never been done before.

☆ This Detroit couple bought a $6,500 house destined for the wrecking ball, then picked over old basketball courts, science labs, and churches to renovate it into a beauty. See inside.
▼ + stars: | 2023-03-28 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

Kyle Dubay and Bo Shepherd own Woodward Throwbacks, a store that recycles building materials. In 2019, they purchased a run-down home for $6,500 from the Detroit Land Bank Authority. See how the couple used salvaged materials to renovate and furnish the home. In 2019, Dubay and Shepherd purchased the North End home from the DBLA for $6,500. See how the couple transformed the old decaying home into a luxurious property by using recycled materials like old basketball court floorboards and science lab countertops.

☆ Challenger wins UAW labor union presidency, vows reforms
▼ + stars: | 2023-03-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 25 (Reuters) - Shawn Fain on Saturday won the race for United Auto Workers president, narrowly defeating incumbent head Ray Curry in a shakeup for the Detroit-based labor union. Labor contracts with Detroit's Big Three automakers expire in September and Fain has vowed to take a tough line with them. The UAW is working to organize new battery plants and members worry that shifting to electric vehicles will cost jobs. The UAW won a key victory in December, when workers at an Ohio General Motors-LG Energy (373220.KS) battery cell factory voted to join the union. The union has unsuccessfully sought to organize workers at foreign-based U.S. auto plants including Volkswagen (VOWG_p.DE) and Nissan (7201.T).

☆ America needs immigration reform, or it risks of losing an entire generation of tech workers to countries like Canada, the UK, and Japan
▼ + stars: | 2023-03-23 | by ( Emilia David | Paayal Zaveri | ) www.businessinsider.com time to read: +8 min

While the US still attracts talent, workers increasingly go to places like the UK or Canada. With other countries easing immigration for tech workers, the US may find itself lagging. Without change, and fast, experts say this could mean an entire lost generation of tech talent for American tech. "Foreign countries have figured out ways to more aggressively attack top-tier tech talent," Hiba Anver, an immigration attorney with Erickson Immigration Group, told Insider. America's loss is other countries' gainMeanwhile, other countries are making it easier for tech workers like Negandhi and students to immigrate.

☆ NBA roundup: Paul George gets hurt in Clippers' loss
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +4 min

Kawhi Leonard scored 21 points and Paul George added 18 against his former team before departing with a knee injury. Derrick White added 20 points for the Celtics, and Marcus Smart scored 17. Day'Ron Sharpe scored 20 points to lead the Nets, who tied a season high with their fourth straight loss. Bogdan Bogdanovic started at guard in place of Dejounte Murray (illness) and scored 18 points. Sandro Mamukelashvili scored 20 points for the Spurs, who played without Keldon Johnson (neck), Devin Vassell (knee) and Zach Collins (rest).

☆ Volkswagen's Scout unit wins $1.3 bln in incentives for South Carolina factory
▼ + stars: | 2023-03-20 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The project could also receive up to $180 million in job development tax credits based on hiring, said South Carolina Commerce Secretary Harry Lightsey. In May, VW said it would reintroduce the Scout off-road brand in the United States, offering new electric pickup and sport-utility vehicles. Scout said it hopes to eventually create 4,000 jobs and produce 200,000 Scout vehicles annually. Volkswagen has moved away from cars in the United States. Monday's event was the latest major auto announcement for South Carolina, home to BMW's (BMWG.DE) U.S. operations and its largest plant by volume.

☆ UAW presidential challenger claims lead as rival campaign files protest
▼ + stars: | 2023-03-17 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 17 (Reuters) - Union challenger Shawn Fain is narrowly leading United Auto Workers (UAW) President Ray Curry in a runoff election as Curry's campaign said it had filed a protest. Earlier this month, a court-appointed monitor said Fain received 69,118 votes and Curry has 68,473 votes – a difference of 645 votes - but with 1,608 unresolved challenged ballots. The UAW is working to organize new battery plants and members worry that shifting to electric vehicles will cost jobs. Curry has been president of the UAW since June 2021, and a UAW member since 1992. The UAW won a victory in December, when workers at an Ohio General Motors (GM.N)-LG Energy (373220.KS) battery cell factory voted to join the union.

☆ UAW presidential challenger holds lead as rival campaign files protest
▼ + stars: | 2023-03-17 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, March 17 (Reuters) - Challenger Shawn Fain is narrowly leading United Auto Workers (UAW) President Ray Curry in a runoff election for leadership of the powerful union, as Curry's campaign said it had filed a protest over issues including undelivered ballots. A group backing Fain said that lead means his victory is "all but assured." The UAW is working to organize new battery plants and members worry that shifting to electric vehicles will cost jobs. Curry has been president of the UAW since June 2021, and a UAW member since 1992. The UAW won a victory in December, when workers at an Ohio General Motors (GM.N)-LG Energy (373220.KS) battery cell factory voted to join the union.

☆ The tech layoff contagion is hitting automakers — but it's not like what's happening at Google, Meta, and Microsoft
▼ + stars: | 2023-03-15 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

But the downsizing wave hitting the automotive industry isn't quite the same as the one plaguing tech giants like Google, Meta, and Microsoft. Silicon Valley takes a lesson from DetroitLayoffs and buyouts are nothing new to the automotive industry, especially in the last few years. In French's view, the tech industry is taking a page from Detroit's playbook as it trims its ranks this year. He's skeptical of claims that tech companies are already victims of an economic downturn, and instead believes these companies are bracing for the worst before a true "bloodbath." "Tech companies are taking the lead from what automotive companies have done in the past and trying to brace for that downturn before it really hits."

☆ NBA roundup: Suns win in Kevin Durant's debut
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +7 min

Bucks 139, Magic 117Giannis Antetokounmpo collected 31 points, seven rebounds and six assists to fuel streaking Milwaukee's victory over visiting Orlando. Orlando's Cole Anthony scored a season-high 28 points off the bench and Markelle Fultz recorded 21 points, seven rebounds and five assists. Jalen Williams led Oklahoma City with 24 points and chipped in seven assists, while Josh Giddey added 22 points, 11 assists and nine rebounds. The 76ers, who snapped a two-game skid that included a home loss to the Heat, also got 23 points, seven rebounds and five assists from James Harden. Ja Morant had 20 points, seven rebounds and seven assists for Memphis, which led by as many as 28 and won its third straight.

☆ NHL roundup: Linus Ullmark's record night lifts Bruins
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +7 min

Dmitry Orlov scored twice in a three-point game while Pavel Zacha also scored for the Bruins. Panthers 4, Lightning 1Eric Staal, Anton Lundell and Eetu Luostarinen scored first-period goals as Florida broke Tampa Bay's club-record 16-game home point streak. Sergei Bobrovsky's 29 saves helped him set a record for most NHL wins by a Russian goaltender (354). Jesse Ylonen, Kaiden Guhle and Christian Dvorak scored third-period goals for the Canadiens, who have won three of four. Travis Boyd, Barrett Hayton and Jack McBain also scored goals and Clayton Keller added a pair of assists for Arizona, which snapped a two-game losing streak.

The major Detroit pickup truck brands are sitting on growing inventories of unsold vehicles, according to Cox Automotive data provided to Reuters. Inventory levels are over 100 days’ supply for rival Stellantis NV's (STLAM.MI) Ram half-ton and heavy-duty pickups. Stellantis said in a statement it had no downtime planned at any of its North American plants, but constantly reviewed its inventory levels and would make production adjustments as needed. February sales growth was led by a 54% increase in sales to fleet customers, Power and LMC said. Especially for trucks," said Ohio dealer Rhett Ricart, whose Ricart Automotive Group sells Ford and GM trucks at different stores.

☆ NHL Roundup: Canes rout Caps in Stadium Series
▼ + stars: | 2023-02-19 | by ( ) www.reuters.com time to read: +9 min

Josh Brown and Travis Boyd each had a goal and an assist, and Christian Fischer also scored. Arizona has earned points in eight straight games (4-0-4) for the first time in 11 years. Corey Perry and Vladislav Namestnikov each had a goal and an assist, and Steven Stamkos and Pierre-Edouard Bellemare also scored goals for Tampa Bay. Columbus' Mathieu Olivier collected a goal and two assists, Eric Robinson had one of each and Liam Foudy scored his first career NHL regular-season goal. Joonas Korpisalo turned aside 28 shots for the Blue Jackets, while forward Johnny Gaudreau sat out because of a lower-body injury, ending his streak of playing in 349 straight games.

☆ NHL roundup: Auston Matthews' return boosts Leafs
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +4 min

[1/6] Feb 15, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs right wing William Nylander (88) battles for the puck with Chicago Blackhawks defenseman Caleb Jones (82) in front of Blackhawks goaltender Petr Mrazek (34) during the third period at Scotiabank Arena. Mandatory Credit: Nick Turchiaro-USA TODAY SportsFebruary 16 - Auston Matthews had a goal and an assist in his return after missing five games with a sprained knee, helping the Toronto Maple Leafs earn a 5-2 win over the visiting Chicago Blackhawks on Wednesday night. The Maple Leafs went 2-3-0 while Matthews was out. Conor Timmins added a goal, and the Maple Leafs goalie Ilya Samsonov made 27 saves. Lazar and defenseman Oliver Ekman-Larsson left due to lower-body injuries, and goalie Arturs Silovs stopped 22 shots in his NHL debut.

☆ NBA roundup: Bucks best Clippers for 10th straight win
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +9 min

Brandon Boston Jr. scored 20 points and Paul George added 19 points and 11 rebounds for the Clippers. Norman Powell had 16 points and Marcus Morris Sr. scored 15 for Los Angeles, which has lost two games in a row. Domantas Sabonis put up 18 points, 11 rebounds and a team-high seven assists for the Kings. Detroit's Jaden Ivey supplied 17 points, eight rebounds and eight assists, while Isaiah Stewart had 15 points and 11 rebounds. Desmond Bane added 20 points, seven rebounds and five assists, while Jaren Jackson Jr. tallied 15 points and six rebounds.

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