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☆ Detroit went all-in on big, expensive EVs nobody wants. Here's what the data shows they'd rather buy.
▼ + stars: | 2024-03-31 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

Read previewWhen the automotive industry started looking toward an electrified future, Detroit automakers decided to throw their hat in the ring with what they do best: Pickup trucks. Electric pickup truck pioneer Rivian has also warned of slowing growth, and Elon Musk's Tesla already appears to be offering some purchase incentives for the Cybertruck. Only four EVs sell in that range at the moment, according to Edmunds, and none of them are sold by Detroit automakers. On average, EVs sold for around $61,700 last year, $14,250 more expensive than the typical price paid for non-electric vehicles, Edmunds said. AdvertisementGM is taking another approach, pulling back on EV production as the company plans to bring more hybrids (a segment that has seen demand increase while EV demand wanes) to the North American market later this year.

Persons: —, Ford, Rivian, Elon Musk's Tesla, Edmunds, Jessica Caldwell, EVs, BCG, Jim Farley Organizations: Service, Detroit, Ford, Business, GMC, EV, Associated Press, Edmunds, Detroit automakers, Leaf, Fiat 500e, Hyundai Kona Electric, Boston Consulting Group, Bloomberg, North Locations: Detroit, Edmunds

DETROIT (AP) — Dalton Knecht had 24 points, six rebounds, five assists and two steals, and Tennessee moved within a victory of its first trip to the Final Four, beating Creighton 82-75 in a Midwest Region semifinal on Friday night. When Tennessee lost last year in the regional semifinals for the second straight season, Knecht was at Northern Colorado and Zeigler was out with a torn knee ligament. The Bluejays advanced to the second weekend of the tournament with a rout of Akron and a double-overtime win over Oregon. Tennessee: Barnes had his team prepared and made sound adjustments, but he needs another win to quiet his critics. UP NEXTThe Vols will play in front of a pro-Boilermakers crowd when Purdue tries to make its first Final Four since 1980.

Persons: — Dalton Knecht, Creighton, Zakai Zeigler, Knecht, Zeigler, Rick Barnes, Baylor Scheierman, Steven Ashworth, Ryan Kalkbrenner, . Tennessee, Greg McDermott, Scheierman, Tobe Awaka, Saint Peter’s, Larry Johnson, pesky, didn’t, Barnes Organizations: DETROIT, Volunteers, Tennessee, Northern Colorado, Vols, Michigan State, Purdue, Gonzaga, Midwest, Baylor, America, Oregon, Northeastern Junior College, San, Boilermakers, ___ Locations: Tennessee, ., . Tennessee, Texas, Akron, Northern, San Diego State

“There are,’’ the Bank of England warns, “more consequences from falling prices than meets the eye.’’What could be so bad about lower prices? It is only now emerging from decades of falling prices that began with the collapse of its property and financial markets in the early 1990s. Mainly because falling prices tend to discourage consumers from spending. Why buy now, after all, if you can purchase what you want — cars, furniture, appliances, vacations — at a lower price later? If consumers were to pull back, en masse, to await lower prices, businesses would face intense pressure to cut prices even more to try to jump-start sales.

Persons: they're, that's, what's, Joe Biden's, ’ ’ Lisa Cook, “, United States hasn’t, Tom Krisher Organizations: WASHINGTON, Federal Reserve's Board of Governors, Bank of England, United, España, Unemployed, Bank of Japan, Fed, Bank for International, AP Locations: America, United States, Japan, Spanish, Detroit

☆ MLB Opening Day: 2024 regular season kicks off in full with Shohei Ohtani cloud looming
▼ + stars: | 2024-03-28 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —Although fans have been treated to a glimpse of MLB action, the 2024 season kicks off in full on Thursday with Opening Day. How to watchThe Opening Day slate of games takes place on Thursday, March 28, with 26 teams taking to the field. The Baltimore Orioles and the Los Angeles Angels kick off the day’s action at 3:05 PM ET at Camden Yards in Maryland. Ohtani cloud overshadows Dodgers startThe majority of the Los Angeles Dodgers offseason was dominated with optimism and talk of a World Series challenge after the acquisition of two-time MVP Shohei Ohtani and pitching phenom Yoshinobu Yamamoto. Ohtani prepares for a pitch during the Dodgers' preseason game against the Los Angeles Angels.

Persons: Tuesday’s Francis Scott Key, Shohei Ohtani, phenom Yoshinobu Yamamoto, Ohtani, Ippei, Mizuhara, Yamamoto, Mookie Betts, Freddie Freeman, Will Smith, Tyler Glasnow, Walker Buehler, Harry, Juan Soto, Soto, Aaron Judge, Giancarlo Stanton, Gerrit Cole, Stanton, Nathan Ray Seebeck, Ronald Acuña Jr, Acuña, Tim Nwachukwu, Wyatt Longford Organizations: CNN, Seoul, Los Angeles Dodgers, San Deigo Padres, MLB, Baltimore Orioles, Los Angeles Angels, Camden, Orioles, Dodgers, ESPN, Los Angeles Times, baseball’s, League, St, Louis Cardinals, Bronx Bombers, New York Yankees, Yankees, San Diego Padres, San, American League, Houston Astros, Judge, Atlanta Braves, Philadelphia Phillies, National League, Braves, NL, Phillies, National, Texas Rangers, Chicago Cubs, Washington Nationals, Cincinnati Reds, San Francisco Giants, Toronto Blue Jays, Tampa Bay Rays, Minnesota Twins, Kansas City Royals, Detroit Tigers, Chicago White Sox, Pittsburgh Pirates, Miami Marlins –, Cleveland Guardians, Oakland Athletics –, Colorado Rockies, Arizona Diamondbacks, Boston Red Sox, Seattle Mariners, Milwaukee Brewers, New York Mets, @ @ @ @ @ @ @ @ @ Locations: South Korea, Camden Yards, Maryland, Seoul, Ohtani, San Diego, Atlanta, Texas

☆ TikTokers want to 'normalize' flying economy, arguing most influencers give way too much prominence to business class
▼ + stars: | 2024-03-28 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

AdvertisementTikTokers are striving to "normalize" flying in economy, fighting back against influencers who make out that first or business class is the only way to travel. "Normalize flying in economy," the content creator Hybee, who covers beauty and lifestyle, wrote as the caption of a recent video. Flying business class wasn't "worth the extra cost" to Elizabeth and her boyfriend, she said, because they would rather spend that money on the actual vacation. Advertisement"Don't let anybody make you feel bad for not flying business or first class, because we're all going to the same place anyway." While some noted that economy travel is already "normalized" because most people do it, others appreciated the candor.

Persons: —, influencers, Hybee, Influencers, Jessica Dante, Elizabeth Organizations: Travel, Service, Air France Locations: London, Detroit, Paris, Japan

More than two years later, only four states — Ohio, New York, Pennsylvania and Hawaii — have opened stations funded by the program. The Biden administration says the federal charging program is on track. The grants will fund 47 EV charging stations and related projects in 22 states and Puerto Rico, including 7,500 charging ports. But even some of the government’s own experts say 500,000 public chargers won’t be enough to meet Biden’s ambitious climate goals. The availability of charging stations is key to persuading Americans to buy EVs.

Persons: Liam Sawyer, Sawyer, ”, Joe Biden, Biden, Shailen Bhatt, “, ” Bhatt, “ We’re, ″, Gabe Klein, Bhatt, Tesla, Mike DeWine, DeWine, Preeti Choudhary, Loren McDonald, you’re, ” ___ Daly, John Organizations: —, Ford, Allegheny National Forest, Pilot Travel, Electric Vehicle Infrastructure, Democrat, Transportation, Walmart, Joint Office of Energy, National Renewable Energy Laboratory, Alternative Fuels Data, Energy Department, Associated Press, NORC, for Public Affairs Research, Energy, Institute, University of Chicago ., Republican Gov, Ohio, Department of Transportation, Public Utilities Commission, “ Locations: Ohio, Indianapolis, Pennsylvania, Columbus , Ohio, London , Ohio, — Ohio, New York , Pennsylvania, Hawaii, U.S, Maine , Vermont, Colorado, Puerto Rico, America, California, Washington, St, Detroit, AP.org

☆ Ford sees opportunity for Mustang as competitors abandon V8 engines
▼ + stars: | 2024-03-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — Ford Motor sees opportunity to grow Mustang sales as it becomes the last American muscle car with a traditional V8 engine, playing to generations of gearheads who've been drawn to the performance vehicles. The optimism comes after Mustang's closest American competitors ended production of their muscle cars in December. Jeff Marentic, general manager of Ford Blue products, which includes the Mustang, said the pony car remains good business for the automaker both domestically and internationally. "For people who are looking for a true American sports car, it's available to them. … We're looking and talking about the future of Mustang, and how far we can grow it."

Persons: gearheads who've, Stellantis, Jeff Marentic, Marentic Organizations: DETROIT, Ford Motor, General Motors, Chevrolet, Dodge Challenger, Ford, CNBC Locations: American

☆ Who can fix Boeing? Here are some potential CEO candidates
▼ + stars: | 2024-03-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

New York CNN —Since its founding by William Boeing more than a century ago, the Boeing Company has had 12 CEOs. What Boeing wants in its new CEOWhen picking a new CEO, the company likely has two pools of choices. Or it can once again pick a leader like outgoing CEO Calhoun, who has a financial background and an undergraduate degree in accounting. Spirit was the only one to comment, but it did not address the possibility of Shanahan becoming Boeing CEO. Culp has an undergraduate degree in economics and an MBA from Harvard, a business background more than an engineering background.

Persons: William Boeing, Dave Calhoun, Calhoun, “, ”, Sir Tim Clark, ” Calhoun, “ It’s, Richard Aboulafia, Pat Shanahan Pat Shanahan, Donald Trump, Shanahan, “ Mr, Joe Buccino, Larry Culp Larry Culp, Jack Welch, Culp, Aboulafia, Kathy Warden Kathy Warden, Northrop Grumman, Northrop, Warden, ” Aboulafia, Mary Barra, Greg Smith Greg Smith, Smith, Alan Mulally Aboulafia, Alan Mulally, Ford, Mulally, It’s, Ron Epstein, ’, Stephanie Pope, Brian West, Pope, West, Elizabeth Lund Organizations: New, New York CNN, Boeing Company, Boeing, Alaska Airlines, Emirates Airlines, CNBC, US Department of Defense, CNN, General Electric, GE Aerospace, GE, Danaher Corp, Harvard, Northrop, General Motors, Barra, American Airlines, Ford, Detroit, GM, DaimlerChrysler, Chrysler, of America, Airplanes, GE Aviation, Services, Boeing Commercial Airplanes Locations: New York, American, Calhoun

☆ NBC News ousts Ronna McDaniel after network’s anchors launch unprecedented on-air rebellion
▼ + stars: | 2024-03-26 | by ( Oliver Darcy | Jon Passantino | ) edition.cnn.com time to read: +6 min

Creative Artists Agency, the talent agency that brokered McDaniel’s deal with NBC, also parted ways with her, the person said. McDaniel, who recently stepped down from the RNC under pressure from former President Donald Trump, was involved in attempts to overturn the results of the 2020 election. NBC’s announcement Friday that it had hired McDaniel was quickly met with alarm by the network’s journalists. Welker disclosed that the interview had been scheduled to take place prior to NBC announcing McDaniel would become a paid contributor for the network, stating that she had no involvement in her hiring. MSNBC president Rashida Jones also did not object to the decision, people familiar with the matter said.

Persons: Ronna McDaniel, Cesar Conde, ”, ” Conde, McDaniel, Donald Trump, Joe Biden, Biden, Kristen Welker, Welker, Chuck Todd, “, ” Todd, Mika Brzezinski, Joe Scarborough, Joe, ” Brzezinski, Joe ’, ” Nicolle Wallace, peddle, ” Wallace, Rachel Maddow, —, ” Maddow, hasn’t, Rebecca Blumenstein, Carrie Budoff Brown, Rashida Jones, Joy Reid, Maddow Organizations: New, New York CNN, NBC, Republican National Committee, News, ” NBCUniversal, CNN, Creative Artists Agency, MSNBC, Peacock Network, RNC, ”, NBC News, Todd, Republicans, NBCUniversal News Locations: New York, Michigan, Detroit

☆ People seeking employment at RNC asked whether they believe the 2020 election was stolen
▼ + stars: | 2024-03-26 | by ( Alayna Treene | Daniel Strauss | ) edition.cnn.com time to read: +4 min

CNN —People seeking employment at the Republican National Committee have been asked in recent job interviews whether they believe the 2020 election was stolen, according to two sources familiar with the questioning. Use of the question comes after the Trump campaign has effectively merged its operations with the RNC. A key focus for the Trump campaign, and newly elected leadership at the RNC, ahead of the 2024 election is election fraud. Much of that focus stems from former President Donald Trump’s dissatisfaction with how the RNC handled claims of election fraud around the 2020 election, multiple sources familiar with the matter said. While chairwoman of the RNC, McDaniel refused to acknowledge that Biden won the 2020 election.

Persons: Trump, Donald Trump’s, “, Danielle Alvarez, Joe Biden, Ronna McDaniel, Nikki Haley, glided, Trump’s, Michael Whatley, Lara Trump –, Chris LaCivita, James Blair, LaCivita, Blair, NBC’s “, ” McDaniel, Lara Trump, Biden, McDaniel Organizations: CNN —, Republican National Committee, RNC, The Washington Post, CNN, Trump, South Carolina Gov, Republican, GOP, – North, – North Carolina GOP, Press, NBC News Locations: West Palm Beach , Florida, – North Carolina, Houston , Texas, United States, Michigan, Detroit

☆ A top Democratic pollster says low primary voter turnout in Chicago is a 'warning sign' for Biden as cities 'need to be an engine of turnout' for his reelection bid
▼ + stars: | 2024-03-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Democratic pollster Celinda Lake said Chicago's low voter turnout last week is a "warning sign." "These cities need to be engines of turnout," she recently told The Chicago Sun-Times. "It's a warning sign for Detroit, where it will matter," she continued. "It's a warning sign for Philadelphia and Pittsburgh." "These cities need to be engines of turnout," she said.

Persons: —, Joe Biden's, Biden, Donald Trump, wasn't, weren't, Tina Sfondeles Organizations: Chicago Sun, Times, Biden, Service, Democratic, Trump, Detroit, Philadelphia Locations: Times . Chicago, Chicago, Cook, Cook County, Atlanta, Detroit, Las Vegas , Milwaukee, Philadelphia, Phoenix, " Illinois, Pittsburgh, Georgia, Pennsylvania

☆ 'America's greatest gift to Israel'
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

As the country's founder and first prime minister, David Ben-Gurion, once declared, "America's greatest gift to Israel was Al Schwimmer." Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

Persons: Danny Schwimmer, They'd, Rina, Al —, David Ben, Gurion, Al Schwimmer, Schwimmer, Bugsy Siegel's, Meyer Lansky, Frank Sinatra, Sinatra, —, Boaz Dvir, Israel —, Danny, Al, I've, Hank Greenspun, Greenspun, Brian, Adolph, Dick Tracy, " Schwimmer, Wing Walker, America, Yehuda Arazi, Arazi, they'd, Schwimmer's, Sam Lewis, Leo Gardner, Milton, Milt, Rubenfeld, Paul Reubens, Herman, Reubens, Bugsy Siegel, Siegel, — Schwimmer, Nathan Liff, Liff, PhotoQuest, Bernarr McFadden, Pat, Ptacek, Rafael Trujillo, Teddy Kollek, Erwin Johnson, Bill Gerson, Gerson, Bud King, Gerson's, Ben, Joel Kimmel, Lewis, Lansky, hadn't, Tommy, Messerschmitts, David, Milt Rubenfeld, Israel, Charlie Winters, Winters, weren't, aren't, America's, Joseph McCarthy, John F, Kennedy, Brian Greenspun, Golda Meir, Bill Clinton Organizations: Israeli Air Force, TWA, Haganah, United Nations, Lockheed Air, Los Angeles Examiner, USC, Getty, US Naval, Schwimmer Aviation, FBI, UN, Customs Service, Palestine . Volunteers, Embassy, Israel, Service Airways, State Department, BI, Pepsi, Zionist, Nazi, Star, American, Avia, Messerschmitt, Pennsylvania State University who's, Las, Sun, Israel Aerospace Industries, IAI, they're, Israeli Locations: Tel Aviv, Israel, Connecticut, Palestine, New York, Copacabana, United States, Hungary, Auschwitz, storages, Arizona, Bridgeport, Rome, Burbank , California, Burbank, Las Vegas, Hawaii, Oahu, Santa Claus, California, Washington, Burbank ., Acapulco, Mexico, it's, Mexico City, Central, South America, Dominican Republic, China, America, Mexican, Panama, Panamanian, Corsica, Oklahoma, Detroit, Suriname, Brazil, Senegal, Casablanca, Sicily, Catania, Europe, Czechoslovakia, Czech, Egypt, Cairo, Los Angeles, American, Gaza, Iran

☆ Snowstorm across Plains and Midwest brings heavy snow and blizzard conditions
▼ + stars: | 2024-03-24 | by ( Robert Shackelford | Elizabeth Wolfe | ) edition.cnn.com time to read: +4 min

CNN —A powerful winter storm is pummeling parts of the Central Plains with blizzard conditions and is set to drop a blanket of snow from Colorado to Minnesota through Tuesday, threatening widespread power outages and treacherous road conditions. Blizzard warnings extend from northern Colorado and Kansas into parts of Minnesota, Nebraska and South Dakota on Monday. Amy Forliti/APLast week, a storm dumped snow from the northern Plains to the Northeast. Many power lines were grounded across Maine after the storm blew through, according to Central Maine Power. The event increased the likilihood of seeing the Aurora Borealis in parts of the Pacific Northwest, Northern Plains, Great Lakes and interior Northeast overnight Sunday.

Persons: Amy Forliti, King Salmon, CNN’s, Samantha Beech, Nic F, Anderson Organizations: CNN, National Weather Service, Dakotas, Central Maine Power, Geological Survey, Geophysical Institute of Alaska, Prediction Locations: Plains, Colorado, Minnesota, Midwest, Great Lakes, Colorado and Kansas, Minnesota , Nebraska, South Dakota, Upper Midwest, Nebraska, North Platte, New Mexico, Wisconsin, Como, St, Paul , Minnesota, Maine , New Hampshire, Vermont, Maine, New Hampshire, New York, Aurora, Pacific Northwest, Northern Plains, Seattle, Chicago , Minneapolis, Detroit, Milwaukee, Buffalo, Portland, Alaska, Utqiaġvik, Kodiak, King

☆ An Arms Smugger, a Daring Heist, and the Birth of Israel
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. "It went against the grain to buck the same government we had fought to preserve only a few years before," Hank Greenspun recalled. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

☆ Former RNC chair McDaniel calls January 6 Capitol attack ‘unacceptable’ after years of deflection
▼ + stars: | 2024-03-24 | by ( Casey Gannon | ) edition.cnn.com time to read: +3 min

CNN —Former Republican National Committee chairwoman Ronna McDaniel on Sunday called the January 6, 2021, attack on the US Capitol “unacceptable” after years of deflecting on the issue. McDaniel, who is joining NBC News as a political analyst after exiting the RNC earlier this month, told the outlet that the Capitol riot “doesn’t represent our country. It certainly does not represent my party.”“We should not be attacking the Capitol; we should not be having violence,” she added. Asked why she didn’t offer such condemnation as RNC chairwoman, McDaniel responded, “When you’re the RNC chair, you kind of take one for the whole team. McDaniel acknowledged Sunday that Biden won the 2020 election “fair and square” even as she voiced concern over “issues” with the vote.

Persons: Ronna McDaniel, McDaniel, ”, Donald Trump, Trump, “, Michael Whatley, Lara Trump, ” McDaniel, Joe Biden, Biden, we’ve, … we’ve, ” CNN’s Oliver Darcy, Kaitlan Collins, Daniel Strauss, Michelle Shen, Avery Lotz Organizations: CNN, Former Republican National, Capitol, NBC News, RNC, GOP, Trump, ”, NBC, ” The Michigan Department, Michigan Locations: Michigan, Detroit

☆ Hybrid cars now have 'very few compromises' says Ford executive — and sales are booming
▼ + stars: | 2024-03-23 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Sales growth for hybrid cars is outpacing growth for electric vehicles this year. AdvertisementIt's shaping up to be a comeback year for hybrid cars — and that's partly because they're now nearly as good as their conventional vehicles, according to a Ford executive. Frick's comments come as demand for hybrid vehicles soars, partly due to drivers' worries about charging electric cars. AdvertisementFreedom of choiceThe hybrid Maverick starts at about $25,300 — some $1,500 more than the gas version. About 60% of those buying a hybrid Maverick are first-time Ford customers, product development operations chief Jim Baumbick previously told Business Insider.

Persons: Ford, Ford's Andrew Frick, —, they're, Andrew Frick, Morgan Stanley, Jim Baumbick Organizations: Service, Ford, Wall, Buyers, Cox Automotive, Toyota Prius, BI Toyota, EV, Toyota, White House Locations: Detroit, Edmunds

☆ What investors should know about the U.S. easing vehicle emissions rules
▼ + stars: | 2024-03-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

President Joe Biden speaks at the United Auto Workers political convention at the Marriott Marquis in Washington, D.C., Jan. 24, 2024. The new Environmental Protection Agency rules released Wednesday aim to cut tailpipe emissions by 49% between model years 2027 and 2032. The EPA set a target for EVs to make up at least 35% of new vehicle sales by 2032. The EPA's new strategy for cutting tailpipe emissions doesn't focus only on EVs. The EPA's percentage targets for EV adoption are not mandates but expectations for how automakers could meet the emissions regulations.

Persons: Joe Biden, Saul Loeb, Biden, Emmanuel Rosner, Mary Barra, Ngan, John Bozzella, Stocks, Tesla, weren't, Chelsea Hodgkins, Martin Viecha, Chris Kapsch, Morgan Stanley, Adam Jonas Organizations: United Auto Workers, Marriott Marquis, Washington , D.C, AFP, Getty, DETROIT, Environmental Protection Agency, EPA, EV, Detroit Automotive, Wall Street, Detroit, General Motors, Ford Motor, Chrysler, capex, Deutsche Bank, Chevrolet Silverado, Huntington Place Convention, Afp, Alliance for Automotive Innovation, United Auto Workers union, UAW, Toyota, Public Citizen, Sierra Club, Democratic, GM, Ford Locations: Washington ,, Detroit , Michigan, U.S, Detroit, Michigan

☆ 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

☆ At Oakland University, Students and Alumni Bask in the N.C.A.A. Spotlight
▼ + stars: | 2024-03-22 | by ( Anna Betts | Ryan Patrick Hooper | ) www.nytimes.com time to read: +1 min

Before Thursday night, if you were not familiar with Oakland University, you were not alone. Tournament, were asking if “that Oakland was in California” or the Michigan suburb of Rochester. “If people didn’t know who the Oakland University Golden Grizzlies were before last night, they surely know now,” Mr. Hendley said. For all but perhaps close followers of the university, a brief introduction may be in order: It was created in 1957 through a donation to establish a satellite location for Michigan State University. At first, the campus was known as Michigan State University-Oakland, but in 1970, Oakland became an independent university.

Persons: John Hendley, Melissa, Mr, Hendley Organizations: Oakland University, Oakland, reveled, Oakland University Golden Grizzlies, Michigan State University, Michigan State University - Oakland Locations: Detroit, California, Michigan, Rochester, Florida, Oakland

☆ NBC hires former RNC chair Ronna McDaniel, who has demonized the press and refused to acknowledge Biden was fairly elected
▼ + stars: | 2024-03-22 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

In her role as RNC chief, McDaniel also fanned the flames of election denialism after the 2020 presidential contest. McDaniel told the officials, regarding the certification: “Do not sign it. I don’t think that’s election denying,” McDaniel told Wallace. We have every right to look at that.”In the interview, Wallace pressed McDaniel if she believed Biden legitimately won the election. Ultimately, he won the election but there were lots of problems with the 2020 election,” she said.

Persons: Ronna McDaniel, ” Carrie Budoff Brown, McDaniel, Donald Trump, Richard Engel, “, he’s, ” McDaniel, ”, Joe Biden, CNN’s Chris Wallace, Wallace, “ I’m, I’m, That’s, that’s, Biden, peddle, Trump’s, Rachel Maddow Organizations: CNN, NBC, Republican National, NBC News, RNC, MSNBC, NBC News ’, ” The Michigan Department, Michigan, Trump, Republican, CNBC Locations: Michigan, Detroit, Wayne County

☆ Chrysler parent Stellantis laying off 400 salaried U.S. workers due to 'unprecedented uncertainties'
▼ + stars: | 2024-03-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021. DETROIT — Stellantis is laying off roughly 400 salaried employees in the U.S. in its engineering, technology and software units to cut costs as the automaker faces what it calls challenging market conditions. Stellantis on Friday said the layoffs would affect about 2% of employees in those units "after rigorous organizational reviews." Stellantis employed 11,800 U.S. salaried employees as of the end of last year. A source familiar with the actions confirmed it at about 400 workers, a number first reported Friday by The Wall Street Journal.

Persons: Stellantis, Carlos Tavares Organizations: FCA Headquarters, Technology Center, DETROIT, Wall Street, Fiat Chrysler, French, PSA Groupe Locations: Auburn Hills , Michigan, U.S

☆ EPA issues new auto rules aimed at cutting carbon emissions, boosting electric vehicles and hybrids
▼ + stars: | 2024-03-20 | by ( ) www.cnbc.com time to read: +8 min

Kevin Lamarque | ReutersThe Biden administration announced new automobile emissions standards Wednesday that officials called the most ambitious plan ever to cut planet-warming emissions from passenger vehicles. The rules come as sales of electric vehicles, which are needed to meet the standards, have begun to slow. The agency is finalizing the rule as sales of clean vehicles, including plug-in hybrid and fully electric vehicles, hit record highs last year. At the same time, the Democratic president needs cooperation from the auto industry and political support from auto workers, a key political voting bloc. White House press secretary Karine Jean-Pierre said Tuesday that White House officials "don't have any concerns" about the final EPA rule.

Persons: Joe Biden, Kevin Lamarque, Michael Regan, Regan, Biden, Karine Jean, Pierre, ″, we're, Manish Bapna, Amanda Leland, Dan Becker, Donald Trump, Becker, Trump, Biden's Organizations: Detroit Auto, Reuters, Biden, Environmental Protection Agency, EPA, Democratic, United Auto Workers union, White, Natural Resources Defense, Environmental Defense Fund, Center for Biological Diversity Locations: America, Detroit , Michigan, EVs, Detroit, China

☆ 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

Ten nonprofits serving young people in Detroit will get an unusual, lasting gift as part of a campaign started by Lisa Ford and her husband, Bill Ford, the executive chairman of Ford Motor Co. Endowments are funds a nonprofit can invest and the annual financial returns from those investments can go into the nonprofit’s budget. Detroit-area nonprofits may apply in June, when Michigan Central Station will reopen, and ten selected organizations will each receive $500,000 to launch an endowment. The Children's Foundation will manage the nonprofits’ endowments and offer them guidance and technical support over two years. Lisa Ford said the idea for creating endowments for youth nonprofits evolved out of their commitment to supporting a robust and vibrant future for the city and the automotive industry.

Persons: Lisa Ford, Bill Ford, ’ ”, Andrew Stein, ”, ” Ford, Todd Ely, Ely, ” Ely, Meadow Didier, Stein Organizations: Ford Motor Co, Children’s Foundation, Michigan Central, Children’s Hospital of Michigan, Harvard, Foundation, Children’s, Endowments, Internal Revenue Service, University of Colorado, Nonprofit Finance Fund, Children's, Ford, Associated, Lilly Endowment Inc, AP Locations: Detroit, Michigan, University of Colorado Denver

CALGARY, Alberta (AP) — Alex Ovechkin scored twice and became the third player in NHL history to have at least 20 goals in 19 consecutive seasons as the Washington Capitals beat the Calgary Flames 5-2 on Monday night. The 38-year-old Ovechkin had two power-play goals in the second period as Washington won its third straight game. He was the spark we needed tonight.”The Capitals have been helped in their playoff chase by a rejuvenated power play. “ ... It’s on the penalty kill guys have to do a better job, myself right up there.”Calgary was 0 for 3 on the power play. For me, that was the difference in the game,” Calgary coach Ryan Huska said.

Persons: — Alex Ovechkin, Ovechkin, Gordie Howe, Brendan Shanahan, ”, Spencer Carbery, “, ” Dylan Strome, Hendrix Lapierre, Tom Wilson, We’re, Kevin Rooney, MacKenzie Weegar, Charlie Lindgren, Dustin Wolf, Wolf, Max Pacioretty, John Carlson, ” Wolf, — Wayne Gretzky, ” Lapierre, we’re, Lapierre ’, —, ” Rooney, It’s, Ryan Huska, ” Jacob Markstrom, ___ Organizations: Washington Capitals, Calgary Flames, Washington, Eastern Conference, Capitals, Calgary, The Flames, Flames, NEXT, Toronto, Vancouver Locations: CALGARY, Alberta, ” Washington, Detroit, Washington, Pacioretty, Calgary

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