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☆ GM's Wall Street vindication is happening as it outperforms its peers in 2024
▼ + stars: | 2024-11-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is proving it's a standout among automakers this year as it continues to consistently outperform Wall Street's earnings expectations and its competitors. For the most part, GM stock has traded in lockstep with Ford due to their histories and the cyclical nature of the automotive industry. Ford stock is off 10% as of Friday's close. Others, including Ferrari , which has been among Wall Street's top auto performers, are also trailing GM. Shares of GM under Barra, who started leading the automaker in January 2014, have been lackluster for investors for most of her tenure.

Persons: Mary Barra, Jeff Kowalsky, John Murphy, Wall, it's, Donald Trump, Elon Musk Organizations: General Motors Co, Bloomberg, Getty, DETROIT —, Detroit, Rivian, BofA Securities, GM, Ford Motor, Chrysler, General, Ford, Ferrari, Tesla, U.S, Trump . General Motors, Hyundai, Toyota, Honda, Volkswagen, Nissan, Barra Locations: Detroit , Michigan, U.S, lockstep

☆ Trump critic turned ally JD Vance elected vice president, offering glimpse at GOP’s potential future
▼ + stars: | 2024-11-06 | by ( Eric Bradner | Alison Main | ) edition.cnn.com time to read: +12 min

From JD Vance Vance and his grandmother Bonnie, whom he called “Mamaw.” From JD Vance Vance poses for a portrait near the US Capitol in January 2017. Astrid Riecken/The Washington Post/Getty Images Vance appears on “Late Night with Seth Meyers” in March 2017. Gaelen Morse/Bloomberg/Getty Images Trump watches as Vance speaks at a rally in Youngstown, Ohio, in September 2022. Scott Olson/Getty Images Vance watches Trump speaks to the media at Manhattan Criminal Court in New York in May 2024. Jeff Kowalsky/AFP/Getty Images Vance speaks to the media in Atlanta after the CNN presidential debate between Trump and President Joe Biden in June 2024.

Persons: Ohio Sen, JD Vance, —, Donald Trump’s, Vance, Trump, Usha Vance —, ”, “ America’s Hitler, Brenna, Bernie Moreno, Donald Trump's, Will Lanzoni, CNN He’s, Mike Pence, Joe Biden, Democratic Sen, Elizabeth Warren of, Vance Trump, Donald Trump Jr, Tucker Carlson, Florida Sen, Marco Rubio, Doug Burgum, Bonnie Vance, Lindsey, James, JD Vance Vance, Bonnie, Astrid Riecken, Seth Meyers ”, Lloyd Bishop, NBCUniversal, Sen, Rob Portman, Jeffrey Dean, Drew Angerer, Matt Gaetz, Marjorie Taylor Greene, Justin Merriman, Julia Nikhinson, Reuters Vance, Gaelen Morse, Jeff Swensen, Vivek, Usha, Ewan, Tim Ryan, Andrew Spear, Mitch McConnell, Markwayne Mullin, Ted Budd, McConnell, Katie Britt, Eric Schmitt, Graeme Sloan, AP Vance, Al Drago, Michael Swensen, Sherrod Brown, “, ” Vance, Jabin Botsford, Mandel Ngan, Scott Olson, Spencer Platt, Jeff Kowalsky, Eva Marie Uzcategui, Brenna Bird, CNN Vance, Tim Walz, ” Will Lanzoni, Mike DeWine, ” DeWine, Kamala Harris —, Roe, ” Weeks, CNN’s Dana Bash Organizations: CNN, Republican, Trump, GOP, Marine Corps, Ohio State University and Yale Law School —, Fox News, Ohio’s Senate, Convention, Democratic, Republican National Convention, Trump’s, North Dakota Gov, Capitol, Washington Post, Senate, Republican Senate, Bloomberg, Getty, Reuters, Ohio, Fair, Mirabel, US, Sipa, AP, Senate Commerce, Science, Transportation, Palestine Fire Department, Conservative Political, Conference, Manhattan Criminal, Getty Images, CBS Broadcast Center, Ohio Gov, Republican Party, Democratic Party Locations: Ohio, Trump’s, Ohio’s, New York, Milwaukee, Ukraine, Elizabeth Warren of Massachusetts, Butler , Pennsylvania, Lago, Florida, Middletown , Ohio, Delaware , Ohio, Newark , Ohio, Greensburg , Pennsylvania, Columbus, Youngstown , Ohio, Batavia , Ohio, Vandalia , Ohio, Cincinnati, Columbus , Ohio, East Palestine , Ohio, East Palestine, National Harbor , Maryland, AFP, Detroit, Atlanta, West Palm Beach , Florida, Springfield , Ohio

☆ What a potential Harris administration could actually do to protect abortion access
▼ + stars: | 2024-11-01 | by ( Annie Nova | ) www.cnbc.com time to read: +8 min

Democratic presidential nominee Vice President Kamala Harris speaks during a campaign rally at Shell Energy Stadium in Houston, Texas, Oct. 25, 2024. But what could Harris actually do to support abortion access in a post-Roe landscape? Even so, she said, a Harris administration could increase the availability of medication abortions and, crucially, it could fight Republican and activist attempts to further limit reproductive rights. A Harris administration would not enforce the Comstock Act, a controversial federal law passed in 1873 that bans the mailing of obscene matter. "A Harris administration wouldn't be able to change what the Supreme Court is saying, but it could de-prioritize those prosecutions," Ziegler said.

Persons: Kamala Harris, Justin Sullivan, Roe, Wade, Harris, Republican Donald Trump, Alina Salganicoff, Salganicoff, Donald Trump, Olivier Douliery, Mary Ziegler, Ziegler, it's, Jonathan Ernst, Reuters Harris, Kevin Wang, Comstock, wouldn't, Biden, Jeff Kowalsky Organizations: Democratic, Shell Energy, Getty, White, NBC, Republican, Trump, New York Times, Republicans, Washington , D.C, Afp, Wisconsin Public Radio, Supreme, Reuters, Guttmacher Institute, Wisconsin's Madison South Health Center, U.S . Department of Justice, DOJ, Labor, Northwest Activities Center, AFP Locations: Houston , Texas, U.S, Washington, Women's, Washington ,, KFF, Detroit

☆ Alex Jones fighting attempt to sell his social media account rights in Infowars auction
▼ + stars: | 2024-10-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

U.S. Bankruptcy Judge Christopher Lopez in Houston said a proposed order regarding the potential sale of the social media accounts that preserved Jones’ right to sue over ownership later was unclear, and tentatively scheduled another hearing in a week. Despite the pending loss of his company, Jones has vowed to continue his talk shows through other means, possibly including a new website and his personal social media accounts. He also has suggested that Infowars’ assets could be bought by his supporters, allowing him to continue hosting his show as an employee under the Infowars brand in the company’s home city of Austin, Texas. The trustee argued that social media accounts of influencers, celebrities and political personalities have become valuable assets, and that Jones’ accounts have drawn particular interest from multiple parties in buying them. If sold, Jones’ attorneys said litigation would depend on who purchased them.

Persons: Alex Jones, Sandy, Jones, Christopher Murray, Christopher Lopez, ” Lopez, “, Jeff Kowalsky, ”, ” Jones, ” Vickie Driver, ” Driver, Sandy Hook, Jones ’ Organizations: Elementary, Free Speech Systems, Infowars, Convention, Huntington, Getty, Alex Jones NWO Locations: Infowars, Houston, Detroit, Mich, AFP, Austin , Texas, Newtown , Connecticut, Texas and Connecticut

☆ Maine shooting survivors claim Army negligence and FDA's weight-loss drug decision: Morning Rundown
▼ + stars: | 2024-10-15 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

Supporters of then-President Donald Trump bang on glass where election absentee ballots are counted at Detroit's TCF Center on Nov. 4, 2020. Jeff Kowalsky / AFP via Getty Images fileNearly four years later, the mayhem at the TCF Center is burned into the minds of many election officials, lawyers and poll watchers. An NBC News investigation can now report the extent of the Republican Party and Trump campaign’s involvement in the TCF Center ordeal in 2020. ➡️ Former President Bill Clinton said the election will come down to whether there is a fair and transparent vote tally. ➡️ House Speaker Mike Johnson predicts the election will reflect “a demographic shift” showing larger blocs of voters helping elect Republicans.

Persons: Donald Trump, Trump, “, Jeff Kowalsky, ➡️ Harris, ”, Harris, ➡️, Bill Clinton, Mike Johnson, Robert Card, Card’s, Lilly’s, Mounjaro, wouldn’t, Eli Lilly, Bao Li, Qing Bao —, Jimmy Chin, — Elizabeth Robinson, Elizabeth Robinson Organizations: FDA, Trump, Democrat, TCF Convention, Detroit's TCF Center, Getty, TCF Center, NBC, Republican Party, RNC, Democratic, of Defense, Army, Keller Army Community Hospital, Secret Service, Zoo, Canada, Indiana, ”, Geographic, Ikea Locations: Detroit, AFP, Michigan, Erie , Pennsylvania, Maine, U.S, Lewiston , Maine, West Point , New York, North Carolina, China, Irvine, Everest

☆ AOC's attack on Teamsters leadership shows just how much unions are going to matter in the presidential election
▼ + stars: | 2024-09-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Rep. Alexandria Ocasio-Cortez was none too pleased with the Teamsters' non-endorsement and expressed her dissatisfaction with the leadership of Sean O'Brien, the union's president. Advertisement"When the Teamsters are in trouble, who do they call when we need to make sure that Teamsters pensions are bailed out? Ocasio-Cortez's remarks reveal just how much unions will matter in this election — especially with organizing and turnout efforts. Vice President Kamala Harris has rallied hard for union support since she launched her presidential campaign. AdvertisementThe tug of war for union support reflects the high stakes for both candidates, particularly in the Upper Midwest, where organized labor has long been a robust political force.

Persons: —, Kamala Harris, Donald Trump, Biden, Alexandria Ocasio, Cortez, Sean O'Brien, Sean O'Brien's, CNN's Manu Raju, O'Brien, Harris, Trump, couldn't, O'Brien's, Tim Walz, Walz, Just, let's, Wisconsin —, James P, Hoffa, JEFF KOWALSKY, Getty Images Trump Organizations: Service, Teamsters, Business, New York Democratic, CNN, Congressional, Trump, Democratic, O'Brien's CNN, Minnesota Gov, New, Wisconsin, Getty Images, White Locations: Alexandria, Ocasio, Cortez, Michigan , Nevada, Pennsylvania, Harris, New York City, —, Michigan, Midwest, AFP, Upper Midwest, Michigan , Pennsylvania, Wisconsin

WASHINGTON — As president, Donald Trump slashed a lucrative tax break enjoyed by coastal donors and suburban swing-state voters. What shifted more than the economy is Trump's needs, said Caroline Bruckner, managing director of American University's Kogod Tax Policy Center. The reversal is one of a flurry of freebies that Trump and his rival, Vice President Kamala Harris, are offering voters in the stretch run before Election Day. Trump’s proposal to repeal the SALT cap, which is set to expire next year if Congress takes no action, would reduce federal revenue by $1.2 trillion over a decade, according to CRFB’s estimate. But many voters in those counties would stand to benefit considerably from a repeal of the SALT cap.

Persons: Donald Trump, he's, Trump, ransoming, Caroline Bruckner, Bruckner, Kamala Harris, Peter Zay, Harris, She’s, “, ”, Charlie Dent, ” Dent, ” Donald Trump, Jeff Kowalsky, Marc Goldwein, ” Goldwein, ” Harris, —, Donald Trump won’t, James Singer, Joe Biden’s, I’ve, it’s, Mark Cuban, Jackson, Biden —, Dent Organizations: WASHINGTON, Trump, Getty, Social, Foundation, Social Security, Democratic, CNBC, Tax Foundation, NBC News, Tax Locations: Washington, Anadolu, AFP, South Carolina, Mississippi, Harris, Manhattan, San Francisco, Silicon, Valley , Idaho, Aspen , Colorado, , Wyoming, Westchester County , New York, Fairfield County , Connecticut, Maricopa County, Arizona's, Philadelphia, Wilmington , Delaware, Montgomery, Chester, Delaware, Allegheny County

“She ‘A.I.’d’ it, and showed a massive ‘crowd’ of so-called followers, BUT THEY DIDN’T EXIST!” Mr. Trump wrote on his social networking site, Truth Social. extent of rally crowd Hangar Graphic by The New York Times; aerial image by NearMapCrowd size is often a point of comparison between candidates, but Mr. Trump has now given it more intense focus. Some attendees waited for Ms. Harris’s arrival on elevated platforms that gave them a higher vantage point, but a majority stood on the floor. Brittany Greeson for The New York Times8:05 PM Camera viewpoint Attendees crowded near the stage as Ms. Harris spoke. Before Ms. Harris’s rally, Mr. Trump had already been focused on comparing crowd sizes at her rallies with those at his own.

Persons: Kellen Browning, Donald J, Trump, Kamala Harris, Trump’s, Harris, Julia Nikhinson, Tim Walz, Brittany Greeson, Jeff Kowalsky, Harris’s, Chuck Callesto, Mr, Callesto, Laura Loomer, Joe Hoft Organizations: New York Times, Detroit Rally Former, The New York Times, Michigan, Air Force, Agence France, Getty, Detroit Metro Airport, Trump, Mr Locations: Detroit, ”, —

☆ Kamala Harris needs to win over her doubters and detractors, analysts say — and soon
▼ + stars: | 2024-07-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Vice President Kamala Harris speaks during a political event at the Air Zoo Aerospace & Science Experience in Portage, Michigan, on July 17, 2024. Jeff Kowalsky | AFP | Getty ImagesThe pressure is on Vice President Kamala Harris to turn around her political fortunes and win the Democratic Party's nomination, analysts say, after U.S. President Joe Biden dropped out of the presidential race. "I'm not saying it's going to be easy for Kamala Harris ... but I do think we have to give her the opportunity to be the candidate," he noted. "The vice presidential role, by its very definition, is very much behind the scenes, playing second fiddle to the president. The "Biden for President" campaign committee has officially been renamed the "Harris for President" committee, affording Harris the use of Biden team's infrastructure, staff and its $98 million in cash reserves.

Persons: Kamala Harris, Jeff Kowalsky, Joe Biden, Harris, Donald Trump, Sen, JD Vance, Lew Lukens, I'm, she's, Lukens, CNBC's, Biden, they're, Inderjeet Parmar, Parmar, Kamala, Xavier Becerra, Jonathan Ernst, Bill Clinton, Hillary Clinton, hasn't, Barack Obama, Nancy Pelosi, Allan Lichtman, Lichtman Organizations: Air Zoo Aerospace, Science, AFP, Getty, Democratic, U.S, Signum Global Advisors, CNBC, Politics, City , University of London, Republicans, White, Reuters, Republican, NBC, Trump, Democratic National Convention, Democratic Party, American University, Biden Locations: Portage , Michigan, America, U.S, California, Mexico, Washington , U.S, Chicago

☆ Pence’s ordeal isn’t deterring Trump’s potential ticket mates
▼ + stars: | 2024-06-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Former Vice President Mike Pence at the US Capitol on May 16, 2024. This despite history suggesting that, at some point in their potential mandate, a possible President Trump might ask them to so something that tests their consciences, the law or the Constitution. The attractiveness of the vice presidential nomination may reflect Trump’s magnetism and the heady euphoria of being a key player in the “Make America Great Again” movement. He has also made clear to Trump that he wouldn’t have adopted Pence’s interpretation of the constitutional limits on vice presidential powers. Burgum has taken a classic route of parlaying an unsuccessful presidential campaign into a spot in the vice presidential derby.

Persons: Donald Trump’s, didn’t, Mike Pence, Ohio Sen, J.D, Doug Burgum, Florida Sen, Marco Rubio, Marco Rubio , South Carolina Sen, Tim Scott, Elise Stefanik, Arkansas Sen, Tom Cotton, Byron Donalds, Ben Carson, Trump, he’s, Pence, Kent Nishimura, —, there’s, MAGA, Vance, MAGA protégé, ”, Sen, Jeff Kowalsky, he’d, CNN’s Kaitlan Collins, wasn’t, Joe Biden’s, “ I’m, Mike Pence’s, ” Vance, wouldn’t, Rubio, Burgum, Justin Lane, Biden, Trump’s, “, who’s, you’re, Jim Watson, can’t, Kristi Noem, Noem Organizations: CNN, GOP, Republican National Convention, Vance , North Dakota Gov, Tim Scott , New York, Florida Rep, Urban, Capitol, Republican, Trump, Republicans, West Wing, Fox News, Getty, The Ohio Republican, Electoral College, ABC News, North, North Dakota Gov, New, Press, Dakota Gov, ”, South Locations: Vance , North, Florida, Marco Rubio , South Carolina, Tim Scott ,, Arkansas, Huntington, Detroit , Michigan, AFP, Pennsylvania, Georgia, “, parlaying, Indiana, North Dakota, boardrooms, New York City, New York, Washington, West Palm Beach , Florida, “ State, Wisconsin, South Dakota

☆ U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
▼ + stars: | 2024-05-06 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

China was once a profit engine for GM, and its top sales market from 2010 to 2023. GM revealed several vehicles last week in China, including plug-in hybrid versions of its Buick GL8 minivan, a best-seller in China, and the Chevrolet Equinox crossover. "We think clearly that market has shifted and the landscape has shifted … with the capability of the Chinese [automakers]," Barra said. But it has had to aggressively cut prices to compete against Chinese automakers such ay BYD, Nio and others. Stellantis CEO Carlos Tavares earlier this year called Chinese automakers his company's "No.

Persons: Mary Barra, Jeff Kowalsky, we're, Barra, Paul Jacobson, GM wasn't, John Murphy, Michael Dunne, Dunne, Mark Fulthorpe, They'll, they've, Tesla, lockdowns, Elon Musk, Tingshu Wang, Reuters Tesla, Morgan Stanley, Adam Jonas, Musk, Junheng Li, Stellantis, Carlos Tavares, Zhu Jiangming, We've, We're, Ford, John Lawler, Lawler Organizations: General Motors Co, Bloomberg, Getty, General, GM, U.S, Chevrolet, SAIC, GM Pan, Asia Automotive Technology Center, Nurphoto, PSA Groupe, Chrysler, EVs, GM's, Buick, Wuling Motors, Motors, Bank of America Securities, China, Hummer, Durant Guild, America's, Detroit, P Global Mobility, Ford Motor, Tesla, Reuters, EV, Baidu, Warren Capital, Ford, Guangzhou Automobile Group, India & Asia, Lincoln, Lincoln Nautilus Locations: Detroit , Michigan, China, Barra, Beijing, Asia, Shanghai, Russia, India, Thailand, Australia, North America, South Korea, Brazil, Europe, GM's U.S, Qingdao, East China's Shandong, Indonesia, U.S, Nio, Greater China, South America

☆ 'Our community has never had this much power': How Dearborn became the epicenter of Biden's 2024 headaches over Israel
▼ + stars: | 2024-04-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

"It might be the driving force behind the movement, but it's much bigger than Palestine," said Lexis Zeidan, another Uncommitted movement leader. Bryan MetzgerBut while the Arab American community is particularly concentrated in the Detroit area, with implications for 2024 in a closely-watched swing state, there are plenty of Arab American voters scattered in competitive states around the country. But the key to the movement's ongoing success has been coalition-building with other communities, including African American voters, young voters, and progressive Jewish voters. Organizers with the Listen to Michigan campaign following election results during a watch party in Dearborn, Michigan on February 27, 2024. After founding the Arab American Institute in Washington, DC in 1985, he and others worked in the intervening decades to build up Arab American power.

Persons: —, Abdullah Hammoud, Dearborn, it's, Joe Biden's, Bryan Metzger Layla Elabed, Abbas Alawieh, Ann Arbor, Layla, Alawieh, Biden, Nikki Haley, Donald Trump's, Trump, Rashida Tlaib, We've, Bryan Metzger, James Zogby, Andy Levin, who's, Jesse Jackson's, Jackson, Jeff Kowalsky, Hammoud, there's, – Organizations: Service, Business, Democratic, Israel . Movement, Israel, Dearborn, Muslim, Palestinian American, Arab American Institute, African American, Jewish, Arab, Getty, Arab American Institute in, what's, Michigan Muslim Locations: Dearborn , Michigan, United States, Gaza, Dearborn Heights, Hamtramck, Dearborn, Michigan, Ann, Palestine, America, Yemenis, Arab, Detroit, Florida, Virginia, Pennsylvania, AFP, Arab American Institute in Washington , DC

☆ 'Uncommitted' Democrats may dump Biden over the war in Gaza. They say it's not their fault if Trump wins.
▼ + stars: | 2024-04-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +15 min

AdvertisementFor the leading voices in the uncommitted movement, that's missing the point — and it's insulting. The "Listen to Michigan" campaign was originally conceived in a memo drafted by Waleed Shahid, a progressive strategist and former spokesman for the left-wing group Justice Democrats. "There is an entire menu of things that President Biden could do to move in the direction of discontinuing the funding of the killing," he said. What uncommitted voters are ultimately looking for is a sense of seriousness and clarity that they feel has been lacking from Biden. Uncommitted movement organizers do not seem to be taking glee in embarrassing Biden.

Persons: Joe Biden, Biden, Layla Elabed, Abbas Alawieh, Donald Trump, Mitch Landrieu, uncommitted, Trump, Abdullah Hammoud, Waleed Shahid, Jeff Kowalsky, Rashida Tlaib, —, Cori Bush, Missouri —, Elabed, Mayor Hammoud, that's, Hammoud, haven't, I've, James Zogby, We're, Alawieh, Benjamin Netanyahu's, Andy Levin, Zogby, Ronald Reagan, Menachem Begin, Seth Meyers, he's, Benjamin Netanyahu Organizations: Service, Democratic, Democratic National Convention, United Nations Relief, Works Agency, Dearborn, Biden, Movement, Michigan, Democrats, Getty, Democratic Party, Trump, Arab American Institute and, Union, UN, Democrat, Israel Locations: Gaza, Detroit, Michigan, Israel, American, United States, Dearborn, AFP, Missouri, Dearborn Heights, Hamtramck, —, Biden's, Arab, Chicago, Paterson, Rafah, Beirut, New York

James Crumbley is set to be sentenced on April 9 at 9 a.m., the judge said in court. James Crumbley was shackled and escorted out of the courtroom after the verdict was read and affirmed by each juror. Nicole Beausoleil, the mother of Madisyn Baldwin, reacts to the jury's verdict in the trial of James Crumbley on March 14, 2024. In Michigan, a parent has a legal duty and James Crumbley did not meet that duty,” she said. “James Crumbley was presented with the easiest, most glaring opportunities to prevent the deaths of these four students, and he did nothing,” McDonald said.

Persons: James Crumbley, Crumbley, Ethan Crumbley, Jennifer Crumbley, ’, Nicole Beausoleil, Madisyn Baldwin, Bill Pugliano, Hana St, Juliana, Justin Shilling, Karen McDonald, “ James Crumbley, Mariell Lehman, “, James, ”, McDonald, Robin Buckson, Jennifer Crumbley’s, Jeff Kowalsky, Ethan, ‘, Craig Shilling, Justin Shilling’s, ” Shilling, Steve St, Hana, Buck Myre, Tate Myre’s, it’s, ” Myre, we’ve, Madisyn, ” Beausoleil, James Crumbley’s, Karen, SIG Sauer, Derringer, Prosecutors, Lehman, “ James, Shawn Hopkins, Tate Myre, ” McDonald, ” Lehman Organizations: CNN, Sauer, Oxford High School, Detroit, Prosecutors, Getty, Oxford, Mental, SIG, SIG Sauer, WXYZ, Oxford High, CNN Prosecutors Locations: Michigan, Oakland, AFP, United States, Hana St, Oxford , Michigan

☆ A look into Michigan’s economic prospects as automotive jobs see a decline
▼ + stars: | 2024-02-27 | by ( Chris Isidore | Tami Luhby | ) edition.cnn.com time to read: +11 min

Jobs in the state’s auto plants, parts factories and corporate offices shrank by 35% since 1990, according to figures from the Bureau of Labor Statistics. And those jobs make up only 3.7% of the jobs in the state, roughly half what it was in 1990. Some of the auto jobs disappeared because of automation. “But it is still the cornerstone of the Southeast Michigan economy. The categories understate the importance.”But other segments of the Michigan economy now rival autos.

Persons: –, Stellantis, Jeff Kowalsky, Patrick Anderson, “ I’m, ” Anderson, Brian Peters, Peters, ” Peters, Anderson, Bill Pugliano, Gretchen Whitmer, Whitmer, there’s, ”, Monique Stanton, Stanton, ” Stanton, Matthew Hatcher, Donald Trump, Joe Biden Organizations: New, New York CNN, Republican, Democratic, Bureau of Labor Statistics, Motors, Ford, Fiat Chrysler —, GM, Fiat Chrysler, Getty, Anderson Economic Group, Michigan Center for Data, Michigan Health & Hospital Association, Health, Big, Chrysler, United Auto Workers, General Motors, North, Gov, Census, ICE, Michigan, Michigan League, Public, Missouri Economic Research, Information, Fox News, Democrats, Shoppers, Bloomberg, Washington Post, Monmouth University Locations: New York, Michigan, Mexico, Southern, Edmunds, Dearborn , Michigan, AFP, Southeast Michigan, Lansing , Michigan, North America, Marshall , Michigan, Florida, Texas, Illinois, California, Living, Somerset, Troy , Michigan

☆ Biden campaign faces its greatest test: rebuilding his 2020 coalition
▼ + stars: | 2024-02-02 | by ( Jeff Zeleny | ) edition.cnn.com time to read: +8 min

This time around, he believes at least one thing is different: Biden can’t win through voters’ fear of Trump alone. Here in Michigan, which the president visited Thursday, rests one of the biggest tests of his campaign. Trump narrowly carried the state over Hillary Clinton in 2016 – by 10,704 votes – and four years later Biden defeated Trump by about 154,000 votes. Pro-Palestinian demonstrators gather in Warren, Michigan, on February 1, 2024, outside the venue where President Joe Biden was speaking. But, he said, the burden was on Biden and his campaign to spell out what he would do in a second term.

Persons: Charles Williams, Joe Biden, Donald Trump, Biden, Trump, ”, Williams, “, ” Williams, Jay, –, Hillary Clinton, “ He’s, Adam Abusalah, Abusalah, ” Abusalah, Biden ”, Jeff Kowalsky, Karine Jean, Pierre, Kevin Munoz, Sens, Kamala Harris, Cory Booker, Gretchen Whitmer, ” Biden, wouldn’t, Emani Williams, “ ’ Sleepy Biden ’, they’ve, ” Dante Parker, ” Parker, “ We’ve, Norman Clement, We’re, ” Clement, Biden hasn’t, Clement, “ I’m, didn’t Organizations: Detroit CNN —, Biden can’t, Historic King Solomon Baptist Church, Biden, White, Trump, Arab, Muslim, ”, Palestinian, Getty, “, CNN, Democratic, Michigan Gov, Renaissance High School, Detroit Change Locations: Detroit, Michigan, –, Wisconsin, Pennsylvania, America’s Great, Dearborn, Israel, Warren, Macomb County, United States, Warren , Michigan, AFP, Gaza

☆ 10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will be no different
▼ + stars: | 2024-01-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +12 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTMary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. GM's EV sales last year totaled 75,883 units, or 2.9% of the company's overall sales. However, a vast majority of GM's EV sales were from its now-discontinued Chevrolet Bolt models. Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022. General Motors CEO Mary Barra testifies during a House Energy and Commerce Committee hearing on Capitol Hill in Washington, April 1, 2014.

Persons: Mary Barra, Mary Barra's, Barra, She's, Tesla, Michelle Krebs, Warren Buffett's Berkshire, EVs hasn't, Frederic J, Brown, there's, Cruise, Cruise's, Jeff Kowalsky, Darryll Harrison Jr, Mary, Barra's, Dan Akerson, Dan Ammann, Mark Reuss, Steve Fecht, Stephanie Brinley, they've, Lyft, David Einhorn's, Einhorn Organizations: General Motors, New York Stock Exchange, NYSE DETROIT, Detroit, GM, Wall, U.S, EV, Cox Automotive, Warren Buffett's Berkshire Hathaway, —, Hyundai, Kia, Bolt, EVs, Cadillac, AFP, Getty, Honda Motor, Automotive Press Association, Bloomberg, Cruise, CNBC, GM Renaissance Center Global Headquarters, P Global Mobility, Apple, Google, Energy, Commerce, Capitol Locations: Los Angeles, North America, Barra, San Francisco, Detroit, Washington

☆ New US rules on Chinese batteries could push up price of electric cars
▼ + stars: | 2023-12-04 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —The US government has announced new regulations that aim to keep Chinese batteries out of cars sold in the United States, a move that could push up the price of electric vehicles for American drivers. China is the world’s leader in EV battery production, dominating almost “every stage of the EV battery supply chain,” according to a 2023 report by the International Energy Agency (IEA). Tesla is a longtime customer of China’s CATL, the world’s largest EV battery maker. Doubling downThe new measures add to existing efforts by Washington to redirect auto manufacturing to the United States. “Financial incentives play an important role in the widespread adoption of electric vehicles,” researchers at George Washington University found in a 2022 study.

Persons: Biden, ” John Podesta, “, John Bozzella, ”, Tesla, China’s CATL, CATL, Jeff Kowalsky Organizations: Hong Kong CNN, EV, International Energy Agency, US Treasury, Internal Revenue Service, Department of Energy, Treasury, Officials, IEA, “, Alliance, Automotive Innovation, Ford, Getty, George Washington University, ” China’s Ministry of Foreign Affairs Locations: Hong Kong, United States, China, Russia, North Korea, Iran, America, Michigan, Washington, North America, Dearborn , Michigan, AFP, Europe, Beijing

☆ Biden to Limit Chinese Role in U.S. EV Market
▼ + stars: | 2023-11-29 | by ( Andrew Duehren | ) www.wsj.com time to read: 1 min

How the government defines battery materials from a ‘foreign entity of concern’ could have sales implications for Ford Motor and other makers of electric vehicles. Photo: jeff kowalsky/Agence France-Presse/Getty ImagesThe Biden administration is expected to release tax-credit rules on Friday that could shape the American market for electric vehicles, people familiar with the matter said. The U.S. last year revamped a $7,500 tax subsidy for people who buy new EVs. One of the changes says consumers won’t be able to claim the credit if they purchase cars containing battery materials from a “foreign entity of concern.” Lawmakers included the rule in the Inflation Reduction Act to push automakers to rely less on dominant Chinese suppliers.

Persons: jeff kowalsky, Biden, won’t, ” Organizations: Ford Motor, Agence France, U.S, ” Lawmakers

[1/5] Bill Ford, executive chairman of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, U.S. October 16, 2023. "We can stop this now," Ford said of the strike that expanded last week to shut down the Kentucky Truck plant. The UAW's walkout at Kentucky Truck, Ford's largest and most profitable assembly operation globally, "harms tens of thousands of American workers," Ford said. On Friday, UAW President Shawn Fain accused Ford of trying to game the talks with inadequate offers and insisted Ford sharply boost compensation. On Thursday, a senior Ford executive said the automaker was "at the limit" of what it can spend on higher wages and benefits for the UAW.

Persons: Bill Ford, Jeff Kowalsky, Ford, Henry Ford, Shawn Fain, Jim Farley's, Fain, Farley, Harley Shaiken, Stellantis, Joseph White, David Shepardson, Ben Klayman, Franklin Paul, Grant McCool, David Gregorio Our Organizations: Ford Motor Company, Rouge Visitor, Ford Motor Co, REUTERS, Acquire, Rights, Monday, United Auto Workers, UAW, Ford, General Motors, Chrysler, Toyota, Honda, Kentucky, University of California, GM, Thomson Locations: Dearborn , Michigan, U.S, Rights DEARBORN , Michigan, Kentucky, University of California Berkeley, Dearborn

[1/5] Bill Ford, executive chairman of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, U.S. October 16, 2023. "We can stop this now," Ford said of the strike that expanded last week to shut down the Kentucky plant. UAW President Shawn Fain replied with a statement warning Ford that the union could "close the Rouge" with a strike. The UAW's walkout at Kentucky Truck, Ford's largest and most profitable assembly operation globally, "harms tens of thousands of American workers," Ford said. On Friday, Fain accused Ford of trying to game the talks with inadequate offers and insisted Ford sharply boost compensation.

Persons: Bill Ford, Jeff Kowalsky, Ford, Shawn Fain, Fain, We’ve, Henry Ford, Jim Farley, Harley Shaiken, Shaiken, Stellantis, Joseph White, David Shepardson, Ben Klayman, Franklin Paul, David Gregorio, Grant McCool Organizations: Ford Motor Company, Rouge Visitor, Ford Motor Co, REUTERS, Acquire, Rights, Monday, United Auto Workers, UAW, Ford, General Motors, Chrysler, Detroit Three, Anderson Economic Group, AEG, Toyota, Honda, U.S, Kentucky, University of California, GM, Thomson Locations: Dearborn , Michigan, U.S, Rights DEARBORN , Michigan, Kentucky, American, Stellantis, East Lansing , Michigan, University of California Berkeley, Dearborn

☆ The world needs cheap electric cars. That spells trouble for Big Auto
▼ + stars: | 2023-09-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

The world needs affordable EVs more than ever as electric cars will play a big role in hcelping countries cut planet-heating pollution. “When legacy [carmakers] talk about catching up to Tesla or catching up to the leading Chinese automakers, it’s difficult. It is by far the world’s biggest EV battery manufacturer and dominant in the supply and processing of many critical components needed to make the batteries. Global automakers have had little choice but to enter into joint ventures with Chinese EV and battery manufacturers. EU lawmakers have voiced concerns that government subsidies allow Chinese EV makers to keep prices artificially low, creating unfair competition for European rivals.

Persons: Henry Ford’s, carmaking, Jeff Kowalsky, ”, Gene Munster, Tesla, — Tesla, —, Patrick Hummel, Krisztian Bocsi, Ford, “ It’s, ” Dan Ives, Bill Pugliano, Daniel Röska, Bernstein, China …, Marco Rubio, “ They’re, Bill Ford, CNN’s Fareed Zakaria Organizations: London CNN —, Ford Motor Company, Toyota, Volkswagen, United, Getty, Deepwater Asset Management, Volkswagen Group, Audi, Porsche, Chrysler, Jeep, Ford, General Motors, International Energy Agency, Honda, Renault, Nissan, Mitsubishi, Hyundai, Kia, Benz, BMW —, Investment, UBS, EV, Atlas Public, VW, Bloomberg, Reuters, Twitter, Stellantis, Wedbush Securities, CNN, United Auto Workers, Refining, Global, Republican, European Union, EU, Jato Dynamics Locations: Europe, United States, Dearborn , Michigan, AFP, China, Japan, South Korea, Asia, US, Germany, ” Munster, Munster, Lansing , Michigan, Michigan, Beijing, America

☆ Stellantis could close 18 facilities under UAW deal — here are the full details of its latest offer
▼ + stars: | 2023-09-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Stellantis said the facility would "continue to be our North American headquarters and North America technical center." It's not guaranteed the facilities would close under a labor deal; however, Stellantis is required to include potential closures or sales of any location where a UAW member works, a company source said. Stellantis North American Chief Operating Officer Mark Stewart, who is overseeing the UAW talks, said the company needs to "modernize" the Mopar facilities. Stewart, without disclosing details of the plan, described the company's proposal for Belvidere as a "very compelling offer." The Mopar facilities that could close include Atlanta PDC; Boston PDC; Centerline Warehouse & Packaging; Chicago PDC; Marysville PDC; Milwaukee PDC; New York PDC; Orlando PDC; Sherwood PDC; and Warren PDC.

Persons: Bill Pugliano, Stellantis, Jeff Kowalsky, It's, Mark Stewart, Stewart, Rich Boyer, Michael Wayland, Sen, Bernie Sanders, Boyer Organizations: United Auto Workers, UAW, Big, Getty, DETROIT, CNBC, Belvidere Assembly, Plant, Elliott, FCA, Technology Center, Afp, North, Detroit Free Press, Detroit, General Motors, Ford Motor, Cherokee, GM, Ford, CNBC UAW, U.S, Detroit automakers, Atlanta PDC, Boston PDC, Packaging, Chicago PDC, Marysville PDC, Milwaukee PDC, New York PDC, Orlando PDC, Sherwood PDC, Warren PDC Locations: Detroit , Michigan, U.S, Illinois, Belvidere, Indiana, Trenton, Michigan, Detroit, Stellantis, Auburn Hills , Michigan, North America, Arizona, Belvidere Assembly, Belvidere , Illinois, Belvidere —, Warren, Mich, Fishkill , New York, Macon , Georgia

☆ Here's how a union strike could impact Ford — and what Jim Cramer thinks about the stock
▼ + stars: | 2023-09-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

Jim Cramer's advice: He would not look to buy more Ford on weakness nor would he look to sell Ford stock at this point. Club name Ford, which employs the most UAW members at 57,000, has seen its stock drop more than 6% in the past month. The cost of the union demands for Ford could be a "meaningful chunk of their profits," Jim added but maintained that a UAW strike is "definitely not a reason to sell" Ford stock. "Production and the EV roadmap could be pushed out into 2024 and delays would be on the horizon at this crucial period for GM, Ford, and Stellantis," Wedbush analysts wrote. Jim Cramer has said the tensions between the UAW and Ford are in part keeping Ford stock from achieving the Club's price target of $16.

Persons: Jim Cramer's, Jim, Stellantis, Shawn Fain, Fain, Ford, Jim Cramer, Biden, Fain jawboning, Joe Biden, I'm, Wells, Morgan Stanley, Jeff Kowalsky Organizations: United Auto Workers, Detroit, Ford Motor, General Motors, Chrysler, Dodge, Big, Ford, UAW, GM, Workers, Labor, Detroit automaker, Deutsche Bank, Tesla, CNBC, Ford Motor Co, AFP, Getty Locations: Philadelphia, Detroit, Dearborn , Michigan

☆ Google's old guard shifts roles as the company searches for itself
▼ + stars: | 2023-08-21 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

Jeff Kowalsky | Bloomberg | Getty ImagesA string of Google executives have changed their roles in the span of several months, in a shift that has sidelined many of company's remaining old guard. The changes encompass high-profile executives such as CFO Ruth Porat, YouTube CEO Susan Wojcicki, and employee No. Some say they have left their roles for a new challenge and others have left to seek opportunities in AI. While she'll still be in an advisory role at Google, she said, she wanted to "start a new chapter." Google's AI head, Jeff Dean, who's been at Google since 1999, became a chief scientist as part of the change.

Persons: Ruth Porat, Jeff Kowalsky, Susan Wojcicki, Urs Hölzle, Susan Wojcicki —, Sergey Brin, Larry Page, she'll, Robert Kyncl, David Lawee, Hölzle, Morgan Stanley, Porat, Courtenay Mencini, who've, it's, OpenAI, Sundar Pichai, Google execs, Prabhakar Raghavan, HJ Kim, Geoffrey Hinton, Demis, James Manyika, Jeff Dean, who's, It's Organizations: Inc, Michigan Central Station, Bloomberg, Getty, Google, YouTube, Warner Music Group, CapitalG, CNBC, New York Times, McKinsey, Google Research Locations: Detroit , Michigan, Silicon Valley

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