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☆ G.M. Profit Down 7% in Strike-Affected Quarter
▼ + stars: | 2023-10-24 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

said the strike had lowered its earnings before interest and taxes by about $200 million in the final weeks of the third quarter, and by about $600 million since the fourth quarter started on Oct. 1. The automaker also estimated that the strike could cost it $200 million a week going forward. gave the union a contract offer that included a 23 percent increase in wages over four years. wage from $32 an hour to more than $40. At that wage, an employee working 40 hours a week would earn about $84,000 a year, not including extra pay for overtime or profit-sharing bonuses, which have topped $10,000 in the past two years.

Persons: Motors, “, ’, Paul Jacobson, G.M Organizations: United Automobile Workers

☆ Biden Joins U.A.W. Strike President Heads to Picket Line in Michigan to Court Autoworkers
▼ + stars: | 2023-09-26 | by ( Katie Rogers | Neal Boudette | ) www.nytimes.com time to read: +4 min

The high-profile contract fights have played out across the country, just as public opinion has been turning more in favor of organized labor. UPSThe union representing more than 325,000 UPS workers, the International Brotherhood of Teamsters, spent months negotiating a new contract with the company. The workers’ key demands included better pay for part-time workers, whom the company relies on heavily during busy periods, and improved heat safety. The work stoppage has grown in scope since, with the union expanding its strike to include spare-parts distribution centers for G.M. has pointed to growth in profits and chief executive compensation in making its demands for improved compensation for its members.

Persons: they’ve, —, Shawn Fain Organizations: United Automobile Workers, SAG, Writers Guild of America, International Brotherhood of Teamsters, Gallup, Bureau of Labor Statistics, Hollywood, Guild of America, UPS, United Auto Workers, U.S, — Ford, General Motors, Teamsters Locations: Hollywood, Staten

☆ An Ohio Town Struggles Between Biden’s Clean Energy Agenda and Union Support
▼ + stars: | 2023-09-23 | by ( Jonathan Weisman | More About Jonathan Weisman | ) www.nytimes.com time to read: +1 min

In the shadow of a shuttered General Motors plant in Lordstown, Ohio, far from the United Automobile Workers’ picket lines, the U.A.W. and the management of an electric vehicle battery plant are locked in a wholly different conflict. officials take pains to say the talks in Lordstown between the autoworkers union and Ultium Cells, a joint venture between G.M. and LG Energy Solution in South Korea that is building the fuel cells to power G.M.’s electric vehicles, are not directly linked to the strikes. Vance, Republican of Ohio, specifically pointed to the struggles of Ultium workers laboring near the old G.M.

Persons: Biden, Donald J, Trump, —, Biden’s, J.D, Vance Organizations: General Motors, United Automobile Workers, Ultium, LG Energy, Democrats, Republican Locations: Lordstown , Ohio, Ohio, Lordstown, G.M, South Korea, Michigan

☆ U.A.W. Widens Strikes at G.M. and Stellantis, but Cites Progress in Ford Talks
▼ + stars: | 2023-09-22 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

The United Automobile Workers union on Friday significantly raised the pressure on General Motors and Stellantis, the parent of Jeep and Ram, by expanding its strike against the companies to include all the spare parts distribution centers of the two companies. Shawn Fain, the union’s president, said Friday that workers at 38 distribution centers, which provide parts to dealerships for repairs, at the two companies would walk off the job at noon. He said talks with two companies had not progressed significantly, contrasting them with Ford Motor, which he said had done more to meet the union’s demands. “We will shut down parts distribution centers until those two companies come to their senses and come to the bargaining table,” Mr. Fain said. distribution centers that employ a total of 3,475 workers, and 20 Stellantis centers with 2,150 U.A.W.

Persons: Shawn Fain, “, Mr, Fain Organizations: United Automobile Workers, General Motors, Jeep, Ford Motor

☆ For Tesla and Musk, Auto Strike Carries Benefits and Risks
▼ + stars: | 2023-09-21 | by ( Jack Ewing | More About Jack Ewing | ) www.nytimes.com time to read: +1 min

Activists must get at least 30 percent of workers to sign union cards and force a vote overseen by the National Labor Relations Board. Companies often do all they can to dissuade workers from joining, hiring lawyers and consultants who specialize in defeating union campaigns. The company reported profit of $2.7 billion on sales of $25 billion in the second quarter, giving it a profit margin of about 11 percent. That profit margin is more than that of Ford or G.M., even after an exceptionally profitable period for those companies. In August, United Parcel Service employees won their biggest raises ever in a contract negotiated by the International Brotherhood of Teamsters.

Persons: Tesla, Biden Organizations: National Labor Relations Board, Companies, Amazon, Ford, Fiat Chrysler, Peugeot SA, Hollywood, United Parcel Service, International Brotherhood of Teamsters Locations: Staten, unionize, United States

☆ Ford Reaches a Labor Deal in Canada as U.S. Talks Inch Along
▼ + stars: | 2023-09-20 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

Unifor’s talks with Ford, General Motors and Stellantis, which owns Chrysler, Jeep and Ram, started on Aug. 10 but have been overshadowed by the U.A.W. Ford has an assembly plant and two engine plants in Canada. Unifor selected Ford as the “target” of its talks, meaning it focused on securing the best deal it could from the company before turning to the other two automakers. Ford’s deal in Canada appears to have little bearing on the U.A.W. ; a Ford truck and sport-utility vehicle plant in Wayne, Mich.; and a Stellantis S.U.V.

Persons: Unifor’s, Ram, Ford, Unifor Organizations: Ford, General Motors, Chrysler, Jeep, ’ Locations: United States, Canada, Wentzville, Mo, Wayne, Mich, Toledo , Ohio

☆ Union and 3 Detroit Automakers Resume Talks
▼ + stars: | 2023-09-16 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: 1 min

The United Auto Workers union and the three Detroit automakers on Saturday resumed negotiations on a new labor contract as a targeted strike entered its second day. The union is striking against all three manufacturers — General Motors, Ford and Stellantis — but for now has limited the work stoppages to one plant at each of the companies: a Ford plant in Michigan, a G.M. plant in Missouri and a Stellantis plant in Ohio. “We had reasonably productive conversations with Ford today,” the union said in a statement. On Friday Ford said it had told 600 workers who are not part of the strike not to report to work, and G.M.

Persons: “, Ford Organizations: United Auto Workers, Detroit, Motors, Ford, G.M Locations: Michigan, Missouri, Ohio, Kansas

☆ Here Are the Plants Where U.A.W. Strikes Are Happening
▼ + stars: | 2023-09-15 | by ( Lazaro Gamio | Eli Murray | ) www.nytimes.com time to read: +2 min

Here Are the Plants Where U.A.W. Strikes Are HappeningWentzville Assembly Plant 3,600 workers Michigan Assembly Plant 3,300 workers Toledo Assembly Complex 5,800 workers Wentzville Assembly Plant 3,600 workers Michigan Assembly Plant 3,300 workers Toledo Assembly Complex 5,800 workers Ala. Alaska Ariz. Ark. The three plants represent only a small portion of the unionized factories of G.M., Ford and Stellantis across the United States, and less than 10 percent of those companies’ 150,000 U.A.W. Company Plant Workers Ford Michigan Assembly Plant Wayne, MI 3,300 Stellantis Toledo Assembly Complex Toledo, OH 5,800 GM Wentzville Assembly Plant Wentzville, MO 3,600 Sources: Company websites (plant locations); U.A.W. The strikes are affecting plants owned by each of the three U.S. automakers — a change in tactics from previous U.A.W.

Persons: Iowa Kan Organizations: Plant, Hawaii Idaho Ill, N.D . Ohio Okla, New York Times, United Automobile Workers, Detroit, —, Motors, Ford Motor, Chrysler —, Ford, Company Plant Workers Ford, Company Plant Workers Ford Michigan Assembly Plant, Wentzville Locations: Michigan, Toledo, Ala, Alaska, Calif, Colo, Conn, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, Midwest, G.M, United States, Company Plant Workers Ford Michigan, Company Plant Workers Ford Michigan Assembly Plant Wayne, MI

At a rally in downtown Detroit on Friday, just a couple of hundred yards from the headquarters of General Motors, Senator Bernie Sanders of Vermont addressed a cheering crowd of United Auto Workers members, capping a day of walkouts by the union with an effort to rally support for the strike. “The fight you are waging here is not just about decent wages and working conditions and pensions in the auto industry,” Mr. Sanders said. “It’s a fight to take on corporate greed and tell the people on top the country belongs to all of us, not just the few.”The rally took place along Detroit’s riverfront, near the city’s iconic Renaissance Center towers, home to G.M. headquarters. Also nearby is the Huntington Place convention center, where auto executives were gathering for a black-tie charity ball to kick off the 2023 Detroit auto show.

Persons: Bernie Sanders, Sanders, —, ” Mr, “ Organizations: General Motors, United Auto Workers, Big Three, Ford Locations: Detroit, Vermont, walkouts, United States, G.M

The union is also seeking cost-of-living adjustments that would nudge wages higher to compensate for inflation. As of last Friday, the companies offered to raise pay by around 14.5 percent to 20 percent over four years. It was not clear how much progress the union and the companies have made on the other issues. The companies say that they are investing billions in a transition to battery-powered vehicles, which makes it harder for them to pay substantially higher wages. They say they are at a disadvantage compared with nonunion automakers like Tesla, which dominates the sales of electric cars.

Persons: G.M, ” Ford, ”

Autoworkers put down their toolsThousands of autoworkers walked off the job on Friday morning at three Midwest plants in an unprecedented strike, as the United Automobile Workers and Detroit’s three big carmakers remained miles apart on contract talks. A lengthy strike could dent the Big Three’s profits, analysts say, at a time when the companies are investing heavily in electric vehicles to catch up to Tesla and Chinese rivals. Mary Barra, G.M.’s chief, warned that meeting all or most of the union’s demands could hobble the company’s prospects. “Make no mistake: If we don’t continue to invest, we will lose ground, and it will happen fast,” she said. “Nobody wins in a strike.”

Persons: Autoworkers, autoworkers, Biden, Ford, Mary Barra, ’, “, ” Organizations: United Automobile Workers, General Motors, Dodge, Chrysler Locations: Stellantis, Amsterdam, G.M

☆ Robin Roberts and Amber Laign Speak ‘Freely, Openly and Passionately’ About Their Love
▼ + stars: | 2023-09-11 | by ( Sadiba Hasan | ) www.nytimes.com time to read: +1 min

On a recent Thursday morning, after ABC’s “Good Morning America” had finished its broadcast, Robin Rene Roberts and Amber Laign sat in the corner table of a restaurant a couple hundred feet away from the studio. They were giddy because their wedding day was two weeks away, and they were excited to share their love story. And Ms. Laign wasn’t always comfortable stepping into the public eye. But now, the couple are embracing the spotlight. On Friday, Sept. 8, they married in their home in Farmington, Conn., and they sat down with The New York Times for an exclusive interview about their journey together.

Persons: ABC’s, America ”, Robin Rene Roberts, Amber Laign, “, I’d, ”, Roberts, Ms, Roberts wasn’t, Laign wasn’t Organizations: America, New York Times Locations: Mississippi, New York City, Farmington , Conn

☆ Automakers and U.A.W. Remain Far Apart as Contract Deadline Nears
▼ + stars: | 2023-09-08 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

The United Auto Workers union and the three established U.S. automakers remain far apart on wages and other issues with less than a week to go before contracts covering 150,000 union workers expire. So far, the companies — General Motors, Ford Motor and Stellantis, the parent of Chrysler — have offered to raise pay by 14 percent to 16 percent over four years. Their offers include lump sum payments to help ease the impact of inflation, and policy changes that would lift the pay of recent hires and temporary workers, who typically earn about a third less than veteran union members. He has been seeking pay increases of about 40 percent and repeatedly warned that workers were ready to leave assembly lines when the current collective bargaining agreements with the automakers expire on Thursday. “We are prepared to strike, and we are ready,” said Jason Garza, a parts molder at G.M.’s technical center in Warren, Mich. “We want a fair contract, and I have a strong feeling it will be solidarity across the board.”

Persons: Shawn Fain, “, ”, Jason Garza Organizations: United Auto Workers, Motors, Ford Motor, Chrysler Locations: U.S, G.M, Warren, Mich

☆ Autoworkers Vote to Authorize Strikes if Negotiations Fail
▼ + stars: | 2023-08-25 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +2 min

G.M., Ford and Stellantis have suggested they will probably agree to some form of higher wages. A fresh indication of how the talks may go came on Thursday, when an Ohio battery plant owned jointly by G.M. Mr. Fain had repeatedly criticized wages at the plant, which had started at about $16 an hour, as being too low. said in July that it expected to earn more than $9.3 billion this year, about $1 billion more than a previous forecast. Ford expects earnings before taxes of $11 billion to $12 billion this year.

Persons: Fain, Fain’s, Tesla, Ram, Ford Organizations: Ford, G.M, LG Energy, Chrysler, Jeep Locations: Ohio, Korean, G.M, United States, Amsterdam, North America

That is by far the most ever spent on clean energy in a year. Solar and Wind Power Have Taken Off Electricity generation per year, in terawatt hours China 600 TWh 500 Solar Wind U.S. China 400 E.U. It would shred regulations designed to curb greenhouse gases, dismantle nearly every federal clean energy program and boost the production of fossil fuels. 1 2 3 4 5 Even Tulsa, with its strong links to oil and gas, is embracing clean energy. “But we also understand that energy is energy, whether it is generated by wind, steam or whatever it might be.”Around the country, clean energy is taking root in unlikely locales.

Persons: ”, Fatih Birol, Al Gore, Crews, Francis Energy, Dewey, Bartlett Jr, “, J.W, Peters, Mr, Lazard, Gregory Nemet, —, Biden, Tesla, Giovanni Bertolino, Jon Creyts, Steve Uerling’s, Uerling, Cathy Zoi, It’s, Mary Barra, ’, Barra Organizations: Buses, Port, International Energy Agency, India India, Energy, The New York Times, Heritage Foundation, Republican, Ford, University of Tulsa’s School of Petroleum Engineering, “ Oil, Drillers, Navistar, Public Service Company of Oklahoma, Francis, Solar Power, U.S . Steel, Gas, University of Wisconsin -, Panasonic, United, European Union, United States ’, General Motors, RMI, Ford Fusion, Tesla, Postal Service, Amazon, Peterbilt, Companies, Francis Energy, BMW Group, Honda, Hyundai, Kia, Benz Group Locations: Pittsburgh, Milwaukee, Port of Los Angeles, Houston, Europe, United States, America, China, Britain, terawatt, India, U.S, States, Beijing, London, Tokyo, Washington, Oslo, Dubai, Tulsa, Okla, Italian, Oklahoma, Oklahoma City, Texas, Galveston, In Arkansas, Republican, University of Wisconsin - Madison, Georgia, Korean, Nevada, tailpipes, California, New York, San Francisco, Canada, South Korea, Russia, Ukraine, Steve Uerling’s Tulsa, E.U, G.M

Just as important will be persuading people like Mr. Marohn that electric cars, renewable energy and electric heaters and stoves are practical, economical and exciting. Many, conservatives in particular, chafe at the prospect of the government forcing them to buy electric cars or ditch their natural gas appliances, polls show. By The New York TimesA clean energy future will require painstaking and individually tailored persuasion campaigns. “Even if some of them deny the science of climate change, they can’t deny good-paying jobs,” he said. “I just want to change the perception that electric cars are not as good as big, noisy muscle cars,” Mr. Lawson said.

Persons: Mikey Marohn, “, ”, Marohn, Alicia Cox, Cox, , chafe, Jesus, Ms, ” “, Jae Landreth, “ That’s, “ Nobody’s, Mr, Landreth, Phil Collins, Rob Leach, Leach, ‘, “ I’ve, Jack Conness, Biden, Jennifer Granholm, Granholm, Vladimir V, Putin, Sue Burns, Burns, Marjorie Taylor Greene, William Turner, didn’t “, Jason Walsh, Walsh, Tia Williams, Ms . Granholm, ” Ms, Williams, Joe Wilson, ” “ Didn’t, Roy Cooper of, Cooper, Patrick Lawson, Ford, Lawson, Lawson’s, Susan Lawson, Cheryl, Tesla, They’re, Kent Wheeler, “ It’s, ’, Josh Hermes, Paul Rosenzweig, Rosenzweig, Mary T, Barra, ” Kenneth Boswell, Quinton Lucas, Lucas, ” Mr Organizations: Clean, Biden, General Motors, nonbelievers, Republican, Pew, The New York Times, Pew Research Center, Toyota, Clean Energy Manufacturing, Energy Innovation, Trump, Trump Biden, Savings, Yale, Pontiac, BlueGreen Alliance, Democratic, Georgia Institute of Technology, Mr, Republicans, Flex, Gov, Northern Arapaho Tribe, Tesla, Rocky Mountain Rebels, Elks, Wild West EV, Polaris, Northern Arapaho, Chevy Silverado, Mercedes, Benz, Alabama Department of Economic and Community Affairs, Kansas City, Fire Department Locations: Teton, Wyoming, Yellowstone, Baldwin City, Kan, Kansas City, G.O.P, Counties, Russia, Memphis, South Carolina, Georgia, Tennessee, Murfreesboro, Tenn, Dalton, Ga, Roy Cooper of North Carolina, Riverton, Jackson, Minnesota, Louisiana, Alabama, Missouri, Quinton Lucas , Kansas, Kansas

☆ G.M. Will Add Backup Power Function to Its Electric Vehicles
▼ + stars: | 2023-08-08 | by ( Jack Ewing | More About Jack Ewing | ) www.nytimes.com time to read: +1 min

General Motors said Tuesday that it planned to equip all its electric cars and trucks with the capability to act as backup power supplies during blackouts. The decision to install two-way charging technology in Chevrolet, Cadillac and GMC electric cars and trucks, enabling them to power homes in an emergency, shows how carmakers are marketing the vehicles as not just cleaner than their gasoline counterparts, but also more practical. The technology will begin appearing in vehicles this year, including an electric version of the Silverado pickup and an electric Cadillac Escalade, which G.M. electric vehicles will have what is known as vehicle-to-home technology, the company said. planned to discontinue the compact car but reversed the decision last month after people complained about the disappearance of one of the most affordable electric vehicles.

Persons: Motors, G.M Organizations: Chevrolet, Cadillac, GMC, Silverado

☆ Automakers Face a Labor Showdown as the E.V. Era Looms
▼ + stars: | 2023-08-06 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

also hopes to push Stellantis to reopen a plant in Belvidere, Ill., that was idled this year, putting 1,350 people out of work. Mr. Fain said many workers typically worked 50 or 60 hours a week, leaving little time for family activities or rest. Stellantis said it intended to “fairly reward” its workers but warned that any agreement must not “jeopardize our ability to continue investing” in new vehicles and technologies. The automakers are investing tens of billions of dollars in electric vehicles but have yet to see significant sales or profits from them. The union is concerned that the move to E.V.s could cost thousands of jobs because electric vehicles generally require fewer workers to produce than traditional gasoline-powered cars and trucks.

Persons: Fain, G.M, “, ” Ford, Stellantis Organizations: nonunionized Locations: Belvidere , Ill

☆ Whale fossil may be the heaviest animal ever
▼ + stars: | 2023-08-02 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —A colossal ancient whale discovered in Peru might be the heaviest animal on record, according to a new study. What’s more, Perucetus likely weighed two to three times more than the blue whale, which today weighs a maximum of 149.6 metric tons (330,000 pounds). Giovanni Bianucci“Discoveries of such extreme body forms are an opportunity to re-evaluate our understanding of animal evolution,” wrote J.G.M. “It seems that we are only dimly aware of how astonishing whale form and function can be,” they added. The lifestyle of a colossal whaleThe findings suggest that gigantism or peak body mass among cetaceans had been reached around 30 million years earlier than previously thought, according to the study.

Persons: Giovanni Bianucci, “, ” Bianucci, Perucetus, ”, ’, Bianucci, pacificus, Mystacodon selenesis, Mario Urbina Schmitt, Schmitt, Thewissen, David A, Waugh, weren’t, Ingalls, Brown, ” Thewissen Organizations: CNN, University of Pisa’s, sirenians, Peru “, National University of San, Ohio Medical University Locations: Peru, Italy, Ica, Peruvian, National University of San Marcos, Lima

☆ G.M. and Other Automakers Will Build 30,000 Electric Vehicle Chargers
▼ + stars: | 2023-07-26 | by ( Jack Ewing | More About Jack Ewing | ) www.nytimes.com time to read: +1 min

Seven major automakers announced a plan on Wednesday to nearly double the number of fast chargers in the United States in an effort to address one of the main reasons that people hesitate to buy electric cars. The carmakers — BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group and Stellantis — will initially invest at least $1 billion in a joint venture that will build 30,000 chargers on major highways and other locations in the United States and Canada. The United States has about 32,000 fast chargers — those that can replenish a drained battery in 10 to 30 minutes. Surveys show that fear about not being able to find a charger is a major reason that car buyers are reluctant to buy electric vehicles. Sales of electric vehicles have risen quickly in the United States, but there are signs that demand is softening.

Persons: Stellantis — Organizations: BMW Group, General Motors, Honda, Hyundai, Kia, Benz Group, United, Ford Locations: United States, Canada

☆ Slow Battery Production Crimps G.M.’s Electric Vehicle Rollout
▼ + stars: | 2023-07-25 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

General Motors is investing tens of billions of dollars to produce a bevy of new electric vehicles and, it hopes, catch up to Tesla. This year, it is struggling to produce a new type of electric car battery pack meant for the electric vehicles it plans to introduce over the next several years. built just 50,000 electric vehicles, and most of them used an older battery pack made by a supplier. In the United States, G.M. sold fewer than 2,800 vehicles that used its new, modular Ultium battery packs, being made at an Ohio factory that the company owns with LG Energy Solution.

Persons: “ It’s, Paul Jacobson Organizations: Motors, LG Energy Locations: United States, Ohio, Tennessee, Michigan

☆ Autoworkers Open Contract Talks in a Fighting Mood
▼ + stars: | 2023-07-14 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

The three Detroit automakers and the United Auto Workers union have begun negotiating a new labor contract in what could become the most contentious talks between the two sides in perhaps half a century. elected a president who has vowed to win back many of the wage and benefit concessions the union has ceded over the last two decades. Shawn Fain, an outsider candidate, prevailed in an upset election victory over the incumbent U.A.W. president this year largely by promising to take a more militant approach to contract negotiations than his recent predecessors. Our union is united.

Persons: Shawn Fain, ” Mr, Fain, ” Organizations: Detroit, United Auto Workers, Motors, Ford Motor Locations: North America, Detroit

☆ Who Should Be Tracking Their Glucose?
▼ + stars: | 2023-07-12 | by ( Dana G. Smith | More About Dana G. Smith | ) www.nytimes.com time to read: +1 min

But in recent years, glucose has become one of the trendiest biometrics to track for people striving to optimize their health. That’s in large part because of the increasing accessibility of a tool called a continuous glucose monitor, or C.G.M. C.G.M.s monitor levels of glucose — the body’s main source of energy — in real time. A tiny needle-like sensor sticks into the skin and reads glucose levels in the fluid between cells. Now, there are at least five companies that market and sell apps and C.G.M.s to people without diabetes, claiming that knowing your glucose levels can help you lose weight and improve your health.

Persons: Abbott, Dexcom

☆ G.M.’s Sales Jumped 19% in the Second Quarter
▼ + stars: | 2023-07-05 | by ( Neal E. Boudette | ) www.nytimes.com time to read: +1 min

General Motors said on Wednesday that its new-vehicle sales in the United States increased 19 percent from April to June, the strongest sign yet that the auto industry was bouncing back from parts shortages and overcoming the effects of higher interest rates. The automaker, the largest in the United States, said it sold 691,978 vehicles in the second quarter, the company’s highest quarterly total in more than two years. More recently, rising interest rates have made auto loans more expensive, causing some consumers to defer purchases or opt for used vehicles. “I’m not saying we are on the cusp of exciting growth here,” said Jonathan Smoke, chief economist at Cox Automotive, a research firm. “But we are now at a turning point where the auto market returns to more balance.

Persons: Motors, shutdowns, I’m, ”, Jonathan Smoke Organizations: Cox Automotive Locations: United States

☆ Affirmative Action Is Dead. It’s Time for Corporations to Step Up. - The New York Times
▼ + stars: | 2023-07-02 | by ( Angel B. Pérez | ) www.nytimes.com time to read: +3 min

They sit back and wait, content to let the nation’s colleges and universities scout and nurture that talent. Look at what happened when California banned affirmative action nearly 27 years ago. The most obvious way to help colleges level the field among students is to level the field among colleges. Harvard University recently received a gift of $300 million, the University of Chicago received a gift of $100 million and Columbia University received a gift of $175 million. I asked Elsa Núñez, president of Eastern Connecticut State University, what her institution, with its modest $50 million endowment, could do with a $100 million gift.

Persons: —, That’s, Chan Zuckerberg, Pell Grant, Elsa Núñez, “, ”, you’re Organizations: University of California, Apple, Mastercard, Meta, Verizon, Harvard University, University of Chicago, Columbia University, Chan Zuckerberg Initiative, Harvard, Trinity Washington University, Pell, Eastern Connecticut State University Locations: California

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