Keith Laing The Detroit News Published 10:27 PM EDT Aug 21, 2019 Washington — President Donald Trump continued his tirade against Ford Motor Co. on Wednesday night, which was among four automakers that have rebuked his administration's effort to roll back gas-mileage standards by joining an agreement on mpg rules with California. In a tweet that misidentified the founder of General Motors, Trump said the "legendary Henry Ford and Alfred P. Sloan, the Founders of Ford Motor Company and General Motors, are 'rolling over' at the weakness of current car company executives willing to spend more money on a car that is not as safe or good, and cost $3,000 more to consumers. Crazy!" "Henry Ford would be very disappointed if he saw his modern-day descendants wanting to build a much more expensive car, that is far less safe and doesn't work as well, because execs don't want to fight California regulators," he continued. "Car companies should know that when this … [Read more...] about Trump continues attack on Ford for mpg deal with Calif.
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Jamie L. LaReau Detroit Free Press Published 6:00 AM EDT Jun 5, 2019 General Motors is hedging its bets to meet national emissions standards by turning to Tesla Inc. as insurance of sorts. People who buy gasoline-powered cars ultimately foot the bill. GM and Fiat Chrysler Automobiles disclosed to the state of Delaware earlier this year that they have reached agreements to buy federal greenhouse gas credits from electric carmaker Tesla, Bloomberg first reported. Selling those credits has been a key for Tesla's revenue for years. But it's the first time automakers have openly acknowledged they rely on Tesla to help them meet increasing U.S. environmental regulations. Tesla has reported almost $2 billion in revenue from the sale of regulatory credits since 2010, Bloomberg reported. But this revelation should open consumers' eyes that every gasoline-powered car they buy subsidizes Tesla's existence, say industry observers. … [Read more...] about GM, FCA strike a deal with Tesla that consumers subsidize
Republicans are trying to head off their next potentially explosive conflict with President Donald Trump. In a series of private meetings and conversations with Trump over the past few months, Senate Republicans have pleaded with him not to impose a new round of tariffs on foreign automakers — fearing they could debilitate Trump-backed states and cast the economy into a recession ahead of the 2020 election.Story Continued Below But Trump isn’t heeding the warnings so far. Behind closed doors, GOP senators push back on Trump consistently when he brings up existing tariffs on steel and aluminum or potential tariffs on automakers, according to Republican senators. But Trump doesn’t back down from his position: He says the threat of tariffs gets the attention of trading partners — like China — who need to permit more imports of American products. “The president likes tariffs as a threat. I hope he understands that the auto tariffs damage the … [Read more...] about Republicans warn Trump to back off economy-wrecking tariffs
MANILA, Philippines—Not even a month after wrapping up its 43rd season, the Philippine Basketball Association (PBA) is ready to begin a new year. The league opens its 44th season on Sunday at the Philippine Arena, with Barangay Ginebra and TNT KaTropa getting the ball rolling in the 2019 PBA All-Filipino Cup. Before that, however, the PBA will officially close its 43rd season with the Leo Awards to honor its brightest stars from last year. The three teams under the San Miguel Corp. — San Miguel Beer, Barangay Ginebra, and Magnolia — have been tagged as favorites in the Philippine Cup after ruling the three conferences last year, with the Beermen favored to annex a fifth straight All-Filipino crown. It would be foolish to count out any team, however, especially after a brief but busy offseason that saw several franchises overhaul their rosters and draft talented rookies who can make an immediate impact. For more sports coverage, visit the ABS-CBN Sports website. … [Read more...] about 2019 PBA Philippine Cup preview: Can San Miguel extend its all-Filipino reign?
With its glossy black finish, five-person cabin and six huge fan pods, the Bell Nexus looks like it belongs on the set of a science fiction film, rather than the South Hall of the Las Vegas Convention Center. But it's just one of the many unusual displays at this year's Consumer Electronics Show focused on the world of transportation rather than the TVs, smartphones and digital appliances traditionally found at CES. The auto industry is in the midst of change as radical as anything it has faced since Henry Ford switched on the first moving assembly line more than a century ago. Ford, General Motors, Toyota and Volkswagen now refer to themselves as "mobility service" companies rather than just automotive manufacturers, and that's readily apparent as one wanders through the Convention Center. Not everyone thinks the solution requires turning to drones like the Nexus, but the exhibits this year show the role that digital technology — everything from laser sensors to electric drive … [Read more...] about CES Is Now One of the World’s Biggest Auto Shows as Ford to Uber Debut New Technology