How Uber is addressing its sexual assault problem after more than 3,000 incidents last year
Uber has seen an uptick in lawsuits over sexual assaults that typically occurred between riders and drivers in recent years. Source link: Click here for more
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A top Tesla analyst raised his ‘bull case’ for the stock to $500, or 50% higher from here
Morgan Stanley increased its “bull case” for Tesla to $500 a share but is sticking by its $250 a share “base case.” Source link: Click here for more
GM, LG Chem to announce an electric vehicle battery joint venture in Ohio
South Korea’s LG Chem said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors. Source link: Click here for more
Elon Musk doesn’t know his own net worth, testified it’s around $20 billion, not much in cash
In day two of the “pedo guy” defamation trial, Tesla CEO Elon Musk testified he doesn’t know his own net worth, but it may be around $20 billion, not much in cash. Source link: Click here for more
UAW union leaders recommend approval of Fiat Chrysler labor deal
DETROIT (Reuters) – United Auto Workers leaders from Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) U.S. plants on Wednesday recommended approval of a tentative labor agreement that would allow the Italian-American automaker to avoid a strike as it works to merge with France’s Groupe PSA. (PEUP.PA) FILE PHOTO: A Fiat Chrysler...
Ex-GM board member, union leader pleads guilty to accepting kickbacks
Former General Motors board member Joe Ashton, a retired United Auto Workers leader, pleaded guilty Wednesday to criminal charges as part of an ongoing federal corruption probe into the union. Source link: Click here for more
United orders 50 new Airbus long-range jets to replace Boeing 757s
United Airlines announced on Tuesday an order for 50 Airbus jets to fly between the U.S East Coast and Europe, becoming the latest U.S. airline to ink a deal for the European planemaker’s new passenger jet. Source link: Click here for more
McLaren looks to Asia and hybrid cars to stay on track
DETROIT (Reuters) – British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company’s chief executive said on Tuesday. FILE PHOTO: The McLaren Grand Tourer is seen during a world...
Tesla is ‘a must own stock,’ Piper Jaffray says, and will climb more than 25% next year
Piper Jaffray says that “for all its controversy and volatility, we think TSLA is a must-own stock” in the auto sector. Source link: Click here for more
UAW announces financial reforms as U.S. corruption probe widens
FILE PHOTO: United Auto Workers (UAW) union President Gary Jones and UAW Secretary-Treasurer Ray Curry raise their arms during the UAW delegates at the ‘Special Convention on Collective Bargaining’ in Detroit, Michigan, U.S. March 13, 2019. REUTERS/Rebecca Cook/File Photo (Reuters) – The United Auto Workers (UAW) union said on Monday...
U.S. Attorney says government can still seek to take auto workers union control: Detroit News
An American flag flies in front of the United Auto Workers union logo on the front of the UAW Solidarity House in Detroit, Michigan, September 8, 2011. REUTERS/Rebecca Cook (Reuters) – The U.S. government may still seek to take control of the United Auto Workers Union (UAW) once its investigators...
Review: The 2019 BMW X4 xDrive30i is too weird looking and expensive to recommend
BMW’s X4 is more unique than the X3, but the sloped roofline messes up the proportions. Instead of the handsome and simple styling of BMW’s mainline SUVs, the X4 has an awkward hunchback profile. Source link: Click here for more
Couple paid $100 for car found in storage unit, Elon Musk bought it from them for nearly $1 million
The 1976 Lotus Esprit submarine car was featured in the James Bond movie “The Spy Who Loved Me”. Source link: Click here for more
Fiat Chrysler reaches tentative labor deal with United Auto Workers
DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) and the United Auto Workers (UAW) union on Saturday announced a tentative agreement for a four-year labor contract, a boost for the automaker as it works to merge with France’s Groupe PSA (PEUP.PA). FILE PHOTO: Mike Manley, CEO of Fiat Chrysler Automobiles...
Fiat Chrysler, UAW reach new tentative labor deal
Fiat Chrysler and the United Auto Workers have reached a tentative deal on a new labor contract amid tumultuous times for both sides. Source link: Click here for more
People in these 10 cities are paying the most to get to work
There’s a very real cost to fighting traffic on your way to the office. Residents in our nation’s capital are paying $12,015 on average each year to get to work, according to an analysis from Clever Real Estate. Source link: Click here for more
Big brands troll Elon Musk’s Cybertruck with their own versions on Twitter
Brands including Lego and Pepsi have taken to Twitter to mock Tesla’s Cybertruck — the ‘bulletproof’ electric pickup truck whose windows were smashed by a metal ball at its launch last week. Source link: Click here for more
Elon Musk suggests Tesla has received 250,000 pre-orders for its Cybertruck
Musk tweeted “250k” Tuesday night, indicating that was the number of pre-orders Tesla had collected from prospective customers to date. Source link: Click here for more
Uber rivals mobilize as the company’s future in London becomes uncertain
Several of Uber’s competitors have made no delay in using the company’s misfortune in London as an opportunity. Source link: Click here for more
Feuding Korean firms risk disrupting electric car battery supplies
SEOUL (Reuters) – In 2018, South Korea’s SK Innovation beat its larger, local rival LG Chem to a multibillion dollar deal to supply German carmaker Volkswagen with electric vehicle batteries in the United States. FILE PHOTO : New cars drive during a ceremony marking start of the production of a...