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Trump Supporters Show Their Sexist Side

Bikers put their true colors on display at Trump rally.

by on Aug.13, 2018

President Donald Trump hosted a rally of Bikers for Trump at his Bedminster, New Jersey, country club.

It wasn’t just the rumble of nearly 200 motorcycles that raised eyebrows at the normally sedate Trump National Golf Club in Bedminster, New Jersey, over the weekend.

The attire of the attendees at the Bikers for Trump rally – invited by Trump himself – appeared to be normal biker fare and that’s the reason for the increased scrutiny.

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Aside from an inordinate amount of leather, bandanas and other stereotypical biker accoutrements, many of the attendees at the rowdy rally wore patches with sexist and other offensive sayings. (more…)

Saudis Appear to Be Key to Taking Tesla Private

Facing lawsuits, SEC probe, CEO Musk offers more details on privatization plan.

by on Aug.13, 2018

Tesla CEO Elon Musk revealed a few details about the plan to take the EV maker private he teased last week.

In a Monday morning blog post, Tesla CEO Elon Musk has offered some critical new details about the plan, first announced last week, to take the battery-carmaker private, pointing to a Saudi sovereign investment fund as the potential source of funding — though he also cautioned it would be “premature” to offer full details at this point.

Last Tuesday, the 47-year-old chief executive set off alarm bells when he posted a tweet declaring his interest in taking Tesla private at a price of $420 per share. The news sent investors scurrying to snap up Tesla stock which quickly approached an all-time high before settling back two days later.

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With virtually no details offered, Musk and Tesla quickly came under scrutiny from analysts, investors and the Securities and Exchange Commission which has begun to probe his comments to see if they violate federal securities law. Tesla now faces two lawsuits, as well, alleging the Tuesday announcement was really a “nuclear attack” on short-sellers. (more…)

Trump Wants Boycott of Harley-Davidson

President tweets support of motorcycle boycott.

by on Aug.13, 2018

President Donald Trump has once again turn his focus on Harley-Davidson, with support of a boycott of the American motorcycle maker.

President Donald Trump is attempting to rally Harley-Davidson owners to boycott the company if it moves any of its production overseas.

In a tweet, Trump said that “many” Harley owners were going to boycott the company. The company earned the president’s ire after it announced plans to build some motorcycles at overseas locations to avoid the steel tariffs put in place by the Trump administration as well as the retaliatory taxes enacted by the European Union in responses.

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The company said it would lose as much as $100 million annually due to the move, which would raise the price of the motorcycle by more than $2,200. It also noted that all bikes sold in the U.S. are made in the U.S. (more…)

Can the Flintstones and Jetsons Sell America on EVs?

New ad campaign brings back two classic cartoon families.

by on Aug.13, 2018

The Electrify America ad campaign plays up the fun-to-drive aspects of battery-cars as much as their environmental benefits.

There’s an electrified revolution heading for your local showroom, with dozens of hybrids, plug-ins and pure battery-electric vehicles coming to market over the next few years. The challenge the industry faces is getting consumers to plug in. All forms of battery-based vehicles accounted for barely 3% of the total U.S. market last year.

Building awareness is a key goal for Electrify America, the project backed by $2 billion from Volkswagen, part of the settlement of its diesel emissions scandal. The 10-year effort makes its public debut this week with an ad campaign pitching the virtues of battery-electric vehicles. And to help get the message across, it’s borrowing the theme music from two Boomer-era cartoon shows, the Flintstones and the Jetsons.

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The first spot, dubbed JetStones, features a number of new battery-electric vehicles, or BEVs, and will air on national and local cable television, with a radio version running in both English and Spanish. At the same time, Electrify America will begin placing a network of high-speed charging stations across the country.

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California Thumbs Nose at Trump on Clean Air Standard

State plans to adhere to Obama-era rules.

by on Aug.10, 2018

California plans to stay with its tougher, Obama-era fuel economy and emissions standards.

The California Air Resources Board has come out swinging in its battle with over clean-air and fuel efficiency standards.

CARB, which will bear the burden of any clash with the administration, re-affirmed its commitment to the standards set in place by an agreement between the State of California and the Obama administration to ensure that cars and light-duty trucks for model years 2021–25 continue to meet standards that protect public health, save consumers money, and fight climate change.

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“Dirty, gas guzzling vehicles are a direct assault on public health and foreclose our ability to rein in air pollution and greenhouse gases,” said CARB Chair Mary D. Nichols in a statement. “California will take all actions to ensure that the smart standards we developed in partnership with the auto industry to cut greenhouse gas emissions from vehicles stay in place.” (more…)

China Locks Down American-Made Mercedes SUVs

Brake problems cited, but move comes as trade war heats up.

by on Aug.10, 2018

China has placed a hold on U.S.-built Mercedes-Benz SUVs due to a "problem" with the rear brakes.

Chinese customs agents are holding up a shipment of American-made Mercedes-Benz SUVs, ostensibly due to technical issues, but the timing of the move raises questions, coming just as the trade war between the U.S. and China heats up.

Following a move by President Donald Trump to impose new tariffs on Chinese goods, the Asian giant responded with its own new duties, including an additional 25% tariff on vehicles made in the U.S. That move will impact not only products from Detroit manufacturers such as Ford and General Motors but also European carmakers with U.S. assembly operations such as Mercedes’ parent Daimler AG.

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According to the Chinese, two Mercedes models, GLE and GLS SUVs produced between May 4 and June 12 of this year, are being help up at the port in Shanghai due what customs authorities have described as a “safety risk.” (more…)

Tesla Stock Tumbles Hard as Questions Mount About Proposal to Go Private

Investors are “raising a lot of sensible questions,” while the SEC also begins sniffing around.

by on Aug.09, 2018

Investors -- along with the SEC -- are raising concerns about CEO Musk's proposal to take Tesla private.

Barely two days after euphoric investors started snapping up Tesla stock, buoyed by a tweet from CEO Elon Musk suggesting the company was ready to go private, gravity has set in. After nearing an all-time record, Tesla’s share price settling back to barely above where it started.

While the battery-carmaker’s board – along with at least one major investor — has cautiously backed the idea, saying it will now explore the idea of taking Tesla private, there appear to be more questions than answers. One of the uncertainties is how the SEC is viewing what happened this week, the federal agency set to take a close look at Musk’s suggestion that “Funding (is) secured” to make the transition once Tesla stock hit $420 a share.

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That number was certainly a big jump from where TSLA shares began the day on Tuesday, just over $340 a share. By the end of the day it had rocketed close to Tesla’s record closing of $389.61. But concerns were apparent almost immediately with some analysts pointing, among other things, to the “420” in Musk’s tweet, a number more often used as slang for marijuana.

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SEC Amps Up Investigation of Tesla After Musk’s Buyout Tweet

Moving to "Private" mode.

by on Aug.09, 2018

Tesla CEO Elon Musk's tweets about taking the company private and having the funding to do it has the SEC's attention.

The Securities and Exchange Commission is ramping up its investigation of Tesla Inc. in light of CEO Elon Musk’s recent tweets about taking the company private at $420 a share.

More precisely, they are interested in his assertion that he already has the funding in place. According to a Bloomberg report, the SEC’s San Francisco office was already investigating the company and the recent round of tweets escalated its interest.

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Though it is not illegal for company officials to use to promote Tesla, talking about potential buyout prices and issuing other proclamations that could artificially alter the California-based EV maker’s stock price could be reason for an investigation and ultimately charges. (more…)

More Japanese Companies Guilty of Falsifying Emissions Tests

Suzuki, Mazda and Yamaha latest offenders.

by on Aug.09, 2018

Suzuki's Toshihiro Suzuki apologized to customers after it was discovered the company certified emissions tests on vehicles that actually failed.

Three more Japanese automakers admitted to using falsified emissions data to inspect their new vehicles after a government-ordered review of procedures by the automotive and motorcycle industries.

Suzuki Motor Corp., Mazda Motor Corp. and Yamaha Motor Co. each told Japan’s Transport Ministry they certified products after they’d failed emissions tests. They follow Nissan Motor Co. and Subaru Corp. in admitting to the improper inspections.

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Japan’s transport ministry ordered 23 Japanese auto and motorbike manufacturers to examine their inspection procedures in July following similar mistakes made by other companies at final product quality checks. (more…)

China Retaliates; New Tariffs Hit U.S. Auto Exports, Jobs

BMW, Mercedes, Ford, other makers could be hard hit, forced to cut American production.

by on Aug.09, 2018

The BMW X5 is the #1-selling American-made vehicle in the Chinese market.

The auto industry has found itself at Ground Zero as the U.S. and China escalate their trade war.

After the latest move by the Trump Administration to target Chinese imports, the Beijing government has announced it will strike back with 25% tariffs on $16 billion in imported U.S. goods. China previously enacted new duties on $34 billion worth of goods, bringing the total to $50 billion. And with the White House threatening to add another $200 billion to the U.S. list, the trade war could escalate rapidly.

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The latest round sees the Chinese Ministry of Commerce placing an additional 25% duty on a list of American products that includes coal, crude oil and metal scrap, as well as automobiles and motorcycles. A number of automakers could be hit hard by the new sanctions, including Ford Motor Co., Mercedes-Benz and BMW.

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