More than 49,000 workers walked off their jobs. Trump says he’s on their side. Will blue collar workers buy this messaging a second time?
Honda Motor Co. will invest $2 billion and take a 5.7 percent stake in General Motors’ Cruise self-driving vehicle unit, extending cooperation between the two automakers in a technology that has enormous costs and risk but no market-ready products.
The largest US automaker said that overly broad tariffs could lead to a smaller GM, a reduced presence at home and abroad for this iconic American company, and risk less – not more – US jobs.
About a century ago, when General Motors had first proposed adding lead to gasoline in order to improve performance, scientists were alarmed and urged the government to investigate the public health implications. General Motors stepped up and graciously funded a government bureau to conduct some research, but included a clause saying that it could approve the findings.
U.S. computer chip and processor giant Intel will acquire the Israeli smart car tech firm Mobileye in a deal valued at $15.3 billion.
Supplying such automotive giants as General Motors and Volkswagen AG, Mobileye is one of the key producers of the onboard vision systems that anchor current advanced driver assistance systems — as well as tomorrow’s autonomous vehicle technology. The acquisition will help position Intel as a major player in the development of smart and driverless car systems.
The threat from President Donald Trump to tax Mexican-made cars sold in the U.S. would throw the industry into disarray, analysts say, forcing some uncomfortable choices: Raise car prices or swallow the cost. Stop selling Mexican-made cars in the U.S. but risk losing customers. Move production to the U.S. but make less money.