Category Archives: Auto Industry
“Musk might be a genius when it come to electric cars and space travel, but he’s a little bit of a numbnut when it comes to dealing with the SEC,” Stanford Law School professor and former SEC commissioner Joseph Grundfest said in a weekend interview with the San Jose Mercury News.
Uber investors forced C.E.O. Travis Kalanick out of the company he founded.
The resignation sent shockwaves through Silicon Valley and leaves Uber’s board of directors with the problem of finding a dynamic leader who also has a steady hand needed to heal Uber after a bruising six months.
Uber Founder Ejected
And here’s MIT Technology Review on Uber’s driverless car problem:
Its new CEO will inherit many problems, but a business plan based on the elusive dream of driverless cars is the largest.
There’s a new Ford plant in Mexico. Presumably Mexicans will stay in Mexico to work there instead of sneaking into this country to steal jobs here.
Donald Trump calls that an “absolute disgrace”.
Flint Michigan has third world tap water.
In a cost cutting move the City stopped buying water from Detroit and began building a pipeline to Lake Huron. Detroit cut Flint off before the pipeline was complete. The city began drawing water from the Flint River. People complained that the water was foul and smelly. The water department insisted it was safe.
The Flint water was so corrosive the auto industry stopped using it. The corrosion damaged pipes and caused lead levels to rise to five times acceptable levels.
Now it’s a huge infrastructure problem with no fix in sight. The entire population depends on bottled water passed out at fire stations.
The EPA didn’t acknowledge the water crisis in Flint until President Obama announced emergency federal help last week.
EPA also dragged its feet on its release of 3 million gallons of water from the Gold King Mine into the Animas River in Colorado last summer.
After seven years of dithering, President Obama killed the Keystone pipeline on Friday. He said the project wouldn’t make a meaningful long term contribution to the economy.
Matt Lewis in The Week explains the real reason the president took so long. Labor unions were for the pipeline and environmentalists were against it. Labor isn’t happy:
We are dismayed and disgusted that the president has once again thrown the members of [The Laborers’ International Union of North America], and other hard-working, blue-collar workers under the bus of his vaunted ‘legacy,’ while doing little or nothing to make a real difference in global climate change. His actions are shameful. [LIUNA, via The Hill]
New Canadian Prime Minister Justin Trudeau took the slap in the face more gracefully.