Author: CNBC Online news

Tesla has signed an agreement to build a factory in Shanghai

The pop in Tesla’s share price is striking, he said, because the already cash-strapped Tesla just essentially made another financial commitment. “Even though a Gigafactory in China has been anticipated, now they have an agreement to finance the building of it,” he said. “That will put pressure on an already stressed balance sheet.” Even prior… Continue reading Tesla has signed an agreement to build a factory in
Shanghai

Trump tariffs could add $5,000 to price of new cars and trucks in US

“While we understand that the administration is working to achieve a level playing field, tariffs are not the right approach,” the Alliance said. “Tariffs on autos and auto parts raise vehicle prices for all customers, limit consumer choice and invite retaliatory action by our trading partners,” it said. “Automakers support reducing trade barriers across the… Continue reading Trump tariffs could add $5,000 to price of new cars and
trucks in US

Why it doesn’t matter if a Harley is ‘made in America’

So back to our original question, what does it really mean to be “made in America”? Since the 1980s, U.S. companies have been using this label in their advertising to push back against foreign competition as global production expanded into Asia and elsewhere. In this era of “America First,” the Trump administration has doubled down… Continue reading Why it doesn’t matter if a Harley is ‘made in
America’

Apps like Uber and Lyft could improve public transportation instead of undercutting it

The number of innovative transit partnerships is growing rapidly, but the jury is still out on what types of partnerships can yield win-wins for communities, companies and transit agencies. An overarching goal should be to increase mobility – that is, passenger miles traveled – while reducing vehicle miles traveled. This will only happen if ride-hailing… Continue reading Apps like Uber and Lyft could improve public transportation
instead of undercutting it