Coronavirus could derail Cadillac's plan for massive product rejuvenation
This time last year, General Motors’ luxury brand, Cadillac, had just finished moving its headquarters from New York back to Warren, Mich.Cadillac’s leaders wanted to be closer to vehicle designers and engineers as it embarked on an expansive product launch. Cadillac promised to roll out a new vehicle every six months through 2021.The brand’s sales needed a shot in the arm and it had the product plan to do it. Cadillac’s global sales were building momentum and Cadillac boss Steve Carlisle talked about an all-electric lineup by 2030.Cadillac ended 2019 with sales inching up by 1% to 156,246 veh...
Detroit Free Press
Mark Phelan: Here's how GM can finally turn electric vehicle technology into big profits, sales
Can General Motors finally convince buyers it’s a leader in electric vehicle vehicles and technology? With billions of dollars on the line and high-profile EVs in development for all its brands, the stakes have never been higher.GM has been the auto industry leader — briefly — in EV technology at least three times since the mid-’90s, with little to show for it.“GM has perennially traded leadership in electrification back and forth with Toyota,” Eric Noble of consultant The Carlab said. “They’ve invested billions of dollars for years.”So why is Toyota synonymous with the Prius hybrid, while GM’...
Detroit Free Press
Ford vehicle sales fell 12.5% in first quarter, F-150 still truck king
DETROIT — Ford Motor Co.’s sales fell 12.5% in the first three months of the year, the automaker said Thursday, following the dismal results of other carmakers who reported their numbers the previous day, as the pandemic closes dealerships across many parts of the country.The sales drop was the largest of the Detroit Three automakers with Fiat Chrysler Automobiles down 10% for the quarter and General Motors Co. off 7% as government-mandated stay-at-home orders and a souring economy slowed buyer traffic to a crawl.But the Detroit truck wars raged on, with Ford maintaining its crown as best-sell...
The Detroit News
Movie novels are still around, and they aren't all trash — just ask the Chicagoans who wrote them
CHICAGO — Recently, during C2E2 at McCormick Place, the Random House imprint Del Rey, which publishes Lucasfilm-licensed “Star Wars” books, made an unusual choice and offered the novelization of “Star Wars: The Rise of Skywalker” three weeks early. And so, visitors to the Chicago comic con bought up hundreds of copies, within a few hours.Then, hours after that, though the movie version of “Rise of Skywalker” was months old, it began trending again across social media: Excerpts from the book were posted, and though everyone had seen the film and knew the story and long ago decided if they loved...
Sanders suspends all campaign Facebook ads amid rumors he's dropping out of the Democratic race
Bernie Sanders suspended all of his Facebook campaign ads Wednesday on the heels of another stinging primary setback, sparking rumors that he’s about to drop out of the race.The Facebook ad freeze came after Joe Biden won Tuesday’s primaries in Florida, Illinois and Arizona, virtually leaving Sanders without a viable path to the Democratic nomination.The Facebook development prompted a social media frenzy, and several reporters tweeted Sanders had decided to suspend his campaign.But Sanders campaign communications director Mike Casca shot down the rumors as “absolutely false” in a tweet.Sander...
New York Daily News
SLPA wins Port Authority of the Year, Port Infrastructure Development of the Year 2020 | Daily FT
The awards being received by SLPA Logistics, Marketing and Business Development Director Upul Jayatissa and Operations Director Jayantha Perera from UAE Assistant Minister of Foreign Affairs and International Co-operation for Economic and Trade Affairs and DP World Group former CEO Mohammed Sharaf and Global Ports Forum Chairman Thomas NgSri Lanka Ports Authority won the GPF Awards for ‘Port Authority of The Year’ and ‘Port Infrastructure Development of the Year 2020’ for the third consecutive year at the Global Port Forum Awards 2020 held at the Hyatt Regency Dubai Deira, in the United Arab E...
Daily Financial Times
Lent in the age of the Impossible Burger: Do rules against eating meat on Fridays apply to fake meat?
CHICAGO — Meat is forbidden on Fridays during Lent, driving many Catholics and other observant Christians to partake in fish frys, seafood specials and McDonald’s Filet-O-Fish during the season.The explosion of plant-based proteins now offers more options, and a potential conundrum for the faithful: is it OK to indulge in juicy, beef-like burgers that ooze like the real thing but without the verboten animal flesh?Technically, yes. Faux meat products from the likes of Impossible Foods, made with soy, and Beyond Meat, whose ingredients include pea, rice and mung bean protein, do not run afoul of...
Activist shareholders again target Amazon with barrage of governance and social justice proposals
SEATTLE — Amazon is again the target of activist shareholders seeking changes at the company or more information about how it operates.In proposals that could be voted on at this spring’s shareholder meeting, they’ve asked the company to assess its business risks related to third-party sellers, worker health and safety and lobbying policies, among other topics.It’s the second year in a row that Amazon has been the focus of a campaign of shareholder resolutions related to environmental, social and governance issues coordinated by the Interfaith Center on Corporate Responsibility (ICCR), which a...
The Seattle Times
Taxing internet ads could raise lots of money, but doubts persist
Leading Maryland lawmakers seeking a way to help pay for a $4 billion, 10-year education plan came up with what they consider an innovative idea of where to get the cash: deep-pocketed internet companies.The Democratic proposal would tax Facebook and Google for every ad the companies run on the computer screens of Maryland residents visiting their sites. If passed, the plan would make the Old Line State the first in the nation to raise revenue by taxing online advertising.“Massive technology corporations have ballooned in size and influence over the last two decades,” wrote Maryland Senate Pre...
Where in the world are Detroit's entry-level vehicles?
Since its development of the Model T in 1908, Ford Motor Co. has been synonymous with building affordable, entry-level vehicles for the working class. By 1924 the price of a Model T Runabout had fallen to just $260 — the equivalent of about $3,900 in today’s dollars.Fast-forward to 2020, and Ford does not offer a single vehicle for less than $20,000 when delivery fees are included. And Ford is not alone. As Detroit automakers increasingly abandon affordable sedans for higher-priced SUVs, Asian carmakers are only too happy to pick up those entry-level sales and possibly gain loyal customers for...
The Detroit News