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Posts Tagged ‘Trump news’

Even Ride-Sharing Battle Takes Unexpected Political Turn

Lyft donates $1 mil to ACLU; Uber takes heat on several fronts.

by on Jan.30, 2017

Uber CEO Travis Kalanick may be in hot water with Trump supporters and opponents after this weekend.

In a surprisingly contentious week in the United States, capped by nationwide protests over the U.S. immigration and travel ban, even business has taken on an unexpectedly political tone. That includes the fast-emerging ride-sharing business.

Uber and its and CEO Travis Kalanick took criticism from some Trump opponents after the ride-sharing company’s founder agreed to serve on the new president’s economic advisory council. But the heat was turned up after some accused the San Francisco company of trying to take advantage of a boycott of New York’s JFK Airport by competing taxi drivers. Chief rival Lyft, meanwhile, is stirring things up among Pres. Trump’s supporters for its weekend donation of $1 million to the American Civil Liberties Union.

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The line between the two companies is not as distinct as it might seem, however. But, if anything, Uber could find itself in hot water with both the president’s critics, as well as his supporters. (more…)

Musk and Trump: Strange Bedfellows, Indeed

EV innovator hails choice of oil exec for new Sec. of State.

by on Jan.25, 2017

Elon Musk, left, listens intently as President Donald Trump, right, talks during a meeting with leading U.S. tech executives.

At first glance, they might seem to be polar opposites: one has proclaimed his desire to save the world from the effects of global warming and environmental degradation. The other has declared climate change a “hoax” perpetrated by the Chinese, and is kick-starting two controversial oil pipelines while naming a former oil executive to be his new Secretary of State.

True, they both claim to be wealthy entrepreneurs, but the unexpectedly cozy relationship that is developing between Tesla Motors founder and CEO Elon Musk and new President Donald Trump is nonetheless taking many observers, especially those in the environmental community, by surprise.

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It wasn’t necessarily the decision to join the new president’s business advisory board – along with traditional auto industry leader Mary Barra, the CEO of General Motors – nor the White House meeting on Monday. But what really shocked Musk’s legion of fans was his Tuesday announcement endorsing the choice of Rex Tillerson as Trump’s Secretary of State. (more…)

Big Three Executives Hear Trump’s Plea for More Jobs

President offers regulation, permitting reduction in exchange for plants.

by on Jan.24, 2017

President Donald Trump, center, met with the CEOs of Ford, General Motors and Fiat Chrysler to discuss jobs.

Both sides appear to be still looking for a deal in the wake of President Donald Trump’s meeting with the CEOs of Detroit’s automakers.

Trump staked out his position in advance of the meeting, tweeting “I want new plants to be built here for cars sold here!” The automakers want less regulation and lower taxes, but don’t want their trade with Mexico or other countries disrupted.

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Trump apparently opened the meeting with GM CEO Mary Barra, Ford CEO Mark Fields and Fiat Chrysler CEO Sergio Marchionne by re-emphasizing the point made in his tweet. (more…)

As Promised, Trump Scuttles Trans-Pacific Partnership Deal

Move likely to make Ford executives happy.

by on Jan.23, 2017

President Trump signed an executive order today ending the country's potential participation the Trans-Pacific trade deal.

President Donald Trump signed an executive order announcing his plan to withdraw the U.S. from the Trans-Pacific Partnership trade negotiations, which effectively kills one of the few Obama administration proposals backed by Republican Congress.

Trump also re-iterated his plans to re-negotiate the North American Free Trade Agreement. Both moves indicate Trump views his stance on ending support for free trade as one of the most popular elements of Presidential program.

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It also shores up his support among perhaps the most restless part of his blue-collar base, workers in manufacturing industries in the Rust Belt states.  (more…)

President Trump Jumps on NAFTA Before Inaugural Speech Ends

Commander-in-chief backing up campaign promise on NAFTA.

by on Jan.20, 2017

President Donald Trump didn't waste any time jumping into governing, issuing a call to renegotiate NAFTA before his inaugural speech ended.

It didn’t take long for President Donald Trump to move from words to actions. As he was delivering his inaugural address, the White House issued statements saying Trump is pulling out of the Trans-Pacific Partnership and would take immediate steps to renegotiate NAFTA.

“With a lifetime of negotiating experience, the President understands how critical it is to put American workers and businesses first when it comes to trade,” the White House said in a release.

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“With tough and fair agreements, international trade can be used to grow our economy, return millions of jobs to America’s shores and revitalize our nation’s suffering communities.” (more…)

Trump EPA Pick Eyes Taking Power from California

Pruitt believes in states' rights, except California.

by on Jan.19, 2017

Scott Pruitt, Trump's choice to head the EPA, believes the agency has overstepped its authority.

The Trump Administration’s choice to head the U.S. Environmental Protection Agency highlighted the stark difference between his expected approach to issues involving automakers, if confirmed, and those of previous administrations during his Senate confirmation testimony.

Scott Pruitt, the former oil industry lawyer and Oklahoma Attorney General, who is President-elect Donald Trump’s choice to head the EPA, told a Senate committee he was a fervent believer in a “states’ rights” approach to environmental regulation and controls.

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However, at the same time Pruitt said that he planned to review the State of California’s right to set its own air quality regulations. (more…)

Honda Commits to $372 Million Canadian Investment

Despite uncertainty posed by incoming Trump administration, Honda presses ahead.

by on Jan.17, 2017

Honda's investing $372 million into its facility north of Toronto that produces the Civic despite uncertainty generated by Donald Trump.

Despite the anxiety created by the uncertainty about the trade policies of the incoming Trump administration, Honda Motor Co. plans to move forward with a $372 million project to refurbish and expand its Canadian Assembly plant located north of Toronto.

Honda will invest $372 million in its Alliston factory, with financial support from the federal government and province of Ontario. The governments of Canada and Ontario will each contribute $30 million during three years.

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In addition to retaining 4,000 jobs in Ontario, this funding will support advanced and clean technologies and position Honda Canada Manufacturing’s Alliston plants to be globally competitive for years to come, the Ontario Ministry of Development noted in a statement. (more…)

Trump Jabs Toyota in Mexico Tweet

President-elect uses same threat on Toyota as he did Ford, GM.

by on Jan.06, 2017

President-elect Donald Trump tagged Toyota in his latest tweet aimed at makers producing cars in Mexico.

President-elect Donald Trump has zeroed in on a new target on Twitter — Toyota.

Toyota announced back in 2015 that it was building a new factory in Baja, Mexico, to build Corollas for the North American market including the U.S. Trump, who has used Twitter of criticize Ford and General Motors for plant location decisions, has now turned his attention to Toyota, which an extensive manufacturing operation in the U.S.

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“Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax,” Trump wrote on Twitter Thursday afternoon. The post caused Toyota’s stock price to dip 1.7%. (more…)

Trump Considering Former Ford Boss Mulally for Sectary of State Post

Former CEO meets with President-elect about cabinet post.

by on Dec.09, 2016

Former Ford CEO Alan Mulally is a candidate for Secretary of State, in part, because of his experience with foreign governments.

Word is circulating that President-elect Donald Trump is considering former Ford Motor Co. Chief Executive Officer Alan Mulally to be the next Secretary of State.

Politico and other news sites report Mulally, who visited Trump Tower in New York, could emerge as a possibility, if not unusual, pick.

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Trump campaign manager Kellyanne Conway confirmed in an interview on Fox News this morning that Mulally met with Trump in New York on Thursday. She confirmed also that Trump is expanding his search and also met with Exxon Mobil chairman, president and CEO Rex Tillerson. (more…)

Trump Nominates Oklahoma AG Pruitt to Head EPA

Nominee likely to roll back many Obama administration initiatives.

by on Dec.08, 2016

Oklahoma Attorney General Scott Pruitt is President-elect Donald Trump's nominee to head the Environmental Protection Agency.

President-elect Donald Trump has chosen Oklahoma Attorney General Scott Pruitt to be the new head of the Environmental Protection Agency. The big-oil friendly AG has sued the agency repeatedly during his tenure and suggests that debate on climate change is “far from settled.”

Pruitt is Trump’s third agency head nominee – joining Housing and Urban Development Secretary nominee Ben Carson and Education Secretary nominee Betsey DeVos – to have deep philosophical differences about the mission of the agency that person will head.

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“The American people are tired of seeing billions of dollars drained from our economy due to unnecessary EPA regulations, and I intend to run this agency in a way that fosters both responsible protection of the environment and freedom for American businesses,” said Pruitt in the statement announcing his nomination. (more…)