35 Burst results for "Lordstown"

Tesla Rivals are Moving Into High Gear -- and Going Public

Business Wars Daily

05:29 min | Last month

Tesla Rivals are Moving Into High Gear -- and Going Public

"From wondering I'm Elaine Appleton grant and this is business words daily on this Wednesday August Nineteenth David Brown's on vacation. Tesla has long had an image of being in both good and less good ways without comparison. CEO? Elon Musk stands out for his big vision and sometimes quirky behavior, and until now anyway, Tesla's all electric vehicles have stood head and shoulders above the competition coming from traditional automakers. Competition what competition I can almost imagine musk saying. Oh, but there is plenty coming tesla shares soared two, hundred, fifty percent this year. The company is now the most valuable automaker in the world according to. CNN. That's because Tesla which went public ten years ago is finally profitable. Tesla had a record twenty nineteen in posted its first annual profit last year despite the pandemic it's been profitable this year as well and that kind of performance and the stock market's reward for it is convincing more and more electric vehicle makers to go public and to try to woo customers away from Tesla last week, Ohio Electric Startup, Lordstown Motors Corporation, or L. M. C. said, it plans to go public by the end of the year. It's ticker symbol ride. If the deal goes through, the company will be valued at close to one point five, billion dollars. So who is Lordstown Motors to burst on the scene this way? L. LLC is a spinoff of another electric truckmaker called Workhorse. GROUP LORDS DOWN CEO Steve Burns is the former CEO of workhorse with LLC Burns resurrecting a project that we're course didn't have the money to do the company plans to release an all electric full-size pickup truck the Lordstown endurance in the second half of twenty twenty one that's according to journalist Alan. Adler, writing for trade publication freight waves. The truck will have a range of about two hundred fifty miles on a charge the same as Tesla's sci-fi looking cyber truck it'll toes seventy five hundred pounds alums. He says again, just like the chuck, the endurance will start at fifty two thousand dollars a good deal more than the cyber forty thousand dollar base price. But UNLIKE TESLA LLC plans to sell the endurance to commercial customers buying fleets of trucks since revealing the prototype on June twenty-fifth Ellen Mc says it's received more than twenty seven, thousand pre orders. That's one point four, billion dollars worth of trucks. NCO Burns says its first years worth of trucks are now sold out. That is if it can raise the money, it needs to actually make them l.. AMC. Bought the Lordstown Ohio GM plant that shutdown last year when GM killed the last Chevy Cruz that six million square foot plant needs retooling, which is costly MC plans to raise about six hundred and seventy five million dollars through its IPO. That boatload of cash could help it come through on its boast to be first to market among a group of EV pickup truck competitors in addition to Tesla that group includes Ford GM Nikola and Arabian a company backed by Ford and Amazon. So, here's the obvious L.. He doesn't yet have a product just a prototype if you're wondering how the young startup can go public without a product you should be. L. EMC is one of a handful of electric vehicle makers employing what's called a reverse merger that means the company that plans to make a product like LLC hooks up with the so-called blank check business. It's also called a special purpose acquisition company. SPAC. Is doing the reverse merger with a blank check company called Diamond Peak Holdings. Diamond peak is already publicly traded that means when the merger occurs. LLC. MC becomes public sort of like easing into a coat someone else has been wearing. This back door IPO method is easier for companies to do. They don't have to produce expensive roadshow's. Also, avoid a great deal of financial scrutiny by the SEC. One of the most famous reverse murders was Richard Branson's space company Virgin Galactic, Holdings and Fantasy Sports Company draftkings went public in a three billion dollar reverse merger. Last year according to the A. Times. The number of reverse mergers hit a record high last year. That's because the IPO market was volatile and high profile IPO's like Uber Fared. Poorly. It ain't cheap to build a new car company but Tesla's successes inspiring other entrepreneurs to try and they need oodles of money that helps to explain why another electric truckmaker nickel motors used a reverse merger to go public in June and vehicle-maker. FISKER has a reverse merger in the works. The is green truckmakers may see these back door IPO's as the speediest way to raise the cash needed to fight he'll in musk and rapidly launched their new products. Tesla's promising to deliver the cyber took by late twenty, twenty one which means that the deadline to beat yes. It may be tough to knock Tesla on it's pedestal, but LLC and a raft arrivals are sure going to try.

Tesla Tesla Llc Elon Musk Ellen Mc CEO GM Ohio Adler Diamond Peak Holdings Lordstown Motors Elaine Appleton Nco Burns CNN Llc Burns Lordstown Motors Corporation Steve Burns David Brown L. Llc AMC
"lordstown" Discussed on KCRW

KCRW

02:03 min | 3 months ago

"lordstown" Discussed on KCRW

"Turnage started working at the GM plant in Lordstown in nineteen seventy two doing everything from assembly to welding I used to have to lay down in the cars with my feet dangling underneath cooking up some wires the work was hard but the pay was good Turnage witnessed the plant's heyday when it was bustling with more than ten thousand workers and over the decades she saw a transformation I looked around one day and I saw a lot of the jobs were empty and more we replaced with robots it got lonely in I actually were going here and make friends say Hey how you doing bro talking to robots you know because I was all I had to talk to sometimes she retired but the plants with fewer workers was still a pillar of the local economy then GM announced it was killing the Chevy Cruze and shutting the Lordstown plant down workers were laid off or reassigned even those robots went idle and Francis Turnage she wept for everyone who had to move away and everyone who was left behind seem like it was just another blow so far this is a familiar story in this part of Ohio but it's not the end of the story those robots are powering back up as the plant prepares to make electric pickups for Lordstown motors earlier this spring dentition ski was coaxing a machine back to life for for the key it's sad you know for about a year and so tired you know if you don't give up in the morning your joints are working to get a lot of the tools designed to build the Chevy Cruze can be repurposed for the electric pick up George they're not as worked at the GM plant for thirty three years after it shut down he was retired and running a coffee shop I was just sitting around and putting on what extra pounds so now he's back in the plant testing out those old robots before reprogramming them something doesn't work the nice thing is we have a lot of extra robots that we're not going to need a huge chunk of the factory is dark cold and empty except for the occasional worker passing through on a bicycle the.

Lordstown GM Francis Turnage Ohio Lordstown motors George Chevy
"lordstown" Discussed on Into America

Into America

04:02 min | 7 months ago

"lordstown" Discussed on Into America

"Two were ardent trump supporters and the other two were Democrats and I was really struck by it. Because you know we talk so much about how divided this country is and somehow they're able to make it work and I would. Maybe there's a lesson in there for the rest of us think he's GonNa Save the world. The money's the family that's divided. The Dad took a transfer from one plant to another holly money. Says THEY WON'T BE SUPPORTING THE PRESIDENT? He is the president of the United States. So you can't you have to respect them that way but we are just. He could have done a lot more for the middle class rather than the upper class. He came here. Said don't sell your house. General Motors is going to be here. Maybe in cars and then a few months later it was closing. People are losing their jobs. Families had to move so any promises that he's made for our area. He did not keep last week they still had a decided which Democratic candidate they would vote for this Tuesday. I asked Erin whether any of this change in Lordstown feels like a good thing for their family. I mean there's some hope on the horizon potentially for the community and you know they're they're watching that but it doesn't really apply to them because there might be new jobs but Kevin Money you know he. He's looking toward retiring. Were with full benefits from GM. And there's only one way to retire with full benefits from GM and that's worth five more years at GM. So from their perspective is a little bit irrelevant. You know what's going on because their fate has already been determined. You know his job is gone and the only way he can continue to have. That job is to commute to Toledo. I missed my dad and most and most and I'm getting ready to go down for the night. All the fear unsoundness wash over me like a wave. I'll get think about is how US alone did in a different city alone. Thou- As to protect him and Mary here without him to protect us with all my Dulcie. My father everyday. If you'll see a piece of our lives of our piece of our lives are missing. Him knows when the peace will come back. Come back in place maybe. Gm will reopen with a new vehicle. Make maybe congressman. Tim Ryan will become president and get something back here for us. Many we will eventually have to move up. Some others to because of the stress of broken families need it to be avoided. There is no answer yet. All I can say the money families Sean. We live in hope that we all live at strong family. The economy changes. And we don't always talk about kind of how that trickles down and affects the kids. But you know. Here's this one family with this one story about you. Know how a decision made by a corporation based on business projections kind of trickles down and affects the way. A little girl is going to play basketball when she goes out for her team on the first day that her dad's not there rooting for her in the stands every nine worn. Nash reporter for NBC. News into America is produced by Isabel Angel. Alison Bailey Aaron Dot. Max Jacobs Bar. Rab Claire Tie. I should turn her an pretty Var thon music by Hanns Brown. Our Executive Producer is ellen. Franken Steve Lik Tai is executive producer of audio. I'm mainly we'll be back next Thursday..

PRESIDENT General Motors Kevin Money United States Franken Steve Lik Tai Alison Bailey Aaron Dot Rab Claire Tie Max Jacobs Bar Executive Producer Tim Ryan Lordstown Erin Hanns Brown president congressman basketball Toledo Dulcie America Isabel Angel
"lordstown" Discussed on Into America

Into America

09:34 min | 7 months ago

"lordstown" Discussed on Into America

"To understand this circle of industrial life errands. Soccer people across the region who have lived through the ups and downs. And there's this one guy who is watching this story play out for years and business is closely tied to the health of Lordstown as I was getting ready to go down to the Mahoning Valley and talk to people and I said well you know where should I go. Where are the places I need to go and everybody said? Oh well you you gotta go to Ross's so yeah we're going to Ross's eatery and pub which is a local watering hall. That has has long been kind of a hang out for people who worked at the facility. We were there on Thursday afternoon around lunch and it really is one of those places that just seems to draw everybody. You know a wooden bar and kind of the back of the room you not of color and light. There's actually a lot of deer heads every one of them or we want them. And then we met earl- Ross and Earl Ross is one of those guys who just it's like. He was just meant to own a bar. I am one of the founding owners. And I'm a sole proprietor. Now my father and my sister and myself started at one thousand nine hundred seventy. What's changed since one thousand nine hundred seven? Oh what a roller coaster ride that has been. I had hair that change. There is almost ten thousand members working three Shifts General Motors. You know at seven. Am You get to third shifter's getting off they'd come over to eat at three? Pm You'd get the afternoon people or day people getting off and then at eleven pm. You shifter's getting off so three times a day. You had twelve hundred or thirteen. Fourteen hundred people driving through the community. All of these workers didn't lose their jobs overnight. The demise of the GM Lordstown plant was gradual as Chevy Cruz sales slowed GM cut one shift. Then another three thousand workers were laid off between January twenty seventeen in June two thousand eighteen president donald trump who campaigned on a pledge to bring back. All jobs held a rally in Youngstown in the summer of two thousand seventeen just twenty minutes outside of Lordstown. He told workers then they shouldn't worry. Let Me Tell You folks in Ohio under this area. Don't sell your house. Don't sell not salad. We're going to get does values up. We're going to get those jobs coming back. And Wigan a fill up those factories or rip them down a bill brand new ones. So it's going to happen but two years later. The plant shutdown. So who's to blame at the time? There were a lot of explanations batted around there was the impact of the trump administration's tariffs which increased the cost of producing vehicles. Gm pointed the car. Sales folks no longer wanted fuel-efficient starter. Cars like the Chevy Cruz they trucks and as vs and the company they wanted to be nimble to pivot to hybrid and electric vehicles and invest in self driving cars. But there were serious consequences. One study estimated that the closure could cost the region around eight billion dollars in overall economic activity that includes people like Earl Ross. Who told Erin that he depended on those? Gm workers for consistent business as he described it as just the rug being pulled out from under him and suddenly his revenues are down sixty percent and he's got to figure out a way to somehow make it work. The Punch in the gut was the going away party. Crafter going away party after going away party. You know he talked about how since the Lordstown plant closed. He's hosted at least a hundred going away parties in his bar them groups of twenty then groups of fifteen groups of forty coming here for their last drink their last celebration their last dinner before they leave town. Everything was the exact same thing. Can't believe it you know it's sad and then these families split up and these friends split up these people who grew up together riding bikes together in the Mahoning Valley. They got jobs together in the plant. They raise their children together with the wages they were getting from the plant they are from this community and then all of a sudden they're all having going away parties and they're leaving. You met a family that is still struggling with the loss of GM the money family. Tell me about your meeting with them. We met the money family who live in Niles Ohio which is not far from Lordstown. I'm Pauline Karen Claire. Nice to live in a lovely kind of suburban community on a on a street that had a lot of single family homes two car. Garages her having her. So there's Kevin Money Who works for GM his wife Holly? I work For our local city the city of Niles and Three kids Cole. Who's sixteen claire and Brooke and Jules who are thirteen year? Old Twins were identical. Yes well one of you need glasses. And the other doesn't yes tonight's house. We sat in the kitchen. Which was all decked out for Saint Patrick's Day holiday I decorated do. And what was life like for them before the plant closed. You know they describe it as this wonderful family. Life of the five of them together and Kevin. Money was the coach of his kids. Basketball team they talked about how he he loved to take. The family out for treats he just show up spontaneously. Hey kids let's go get a desert when the kids were little. I was able to be a stay at home. Mom with them he worked in. I was able to be home with them and until they went to preschool and then I started working after they were fulltime in elementary school sued. You have a sense you know ten years ago or five years ago that this was coming no no should. It felt like GM that job was going to be forever. We felt it was going to be. Yes yes we were comfortable with him going to work. A lot of people from this area were loyal to General Motors. What did they tell you about finding out about the planned closure so GM announced that it was closing the plant or on allocating Chevy Cruz from that plant in November of two thousand eighteen right then Kevin the applied for transfer. Any you know wanted to try to put himself as close to home as he could and he gets the job in Toledo two and a half three hours away and he gets the word they said right before Christmas he got the notice on December. Twenty second it was a Friday. He received it at work and that was Christmas weekend so he gets to notice it work. Does he call you know he waited to tell me that night? He just probably went into in the room late on the bed and shed some tears and then when I came home he said we need to talk in. We cried and cried My husband and I have a great relationship. He's my best friend and family. We always did everything together. We would sit and have dinner where we go out to dinner together. So just knowing that he wasn't going to be here every night. Go to bed or to have dinner together. We that was traumatizing. And then we held it from the kids until the day after Christmas and remember you described it. That Dad has to leave. Dad has to move away. We're going to try everything that we can to keep life as normal as possible for everybody. Tell your memory of that guy off ahead of slate feeling. Something was going on mainly because my dad's been down in his office at a lot prior to that date in the one day. I'm crying in there. And he ended up talking to me and he said he had put in for a transfer. I had to know why I had no clue or reasoning behind it but I knew something was happening. It was like somebody had honestly died. It the feeling felt like there was a death in the family. And they're actually a lot luckier than most because he's able to come home every weekend and be with his family but they had had this life that they loved. You know this this tight knit family that that did everything together when your husband is added to transfer I mean was there any consideration of quitting GM or. That wasn't something we we talked about all possibilities but for him to leave. Gm with twenty five years in and to walk away from a pension. Hopefully.

GM Lordstown earl- Ross Chevy Cruz Kevin Money GM Lordstown Mahoning Valley Soccer Ohio donald trump Shifts General Motors Pauline Karen Claire General Motors Saint Patrick Basketball Niles Ohio Niles Youngstown Erin
"lordstown" Discussed on Into America

Into America

02:34 min | 7 months ago

"lordstown" Discussed on Into America

"We are right outside the the Lordstown plant and there's a must be an old billboard just a blank wouldn't sign plywood it looks faded and weathered and somebody had written in black spray paint on the would save the GM plant and then at some point later somebody came and wrote in white spray paint on top of it. Just the letters R I p. This is Lordstown Ohio for more than fifty years. It shared a name with a General Motors Assembly plant for the last decade. That plant was home of the Chevy Cruz. Nbc News National Reporter. Aaron Einhorn traveled from Detroit to this part of Ohio with producer. Claire Tied Lordstown Assembly. Plant was once one of the largest automobile plants within General Motors on March. Six Twenty Nineteen. The last shift of fourteen hundred workers packed up their things. And we're forced to move on today. Gm Lordstown Lordstown is closed over the years this region which is known as the Mahoning Valley has lost tens of thousands of manufacturing jobs. Starting the steel mills close in the seventies and eighties but the GM plant had been a constant in an area that have dealt with change over and over again and it's a region that that over the last fifty years really built up around General Motors. Everybody there knew somebody who worked in the plant. Multiple generations of families were were invested in that plan. And now it's gone I'm mainly in. This is into America. A podcast about politics about policy and the power. That both have in shaping the lives of the American people today. We're going into the Mahoning valley with my colleague Erin Einhorn one year after last. Chevy Cruz wrote off the line. We'll find out what the plant's closure means for the families who worked there for decades and why some people in the region are feeling hopeful about the future. I think the lion king a called the circle of life into the circle of industrial.

GM General Motors Lordstown Ohio Mahoning Valley General Motors Assembly Lordstown Chevy Cruz Lordstown Lordstown Aaron Einhorn Erin Einhorn Chevy Nbc Claire Reporter America Detroit producer
Trump budget targets loan program that could help Lordstown

Newsradio 950 WWJ 24 Hour News

00:23 sec | 8 months ago

Trump budget targets loan program that could help Lordstown

"The trump administration's budget proposal kills a loan program that could help but I'm startling trick card company reviews the now closed General Motors factory Lordstown Ohio Lordstown voters is asking for a two hundred million dollar loan possibly it's thinking about it from the advanced technology vehicles manufacturing loan program it's also getting a forty million dollar loan from

General Motors Lordstown Ohio Lordstown
GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio

Woody and Company

00:30 sec | 10 months ago

GM, LG Chem to build $2.3 billion electric vehicle battery plant in Ohio

"In Lordstown Ohio new electric vehicle battery plant is set to create over one thousand new jobs in the coming years Ohio lieutenant governor John Hughes did was on hand for the announcement this week with TI am an LG chem represent eleven hundred jobs in an emerging sector of the auto industry that has a bright future and they'll be good job puts Ohio on the map in terms of electric electrically powered vehicle groundbreaking for the plant is expected to come in the middle of

John Hughes Ohio Lordstown Ohio
GM workers end 40-day strike after approving new contract

The Savage Nation with Michael Savage

00:15 sec | 1 year ago

GM workers end 40-day strike after approving new contract

"And the U. A. W. ins it's forty day strike against General Motors workers approving a new labor deal with better pay and pledges of investing billions in US manufacturing GM gets to move forward with closing three US factories including one in Lordstown

United States GM Lordstown General Motors Forty Day
UAW GM Council recommends approval for tentative deal

America's Truckin' Network

00:30 sec | 1 year ago

UAW GM Council recommends approval for tentative deal

"The UAW GM council has voted to recommend for ratification the contract UAW members start voting today on the tentative contract with General Motors but they will be staying off the job they have also recommended that we remain on the strike one until the vote on ratification Brian Ross and bird with the U. A. W. the agreement confirms the closure of the GM plant in Lordstown I'm

General Motors Brian Ross UAW GM
Closed GM Plant Is Part Of Larger Negotiating Strategy For Striking UAW

NPR's Business Story of the Day

03:52 min | 1 year ago

Closed GM Plant Is Part Of Larger Negotiating Strategy For Striking UAW

"Negotiations between General Motors and striking autoworkers revolve in part around a plant that has shut down six months ago the last Chevy Cruz rolled off the assembly line at Lordstown Town Ohio Emel sheltie reports on what workers are doing now when the UAW last struck General Motors in two thousand seven the thousands of members in Lordstown were ready. They packed the two local union hall signing up for six hour shifts at the nine gates of the sprawling plant in northeast Ohio. Things are very different now. After only a handful of retirees and other volunteers are holding up picket signs celebrating the honks of support from the occasional truck passing by the West Gate here behind behind them are hundreds of acres of empty asphalt surrounding a plant that once employed more than ten thousand people and now employs only ten the picketers sum up why in just just a few words Brotherhood brothers and sisters supporting make it or Ed Rendell says it's a matter of just showing up to represent this place. Somebody's he's gotTa be here. I mean you know if there's no one here which is a signal that we're given up on this player. Rachelle Carlisle isn't giving up. She and her husband are among the thousand. GM employees who transferred to other plants. She's coming back from Michigan. This weekend joined the Lordstown picket line others are on their way to from Missouri Tennessee Kentucky Kentucky. We all keep in contact with each other or all spread out all over the country but also there for each other nearly all the local union leaders were among those who transferred away from here that left it to retirees like Bill Adams to step up. Hey No we don't have a statement. They were using the wreckage. Staples Atom says what the group lots numbers. It makes up in passion. I A lot of anger what happened. The can't understand why a plant that's produce just over sixteen million cars and fifty three years is all of a sudden useless to General Motors. They don't understand that. GM says what happened was pretty simple. American stop buying hang small cars it reacted by cutting shifts and then finally closing the plant in March. Bill Adams doesn't by the company's argument. GM made more than ten billion in dollars in North America last year and the local union has long argued that it could have shifted production of another vehicle here but GM says it has way too much capacity even for better selling trucks. SUV's Adams raises an eyebrow when asked about proposals GM floated just hours before the strike deadline. It was to build electric electric vehicle batteries near here. GM also is negotiating with an electric trucks start up to buy the Lordstown plant but even if both things happen the likely to hundreds of jobs not thousands the former Lordstown workers understand their plant is just one part of a much larger negotiating strategy. When Eric Loomis wrote his book a history of America intense strikes he devoted a chapter to the nineteen seventy-two Lordstown strike back then younger workers wanted more control over working conditions and the fierce clashes between Labor and management extended well beyond the three week strike in the industry that confrontational culture became known as the Lordstown Syndrome and Lordstown is now idled that action played a role in this strike. I think we're seeing a return to the strike as a weapon in in part because a lot of the other options that workers have tried to make life better for themselves shown to say they're not working and workers are getting more determined in a little more desperate when GM am closed the plant it said it recognised and regretted what it was doing to workers but it had to think about the long term viability of the company U. A. W. Members here are also also thinking about viability and they're determined to try to keep their plant an active part of not only the negotiations but of the nation's labor consciousness for N._p._R. News I'm L. Solti.

General Motors Lordstown GM Bill Adams Lordstown Town Ohio Emel Ed Rendell Ohio Rachelle Carlisle UAW Chevy Cruz West Gate Eric Loomis Staples Atom L. Solti Michigan North America
Savior of G.M. Lordstown Plant, Hailed by Trump, Is a Corporate Cipher

Mike Gallagher

00:26 sec | 1 year ago

Savior of G.M. Lordstown Plant, Hailed by Trump, Is a Corporate Cipher

"News. The New York Times says the plan buyer for GM's Lordstown plant in Ohio, which may news earlier this month when President Trump beat GM to the punch in tweeted about the potential deal exists almost entirely on paper. The new venture would be affiliated with workhouse group Inc. Makers of electric trucks and aircraft. The time says the business would have to raise at least three hundred million dollars to get the plant running again and there's no sign. The money has been raised, or committed from any other

GM Workhouse Group Inc President Trump The New York Times Ohio Three Hundred Million Dollars
Trump may have made it more difficult for the US to 'win' its trade war with China

Washington Today

08:35 min | 1 year ago

Trump may have made it more difficult for the US to 'win' its trade war with China

"Washington. President Trump says the US would raise tariffs from ten percent to twenty five percent on more than two hundred billion dollars worth of Chinese goods and increase would take affect at twelve. Oh one tomorrow morning unless. Settlement can be reached the threat following charges that Beijing has been trying to backpedal and essentially renegotiate earlier greets. But in the meeting with reporters at the White House earlier today, President Trump also indicated that he received what he described as a beautiful letter from the Chinese president Xi Jinping and would probably speak to him as negotiations continue more from the White House, the vice premiers coming here today, we were getting very close to a deal, then they started to renegotiate the deal. We can't have that. We can't have that. So our country can take one hundred twenty billion dollars a year and tariffs paid for mostly by China, by the way, not by a lot of people try and steer it in a different direction really paid out of his faith for by largely by China. I'm businesses will pour back into our country. So instead of making the product it'll be the old-fashioned way the way we used to do we made our own product. And I think things are going along pretty well. But a large group delegation headed by one of the most respected men. Highest officials of China will be coming in today. They started five o'clock, and they'll see what they can do. But our alternative is is an excellent one. It's an alternative. I've spoken about for years. We'll take in well over one hundred billion dollars a year, we never took in ten cents from China nut ten cents, and it'll be a I think it'll be a very strong day, frankly, but we'll see it was their idea to come back. Just wrote me a beautiful letter just received it and I'll probably speak to him by phone. But look we have two great alternates. Our country is doing fantastically. Well, our numbers at three point two. Don't forget three point to the first quarter is always by far the worst quarter, or at least almost always you look back over the years. First quarter is always weekend. We had three point two GDP. Our unemployment numbers of the best in the history of our country. And we're doing well companies are really doing well, even in Ohio the great state of Ohio yesterday General Motors at my verse stronger jink to put it mildly, very stronger. I wasn't even nice about it. But I appreciate what they did. They sold the the beautiful plant Lordstown they sell that beautiful plant to very very good company that's gonna make electric trucks and that work because I was the only thing they could say about our whole economy Lordstown, they kept saying Lord style Lordstown. And when you had all these great companies spending, billions and billions of dollars coming into our country. They couldn't talk about it. That only mention the one plant. That was a GM plant from a very long time ago. And now, we have a great company going and going to make electric trucks, very appropriate. Those remarks by the president earlier today at the White House and joining us on the phone here in Washington as Bob Davis. He is senior editor for the Wall Street Journal, and can you walk us through specifically the issues on the table between the United States and China? Well, you know, now there's one big issue one big issue. And that is whether the US will go ahead and raise tariffs on Chinese goods, two hundred dollars of Chinese goods. From ten percent to twenty five percent. That is the issue that is dwarfed all the substantive issues that have come before it from China's point of view. Tariffs go into effect. They'll they'll be forced to retaliate if they do that. We're down further down a rabbit hole. This could really create a trade war between the two leading economies of the world. We've been on the edge of a trade war. This is like in trade terms, like high noon, I mean, you know, this is bad as as fraud moment as you get in trade negotiations. So how did they resolve this? Well, one or two ways the Chinese come with concessions that the US considers to be significant enough to either hold off tariffs or to just put tariffs in place for a period of time while they work out work out a deal and get back to this substantive issues that divide in Asians, or you know, it doesn't work out. I mean that the tax go in and we're in for a long period of. Very. Problematic economic news and get these are tariffs that obviously American consumers would see and feel every day the president often mentions the stock market and we've seen some wild moves over the last couple of days because of the uncertainties so where does that put the president? Well, president is a guy who believes in tariffs he calls himself tariff. Man, I think that is actually the way he thinks about things. I think if the market I think the markets had Sumed has had many other people that we were on the road to a deal if it becomes if the talks fell apart and tariffs are put in place in look like me and place for for a long period of time. I would imagine Mark through react very negatively. And then we'll take a look and see how much same power. The president has the face of falling stock market. We're talking with Bob Davis senior editor for the Wall Street Journal does this potentially have any impact on inflation. Possibly probably not. I mean, you know, so we're talking about. Increasing tariffs on two hundred billion dollars of goods from ten percent to twenty five percent. The types of goods that we're talking about on for the most part aren't the sort of things you seem WalMart. I mean, they're they tend to be electron of components mechanical parts, you know, things that go into other things. So yeah, I mean go up, but it'll be hard on a machinery on a piece of machinery to tell. You know, how much of that is from a tariff on the other hand if the president the president is increases threats today, and he's said that they're starting the process of. Of imposing tariffs on three hundred and twenty five billion dollars worth of goods. That's so far haven't been subject to tariffs. And those are the things that Americans buy all the time in WalMart and other stores like iphones and cell phones and clothing there, you, you know, I don't know if it's a big enough impact to to affect the consumer price index overall, but you'll see it. I mean, if you're consumer you'll notice it if the price of an iphone goes up twenty percent because of a tariff, that's not something you're gonna miss and two key players on the US side. The Treasury Secretary Steve Mnuchin part of these negotiations into the evening, and Robert lighthizer who is a presence top trade negotiator. What can you tell us about these two individuals -pointment as it might be in terms of trade with China? Well, I mean, they very different outlooks and represent very different constituencies. So lighthizer trade Representative is is a longtime China Hawke who largely wanted the USC our job. So he kid finally get a chance to take on China. And try to write what he felt were the wrong that China was committing economically. He pushes his heart as he can harder. I would say the president for a tough deal that would fundamentally change Chinese economic policies. The Treasury Secretary has a different portfolio. I mean, he is portfolio is keeping the US economy humming along in the global economy, you know, few problems as it can have. So he's been pushing much more for a deal. He is kind of a dove in the, you know, in this bifurcated world while visors hawk one thing to note is that the Chinese Trayvon boy a guy named Lou her is meeting today having dinner tonight only with lighthizer not with Mnuchin, which is different than the way. It's been in the

President Trump China United States White House Walmart Wall Street Journal Beijing Bob Davis Senior Editor Xi Jinping Ohio China Hawke Washington. USC General Motors Fraud
"lordstown" Discussed on WTVN

WTVN

02:34 min | 1 year ago

"lordstown" Discussed on WTVN

"To get the law. Lordstown plant reopened despite a tweet from President Trump Wednesday saying there's now a deal to sell the plan to accompany the makes electric trucks. I'm assuming General Motors. You know believes that this can actually work can work for the people in in in large town. So we have to now. Become involved, and do whatever we can to to assist. The line says GMC Mary Barra indicated that the still contingent on approval from the United Auto Workers union, which could happen late this summer. Trump Sweden also indicated GM when reinvest seven hundred million dollars into three other sites in Ohio creating four hundred fifty jobs, Ohio, Lieutenant governor John Houston says workhorse company reportedly bind, the Lordstown plant is on the rise had the opportunity to be at their facility on a number of occasions. It's a promising Ohio company that is leading in electric vehicle technology. They're converting products right now for companies like UPS workhorses also reportedly has about one hundred please would need a major increase in employment to fill the former GM plant a protest plan this morning for Columbus teenager, whose charleena's shooting death of her boyfriend, the gathering is on behalf amazing Saunders. Who's who has a hearing on whether she'll be charged as an adult for the death of Julius tape back in December. He was shot dead. By an undercover police swan off. Officer as they were investigating a series of armed robberies. Police said tape pulled gun on the officer and was shot dead. Saunders was charged with murder under Ohio's felony murder rule where an accomplice can be charged a co-conspirators death during the commission of a crime. Protesters want charges against Saunders drops bond set at thirty thousand dollars for the pike county woman who's accused of encouraging the abusive her youngest child by her older children. ABC six is Alexis Moberg versus Thirty-one-year-old Lindsey freely with Sean coaching the abuse video posted the social media encourages for ten and twelve year old to continue to hurt her. You can also hear her say come on. You're not doing it enough puncher in the head as the girl screams in pain free lens. Also indicating the children's should not hit the girl in the face. So the bruises wouldn't be seen at school freelance charged with child endangering and domestic abuse a championship sports team come into the White House today. The Boston Red Sox beat the Orioles last night in Baltimore. And today they'll make the short trip south to Washington to visit the White House. The team is here to celebrate their two thousand. Eighteen World Series title, but like most visits by professional championship. Sports teams. There's some controversy Red Sox manager Alex Cora said last weekend. He will not be joining his team because his native Puerto Rico.

Ohio Saunders tape Boston Red Sox General Motors Lindsey Officer Alex Cora White House Lordstown murder GMC United Auto Workers union GM President Mary Barra Orioles pike county
GM Might Sell Its Lordstown, Ohio, Plant to Workhorse

Vickie Allen and Levon Putney

00:39 sec | 1 year ago

GM Might Sell Its Lordstown, Ohio, Plant to Workhorse

"General Motors is now saying it is in talks to sell factory Lordstown Ohio doing electric vehicle manufacturer, lower sound five plants GM at plan to close GM calling the possible sale of the Lordstown plan to e truckmaker workhorse a win win. But the UAW says GM should keep the plan and give it a new product L. M C automotive analyst, Jeff Schuster says the announcement means hope this keeps a plant that was slated to be closed up and running and keep some level of jobs in in the in the city of Lordstown GM also says it'll keep its Ottawa Ontario plant openness parts plant, but with far fewer

GM Lordstown Gm General Motors Jeff Schuster Lordstown Ohio UAW Analyst Ottawa L. M C Automotive Ontario
"lordstown" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

02:59 min | 1 year ago

"lordstown" Discussed on NewsRadio 1080 KRLD

"Sell its factory and Lordstown Ohio to an electric vehicle manufacturer Lordstown is one of five plants that GM is planning to close more from CBS Jeff Gilbert GM calling the possible sale of the Lordstown plan to EV truckmaker workhorse a win win. But the UAW says GM should keep the plan and give it a new product. L MC automotive analyst, Jeff Schuster says the announcement means hope this keeps a plant that was slated to be closed up and running and keep some level of jobs in in the in the city of Lordstown GM also says it'll keep it Ottawa Ontario plant openness parts plant, but with far fewer jobs. Jeff Gilbert, CBS news, Detroit, rideshare drivers for companies like Uber and live. Lived in ten cities. They went on strike today. Drivers also encouraging passengers to temporarily boycott those ride hailing services Hoover points to a recent study showing drivers nationwide earned an average eighteen dollars and sixty five cents an hour before expenses. But experts who studied the company say it can and does change it's rates constantly experiments on the working conditions of drivers accept. This is not a free consumer experience people depend on Oprah to earn their living when near boss experiments on how much you get paid without notifying, you that can really rankle drivers for both Uber and lift which went public in March are calling for changes, including better benefits, more transparency and higher wages for a lot of drivers. This is a good bad job compared to their alternatives because it comes with the digital scheduling flexibility that they might not have if they're working retail in other ways. There's a lot to be said for prevents like come to this type of work. Hoover says since twenty fifteen dry. Have earned nearly eighty billion dollars with an additional one point two billion since tips were introduced two years ago, but in its appeal filing the company says as we aim to reduce driver incentives to improve our financial performance. We expect driver disatisfaction will generally increase. Jamie Yuccas reporting among the cities affected by today's rideshare stoppage, Chicago, Atlanta, and Washington DC. Here's a quick update on some information. We gave you earlier this hour on KRLD. It looks like another tornado warning in the Brazzaville valley, including Texas university in college station, just seeing another code maroon alert from am on Twitter. It may be the way the online cookies crumble Google is working on a revamp of its crown chrome browser. The online giant is doing this in an effort to limit the number of tracking cookies that electronially stock you as you roam through. The internet at the heart of the browser tweak is coating to make it easier to dentistry, the kinds of cookies used by third party, websites and advertisers to steer services and products your way, the new chrome.

GM Jeff Gilbert GM Hoover CBS Lordstown GM Jeff Gilbert Lordstown Ohio Jeff Schuster Lordstown UAW Google Jamie Yuccas Oprah Detroit L MC Brazzaville valley analyst Twitter Ontario Texas university
President, General Motors And Twitter discussed on Rush Limbaugh

Rush Limbaugh

00:19 sec | 1 year ago

President, General Motors And Twitter discussed on Rush Limbaugh

"The president says General Motors has agreed to sell the now shuttered Lordstown plant to a company that will build electric trucks on Twitter this morning. The president says he was told by the CEO of GM that the company will also be spending seven hundred million dollars in Ohio and creating over four hundred jobs at three separate

President Trump General Motors Twitter CEO Ohio Lordstown Seven Hundred Million Dollars
"lordstown" Discussed on WJR 760

WJR 760

02:57 min | 1 year ago

"lordstown" Discussed on WJR 760

"He was working on the Lordstown Ohio GM plant closure. He wants it reopened. He said that he would restore funding for the Great Lakes restoration programs and the government was close to finalising money to build a new Sulak. Preliminary findings from the European plane crash show the anti feature on the Boeing plane automatically activated before the plane nosedived into the ground health officials say McComb county, they confirmed a measles exposure location. A Bank of America branch on Romeo plank road, March nineteenth somebody with measles came in and would have exposed people in the building to measles. Get ready for Einaudi for construction. I ninety four will close at nine pm on Detroit's east side for a weekend bridge work the freeway won't reopen until five AM Monday. And that's not all it'll be an entire construction season of work on I ninety four in the area. Diane cross dot says well have to find new ways to get around including the. Post a detour on ninety four you're coming from roughly telegraph all the way to the city decide you're gonna find the freeways open weekdays it's going to be the weekend that ninety four seventy closed everywhere of getting into downtown for that type of thing that where people are really going to have to plan ahead and learn to use some of the more local roads at grand river, gresh, other. Prosecutors are voicing their opposition to the decision in Chicago of charges against Jesse small at being dropped. Correspondent Ryan young reads part of a statement from the Illinois prosecutors bar association over the past few days regarding the Cook County state's attorney's handling the Justice Malik's. They don't condone any part of this. They actually thought it was not as ethical as they thought it should be. So now, you have someone else weighing in all this. And we're told there will be a protest out in front of the courthouse by police officers on Monday. So this is just not over. There was more room in the womb. Bangladesh woman with two wome gave birth to twins twenty-six. Six days after delivering a baby. Boy, Jared news time eight oh four. Here's Steve Courtney sports Richard way, back in one thousand nine hundred forty Indians hall of Famer Bob feller threw a no hitter on opening day. Jordan Zimmermann Tigers starter made a bid to do exactly that. He was perfect in Toronto yesterday afternoon through six and two-thirds. He would go on to give up one hit in seven innings of work. Kristen Stewart came through with a two run shot in the death. Dramatic win for the Tigers. Do nothing over the blue Jay Sam team 707 tonight. Matthew Boyd gets the ball for the old English deers. Okay. We've been talking about how good the defense is for the Texas Tech red raiders number one in the country. As a matter of fact, Michigan coming in number two in that category. Give the nod to the red raiders and Sweet Sixteen action last night. They get a sixty three forty four win sixteen field goals that was it for Michigan last night. Thirty two percent shooting from the floor. Just not good enough..

measles Michigan Great Lakes Jordan Zimmermann Tigers McComb county Ohio Sulak Boeing Einaudi Kristen Stewart GM Detroit Tigers Matthew Boyd Bob feller Ryan young Cook County Chicago Diane Bangladesh
Trump Wants GM CEO 'To Do Something Quickly' to Reopen Ohio Plant

Dennis Prager

00:30 sec | 1 year ago

Trump Wants GM CEO 'To Do Something Quickly' to Reopen Ohio Plant

"Com. President Trump is urging General Motors to reopen its manufacturing plant in Lordstown Ohio week after the last Chevrolet Cruze rolled off the factory line in Lordstown. The president is putting pressure on GM to close a plant in China or Mexico and bring jobs home to the US. He doesn't want GM and the United Auto Workers union to wait until fall to start talks about other plants scheduled to close the president tweets that he wants to Lordstown facility opened or sold to a company who will open it

President Trump General Motors Donald Trump United Auto Workers Lordstown Lordstown Ohio United States Cruze Mexico China
Trump urges GM CEO to reopen or sell Ohio auto plant

Rush Limbaugh

00:28 sec | 1 year ago

Trump urges GM CEO to reopen or sell Ohio auto plant

"General Motors says answered the president's tweets in which Trump ripped into the automaker for shutting down production at its plant in Lordstown, Ohio. The president tweeted eat as CEO, Mary Barra. To sell the plan or do something quickly accused the automaker of letting down the country. GM then responded by saying the future, the Lordstown plant, and several others will be resolved between the automaker and the United Auto Workers

President Trump General Motors Mary Barra United Auto Workers Lordstown Donald Trump CEO Ohio
Trump lashes out at GM calling for 'fast' action to reopen plant

Financial Issues with Dan Celia

00:21 sec | 1 year ago

Trump lashes out at GM calling for 'fast' action to reopen plant

"General Motors responding to several tweets by President Trump, ripping the automaker for shutting down production at its plant in Lordstown, Ohio. Remember spotted late last night saying the future of that large town plant, and several others will be resolved between the automaker. The United Auto Workers under the terms of the national agreement

President Trump United Auto Workers General Motors Ohio Lordstown
GM, Mary Barra And General Motors discussed on Joel Riley

Joel Riley

00:15 sec | 1 year ago

GM, Mary Barra And General Motors discussed on Joel Riley

"About the General Motors plant here in Ohio closing the president tweeted he spoke to GM CEO Mary Barra to express his disapproval. He said he's upset the plant in Lordstown close. When quote everything else in our country's booming, and quote, he said the plant should be sold or GM should do something

GM Mary Barra General Motors CEO President Trump Ohio Lordstown
President Trump, General Motors And Ohio discussed on Stephanie Miller

Stephanie Miller

00:18 sec | 1 year ago

President Trump, General Motors And Ohio discussed on Stephanie Miller

"Ten days after the last Chevrolet Cruze rolled off and Ohio Sembler line. President Trump reached out to General Motors in a tweet Trump said because the economy is so good General Motors must get their Lordstown Ohio plant open, maybe in a different form or with a new owner

President Trump General Motors Ohio Cruze Ten Days
"lordstown" Discussed on WTVN

WTVN

01:40 min | 1 year ago

"lordstown" Discussed on WTVN

"Ended today in Lordstown in General Motors says they know today was an emotional one for all of their workers. Ohio lawmaker's. Meanwhile, put the closer of that plant and the loss of over one thousand jobs front and center at the state house. Members of the Ohio house passed a concurrent resolution, reminding GM they are welcome and needed in the Mahoning valley state rep Michael O'Brien award democrat on the house floor from nineteen sixty six to nineteen ninety seven ten million seven hundred and twenty seven thousand five hundred and forty seven cars were produced at that plant syrup done manning, a new Middletown Republican, I don't like the term rather rust belt. We are the proud people of the steel valley. US senators, Rob Portman insured Brown also echoing today that it is. Sad day for Ohio at the state house. Jared alad NewsRadio six ten WTVN. The plant has produced more than two hundred and fifty million dollars in wages annually and GM has received more than sixty million dollars in tax credits from the state over the past decade, the last Chevy Cruz came off the assembly line today as production of that vehicle now shifts to Mexico. Granville, police say keep your hands on the wheel off the cell phone new permanent signs are being posted around the village warning drivers to stay off their mobile devices while behind the wheel as Nathan's lies about to go into effect. It restricts a cell phone use and is named Nathan's law after Ohio national guard, captain Nathan Richardson who was killed in two thousand fourteen by distracted driver while he changed a tire on I seventy seven Amazon is planning to close all of their pop up.

Ohio Nathan Richardson General Motors US state rep Lordstown Mahoning valley Rob Portman Jared alad Granville Michael O'Brien manning Middletown Amazon Cruz Mexico Brown
"lordstown" Discussed on WTVN

WTVN

01:40 min | 1 year ago

"lordstown" Discussed on WTVN

"Ended today in Lordstown in General Motors says they know today was an emotional one for all of their workers. Ohio lawmaker's. Meanwhile, put the closer of that plant and the loss of over one thousand jobs front and center at the state house. Members of the Ohio house passed a concurrent resolution, reminding GM they are welcome and needed in the Mahoning valley state rep Michael O'Brien award democrat on the house floor from nineteen sixty six to nineteen ninety seven ten million seven hundred and twenty seven thousand five hundred and forty seven cars were produced at that plant rep Don manning, a new Middletown Republican, I don't like the term rather rust belt. We are the proud people of the steel valley. US senators, Rob Portman and Sherrod Brown. Also echoing today that it is a sad day for Ohio at the state house. Jared alad NewsRadio six ten WTVN. The plant has produced more than two hundred and fifty million dollars in wages annually and GM has received more than sixty million dollars in tax credits from the state over the past decade, the last Chevy Cruz came off the assembly line today as production of that vehicle now shifts to Mexico. Granville police. Say keep your hands on the wheel and off the cell phone new permanent signs are being posted around the village warning drivers to stay off their mobile devices while behind the wheel as Nathan's lies about to go into effect. It restricts a cell phone use and is named Nathan's law after Ohio national guard, captain Nathan Richardson who was killed in two thousand fourteen by distracted driver while he changed a tire on I seventy seven Amazon is planning to close all of their pop up.

Ohio Nathan Richardson General Motors state rep US Lordstown Mahoning valley Rob Portman Jared alad Sherrod Brown Granville Don manning Michael O'Brien Middletown Amazon Cruz Mexico
"lordstown" Discussed on WTVN

WTVN

01:46 min | 1 year ago

"lordstown" Discussed on WTVN

"Lordstown. The closure of the General Motors plant. We'll put fourteen hundred hourly workers on the unemployment line tonight. The last two Chevy Cruz rolled off the line today as production of the cruise shifts to Mexico. Meanwhile, House Democratic leaders today applauded a unanimous passage of a resolution legislation that urge urges GM to allocate a new product in that Lordstown production facility, the plant has produced more than two hundred and fifty million dollars in wages annually, and General Motors has received more than sixty million dollars in tax credits from the state over the past decade. General motors. Lordstown plant is just the first of five North American plants that are set to close by the end of this year. Ohio. Lawmakers are also proposing a small low a smaller increase into the state's current gas tax to close a shortfall in the transportation department's budget. Lawmakers proposal today would add another ten point seven cents to the state's current twenty eight percent tax on every gallon of gasoline. But governor Mike dewine has made his push for an eighteen cent increase to the gas tax to cover the department's budget gap, which is estimated to be close to one billion dollars. And Granville police say keep your hands on the wheel and off the cell phone new permanent signs are being posted around the village of Granville warning drivers to stay off of their mobile devices while driving through as Nathan's law is going into effect those who violate that law could be charged with a misdemeanor as well as fine over one hundred and fifty dollars a second defense in less than a year could land drivers up to thirty days..

General Motors Granville Mike dewine Lordstown Chevy Ohio Cruz Mexico Nathan fifty million dollars sixty million dollars twenty eight percent one billion dollars fifty dollars thirty days
"lordstown" Discussed on Biz Talk Radio

Biz Talk Radio

01:35 min | 1 year ago

"lordstown" Discussed on Biz Talk Radio

"The last Chevy Cruz is soon coming off the assembly line in Lordstown Ohio in November. General Motors announced that we closed that plant which opened back in nineteen sixty six production was supposed to end the March. Eighth officials now say it will actually stop tomorrow seven hundred GM workers have already transferred to other plans and the other fourteen hundred at Lordstown will be out of their jobs this week. Week

Omar Israel US General Motors Minnesota Middle East Lordstown Ohio GM Chris Barnes Utah Lordstown Cruz Carla Lauren fifty five year thirty one year
Lordstown's last Chevy Cruze makes its way through GM plant

America Trends

00:28 sec | 1 year ago

Lordstown's last Chevy Cruze makes its way through GM plant

"The last Chevy Cruz is soon coming off the assembly line in Lordstown Ohio in November. General Motors announced that we closed that plant which opened back in nineteen sixty six production was supposed to end the March. Eighth officials now say it will actually stop tomorrow seven hundred GM workers have already transferred to other plans and the other fourteen hundred at Lordstown will be out of their jobs this week. Week

General Motors Lordstown Ohio GM Cruz Lordstown
GM set to end production at Ohio plant Wednesday

The World

00:29 sec | 1 year ago

GM set to end production at Ohio plant Wednesday

"General Motors is now finally made it official production will end this week at one of the four US auto plants. It's indicated it might be shuttering GM says the last Chevy Cruz will be coming off the assembly line Wednesday, the automakers assembly plant near Youngstown Ohio plant closings are still being negotiated with the union so some workers at the company's Lordstown plant. There are hoping it may be saved plant closings commented time GM is increasingly shifting its attention to trucks SUV's and electric

General Motors Youngstown Chevy United States Cruz Ohio Official
"lordstown" Discussed on WTVN

WTVN

01:39 min | 1 year ago

"lordstown" Discussed on WTVN

"Of pro. Life advocates are attending the forty six to March for life in Washington DC right now, vice President Mike Pence and his wife Karen made a surprise appearance at the event by our. Creator with certain unalienable rights, and I along these rights is the right to life. The vice president said he and his wife stand for life and compassion. He will be there. Keynote speaker tonight a lay a lingering symbol of the Trump administration zero tolerance policy and the resulting separation of immigrant families ease now being closed down at the tornado detention center for unaccompanied young migrants. Even New York mayor Bill de Blasio was turned away at the gale. There's some insurance you or someone else in talk to you about what's going on after months of criticism even protests. The last of the three thousand kids who were staying there have been moved out at yesterday, the tents and trailers were cleared away. Jim Ryan ABC news General Motors plan to close the Lordstown assembly plant, do not seem to have changed even after the company's CEO met with governor Mike dewine dewine says that CEO Mary Barra appeared noncommittal about bringing a new vehicle line to the factory. They're going to do everything that they can get somebody else in there. I am. I am convinced of that. I think it's in their selfish interest to do it. It's in the interest of non Bali interest of the state of Ohio. Do I met with Barra at the Detroit auto show in an effort? He said to open a door to incentive talks medical marijuana is already making money across they stayed upwards of seventy five thousand dollars worth of products were sold.

vice president Mike dewine dewine Mary Barra CEO Mike Pence Bill de Blasio Jim Ryan ABC Washington Ohio New York General Motors Detroit marijuana Karen Lordstown seventy five thousand dollars
Ohio congressmen meet with GM chief over plant closing

Bucket Strategy Investing

00:49 sec | 1 year ago

Ohio congressmen meet with GM chief over plant closing

"Three Ohio congressman urging the CEO of General Motors to keep a plant open to build electric cars. USA radio's Wendy king reports. The company has plans to close the plant after announcing the no longer make the Chevy Cruz Barra. Says it was a difficult decision to close Lordstown as the company focuses on new technology. We are in an industry that is transforming faster than I've ever seen in my thirty eight year career, and we're trying to make sure that General Motors is strong, well GM and others shying away from this sedan. Toyota's top executive says his company will keep making cars despite a dramatic shift to trucks in SUV's Toyota, North America. CEO Jim Lentz says even with the new car sales dropping to below thirty percent. That's still more than four million cars sold last

General Motors Ceo Jim Lentz Chevy Cruz Barra Toyota CEO Wendy King Congressman Usa Radio Ohio Lordstown GM North America Executive Thirty Eight Year Thirty Percent
"lordstown" Discussed on KQED Radio

KQED Radio

02:11 min | 1 year ago

"lordstown" Discussed on KQED Radio

"Got a high surf advisory in effect as started at ten this morning. It'll continue till four o'clock Friday morning beyond that mostly cloudy skies and rain heavy at times this afternoon north of the Golden Gate, we'll have highs from the upper fifty s to mid sixties. Maybe you are. I'm Robin young. I'm Jeremy Hobson it's here and now workers at the General Motors plant in Lordstown Ohio are waiting to hear exactly when next year. That factory will go quiet. Takeaway. I'm tansy Nevada on Monday. General Motors hit the brakes. The American car manufacturer announced plans to cut more than fourteen thousand jobs and halt production at five plants across the US and Canada the pain of the announcement was felt from Detroit Michigan extremely disappointing decision. We moved thousands of people under the businesses six churches in hospital to create that assembly plant Lordstown, Ohio. But for the holidays hate to see people get news like this. But this isn't just a GM local issue across the board with any auto manufacturer right now all the way up to Ottawa Ontario, just north of Toronto where workers walked off the job. Are not closing. Our damp flat. Although one hell of a fight. President Trump who's promised repeatedly to bring these kinds of manufacturing jobs back wasn't happy about the change either. This country's done a lot for General Motors. You better get back to let show. Hi, oh, you better get back in there soon. So we have a lot of Berkshire senators. You have a lot of other people lot of pressure. They say the Chevy Cruz is not selling. Well, I say, well, then get somebody to get a car that is selling well and put it back in. But it's not that simple automotive news predicts that in two thousand eighteen US car sales could fall below seventeen million vehicles for the first time in four years General Motors referred to the layoffs and closures as a restructuring. So where does that leave the American auto industry? I'm putting that.

General Motors US Lordstown Ohio Golden Gate Robin young tansy Nevada Jeremy Hobson Lordstown Chevy Detroit GM Michigan Trump Toronto Berkshire President Cruz
"lordstown" Discussed on Start Here

Start Here

04:24 min | 1 year ago

"lordstown" Discussed on Start Here

"You want. But the car makers have the keys we start here. General Motors slams the brakes on thousands of workers, I've not happy about a car is not selling. Well, this gets bigger than five auto plants, though, what this move tells us about the future of manufacturing in this country. What do you do in your worst fears come true on the border? Clearly what happened during those clashes scared people. We'll take you to Mexico for asylum-seekers deciding whether they ever want to go near the US again, and a top witness might have just flipped back to President Trump's side. What exactly was he lying about? Why Robert Muller just cut? Paul Manafort loops. From ABC news. This is start here. I'm Brad milkey. More Americans are working by a lot last night. Mississippi, President Trump stood on stage touting his achievements. We've created four point five million new jobs, and we have lifted four point three million Americans off of food stamps. He was stumping for Republican candidates, Cindy heights. Smith was hoping to be named the states next Senator after today's runoff, but will cut your I was the president speaking under two large banners with a simple message promises made promises kept meanwhile, about seven hundred miles away in Youngstown, Ohio. I was looking at some of those big once incredible job producing factories people. There might have been thinking about promises made last year on July twenty sixth. I said those jobs have left Ohio. They're all coming back. All come back just down the road from where he made that speech was the Lordstown assembly plant, which has been making General Motors cars for fifty years and usually a plant like this focuses on one vehicle since two thousand ten Lordstown has proudly made the Chevy Cruz will yesterday. It was announced that's all going away. General Motors has now revealed it will lay off workers in Ohio, Michigan and Maryland, thousands of jobs, and at least three vehicles will no longer be made. In a bombshell announcement GM announced that Lordstown is among five plants in North America. They will not have a vehicle to make next year. No, cruises and Ohio know Buick lacrosse is in Detroit. No Chevy impalas in Ontario. The companies laying off fifteen percent of its North American workforce in the afternoon. President Trump spoke to CEO Mary Barra came out to meet reporters. No, I'm not happy about ABC's chief White House correspondent Jonathan Karl was there and Jonathan promises. Made promises kept who broke their promise here. Well, this has been something. He's been talking about over and over again about factories being opened up in the United States, manufacturing jobs. Coming back a renaissance of the automobile industry, he's taken credit for this new. You look at what's happening with Ford and with General Motors in Michigan and Ohio. You look at the tremendous number of jobs that are being announced in so many different fields. That's what I'm proud of. This was a very unwelcome news for the president. Well, we know like it. And when we asked him about this reporters on the south lawn. He said he's spoken to Mary Barra. The CEO of GM, and I said, you know, this country's done a lot for General Motors. You better get back in there soon. That's so high. Oh, and you better get back in there soon. And when he was told that this has to do with poor auto sales specifically of the Chevy Cruz say well, then get somebody get a car that is selling well and put it back in. But the president said that he has spoken to recklessly with the c. And said he is not happy about this. Of course. What does that mean? What can you do about it? I don't know. Well, that's what stuck out to me though. John in two thousand eight you have the auto bailout over the next eight years, you've got people saying, you know, these factories there dying. Donald Trump comes along and says, I alone can fix it. The states that one in the election were Michigan, Ohio, like industrial states. If the economy under Donald Trump has the same issues DEM under Barack Obama. I mean for better or for worse. What does that mean for this White House? Well, when when you talk to supporters of the president, you the line you hear over and over again is but the economy is doing great the economy in Texas is booming. He's brought America back. He's kept that promise..

President Trump General Motors Ohio president Jonathan Karl United States Cruz Michigan Chevy CEO Mary Barra Lordstown Barack Obama Smith ABC White House Robert Muller Mexico Paul Manafort Brad milkey
"lordstown" Discussed on WTVN

WTVN

01:39 min | 1 year ago

"lordstown" Discussed on WTVN

"To the news today that the Lordstown GM plant will be idled meaning hundreds of Ohioans will lose. Lose their jobs joins office says after he's sworn in as governor, and John Huston is Lieutenant governor they will visit the Detroit auto show in January and make their case in person GM about the future of the Lordstown plant dewine calls the workers their second to none dean's office is not being specific about whether they will offer any incentives of any kind in an effort to persuade GM executives to reverse the decision to idle the plant beginning March first at the state house cheer at alad NewsRadio six ten WTVN plant in Lordstown will stop making cars in March the plant had offered buyouts to more than six hundred employees just last summer shortly after they eliminated the facilities. Second shift that Lordstown factory had opened in nineteen sixty six Ohio is now the first state that will accept bitcoin as a form of currency for tax payments state treasurer, Josh Mandel says they have launched Ohio crypto dot com where people can use crypto currency to pay. They stayed will charge a minimum fee to businesses using this method. Of payment. Bitcoin is currently the only currency that's accepted by the website. Investigators are looking into the cause of a fire that destroyed a house yesterday in the Hilliard area. Neighbors reported that they saw a suspicious person outside the home on Sunday before the fire started and they called nine one one. No one was injured in the fire. The hilliard. Police department is leading the investigation a massive shopping frenzy. Still underway shoppers are taking advantage of some huge deals. They cyber Monday to tech site seen that.

Lordstown GM GM Bitcoin Ohio Lordstown Lordstown factory John Huston Josh Mandel hilliard Detroit dean dewine treasurer
"lordstown" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

01:37 min | 1 year ago

"lordstown" Discussed on KNX 1070 NEWSRADIO

"Pam Coulter. General Motors decision to shut down production at some factories and trend thousands of jobs is a blow to workers at the start of the holidays. I've been here. Twenty eight years I've been to closure and Scarborough I've been through closer in London. I moved my family twice for this company. And they do this to me it's at a rally near GM's Lordstown Ohio plant last year. President Trump told people the jobs are coming back CBS's. Steven Portnoy, the president reacted angrily to the GM decision, particularly the company's plan to shutter its plant in northeastern Ohio where GM makes the Chevy Cruz. I have no doubt that in a not too distant future. They'll put somebody else they better put something else in Mr. Trump didn't say what he'd do GM doesn't keep its Lordstown Ohio plant open. Steven Portnoy, CBS news, the White House. A six month journey for a NASA spacecraft ended on Mars today confirm. The announcement is insight safely landed on the Martian surface. There was celebration inside mission control. Cheers, hugs, even the few tears. The spacecraft was able to survive a dangerous final plunge reducing it speed from twelve thousand miles an hour to just five miles an hour in less than seven minutes. Now, it's on the surf. Ready to begin its job to study the interior of Mars Steve Futterman, CBS news at the Jet, Propulsion, Laboratory Pasadena, California, at least one person was killed amid scores of highway accidents at a storm that caused blizzard like conditions in parts of the midwest. Hundreds of flights were grounded this, man. Stuck in Chicago. At.

GM President Trump Steven Portnoy CBS Ohio Pam Coulter General Motors Lordstown Ohio NASA Steve Futterman Scarborough Chicago president Chevy White House London California Pasadena
"lordstown" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

01:52 min | 1 year ago

"lordstown" Discussed on Newsradio 700 WLW

"To news that the Lordstown Ohio. General Motors plant is among those that we'll be idled with thousands of layoffs. Icy winds office says after he's sworn in as governor and John Huston Lieutenant governor they will visit the Detroit auto show in January and make their case in person GM about the future of the Lordstown plant dewine calls the workers their second to none winds office is not being specific about whether they will offer any incentives of any kind in an effort to persuade GM executives to reverse the decision to idle the plant beginning March first at the state house cheer at Allie. Newsradio seven hundred wwl w Ohio. Senator Sherrod Brown. Calls it shameful and corporate greed as at its worst following the GOP corporate tax cut Bill from just last year. Senator. Rob Portman also issuing a statement critical of GM. The automaker says it is leading more than fourteen thousand workers go next year, both white collar and factory employees. Most of the affected factories built cars that won't be sold in the US after next year. Now, the latest traffic and weather together from the UC health traffic center at UC health. Our research gives patients hope take part in a clinical trial by visiting UC health dot com. Backslash research that accident nor seventy five at the Brent Spence cleared, but you're heavy back to buttermilk also eight mile remains closed between hopper and Woodruff and cross point due to that overturned dump truck. It's slow pretty much everywhere. You're going right now. Some of the heavier spots include south or on the southern portion of the loop. You're heavy for Mineola pike over to the AA. Southbound four seventy one is pretty slow from top to bottom, nor seventy-five very heavy for Mitchell past paddock. And then once you reach the top of the Lachlan split your heavy up to union center, and it's heavy across the top of two seventy five in both directions as well. Drive safely. And slowly. And be careful. I'm rob Williams on NewsRadio seven hundred wwl.

GM Ohio Senator Sherrod Brown UC health Rob Portman General Motors John Huston Senator Brent Spence rob Williams Detroit Lachlan GOP US Allie dewine Bill Woodruff