31 Burst results for "Lordstown Ohio"

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 ohio" Discussed on Into America

Into America

04:02 min | 6 months ago

"lordstown ohio" 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 ohio" Discussed on Into America

Into America

09:34 min | 6 months ago

"lordstown ohio" 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 ohio" Discussed on Into America

Into America

02:34 min | 6 months ago

"lordstown ohio" 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 | 7 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 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 ohio" Discussed on 10 10 WINS

10 10 WINS

02:46 min | 1 year ago

"lordstown ohio" Discussed on 10 10 WINS

"Your favorite local supermarket wins. News time is six thirty three. Governor Cuomo has ordered a security increased at critical infrastructure points after today's terror attack in the Netherlands Dutch, Justice Minister, Ferdinand groper house says the suspect is in custody tonight after opening fire on a tram in you. Tracked southeast Amsterdam suspects allegedly killed three people. Very seriously wounded three others and more lightly wounded, two others. He says the gunman was known to authorities and had a criminal record. He did not specify. The suspect's name has not been released wins. News time, six thirty four. General Motors is once again on the receiving end of President Trump's tweets correspondent, Karen Travers has more President Trump continue to put pressure on General Motors to reopen a car manufacturing plant in Ohio. The reason closure resulted in about seventeen hundred lost jobs. The president writing on Twitter. Monday morning, quote, get that big beautiful plant in Ohio open now close a plant in China or Mexico where you invested so heavily pre Trump, but not in the USA. The president suggested GM sell the Lordstown Ohio plan to another car company. Mr. Trump travels to Ohio on Wednesday for events focused on manufacturing. General Motors said in a statement that the future plans scheduled to be closed. We'll be resolved between GM and the UAW wins. News time six thirty five. First lady, Melania, Trump chaired away. White House meeting of the inter agency working group on youth programs today that's a group of federal departments and agencies. These fast year, I've had a paternity to work with many of you traveling both domestically and internationally in order to promote the three pillars of be best while being online safety an opioid abuse. Be best is her youth initiative. No one to vote for here. The upstate town of Poland is holding a mayoral election. But there were no candidates. Tomorrow's election is to choose a replacement for Poland. Mayor Mary Paul who stepping down for personal reasons since there are no candidates. The race will be decided by write in votes. But if the winner doesn't want the job share he must resign. Forty four degrees now under a cloudy sky in New York, we are going down to three. Thirty four degrees in midtown tonight wins news time, six thirty six. The new bachelorette has her criteria. Ten ten wins. Entertainment is next took the first step.

President Trump General Motors Ohio president Poland Governor Cuomo Amsterdam Ferdinand groper opioid abuse Justice Minister Netherlands Dutch New York Twitter Mayor Mary Paul White House UAW Karen Travers Melania China
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
"lordstown ohio" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:58 min | 1 year ago

"lordstown ohio" Discussed on Bloomberg Radio New York

"People in Mozambique and Zimbabwe, destroying roads, and bridges and curbing electrobi-. Exports to neighboring South Africa. President Trump is asking General Motors to sell the Lordstown Ohio plant. Bloomberg's Ed Baxter has the story. This coming a day after the president demanded GM keep the plant open now after speaking to CEO, Mary Barra he tweets, I am not happy that it is closed when everything else in our country is booming. I asked her to sell it or to do something quickly. And then he shifted the blame to the democratic leader of the union also tweeting that the union president quote ought to get his act together and produce and stop complain. Winning and get the job done GM has not commented on the Trump missives in San Francisco. I'm Ed Baxter. Bloomberg daybreak. President Trump tweeted more criticism of the late Senator John McCain following reports. Mccain's office turned over a controversial dossier about candidate Trump which unleashed questions about whether Trump had ties to Russia. The president called it a very dark stain against McCain. It prompted the Republicans daughter Megan McCain to respond that quote, no one will ever love Trump the way they love their father in the NBA. The Knicks beat the Lakers one twenty four one Twenty-three. The nets lost in the NHL. The islanders won in overtime against the wild three to the devils lost. The bracket is set in the man's NC. Double a basketball tournament. Three Atlantic coast conference teams made the top seeds, Duke, Virginia and North Carolina. The fourth number one seat is guns. Aga Duke is ranked number one overall global news twenty four hours a day on air and it tick tock on Twitter. Powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan. Thank you, Michael. We're live from the Bloomberg interactive brokers studios where it's six thirty six on Wall Street. Let's get more on one of our top stories this morning. Deutsche Bank, beginning merger talks with Commerzbank after Germany's government gave the green light to jobs cuts as part of a deal Bloomberg opinion columnist to Lisa Martinuzzi joins us in our London bureau for more on this. Nice to talk with you this morning. A Lisa, of course, Georgia and commerce have been struggling for quite some time. So is this is this just a desperation move on their part? It does appear to be very defensive the reason being that. Yes. Of course, there's an awful lot of overlap between the two companies. So a deal combination will only really walk if they can remove that overlap, which of course, would have been thousands. Maybe as many as thirty thousand job cuts, and if not clear whether they would really have the ability to do that in a Cup in an industry now. Labor representatives goes far as having two seats on the boards. So without those cost savings. It really does not make much sense to bring these two together. So how was Germany's government then able to at least give some imprimature to these job cuts. Well, this'll it saves. You know, this is what they're saying on on the one hand appears to be that they will backing them today. The language seems to be a little bit more on the fence. And and somebody that tap Limbaugh. Just though to of a shoulder cessation doesn't actually think the government will give that backing for thousands of job cuts making the the Dale basically next to impossible. So would the would these banks be able to find cost savings? Elsewhere. I mean because you're talking about thirty thousand job cuts, here unfortunate awesome. I mean outside Germany, the businesses don't really overlap both of them have a Deutsche Bank has a very sizable trading business. And in fact, even after combination with comments Bank. Would still be somewhat reliant on that trading business, which is still extremely inefficient. And a combination with comments Mike isn't going to change that. So if you're not able to push through the domestic savings, you really cool the whole into question. So could the German government give some sort of other backing to to make this go forward? I think it seems that it's it's going to be absolutely necessary. And even then it remains to be seen whether the companies would have to tap shareholders for more funds because as a bigger entity, they might be required to hold more capital. We don't know whether they'll have to take any white down on assets as they come together also wrote in capital, and it's not clear that investors would be comfortable. Backing the equity story would still looks frothy questionable with the German government be able to take like a direct role in the the the combined Bank. What we know is they'll they'll still own a stake in comets banker what we understand what Bloomberg news has reported as the likely to maintain that stake. But at the moment, I think that's that's poverty as far as it would go in terms of direct intervention. Now. If this merger were to go forward exactly how big a share of the banking sector would. The combined Bank have in Germany and in the euro zone. I think the precise numbers still needing to be white tab. But you're looking at anywhere between ten fifteen percent of a market that is extremely competitive, and where they are basically competing with hundreds of banks savings banks and cooperative lenders. The don't compete on commercial TOMS and the steel would not change that dynamic potentially sufficiently to give them pricing power, which is what they need to be able to be more profitable in German Cosima banking now as we look at the shares of both these banks they are higher Deutsche Bank up by three point six percent. Commerzbank up nearly seven percent water investors liking about this this morning. Well, I mean, they have been moving in lockstep, and we're talking, you know, very very depressed valuations both banks trade at a deep discount to the book value. And so at the moment, I think nobody's overjoyed with the potential combination impact. But of course, if Commerzbank does taken out that there will be some of the somewhat of the premium, and that's what you're saying. In those two shophouses.

Bloomberg President Trump Germany Deutsche Bank Commerzbank president Senator John McCain Ed Baxter German government GM Bloomberg interactive brokers Megan McCain Mozambique Michael Barr General Motors San Francisco South Africa Ohio Zimbabwe Mary Barra
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
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'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
"lordstown ohio" Discussed on KUGN 590 AM

KUGN 590 AM

05:58 min | 1 year ago

"lordstown ohio" Discussed on KUGN 590 AM

"Professor, Richard Epstein is here. And we're discussing General Motors and Donald Trump recently the announcement by General Motors closing six or seven plants US and Canada. But one plant in particular, Lordstown, Ohio what I'm presuming is a leafy. Leafy town of about four thousand people maybe about thirty five hundred in Trumbull county. But there is the Lordstown Ohio plant, and which employs about fifteen hundred people making the Chevrolet Cruze, which is poorly rated by reviews for the twenty nine thousand nine chiefly I fault it for for charging high end to get safety features that are routine in competitive companies, Richard the reason I mentioned this is because Donald Trump in blasting Mary Barrett with his Twitter that he probably doesn't remember the next day. But in any event, that's the nature of his leadership. I don't think that Donald Trump is is very far from considering the vote in Ohio, which he needs for twenty twenty reelection that was part of his success. Now, that means he cares about the people of Trump county who depend upon the income of these fifteen hundred people working at Lordstown Ohio will now be out of out of a job or looking for new work perhaps. In Tennessee for a nonunion plant that makes lots of money for Toyota, but in any event those workers, Richard they know they're making a mediocre to inferior product. They know for years that nobody wants to buy it. And yet they continue. Do we owe them politically a living is that a worthy is that a worthy enterprise for the president of the United States to try to protect the mediocre or those people in Lordstown, Ohio. Oh, what's the truth? Look, I don't put some is so much on the people of Lordstown, Ohio, my view about this is that they are basically foot soldiers in an army war that is being controlled by generals, which means the unions on the one hand politicians and everybody else the people in Lordstown would be thrilled. If instead of having to make the a Chevy Cruz, they were asked to make one of the high end cars or the SUV's that were tesla or a Toyota or something that we buy. Yes. Now, one of the things about it. The question have to ask yourself. How good is the state of Ohio inviting people to come on in. And you know, if it turns out that you're talking about Tennessee are Alabama with the auto plants seem to locate all the time, they're all right to work states. They're all states in which they seem to have a pretty good business culture, Ohio. It was a much more fractious state with a very different political history. And I'm much more Spro union bent. And so the thing that I think union workers do not understand is that what unions do is they give you the following upset of benefits slightly higher wages ostensibly short-term job protection. But they don't protect you against catastrophic losses. One plan simply decide to close and to move out and go somewhere else, and so all throughout the strong union states in the upper midwest, there's been complete decimation of the workforce's places like Michigan and Ohio. And and and Wisconsin actually went to right to work law and order to stem the flow of but. Even if you were looking at this as a straight objective situation. It's not just what the law is what is likely to be in five years and people think that the political combustive -bility in a state like Ohio or Wisconsin with its changing governors is so forth. That's a less stable environment for investment than is a place like Tennessee or like, Alabama. And so I think what's gonna really happen to many of the folks in Lordstown, Ohio is seeing the writing on the wall seem that there's nothing about this particular plant, which makes it an obvious place for a rehabilitation for making some other cars. It's very difficult to do. This many of them are going to be former Ohio citizens they're going gonna move somewhere else and join a plant that makes car somewhere in Tennessee. Because it turns out that's a much more viable situation. So the union problem has been with us for a very long time. You get a very bright summer for a very short time. But in order to get the high wages in that period. What you do is you run the risk of long-term catastrophic failure when it turns out. That a plan closes down a business goes bankrupt. Or somebody is going to be really co created somewhere else. Donald Trump is not trying to address those issues. And so he's not at all of a help on these kinds of things. But I think the folks in Ohio really have to do is to reexamine the long term stability of their institutions. And I think there's an extreme locked in to do that. And now that we certainly have a very powerful sort of progressive movement taking over large portions of the company of the country and very large portions of the Democratic Party, they faith in unionism is at a new all time high, and that's gonna make it even harder to have the kind of hard. Look reexamination of the basic strategy which made it perfectly sensible for GM to close down this particular plant, and I think everybody knows GM is gonna renegotiate its domestic contracts and to nine twenty nineteen. It's Canadian contracts in twenty twenty as you start to close down plants the union position becomes more fragile because the threat of. Closing down some other plant in the future is now more credible. Professor, richard. Epstein he teaches law at NYU and the university of Chicago. He's a senior fellow at the Hoover Institution, we're discussing Donald Trump's remarks. It was just a few remarks on one day, but it has to do with the general understanding of government can government pick winter winners. I believe we talked. We learned the lesson in the Obama administration not very likely. However, the pla- the fate of Lordstown Ohio now comes of great interest to us because they're losing their mediocre to poor Chevrolet Cruze plant. Will there be another moneymaking automobile company that shows up to build competitive cars, the Americans wanna buy? I'm John Batchelor. This is the John Batchelor show..

Ohio Donald Trump Lordstown Tennessee Richard Epstein Chevrolet Lordstown Ohio Trump county US Cruze General Motors Professor Trumbull county Toyota John Batchelor Twitter Alabama nonunion Wisconsin
"lordstown ohio" Discussed on WTMJ 620

WTMJ 620

03:00 min | 1 year ago

"lordstown ohio" Discussed on WTMJ 620

"Good evening, Jim. I just I just wanted to say, I it's a conversation that's going on here. But to say something like a more expensive, boom. It's a gross misunder statement of the amount of Chinese products that we use in this country. I mean, I'm not defending the trade policies, but say something like that boom is very understated. And since I'm the one who said it fine. I understand it. But that that in and of itself when you have a country in which trade policy is intertwined with predatory behavior that in and of itself tells us that it's time to stop being so dependent on the Chinese. Right. I understand that. So we pay. I mean, I far as I'm concerned it I'll just cut to the chase from my end. And then we'll toss it over to Clark Packard here. So we pay some more, and it's not just for brooms fine. So maybe certain Chinese goods are Swedes out of the market better yet that that is my take I would be happy happy to pay more for items that are not made by slave labor in some instances. I would be happy to pay more for items which are not used to try and screw over American workers. I would be delighted to pay more. I think in many cases, you will find what we've talked about in terms of that extra penalty. Clark Packard are considerably exaggerated. For example, the extra cost of these tariffs on items that go into making a car. I am told have been vastly exaggerated that in point of fact, most people would not even notice the retail cost of those tariffs. Well, look GM projected one billion dollars in additional cost because of the steel and aluminum. Tariffs. And we saw what happened with the factory in Lordstown Ohio that that's quintessential reality of what we're dealing with in a really globalized economy with really intricate and complicated supply chains look one third of all exports contain inputs of American exports contain inputs from either China, Mexico or Canada. So a lot of these products and fifty percent of all imports into the United States are inputs that US companies use to become more globally competitive by lowering their production costs. So I really would caution makers need to think long and hard about this idea of retrenchment or twenty-first-century Cold War style mentality for the US and China as long as we insist on certain changes made by China. If we insist on it and stick by our guns, then fine if we can do it with sweet talk, I'm all for that. We'll be back with more in a moment from a bear meshing of a car. Uperior to a dear damaging a pool liner, we've covered it talk to farmers. We know what thing or too because we've seen a thing or two. We are. Underrate my pharmacy furniture and exchanges and affiliates. Available in every state I used to post a job boards, only, tons of.

Clark Packard China United States Jim GM Lordstown Ohio Canada Mexico one billion dollars fifty percent
"lordstown ohio" Discussed on Talk 650 KSTE

Talk 650 KSTE

02:41 min | 1 year ago

"lordstown ohio" Discussed on Talk 650 KSTE

"Ben, what's on your mind tonight. Good evening, Jim. I just I just wanted to say I mean, it's a conversation that's going on here. But to say something like a more expensive, boom is a gross misunder statement of the amount of Chinese products that we use in this country. I mean, I'm not defending the trade policies, but to say something like a boom is very understated. And since I'm the one who said fine. I understand it. But that that in and of itself when you have a country in which trade policy is intertwined with predatory behavior that in and of itself tells us that it's time to stop being so dependent on the Chinese. Right. I understand that. Yes. There's always. So we pay a little more. I far as I'm concerned, and I'll just cut to the chase from my end. And then we'll toss it over to Clark Packard here. So we pay some more, and it's not just for brooms fine. So maybe certain Chinese goods are squeezed out of the market better yet that that is my take I would be happy happy to pay more for items that are not made by slave labor in some instances. I would be happy to pay more for items which are not used to try and screw over American workers. I would be delighted to pay more. I think in many cases, you'll find the what we've talked about in terms of that extra penalty. Clark Packard, Arkansas terribly exaggerated. For example, the the extra cost of these tariffs on the items that go into making a car. I am told have been vastly exaggerated that in point of fact, most people would not even notice the retail cost of those tariffs. Well, look. GM projected one billion dollars in an additional cost because of the steel and aluminum tariffs. And and we saw what happened with the factory in Lordstown Ohio that that's quintessential reality of of what we're dealing with in a in a really globalized economy with really intricate and complicated supply chains look one third of all exports contain inputs from of American exports contain inputs from either China, Mexico or Canada. So a lot of these products and fifty percent of all imports into the United States are inputs that US companies use to become more globally competitive by lowering their production costs. So I really would caution that policy-makers need to think long and hard about this idea of a retrenchment or a sort of twenty th century, the Cold War style mentality for the US and China as long as we insist on certain changes made by China if we insist on it and stick by our guns, then fine if we can do it with..

Clark Packard China United States Ben Jim GM Lordstown Ohio Arkansas Canada Mexico one billion dollars fifty percent
"lordstown ohio" Discussed on KTAR 92.3FM

KTAR 92.3FM

02:41 min | 1 year ago

"lordstown ohio" Discussed on KTAR 92.3FM

"Ben, what's on your mind tonight. I just I just wanted to say I mean, it's a quick conversation. That's going on here. But to say something like a more expensive room. It's a gross misunder statement of the amount of Chinese products that we use in this country. I mean, I'm not defending the trade policies. But to say something like a boom is very understated. I mean, it may understand it. And since I'm the one who said it vied, I understand it. But that that in and of itself when you have a country in which trade policy is intertwined with predatory behavior that in and of itself tells us that it's time to stop being so dependent on the Chinese. Right. I I understand that. It's yes, there's always. So we pay a little more. I mean, I far as I'm concerned, and I'll just cut to the chase from my end. And then we'll toss it over to Clark Packard here. So we pay some more, and it's not just for brooms fine. So maybe certain Chinese goods are squeezed out of the market better yet that that is my take I would be happy happy to pay more for items that are not made by slave labor in some instances. I would be happy to pay more for items which are not used to try and screw over American workers. I would be delighted to pay more. I think in many cases, you'll find what we've talked about in terms of that extra penalty. Clark Packard, Arkansas exaggerated. For example, the the extra cost of these tariffs on items that go into making a car. I am told have been vastly exaggerated that in point of fact, most people would not even notice the retail cost of those tariffs. Well, look g. AM projected one billion dollars in an additional cost because of the steel and aluminum tariffs. And we saw what happened with the the factory and Lordstown Ohio that that's quintessential reality of of what we're dealing with in a in a really globalized economy with really intricate and complicated supply chains look one third of all exports contain inputs from American exports contain inputs from either China, Mexico or Canada. So a lot of these products and fifty percent of all imports into the United States are inputs that US companies use to become more globally competitive by lowering their production costs. So I really would caution that policy-makers need to think long and hard about this idea of retrenchment or a sort of twenty first century, the Cold War style mentality for the US and China as long as we insist on certain changes made by China if we insist on it and stick by our guns, then fine if we can do it with..

Clark Packard China United States Ben Lordstown Ohio Arkansas Canada Mexico one billion dollars fifty percent
"lordstown ohio" Discussed on KQED Radio

KQED Radio

02:11 min | 1 year ago

"lordstown ohio" 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
GM Cuts Thousands of Jobs, Amid Weak Sedan Sales

WSJ What's News

00:38 sec | 1 year ago

GM Cuts Thousands of Jobs, Amid Weak Sedan Sales

"The US has biggest automaker has announced massive cutbacks in North America. General Motors says it intends to cut up to fourteen thousand eight hundred jobs and production at several North American factories GM like other car makers is trying to adjust to weeks sedan sales. And in fact, in one of its moves that'll stop making the Chevy Cruz as it idols. It's plant in Lordstown, Ohio. The cutbacks also affect plants in Michigan and Canada and would reduce GM's annual costs by four and a half billion dollars. The United Auto Workers union called the decision callous and both President Trump and Canadian Prime Minister Trudeau call GAMCO, Mary Barra to express their

General Motors United Auto Workers Union North America President Trump Prime Minister United States Chevy Mary Barra Trudeau Lordstown Michigan Ohio Canada Billion Dollars
"lordstown ohio" Discussed on WMAL 630AM

WMAL 630AM

04:09 min | 1 year ago

"lordstown ohio" Discussed on WMAL 630AM

"So much. Oh boy. Some bad news coming out of General Motors. They are slashing fifteen percent of their North American salaried workers and their discontinuing several vehicle models. So so this is not necessarily the the rank and file this is not necessarily the people who, you know. I would assume that the people who put the cars together who work on the assembly line are probably hourly employees. Those are the ones who Representative by the union, whereas a salaried employees are probably more the people who wear the ties to work that would be my guess. All right. So here they're halting production at their facilities in Lordstown, Ohio Hamtramck, Michigan in Oshawa Shawa, Ontario plants in white Marsh, Maryland and Warren Michigan are going to be unallocated. So in addition there they're closed. They are they announced a ready that they're closing an assembly plant in gun, son and Korea, they're going to cease the operation of two additional plants outside North America by the end of twenty nine thousand nine they're trying to cut costs and capital expenditures. According to the CEO, Mary Barra. She said actions are being taken to reduced salary to reduce salaried and salaried contract. Staff by fifteen percent, which includes twenty-five percent fewer executives to streamline decision-making. Right. So they are cutting the guys who wear the ties. So I don't think there's as much of an outcry. Now, if this had happened under Obama, I don't think there would be as much of an outcry because you know, they're they're cutting the guys ties the guys at the top they're making too much money anyway. And so so we need to keep the workers alive. And this is a good thing. Look, President Obama cutting because of this, you know, the the rank and file that were still protected while. Yes, they would be happy to see executives go. They'd says I'm seeing eighty one hundred white collar workers are among or among the group here being cut with fourteen thousand seven hundred total. Yep. Well. Yeah. Fourteen thousand jobs now, President Trump spoke with with that CEO, Mary Barra after the company announced these plans, and he said, he's not happy. He came out and said, I was very tough with her. I was very tough. I spoke with her when I when I heard they were closing. And I said, you know, this country has done a lot for General Motors. And he he said you better get back in there soon. He said he's putting a lot of pressure on GM to come up with alternatives to the cars that aren't selling. Well, is that they say the Sherry Chevy Cruz is not selling. Well, I say, well, then get a car that is selling well and put it back in. And this is the the president's that type of guy to say he doesn't work in cars, but to come out and say, okay, if you have a product that's not selling, well, you don't double down on it. You come up with something that is selling. Well, find out what is selling. Well, and you bring that back. They have they're going to step up, the the self driving the autonomous vehicles and electric vehicles. That's what they're going to do. That's their plan for the future. Yeah. They're they're focusing on electronic and autonomous vehicles. They've been cutting jobs to deal with their plunging car sales in North America. They've been trying to figure out how to address the shrinking car demand. Apparently, we're not buying many vehicles as we used to. They didn't get enough. Volunteers to accept by says, they hoped about eighteen thousand of their fifty thousand salaried employees in North America. Eligible for buyouts only about eighteen thousand of the fifty thousand said, okay, I'll tell I'm close enough shoot. I'll take the compensation package, and I'll go, and I'll get a gig somewhere else to rise, you know, five ten years, and I'll be so they're moving into electric and autonomous vehicles. But they just killed the Chevy volt than one of the cars that they're losing is the vault because the vault was like a tremendous disaster. Relative to say, the Prius and like other versions other hybrids that totally beat its pants off. Right. Yes. The Chevy volt did not do. Well. I don't know why it didn't do well, especially when president. Obama such a big fan. GM's Hamtramck,.

President Obama General Motors North America Mary Barra President Trump president CEO Sherry Chevy Cruz Hamtramck Lordstown Representative Korea white Marsh Ohio Hamtramck Oshawa Shawa Maryland
FDA Is Revamping Clearance Procedures for Medical Devices

24 Hour News

04:22 min | 1 year ago

FDA Is Revamping Clearance Procedures for Medical Devices

"That was cleared by FDA mom wouldn ten years before the time the submission that would represent a major change in the way FDA reduce five ks and the way companies function in submitting prompting case. Now, you did just mention that the details are going to be very important, and we may not know them yet. But is this something that's going to put a significant burden on companies? Or is it just a matter of picking a different device? That's unclear. It's a great question would FDA said the announcement is about twenty percent of the five ten ks identify a predicate that older than ten years. I think that what some companies will do shifts focused and try to find some product. That's more recent some companies may develop strategies to update their own five ten case. If one was cleared say eleven years ago, some of a new five Kinkaid so that they have a building block for themselves for the future. It's hard to tell what kind of impact you will have one thing you should have certainly going to create a lot of confusion for companies and probably reviewers as well. Because we're now going to have a very different stake as to whether a predicate is deemed sufficient, you can mean the difference between getting a five thousand K and having to go through a different route based on h h has never been a factor before. And in the last thirty seconds that we have left if the development of new products. If this goes through and new products can't be developed by being compared to older products will those older products have to be pulled from the market or could you still potentially be diagnosed her implanted with an older product. Does this suggestion in this that older products will be pulled from the market if an older products found to be unsafe or ineffective FDA has remedies? For very new products FDA has another mechanism quality Novo making increasing use of that. So I think that one we impacts would be that more companies would be going through the Danilo process because they won't be able to use some of the older predicates, Geoffrey Gibbs, a medical device attorney with the firm Hyman Phelps and MacNamara in Washington. DC Democrats are blaming President Trump for contributing to GM's decision to shutter five plants up to fourteen thousand workers in the US. Reporter Greg safer is in Youngstown, Ohio here where one GM plant could be shut down one of the five General Motors plants that will shut down in North America is here in Lordstown, Ohio near Youngstown democratic congressman Tim Ryan reacts we've been trying to get President Trump's attention on this for two years. Now shared Brown's call them, we sent letters we told them don't get rid of the fuel efficiency standards because that's gonna put the small car market in the tank, Greg sabre for CBS news. Youngstown Ohio KCBS news time one thirty seven you

FDA Youngstown Ohio President Trump GM Kinkaid Greg Sabre Greg Safer Tim Ryan North America General Motors CBS Lordstown Geoffrey Gibbs Hyman Phelps H H Reporter DC
"lordstown ohio" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:10 min | 1 year ago

"lordstown ohio" Discussed on WBZ NewsRadio 1030

"Major delay be prepared to see rain which could be heavy at times, the enforce state Senate is debating a Bill that would allow Massachusetts recipe. Smart smart thing to do in this situation would be that he successfully advanced complete. Tom heads doing better in practice. We'll have witnesses here. Tell WB. Newsradio. Whatever stops ten thirty WBZ bus w x ks FM HD two Medford an iheartradio station. This is WBZ NewsRadio ten thirty where the news never stops. I'm that piper. President Trump says he is not happy with General Motors plans to cease production at a number of plants lay off nearly fifteen thousand North American workers, the reduction includes about eight thousand white-collar employees. He's some of whom will take buyouts and others who will be laid off 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 something else. They better put something else. Mr. Trump didn't say what he'd do if GM doesn't keep its Lordstown Ohio plant open. Steven Portnoy, CBS news, the White House. He sides the cruise GM said it will stop making five other types of cars to Paul manafort's, but accused of lying to federal investigators when he was viewed by the special counsel about its probe into Russian meddling in the two thousand sixteen election. Correspondent Paula Reid. Not good news for former Trump campaign chairman, Paul Manafort in this report the special counsel alleged. The Paul manafort's has a lied in. The course that his cooperation with special counsel. Paul Manafort narrowly avoided a second criminal trial. This fall by entering a deal with the special counsel. He agreed to cooperate and provide them with certain information in exchange for them dropping some of the charges against him. Attorney responded that he believes he has provided truthful information. It was an exciting time in California for what was going down on Mars down confirm.

Paul manafort President Trump special counsel GM General Motors Steven Portnoy Senate Massachusetts Tom Paula Reid Lordstown Ohio CBS Ohio Chevy president White House chairman California Attorney
"lordstown ohio" Discussed on KIRO Radio 97.3 FM

KIRO Radio 97.3 FM

01:32 min | 1 year ago

"lordstown ohio" Discussed on KIRO Radio 97.3 FM

"Which is approximately nine hundred sixty one items per second this year, we hope to do much more than that. According to Dobie analytic, cyber Monday could grow eighteen percent this year, Matt Bigler for CBS news, Tracy, California. Disappointing news for General Motors workers the company plans to lay off up to fourteen thousand workers in North America and shudder five plants, and it's not just the employees who are unhappy who 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 up the house. They better put something else in Mr. Trump didn't say what he'd do if GM doesn't keep its Lordstown Ohio plant open, Steve. Stephen Portnoy, CBS news, the White House. President Trump is defending the use of tear-gas by border agents at the Mexican border to repel a crowd of migrants, the group included rock-throwers, but also crying children the Pierce county medical examiner's office says the death of a Russian man detained at the Tacoma detention center was due to an earlier suicide attempt immigration. Authorities say Forty-year-old Murga son Amar was taken off life support over the weekend. I'm are was seeking asylum, but was due to be sent back to Russia this month touchdown confirm. It was incredibly emotional experience. The Mars insight spacecraft today successfully landed on the red planet and scientists at NASA's Jet Propulsion lab in Pasadena witnessed the first pictures..

President Trump CBS General Motors GM Matt Bigler Dobie Stephen Portnoy Tacoma detention center White House Ohio president Tracy North America NASA Amar Russia Chevy California Pasadena
"lordstown ohio" Discussed on NewsRadio 1080 KRLD

NewsRadio 1080 KRLD

01:37 min | 1 year ago

"lordstown ohio" Discussed on NewsRadio 1080 KRLD

"Pam Coulter. General Motors decision to shut down production at some factories and trim thousands of jobs is a blow to workers at the start of the holidays. I've been here. Twenty eight years I've been through a closer and Scarborough I've been to your closer in London. I moved my family twice for this company. And they do this term 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 something else. They better put something else in Mr. Trump didn't say what he'd do if 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. Down confirmed. The announcement as 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 its speed from twelve thousand miles an hour to just five miles an hour in less than seven minutes. Now, it's on the surface 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 the.

GM President Trump Steven Portnoy CBS Ohio Pam Coulter General Motors Lordstown Ohio Steve Futterman Scarborough Chicago president Chevy NASA White House London California Pasadena
"lordstown ohio" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

01:37 min | 1 year ago

"lordstown ohio" 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 ohio" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

01:52 min | 1 year ago

"lordstown ohio" 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
U.S. demands Russia stop "outrageous conduct" after Ukrainian ships seized

The Savage Nation

00:27 sec | 1 year ago

U.S. demands Russia stop "outrageous conduct" after Ukrainian ships seized

"Says taxpayers in his state rescue GM. And he said it's shameful that the company is now abandoning the state and laying off workers right before the holidays. Senator Brown goes on to say quoting here. The company reaped a massive tax break from last year's GOP tax Bill and failed to invest that money in American jobs choosing to build its blazer in Mexico GM has announced it will cut up to fifteen thousand jobs in may close up to five plants including one located in Lordstown, Ohio the head of customs and border protection says border agents prevented a dangerous situation from getting worse when they fired tear gas at a group of migrants who rushed the US Mexico border yesterday. On Wall Street, the Dow walked free twenty seven s and p is up thirty eight NASDAQ up one twenty seven I'm white moss. If you're like most people, and you see two gas stations and once health gas for a little bit less you go to that one. It just makes sense every little bit helps.

GM Mexico Senator Brown GOP DOW Lordstown Ohio United States
Why credit card signature requirements are now a thing of the past

01:53 min | 2 years ago

Why credit card signature requirements are now a thing of the past

"To say this all just say what is it does i think we should see other people are you breaking up with me on a roller coaster well they do maybe we should an emotional roller coaster surprising what's not surprising how much you could save by switching to geico geico fifteen minutes could save you fifteen percents or more are you looking for senior care for your mom or dad but don't know where to start hi i'm joan lunden with a place for mom nobody knows your parent or loved one better than you and nobody knows senior living better than the experts at a place for mom it's a free service and we've helped thousands of families find the right place for their mom or dad there's a place for answers a place for mom call today call a place for mom at one eight hundred three seven nine eleven seventy four that's one eight hundred three seven nine eleven seventy four well hasty scrawl you scribble after swiping credit card is about to become a thing of the past more from correspondent jan johnson biggest credit card companies say as of this weekend the signature is no longer a requirement local merchants may still ask but american express discover and mastercard won't make it a must for the sale a senior analyst at credit cards dot com says signatures are no longer considered to be any real deterrent to fraud and matchel says most people don't sign their name and full or take it all that seriously anyway even social says he expects many stores and restaurants to ask you to continue to make your mark on jan johnson general motors cutting as many as fifteen hundred jobs at lordstown ohio taking a factory that was working around the clock as recently as twenty sixteen down to a single shift today.

Joan Lunden Jan Johnson Senior Analyst Fraud Jan Johnson General Motors Ohio Geico Matchel Fifteen Minutes
Why credit card signature requirements are now a thing of the past

Red Eye Radio

00:57 sec | 2 years ago

Why credit card signature requirements are now a thing of the past

"The hasty scroll you scribble after swiping your credit card is about to become a thing of the past more from correspondent jan johnson biggest credit card companies say as of this weekend the signature is no longer a requirement local merchants may still ask but american express discover and mastercard won't make it a must for the sale a senior analyst at credit cards dot com says signatures are no longer considered to be any real deterrent to fraud and match old says most people don't sign their name in full or take it all that seriously anyway even social says he expects many stores and restaurants to ask you to continue to make your mark on jan johnson general motors cutting as many as fifteen hundred jobs at lordstown ohio taking a factory that was working around the clock as recently as twenty sixteen down to a single shift today the problem lack of demand for the chevy cruze small car i'm barton.

Jan Johnson Senior Analyst Fraud Jan Johnson General Motors Ohio Chevy
"lordstown ohio" Discussed on NewsRadio 950 WWJ

NewsRadio 950 WWJ

02:00 min | 3 years ago

"lordstown ohio" Discussed on NewsRadio 950 WWJ

"Civil lansing detroit lordstown ohio and did warren transmission jeff gilbert w w j newsradio nine fifty governor rick snyder heading overseas in hopes of bringing back new business for michigan details from lansing bureau chief tim sms kubik governor rick snyder has with him on this trip officials from the komen oakland counties and grand rapids the mission i goes to the paris air show then on to germany and then italy the governor returns to the state on june twenty third he'll be meeting with industrial and government leaders in those countries as he continues his efforts to bring more jobs back to michigan reporting from lansing chimps quick w w j newsradio nine fifty will sense and algae bloom in toledo in 2014 the agriculture directors from michigan ohio and indiana joined forces to protect and preserve water resources from western liguria basin speaking a conference employees than head of the michigan department of agriculture and rural development jamie clover atoms says the governors have signed a deal to reduce phosphorus by forty percent by 20 25 behavior to implement me we have an of three hundred eight hundred eighty eight lourdes plan or a total of nearly one hundred fifty thousand acres of land ohio's agriculture director david daniel says they're not sure where the ours for his reducing phosperous but says they began to put in monitoring stations and some information looks good w wjr news time is four fourteen this portion of news is sponsored by idle dumb of rochester hills sports in a minute mom every in we did the same thing over and over its four l friend terming attend school at the axworthy truck an era from home you can also visit the athens honors for supply and home at tiffany he loves score the axe virtual academy oxford virtual kaddoumi is a free public education with great oxford teachers anyone who lives in the metro area is able to attend school or take classes online for free find out what is offered at oxford virtual academy.

lansing athens axworthy rochester hills director michigan department of agricul italy germany paris komen oakland bureau chief ohio michigan warren oxford virtual academy david daniel liguria basin indiana toledo tim sms rick snyder one hundred fifty thousand acr forty percent four l