21 Burst results for "Magna International"
"magna international" Discussed on Business Wars Daily
"Since inventors karl benz henry ford began making vehicles for purchase. The car manufacturing model has been more less the same thing. It's a concept to completion. Game ford makes fords. Mercedes-benz makes mercedes benzes. They may have partners who contribute parts or some assembly but the manufacturers are in charge of designing and building their own vehicles until now apparently silicon valley superstar. Apple's got new plans to enter the automotive sector and that may be a game changer. The original smartphone manufacturer and undisputed cool kid of the brand world wants to develop cars and knock just any cars. Mind you electric driverless cars for the masses reuters reports. The electric vehicles aka would head into production in about three years and may feature apple battery technology that could be cheaper and give the cars greater range plus because it's apple you can probably count on some cool tech features and apps to but apple's ev. Making journey has hit a few speed bumps along the way if any of this apple cart stuff sounds familiar. Well there a project that began seven years ago under the name project titan ultimately a failed attempt to turn some volkswagen vans into self-driving shuttles but that ended a couple years ago since tightened the company appears to have reexamined its goals and is ready to shift them back into gear. Apple is reportedly been in talks with hyundai and canada based magna international about a production partnership reuters reports. Apple would develop a concept the breakthrough battery and other bells and whistles. Then an auto manufacturer would handle the actual production. It's a quote red hot trend in the car industry for new entrance to handover complicated and expensive production to someone else. Bloomberg reports hyundai seeing that opportunity began investing in its contract manufacturing capabilities. A few years back and canada-based magna international is a contract manufacturer. That works with bmw. It's also currently manufacturing. Suv's for newbie fisker inc but fisker is still a car company and obviously apple is an electronics brand. This type of outsourcing is the same model apple uses. Its iphones by the way. The tech company dreams up and develops cool design features and capabilities. Then find someone else to handle. Production apple partners with taiwan's foxconn a contract electronics manufacturer to make those iphones. Foxconn is expected to have a role in the vehicles electronics. Production too but with an important difference making small electronics is much less complicated and less expensive than making cars. There's another risk factor to the sheer sales volume necessary to be profitable. It's jaw-dropping one. Cnbc report estimates. That apple would need to sell one hundred thousand vehicles each year just to keep an assembly plant in the black. That's a tall order. Even for a brand that has such devoted fans as production time hyundai's kia division was rumored to be the front runner for the deal with manufacturing possibly happening in the usa korea. It news reported if the partnership is successful. It may pave the way for other types of companies to develop branded cars too. But it's a big gamble for the electronics brand which is already had one pretty sour bite at the car manufacturing apple
"magna international" Discussed on Inside Transportation
"A comment on gadget. Then the overnight editor said you know inside antenna gate as the van and then it trended the next day and other people started using the term antenna gate and jobs knew that we were the first to use it or comment section was he was not a he was not happy he banned from the next event and then i told him i said listen. You guys pulled our credentials while we were in san francisco. My team is there. And we've covered every single steve note. We named it the steve note and they created the live blog for it so it was a pretty crazy back and forth and then at like two. Am steve jobs. Emailed me and said you're good and he pulled the thing. So i know i remember those days because in gadget and gizmodo were the two biggest blogs out there the number one in the number two in the world number one in the same person created a peter rojo's created modem and then i lord him away from gizmodo and offer them and weblogs inc the company that created a gadget joystick etc. And he left. Yeah yes so background for hyundai. Last week saying they were in early. Talks to produce cars for apple not this week which way to lose your. Yeah yeah i think. The last time that happened. Dr dre had said you know they were in talks to sell beats to apple and the deal did go through but it almost going to happen in this case And another thing we learned last week. Apple was interested in working with canoe so canoes. This start up. Developing this scalable electric vehicle platform a report from the verge. Said apple was reportedly interested in multiple options with canoe everything anything from investment to an acquisition. Because they wanted to use their technology but canoe was more interested in taking on investment from apple in talks broke down right now. Magna international messina's the leading candidate to manufacture the apple car so right now magnet actually has contracts produced vehicles.
"magna international" Discussed on Techmeme Ride Home
"Welcome back me right home for friday. January twenty twenty. I'm brian mccullough today. Interesting new apple cart rumors including how they basically rated tesla for talent. Alex stamos and chris cribs have formed. The security avengers people do seem to be jumping ship from whatsapp. Why roku is maybe the dark horse of the streaming wars and of course that we long read suggestions. Here's what you missed today. In the world of tech hundai has confirmed that it is in early discussions with apple on collaborating to develop a self driving car. But in case you're jumping ahead to apple may be buying hyundai or anything like that. This seems to be just a partnership right now and also hyundai says apple is talking to several carmakers about a bunch of things right now so quoting. Cnbc we understand. That apple is in discussions with a variety of global automakers including hyundai motor as the discussion is at its early stage. Nothing has been decided a representative from honda motor told. Cnbc's cherry king. The statement followed a local report from the korean economic daily. That said apple suggested the tie up and honda motor was reviewing the terms. The report said both electric vehicle production as well as battery development were included in the proposal. And that the car could potentially be released in two thousand twenty. Seven apple declined to comment on the report and quote at the exact same time in bloomberg mark. Gurman has a piece up saying yes. Apple is developing an autonomous electric vehicle. But the timeline for release. His sources say is five to seven years. Also this quote a key. Differentiator would be apple's ability to integrate. Its driving system a pricey initiative that has spurred the company to develop its own software sensor hardware chip technologies. The goal is to let a user input their destination and be driven there with little or no other engagement. According to the people familiar with the project apple doesn't manufacture its own products and it will likely take the same approach with a vehicle. It's unclear which company would assemble the car. Though in its first attempt about five years ago apple worked with engineers from magna international a major auto industry contract manufacturer apple has continued to investigate building. It's self driving car system for third party car partners rather than its own vehicle the people said and it could ultimately again abandoned. Its own car. Efforts in favor of this approach in assign it has now rebooted development of a vehicle apple in recent months shifted in executive known for his work on vehicle interiors and exteriors to its car team in twenty nine thousand nine apple hired former tesla engineering. Vice president steve macmanus but he initially worked on projects unrelated to the car. Now mcmanus leads a development. Group was several employees focused on car interiors fabrics car testing and vehicle manufacturing people with knowledge of the matter said he reports doug field a former top tesla vehicle engineer. Who runs the apple car project. Day to day apple also recently hired jonathan seve a vehicle engineer from bmw ag tesla and alphabets as a senior manager on the car projects in two thousand nineteen apple. Tapped michael schwer kuch tesla's former vice president in charge of drive systems adding to a growing list of former tesla employees working on the vehicle effort late in two thousand twenty apple also hired another former tesla vice president stuart bowers. According to a person familiar with the move. He led tesla's self driving technology team until mid two thousand nineteen and was an executive in residence at venture. Capital firm grey lag partners until july. According to his lincoln profile apples car team is filled with dozens of other x tesla hardware and self driving car. Engineers in total apple has several hundred engineers working on the project with most of them developing the self driving car system rather than the full fledged vehicle and quote. Solar wins has hired the ex cis a director christopher crabs as an independent consultant to help its crisis response after the big hack quoting the financial times. Mr crabs was in charge of the us cybersecurity agency until november when he was fired via twitter by donald trump for challenging claims that the us presidential election had been compromised by fraud. He will work for solar winds to coordinate the company's crisis response alongside his new business partner. Alex stamos a stanford university professor and facebook's former security chief. The pair told the financial times it could take years before. All of the compromise systems can be made completely secure again. Mr crabs said quote. This has been a multi year effort by one of the very best the most sophisticated intelligence operations in the world. It was just one small part of a much larger plan. That's highly sophisticated. So i would be expecting more companies that have been compromised more techniques that were yet to find. There's so much more to be written. I think in this chapter of russian cyber intelligence operations and quote so today. I learned that alex. They mustn't chris. Crabs have joined forces a vendor style to create. i dunno traveling millbury style. Cybersecurity supergroup cool. I'm gonna do a potpourri segment here. Grabbing a whole bunch of tv related stories i up.
An Apple/Hyundai Car?
"Hundai has confirmed that it is in early discussions with apple on collaborating to develop a self driving car. But in case you're jumping ahead to apple may be buying hyundai or anything like that. This seems to be just a partnership right now and also hyundai says apple is talking to several carmakers about a bunch of things right now so quoting. Cnbc we understand. That apple is in discussions with a variety of global automakers including hyundai motor as the discussion is at its early stage. Nothing has been decided a representative from honda motor told. Cnbc's cherry king. The statement followed a local report from the korean economic daily. That said apple suggested the tie up and honda motor was reviewing the terms. The report said both electric vehicle production as well as battery development were included in the proposal. And that the car could potentially be released in two thousand twenty. Seven apple declined to comment on the report and quote at the exact same time in bloomberg mark. Gurman has a piece up saying yes. Apple is developing an autonomous electric vehicle. But the timeline for release. His sources say is five to seven years. Also this quote a key. Differentiator would be apple's ability to integrate. Its driving system a pricey initiative that has spurred the company to develop its own software sensor hardware chip technologies. The goal is to let a user input their destination and be driven there with little or no other engagement. According to the people familiar with the project apple doesn't manufacture its own products and it will likely take the same approach with a vehicle. It's unclear which company would assemble the car. Though in its first attempt about five years ago apple worked with engineers from magna international a major auto industry contract manufacturer apple has continued to investigate building. It's self driving car system for third party car partners rather than its own vehicle the people said and it could ultimately again abandoned. Its own car. Efforts in favor of this approach in assign it has now rebooted development of a vehicle apple in recent months shifted in executive known for his work on vehicle interiors and exteriors to its car team in twenty nine thousand nine apple hired former tesla engineering. Vice president steve macmanus but he initially worked on projects unrelated to the car. Now mcmanus leads a development. Group was several employees focused on car interiors fabrics car testing and vehicle manufacturing people with knowledge of the matter said he reports doug field a former top tesla vehicle engineer. Who runs the apple car project. Day to day apple also recently hired jonathan seve a vehicle engineer from bmw ag tesla and alphabets as a senior manager on the car projects in two thousand nineteen apple. Tapped michael schwer kuch tesla's former vice president in charge of drive systems adding to a growing list of former tesla employees working on the vehicle effort late in two thousand twenty apple also hired another former tesla vice president stuart bowers. According to a person familiar with the move. He led tesla's self driving technology team until mid two thousand nineteen and was an executive in residence at venture. Capital firm grey lag partners until july. According to his lincoln profile apples car team is filled with dozens of other x tesla hardware and self driving car. Engineers in total apple has several hundred engineers working on the project with most of them developing the self driving car system rather than the full fledged vehicle and
Apple targets car production by 2024
"Of apple getting to the carpets and driving that sock three percent higher today. So what do we know. What does it mean for apple. Let's get to josh lipton for the details. Hey josh so melissa easy to understand why there is so much interest in this story. Just imagine tim cook taking the stage there before live audience and introducing an apple car. New report suggests that could be on the way that cook and company could introduce a self driving car by twenty twenty four. In fact with its own breakthrough battery technology that would apparently lower cost and increase the vehicle's range. It's easy to understand. Why could be interested in developing a car. The auto industry represents a big potential opportunity a two trillion dollar market on the other hand. We know there could be challenges for all the excitement and headlines. The auto industry is a low margin capital intensive business still apple rallying today now up nearly eighty percent so far this year and check out to companies that make light are sensors core component for self driving cars dina lulenar saw sharp gains added by the way magna international apple reportedly previously engaged that company and talks about manufacturing a car but talks apparently petered out back to you all
"magna international" Discussed on Commons
"I'm Marsha man and from Canada land. This is Commons. This episode is brought to you in part by audible audible leading producer and provider of downloadable audiobooks and other spoken-word entertainment creating in Dynamic and differentiated audio entertainment experiences the cover a wide range of genres and subjects from beloved classics to the latest Bestsellers Audibles GonNa give view emotionally rich intimate spoken-word listening for anyone seeking to be more productive better informed or thoughtfully entertained. Here's a book that listeners to this show or sure love of an audible check out the king of content sumner redstone battle for Viacom. CBS and everlasting control of his media empire. It's a book that covers a lot of the same themes is that this episode does like very very rich. People and fathers and daughters going to war over a business and it's got all that fun drama you need in your life like multiple mistresses lawsuits roots and secret tapes join audible now for their special anniversary offer for a limited time until September twenty six new members will get two free audiobooks with the first thirty thirty days free at audible dot. Ca audibles also giving away a free gift now until September thirtieth to celebrate their anniversary go to audible dot ca slash free Gift Gift F. R. E. E. G. I F. T. to get a free download of Canadian. Andy Tales from the true north strong and freezing. This episode of calms brought to you in part by fresh fresh books the cloud accounting software. That's designed to save you time every time you use it. It's so simple so easy to use. That fresh book says it will actually save you around sixteen hours hours a month on administrative tasks and paperwork. You know what you can do. In sixteen hours you could take the sat's just about four times so if you're looking at show although snot not nosed American teens who's boss fresh books will give you four shots to really stick it to them with fresh books you can have professional looking invoices and just thirty seconds and fresh books has double. Oh entry accounting reports and tools that help you plan for the future and evaluate the current health of Your Business and even better you'll have access to amazing canadian-based customer service so try it out for free head over to fresh books dot com slash Commons. That's fresh books dot com slash Commons. We didn't just go down to the race tracks to bring you kind of tortured metaphor for intro. We were there because at the same track one of Canada's richest men recently made off with a killing frank. Stronach is a man who knows his horses in one of them. Holy Helena one frank stronach the queen's plate making over a million dollars that justice one horses netted him. Maybe you've heard of frank stronach. He's the founder of Magna international the world's largest autoparts manufacturer and a full on billionaire revenues of the Canadian auto parts manufacturing firm MAGNA International Inc have risen from less than ten million dollars fifteen years ago to over a thousand million today and this morning. I welcome Mr Strong that lining the I said a thousand million million. That's a billion dollars. Yeah we very practical in those things. We just call it a billion dollars now. It's a lot of money for everybody. Strong is an honest to God rags to riches story. He moved here from Austria. As a young man and within a few decades the company he created was an essential part of the global economy here he is on the agenda and erupting candidate in fifty four a little suitcase coupland of bucks in my pocket. Dan and that did last very a long and furious late in fifty seven. I rented a small garage but a few old machines the down payment and out hustling to get some what Franks Johnny is a very controversial figure but you can't deny that he's had a pretty successful track record with magna coming here uh he came to Canada with two hundred dollars in his pocket and he built a billion dollar more auto business. I'm Robert Feith the Ottawa bureau chief of the Global Mail. Whether in any auto parts business or many of his other ventures which will get to in a minute frank stronach has always done things his way his biographer described him as a genius and a buffoon wrapped wrap together people work for him said he was autocratic liable to hire and fire people on the spot but even as control his company with an iron fist frank appears here's to have always had succession on the back of his mind. His son Andrew didn't really have an interest in the business world but then there was his daughter Belinda. I grew up I guess an immigrant household. My family came to this country with very little money and family value was to always appreciate shape what you have to get back to the community from an early age frank groomed Belinda for leadership he praised her publicly and g companied him to events in though we we sent to a public high school he also made sure to buy her a Camaro twenty eight for her sixteenth birthday. Belinda was on the Board of Magna by twenty to a VP before she was thirty and at the age of thirty five she became CEO and president of the world's largest auto parts manufacturer Belinda was a corporate rockstar. Dr She was charming photogenic a female CEO in a male dominated world and she helped magna international grow even larger and more profitable but so you may have heard of Belinda stronach for other reasons. There is a brief period in the middle of the two thousands were Belinda stronach was the most interesting person in Canada. She left her job as CEO Magnet International to run for office and what came next is a whirlwind. Here's George strapless center up before two thousand six interview interview on the hour and you know the story right. Belinda Johnny reveal the Conservative Party ran for the leadership lost the Stephen Harper then junk to the Liberals Relationship Peter Mackay that whole thing in the papers Paul Mark made her a cabinet minister liberals lost the election and strong on the opposition side and then we'll this hit the newspapers and everybody went crazy stronger than the other woman in that divorce application you've heard heard a lot about filed by title and his wife the same by the way who just retired from the least number twenty eight then you had the whole thing involving the affair allegations. Blah Blah Blah of course the allegations are not proven annable industry exists. She insists she did not break up the marriage. After losing the Conservative leadership to Stephen Harper Belinda became a star within the party her relationship with Peter Mackay was the talk of Ottawa but all that began to unravel when she crossed the floor to join Paul Martin's liberals without even telling McKay which led to the single strangest suggest political segment that's ever aired on TV. The day after and Peter Mackay came to his father's garden looking for comfort and for answers to the question what just happened came home to heal and think a little bit and today's new day so my head's clear my my hurts a little banged up but that'll hill. I just didn't see it coming spend a lot of time with her and her children for the last number of months and so hurts. Did you catch all that. Let's do it again. One more time for good measure Belinda stronach ran for the conservative leadership came in second to the future. Prime Minister started a relationship with one of the most high profile conservative. MP's switched parties on a dime leaving both the Conservatives and poor poor. Peter McKay heartbroken took a cabinet post left politics after her party lost and then maybe gotten involved in an affair with hockey player most famous for brawling and a bunch of weird telephone commercials. Belinda time in the limelight was short-lived but she managed to tear through to political parties like a tornado and then just as quickly walked away. You'd you think that things would settle down when she returned back to the family business but alas that wasn't meant to be a multi-million dollar family feud over the family business has a father. You're facing off against his daughter. In Court Frank Stronach Canadian Immigrants Success Story and his daughter Belinda a former cabinet minister and member of parliament or illegal battle over the family fortune frank in Belinda had always appear to be so close a father and daughter duo ruling over a multi-billion dollar empire together. So how do they get to the point where they're suing each other for hundreds of millions of dollars. Robert Fife learned pretty quickly. How strained the relationship between the two had gotten? He's the only reporter that Frank Stran- has given an interview to through this whole saga. I was approached by Dennis Miller who is a former liberal. MP and a former executive of of frank stronach's racetracks to say look. Why don't you sit down with Frank Stronach. He's got to have peace in his family. He's gotTa make an overture to Belinda to try to put this all the bed and to get the family back together and when I sat down with them that's not the frame of mind that Mr Strong was is in so throughout this interview I had with Mr Straw. Mr Bill skip saying Franken see that no. I don't say that Frank No MR is your strategy is a self-made guy. He speaks his mind and he wasn't going along with Mr. Mills. View of how this interview should have been conducted so so from my point of view it was a far more interesting interview than I would've expected to understand. How things got this intense. We have to go back to Belinda sudden departure from politics she went back to the family business and took up a spot a magma's board of directors and even though he wasn't CEO Frank stronach still still call the shots at magna though it was a public company Frank had super duper special shares that gave him total control of the corporation and don't worry oldest is leading us back to those horses in pretty short order. Even while magna international was turning into a corporate behemoth. Frank stronach was always trying to start up new businesses his with company money and a lot.
Belinda Alleges Frank’s `Fanciful Schemes’ Eroded Stronach Family Empire
"As the story goes frank stronach arrived in Canada from his native Austria in Nineteen fifty four with two hundred hundred dollars in his pocket and the hope of opening a tool and die shop that shop eventually became the auto parts company MAGNA international which made Strana on a billionaire frank then got involved with thoroughbred racing owning both racehorses and eventually race tracks today the Strana group the spinoff off company for many of the Families Racetrack Operations Owns Gulfstream Park in Florida both tracks in Maryland Loral and Pimlico home of the preakness and of course source the great race place Santa Anita among others over the years. Some of Frank stronach's race track plans heavy listed quizzical looks with one example being the thirty million dollar price tag for the Pegasus statue outside of Gulfstream his daughter Belinda though has done more than look quizzically. Belinda is now the chairman and President of the stronach group and she is suing her father for over five hundred million dollars. She claims claimed that francs pet projects as she calls them have lost the company huge sums of money frank has counter-sued saying that Belinda and a former business partner appropriated family funds for their personal benefit good grief. What will this family feud mean for the Strana Group Group and by extension for the entire thoroughbred industry here in the United States since T S G controls so many influential tracks to people who were quite familiar with the business dealings of the strategic group are writers Joe Connor and Barbara Sector of the financial post a Canadian based publication and we welcome Miss Scheckter and Mr O'connor here to win the gate. Let's start with Mr O'connor. Each side accuses the other of financial malfeasance. What facts do we know through all of this bluster. Well what we do know is what the suit alleges and what I'm frank is accusing blend end of is misappropriating funds and essentially locking him out of the company that his money built and what Glenda is same is. That's not the case and in her countersuit. She's saying well you know. The Truth is here is my dad and I'm quoting is is she's called them idiosyncratic idiosyncratic and often unprofitable side ventures meaning that she believes that her father has a frittered away money on then any projects such as an organic beef farm in California and on a fancy bike electric bike and on other things and that has put the company in jeopardy and that in order to see rescue the company's fortunes. She has to keep her father at arm's length from it. It's a giant. He said see she said as long as that's floating out there and working its way through the court system. It's going to mean some uncertainty. I think the the thing that is sure is that there's going to be continued uncertainty until this gets resolved so so. Michelle after financial controversy has followed the strongbox for quite a while even going back to two thousand ten when they were paid basically to leave magna and it seemed like a little unusual to say the least I mean what do things like this say about the nature of their business dealings things in their character especially as relates to their employees. Well I mean it was very unusual and it was quite controversial in Canada just because because of the the quantum the amount of money that they paid to collapse this dual share structure which gave the Straw nics way more votes per share than other shareholders. I mean it was a common structure in Canada and it's even sort of picking up steam right now in the US and a little bit back in Canada because it allows sort of families as an entrepreneurs to retain control but in the case of Magna and at the time it was an unpopular structure and companies were being pressured to drop it it and stronach agreed to collapse it and leave the company but he demanded what summit called a king's ransom to do so and he was not willing to bend on that it ended up going for Securities Commission and also through the courts with some of the large institutional shareholders like pensions demanding that you know that he takes less money that it was far too much money but he was unyielding and he walked away with exactly what he negotiated with the company who cares what at the institutional shareholders who've been there for varying amounts of time want so it was the same when he was running the company he did things his way he took you know large paychecks and defended them telling people that maybe he even deserved more than he was taking so certainly as strong willed and you know willing to keep pushing his way and getting it so that certainly is the type of personality. We're talking about here. It's a it's not a shrinking violet on either of their counts. What about the potential cultural difference at work here since you have the self made father and daughter who was born into wealth. I think that's a huge the dividing line you see frank who was a child in wartime. Austria who comes to Canada panelists our near to it and has the Moxie to build a company that goes through the roof in terms of its value he built this thing with his hands and I met with them for lunch going going back into the spring and what he said at the time and he wasn't GonNa go deep into the weeds of the actual legal case he wasn't gonNA roll mud necessarily Elliot his daughter but what he did say quite clearly and what was evident in our conversation was that he truly believed that he'd built this. This was whose baby as it were and that his children his daughter and son and their children should be entitled to some of that well but in the form of of a and inheritance in the form of what I think the figure he quoted to me was like I will give my children one hundred million dollars each and they can go on build their own legacy. I can see whereas frank sees. The He sees the race tracks. TST owns he sees the empire as I've been been built by his his money and he believes that he should have the keys to the empire and be able to drive you in whatever direction he
Self-driving cars are racing self-driving regulations to the streets
"This. Marketplace podcast is brought to you by Colgate. University now in its bicentennial year. Colgate university is celebrating a proud tradition of intellectual rigor at it's beautiful campus in central New York. Learn more at Colgate dot EDU. Self driving cars are racing self-driving regulation to the streets from American public media. This is marketplace tech demystifying the digital economy. I'm Molly would. Earlier this week Google self driving car spinoff, Waymo launched a commercial self driving taxi service in the Phoenix area. It's limited. But it is technically a public launch not just testing. And this is actually a case where the tech moved faster than the laws. Proposed federal rules for regulating self-driving cars called the ABC. Start Act have been stuck in neutral for about a year. But this week senators updated the language in the Bill. They're even considering attaching it to the must pass budget legislation that congress will decide on before the end of the year. Arjan Marshall covers autonomous vehicles for wired magazine, we called her for quality assurance the segment where we take a deeper look at big tech story. She told me the legislation is about trying to establish responsibility and liability for self driving cars, a big part of this legislation is trying to define what part of self driving car. Regulation is going to be. In the hands of the federal government, the department of transportation, and what part of it is in the hands of the states and cities that will actually have these things on their roads. But that's a big controversial in itself. Right. I mean with this legislation supersede the state laws. Yeah. It's definitely controversial. So so the way it's been explained to me, thus far is everything the bumper to bumper car that means the design and the performance of the vehicle is all up to the federal government. And that's actually the way it works for normal cars now, they're making sure that your Toyota isn't going to kill you. And if they discover a defect they're going to create a recall so that Toyota to come in and fix that. What's left up to the states and the local municipalities are the traffic laws licensing and registration. Just like you. And I have to go to the DMV autonomous vehicles might have to go to the DMV in certain states in and get their license there. So that's the way it's kind of. Breaking down at this point. But this is just the start. This Bill is not meant to be the final word on self driving car regulation. They're just trying to kind of lay the groundwork as this technology develops. So is there any sense than of what happens now is is this Bill likely to pass if it gets attached to the must pass bending fill. There are still definitely some particularly democratic Senator holdouts who really just don't like the way this Bill is handling safety. They wanna firmer federal oversight of self driving car technology. So they're not gonna vote for this Bill that said if it does get attached to a bigger spending Bill that has to pass. So that the government doesn't shutdown is going to be hard to justify not voting for it. Just based on this tiny little self driving car part. I'd say most of the industry is really happy with this Bill. I'm hearing a lot of optimism out of Washington. But it's definitely not a done deal yet. And then this is sort of unrelated. But as we're of course, about to talk to you we saw that lift announced. That it's going to IPO. Do you have a sense based on your past coverage? How important autonomous cars are going to be to the future of companies like lift they think they're going to be really important a company like Lifton, Uber could be so much more profitable. If they didn't have to deal with those pesky human drivers that they spent so much time trying to recruit trying to keep happy. So these companies think that some and cars are really important, and they're both pouring a lot of money into into this big technological problem. It's a big open question when this technology will be ready to go out on roads in most cities. But it's it's something they're very interested. In Arjan Marshall covers autonomous vehicles for wired magazine. And now for some related links more on lift for a second. That company has had a very different approach to self driving cars than Uber, which has been trying to create its own technology in house lift partners with just about anybody letting Ford GM and Waymo all tests their self driving cars on its network and in March of this year lift made a deal with Magna international to create driverless tech. There's a good story on all this from March in the New York Times, I put that link on our website marketplace, tech dot org. But now that lift has beaten Uber to the IPO starting line. I can't stop with the puns expect a lot of discussion of the differences in the two companies and how they approached the self-driving market both of them believe that driverless cars are the key to their future business. Butt lifts approach might just be cheaper. And faster in the long run. That said way MOS new commercial service will compete directly with both Uber and lift so success is far from assured. And just an update from the world of fortnight. We talk back in October about how fortnight has borrowed liberally from artists and rappers in creating its popular emotes those little dances that players can buy for five bucks. A piece we interviewed a lawyer and a former dancer who walked us through what it takes to actually copyright a dance move. She told us it could be a high bar to clear, but lawyers for the rapper to Millie are going to try to jump that bar. He sued the makers of fortnight on Wednesday. He alleges epoch games took his Milly rock dance and renamed it swipe it in fort night. There's a link to the story about the lawsuit and our interview on marketplace tech on the website to I'm Ali would. And this is marketplace tech. This is APN. Listeners like you who give to marketplace do more than just keep us on the air. You help us grow and get better. It's a way to directly support independent reporting and journalism you trust and to make it possible for us to tell the stories of modern life through our digital economy. And when you give today the impact of your gift will be doubled. Thanks to our friends at Condado donate now at marketplace dot org to make your donation. Go twice as far and thank you.
"magna international" Discussed on Monocle 24: The Globalist
"The Hewlett Packard executive, the New York Times has pulled out as a media sponsor. Richard Branson here in the UK the billionaire. Richard Branson says he is going to halt discussions with the Saudi Soren well-funded to invest in his space business. It is an intern of the others. We've got black walk. He's one of the sponsors, big American. The biggest actually for manager in the world, they're saying we are closely monitoring the situation. Basically, this was supposed to be their big, look. Everybody. Look how all this. We all at a whole lot of western companies pulling out because the the damage it can do to the reputation. By the way, this conference is quite is quite a well known and it's been nothing of controversy because if you remember this conference a year ago is where crowds crown the crown prince sort of rounded up all his political competitors rounded up all the witch and wealthy and Saudi was they were the comforts of putting them in a glamorous hotel that they will on arrest. So this conference, it's sort of getting a bit of reputation. He probably doesn't want to get. Let's end up with the Canadian family war become family, get you. So you think you will finally have rials over monopoly. I'm telling you it is taken to an enough level entirely with the rich. I mean, it's extremely say, self made man. This is soon as I say self, you know, it's going to go because because he's like to be very quickly his children because they got all the money and he had to make himself. He's also to have relationship with chip. Because while he was making his billions in his business, he spent a lot of time with them to straight away. As soon as they self made mind, you thinking the gettys that level of damage dysfunction and. Damage, distant, deep, dysfunctional damaged family. So what's happened is he doesn't like the way his daughters running the business. Okay. So it's a global car parts firm. That's how he made his money, Magna international stuff. Dauphin Garrett into also moved into horse racing as well and owning various whole race tracks as well. But he doesn't think it's daughters doing good job. So he has filed a suit in Ontario court this month claiming white for it. Four hundred million dollars of damages, naming his daughter, Belinda and her two children, and the CEO of the business and said, love is in the in. The lawsuit says, a complete breakdown of relationship. I would think five suing your daughter for four hundred million dollars probably does constitute a complete breakdown of the relationship. The best is the five back from his daughter. Belinda fifty to my children. I love my father. I don't know how's the will looking Belinda because currently it's not looking great. It just proves that money does not buy you happiness -solutely he's thank you very much. Indeed. That's Louis Kupa. The wills, largest trade fifth books. The Frankfurt book Messa is well underway to find out what it takes to run the most important event in the global publishing calendar Monaco's has to Underhill sat down with yoga and booze the fest president and CEO took about the challenges of running the event which the focuses on Georgia's it's country of interest, but she began by asking what makes the German publishing industry itself. So distinctive to special, let's publishing scene. We away strong. We have still seven thousand publishers, and most of them are very, very small ones independence, and you can find them all over. You don't have to be in Berlin. To be independent publishers. But if you look into trade publishing, the big conglomerates, you will fund them in Munich and they don't have upset here in Berlin. And so why do you think that Frankfurt book has flourished in the way that it has? What's the kind of secret Pabst at staying power and its status is the largest of its kind while wide. Do not any other, which could compare Frankfort because it's unique to this business to business approach for few days. Hundred thousand professionals coming from all sorts of media. So it's not only book, but it's film realization. It's game, sits everything. Every somebody intellectual property to tweet takes place here and on the on the weekend. It's one of the largest cultural festivals to this combinations, unique and an actually most of the other books worldwide, like sales outlets, you buy your books here..
"magna international" Discussed on BizTalk Radio
"So ladies and gentlemen, do something a little bit different this morning. You ready? What are these names haven't common? Ford. General motors. Alibaba snapping Dow Duponts, which is on the Dow thirty Morgan Stanley. International paper. Invesco? Mascow? PPG industries international game technology. Barclays bank. STM microelectronics Manulife financial. Tom Motors Huntsman. Alcoa, Credit Suisse, borgwarner Pitney Bowes landed company packaging corporate America. Louisiana Pacific connectivity. Novo Nordisk Olin Corp. Kim Moore's company my land. Switch inc. Delphi. Technologies. Oh smith. Sealed air data Inc. Unite on United Microelectronics, Magna international world, pull HDFC Bank. Fortune brands Owens. Corning Applied Materials.
"magna international" Discussed on CNBC's Fast Money
"I think one needs to be active there. You don't wanna use to express that view right now. There is value in there. I also think Europe's interesting because when we when we think about these trade wars, you know, I would guess the administration's gain a lot more pressure from donors from voters from businesses in the auto sector. And that's more of a domestic play that you want to be careful with. So I think resolution on the auto front seems relatively more likely than China front in the short term that's going to benefit Europe more than China. So if you're looking for pockets of value besides the value style, I would think Germany is interesting. Italy is still huge wildcard to me and perhaps a really ugly one. But Germany, I think probably does have some value right now plays on China. It plays on the US. It plays on a resolution on autos. So we were talking about, we talked a lot about China and that is kind of the tougher negotiation. When do you get worried that this negotiation has gone too far and starting to do damage. So I I happen to spend a week in China this summer, which was an amazing trip. And it was interesting to me that already in July, the Chinese government was giving subsidies to export related firms. So we talk about the farmers here in the US. There started a few months ago, so they know that they need to manage the pain to keep the economy of float to keep social and political stability. There there, the currency move over the weekend is meant to, I think, help negotiations with the US. We don't want. They don't want the US coming after them as a currency manipulator. So find stabilize the currency, prevent capital outflows focus on the fiscal stimulus. But I think they're gonna play the long game. To your point earlier. I think they have more leverage than America gives them credit for. All right, Rebecca. Great, ASEA. Thank you. Great. Being here, Rebecca, Patterson investment trusts. What we do today guy. It's not today of big pharma was down across the board, but I still think healthcare outperforms in this tape. I think the names like five or in Lilliana biotech Tim night has talked about on the closing bell. I think that's base still worse. I, I'm looking at Ford. I think below ten is still tractive. I wanna see if it's more than as Rebecca said more than the financial one hit. Wonder, one day wonder. So I'm looking at Ford probably be a buyer if it continues the strength above ten this week and some of these resources ams really do look oversold and the dollar's weakness I think, continues watch ninety four fifty in the why we're gonna do a cannabis sector in the third block. I mean, shelling upside calls and things they're having ferocious moves where your long covered calls is what I've been doing there because well, I, I'd look again, we're still trade war. So look at something like Magna international MJ that you're Canadian auto play. So if you think. That there's going to be a deal out there. Nj is going to be the one that's gonna respond best. All right, and join us tomorrow on the trade deal and more Treasury Secretary, Steven Mnuchin joint squawk box at eight AM eastern time. You won't want to miss that coming up. Tesla will stay public for now alone Mustang. He will not be taking the company private after all, but could this be just the beginning more problems for the CEO. We've got the details poss- hot stocks on fire speculation of another big deal the market, but are cannabis king sim Singh, whereas to weed out the rumors for you, aren't you? And later we are forty five minutes away from the special CNBC documentary, big point, bloomer bustling too big guests bitcoin Jesus himself. Roger view will join us and so will the man who dumped perp dome near the top, the founder of life point Charlie Lee, he will join us as well. We are live from time square in New York City much more fast right after this..
"magna international" Discussed on Bloomberg Radio New York
"Hong kong i'm yvonne man bloomberg daybreak asia meantime there's now a pile up of car companies and parts makers urging the united states to abandon its terrorist plan then he's really greenie has to report south korea's hyundai in germany's bmw are now asking washington not to impose tariffs on us auto imports hyundai says the duties would be devastating and jeopardize its plan to expand manufacturing in the us it also says weakening hyundai would ultimately hurt president trump's effort to halt north korea's nuclear ambitions a german publication says bmw has written the commerce secretary wilbur ross to point out it's nine billion dollar investment in spartanburg south carolina supports more than one hundred twenty thousand us jobs and canadian auto parts maker magna international says tariffs would weaken the us economy gm learned last week increased tariffs would lead to a smaller gm and a reduced us presence denise pellegrini bloomberg daybreak asia six half minutes past the hour let's get to the news desk north korea can dismantle its nuclear program within a year the thoughts of president trump's national security advisor there let's get some details with ed baxter who's got all the global news from the limerick nine sixty san francisco newsroom ed yeah good morning there bryan john bolton says they have a plan it'll be discussed with the north very soon this ally to the swirl of reports over the weekend saying that north korea's hiding new weapons and going ahead with this program bolton says the us wants to persuade quit proceed quickly because more time for the north the length of time they have to continue their nuclear chemical biological weapons programs and ballistic missiles president would like to see these discussions move properly to get a resolution this has been the advice that china's leader vision thing has given us as well ball cbs has peers to be the first mention of a timeline forgetting denuclearization and the president i made a deal with him i shook hands with him i really believe he means it now okay is it possible have i been in deals have you been in things where people didn't work out it's possible trump on fox protest organizers hong kong sang fifty thousand people joined the pro democracy march over the weekend in hong kong why do we wait paul.
"magna international" Discussed on The Jordan Harbinger Show
"So interesting story i don't know you're familiar with the chrysler group dodge chrysler jeep yeah i grew up in troy michigan so there's die more guy you know i drive big v eight charters and challenges so chrysler horsey right chrysler was owned by dime orban soon mercedes and mercedes was not doing well with chrysler so in seven they put them up for sale and a company called cerberus ended up bynum and then they didn't do very well either so they sold their interest to and now the rest is history so it's chrysler automotive our automobiles now fca but what a lot of people don't know is that in two thousand seven before cerberus bought chrysler the top bidder and chrysler was magna international now magna international was a russian auto manufacturer and controlling interest of magna international was there a pasta so in a nutshell in two thousand seven the russian mafia and intelligence services almost bought one of the american big three that's really scary because we need them to manufacture things that we need for conflicts right not just your fancy sports cars right dare posco you know he's so full of men he goes out and talks about krisha a russian word for extortion money to protect clients it literally means roof in russian you're paying to protect your roof so they're a pasta said during these aluminum moore's no i wasn't a crime lord i wasn't in the mafia i paid all these kgb guys and cops and special for skies to protect me you know i had to pay extortion money hush money whatever i had to pay extortion money they were criminals i was a good guy i was just a businessman right and it's in businessman right so so all of a sudden you know different bankers in different countries end up murdered systemic government corruption both within and outside of russia that has ties to dare posco weapons trafficking human trafficking money laundry all has ties to dare pasta this is a james bond villain yeah this guy is not just bad this guy is like evil bad and why does this matter because paul manafort worked for the guy he's been.
"magna international" Discussed on The Jordan Harbinger Show
"They're the allegories of russia these are the worst of the worst people on the planet and this is all putin's inner circle and now they own the telecom company the oil company the aluminum company of the gas company electric company yeah so there's there's two big angles here you know in russia industries you have metals and you have energy i'm coming back to this russian election interference thing have you ever heard of a guy named oleg der pasquale share yeah i have it but many people have in tell us about so dear pasta was a former nuclear physicist pretty smart guy yeah he's now a billionaire allegoric some background on der pasta in two thousand eight he tried to come the united states but the department of state refused his travel visa on grounds of his affiliation with a major russian mafia family ismael i can't even say it i think it's it's male of skyro brotherhood as a major crime family he's male of sky a brotherhood right and they said look this through the mobsters not come in the united states and his background in a nutshell is in the ninety s you know you had the collapse of the soviet union you had what was called the aluminum wars and dare posco was the head of a company called russell and all of a sudden after after the collapse of soviet union everybody was trying to take over the industry aloom dare aluminum right so like ninety two percent of the world's supply of aluminum or something like that is in russian almost the world supply of nickel so too precious metals so der pasta there are some stories i don't know if they're true or not but their stories about their posco with armed guards locking down in his factory as people are trying to kill him i've heard stories of him skiing down a mountain will be in shot up rpg's who knows if it's true and nuclear physicist but one sound but the point but it could be all nonsense but the point is there is there was dozens of major metals parents and now there's one they're all dead dare pasta runs aluminum and dare pasta then went and bought the auto industry in russia so magna international gosnell.
"magna international" Discussed on BizTalk Radio
"Three or more ac interactive semtex that was on numbers mcdonald's but what i said some doubt stocks bouncing by do magna international roper industries or roper technologies fifty eight dot com gotta write that one down a snl holdings china lodging bounces to a more vail resorts cb group kasa systems costs vera sign why bo goldman sachs movers today caterpillar was up to robot i said there was a few stocks do i need to repeat what i think markets here do you all know what sectors i would avoid you know all the names i've told you every one of them hope you're listening if you just were avoiding the names that we've been telling you to avoid a lot of money would be saved it's amazing i'll get these accounts transferred into me with oils down fifty percents and i would ask them why don't you call why why do you own oils if it's down fifty percent and then they call the broker and the brokers as well you gotta own everything no you don't why do you have to own everything why would you own stocks that are in bear markets makes no sense i'd never got that kohl week this ladies and gentlemen there's no reason to bear market stocks just the diversify that's my take of course you can decide what's best for you up next more this that the other thing and whatever else this is.
"magna international" Discussed on Bloomberg Radio New York
"Hugh labor played a very major role there so this is a great picture his personal story in his record an important part of it we're going to win big we're gonna win a lot of seats that's going to be good for the american people pelosi said lamps promise to vote against her house speaker did not have much impact is an issue and the republicans got no mileage from their tax cut on capitol hill irv chapman bloomberg radio the american civil liberties union is suing the trump administration to stop it from detaining immigrants who have a solid case for seeking asylum in this country global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm nancy lyons thanks nancy now with our other top stories i'm pat carroll home prices in the us rose at the fastest rate in four years last month according to brokerage redfin home prices increased eight point eight percent year over year among the reasons a strong labor market and a shortage of homes for sale the median home price across one hundred seventy two large metropolitan areas jumped to nearly two hundred eighty six thousand dollars though sales were little changed what will happen when the us unemployment rate falls below four percent we turn to bloomberg economics reporter genus smiling to answer that question but we did to assess that as we went out to ames iowa which has one point five percent unemployment marietta georgia which has slightly higher unemployment but it's actually seeing some wage and price gains and then portland maine which also has very low unemployment around one point eight percent and those markets tend to have a few things in common and players really competing hard for workers we saw a lot of wage gains some move short automation but will you didn't see anything that would make you think inflation and wages are going to take off dramatically and that's probably good news for the federal reserve if it's true of the country because it means that they're sloan steady gradual pace of rate increases can probably proceed without resorting to overheating in the economy the us unemployment rate currently sits at four point one percent after the economy added three hundred thirteen thousand jobs in february lift has struck a multimillion dollar deal aimed at making self driving cars a reality the ride hailing service in north america's biggest auto parts supplier magna international will share the intellectual property from developing autonomous vehicles magnet will be free to sell the technology to car companies xbox is looking to lure.
"magna international" Discussed on KGO 810
"On the thursday morning armstrong and getty show an update from london on the tension between the brits and the russians also how to not carry grudges they say it's like drinking poison waiting for the other person to die carrying a grudge around all your life so how to get rid of that plus the issues the stories the headlines of the day it's the sort of thing we do every morning of course on the armstrong and getty show the armstrong and getty show morning six to ten only on the next generation nation of k g o eight ten jio eight set the policeman cleared of shooting right yeah prosecutors clear this officer in the shooting death of a man who attacked him with two knives the da's office review the officers body cam recordings and concluded he acted lawfully in the shooting death in may of last year investigators say the twenty eight year old man was mentally ill and suicidal alaska man's been arrested for allegedly shooting more than one hundred thirty hawks and other protected birds of prey stay fish and game authorities call a california's largest poaching case on record involving raptors officers found hawks heaped in piles on richard parker's property the ceo of wells fargo got a big raise last year despite the fallout from the banks fake account scandal and other issues the bank says tim sloan got a bump of four point six million dollars in two thousand seventeen thanks to an increase in the bank stocks he was awarded and finally a canadian companies partnering with the ride hailing service left to develop self driving vehicles magna international is also investing two hundred million dollars in san francisco based left and this news award sponsored by organ termites aren't funny five billion dollars a damage a year won't have you bust in.
"magna international" Discussed on Bloomberg Radio New York
"The us is literally never left the trade agreement before the legal path is pretty on certain you can bet they'll be all kinds of lawsuits and members of congress in the us chamber of commerce who like their hair on fire kind of nafta is beyond the gong show feld were really john trotter territory but for now early start a club dead josh reading a headline in the urban rail in canada and it talks about investors should protect themselves in canada against nafta termination rates where would that most likely show up would it be in negotiations over the content of automobiles auto would be really hard hit if canada uh it's not the you know that that being said a lot of the sort of canarian the coal mine tech company but they get magna international bar are these two auto parts firm bitter poster children for nafta and they bear sure if you've been doing pretty well comparatively over the course of the talks investors like now don't seem to actually be betting uh again uh a now deal so that's interesting to know other sectors you know agriculture would be shall be rocked by the kentucky last in particular at nafta uh ended egg is really dependent on nafta particularly american agriculture other kgb impacted on earth indicating energy you would be like impact could do the oil isn't real year after thing but i think overall will you he's the gdp impact in all three countries glut in if there are certain factors that are more closed put dump on the gdp and all three countries josh there has been his perception that president trump is the biggest opposition party against nafta i that is perhaps not the case anymore recently wrote a story the headline being to dover places trump as the biggest obstacle to the pacific trade pact that is of course what's going on in the pacific but also in nafta nations justin trudeau the head of canada has put a question of resistant trade europe ukip fighting the war on two fronts here who that the impact of course the tpp donald trump is that the tribe talbott you've japan and particularly desperate.
"magna international" Discussed on KBNP AM 1410
"Back to armed american radio's daily defence with mark walters high so you've got republicans seemingly agreeing with the democrats who are instantaneously out in the how does that benefit the republic of what are they get out of that does it make paul ryan look like he's pro gone like he says he is now pro paul ryan is is a political animal who will do or say anything he's already pulled the cher act off the table because of suppressors the hearing protection act why because loud mouth hillary clinton who by the way who cares about hillary clinton is out there talking about imagine of this measure fiata so he didn't have a silencer he didn't have a suppressor it wouldn't have mattered if he did uh it wouldn't have mattered and what is paul ryan do yes it right off the table share act which does lots of other things we covered it here on the show it's not just hearing protection of its is tabled for now magna international auto know that is coming up but now all of a sudden you're agreeing with the gun ban crowd so let me clarify my position on this this isn't something i'm going to do battle with like i would if it were a a choice a firearm that i want to have that were semiautomatic firearm for example and assault weapons ban it's an accessory and i'll tell you i am not because i don't think this thing stands a chance at this stage of the game i really don't there's this is a political ploy right now the republicans are involved in this and i'm going to tell you right now i gotta i there's a theory i have behind this don't be shocked uh if you see now go back to that national rifle association statement that's their number one legislative agenda it's all of our number one it's it's arts by number one legislative agenda right now is concealed carry reciprocity you know that for crying out loud how long we talked about it had thomas massive represented massey on the program discussing that he made comments of paul ryan was the one that was holding up that legislation and on and on and now all of a sudden the right the national rifle association shen is not only silent not silent but they're coming out calling flat out four and i'll say it again in an increasingly dangerous world the nra means folks with the nra believes that devices designed to allow semi.
"magna international" Discussed on BizTalk Radio
"Pow american airlines at better numbers western digital back into new high ground straight up over three they period a cognisant tech on the little breakouts sailing straight up some solar stocks by the way when you have a chance to go take a look at some of the solas i solis son power canadian solar what else under what true car on the new high vera sign i pg photon expiry this is nasdaq types on the new york a little bit more meat on the new york you ready square simple less q ali baba dow chemical breaks out menu life financial cordoning akg caterpillar dupont as we mentioned the dow bowing to extent the franklin resources data corp data inc damon corp hsbc holdings united technology breaking out blackstone breaking out abbott simple k em breaking out owens villa noise magna international cigna ford warner not a lot of beta here but just telling you eaten t e connectivity thermo fisher scientific delphi automotive rory sony coming zinc becton dickinson hdfc bank kansas city southern stanley black and decker raytheon lockheedmartin boasted does defense so something starting to happen here and if we get a full break out on the down one sp that's going to be more names of the emerging markets etf iaea breaks out to new highs fxi the china breaks out to new highs india breaks out to new highs then we give you couples symbols vw owen i e m g break out to new highs and remember we been telling you to avoid russia and brazil they've been get hit hard they look like they turned the corner here a little bit the nasdaq 100 back above the fifty daytoday the xl came which is the tf for technology back above the fifty daytoday so just let you know reporting in news and when you have a chance go take a look at something simple the support levels we gave out and the fact that they held like troopers like troopers.
"magna international" Discussed on BizTalk Radio
"If you talk to let's get to invest reserved with back on you know you get these some some that they come the computer just says updates in five minutes can cancel them for hours i try to do it didn't do it bill i saw a few other notes today insurance stocks very strong here just letting it out managed care very strong just let you know what really is breaking down here is more auto stuff order would quit stuff magna international danaher things like that so we continue to stay away for anything what over lated at this point in time or or the related is jess in the bis right now that's the best way i can put it so as i mentioned yesterday google still hold the fifty amazon facebook undercut it gets back above it apply optoelectronics a whole set shop of ice sitting on a lamb research sitting odd western digital sitting oughta jd dot com sitting audit coherent bounced off of that the nasdaq one hundred go take a look look exactly where it sitting right above it if you go back to april look with the nasdaq one hundred touch at bounced off of at this time is difference because you will very extended an volumes been very heavy on the downside at apples now the performing but as long as the fifty they moving average holtz that will be louis important day on the nasdaq one hundred that'll be fifty six thirty six closed at fifty six eighty one less than one percent on the nasdaq closed at sixty one fifty one six thousand 85 is that all important area and we will be watching as bad as close as close can be because you really don't want to lose tech knowledgeable by the way let me add one more to that equation the x l k which is the s p information technology sector index sitting right on the ve day.