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Nissan to cut 12,500 jobs as crisis deepens after profit wipe out

Marketplace with Kai Ryssdal

02:00 min | 1 year ago

Nissan to cut 12,500 jobs as crisis deepens after profit wipe out

"Have you along everybody up i in the yes business it is hard but how does that happen category today nissan prophets the japanese automaker fell ninety nine percent in the last quarter compared to the same period a year ago ninety nine percent and because of course the company announced it's going to lay off nearly ten percent of its workforce as a result almost thirteen thousand jobs worldwide what went wrong you ask says marketplace's megan mccarthy carino go just about everything nissan's troubles started piling up with the arrest of former chair and c._e._o. carlos gone on corruption charges last year that really put the company into a tailspin michelle crabs analyst for auto trader says that came on top of an ill-fated strategy to grow market share at the expense of profitability that caused some bad behaviors like relying on deeply discounted sales to car rental companies for a disproportionate share of its business that cut profits and tarnish the brand michael ramsey an analyst with gartner says says consumers used to see

Nissan Analyst Gartner Megan Mccarthy Michelle Michael Ramsey Ninety Nine Percent Ten Percent
A Fiat Chrysler Merger With Renault Would Create 3rd Biggest Car Maker

NPR's Business Story of the Day

03:51 min | 1 year ago

A Fiat Chrysler Merger With Renault Would Create 3rd Biggest Car Maker

"Support for this podcast and the following message come from American pest as the leading provider of safe, sustainable pest control solutions across the DMV. Let American past help you to take back your home or business from menacing pests visit them today at American pest dot net. Fiat Chrysler is proposing a merger with the French automaker Renault, Reynaud says it's considering it, this merger would be a big deal. It would create the world's third biggest car company after Toyota and Volkswagen. Here's NPR's Camilo domino, sqi, a merger this big would be striking, but not totally surprising. Fiat Chrysler has been looking for a partner for a while. And there, there are limited partners available. Michelle crabs is an analyst with auto trader and Cox automotive. She says, meanwhile, the French Renault had a long standing alliance with the Japanese automaker Nissan that was working. Well, and then things went awry, when former CEO Carlos gone was arrest. Sted in Japan for alleged financial misdeeds and things have just been unraveling now both fiancee's and Reynaud are eyeing their options when it comes to who though partner with as they prepare for big changes in the industry. Many major, automakers have already been partnering up over the last couple of years. There are two reasons first after years of record growth. The auto industry is starting to slow down and that decline is expected to continue. Meaning fewer car sales less revenue at the same time, automakers need to be making big investments in the future things like electric vehicles and self driving cars, and it's a tough one, because you're investing in something that isn't profitable today isn't going to be full tomorrow, but might be profitable might be essential in ten years time. Mark Wakefield is an automotive consultant at Alex, partner's upstart companies like tesla and even ride hailing services like Uber and lift. They're bringing new competition. In response established carmakers are closing ranks towards each other to be able to share costs and to be able to invest through this like on. That's really what's driving a lot of these merger discussions in partnership discussions to Reynaud has been making electric vehicles for years, while Fiat Chrysler, has been lagging behind its decided to focus on money-making brands like Jeep, and ram, big pickups, and SUV's. Plus, it has premium brands like Maserati Reynaud is pushing smaller low cost vehicles Fiat Chrysler thrives in the Americas. Particularly in the United States. Reynaud doesn't sell cars in North America at all. But it's a major player in Europe and Russia that also like a pretty good fit. One has small cars in the other big trucks, one offers luxury vehicles. The other goes down market, but they feel have problem which is trying to Felipe Munoz is an analyst at auto researcher Jada. Dynamics. He says, neither company has a foothold in the crucial Chinese market. Then there are the practical problems of merging and not in another culture. I know the more factories that's more people to teach to work together, which Fiat Chrysler, has to do already since the merger that made it back in two thousand fourteen Blyleven cries which are Italians on American that way only but he's not an easy thing. And it would be even harder if you try to preserve the French Renos alliance with Nissan of Japan, another complication Reynaud is part owned by the French government and has strong unions. The want to preserve local jobs, Fiat Chrysler says the deal if it happens would not result in any plant closures. Camilo dominancy, NPR news.

Fiat Chrysler Maserati Reynaud Partner Renault Japan Analyst Felipe Munoz Camilo Domino DMV Camilo Dominancy Nissan NPR Toyota Volkswagen Michelle Crabs Cox Automotive
"michelle crabs" Discussed on Newsradio 950 WWJ

Newsradio 950 WWJ

02:41 min | 1 year ago

"michelle crabs" Discussed on Newsradio 950 WWJ

"And the quarter auto trader analysts Michelle crabs talked to WW auto beat reporter, Jeff Gilbert. Well, this is the moment we've been waiting for we end -ticipant, it'd that we'd start seeing sales dip some and it looks like we're about right? We had been expecting in March sales would be down seven percent for the industry still a very healthy sixteen point eight million seasonally adjusted rate, but I'm down from from the peak, and again, we've been expecting this for a while. This actually is coming a little later than a lot of people expected. That's absolutely, correct. We had anticipated some of this last year, but then we got tax reform and in the first quarter of last year. There was a pretty much euphoria about how much tax reform would help. Well, it didn't help some people. And we're we're seeing. Some of that here in a we have been expecting this. We're seeing you know, there's been some volatility in the stock market and consumer confidence we've got a lot of uncertainty around trade policies and interest rate. So this is exactly what we expected from here. It's important to watch how the car companies respond will they you know, just just let the let the market settle in. Or will they boasted a bit with incentives and it varies by manufacturer. If you look at Honda, they had a better month than we end -ticipant, it'd and they don't do much in the way of incentives, and by the way, their car sales were up if you look at the at Chrysler, they had a lot of incentives out there, the ram outsold the Chevrolet Silverado. But there they had some very heavy incentive. So I think it's going to vary by manufacturer. The important thing to note is pick up and SUV sales of the market. They're still hanging in there. Yes. I mean trucks, and what utility vehicles are still the bulk of the market. We anticipate that will continue to be the case a lot of new sport utility vehicles coming that will wanna grab some sales and share. So we anticipate that will still be a vibrant part of the market, but a much more competitive as the pike shrinks of it. That's auto trader analysts Michelle crabs talking with our Jeff Gilbert. There's a recall this warning affecting at a limited amount of six ounce cans of hunts tomato paste, no salt added conagra brands issued the recall getting calls from customers about the possible presence of mold conagra says some cans may have been damaged after the canning process, and that could have created the potential for mold to form inside. Got all the details at W W J, NewsRadio dot com..

Michelle crabs Jeff Gilbert WW auto reporter Chevrolet Silverado Honda Chrysler ram seven percent six ounce
"michelle crabs" Discussed on Newsradio 950 WWJ

Newsradio 950 WWJ

02:21 min | 1 year ago

"michelle crabs" Discussed on Newsradio 950 WWJ

"Traders Michelle crabs so Michelle what your take back in June when FCA laid out its five year plan it did. So and said we can do this plan on our own, but they made quite clear that they were interested in possible partnerships, especially in high tech areas, how good a fit would PSA be. If something were to happen. It could be very complimentary. Peugeot is way ahead on hybrids and electrification that Fiat Chrysler has not been so much at the same time. Fiat Chrysler has that treasure Jeep brand that everybody wants a piece of and so that would be attractive and PSA has been looking to come back into the US. And so it hasn't been real clear about how it will do that. But this there may be some possibilities there. Just because Chrysler is looking for deals with other carmakers doesn't mean they necessarily or go to have a merger. No. And in fact, what we are seeing right now are a lot of interesting. Connections. We've got GM with Honda. We've got Ford with VW. We're in this era where the market softening a bit globally, especially in China. And also at the same time automakers are having to invest a lot of money into electric vacation autonomous vehicles. And so I think a lot of companies are looking to share those costs not only are they investing in that. But at the same time they've got to keep their product line of fresh. Well, yes, all automakers have to maintain focus on today's business because that's what's generating the profits and revenues that will fuel the future and at the same time travel this road into the future. We don't know when that will arrive or when the prophets will arrive of that. But they have to keep working on this possible. The very different future ahead of us. VR Chrysler continues to say they're open to partnerships. But prepared to move ahead on their own Jeff, Gilbert w. Jay, go nine fifty. Well, there's a new effort that's underway to help Detroiters. Get a jump start into the skilled jobs market relocated. Nonprofits have been awarded more than half a million dollars to provide services that will help job seekers increase their income improved their credit and raise their standards of living the grass will go to focus hope operation able and SEO metro Detroit as they look.

Fiat Chrysler Michelle crabs Detroiters Chrysler FCA Peugeot US VW GM Honda Jay Jeep China Jeff million dollars five year
"michelle crabs" Discussed on Newsradio 950 WWJ

Newsradio 950 WWJ

01:30 min | 1 year ago

"michelle crabs" Discussed on Newsradio 950 WWJ

"Telling you about it's those big vibrations in canton, NewsRadio nine fifties. John Hewitt's looking into. If those reports are continuing canton, police say the epicenter of the reported humming or rumbling as people describe it has been in the area of Palmer and lots roads near I seventy five and Michigan avenue in the south west area of the township. That's where moose our lives. And although she herself is not felt anything out of the ordinary. Her neighbor to homes down has and shot video of it. I do know that very weird. You believe your friends, your neighbors, of course. Yeah. I mean, they they showed us a proof. So doubt them at all. But I mean, they wouldn't be making up something so strange. So yeah. At least one canton police officer has also been witness in another home from what I'm told sixteen incidents in all reported police here have even reach out to local universities for their take on the matter is they continue to try and solve this mystery in canton. John Hewitt, w w j NewsRadio. Nine fifty on. The auto beats is Chrysler back in the market for a partner. Francis. PSA owner of Peugeot situation, an OPEL is reportedly interested in tying up with VR Chrysler, Fiat, Chrysler, reportedly said, no, but auto traders, Michelle crab, says there is some logic to this show is way ahead on electrification that Fiat Chrysler has not been so much at the same time Chrysler has that treasured Jeep brand Fiat Chrysler isn't commenting, but reports out of Europe say chairman, John Elkin is actively looking for deals Jeff Gilbert, WW.

Chrysler canton Fiat Chrysler John Hewitt Fiat John Elkin Michelle crab Francis Palmer Jeff Gilbert OPEL Europe Michigan officer partner Peugeot chairman Jeep
Waymo says it will build self-driving cars in Michigan

24 Hour News

00:28 sec | 1 year ago

Waymo says it will build self-driving cars in Michigan

"Nine fifty a big investment in self driving cars coming to southeast Michigan. In the story from www auto beat reporter, Jeff Gilbert, Google, self driving car arm Waymo will open a facility in southeast Michigan to equip vehicles from other car makers with their self driving car technology. That'll mean a hundred new jobs at I four hundred long-term auto trader analysts Michelle crabs says this is the place to find that talent we have a huge talent pool. This

Michigan Michelle Crabs Jeff Gilbert Reporter Google
"michelle crabs" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:45 min | 1 year ago

"michelle crabs" Discussed on Marketplace Morning Report with David Brancaccio

"With today's strong jobs report in Washington. I'm Kimberly Adams in for David Brancaccio. The department of labor says US businesses added three hundred and twelve thousand jobs to their payrolls in December the unemployment rate also went up it's now at three point nine percent. That's partly because the labor force participation rate went up as well. With more people returning to the job market for some reaction to the latest numbers. I'm joined by Christopher Lowe, he's chief economist at FT and financial in New York. Good morning morning Kimberly with such a strong report. Now, everybody's wondering about the fed Jay Powell, the fed chairman blew it the last time, he communicated, and he has a chance to redeem himself, the smarting, hopefully, he will I you know, I think what the markets are looking for is some acknowledgement of the weakness in the global economy that the market has been reacting. To the slowdown that extends even into the United States. And the possibility that the fed perhaps is pushing things just a little too hard. But we have wages looking up. This blockbuster jobs report. What slowdown I've, well, certainly not all the data point to slow down. But GDP growth is slowing. It was four percent in the second quarter. It's still a growing economy, and it's one that's capable of creating employment and and wage growth, but it's not necessarily an economy that's bubbling over and I think from an interest rate perspective, that's really the key. Christopher Lowe is chief economist at F T N financial in New York. Thank you. Thank you, Kimberly despite rising interest rates and a rocky stock market consumers are still feeling good enough about the economy to keep buying cars and trucks auto sales in twenty eighteen were up about. Three tenths of a percent compared to the year before a slight increase. But better than analysts expected automakers reported on Thursday, they sold more than seventeen million new cars and light trucks last year. This was the fourth straight year car sales have been above seventeen million. Marketplace's Marielle Zegarra has been following this and Marielle what's driving car sales higher. I mean, look unemployment is low and consumer confidence is high. So people have money to spend and this past year, the new tax law gave people and companies companies, especially even more extra cash. So that could be part of it the tax also specifically gives businesses a tax break if the buy new trucks and SUV's so that may have compelled business owners who are on the fence to go for it starting last year. And when you look at the data this jump in sales was really driven by companies. So do we expect to see these numbers continue this year? Probably not. Michelle crabs is an executive analyst at auto trader, she says they're expecting auto sales to drop below seventeen million this year. We are an -ticipant twenty nineteen see lower vehicle sales as we'll twenty twenty. We think some of the has to do with the fact that there were some one wonders I call them that drove sales higher than expected in two thousand eighteen in those walnut exists. One hit wonders lay that initial boost from the new tax law and also keep in mind, it's going to get more expensive to borrow money to buy a car because the fed has been hiking interest rates and not means eventually interest rates throughout the economy, including on Car Loans are going to go up to Marielle. Thanks..

fed Kimberly Adams Christopher Lowe United States New York Jay Powell department of labor David Brancaccio Washington Marielle Zegarra Michelle crabs Marielle chairman executive
"michelle crabs" Discussed on WJR 760

WJR 760

02:32 min | 1 year ago

"michelle crabs" Discussed on WJR 760

"Climbing. Your honor? Matthew was trapped in a bedroom. Other family members did get out. Well, the controversial oil pipeline line five be replaced by a tunnel. Pipeline company. Enbridge has agreed to pay for a four mile long tunnel. Under the straits of mackinac take the place of line five negotiations will start between and bridge in the Snyder administration aiming for completion by the end of the year Enbridge line five includes two pipes at the bottom of the straits that carry oil and natural gas used to make propane it crosses large areas of northern Michigan. But it's the line. That's under the straits between the lakes, Michigan and Huron, which is caused protests and fears of a future break. The lines have been in place for decades without a leak environmental groups and other opponents insists that line five be closed. Dick, Hafner WJR news. I Detroit woman charged with bribing a Detroit city official with money and other valuables. But who is the city official Fifty-three-year-old Alisa rubs is named in a federal court criminal information, which indicates a. Guilty. Plea is expected the city officials who received the prize not identified in the criminal information filed against grabs. Instead, the court documents referred to only as city official acts a federal grand jury has been investigating Detroit city councilman Gabe Leland, Leland does not named in that latest court filing. She 'em Honda are cruising toward autonomous vehicles. Together. The two companies joining forces to be the first to put out self driving cars on the road Honda's putting up nearly three billion dollars to buy a stake in the GM unit called crews. They are developing Thomas vehicles GM says it's aiming at putting a new vehicle under the cruise line on the road. Maybe next year analysts Michelle crabs that auto trader says, this may not be the only new wrinkle EM's been going it alone with cruise automation, although they just got big investment from a company called SoftBank invested in future. Technologies and Honda has a lot of expertise. The other thing is GM and Honda have. Worked together before they're already working on fuel cells. So I'm suspicious of maybe that autonomous vehicle that they build might not be a fuel cell and WJR news time two oh four. We'll update traffic and weather next. Nothing hurts my mom that she showed anyway..

Honda official GM Detroit Michigan Enbridge Alisa Gabe Leland Hafner WJR Matthew Huron Michelle crabs Snyder SoftBank Dick three billion dollars Fifty-three-year two pipes
"michelle crabs" Discussed on Newsradio 950 WWJ

Newsradio 950 WWJ

01:30 min | 2 years ago

"michelle crabs" Discussed on Newsradio 950 WWJ

"And local with more Sandra that's writing how the press conference here at the Rosa Parks transit. Center in downtown Detroit. Just wrapping. Up here and, what's, the mayor. Is saying supreme. Court ruled in. The seventies because Michigan's no fault Makes it mandatory, everyone have insurance the state Muslim ensure coverage is fair and equitable, obviously it isn't because Michigan's insurance rates are more than double the average premiums in the neighboring states of Ohio Illinois Indiana he says it's just discriminate discriminating I should say, against low income residents live. What works he says. He's confident he has a solid case file the US district court in Detroit reporting mine W. w video if they meantime, drivers say they're more willing than ever to. Get into vehicle sharing with certain limits w w j auto beat reporter Jeff Gilbert tells us about the results of a new study people aren't abandoning the idea of personal vehicle ownership, says Cox automotive analyst Michelle crabs but they are all in on, ride hailing services like Uber and lift and. Starting to embrace. Short term rental services like GM's maven and that. Could, chip away at car ownership maybe people will give up their second car or they'll use a ride hailing, is, an. Alternative more, than they are. Now. At of household start relying on just one vehicle crib. Says it's, more unlikely that one vehicle will be larger or more upscale Jeff Gilbert w w j News.

Detroit Jeff Gilbert Michigan US district court Rosa Parks Sandra Michelle crabs Cox GM reporter analyst Ohio Illinois Indiana
Elon Musk proposes taking Tesla private

Dave Ramsey

01:03 min | 2 years ago

Elon Musk proposes taking Tesla private

"Elon Musk saw his net worth jump by an estimated eight hundred fifty million dollars yesterday This after he proposed the. Possibility of taking his electric car company private and a price of four hundred, twenty, dollars per. Share WW Jay's Jeff Gilbert analysts. Say could cost fifty billion dollars to take tesla. Private auto traders Michelle crabs says tesla and CEO Elon Musk have been. Feeling a lot. Of heat he's taking some criticism of late and he hasn't been used to that it's been right you know until recently pretty much rave reviews whilst says a private, tesla, would, not be subject to. The wild swings, of Wall, Street and could operate free from. Distraction Jeff. Gilbert four CBS news Detroit she world. Partial been Seaney seeing declining attendances that. Blackfish documentary 2013 Tuesday the company announced another. Round of layoffs one, hundred twenty-five positions to. Be eliminated it dropped three hundred fifty people last fall Jim Chenevey CBS news Finding great candidates to. Hire can be like well trying to find a, needle, in a. Haystack but not with ZipRecruiter the..

Elon Musk Tesla Jeff Gilbert Ww Jay CBS Jim Chenevey Michelle Crabs Detroit Eight Hundred Fifty Million Do Fifty Billion Dollars
Fast-Moving Holy Fire Burns Thousands of Acres near Los Angeles

Dave Ramsey

03:26 min | 2 years ago

Fast-Moving Holy Fire Burns Thousands of Acres near Los Angeles

"Health officials in Dallas county are reporting their first. Desk from West Nile virus this year The polls are closing in special congressional election in. Ohio and rugged terrain is slowing down the effort to fight a massive wildfire in California I'm Steven Pickering with your news. All day It's eight o'clock CBS news on the hour sponsored by theraworx relief and Wendy Gillette seventeen major wildfires are burning. In California tonight one of them is south of Los Angeles CBS news correspondent John Blackstone reports for. A second day the so called holy fire erupted, in southern California sending plumes of smoke thousands of feet, into the air posing a threat to nearby communities. Down below time lapse video shows the wildfire mushrooming in the. Cleveland national forest Orange County residents say they had a little time to escape. In their cars when the flames ignited on, Monday farther north the mendicino complex fire is the largest ever. In the state the weather is, fueling the, fire Cal, fires Heidi Morris today's because of his, ability from smoke and it's still. Hot and dry and the. Humidity is low there could be a major upset in Ohio, tonight, right now democrat Danny O'Connor has a, lead, over Republican, Troy balder Sohn and especially US House election returns are still coming in CBS's. Eto key is at O'Connor's campaign headquarters Republicans happy to vote. For ROY bothersome because he's standing with President Trump and a lot of Democrats. Hoping that a democrat would be part of, a check on the president in the new year if Democrats. Are able to take control of, congress but, you also, hear conversation here about the GOP tax, reform plan democratic hopes that the. Affordable Care Act social security. Medicare can be protected there are also primaries in four other, states, President Trump says he plans to tackle, the issue of, rising drug prices Something The president was speaking to business leaders in New Jersey where he spending a working vacation Tesla's, CEO Elon Musk. Tweeted he's considering taking the company private WW, Jay's Jeff Gilbert has more no final decisions been, made but Tesla's. CEO Elon Musk, says taking the company private would allow it to operate free from. Distraction auto trader. Analysts Michelle crab says there's been a lot of. That the company's been under tremendous scrutiny lately in terms of its financial, performance picking, tesla private would cost fifty billion making it the largest transaction of its type, ever, Jeff, Gilbert four CBS news, Detroit a Pennsylvania police officer is charged with voluntary manslaughter for shooting and killing forty four year. Old Joseph Santos in, Allentown Santos was unarmed when he was seen hanging and jumping on moving, cars Lehigh, county DA Jim. Martin in this, case there is no evidence that Mr Santos was armed with Any weapon, and no evidence. That he had, committed or attempted a forcible felony this is CBS news To experience. Relief from foot and, leg cramps use theraworx relief get theraworx relief today in the pain relief file at your local pharmacy ask your. Pharmacist for theraworx relief Ninety seven degrees.

CBS Ceo Elon Musk President Trump Joseph Santos California Tesla Ohio Danny O'connor Dallas County West Nile Jeff Gilbert Mendicino United States Steven Pickering Orange County Cleveland Wendy Gillette Heidi Morris
"michelle crabs" Discussed on Newsradio 950 WWJ

Newsradio 950 WWJ

01:35 min | 2 years ago

"michelle crabs" Discussed on Newsradio 950 WWJ

"Gains according to the current population, survey black, women are. Paid just sixty three cents for every dollar, not Hispanic white men African American women on average are paid thirty eight percent. Less than white men and twenty one percent less than white women the Economic Policy. Institute says, the pay disparities remained consistent across different levels of education that's huge especially since eighty percent of black mothers are the primary breadwinners in their families yet a survey by the national urban league and others finds that nearly seventy. Percent of non-blacks believe racism and sexism are uncommon in. The workplace the national urban league copes awareness will lead to action Alison keys CBS Tesla CEO Elon Musk says he thinks taking his company profit would be the best, path forward here's ought to be reported Jeff Gilbert hours after, his tweet, set Wall. Street into a tizzy old employees no final, decision has been made but he said taking tesla private would create an outcome. Where tesla could operate free from distraction auto trader analysts Michelle crabs says there is. Been a, lot of distraction the company's been under tremendous scrutiny lately in terms of its financial performance everybody looks at how much cash did they bleed that quarter taking tesla private would cost fifty billion dollars making it the largest transaction. Of its type ever Jeff Gilbert w w j NewsRadio. Nine v day News.

tesla Jeff Gilbert national urban league Elon Musk Economic Policy Michelle crabs CEO Alison CBS fifty billion dollars thirty eight percent twenty one percent eighty percent
"michelle crabs" Discussed on KQED Radio

KQED Radio

02:48 min | 2 years ago

"michelle crabs" Discussed on KQED Radio

"Thousand four and CEO of Chrysler in, two thousand, nine when that company emerged from bankruptcy Michelle crabs is an analyst with auto trader she says Mark Yanni was a. Hard driving leader with a nearly obsessive focus on making the merger a success without Marchiani NPS taking over Chrysler Chrysler probably. Would not exist today the board appointed former Jeep division. Head Mike Manley CEO with immediate effect for NPR, news I'm, Tracey Samuelson crews battling the Ferguson fire Near Yosemite national park for more than a week now have a new problem Bob. Moffitt of capital public radio. Reports the blaze has jumped. The fire, line to north. Of the Mercedes river the new wing of the fire. North of the rivers. Burning out. Of control incident command now has to decide how to. Move equipment from south of the river to the. North and how much. Equipment to move there's some good news to report. For several days bulldozer operators, north of the fire in. The Stanislas national forest who've been creating fire lines they're turning over wide pass of dirt to create firebreaks connect to the. Old burn scar from the rim fire which burned four hundred square miles in two thousand thirteen those lines and the Bronx car could, help contain the Ferguson fire later helicopter pilots. You're doing, what they can from the air but visibility has still prevented the big air tankers from, dropping fire retardant more than twenty eight hundred, people are working this fire for. NPR news I'm Bob Moffitt in Sacramento, this is NPR and from k. q. e. d.. News I'm Racquel Maria Dylan good afternoon PGN Is being blamed for one of the region's worst. Refinery accidents in years a report, from the California Public, utilities commission or CPU c. says the utility is at fault for causing a major outage at Valero refinery in Benicia last may the power failure lasted for. Eighteen minutes and triggered a major release of sulfur dioxide which, prompted emergency shelter in place orders cake Ted Goldberg was the first to obtain. The CPU see report he says it found that and he did a poor job of maintaining a key piece of equipment at the substation that feeds electricity to the. Refinery that key piece of equipment was a transformer the night before. The outage PG knee crews notice that the transformer had failed, yet the next morning they still went through with some maintenance work where they powered down. One of the lines that. Went into the refinery they. Didn't realize, that the transformer. Being down with somehow activate a safety feature that would. Then shut down power. To the. Entire Refinery. The report said that the utility didn't follow regulate regulators guidelines and that violated state law the CPU see hasn't yet taken action against PG any the. City of Benicia sued the utility but the Kate case hasn't gone to trial PG he..

Bob Moffitt NPR Chrysler Mercedes river Ted Goldberg CEO Benicia PG Tracey Samuelson Mike Manley Michelle crabs Mark Yanni Racquel Maria Dylan analyst Sacramento California Public Valero Kate
Auto-industry reports positive numbers despite trade uncertainty

24 Hour News

02:26 min | 2 years ago

Auto-industry reports positive numbers despite trade uncertainty

"A strong june performance helps the auto industry close the books on a better than expected firsthalf i'm reporter jeff gilbert the june sales report closing the books on a first half that was better than expected for carmakers analysts thought we would see another slight slowdown but what we actually saw in the first half was a slight gain really solid for the first half or four if we start taking a look at really are winning of the places where we're really waiting trucks and suv's that's ford analyst eric merckel new big utilities the navigator an expedition so games particularly at the retail level the f one fifty meanwhile is on pace for a record year auto trader analysts michelle crabs says if it has four wheel drive it's moving off the lot satiric yearly for pickup trucks are ford sold almost eighty thousand f one fifty s in june general motors is doing quarterly sales now they're truck sales were up eighteen percent now looking at specifics ford sales were up one percent in june over june of last year fiat chrysler sales up eight percent it was a great month for jeep and ram now it's a very different story when you talk about passenger cars oh the car aside is stunning and it's in its decline it they are falling faster than we anticipated now gm is reporting it sales quarterly they were up five percent of the second quarter with big sales of utilities and particularly pickups as gm prepares to launch new versions of it's silverado and sierra gm's jim cain says they remain committed a cars particularly for entry level buyers and fleet when we talk to these big companies that by thousands of equals for fleets they're kind of upset at the manufacturers who are exiting the car business now the concern is what's going to happen in the second half as interest rates start to rise but so far edmunds dot com analyst jeremy asa vado hasn't seen those rising interest rates impact sale we still haven't seen it deter shoppers and we still think he may be pulling ahead some shoppers who were pulling ahead their sales to lock in those favorable rates now are comparatively favorable rates now still analysts remain concerned that sales may have peaked in the second half will be impacted by higher interest rates trade issues at a glut of less expensive.

Jeff Gilbert Ford General Motors Jeep GM Jim Cain Vado Reporter Analyst Eric Merckel Michelle Crabs Fiat Chrysler Jeremy Asa Eighteen Percent Eight Percent Five Percent One Percent
"michelle crabs" Discussed on NewsRadio 1020 KDKA

NewsRadio 1020 KDKA

02:04 min | 2 years ago

"michelle crabs" Discussed on NewsRadio 1020 KDKA

"New trend more weddings sporting event even gender reveal parties involved with fireworks these days peter king cbs news anything in pittsburgh false fireworks we just love them around here well here is something that is not good news news about all this heat on the back end of all the wet weather as a result it looks like this could be a record year for mosquitoes here cbs is sabrina cuba we have more to worry about when it comes to mosquitoes this year the cdc's roxanne conley says they carry a number of viruses some of them dangerous i think we're probably seeing more that are coming into the us that we haven't seen in previous years mainly because of the way people move around and and and and travel she says currently the main concern is west nile to have already been cases reported in california and north dakota she says try to avoid mosquito bites altogether and when you're outside make sure you wear epa registered insect repellent sabrina cupet for cbs news atlanta energy by a car in the month of june well you had a lot of company apparently here's jeff gilbert the first half ended was strong pickup and utilities sales pushing most brands above last year's levels it was a different story for passenger cars says auto trader analyst michelle crabs the car side is stunning in its in its decline it they are falling faster than we anticipated fiat chrysler sales were up eight percent over june of last year ford up one percent jeff gilbert four cbs news detroit yeah the next time you're in a parking lot should drive down the row just take a look at the vehicles that are parked there and count how many of them are suv's this pretty amazing eight twenty five now we call them suv's they're really dad's station wagon just in a new form traffic and weather on the fives powered by bowser nissan route fifty one south on top of the hill greg makati watches all those suv's out on the roads this morning that's right suv station wagons tracks you name it home station wagons.

michelle crabs greg makati detroit chrysler analyst epa cbs pittsburgh peter king sabrina cuba jeff gilbert sabrina cupet north dakota california west nile roxanne conley cdc eight percent one percent
"michelle crabs" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:43 min | 2 years ago

"michelle crabs" Discussed on WBZ NewsRadio 1030

"The teenager calling themselves laura's angel army they wanna bring awareness to the rare neurological disorder called red syndrome they claim there one time students life they say the girl loved to go on day long hikes jim chrysalis cbs news wbz news time twelve fifty one so what's in a name jeff gilbert says that's an important question as general motors brings back the chevy blazer we've seen a lot of classic names come back the challenger in charger or hits the taurus and dark weren't and people are excited by the return of the ford bronco auto trader analyst michelle crabs says a classic name can vehicle get off to a good start laser bronco were strong names so why not bring them back the new blazer will be built in mexico leading political and tariff issues but krebs says most buyers don't pay attention to where vehicle is built jeff gilbert four cbs news detroit wbz news time twelve fifty two we have overcast skies right down with is seventy four degrees in boston it's going to be pretty much the story for the balance of the afternoon with the boss ability of showers and thunderstorms around right into the evening but things will get better if we can wait till tuesday when things get pretty sunny and generally nice we'll have details in the accuweather forecast coming up next voting polish degration over euro hollering clan family separation trump signed an executive order to end we don't like to see family separately ongoing debated need executive orders simply pick up the phone call jeff sessions and say stop the policy the lingering controversy finally secure our border the news watch never stops wbz.

laura neurological disorder jeff gilbert general motors blazer ford bronco krebs boston trump executive analyst michelle crabs mexico detroit accuweather seventy four degrees
Chevrolet Blazer rebooted as crossover SUV

24 Hour News

01:02 min | 2 years ago

Chevrolet Blazer rebooted as crossover SUV

"General motors is reprising some familiar old names what that will mean for sales is a new question wwe jabe reporter jeff gilbert we've seen a lot of classic names come back that challenger and charger or hits the torres and dark weren't and people are excited by the return of the ford bronco auto trader analysts michelle crabs says a classic name can help a vehicle get off to a good start laser and bronco were strong names so why not bring them back the new blazer will be built in mexico leading to political and tariffs issue but krebs says most buyers don't pay attention to where a vehicle is built jeff gilbert four cbs news detroit more than four dozen people have been hospitalized with injuries suffered when an explosion leveled an apartment building verb atoll germany last touched off fires in several parts of the building twenty one people were slightly injured there's no indication from investigators what caused the explosion gary nunn cbs news here's.

General Motors Jeff Gilbert Torres Ford Bronco Krebs Gary Nunn Reporter Michelle Crabs Mexico Detroit Germany
Chevy Blazer returns -- and it'll be made in Mexico

24 Hour News

01:38 min | 2 years ago

Chevy Blazer returns -- and it'll be made in Mexico

"The reborn chevy blazer and mexico is drawing criticism did the company really have a choice here's reporter jeff gilbert yes we're in the middle of a debate over nafta and tariffs but crossovers are hot now an auto trader analysts michelle crabs says the blazer could be an important vehicle for chevy they cannot wait to bring new product or freshen old products going forward and while the uaw complaints at gm should put the blazer in an underutilized plant here crab says these are car plants and the planet mexico's already building suv's long process of developing tooling and installing it and it's a very expensive venture the new blazer is expected to be on the market early next year jeff gilbert ww j newsradio nine fifty ahead of his trial a former michigan state police trooper was back in court today on murder charges city beat reporter ticket thomas but the story it was a brief court appearance for x state trooper remark best ner his attorney richard conver tino what we saw in germany to to receive and review additional discovering the case and this is information from the prosecutor's office yes they have additional information that we're getting actually just today later today that's nurse charged with second degree murder in the death of fifteen year old damon grimes who crashed his atv after being hit with a taser the new final conference date set for august twenty fourth in the trial due to begin october twenty second vicki thomas w w j newsradio nine fifty donors voters signed.

Reporter Germany Richard Conver Attorney Murder Michigan Jeff Gilbert Ww UAW Michelle Crabs Jeff Gilbert Damon Grimes Second Degree Murder Prosecutor Thomas Mexico GM Chevy Twenty Second Fifteen Year
"michelle crabs" Discussed on KQED Radio

KQED Radio

02:15 min | 2 years ago

"michelle crabs" Discussed on KQED Radio

"Bad quality tape there but that's what he said here's another one minus the actual question which as it happens was about the car musk has staked basically the entire company on the tesla model three this questions are so dry they're telling me questions are so dry they're killing me he said the funny thing is tesla's earnings were better than analysts expected the challenge for the company now though is to make the turn from those pricey models s and x to the mass market three and as marketplace's aaron schrank reports a whole lot of things need to go right for them musk says tasks that will be a year later on his promise to deliver five thousand model threes per week and the company posted a record loss last quarter burning through nearly a billion in cash the spending and delays are troubling to some investors but auto pacific analyst ad kim says i'm actually in some ways kind of surprised that there is far along yard going from being a niche automaker and scaling all the way to model three levels which is a much more mainstream high volume car would be a challenge for anybody so right now tesla has more than four hundred and fifty thousand customers still waiting for their model threes it's paying forty thousand employees and building a huge battery factory gartner analyst mike ramsey says wall street has as serious questions about tesla's cash flow just the sheer size of their capital investments make it more dangerous for them to have these big production slows down even though they have clear demand for the product musk has acknowledged tesla's highly automated factories are partly to blame for delays betrayed automakers learned a long time ago that not every job is cut out for automation that you need a human auto trader analyst michelle crabs says tesla has more learned from the auto industry it's disrupting but when we read the history books we will look back on elon musk and tesla as turning the tide in terms of more electric vehicles gardeners mike ramsey says the company's ambitions are so far keeping it afloat if this is just a normal company they'd be out of business already but they're not an company for mosk normal was never the goal i'm aaron schrank for marketplace if you happen to have checked on the markets at say new nation not since i'm pleased to be able to tell you it is not as bad as it was we'll have the.

tesla aaron schrank kim mike ramsey michelle crabs elon musk mosk analyst gartner
"michelle crabs" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:04 min | 2 years ago

"michelle crabs" Discussed on WNYC 93.9 FM

"Beck next born bonehead questions are not cool next next next bonehead questions are not cool next bad quality tape there but that's what he said here's another one minus the actual question which as it happens was about the car musk has staked basically the entire company on the tesla model three this questions are so dry they're killing me questions are so dry they're killing me he said the funny thing is tesla's earnings were better than analysts expected the challenge for the company now though is to make the turn from those pricey models s and x to the mass market three and as marketplace's aaron schrank reports a whole lot of things need to go right for them musk says task will be a year late on its promise to deliver five thousand model threes per week and the company posted a record loss last quarter burning through nearly a billion in cash the spending and delays are troubling to some investors but auto pacific analyst at kim says i'm actually in some ways kind of surprised that there are as far along as they are going from being a niche automaker and scaling all the way to model three levels which is a much more mainstream high volume car would be a challenge for anybody so right now tesla has more than four hundred and fifty thousand customers still waiting for their model threes it's paying forty thousand employees and building a huge battery factory gartner analyst mike ramsey says wall street has serious questions about tesla's cash flow just the sheer size of their capital investments make it more dangerous for them to have these big production slows down even though they have clear demand for the product musk has acknowledged tesla's highly automated factories are partly to blame for delays detroit automakers learned a long time ago that not every job is cut out for automation that you need a human auto trader analyst michelle crabs says tesla has more learn from the auto industry it's disrupting but when we read the history books we will look back on elon musk and tesla as turning the tide in terms of more electric.

tesla aaron schrank analyst kim mike ramsey michelle crabs elon musk Beck gartner detroit
"michelle crabs" Discussed on KCRW

KCRW

02:23 min | 2 years ago

"michelle crabs" Discussed on KCRW

"Beck warning bonehead questions are not cool next next next bonehead questions are not cool next bad quality tape there but that's what he said here's another one minus the actual question which as it happens was about the car must has staked basically the entire company on the tesla model three questions are so dry killing me questions are so dry they're killing me the funny thing is the tesla's earnings were better than analysts expected but the company also posted a record loss blue burning through nearly a billion dollars in three months the challenge now for that company is to make the turn from its pricing models s and x to the mass market and cheaper three and as marketplace's aaron schrank reports a whole lot of things need to go right for them musk says task will be a year later on its promise to deliver five thousand model threes per week and the company posted a record loss last quarter burning through nearly a billion in cash spending and delays are troubling to some investors but auto pacific analyst ad kim says i'm actually in some ways kind of surprised that there are as far along as they are going from being a niche automaker and scaling all the way up to model three levels which is a much more mainstream high volume car would be a challenge for anybody so right now tesla has more than four hundred and fifty thousand customers still waiting for their model threes it's paying forty thousand employees louise and building a huge battery factory gartner analyst mike ramsey says wall street has serious questions about tesla's cashflow size of their capital investments and make it more dangerous for them to have these big production slows down even though they have clear demand for the product musk has acknowledged tesla's highly automated factories are partly to blame for delays detroit automakers learned a long time ago that not every job is cut out for automation that you need a human auto trader analyst michelle crabs says tesla has more to learn from the auto industry it's disrupting but when we read the history books we will look back on elon musk and tesla as turning the tide in terms of more electric vehicles gardeners mike ramsey says the company's ambitions are so far keeping it afloat if this was just a normal company they'd be out of business already but they're not an animal company for moscow normal was never the.

tesla aaron schrank kim mike ramsey michelle crabs elon musk Beck analyst gartner detroit moscow billion dollars three months
"michelle crabs" Discussed on Marketplace All-in-One

Marketplace All-in-One

02:23 min | 2 years ago

"michelle crabs" Discussed on Marketplace All-in-One

"Refinement orrin bonehead questions are not cool next next next bonehead questions are not cool next bed quality tape there but that's what he said here's another one minus the actual question which as it happens was about the car musk has staked basically the entire company on the tesla model three questions are so dry killing me questions are so dry they're killing me he said the funny thing is tesla's earnings were better than analysts expected the challenge for the company now though is to make the turn from those pricey models s and x to the mass market three and as marketplace's aaron schrank reports a whole lot of things need to go right for them musk says tesla will be a year late on its promise to deliver five thousand model threes per week and the company posted a record loss last quarter burning through nearly a billion in cash the spending and delays are troubling to some investors but auto pacific analyst ad kim says i'm actually in some ways kind of surprised that far along are going from being a niche automaker and scaling all the way to model three levels which is a much more mainstream high volume car would be a challenge for anybody so right now tesla has more than four hundred and fifty thousand customers still waiting for their model threes it's paying forty thousand employees and building a huge battery factory gartner analyst mike ramsey says wall street has serious questions about tesla's cash flow just the sheer size of their capital investments and make it more dangerous for them to have these big production slows down e even though they have clear demand for the product musk has acknowledged tesla's highly automated factories are partly to blame for delays detroit automakers learned a long time ago that not every job is cut out for automation that you need a human auto trader analyst michelle crabs says tesla has more learned from the auto industry it's disrupting but the history books we will look back on elon musk and tesla as turning the tide in terms of more electric vehicles gardeners mike ramsey says the company's ambitions are so far keeping it afloat hessel if this was just a normal company they'd be out of business but they're not an company for musk normal was never the goal i'm aaron schrank for marketplace if you happen to have checked on the markets at say new nation not since i.

tesla aaron schrank kim mike ramsey michelle crabs elon musk orrin analyst gartner detroit
"michelle crabs" Discussed on KCBS All News

KCBS All News

02:19 min | 2 years ago

"michelle crabs" Discussed on KCBS All News

"In san bruno what police say was apparently a domestic dispute at boiled over into a shooting that left three people wounded and the shooter dead a suicide cbs john blackstone with reports of an active shooter youtube employees came running out of the buildings on your sprawling tech campus with their hands in the air and on their heads this eye witness saw the scene from a nearby fast food restaurant running out and then she was shot in the leg since we didn't other people that were behind me they open the doors let her in multiple people were injured when a female shooter entered the building reportedly with targeted person in mind lease and federal agents quickly began surrounding the building the building now secure but remains a crime scene overnight president trump's frustration with immigration problems escalated tuesday announcement that he'd like to use the military to patrol the border with mexico until that wall is built marquette is a senior advisor of the center for strategic and international studies national guard because it can arrest people can patrol the border and arrest drug smugglers or illegal immigrants at does put pressure on the national guard you know they are part timers federal law prohibits the use of active duty military troops for law enforcement inside the us unless authorized by congress epa's decision to roll back obama era mileage targets for new cars in issue vis has prompted attorneys general from eleven states to defend the obama rules several now threatening legal action more from ww as jeff gilbert this decision won't stop the move to more fuelefficient vehicles has auto trader analyst michelle crabs she says that will happen no matter what the standards are here in the us makers are on a given track they know that lower emission higher fuel economy vehicles are being demanded around the globe carmakers say this is about making those vehicles affordable as well as fuelefficient jeff gilbert four cbs news detroit teacher protests gained some steam tuesday in several states where educators say they don't make enough money money this is an offshoot of last month's walkout by teachers in west virginia who ultimately won a five percent pay increase omar villafranca reports from oklahoma where teachers took their message to state lawmakers turned into lobbyists crowding the hallways in waiting in line to meet with almost every state lawmaker liz hog it and her fellow teachers from the.

west virginia omar villafranca detroit analyst obama congress president youtube liz hog oklahoma john blackstone michelle crabs jeff gilbert epa us senior advisor
"michelle crabs" Discussed on WSJ What's News

WSJ What's News

02:02 min | 3 years ago

"michelle crabs" Discussed on WSJ What's News

"In floored we have a place for you not only do we understand your aspirations we are ready for them for all the amazing things your future holds we hold the key floored the future is what's news from the wall street journal top stories and timely insights i'm charlie turner in new york tesla the maker of luxury electric vehicles posted strongerthanexpected third quarter earnings late wednesday the results come ahead of the much anticipated launch of tesla's model three sedan we'll talk with auto trader analyst michelle crabs about tesla but first some top stories what's next for stocks a surgeon apple share sent the dow industrial average past twenty two thousand for the first time wednesday the latest milestone in a stock rally that has stretched into its ninth year the dow industrials are up about twenty percent since election day with gains largely coming from highflying tech companies and big us firms that have reported strong earnings investors will react to tesla's earnings on thursday the day also brings weekly jobless claims factory orders an ism nonmanufacturing index there is a slew of earnings reports thursday including kellogg high at hotels dish network gopro kraft hindes shake shack and weightwatchers president donald trump announced a bill to cut legal immigration by half wednesday the bill would prioritize high skilled workers englishspeakers and those who are financially stable the measure backed by republican senator tom cotton of arkansas and david purdue of georgia maintains the existing number of employmentbased green cards issued each year but sharply cuts back on immigration based on family ties and it kills a lottery that gives people from represented countries a chance to immigrate here coming up auto analyst michelle crabs on tesla you're listening to what's news from the wall street journal we know you will you who became a multimillionaire at fortythree in you who was born one we know you lose asleep over how your kids will deal with inheriting fortune in you no longer getting a paycheck but not needing one either.

senator tom cotton david purdue donald trump dow apple new york analyst georgia arkansas wall street journal president dish network kellogg election day michelle crabs tesla charlie turner twenty percent
"michelle crabs" Discussed on KYW Newsradio 1060

KYW Newsradio 1060

01:35 min | 3 years ago

"michelle crabs" Discussed on KYW Newsradio 1060

"Two men at who climbed more than two hundred fifty feet at the tower the ben franklin bridge overnight one not perfidious artist they work out of town photographers here's what it is marking the bridge was shut down shortly after one a m one delaware river port authority police detective what they called a breach dr pa chief executive officer john hansen says the two were carrying kabir quipped men in backpacks not spray paint the tagar vandalized the bridge he says they scaled the central tower of the bridge and had just reached the top one police arrived as soon as they saw the police and the white house wait down where they're worse so they weren't doc they realized that the police responded and they wait added a minute he says a man from new york and another from toledo ohio were responsible for the commotion for not sure what prompted him to do it or not before he says the bridge was closed to traffic and pafco for more than ninety minutes but reopened a 255 am mark abrams kyw newsradio jailed volkswagen executive plans to plead guilty and the company's ust tcells scandal oliver schmidt whose job was to make sure vw met us moves your rules will plead guilty to conspiring do cheap those rules auto trader endless michelle crabs says this sends a powerful message should be a wakeup call to all auto execs that there's no fooling around with this kind of thing what other vw executives already pleaded guilty several others remain out of reach in europe jeff gilbert cbs news detroit trafficking oh jim baker faced families.

jeff gilbert jim baker detroit europe toledo kabir chief executive officer dr pa shut down ben franklin bridge michelle crabs vw oliver schmidt executive mark abrams ohio new york john hansen two hundred fifty feet ninety minutes