Tag: Automotive
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Opinion | Hertz, Tesla and the Perils of CEO Groupthink
[ad_1] Hertz announced to much fanfare on Oct. 25, 2021, that it planned to buy 100,000 Teslas. “Electric vehicles are now mainstream, and we’ve only just begun to see rising global demand and interest,” then-CEO Mark Fields said. The share prices of both companies popped, and Tesla’s market capitalization surged past $1 trillion, exceeding the…
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Opinion | California Kills Auto Jobs in Toledo
[ad_1] Sacramento’s crusade to banish fossil fuels isn’t merely destroying jobs in California. It’s harming workers in other states too. On Thursday Chrysler parent Stellantis warned 3,600 auto workers in the Midwest that they could lose their jobs owing to California’s electric-vehicle mandate. Stellantis said it plans to cut a shift at a Jeep plant…
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Opinion | Congress Takes on the EV Mandate
[ad_1] House Republicans have teed up a vote this week on legislation to block President Biden’s back-door electric-vehicle mandate. Democrats are spinning the legislation as an attack on public health, innovation and free markets. The debate is a preview of what we can expect in the 2024 election campaign. The Environmental Protection Agency “is not…
