Tesla CEO Elon Musk appeared to be waving a white flag early Wednesday morning, saying he “regret(s) some” of the criticism he aimed at Pres. Donald Trump last week. But it’s not clear whether that will be enough to deescalate the sudden feud between the two former allies. Trump and allies had warned Musk he could be putting billions of dollars in federal contract for his companies – including Tesla and SpaceX – at risk. Headlight.News has more.
Hyundai CEO Jose Munoz is not concerned about the friendship between Trump and Musk and says it can benefit all automakers as analysts predict gloomy times are coming.
As the 2024 Presidential campaign moves into higher gear, the U.S. auto industry is once again at the center of the nation’s political conversation. There are numerous places where candidates Kamala Harris and Donald Trump conflict. But they suddenly seem to agree on one key issue – sort of – EVs.
The union’s militant leader, Shawn Fain, says if negotiations don’t improve, the stand up strike is going to grow. Meanwhile, former President Donald Trump says he’s coming to Detroit to meet with union members, but Fain says Trump is the problem the UAW is battling. Details at Headlight.News.