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Why This Matters: When trucks go electric, Mother Earth smiles. Trucks are a key part of the auto market for which there had not been much progress on fuel efficiency and carbon emissions until now. And this deal also shows that the U.S. auto companies and investors are willing to make big bets on the marketability of this new technology. Hopefully, it’s a good bet. It’s just too bad that much of the push on green vehicles is caused by tougher tailpipe-emission standards in China and the European Union rather than here at home, but perhaps that will change soon.
As Bloomberg opinion writer Brooke Sutherland put it, “The partnership will save the company an estimated $5 billion in manufacturing and engineering expenses; basically, it no longer needs to literally reinvent the wheel. But Nikola’s brand and buzz also provide valuable credibility for GM’s electric vehicle aspirations.” And according to the experts, it is all about the packaging here. GM was already planning to develop an electric Hummer, its signature big truck. But now with a new “start up” partner they are in a strong position to give Musk’s highly-promoted Cybertruck a run for its money. And that, writes Sutherland, “really is the genius of this deal.”
In another sign of America’s aging and vulnerable infrastructure, last Thursday a crack in a bridge over the Mississippi river halted hundreds of cargo ships along the nation’s most significant route for agricultural exports, not to mention that the bridge was shut down to auto traffic causing huge backups on I-40 in Tennessee.
Why This Matters: First the Colonial pipeline and now this — our nation’s infrastructure is in need of bolstering.
by Amy Lupica, ODP Staff Writer Come on, Barbie! Let’s go…recycle? You read that right; Mattel has introduced a new program called “Mattel PlayBack,” where kids of all ages can send in their old toys to be recycled into new ones. While the pilot program will only be available in the U.S. and Canada, Mattel hopes to have programs […]
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