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For the Record ...
“WE’RE TRYING TO DIG A HOLE UNDER L.A., AND THIS IS TO CREATE THE BEGIN- NING OF WHAT WILL BE A 3D NETWORK OF TUNNELS TO ALLEVIATE CONGESTION.”
ELON MUSK: THE INVENTOR AND ENTREPRENEUR, WHO IS THE CEO AND PRODUCT ARCHITECT AT TESLA, DISCUSSED THE WORK OF HIS NEW PROJECT, THE BORING COMPANY, AT TED2017. “YOU SHOULD BE ABLE TO GET FROM WESTWOOD TO LAX IN FIVE TO SIX MINUTES,” MUSK SAYS.
“Right now, in the auto industry, we are seeing more change than we’ve seen in the last 50 years ... think about the cars you drive today, and rewind five to 10
years ago.”
Mary Barra: The CEO of General Motors is the first female head of a full-line automobile manufacturer. In a February 2017 appearance at the Economic Club of Washington, D.C., she discussed with club President David M. Rubenstein the current state of the auto industry and what industry insiders expect in the near future.
“I don’t think leadership
shows unless it is highlighted
by some kind of crisis.”
Carlos Ghosn: The automotive executive, cur- rently Chairman and CEO of Renault and Chairman of Nissan and Mitsubishi Motors, espouses a belief in two types of business cri- sis: the internal, which arises due to poor man- agement, and the external, which is caused by outside factors like floods or earthquakes.
FORD MOTOR CO. CANCELED A PLANNED US$1.6 BILLION FACTORY IN MEXICO AND INVESTED
US$700 MILLION AT A MICHIGAN
Automakers spend more than
FACTORY IN JANUARY OF 2017.
US$100 billion
globally each year on R&D, ranking the auto industry ahead of other technology-driven industries.
19% of the foreign-owned auto parts companies established in Mexico are from the U.S. In June 2017 Johnson Controls announced a US$245 million investment between 2016 and 2020 in six new battery production lines in the U.S. and Mexico.
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