Ford Ousts North American Chief, Geely Invests Big in Daimler
Marty Padgett, editorial director at Motor Authority, discusses the ousting of Ford's North American President Raj Nair following allegations of inappropriate behavior.
Padgett says this is Ford's #MeToo moment. We talk about the allegations of sexual and racial harassment at Ford plants detailed in a New York Times report a few weeks ago. Padgett expects more revelations to come out around sexual harassment in the auto industry. After speaking with his female colleagues, Padgett says they were surprised Nair's ouster didn't happen sooner.
Padgett also weighs in on Geely's purchase of a $9 billion stake in Daimler. The deal should give the Chinese holding company access to Daimler's board and electric car technology.
Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of the year.
Brad Bernstein, managing director at UBS Private Wealth Management breaks down the state of the U.S. economy and what to expect from Fed policy from the rest of the year.
SpaceX Investor Chad Anderson discusses Starship's latest test flight, what's next, and why he thinks Elon Musk's leadership sent the company in the right direction.
Dilip Rao, CEO of Sharebite, explains how his startup wants to normalize companies feeding their workers, the role of the private sector in public concerns, and more.
