Senator Gary Peters (D-MI) spoke with Cheddar about sexual assault allegations against his Democratic colleague Senator Al Franken. He said he supports and investigation by the Ethics Committee into the incident.
Moments after the House Republicans passed its version of a tax reform bill, the Michigan Senator gave us his thoughts on the plan. He worries about the debt younger generations will inherit if the House or Senate versions of the bill make it to President Trump's desk.
Senator Peters also believes the autonomous vehicles will cause a technology revolution, similar to the assembly line. He is working on legislation to advance testing and development of self-driving car.
At this year's Los Angeles Auto Show, one of the first booths visitors will see when they enter belongs to Tesla, which is set up right near the entrance to the South Hall of the L.A. Convention Center. But as Cheddar took in the show during Wednesday's media preview, Tesla's presence was felt far beyond its booth.
Mashahiro Moro, president and CEO of Mazda North American Ops, spoke with Cheddar at the L.A. Auto Show about the redesigned Mazda 3 sedan, and the company's continued commitment to small, fuel-efficient passenger cars.
Derrick Hatami, the executive vice president of sales and marketing at Volkswagen, told Cheddar's Tamara Warren at the L.A. Auto Show about the retiring of the iconic VW Beetle, and the automaker's new focus on electric cars and a concept van that calls back to another VW icon -- the bus.
The future of the sedan is parked on shaky ground in the U.S.
But according to the president of the Lincoln Motor Company, the car model is still major in China. “But we’re in a little bit of different situation because in China — sedans are still 50 percent of the market.” Joy Falotico told Cheddar Wednesday morning at the Los Angeles Auto show.
Logitech may eye a Turtle Beach acquisition as it turns away from a Plantronics deal. "Logitech has a great history as far as making very smart M&A transactions," said Tom Forte, a senior research analyst at D.A. Davidson. "I do see a potential longer term for Turtle Beach to be acquired. Logitech is one potential suitor ー Microsoft's ($MSFT) another," he added.
Columbus, Ohio, may not have won the bid for Amazon's HQ2, but the city isn't ready to retire its proposal quite yet. Mayor Andrew Ginther said the city's leaders plan to use their application as a road map to transform Columbus from a Midwestern destination into a national one.
Greg Hewitt, CEO of DHL Express in the U.S., told Cheddar that Cyber Monday ー its biggest shipping day of the year in terms of "outbound" packages ー saw a 40 percent lift in packages moved year-over-year, as more overseas consumers took advantage of deals on U.S.-based websites like Amazon.
The cannabis industry's go-to packaging supplier KushCo Holdings is taking full advantage of the green rush. And when marijuana finally goes fully legal in the U.S., the company plans to re-emerge as the leader in ancillary products.
Amazon made company history and recorded its biggest shopping day yet on Cyber Monday following an already-lucrative five-day holiday weekend that totaled over 180 million in products sold.
Christine Sandler, Coinbase's head of coverage, told Cheddar's Tanaya Macheel that the crypto exchange has released an agency-only OTC desk in response to demand from large, institutional investors. Unlike other offerings, Coinbase will not act as a counterparty to trades and will instead match client orders.
