Biden Calls for Unity in Meeting with Barra, Unions
President-elect says controlling virus is key to revived economy.
President-elect Joe Biden met via video on Monday with several business and labor leaders, urging their cooperation in revitalizing the U.S. economy.
Biden led a video conference with General Motors CEO Mary Barra, Microsoft CEO Satya Nadella, the presidents of the AFL-CIO and United Auto Workers unions, and other leaders.
A Plug for EVs
Barra used the occasion to tout GM’s vision of an all-electric, zero-emissions future for the auto industry. Her comments aligned with Biden’s proposal to spend $2 trillion on infrastructure and clean energy.
Biden noted that the American economy cannot fully recover until the coronavirus is controlled. He asked for the unified support of business and labor. “The unity was outstanding,” he said later about the video call. “We’re ready to come together.”
But he also rebuked President Donald Trump, who has not yet conceded his election loss, for stalling the transition process, especially regarding the pandemic. “More people may die if we don’t coordinate,” Biden declared.
Moody’s Investors Service has estimated that Biden’s array of campaign proposals would cost $7.3 trillion over 10 years and create 18.6 million jobs.
The bulk of the programs would be paid for by higher taxes on large corporations and wealthy individuals, but with several trillion dollars considered a non-funded economic stimulus.
Although the RAV4 has plenty of heritage in the small crossover segment, competition has gotten a whole lot tougher, so Toyota has made significant changes to the fourth-generation model.
When Suzuki developed the GSX1300R, it set out to build the fastest mass-production motorcycle on the market. As competitors gained ground and stringent emission regulations were set, Suzuki set out to reinvent the bike.
The future of e-mobility depends on collaboration. Automotive companies will need to build business models based on strengths and limitations to tap into the EV value chain and fully capitalize on the opportunities within the new EV ecosystem.