Sep 11, 2019

The cloud over Frankfurt's electric vehicle extravaganza

VW’s new ID.3 electric car at the 2019 IAA Frankfurt Auto Show on September 09, 2019 in Frankfurt, Germany. Photo: Sean Gallup/Getty Images

The long-promised electric car revolution is finally getting underway this week at the Frankfurt auto show, but a host of industry challenges — both economic and technological — "threaten to wipe out profits and shake it to the core," writes Forbes.

Why it matters: Carmakers warned that trade tensions risk dragging the global economy into a recession, according to Bloomberg, casting a pall over the event, one of the industry's most important showcases for future technologies. This is not the way you want to launch some of the most important vehicles in decades.

What they're saying: BMW's CFO warned that it would close a factory if the U.K. opts for a hard Brexit, and VW's CEO said the trade war is getting scary.

  • "We come now into a situation where this trade war is really influencing the mood of the customers, and it has the chance to really disrupt the world economy," VW’s Herbert Diess said in an interview with Bloomberg TV.

Quick take: I'm looking forward to driving all 3 of these electric cars, but I'm bummed that the cute and retro city car, Honda e, isn't headed to the U.S. market.

Go deeper: Troubles loom for the battery supply chain for electric vehicles

Go deeper

Updated 38 mins ago - Politics & Policy

Updates: George Floyd protests nationwide

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued for a seventh day across the U.S., with President Trump threatening on Monday to deploy the military if the unrest continues.

The latest: Seattle police declared a riot late Monday, tweeting: " Crowd has thrown rocks, bottles and fireworks at officers and is attempting to breach barricades one block from the East Precinct."

2 hours ago - Technology

Civil rights leaders blast Facebook after meeting with Zuckerberg

Screenshot of an image some Facebook employees used as part of their virtual walkout on Monday.

A trio of civil rights leaders issued a blistering statement Monday following a meeting with Facebook CEO Mark Zuckerberg and other top executives to discuss the social network's decision to leave up comments from President Trump they say amount to calls for violence and voter suppression.

Why it matters: While Twitter has flagged two of the president's Tweets, one for being potentially misleading about mail-in ballot procedures and another for glorifying violence, Facebook has left those and other posts up, with CEO Mark Zuckerberg saying he doesn't want to be the "arbiter of truth."

3 hours ago - Technology

Cisco, Sony postpone events amid continued protests

Screenshot: Axios (via YouTube)

Cisco said Monday night that it is postponing the online version of Cisco Live, its major customer event, amid the ongoing protests that have followed the killing of George Floyd.

Why it matters: Cisco joins Sony, Electronic Arts and Google in delaying tech events planned for this week.