The U.S. decision last week to permit Vietnam to fly its commercial aircraft directly to American airports is seen as a continuation of improving relations and follows other signs of international recognition for Hanoi.

Observers say the breakthrough shows that major countries including the United States take Vietnam ever more seriously after more than three decades of brisk economic development and foreign policy that includes balancing relations with its communist neighbor China without worrying the West.

“It’s been a slow and progressive bringing back [of] Vietnam into the international community,” said Adam McCarty, chief economist with Mekong Economics in Hanoi. “It’s been this continual process from the Vietnamese side of being caught, as they have been historically for hundreds of years, between larger powers.”

The Federal Aviation Administration’s award of a “category 1” rating for Vietnam means the country meets international safety standards. Vietnamese airlines can get permits now from the administration to open flights to the United States and carry the codes of U.S. carriers, the FAA said in a statement February 14.

US officials see change

Vietnamese officials knew the significance of the U.S. market in 2012, when they started working toward the FAA category 1 rating, Communist Party news website Nhan Dah reported Monday. They set out to solve 49 safety problems that the FAA found a year later, the website added.

The FAA inspected Vietnam’s civil aviation schemes again last year and gave high marks in most areas. It found just 14 “individual and not systematic problems,” the report says.

Clinching category 1 status from the world’s largest economy follows other signs of growing recognition.

The U.S. ran a $29.3 billion trade deficit with Vietnam in the first nine months of last year, but Washington did not make it a big issue. China and the United States, however, have been locked in disputes for about the past year partly because of China’s trade surplus with the United States.

U.S. President Donald Trump, who praised Vietnam’s economic momentum in 2017, is scheduled to visit Hanoi next week for his second summit with North Korean leader Kim Jong-un. Both sides picked Vietnam as host because it’s seen as geopolitically neutral.

Trump and his “hawkish colleagues” will see Vietnam as distinct from China in terms of trade, McCarty said.

“The degree of economic and trade closeness between Vietnam and the United States is always increasing,” said Tai Wan-ping, Vietnam-specialized international business professor at Cheng Shiu University in Taiwan. “Apart from Vietnam having trade deals, in substance the degree of progress is extremely high.”

Bigger economy, more fliers

Foreign investment in Vietnamese manufacturing is fueling economic growth of 6 to 7 percent since 2012. That trend is growing the middle class to about one-third of the 93 million population by next year, the Boston Consulting Group estimates.

Citizens are spending some of their new wealth on airfares.

The country saw 94 million passengers in 2017, including 13 million foreign nationals, up 16 percent over 2016. The domestic civil aviation industry has grown 17.4 percent over the past decade and the International Air Transport Association projects Vietnam will become the world’s fifth fastest growing aviation market by 2035.

Foreign investors are expected to keep flying in, too. In January Vietnam formally joined the 11-country Comprehensive and Progressive Trans Pacific Partnership, a free-trade deal encompassing about 13.5 percent of the world economy. The European Union expects to ratify its own trade pact with Vietnam.

As part of a 10-member bloc of Southeast Asian countries, Vietnam trades freely with China. But political scientists say Vietnam avoids favoritism toward China, despite its having a similar political system and its significance as a source of raw materials. Vietnam has vied with China over territory for centuries and prefers a multi-country foreign policy today.

Loads of returnees, fewer tourists

Vietnamese in the United States are likely to pack the eventual direct flights as relatively few American tourists visit Vietnam, compared to other sources, McCarty said. Some Vietnamese-Americans go back to visit; others to invest.

The Migration Policy Institute estimates there are about 1.3 million people of Vietnamese heritage live in the United States today, many relocated after the U.S.-backed former South Vietnam lost to the Communist north in the 1970s. Foreign tourism to Vietnam surged to 14.1 million in the first 11 months of last year, led by citizens from China and South Korea.

“There are residents in the U.S. itself, so that alone would be good enough for airline connections if they see fit to,” said Song Seng Wun, regional economist in the private banking unit of CIMB in Singapore,  “Every country on the planet has representation in the U.S. population in one way or another. Obviously therefore it makes economic sense, commercial sense to have connectivity.”

Passengers on the eventual direct flights would avoid today’s stopovers in places such as Hong Kong and Taipei, Tai said.

 
…

From: MeNeedIt

When Gankhuyag Natsag makes one of his famous masks, he spends a lot of time thinking.

“During that time I am thinking that it’s all based on Buddhist philosophy. It allows for meditation, inspiration and a peaceful life,” he says.

The renowned Mongolian mask maker, known as Ganna, makes the elaborate representations of characters that appear in traditional Buddhist temple dances.

It did not get to Mongolia until 1811 and there it flourished until the Soviets cracked down on religion in Mongolia in the 1930’s.

“They destroyed more than 800 temples, including many Buddhist objects. A lot of masks were destroyed during that time,” Ganna says.

Aterwards, only about 30 masks survived. Knowing that has contributed to Ganna’s devotion to the masks. Many of the ones he makes go directly to museums around the world. 

Over a ten-year period ending in 2007, Ganna lovingly made all 108 Khuree Tsam as the masks are called. 

“The last mask I made was the Red Makhagala, also named Jamsran. He is the protector,” Ganna displays his work with reverence. “The other mask was the blue, bull mask. We call him Damdinchoijoo, the god of death.” 

His favorite is still the first one he made, the Old White Man, Chaganb Ebugan. The Old White Man has a lot of wisdom to offer people. 

Ganna has performed the Old White Man in traditional dances with the music and dance ensemble he started called Khan Bogd. The group has performed in more than 50 countries at festivals, theaters and museums.

​“When I wear that mask, I become completely taken over by the role. I feel as if I am bringing people education and giving long life. In Mongolia, we respect the oldest. The oldest has to educate the younger generation.”

Inner peace, outer peace

Gankhuyag Natsag was born in Ulaanbaatar, the capital of Mongolia and immigrated to the U.S in 2002.He now lives in Arlington, Virginia where there is a big Mongolian community.

He has been making Buddhist ritual dance masks for more than two decades. 

While Ganna recreated the masks, his family and friends helped him by reproducing the mask’s costumes and elaborate ornaments.

 “My mother was a famous seamstress and my father was also a very artistic person. I learned a lot from them. I also studied art in school,” he says.

It takes a month for him to actually create a mask using clay and layers of papier-mache.

As much as Ganna loves the process, he also has a greater goal in mind.

“I would like to introduce Mongolian culture all over the world, through my art and through my masks. That’s one of my biggest goals. We need to preserve our culture. That is very important.” 

Ganna has a dream project called the World Peace Pagoda. He hopes to build large scale peace education centers, one in Mongolia and another outside Washington.

“If people are peaceful and enjoyable on the inside, our outer world will directly be the same. Our world will be peaceful. That is based on the Buddhist philosophy,” Ganna maintains. “Our world is unique, it is our only home.”
…

From: MeNeedIt

Ford Motor Co. said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world.

Ford previously said the global reorganization, to impact thousands of jobs and possible plant closures in Europe, would result in $11 billion in charges.

Following that announcement, analysts and investors had expected a similar restructuring in South America. Ford Chief Executive Jim Hackett said last month that investors would not have to wait long for the South American reorganization plan.

The factory slated for closure is in Sao Bernardo do Campo, an industrial suburb of Sao Paulo that has operated since 1967.

It first produced a number of auto models before being switched predominantly to trucks in 2001. It makes the F-4000 and F-350 trucks, as well as the Fiesta small car, a sales laggard.

The factory closure may mean Ford is refocusing on the core of its car business in Latin America’s largest economy, based in a much newer factory in the northeastern state of Bahia. But the job cuts in Brazil’s industrial heartland represent a psychological blow for the new administration of far-right President Jair Bolsonaro, which is battling an unemployment rate above 11 percent.

Ford’s latest cuts come as investors watch for signs of progress on the company’s alliance with Volkswagen AG, which already encompasses commercial vans and pickup trucks but may soon expand into electric and self-driving cars. The two automakers have also pledged to work together on other projects, which could include combining capacity in regions like South America.

Ford shares closed up 3.4 percent at $8.83 in New York.

“You can’t cost cut your way to prosperity in the long term,” said David Kudla, who heads Michigan-based Mainstay Capital Management, a firm that previously owned Ford stock. “We want to hear about the future, what you’re doing for mobility services and autonomous vehicles.”

The closure is also a blow to the industrial outskirts of Sao Paulo, where Brazil’s automotive industry was born and which long drove its industrial growth. It is also where imprisoned former President Luiz Inacio Lula da Silva came to fame as a union leader who organized massive strikes that helped harken the end of the military dictatorship.

The union in Sao Bernardo did not have an immediate comment.

But Sao Bernardo Mayor Orlando Morando complained angrily that Ford gave no warning and failed to discuss the closure with the workers.

“The 2,800 families directly affected and another 2,000 indirectly affected deserved a chance to react. This is an act of cowardice,” Morando’s office said in a statement.

A Ford spokesman declined to provide a precise figure for job cuts but acknowledged there would be “a significant impact” and said the automaker would work with unions and other affected parties on “next steps.”

Ford South America President Lyle Watters said on Tuesday the automaker remains “committed” to South America, a region where it is not currently profitable.

Slow Growth

Sales of Ford cars and light trucks grew by 10 percent between 2017 and 2018 in Brazil, lagging a 15 percent post-recession increase for the industry as a whole.

In the trucks business, it ranked fourth, with sales less than half those of Mercedes Benz and Volkswagen.

Ford said in October it would stop building its Focus compact cars in Argentina in May 2019 as part of efforts to end its losses in the region.

Kleiton Da Silva, an employee and union representative in Ford’s surviving Bahia plant, said the carmaker was in talks to cut 650 of its workforce there, which the automaker has said totals 4,604.

The No. 2 U.S. automaker expects to record pre-tax special charges of about $460 million, with most of that recorded this year, it said in the statement.
…

From: MeNeedIt

Financiers who turnaround companies by injecting them with capital are increasingly considering the environmental and social impact of their investments, according to a survey published Tuesday by consulting firm PwC.

The survey found a growing cohort of these financiers, called private equity firms, have embraced this ethical investment strategy, known as responsible investing or environmental, social and governance (ESG) investing.

For a long time, responsible investing was a niche strategy within finance. But increasingly, investors are waking up to the fact that they can do good as well as achieving financial returns.

PwC polled 162 finance companies from 35 countries, including 145 private equity companies, for its fourth Private Equity Responsible Investment Survey.

It found 91 percent of respondents have adopted or are developing responsible investment policies, up from 80 percent in 2013.

Meanwhile, 35 percent of the firms polled have formed in-house teams to ensure their investments are responsible.

“This is really showing they are taking responsible investment seriously and it is becoming more mainstream,” Phil Case, a director at PwC and co-author of the report, told Reuters.

Development goals

The survey also showed a growing awareness among financiers of the United Nation’s Sustainable Development Goals (SDGs), a series of targets to combat global problems, such as poverty, hunger, gender inequality and climate change.

According to the survey, 67 percent of respondents selected development goals to tackle that are relevant for the businesses they invest in. In 2016 — the year after the SDGs launched — just 38 percent did this.

“What we are seeing in the market, including private equity, is more and more firms hang their sustainability strategies — or ESG strategies — around the SDGs, so they are being seen as a very useful framework,” said Case.

However, he warned that there is scope for financiers to exaggerate their allegiance to the development goals.

“Not all firms are taking the SDGs as seriously as others,” he said.

Human rights, climate change

The survey showed that human rights and climate change were also high on the agenda for the private equity community.

It found 76 percent of respondents said they were concerned about human rights issues, such as poor labor practices within supply chains.

Meanwhile, 83 percent are concerned about the impact climate change could have on the businesses they invest in.
…

From: MeNeedIt

America’s auto industry is bracing for a potential escalation in President Donald Trump’s tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress.

Late Sunday, the Commerce Department sent the White House a report on the results of an investigation Trump had ordered of whether imported vehicles and parts pose a threat to U.S. national security. Commerce hasn’t made its recommendations public, and the White House has so far declined to comment. If Commerce did find that auto imports imperil national security, Trump would have 90 days to decide whether to impose those import taxes.

Trump has repeatedly invoked his duty as president to safeguard national security in justifying previous rounds of tariffs. An obscure provision in trade law authorizes a president to impose unlimited tariffs on particular imports if his Commerce Department concludes that those imports threaten America’s national security.

Whatever Commerce has concluded in this case, Trump has made clear his enthusiasm for tariffs in general and for auto tariffs in particular. Some analysts say they think Commerce has likely endorsed the tariffs, not least because the president has conveyed his preference for them.

‘Tariff Man’

Among Commerce’s recommendations “will certainly be tariffs because, hey, he’s a Tariff Man,” said William Reinsch, a former U.S. trade official and now a senior adviser at the Center for Strategic and International Studies, referring to a nickname that Trump gave himself.

Industry officials took part in a conference call Tuesday to discuss the possible steps Trump could take. They include tariffs of up to 25 percent on imported parts only; on assembled vehicles only; or on both vehicles and parts — including those from Mexico and Canada. The last option would be an especially unusual one given that the United States, Mexico and Canada reached a new North American trade deal late last year, and the legislatures of all three nations must still ratify it.

In public hearings last year, the idea of imposing import taxes on autos drew almost no support. Even U.S. automakers, which ostensibly would benefit from a tax on their foreign competitors, opposed the potential tariffs. Among other concerns, the automakers worry about retaliatory tariffs that the affected nations would impose on U.S. vehicles. Many U.S. automakers also depend on imported parts that would be subject to Trump’s tariffs and would become more expensive.

A similar Commerce investigation last year resulted in the Trump administration imposing taxes on imported steel and aluminum in the name of national security. The administration has adopted an extraordinarily broad view of national security to include just about anything that might affect the economy.

In addition to steel and aluminum, Trump has imposed tariffs on dishwashers, solar panels and hundreds of Chinese products. Targeting autos would further raise the stakes. The United States imported $340 billion in cars, trucks and auto parts in 2017.

‘Economic fallout’

If the administration imposed 25 percent tariffs on imported parts and vehicles including those from Canada and Mexico, the price of imported vehicles would jump more than 17 percent, or an average of around $5,000 each, according to estimates by IHS Markit. Even the prices of vehicles made in the U.S. would rise by about 5 percent, or $1,800, because all of them use some imported parts.

Luxury brands would absorb the sharpest increase: $5,800 on average, IHS concluded. Mass-market vehicle prices would rise an average of $3,300.

If the tariffs were fully assessed, IHS predicts that price increases would cause U.S. auto sales to fall by an average of 1.8 million vehicles a year through 2026. Auto industry officials say that if sales fall, there almost certainly will be U.S. layoffs. Dealers who sell German and some Japanese brands would be hurt the most by the tariffs.

“The economic fallout would be significant, with auto tariffs hurting the global economy by distorting prices and creating inefficiencies, and the impact would reverberate across global supply chains,” Moody’s Investors Service said in a report. “The already weakening pace of global expansion would magnify global growth pressures, causing a broader hit to business and consumer confidence amid tightening financial conditions.”

Congress could resist the auto tariffs. Sens. Pat Toomey, R-Penn., and Mark Warner, D-Va., have introduced legislation to reassert congressional control over trade. Their bill would give Congress 60 days to approve any tariffs imposed on national security grounds. It would also shift responsibility for such investigations away from Commerce to the Pentagon.

Some analysts say they suspect that Trump intends to use the tariffs as leverage to pressure Japan and Europe to limit their auto exports to the United States and to prod Japanese and European automakers to build more vehicles at their U.S. plants.

Reinsch notes that Trump’s top trade negotiator, Robert Lighthizer, worked in the Reagan administration, which coerced Japan into accepting “voluntary” limits on its auto exports.

“This is the way Lighthizer thinks,” Reinsch said.

Even if the tariff threat resulted in negotiations, Europe and Japan would have demands of their own. A likely one: Compelling the U.S. to drop its longstanding 25 percent tax on imported light trucks.

Trump is “pursuing something that, as near as I can tell, the domestic [auto] industry doesn’t want,” Reinsch said. “Once he pursues it, he is going to be under pressure to give up the one thing the auto industry really does want” — the U.S. tariff on imported light trucks.

‘Cloud of uncertainty’

For now, many in the industry are upset that the Commerce Department report remains secret, feeding uncertainty.

“The 137,000 people who work for Toyota across America deserve to know whether they are considered a national security threat,” Toyota said in a statement Tuesday. “And the American consumer needs to know whether the cost of every vehicle sold in the U.S. may increase.”

The American International Automobile Dealers Association this week called the Commerce Department’s investigation “bogus.”

“Now, dealerships must continue to operate under a cloud of uncertainty, not knowing if at any moment their products will be slapped with 25 percent tariffs, raising vehicle and repair costs by thousands of dollars and slashing sales,” the association’s CEO, Cody Lusk, said in a statement.
…

From: MeNeedIt

President Donald Trump says there is no “magical date” for reaching a trade deal with China, suggesting again the March 1 deadline for new tariffs could be pushed up.

“I think the talks are going very well,” Trump told reporters at the White House Tuesday. “I can’t tell you exactly about the timing. The date is not a magical date because a lot of things are happening. We’ll see what happens.”

He called the trade negotiations “very complex.”

Trump had set March 1 as the deadline for hiking tariffs on $200 million in Chinese imports from 10 to 25 percent if no trade agreement is reached.

He has since said that date could be put off if negotiators are close to a deal.

Talks resumed Tuesday in Washington between lower-level deputies from each side before senior-level talks — including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer — take over Thursday.

Vice Premier Liu He, Beijing’s top economic and trade negotiator, will again lead the Chinese side.

The White House says the talks will focus on “achieving needed structural changes in China that affect trade” with the United States. 

Bloomberg News reports U.S. negotiators want China to commit to not depreciating the value of its currency.

A depreciated yuan makes Chinese goods cheaper on world markets compared to U.S. products.

The United States has long complained about what it calls unfair Chinese trade practices, including alleged theft of U.S. intellectual property, and demands U.S. firms turn over trade secrets to China if they want to keep doing business there.

China has said it is U.S. trade policies that are stifling its economic development.

Washington and Beijing imposed tit-for-tat tariffs on each other’s imports last year before Trump and Chinese President Xi Jinping called for a 90 day truce starting on Jan. 1.
…

From: MeNeedIt

Striking a pose in the mirror, Swedish model and stylist Lisa Anckarman shows off a new jacket with a difference on Instagram – though it fits her perfectly in the photo, it’s a virtual design that does not exist in real life.

She is among a number of trendsetters embracing cutting-edge technology that offers the opportunity to sate appetites for fast fashion while dramatically slashing the emissions, pollution and labor abuses linked to the garment industry.

“I really liked the idea and the aspect that it’s good for the environment,” Anckarman told the Thomson Reuters Foundation as she discussed her virtual styling. Actually I think it maybe looked too good because people didn’t really get that it was digital.”

“People were asking me ‘Where did you buy this?’ and I was saying, ‘It’s digital’, and they were like, ‘No, at what shop did you buy it?’”

Fashion is one of the world’s most damaging industries – it is responsible for about 10 percent of all greenhouse gas emissions, sucks up scarce water and creates vast amounts of pollution and waste.

But the desire for the latest look is only increasing. Global fashion sales grew by about 4.5 percent to $1.7 trillion in 2018, found analysts at McKinsey and Company, who said social media is bringing trends to consumers at an ever swifter pace.

Some businesses are now looking to meet the demand for new styles through digital designs, with Scandinavian fashion firm Carlings convincing its customers to pay real cash for virtual clothes that are digitally “fitted” onto users’ photographs.

“It was kind of scary (launching it) but the response was so overwhelming that we were convinced we were on to something,” said Ronny Mikalsen, the firm’s brand director.

The first Carlings designs, costing between 10 euros ($11) and 30 euros, sold out and a second digital collection is due to be released in spring 2019.

High fashion, low emissions

Digital clothes create far lower emissions than physical clothes as they cut out the long, labor-intensive process of sourcing materials, producing fabrics, making garments and shipping them worldwide.

While virtual styles may still be niche, experts say they are set to grow as technology seeps into more aspects of human lives.

Younger generations in particular are keen to curate their online personas as much as their real-life image, said Matthew Drinkwater, the head of the Fashion Innovation Agency based at the London College of Fashion.

On Instagram you have to ask “how much of that is a real person and how much is an enhanced version or a way they wish to portray themselves?” he said.

The increasing use of filters on social media that can add cute dog ears or a flower crown on top of a photo or edit video in real time to make people vomit rainbows shows how people are already using digital effects to play with their image, he said.

“In a very simple sense people are beginning to enhance or alter the way that they look,” he said. “You can begin to see a drift towards this merging of physical and digital.”

Shopping habits are already changing to meet the demands of online images: nearly one in 10 people have bought clothes to wear once, with the aim of sharing their outfit on social media, according to a survey of 2,000 Britons by finance firm Barclaycard last summer.

“If you get caught wearing the same clothes too many times it’s seen as a bad thing,” said Morten Grubak from the Virtue creative agency, who came up with the Carlings campaign.

“One of the worst things you can write under images is ‘Not again’, making the hint they have posted that outfit before.”

‘Physics-defying’ outfits

Some involved in virtual fashion said they had set out to offer a new solution to the industry’s climate damage and waste rather than trying to persuade consumers to buy less.

“Right now (environmental campaigns) are always about, like, how much water did we save producing these jeans and people don’t care about that,” said Grubak.

“Instead of getting angry with people doing fashion on Instagram, how can we innovatively solve that problem by adding a new platform?”

Other companies said they had taken a deliberate decision to avoid the traditional fashion market entirely.

“We’ve made a very clear point of never wanting to be a physical fashion brand,” said Kerry Murphy of Dutch digital fashion house The Fabricant, which creates only virtual designs.

“We believe the world does not need more clothing. It’s an incredibly wasteful and polluting industry. That’s why we very consciously said we want to re-imagine fashion.”

Digital design also opens up new possibilities to play with fashion, from using fabrics like rubber which would be relatively uncomfortable in real life through to dabbling in exotic skins or even physics-defying fantasies.

“Clothing will definitely have a different meaning because it does not have the same functionality as physical clothing,” Murphy said.

“People can wear fire or they wear rain or they can be a dinosaur, so the possibilities are limitless.”

Those involved in the digital design industry said it will not offer a complete solution to fashion’s emissions and waste problems, but it can help by encouraging people to update their existing wardrobes with virtual flourishes.

And as technology advances, virtual fashion could sashay into the mainstream, said Drinkwater.

Within a decade, people could regularly wear high-tech glasses that can apply digital effects over what the wearer sees in real life, he predicted, meaning virtual clothes will no longer be restricted to a computer or phone screen.

“Could you imagine a point where your existing clothes could be constantly updated through digital design? Could we be downloading content that could portray ourselves differently? Would that stop us from simply buying more product?” he asked. “That potential is really quite exciting.”

($1 = 0.8834 euros)
…

From: MeNeedIt

It’s billed as North America’s largest and longest-running auto show, now in its 111th year. The 2019 Chicago Auto Show offers a lineup of nearly 1,000 vehicles occupying nearly 1 million-square-feet of space at the McCormick Place Convention Center.

A special preview for members of the media at the annual show is a chance for manufacturers to show off their latest and greatest products about to enter the market.

What is notable about this year’s event is what some manufacturers aren’t showing off — new sedans.

Customers want trucks, SUVs

“Over 10 years, there has been a consistent movement of customers in the United States and around the world, but even more so in the United States, moving away from sedans and more traditional passenger sedans into more utility vehicles,” said Joe Hinrichs, president of Ford Motor Co.’s Global Operations.

“Nearly 7 out of 10 vehicles sold today are trucks or SUVs in the U.S. market. They like the ride high, the seating height, the utility of the vehicle. And now, we can give them the fuel efficiency that they used to get out of sedans. So, that’s where customers are going.”

All reasons Ford is going the extra mile and planning to invest $1 billion to upgrade its Chicago manufacturing facility, which produces the popular Explorer Sport Utility Vehicle, or SUV — also used as a law enforcement vehicle — and the new Lincoln Mariner luxury SUV.

But while Ford is offering new options for consumers, it is also discontinuing models of the Focus, Fiesta and Fusion cars, ending production later this year.

“We’ve been planning our business to incorporate the expectation that some of those cars will go away,” Hinrichs said. “Then bring in new products to enter the market to supplement some of that volume that was lost so that we can keep our plants full.”

The new family car

“We have the debate a lot about is the compact SUV the new family sedan, and in many instances, you can say yes,” said Steve Majuros, marketing director for cars and crossovers for the General Motors Chevrolet brand. He introduced two new trucks in Chevy’s popular Silverado lineup to media at the auto show.

The prominence, and choices, of SUVs, crossovers and trucks in GM’s current lineup promoted at the auto show stands in contrast to its perennial attraction in recent years, the Chevrolet Volt. Even though it is the top-selling electric plug-in vehicle of all time, sagging sales have led GM to cease production in March.

“Volt was a great product for us,” said Majuros. “(It) had a great run — two generations. But what has happened is as the ability to produce pure electric and the kind of cost configuration and range of what people are looking for, Volt had its time, but was a great stepping stone for us to lead us to the future, which was pure electrification.”

Joining the Volt on the chopping block is the Cruze, a compact car manufactured at GM’s Lordstown Assembly plant in Ohio. Chevrolet does plan to keep making the Malibu midsize sedan and the Bolt all-electric vehicle, among a few other options.

“We’re not abandoning the car market completely,” Majuros assured. “We’re right-sizing our portfolio. We’re reacting to what the consumers are looking for.”

What they are looking for are trucks and SUVs, which made up about 70 percent of the 17 million vehicles sold in the U.S. in 2018, a trend expected to continue this year.
…

From: MeNeedIt

Being surrounded by wild animals, feeding them and taking care of their little ones this is exactly what Tiffany Soechting wanted to do all her life. Anush Avetisyan met with the woman who is the human “mom” to the 500 animals that live on her family’s wildlife preserve in Texas.
…

From: MeNeedIt

The store checkout line may be a thing of the past sooner than we think. A year after Amazon opened its first store without a cashier, retailers and start-ups are competing to get similar technology in other stores worldwide, so shoppers do not have to stand in line. VOAs Deborah Block has a report.
…

From: MeNeedIt

A method millions of women have used to get pregnant could be what saves northern white rhino from extinction. Scientists are extracting eggs from southern white rhinos in European zoos as they fine-tune the IVF – in vitro fertilization – procedure. One day they plan to harvest eggs from northern white rhinos and create a northern white rhino embryo with a southern white rhino female acting as a surrogate. It may be the only chance these armored giants have. VOA’s Kevin Enochs reports.
…

From: MeNeedIt

President Donald Trump received an update on trade talks with China on Saturday at his Florida retreat after discussions in Beijing saw progress ahead of a March 1 deadline for reaching a deal.

Trump, at his Mar-a-Lago club, was briefed in person by U.S. Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, White House Chief of Staff Mick Mulvaney and trade expert Peter Navarro, said White House spokeswoman Sarah Sanders. Treasury Secretary Steven Mnuchin, economic adviser Larry Kudlow and other aides joined by phone. 

The White House offered no additional detail. 

Both the United States and China reported progress in five days of negotiations in Beijing this week, but the White House said much work remained to be done to force changes in Chinese trade behavior. 

Shortly after the meeting with his trade team, Trump said on Twitter the talks in Beijing were “very productive.” 

At a White House press conference on Friday, he said the talks with China were “very complicated” and that he might extend the March 1 deadline and keep tariffs on Chinese goods from rising. 

U.S. duties on $200 billion worth of Chinese imports are set to rise from 10 percent to 25 percent if no deal is reached by March 1 to address U.S. demands that China curb forced technology transfers and better enforce intellectual property rights. 

China’s vice premier and chief trade negotiator, Liu He, and Lighthizer are to lead the next round of talks next week in Washington. 
…

From: MeNeedIt