• Tag Archives Politicians
  • Automakers Join Broader U.S. Business Community in Curbing or Suspending Political Donations

    In light of the attack of the U.S. Capitol Building by rioters last week, GM officials are weighing the company’s options when it comes to PAC donations.

    A number of automakers have joined the growing push by U.S. businesses to suspend or entirely eliminate political spending in the wake of last week’s attempted insurrection by supporters of President Donald Trump.

    Scores of major corporations, from Hallmark to Dow, have reacted to the political violence that saw rioters break into the U.S. Capitol. In some instances, businesses have said they will suspend all political contributions. In other cases, companies are specifically targeting politicians and political groups that backed false claims that the election was rigged.

    Hallmark, for example, said it not only was ending financial support for Kansas Sen. Josh Hawley but was demanding he return previous campaign donations. The archconservative Republican has been seen as a leader in the “Stop-the-Steal” effort, caught on camera encouraging rioters as they approached the Capitol last Wednesday and then voting to reject the results of the election won by now President-elect Joe Biden.

    (Automakers, manufacturing trade group react in horror to Washington insurrection.)

    Ford executives said the automaker has suspended its PAC contributions “for now.”

    By and large, automakers have announced less aggressive responses to the what happened in Washington last week, though many did speak out against the violence, including Ford Chairman Bill Ford and CEO Jim Farley, as well as General Motors Chairman and CEO Mary Barra.

    Barra last week tweeted that, “The peaceful transition of power is a cornerstone of American democracy, and regardless of politics the violence at the U.S. Capitol does not reflect who we are as a nation. It’s imperative that we come together as a country and reinforce the values and ideals that unite us.”

    Asked Monday whether GM would also halt some or all political donations, a source said on background that the company is “weighing its options.”

    (Trump attacks GM, demands it move Chinese manufacturing operations “back to America.”)

    The company’s official response noted that, “While we have not determined our 2021 PAC spending at this time, GM PAC is committed to supporting and building relationships in a bipartisan manner, funds are contributed by GM employees and are distributed to support the election of U.S. federal and state candidates who foster sound business policies and understand the importance of a robust auto industry.”

    Fiat Chrysler was not donating to politicians prior to the events of recent weeks.

    For its part, Ford is taking more immediate action. “As we have said, events over the past year have underscored the need for a broader, ongoing discussion about other relevant considerations when it comes to our employee PAC. In order to give these important discussions the time and reflection they deserve, the Ford PAC will be suspending new contributions for now,” the company said in a statement.

    Toyota, meanwhile, sent a statement to TheDetroitBureau.com saying that, “Given recent events and the horrific attack on the U.S. Capitol, we are assessing our future PAC criteria.”

    (Trump attacks Ford after it agrees to a clean car deal with California.)

    A number of other automakers told TheDetroitBureau.com that they were not giving political donations even before the events of recent weeks. That includes Fiat Chrysler Automobiles, Nissan and Hyundai. Several other companies have yet to respond to requests for comment.


  • Is Joe Biden a Modern Deep Throat for Corvette News? Maybe!

    Did Joe Biden reveal future plans for an all-electric Chevrolet Corvette during a Detroit area campaign stop?

    If you’re looking to break news about future plans for the Chevrolet Corvette, Democratic president nominee Joe Biden may be better than another well-known Washington D.C. informant, Deep Throat.

    During a campaign stop Wednesday in Warren, Michigan, the former Vice President reminded a group of supporters that he’s a car fan. In fact, it’s pretty well known that he’s the proud owner of a dark green 1967 Corvette that he’s “owned since new.”

    However, for the second time in about a month, he may have given away some of GM’s future plans for the new ‘Vette: “But I gotta tell ya, I’m waiting for that electric one y’all just made that does 210 mph.”

    (Internal dokument confirms 1,000-hp Corvette C8 Zora.)

    GM officials have never formally announced plans for an all-electric version of the new C8 model of the Corvette, although they have trademarked the name “E-Ray” so it’s clearly on the company’s mind.

    GM insiders have dropped strong hints that an “electrified” Corvette is on its way, but they’ve also been blurry about what that would mean. During the preview of the eight-generation, or C8, Corvette in Orange County, California last year team members told TheDetroitBureau.com that the mid-engine sports car’s new platform was specifically designed to accommodate batteries.

    Democratic Party nominee Joe Biden is a big fan of the Corvette. He owns a 1967 model himself.

    That’s in line with a report posted here in April outlining the hierarchy of ‘Vettes to come during the current lifecycle. As has become the pattern, the C8 Stingray will be followed by models such as the Z06, the ZR1 and others, each delivering more extreme levels of performance.

    According to various sources, the next Corvette Grand Sport seems poised to be the first electrified model, pairing a hybrid drive with the current 6.2-liter V-8 to punch up from 495 to around 600 horsepower. The COVID-19 pandemic is expected to push the original 2023 launch back by about a year.

    That’s unlikely to be the 210 mph model that Biden was referring to. While that model might use the name “E-Ray,” it could also be the long-rumored Corvette Zora, Chevrolet’s answer to ultimate flagships like the Ferrari Enzo.

    Named for Zora Arkus-Duntov, the legendary General Motors engineer widely known as “the father of the Corvette,” it’s destined to be the “ultimate” version of the new C8 mid-engined ‘Vette. The Zora, according to conventional wisdom within auto circles, was supposed to rely on a gas-electric hybrid drivetrain that will deliver a full 1,000 horsepower through all four wheels.

    (First Drive: 2020 Chevrolet Corvette Stingray.)

    Biden could have been referencing the Genovation GXE all-electric Corvette during his speech.

    Intriguingly, GM has hinted that its new Ultium-based electric driveline could make 1,000 horsepower – in fact, that being the number it has promised for the upcoming GMC Hummer pickup. So, that might suggest that a Corvette Zora could itself go all-electric, rather than opting for a hybrid driveline.

    Confounding the picture, GM President Mark Reuss has suggested the automaker’s plans now call for skipping hybrids in favor of pure battery power – something that doesn’t gibe with reports of upcoming Corvette hybrids of any form. But the ‘Vette team has a history of working outside the box and could get a bit more freedom.

    Then, of course, there’s the possibility that what the Democratic presidential candidate was referring to isn’t actually a factory-built Corvette at all. There are a number of companies now converting conventional, gas-powered vehicles to run on battery power. It’s quite possible that’s what Biden was referring to in his comments in suburban Detroit on Wednesday.

    “I can’t wait to get to set behind (the wheel of) that all-electric Corvette that goes 210 miles per hour,” he said. “Last year, that converted Corvette set a speed record of 210.2 miles per hour — an electric vehicle.”

    One conversion company, Genovation GXE, is now promoting what it claims to be “the world’s first street legal all-electric car to break the 200 mph barrier.” (That might come as a surprise to Croatia’s Rimac whose C_2 hits 258 mph.)

    Genovation’s electric ‘Vette set a new record of 210.2 mph, then broke it two months later clocking 211.8 mph.

    Last September, Genovation raced its converted C7 Corvette to 210.2 mph, setting a new record in the process. The Rockville, Maryland-based company then tweaked the sports car a bit more and posted an even faster time in December of 211.8 mph.

    (GM reveals flexible EV platform, new “Ultium” batteries.)

    Whether that was the car Biden was referring to is unclear but, with GM officials declaring that the company is “on a path to an all-electric future,” all signs point to the likelihood that it’s only a matter of time before we’ll be able to plug in a battery-powered Corvette.

    (Paul A. Eisenstein contributed to this report.)

     

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