Good morning! Here are our top stories to kick-start your Sunday, Sept 30. Devastation in Sulawesi: Help arrives in Palu after quake as death toll rises to over 400 The first wave of rescuers and emergency aid arrived yesterday in Palu, Central Sulawesi, as the Indonesian province begins to count its losses after it was hit by a 7.4-magnitude earthquake a day earlier. READ MORE HERE MOH puts a stop to foreign patient referral contracts The Health Ministry (MOH) has told public hospitals to terminate all contracts with foreign agents who refer patients from overseas, after The Sunday Times highlighted the existence of such a practice. READ MORE HERE 3 key strategies to fight fake news In this era of fake news, it has become more important than ever to ensure people are equipped with critical thinking skills, so that they can discern truth from falsehood, effectively interrogate information sources and understand how and why online falsehoods are spread in the digital age. … [Read more...] about Top stories from The Straits Times on Sunday, Sept 30
Who killed the electric car
Asia UnhedgedReal-time intel on what moves markets American carmakers are missing their chance to gain a foothold in the market of the future, and investors have noticed By David P. Goldman September 22, 2018 5:15 AM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 Economic historians will cite July 9, 2018 as the date on which the US lost the trade war with China – before the war began. That was when Germany’s top manufacturing companies – Volkswagen, BMW, Daimler, BASF and Siemens – announced tens of billions of dollars of new investments in China as Chinese Premier Li Keqiang posed for a photo op with German Chancellor Merkel in Berlin. BMW will expand its joint venture with Brilliance Auto to produce 519,000 vehicles a year. It also set up a joint venture to produce an electric version of the Mini together with Great Wall Auto. And it agreed to buy US$4.7 billion worth of batteries from Chinese producer CATL, which just announced a … [Read more...] about Did Trump just kill the US auto industry?
caption Tesla CEO Elon Musk and former General Motors vice chairman Bob Lutz source REUTERS/Mark Blinch Bob Lutz, the former vice chairman of General Motors and prominent Tesla critic, would like you to know that he still believes Tesla’s days are numbered. Lutz said in an interview with CNBC on Tuesday that the totality of the electric-car maker’s financial, administrative, manufacturing, and legal problems signal Tesla “is headed for the graveyard.” The remarks come at another challenging time for Tesla and its CEO, Elon Musk, as US authorities investigate his claim that he had “funding secured” to take his company private. Tesla is also working overtime to crank out as many of its mass-market Model 3 sedans as it can. “They will never make money on the Model 3 because the cost is way too high,” Lutz said Tuesday. “He’s got 9,000 people in that assembly plant … [Read more...] about Former GM exec Bob Lutz predicts conspiracy theorists will soon be asking ‘Who killed Tesla?’
caption Tesla CEO Elon Musk. source Mark Brake / Getty Images Tesla CEO Elon Musk has been right about electric cars needing to be cool – but he’s been wrong about several other major aspects of the transportation business. Musk doesn’t like to be wrong, so he’s stuck to his guns when it comes to pitting Tesla against its competition and doubling down on various futuristic ambitions. His biggest mistake was in not understanding that self-driving cars would both steal electric vehicles’ thunder – and create a new business opportunity that Tesla couldn’t easily pursue. Tesla CEO Elon Musk is clearly feeling some stress. At Tesla’s annual shareholder meeting on Tuesday, he at times struggled to control his emotions while still rocking a very chic Belstaff motorcycle jacket (Musk’s fashionable jackets should have their own Twitter account). … [Read more...] about Elon Musk got one thing right about selling electric cars — but it’s not enough to save Tesla from his mistakes
The driver of a Tesla Model S that collided with a fire department vehicle in Utah last week reportedly told police that she had Autopilot engaged at the time of the crash. The South Jordan Police Department told news outlets on Monday that the driver, a 28-year-old woman, had been looking at her phone before the crash, during which the Tesla was traveling at highway speeds. Tesla says it is cooperating with the investigation. This is the latest in a series of Tesla crashes in recent months involving the company’s semi-autonomous driving Autopilot feature. The woman driving a Tesla Model S that collided with a fire department vehicle in Utah on Friday reportedly told police that Autopilot was engaged at the time, and that she had been using her phone just before impact. The vehicle was traveling at highway speed, and according to the Associated Press, it had not slowed down before … [Read more...] about Tesla Model S driver who collided with a fire department vehicle in Utah says Autopilot was engaged at the time of the crash