for $2.25 billion they get a 20% stake in kroos, the general motors autonomous vehicles unit and general billion and is part of the deal it's a investment so they are paying half upfront and when the vehicles are paying half upfront and when the vehicle is ready to commercialisation that is when they pay the rest and that is expected to be early 2019 that they have these vehicles ready. softbank has other investments in this mobility space, states in uber, and as well as grab in southeast asia but the question is whether they have overpaid. the deal valued it at $11.5 billion where some say it was only 4 billion of worth but as you can imagine general motors stocks soared and we re general motors stocks soared and were up 10% yesterday and one a nalyst were up 10% yesterday and one analyst said it was a reason to invest in general motors again. so does this validate a general motors asa does this validate a general motors as a leader in self driving cars? it's one of in the space so general motors along with alphabet they are the big leaders. tesla wants a piece of the action and uber. p

why is general motors bringing back the blazer?ause it's a hot market right now for crossovers look at the sales in the first quarter for general motors these guys aren't the only ones who realize this is what people want high profit margin vehicles like a crossover are in demand and so they're going to add to that with the chevy blazer, again in showrooms next year. as you take a look at general motors exports from mexico are up 39% this year. general motors exports, melissa. and this news, maybe the optics aren't the best. they announced this vehicle and announced that it's being built in mexico one day before they layoff 1,500 workers at the lordstown plant in ohio. >> phil, thank you phil lebeau in chicago what do we do with general motors >> buy it or deny it >> no, no, that is not a thing that does not exist. but in thames of autos -- >> i would deny it then. >> you see what i did there? gm last fall traded up to 45 valuation is a compelling argument, i get it but it's had a tremendous run. maybe these autos are dead money. i

the two neighbors here ok and staying on the m similar lines general motors has released a statement saying u.s. imports tariffs on cons would be bad for american jobs why is g.m. so worried about import tariffs. well for once costs are going to increase general motors estimates that on average the cars that they manufacture might increase in cost by goods six thousand dollars on average that is true because materials get more expensive but also because they have to import a lot of technology from asian companies for instance and general motors is saying that they're going to have been a disadvantage to the competitors abroad and the stock of general motors last year on wall street to almost about two and a half percent on friday and we heard that story that terrorists might be hurting a couple of times this week i think back what holiday vincent said that they're thinking about putting some of their production outside of the united states or also at toyota who produce the toyota camry here in the united states also said that costs are going to increase quite a bit so we will see if

and general motors said general motors has a strict zero tolerance policy against the use of child labor abusive treatment of employees or corrupt business practices in the supply of goods and services to general motors the company's contracts require that a supplier represents that neither it nor any of its subcontractors will utilize child slave prisoner or any other form of forced or involuntary labor we learned in two thousand and six that a direct supplier of general motors may have been using materials purchased from an empty at that time we investigated immediately and took appropriate steps will pull promised the statements but did not provide one. in washington what was it but it. was a part of it is askew. don't play acting my school just sawyer. pretty soon so i'm going to put us in prison apart wanted to kill us all money cause serious. yes they shouted. it was all the more what was so enormous that. was going to be our disappeared. so only bare bones. may go for less than one if you could talk to a family about to buy a car in the united states for japan or germany and they

comicon general motors holds the trump of ministration to put the brakes on the trade towers. we got some big and a lot of the storms into central and eastern parts of the u.s. right now you can see that fund a heads up quite nicely on the satellite picture just spinning out of the canadian pairs big area of low pressure here in little china storms down towards the southeast cooler and also affecting for where we got this area of low pressure something of a temperature contrast warm southerly winds behind this this warm front after red line on average shot here thirty four celsius for chicago thirty five fold they say into the thirty's towards that east side of kind of the hope across the other side of the system and it's twenty three for winnipeg that will be some big and lively thunderstorms and just around the northern plains pushing over towards the midwest and down into the southeastern corner a little cooler a little fresher dry and bright across western parts we could do with some right of course with a wild fos just around northern california and also into colorado no

general motors echoed the a stern warning. they could be forced to reduce up actions and cut jobs because of the impact of tariffs. david welsh is here with the latest. one analyst said it was a thinly made statement and this is more pr. >> this is an as direct as harley davidson. because of retaliatory tariffs, they would have to move to a different market. directt giving it that cause and effect. they say a chain of a vax could happen here. bring up prices, bring down demand, gm has to employee fewer people. it does not quite like harley but close were gm it is a direct statement. takenave not really public stands, if any opposing the president. have a feel for how many vehicles are talking about? you're not just talking about finished vehicles, you are talking about parts that go into vehicles. what can you tell us about that? about fromtalking mexico alone, 800,000 vehicles. aided of the vehicles are actually sold in the united states. convertibleuick they get from china but you are adding it up and you are getting a milli

the two neighbors here ok and staying on along similar lines general motors has released a statement saying u.s. importer is on cars would be bad for american jobs why is g.m. so worried about import tax. well for once costs are going to increase general motors estimates that on average the cars that they manufacture might increase in cost by a good six thousand dollars on average that is true because materials get more expensive but also because they have to import a lot of technology from asian companies for instance and general motors is saying that they're going to have been a disadvantage to the competitors brought in the stock of general motors last year on wall street to almost about two and a half percent on friday and we heard that story that terrorists might be hurting a couple of times this week i think back what holiday vincent said that they're thinking about putting some of their production outside of the united states or also at toyota who produce the a toyota camry here in the united states also said that costs are going to increase quite a bit so we will see if the a

carmaker general motors wants the trump of ministration to put the brakes on trade tariffs. sponsored by cattle. we're seeing some. very nasty weather into central parts of china recently and down towards the southwest and cold up towards shanghai further west easing over towards chiang bay with say sliding rains more heavy showers here as we go on through sas day so we are expecting further back conditions here then with the possibility of some mudslides but shows to into southern parts of china warm humid air feeding up towards hong kong over the next couple of days and if anything the rain here will intensify for the southeastern corner as we go through sunday no letup in the rain you notice there for shanghai for that eastern side of the country but hope fair little try a little clearer slot just coming back in behind some showers some sunshine too into india china that is a weather system just to the east of the philippines that will style show will actually make as well as the further north which as we go on through the coming days but the actual splash of shabby rain

and general motors is warning that trade tariffs the u.s. is considering imposing on imported vehicles could lead to the isolation of u.s. businesses from the global markets incumbents filed with the u.s. commerce department the u.s. automakers said the tariffs could force the company to downsize would using its presence in the american markets and jobs will be at risk the company which makes some vehicles destined for the u.s. markets in mexico canada also warned that tariffs could high prices reduce sales let's talk more about this with robert he sculpts a senior economist and director of trade on the fracturing of the economic policy institute who joins me now thanks very much for coming on to al-jazeera general motors is saying look this is going to make vehicles more expensive it's going to risk possibly people lowering wages possibly even people losing their jobs this really seems to be backfiring all on the president who is now expecting i'm i suppose this kind of reaction. well i think it's true that the tariffs are going to be costl

so general motors was born in flint, and they still have plants in flint.nd a full year prior to my research coming out, general motors knew that this water was corroding their engine parts. it was actually corroding the parts in their manufacturing plant, and they got a bypass to go back to great lakes water. >> it was corroding their engine parts. god knows what it did to children's insides. so what caused the governor and the state, the city, to reverse course? >> ultimately our science spoke truth to power, and they looked back and conceded and noted that even in their own data, yes, children had increased lead levels. and from that moment on, we have been moving forward to hope and to recovery. so, you know, this book and this story has terrible lessons, and those need to be shared. but more importantly the story is meant to make everybody outraged, but meant to inspire folks to speak up in their communities, especially on behalf of children just as we are doing. >> i just want to play for you that part of his press conference that the governor apologi

as a whole may gain even if general motors loses as a result of these tariffs. the police chief on duty during the one nine hundred eighty nine hillsborough a football stadium disaster in the u.k. will go on trial for manslaughter ninety six people were killed in a crush when fans packed into a grandstand during the f.a. cup semifinal in sheffield david duncan field who's now age seventy three was in command what it happened an inquiry found that police failed to control the flow of people into the stadium. a spacecraft the second off from cape canaveral in the us is said to be the last of its kind the private company space x. is resupplying the international space station as part of a nasa mission the company says it's the last time that it will use this type of rocket it will now focus on producing rockets that can be reused after returning from space with a multi-national every day in australia thirty people are rescued from drowning that job is about to get a little easier this summer drones will be used to tell rescue stranded swimmers and to spot shocks th

carmakers general motors warns the trumpet ministration to put the brakes on trade tariffs.next cruise presidential front runner is promising he rescued the country's impoverished population but it might not be that simple and john homa and i'll tell you more. in sport as argentina's men's team struggles its way through the world cup female players are in a battle for equality. we got some big a lot of the storms into central and eastern parts of the u.s. right now you can see the thunderheads already showing up quite nicely on the satellite picture just spinning out of canadian paris big area of low pressure here and a little chain of storms down towards the southeast corner and also affecting florida where we got this area of low pressure something of a temperature contrast warm southerly winds behind this this warm front red line on our chart here thirty four celsius for chicago thirty five for d.c. into the thirty's to that east side of kind of the hope across the other side of this system and it's twenty three for winnipeg there will be some big and lively thunderstorms

well you got to introduce the consumer because you understand that in general motors and ford if they get can are hit with terrorist for the because they're huge exporters of the automobile so if these countries got bank say well you know we'll just thank you one good turn deserves another so we're going to put these tires on your vehicle that's going to really hurt ford and general motors and have wars in the big dream companies that use a lot of aluminum in order to to package their products their cost is going up and the consumer cost is going to go up and that you know in the end the consumer is the one that's really going to pay you know but particularly the guys that angela on i looked at what the mexicans are talking about and they're talking about striking back with tariffs on on fruits and vegetables except and things that we import there and and of course we get a lot of our fruits and vegetables something like sixty percent from from mexico so it could be a big deal do you think there might be some food companies that might be impacted by these tariffs other than of course

. >> earlier this morning, general motors had a big announcement. that softbank's vision fund has invested $2.25 billion in gm's cruise automation. >> this is a big, major deal for general motors. they made some announcements late last year about some of the ambitions they had for cruise automation, their self-driving unit, and talked about getting a self-driving taxi service on the roads by 2019. so, what you are seeing is this is as being a big endorsement, and sort of a major help toward getting some legitimacy around these plans to put cars on the road and contend with the likes of google and self driving cars. >> i think it is a big recognition of the rapid progress we've made over the last couple years in developing this technology. so i think even more important, it is recognition of the huge potential impact, positive impact that this technology can this technology. have on the world, the business opportunities that will come around that, and we are delighted to have softbank on board as a partner sharing in the vision we had for what autono

general motors has issued a stern warning.and cut jobs if tariffs are applied to auto parts. , consumer edge research. thank you for joining us on this developing story. gm talking about the cars it imports to sell in the u.s.. much does this represent. >> good afternoon. the ironic thing is it is small. else isthan anything speaking out from a public relations perspective in solidarity. to the degree that china, the isld's largest auto market going to be important to gm's future, it believes them to get everybody on the same page. ford and othernd domestic manufacturers have the fears.tration we thought they were working along the lines of mcnish or the administration knows the severity of the impact these tariffs could have. this would seem in contrast to anticipatedtion we they would have. >> they are clearly lobbying behind the scenes. in light of the fact it surprises you, does this suggest an increasing element of alarm in light of what we are seeing from the likes of canada. we are seeing it from china. it does feel lik

. >>> general motors is reportedly considering publicly listing shares of its self-driving car unit ornning off the division entirely. bloomberg says the car maker is in talks with banks about that potential option for tha shares of general motors rose fractionally to $43.91. >>> bristol meyers cancer drug has been approved by chinese. legislato the medication is already approved in more than 60 other countries. bristol meyers shas climbed 2% to $54.80. >>> reuters say qualcomm's $44 billion merger with nxp co seuctors has not been approved by chinese regulators just yet. that r aort cameer bloomberg and a chinese publication said the deal was given the green light by china's ministry of commerce. shares were up a fraction. shares ofls qualcomm rose slightly to $59.86. >>> this week's market monitor is betting his three picks will continue to offer invesgrrs owth, income, and reasonable valuations. it's his first time with us as market. monit mike bailey, director of research. thanks for joining us tonigh >> thanks for having me. >> you want growth, income, and value. sounds llle you w

and the demand is not slowing down as you look at shares of general motors one last point about thision of the blazer in mexico, gm's exports of vehicles built at its plants in mexico, up 39% this year so they are not slowing down production despite threats about nafta being torn up. they are actually increasing it. guys, the real kick in the gut for some gm workers here in the u.s. is that in lordstown, ohio today is the last day of work for 1,500 workers as they eliminate a shift at a plant that builds a sedan, sedans are not in favor right now >> for more on the suv and crossover boom and what is fueling it let's bring in an executive analyst from kelly blue book. the reason why people like suvs hasn't changed over many years it's convenient in terms of the weather in which you can drive, easier to get in and out of, it can carry a lot of stuff why do you think there is a boom now, a surge in demand >> we are really seeing a continued evolution of cars, what we consider a car so we've got demographics in our favor when it comes to suv and crossover sales also baby boomers really s

you have launched a tie—up with general motors to share the cost of developing new vehicles, where'dding in the next ten or years of citroen? i think there are a number of things. there are electric vehicles, there unless vehicles and also mobility. will the customer want to own a vehicle or will they want access to a vehicle? will they want that vehicle to be electric and will they won that the vehicle to be totally autonomous? i think those three subjects are challenging all of us because it will come. when it comes i don't think any of us knows. it is about building the structure for that to happen. do you find your new competitors are notjust the traditional car—makers but companies like tesla? do think it is broadening slightly? it is broadening slightly? it is broadening completely. many people think you make a car and broadening completely. many people think you make a carand it broadening completely. many people think you make a car and it is all about the engines, it is also about the digitalisation and artificial intelligence that you having cars now which widens the aspect

general motors just fired a shot across the trump administration's bow warning that more tariffs mightse less investment, fewer jobs and lower wages. what does this mean for the president's america first policy? well, the president's top trade adviser peter navarro is here. and my view as to why the timing of justice kennedy's retirement virtually assures that his replacement will be no, well, justice kennedy. >>> plus, most americans disapprove of the separation of illegal immigrants from their children but republicans are in favor of it. why? i think it comes down to demographics. and after comedian d.l. hughley grew tired of receiving advice from white people, he is here to discuss his new book "how not to get shot." in the president's ongoing quest to put america first, he's torn up a lot of the ways in which the country has done business. today an 850-foot long ship will be christened here in philadelphia. the largest container ship ever built in the united states made by hundreds of union workers. on the other hand, general motors just warned the commerce department that another

." ♪ ♪ liz: we need to take a look for breaking news out of general motors.is down more than 2% right now. why is it moving to the downside on this friday afternoon? the automaker says that the u.s. tariffs on imported vehicles could isolate u.s. businesses like gm from the global market and could, quote, lead to a smaller gm with a reduced presence at home and abroad. of course, as you have heard president trump says he wants, he wants it equal. if the europeans are going to slap tariffs of 20%, 10%, whatever depending on the country on our cars going into their countries, he wants to do the same for their cars coming into our countries. gm says that is already going to hurt their company, and it's hurting the stock, taking a hit of about 2%. >>> all right, the temperature outside a steamy 90 degrees, and on wall street things are kind of heating up in this final hour of trade. i'm so glad you're with us here. all three major averages in rally mode right now. subsiding trade fears sending the dow on track -- well, ex-general motors -- the dow is on track for

i'm dan nicholson, vice president of propulsion systems for general motors company. i'm here today representing general motors, a member of -- i appreciate the committee's invitation to appear before you to discuss the importance of increased octane in gasoline. as you know, the automotive industry is changing at an unprecedented pace. this requires all stakeholders to be better coordinated and develop implementation strategies together. as the committee explores options such as changes to u.s. fuel standards that may include higher octane gasoline, it's necessary that the industries involved in this opportunity work more closely together in order to insure that consumers benefit and our industries remain strong. we believe increasing the minimum octane level in u.s. gasoline for new vehicles will be a win for all industries and, most importantly, consumers. today, you will hear from many stakeholders involved in changing the liquid fuel market. this change requires the commitment of all parties. i would now like to take a few minutes to discuss the role of the autom

this plant in the city of sellout produces pickup trucks it's run by the american company general motors which benefits from mexico's lower wage costs. it's just the kind of set up us president donald trump is determined to clamp down on he's hoping to lure companies back to the united states by imposing tariffs of up to twenty five percent on car imports it certainly wouldn't be the first protectionist move back in may trump imposed a twenty five percent tariff on steel and ten percent unemployment imports mexico responded by placing a levy on imports of american pork. despite a flash. tariffs have made pork too expensive stuff you know mexico has managed one could say within a few hours to substitute u.s. pork exports with e.u. exports of cork. mexico is currently in the middle of updating its own free trade deal with the european union amid strained relations with the united states the country is keen to strengthen economic ties with other countries mexico mexico is not just the u.s. is neighbor it's a member of the pacific alliance it's an economic bloc that's getting stronger and st

mark reuss, a general motors executive vice president was behind the wheel of the corvette zr1 when itof change. the second game of the nba finals is under way. the second quarter. golden state warriors won the opening game. they won last year. 39—33. eight minutes until half—time. for anything else, go to the website. for me and the marvellous sport today team, it is goodbye for now. hello. quieter weather on the way during at least the first half of this week. mainly dry, but that doesn't mean wall—to—wall sunshine. i hope you made the most of what many of us saw on sunday, as temperatures rose into the mid to upper 20s in some spots. the day ahead brings much more cloud. here's why — low pressure to the south of us not so much a player in a weather during the first half of the week. it's high pressure to the north. the flow of air around that, gentle north and north—easterly coming in. but that, overnight into monday morning, will scoop up a lot of cloud from the north sea, some patchy mist and fog as well. so it's going to be a rather grey, murky start for many of us. just limited

corvette in a mass after crashing on turn two no serious injuries except perhaps the ego the general motors exact behind the wheel of chevrolet later blaming the incident on track and weather conditions but tell your sport for now back to you but i think steve said that that's it from. here to update you just a few but it's also what. june on al jazeera. with media trends constantly changing the listening post continues to analyze how the news is covered it's the most widely viewed sporting event on the planet as russia prepares to host the football world cup we'll bring you stories from on and off the field from afghanistan one o one east investigates why so few girls are in school despite billions of dollars of donations one year since the imposed blockade of qatada al-jazeera examines the political economic and human impact of the crisis unfold provoking documentaries witness brings world issues into focus for personal stories june on al-jazeera. to. congress again. singapore is being accused of expanding its coastline with illegally dredged satins of some of the islands off the coast of

carol: general motors signing a winning strategy in china. jason: i don't think many people have heard of it outside of china. carol: exactly. jason: first we get to a really interesting story about a deal that died. a $6 billion bill, and a cast of characters. carol: i bunch of companies, on-again, off-again deal. >> he bought his shares in xerox in 2016. xerox had gotten into the outsourcing business by buying a company that been started by another colorful billionaire who will be a character in our tale. he bought his shares thinking there was an opportunity, that basically these companies it should split. they did, and the standalone xerox is basically left as a pure play copy maker. before we get too deep into the who carol icahn is? >> he has made a name for himself by taking over these companies. sometimes that involves selling off assets, sometimes that involves taking over the companies, sometimes it requires demanding stock buybacks. he is very successful and willing to be very confrontational. whenhappened here is that your ago he

automaker general motors g.m. will contribute one point one billion dollars of its own capital g.m. stock rose thirteen percent on the news and also yesterday google self driving car spin off whammo agreed to buy sixty two thousand feet chrysler minivans for right hailing service that could be in business before the end of the year many allen analysts took the big investments from established players as a sign that the business of driverless cars may be moving from the realm of theory to commercial viability at the same time many technical challenge challenges remain and setbacks such as the recent death of a woman in arizona killed by an uber test car might hamper driverless technologies going forward. earlier this week the u.s. commerce secretary wilbur ross ruled out the permanent tariff exemptions the e.u. had demanded as a condition for full trade talks boss ross's boss president trump has repeatedly complained of a trade imbalance with europe canada mexico and the e.u. all announced plans to retaliate with tariffs on u.s. products canadian prime minister justin trudeau via twi

carol: in this week's issue general motors signing a winning , strategy in china.ason: that's right. i don't think many people have heard of it outside of china. carol: exactly. jason: we get to a first, really interesting story about a deal that died. a $6 billion bdeal, and a cast of characters. carol: a bunch of companies, on-again, off-again deal. we got more from a reporter. >> carl icahn bought a-shares in xerox back in 2016. at that point, xerox had gotten into the outsourcing business by buying a company that been started by another colorful billionaire, who will be a character in our tale. carl icahn bought a-shares thinking there was an opportunity that these two companies should split. they did. and the standalone xerox is basically left as a pure play copier maker. before we get too deep into the story, remind us who carol icahn is? >> sure. some people call him a corporate raider. he prefers to call himself an active investor, and he has made a name for himself by taking over these companies. sometimes that involves selling off assets, sometimes that i

general motors will keep building sedans, the whole shift towards suv's and that puts jeep and ram asu call company? >> retraction of the fiat brand as well as overseas. who knows, maybe fiat or markioni brand. cheryl: i know you will be covering for fox business, thank you for coming in, appreciate it. gerri: gary, great reporting, did this mistake cost lebron and the calves game 1. jared max with highlights and which word crowned this young man's as spelling bee champion. can you spell it. we will tell you, u.s. stock, dow up 121, the s&p poised to open 12 and a half and the nasdaq up only 25. you're watching fbn:am. brighthouse financial allow you to take advantage of growth opportunities... with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield annuities from brighthouse financial- established by metlife. stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq

afford has work -- ford has worked with general motors on automatic motors in the past. rochelle: ge is dropping out of the dow industrial stock index. ge has been part of the firms that make out the index since 19 seven. by 50%re prices slumped in the past year. it is being replaced by walgreens. the company says the change will make the dow more representative of the consumer and health care sectors of the economy. rochelle: rail unions are continuening whether to striking. the reform has been approved by the french parliament. the industrial action is set to continue until next week. the union is split on whether or not it should go further. >> strike action since april after working conditions passed in parliament last week. unions disagreeing on how to continue. one of the four involved, they say they will stop strike action next week. >> radicalism does not pay and our view, for a union or politics. it does not achieve results. i do not want to comment on the position of other unionists. >> it is being joined by another union, which has decided not to the start of

at the wheel of the $123,000 car an exec from general motors. >> you are where you are now for one reasonne reason only. you are a loser. >> you are a loser. a gem from simon cowell, one of many, but are those a thing of the past? he's found a way to turn a frown upside down. he's happier than ever, and he's revealing the one thing that did it, and it's all in "the skinny" on this monday, june 4th. >>> from abc news, this is "world news now." >> wow. whatever that is, i mean, you, being somebody who's a curmudgeon, like debbie downer, you need something like that. >> i need that. >> just will not turn upside. maggie rulli here with us on a monday to bring us some cheer. but we're going to start on a slightly serious note. the severe weather problems throughout the country and the breaking news right now. >> american airlines jet on its way from san antonio to phoenix was damaged by hail during storm turbulence. it made an emergency landing in el paso. more than 130 people were on board. thankfully, no injuries were reported. >> severe storms are moving through the midatlantic region with

attention today is the fact that it will be built in mexico and for some point of reference, general motors exports out of its plants in mexico, up 39% this year. so the blazer is coming back and the uaw is not crazy about the fact that it's going to be built in mexico. guys, back to you. >> phil, i'm wondering people are talking about it. let's say you won european automaker. >> yeah. >> do you continue to emphasize u.s.-based production and get hit on the tariff going into china or work on production sux and get hit with a tariff coming into the u.s.? >> they're stuck, carl fact of the matter is that you can't just switch on a dime. you have built up your production of suvs, if you're mercedes in alabama. if you're bmw, you do that in south carolina that's locked in place there's no way you can turn on a dime and say okay, let's move suv production somewhere else so that we're not being hit as much and that's why the european stocks are under pressure. people are looking at the fact that they could get hit with retaliatory tariffs going into china and also with retaliatory tariffs from th

the old what is good for america is good for general motors. we have a difference of opinion. we had it when we were both sitting on the commission together. today, he is chairman. is reflecting his views. monday, june 11. what is the impact? mr. wheeler: when the net rules disappear, birds will still fly and chickens will lay eggs. monopolies will be told. it is fair to discriminate. if --uld not be surprised not overnight but over time, we begin to see internet services discriminate in a way that benefits their bottom line, rather than. the diversity of choices available. the opportunities available for innovators. tom wheeler was chair of the federal communications commission from 2013 to 2017. he has been our guest along with david mccabe. >> c-span. where history unfolds daily. 1979, c-span was created as a public service by america's cable television companies. we continue to bring you unfiltered coverage of the white house and public policy events around theon dc and country. c-span is brought to you by your cable or satellite provider. the u.s. north korea summit is se

account you will get in the exhibit called "america on the move," which you will find in the general motors hall of transportation, which they paid them to name after them, out of possible generosity or self-interest. i will give you a highly simplified, and for that reason, it could certainly be questioned, but i think the questions will stand up when it gets to the level of detail that i don't have time to get into. if i offer you this abbreviated account. the first obstacle to automobile predominance in american cities was the notion that people belonged in streets, as they did, and automobiles did not, as they did not. and that was the general consensus view of ordinary americans, as expressed in letters to the editor of newspapers, which were quite vocal. but also judges, juries, police officers, and even transportation experts. the first generation of traffic engineers in this country that dealt with street traffic, as opposed to real traffic, were also unanimous that the automobile is the wrong way to get around the city, and in fact, the single most predictable recommendation of tra

carol: in this week's issue, general motors signing a winning strategy in china.: that's right. i don't think many people have heard of it outside of china. carol: exactly. jason: first, we get to a really interesting story about a deal that died.