January 23, 2021

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Rachel Wegner, Nashville Tennessean


16 mins ago









Nashville traffic: I-40 westbound closed near I-65 in North Nashville; vehicle overturned

Interstate 40 westbound in North Nashville is closed after a vehicle overturned Friday morning, according to the Tennessee Department of Transportation.



a blurry image of a busy city street at night: Interstate 40 westbound lanes are closed after a vehicle overturned early Friday morning.


© Tennessee Department of Transportation
Interstate 40 westbound lanes are closed after a vehicle overturned early Friday morning.

The wreck happened near the I-65 interchange and was reported at 6:15 a.m.

It was not immediately clear if there were injuries, or how soon lanes would reopen.

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This is a developing story. Check back for updates.

Find reporter Rachel Wegner at [email protected] or on Twitter @rachelannwegner.

This article originally appeared on Nashville Tennessean: Nashville traffic: I-40 westbound closed near I-65 in North Nashville; vehicle overturned

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An LG Electronics Inc. Chem battery which forms part of a Lightsource BP smart home solution sits in the loft of a residential property in Dorking, U.K., on Friday, May 3, 2019. Chris Ratcliffe/Bloomberg via Getty Images

Chris Ratcliffe | Bloomberg | Getty Images

South Korean battery makers LG Chem and SK Innovation are sparring over whether the U.S. International Trade Commission (ITC) should consider recent electric vehicle recalls in a trade secrets case.

LG Chem, an EV battery supplier for Tesla and General Motors, filed its trade complaints against SK Innovation last year in the United States. Alleging trade secret theft, LG seeks to block SK from producing battery cells in the United States and from importing the components necessary to make them.

SK has denied wrongdoing.

Last month, SK asked the ITC to consider that “LG Chem batteries have been involved in a series of fires and explosions, raising substantial public interest concerns.”

In the request, SK said General Motors and Hyundai Motor had each issued recent recalls for EVs with LG Chem batteries. The recalls “raise questions of public safety and underscore the critical need for SK batteries in the United States,” the company said.

It added the fires are “compelling grounds” not to impede SK’s ability to manufacture batteries at its U.S. plant.

LG Chem in a response filed Wednesday said the filing was “untimely and irrelevant” and should not factor in the ITC review “because the electric vehicle recalls cited by SKI do not impact future-year battery models and do not impact EVs with batteries manufactured in LG Chem’s Holland, Michigan plant.”

GM said last month it was recalling 68,677 EVs worldwide for high-voltage batteries after five reported fires and two minor injuries. In October, Hyundai recalled nearly 77,000 Kona EVs worldwide, saying possible defects in battery cells increased fire risks.

LG Chem, which split off its battery business renamed as LG Energy Solution this week, also said on Friday that it is voluntarily recalling its residential energy storage batteries in the United States over concerns of thermal issues after receiving five related reports.

“This is a free replacement of some of the batteries in residential energy storage system products that preemptively prioritize customer safety. We are currently working with related companies to determine the cause,” LG Energy Solution said in a statement to Reuters on Friday.

The ITC is expected to have a decision on the dispute between the two South Korean battery makers on Dec. 10. An adverse ruling could potentially cause setbacks for Volkswagen and Ford Motor as they move to build new electric vehicles using SK Innovation’s batteries and components.

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a truck that is sitting on the side of a mountain: Individual sensors working in perfect harmony make driving safer and easier on urban and rural roads.   *Preproduction computer-generated image shown. Available late 2020.


© Ford
Individual sensors working in perfect harmony make driving safer and easier on urban and rural roads. *Preproduction computer-generated image shown. Available late 2020.



a truck that is sitting on the side of a mountain: Individual sensors working in perfect harmony make driving safer and easier on urban and rural roads. *Preproduction computer-generated image shown. Available late 2020.


© Provided by Popular Science
Individual sensors working in perfect harmony make driving safer and easier on urban and rural roads. *Preproduction computer-generated image shown. Available late 2020.

Every year, driver-assistance technology grows more advanced. If you’ve driven a car made in the last few years, there’s a good chance you’ve experienced enhanced vision at nearly all angles thanks to a network of sensors that make up these systems. Whether you’re changing lanes on the highway, parallel parking, or backing out of a parking space in a crowded lot, these smart systems help you feel confidently in command.

Cars equipped with a blind spot information system were 14 percent less likely to be involved in a lane change crash when compared to cars of the same make and model not equipped with the technology, according to a 2018 study from the nonprofit Insurance Institute for Highway Safety. The same study suggests that if every car on the road were equipped with blind spot monitoring systems, more than 50,000 accidents could have been prevented. Automakers are paying attention—and these systems continue to get better as a result.

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Advanced driver-assistance systems and technology operate based on a network of sensors placed strategically all around the car. Available Ford Co-Pilot360™ Technology includes the Lane Keeping System and the Blind Spot Information System with Cross Traffic Alert, which can help detect and alert you to vehicles in your blind spots. There’s also Pre-collision Assist with Automatic Emergency Braking and Adaptive Cruise Control, just to name a few.



a man driving a car: Available Active Drive Assist with hands-free driving in action in the new Mustang Mach-E. *Preproduction screens shown are simulated and subject to change.


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Available Active Drive Assist with hands-free driving in action in the new Mustang Mach-E. *Preproduction screens shown are simulated and subject to change.

The technology is continually evolving, with the new Mustang Mach-E set to feature optional new driver-assist features* like Available Active Drive Assist, which** allows drivers to operate their vehicles hands-free while a driver-facing camera monitors you to make sure you’re keeping your eyes on the road. Drivers can use this feature on more than 100,000 miles of North America’s Hands-Free Zones, basically prequalified sections of divided highways.

As sensor systems continue to evolve, each will play a role in the system, collectively taking in constant stimulus from the road and world around the car—whether it’s a passing truck or daredevil driver making an ill-advised lane change. The information is gathered and processed before a human may have noticed.

But if the sensors are obstructed, the system can’t do its job.

“Over the last few years, Ford has been conducting some serious research into making sure our self-driving vehicles can always see the world around them, no matter what may try to get in the way,” says Venky Krishnan, Autonomous Vehicle Systems Supervisor at Ford. The company conducted countless tests for rain, dust,

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KALAMAZOO, MI — A two-vehicle crash Thursday morning in Kalamazoo resulted in a man being extricated from his vehicle and taken to the hospital where he is in serious condition.

The crash occurred at 11:45 a.m., Thursday, Dec. 3 at the intersection of South Westnedge Avenue and West Lovell Street, prompting a shutdown of South Westnedge between West Lovell and South streets.

Arriving officers located an unconscious male entrapped in one vehicle, a news release from Kalamazoo Public Safety states. After being extricated from the vehicle, the man was transported to Bronson Methodist Hospital by Life EMS for serious, but non-life-threatening injuries.

The driver of the second vehicle was uninjured, officers said.

Anyone with information regarding this incident is encouraged to contact the Kalamazoo Department of Public Safety at 269-337-8140, Silent Observer at 269-343-2100 or report online at www.kalamazoosilentobserver.com. The cause of the crash is still under investigation.

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LONDON (Reuters) – Former London Stock Exchange boss Xavier Rolet has joined a newly-launched “blank check” company that is hunting for technology deals across Europe under the leadership of ex Barclays banker Makram Azar.

FILE PHOTO: Xavier Rolet in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Mike Blake/File Photo

The special purpose acquisition company, named Golden Falcon Acquisition Corp, will be listed on the New York Stock Exchange with a fundraising goal of $250 million (187 million pounds), a filing to the U.S. Securities and Exchange Commission (SEC) showed.

So-called blank check companies are shell vehicles that raise cash on the stock market and hunt for a private company to take public.

Rolet, who left the LSE in 2017, will serve as an independent director of the new vehicle, the SEC filing showed.

Lebanese-born Azar – a 53-year old former KKR managing director who spent a decade at Barclays in senior executive roles – will serve as chief executive of Golden Falcon, while former Investcorp Europe CEO Scott Freidheim will become the company’s chairman.

Golden Falcon will focus primarily on companies in Europe providing a wide spectrum of technology expertise.

“While we may pursue an initial business combination with any target business and in any sector or geographical location, we intend to focus our search on companies operating in the technology, media, telecommunications and fintech sectors,” the filing said.

Azar has been eyeing technology investments since he left Barclays in 2019, where he was chairman of banking for EMEA and also leading Barclays Bank PLC in the Middle East and North Africa.

Last year he launched his own private investment and advisory group, Full Circle Capital.

Other directors who joined Golden Falcon’s board include Eutelsat Communications chairman Dominique D’Hinnin and Mikael Breuer-Weil who co-founded investment management boutique Marylebone Partners in 2013.

The special purpose acquisition company is offering up to 28.7 million units – inclusive of a greenshoe option – at $10 apiece. Each unit consists of one share of common stock and half a warrant, exercisable at $11.50.

UBS, Moelis and EarlyBirdCapital Inc are working on the deal.

Reporting by Pamela Barbaglia. Editing by Jane Merriman and Mark Potter

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InvestorPlace – Stock Market News, Stock Advice & Trading Tips

The electric vehicle (EV) boom is accelerating, which means that electric vehicle stocks are soaring.

In fact, over the past several weeks:

  • Tesla (NASDAQ:TSLA) ran from $200 to $590
  • Nio (NYSE:NIO) ran from $10 to $57
  • Li Auto (NASDAQ:LI) ran from $15 to $47
  • Workhorse Group (NASDAQ:WKHS) ran from $4 to $29
  • Nikola Corp. (NASDAQ:NKLA) ran from $18 to $28

From here, all could race even higher for three key reasons.

One, according to a new study from the Boston Consulting Group, by 2025, EVs could account for a third of all auto sales. By 2030, EVs could surpass internal combustion engine vehicles with a market share of 51%.

Two, Joe Biden is a fan of electric vehicles. That said, he noted on his site:

“There are now one million electric vehicles on the road in the United States. But a key barrier to further deployment of these greenhouse-gas reducing vehicles is the lack of charging stations and coordination across all levels of government. As President, Biden will work with our nation’s governors and mayors to support the deployment of more than 500,000 new public charging outlets by the end of 2030.”

Three, countries around the world are pushing EVs.

In Europe, for example, “Automakers need to sell more electric vehicles after EU lawmakers in December 2018 ordered them to cut CO2 emissions by 40 percent between 2007 and 2021, and then by a further of 38 percent by 2030, or face fines,” as noted by Reuters.

Moreover, General Motors (NYSE:GM) just announced that it will invest $2.2 billion in U.S. manufacturing to increase EV production. GM is also planning to unveil about 20 new EVs around the world by 2023, including the GMC Hummer EV.

With that said, there’s still time to invest in related EV stocks. And these are five that stand out:

  • Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)
  • Tesla (TSLA)
  • Nio (NIO)
  • Li Auto (LI)
  • Workhorse Group (WKHS)

Now, let’s dive in and take a closer look at each one.

Electric Vehicle Stocks to Buy: Global X Autonomous & Electric Vehicles ETF (DRIV)

electric vehicles charging at a charging station. electric vehicle stocks

Source: Scharfsinn / Shutterstock.com

One of the best ways to diversify your EV portfolio is with an ETF, such as DRIV. Not only does this ETF give investors exposure to EV and autonomous stocks, such as Tesla, Nio, Qualcomm (NASDAQ:QCOM), Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Advanced Micro Devices (NASDAQ:AMD) and Toyota Motor (NYSE:TM), it does so at less cost.

For example, if you were to buy 10 shares of every listed stock, it would cost thousands of dollars. But with this ETF you can gain exposure at just $22 per share.

Tesla (TSLA)

A black Tesla (TSLA) Model S is parked between rows of charging stations.

Source: Grisha Bruev / Shutterstock.com

The last time I weighed in on Tesla, the EV stock traded at $717 per share before

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Surging sales in electric cars have encouraged investors to bet on a rebound in the lithium market, setting off a dizzying rally in equities linked to the raw material.

Lithium-related stocks have been on a turbocharged run in recent weeks, encouraged by a growing number of cars rolling on to the roads of Europe and China. Shares in Albemarle, the world’s largest producer of the battery raw material, have soared more than two-thirds since their September low. Over the same period, Australia’s Pilbara Minerals has doubled in value.

The sector’s momentum has been encouraged by its association with the green agenda, an increasing focus of investors and governments, as well as one of the hottest market stories of 2020 — the almost 600 per cent share price rise of carmaker Tesla, which uses the material in its batteries.

The recent move reflects growing optimism about the mass market penetration of electric cars that use lithium in their batteries, say fund managers. Sales of electric vehicles and plug-in hybrids are expected to rise 28 per cent this year to 2.78m vehicles, according to consultancy Rho Motion. European sales are expected to creep past those of China, helped by subsidies in Germany and France.

“The stock market is always a forecasting animal . . . but it has a high-powered set of binoculars on at the moment,” said Will Smith, co-founder of Westbeck Capital Management in London. “Clearly, EV demand has surprised everyone to the upside this year and that is going to continue given the shift by governments to greener forms of transport as a way of stimulating economies.” 

Bar chart of million units sold since 2018 showing that sales of electric vehicle are on the rise

The shift in sentiment follows a three-year downturn in lithium prices caused by an oversupply of the raw material from new mines. Now, lithium prices may have bottomed, especially in Australia, the world’s largest producer. From a peak of more than $900 a tonne in 2018, prices for Australia’s lithium-containing spodumene rock have fallen to $375 a tonne — below the level where most mines can make money.

But prices were flat in October, according to Benchmark Mineral Intelligence, a consultancy. At the same time, domestic Chinese prices for lithium carbonate, a processed form of the raw material that is used in batteries, rose almost 1 per cent.

Wang Xiaosheng, chief executive of China-based lithium producer Ganfeng Lithium, said the price rise was driven by growing EV sales as well as growth in consumer electronics such as laptops as more people work from home due to Covid-19. Tesla last year opened a factory in Shanghai that produces its Model 3 vehicle, some shorter-range versions of which use lithium carbonate.

Line chart of lithium carbonate, global weighted average, $ per metric tonne, showing that lithium prices have slumped in recent years

Tesla’s chief executive Elon Musk said last month that the carmaker’s new factory in Berlin would expand to produce as much 250 gigawatt-hours of batteries a year — equivalent to about half of this year’s global production capacity.

Tesla’s stunning share price rally this year has lifted its market value to more than $500bn. Investors who had backed the company, and other high-flying

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FRESNO, Calif. — A child was killed on Tuesday night after a train struck a vehicle the family was in while waiting to drive through a popular local Christmas lights display, according to multiple Californiamedia outlets. 

The incident happened around 5:40 p.m. while the family was waiting to drive through Christmas Tree Lane in Fresno, ABC30 reported. 

Police said four people were in the car, which was stopped on the train tracks while waiting to turn, according to ABC30. 

“Unfortunately, as a result of the impact of the train colliding with the vehicle, a small child was ultimately killed,” Lt. Andre Benson told KSEE-TV. “We have investigators from the traffic unit on the scene right now trying to determine exactly how the vehicle became stuck on the tracks.”

The three other occupants of the vehicle suffered minor injuries, police said. 

Trains in the heavily populated residential area typically move at a slow rate of speed, but traffic is frequently bumper-to-bumper around Christmas Tree Lane.

Tuesday was opening night of the 98-year-old Christmas Tree Lane, which attracts thousands of families to see the more than 100 decorated homes and 300 Christmas trees along the stretch of Van Ness Boulevard between Shields and Shaw avenues.

Due to the COVID-19 pandemic, people could only see the displays while in a car this year.

Follow James Ward on Twitter: @VTDChoices.  

Read or Share this story: https://www.usatoday.com/story/news/nation/2020/12/01/christmas-tree-lane-child-killed-train-hits-car-california/3790660001/

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State officials released video Wednesday that partially captures a Clifton police vehicle hitting a woman who later died.

The footage was taken last month from the porch of a home near the accident. It captured audio of screeching brakes and a crashing sound, and shows the vehicle come to a sudden stop next to a house, lights still flashing.

Neither the driver, officer Garrell Middleton, or the 65-year-old pedestrian, who was not identified, are visible.

The state attorney general’s office is required to investigate every time somebody dies after an encounter with police. A grand jury will eventually review the case to decide if Middleton did anything wrong, but the pandemic has halted juries.

Officials regularly release video of police custody deaths during the investigation, but recent releases from Voorhees, Ventnor, Asbury Park and Trenton were all taken from body worn cameras.

Clifton is one of the majority of New Jersey departments that still do not have body cameras. The agency also does not have dashboard cameras, according to Clifton Det. Lt. Robert Bracken, although they are in the process of getting body cameras.

In an email, Bracken declined to comment on the accident.

Around 7:11 p.m. on Oct. 22, Middleton was driving to a “crime in progress,” officials previously said.

The woman was hit at the intersection of Allwood Road and Brookwood Road, according to a press release.

Middleton gave “medical aid” to the woman, officials said. Paramedics took her to St. Joseph’s University Medical Center in Paterson, and she was pronounced dead at 7:42 p.m.

The footage released Wednesday was previously provided to a representative for the victim and her family, officials said.

Other video from that night exists, but the clip released was the only one that captured the incident, according to the press release.

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VIENNA TOWNSHIP, MI — One person died and two others were injured Monday afternoon following a four-vehicle crash in northern Genesee County that police say was caused by distracted driving.

The crash occurred around 4:30 p.m. Monday, Nov. 30 at the intersection of Vienna and Linden roads in Vienna Township, northwest of Flint.

One of the drivers involved was headed east on Vienna Road and set to make a left turn, Genesee County Sheriff Chris Swanson said during a Wednesday, Dec. 2 news conference.

A Chevrolet Equinox behind the vehicle stopped, but a third vehicle driven by a 51-year-old Detroit man rear ended the Equinox, pushing it into the westbound lane of traffic.

A fourth vehicle hit the Equinox, injuring a passenger, 74-year-old Clio resident Larry Haughton.

Haughton was pronounced deceased on the way to the hospital, Swanson said.

Two other people involved in the crash were transported to Hurley Medical Center in Flint with minor injuries and later released.

The Detroit man — who did not stop for the turning car — was not paying attention at the time of the crash, Swanson said.

“We believe this incident was caused by distracted driving,” he noted. “There was no alcohol, no speed (involved).”

The sheriff’s office will present its findings to the Genesee County Prosecutor Office’s for review in the coming weeks upon completion of its investigation.

“I just ask that: one, you pray for the family of the 74-year-old gentleman who lost his life, but you also have conversations with your loved ones… It only takes one second to save someone’s life,” said Swanson.

The Michigan State Police, Clio Area Fire Department and Mt. Morris Township Police Department and Clio City Police Department assisted deputies at the scene.

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