Stark warning for Canada's auto industry, Musk says Tesla was sabotaged, and more top news

Stark warning for Canada's auto industry, Musk says Tesla was sabotaged, and more top news

The news Canadian professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.

The Canadian auto industry could lose 160,000 jobs due to U.S. auto tariffs, according to a TD Bank report. Within a year of being implemented, the 10% tariff on vehicle parts and 25% tariff on assembled vehicles could cost the Canadian economy about 0.4% of GDP growth. Almost half of the 17 million new vehicles sold in the U.S. last year were imported — and half of those cars were made in Canada or Mexico.

Tesla CEO Elon Musk told his employees that the carmaker was the victim of sabotage, reports CNBC. In an email, Musk said an employee within the electric vehicle company conducted "quite extensive and damaging sabotage.” The acts included changing internal operating system code and releasing data. Musk announced last week that Tesla is cutting 9% of its workforce. ? Here’s what people are saying.

Both sides of the political divide are joining forces to pressure the Trump administration to stop separating migrant children from their parents. The U.N. human rights chief joined notables such as former first lady Laura Bush, as well as media mogul Rupert Murdoch and a groundswell of bipartisan congressional opposition in calling for an immediate end to the so-called zero-tolerance policy, in which parents who enter or attempt to enter the U.S. illegally are held and separated from their children. Immigration authorities have detained almost 2,000 children in the past six weeks. ? Here’s what people are saying.

Audi’s CEO has been arrested and jailed by German authorities in connection with Volkswagen’s emissions-cheating uproar. Rupert Stadler is “the highest-ranking Volkswagen executive still in his post to be identified as a suspect,” in a scandal in which Volkswagen and Audi were accused three years ago of placing devices in their diesel cars to cheat emissions tests, resulting in hundreds of thousands of cars being recalled globally. The investigation into the so-called “dieselgate” has been led jointly by the U.S. and Germany. Audi announced the appointment of sales executive Abraham Schot as interim CEO. ? Here’s what people are saying.

Online survey company SurveyMonkey reveals it has confidentially registered for an initial public offering with the SEC. SurveyMonkey, which sought the IPO through its parent company SVMK, has not yet determined the number of shares or proposed price range for the offer. It last raised money in 2014 at a $2 billion valuation; now it’s the latest in what TechCrunch calls “a wave of enterprise IPOs in the past six months or so,” citing Dropbox and DocuSign, both valued at more than $10 billion. SurveyMonkey has 3 million daily users. ? Here’s what people are saying.

Idea of the Day:  A mentor-mentee relationship can be invaluable, but it doesn’t have to be a formal process. You can constantly find people to learn from, says Herjavec Group founder and Shark Tank star Robert Herjavec.

“Ask questions, listen, and recognize that learning opportunities are all around you.”

What's your take on today’s stories? Share your thoughts in the comments.

Carmel Melouney and Jessica Hartogs

Jennie Thom

Consultant at Pampered Chef Canada

6 年

This needs to get sorted out.

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Thanee D.

Internal Auditor I ICFR (SOX) Compliance I Data Analytics I Trusted Advisor

6 年

.lg Z

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