Afternoon Coffee: Fiat Chrysler to recall 700k cars amidst GM lawsuit; Interview with Jaggaer CEO; German Q3 exports to U.S. grew; Check out India’s big guns


Fiat Chrysler has announced its intention of recalling nearly 700,000 sport utility vehicles worldwide because a faulty electrical connection, reports Reuters. The latter may prevent engine starts or even lead to a stall. The recall covers 2011 through 2013 model year Dodge Durango and Jeep Grand Cherokee SUVs.

This comes amidst General Motors filing a racketeering lawsuit against Fiat Chrysler, accusing them “of bribing union negotiators to gain a competitive advantage,” according to the WSJ.

Exclusive interview with Jaggaer CEO Jim Bureau

In Part 1, Bureau discusses Jaggaer’s strengths as well as knowing market verticals, serving the Europe markets, and planning where Jaggaer will expand, in a Q&A with Jason Busch, Spend Matters founder and managing director of Nexus. In Part 2, Bureau discusses Jaggaer’s partner network and looks further into the company’s future to discuss what its products will look like and what the company hopes to accomplish.

Despite trade tensions, German exports to United States grew in Q3

Undaunted by increased import tariff threats by President Donald Trump, German exports to the U.S. registered strong growth in the third quarter, reports Reuters. Overall, exports grew 1.7% year-on-year in the third quarter after a 1.3% decline in the second, with the U.S. and France remaining Germany’s two biggest customers, data compiled for Reuters from the Federal Statistics Office showed.

Huawei to source parts with $10B from Japan following U.S. blacklisting

As U.S. blacklisting hits its supply chain, Huawei Technologies Co. Chairman Liang Hua said Thursday that the necessary parts will be procured from Japanese companies, to the tune of 1.1 trillion yen ($10 billion) in 2019, reports Asia Nikkei. The figure represents more than a 50 percent jump from the previous year. Japanese manufacturers have "various strengths" in components and materials used in telecommunication base stations and smartphones, Liang said in a group media interview in Tokyo, according to the article.

$1 billion worth of U.S. naval gun sales to India gets green light

The Economic Times reports that the U.S. had given its approval for the sale of 13 naval guns and related equipment worth $1 billion to India to help it "meet current and future threats.” Quoting the Defense Security Cooperation Agency, the report said the U.S. Congress has been notified of the sale of the anti-surface warfare and anti-air defense MK 45 5 inch/62 caliber (MOD 4) naval guns.

No longer a preferred supplier to Spend Matters...

The gig worker backlash has hit the transcription industry, as this New York Times piece highlights. Rev — which Spend Matters has used in the past to transcribe interviews and the like — is under fire by its workers and others after Rev cut pay for certain contractors more deeply compared to its already paltry rates, according to the article.

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  1. Jason Busch:

    Re: Rev. Any marketplace that takes more than a typical staffing firm mark-up is asking for push back …

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