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S&P/ASX 200 slips as RBA holds cash rate at 0.1%; bond purchases to continue at a reduced rate

S&P/ASX 200 slips as RBA holds cash rate at 0.1%; bond purchases to continue at a reduced rate
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Former Shell President Passes Away


Former Shell Oil President John Hofmeister has passed away, Shell US tweeted Tuesday evening.
John Hofmeister, who worked at Shell (NYSE: RDS.A) for more than a decade and served as president of Shell Oil Co. in Houston from 2005 to 2008, has passed away, Shell US tweeted Tuesday evening.
SOURCE: twitter.com/Shell US
According to a written statement Monday from ioneer Ltd. (ASX: INR), a metals and mining firm for which Hofmeister served as a non-executive director, the former Shell executive died after a brief illness.
“John brought energy, intellect, and deep experience to our company,” remarked James D. Calaway, executive chairman of ioneer, which is developing a lithium-boron project in Nevada. “His years at GE (NYSE: GE), AlliedSignal and Royal Dutch Shell … allowed him to have a profound impact on ioneer’s development and culture. Much of John’s professional expertise was gained through serving the organizations he worked for at the most senior hum ....

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Auto Industry Peers into an Electric Future and Sees Bumps ahead – Advanced BioFuels USA


by Steven Mufson (Washington Post)  …  (T)he question is not, ‘Can we sell to the wealthy?’ It is, ‘Can we get the everyday household in mainstream America to buy an EV?’ and we’re still a long way away from that.”
Meanwhile, he (David R. Keith, a Chevy Bolt owner and assistant professor at the Sloan School of Management at the Massachusetts Institute of Technology) added, the cars on the road today will be on the road for the next 15 to 20 years. “There is so much inertia baked into those 250 million light-duty vehicles,” he said.
The biggest companies, like GM, have not gotten off to a strong start. ....

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Carmakers struggle with batteries, software, convenience and customer preferences

The global automobile industry is peering into an electric future, possibly the most profound turning point in a century, certainly since the 2009 financial crisis. But there are many bumps in the road ahead. The carmaker of the future will have to be as much a battery or software company as it is an engineering company, and several of the biggest companies are already stumbling over that, for cultural and technical reasons alike. ....

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