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☆ Buick, GM’s low-key pseudo-luxury brand, is suddenly hot
▼ + stars: | 2024-04-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

In the 21st Century, though, Buick, which celebrates its 125th anniversary this year, has been a quiet spot in GM’s North American brand strategy. Last year, Buick sales rose more than 60% in the US compared to 2022. The Buick Envista introduced last summer is, essentially, a modified version of the well-received Chevrolet Trax, GM’s cheapest crossover SUV. The 1938 Buick Y Job is generally considered the auto industry's first "concept car." Last year, Avenir models, which get some fancier interior materials, more features, and distinctive paint colors, made up almost a third of Buick sales, the highest levels yet, Aldred said.

Persons: Louis Chevrolet, “, it’s, ”, Ivan Drury, Jason Barlow, Envista, Bob Boniface ,, Duncan Aldred, Drury, It’s, Buick, that’s, Aldred Organizations: CNN, Buick, GM, Riviera, Chevrolet Trax, GMC, Chevy, Cox Automotive, Cadillac, General Motors, Liverpool Locations: GM’s, China, the, America, Europe

The Russian war machine is running at full tilt and has a much larger pool of men to draw from than Ukraine to replenish its ranks. Zelensky said he and Zaluzhnyi had a “frank discussion about what needs to be changed in the army. Frontline units in several vulnerable areas told CNN in recent weeks that they were often chronically short of ammunition, particularly Western 155mm artillery shells. The Russian military continues to make mistakes, but it is learning and adapting, especially in the exploitation of attack and reconnaissance drones and electronic warfare. The Russian military has also exploited glide technology to deliver aerial bombs more accurately, one reason that the Ukrainian offensive in the south faltered last summer.

Persons: Volodymyr Zelensky, Valerii Zaluzhnyi, Zaluzhnyi, Zelensky, Oleksandr Syrskyi, Syrskyi, Volodymyr Zelenskiy, ”, Matthew Schmidt, ” Schmidt, Frontlines, Diego Herrera Carcedo, “, Kyrylo Budanov, Schmidt, Vadim Ghirda, Dmytro Kuleba, Budanov, Valerie Zaluzhnyi, ’, Serhii Naiev, Zaluzhnyi’s, Putin, Vladimir Putin, Donald Trump, Mick Ryan, –, Zaporizhzhia, Maxym, it’s Organizations: CNN, Presidential Press Service, Reuters, International Affairs, University of New, Getty, Ukrainian Military Intelligence, Biden, EU, Ukrainian, Russian, Ukrainian Armed Forces, Ukraine Gold Star, Ukrainian Presidential Press Service, Ukraine’s Joint Forces, St, Budanov, Security Service, US Naval Institute ., Hungary Locations: Kyiv, Russia, Donetsk, Kharkiv, Russian, Ukraine, Kupiansk, University of New Haven , Connecticut, Avdiivka, Anadolu, Zelensky, St Petersburg, Volgograd, Crimea, ”, US Naval Institute . Ukraine, Australian, Ukrainian

☆ South African innovator’s medicine-dispensing lockers win prestigious prize
▼ + stars: | 2024-02-01 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

London CNN —A South African entrepreneur who designed a smart locker system that improves access to healthcare has won a major award for African engineering. In June, the usual iteration of the Africa Prize will also go ahead, during which four finalists will battle it out for a £25,000 ($31,600) prize. “There isn’t enough funding available for African startups,” she tells CNN. “We don’t want all the funding to come in the form of grants, as we see in the Africa Prize. We want investors to start to believe that they can also make money by investing in African startups.

Persons: Pelebox, King Charles III’s, Anne, James Oatway, Royal Academy of Engineering Hutiri, ’, ”, Aisha Raheem, Farmz2U, Samuel Njuguna, Rebecca Enonchong, It’s, That’s, “ Organizations: London CNN, UK’s Royal Academy of Engineering, Africa, Engineering Innovation, Academy, SMS, Royal Academy of Engineering, “, CNN, Chura, The Academy Locations: African, London, South Africa, Namibia, Botswana, Africa, Nigerian, Kenya, Nigeria, Egypt

☆ Copper is critical to energy transition. The world is falling way behind on producing enough
▼ + stars: | 2023-09-27 | by ( Bob Woods | ) www.cnbc.com time to read: +8 min

watch nowIn the meantime, copper customers, in anticipation of shortages, are either delaying clean energy projects or reducing their need for copper, an economic principle known as demand destruction. Among other actions, it would dismantle most of the clean energy projects initiated by the Biden Administration. At that point, the consensus was that there would be a major copper supply response. That's presented the industry with a whole new era of copper demand, Adkerson said. China's economy has slowed, while those in the U.S. and Europe are striving to transition to clean energy.

Persons: Wood Mackenzie, Nick Pickens, we've, we're, Tesla, eyeing, Rishi Sunak, Richard Adkerson, he's, Adkerson, That's, Clayton Walker, Matt Murphy, Murphy, Walker Organizations: Polska Miedz SA, Bloomberg, Getty, EV, P, International Energy Agency, Heritage Foundation, Republican, Biden Administration, Phoenix, Resources, Freeport, Afp, Rio, Barclays, Rio Tinto, Caterpillar Locations: Glogow, Poland, Wood, EVs, McMoRan, Freeport, China, U.S, Europe, Papua, Freeport's Indonesia, Rio Tinto, Mongolia, Salt Lake City , Utah, Indonesia, Rio

☆ Zero Carbon Capital just reached third close on its $37 million fund dedicated to hardware and science-based companies. We got an exclusive look at the LP deck it used to raise from Isomer and Extanti
▼ + stars: | 2023-04-14 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Zero Carbon Capital reached third close on its £30 million ($37 million) fund. We got an exclusive look at the 10-slide LP deck the climate tech firm used to raise the funds. UK-based Zero Carbon Capital has closed £13 million, around $16.2 million, of its £30 million, about $37.5 million, second fund. Zero Carbon Capital wants to be the first check to lead pre-seed and smaller seed rounds, with tickets ranging £100,000 to £1 million. Isomer has previously backed hardware funds but Zero Carbon Capital is its first dedicated climate fund.

☆ Analysis: In China, Tesla could win electric vehicle price battle – but lose the war
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +7 min

[1/5] Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. REUTERS/Florence LoSummarySummary Companies Tesla price cuts have jumpstarted sales in world no. Most immediately, Tesla's January price cuts drove deliveries of its China-made vehicles up 18% from December. From 15% in 2020, its share of the China EV market fell by a third to just 10% in 2022, according to data from the CPCA. After the latest price cuts, the Model 3 starts at about $34,000 and the Model Y at $38,000.

☆ Tesla cuts prices in China for second time in three months as demand slows
▼ + stars: | 2023-01-06 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Tesla has slashed car prices in China for the second time in less than three months, in an effort to boost sales amidst slowing demand in the world’s largest car market. The electric vehicle maker cut prices for all versions of its China-made Model 3 and Model Y on Friday, according to its website. This is the second price cut since October 24, when Tesla (TSLA) reduced the prices of Model 3 and Model Y by as much as 9.4%. “Tesla’s price cuts are backed by innumerable engineering innovations,” said Grace Tao, Tesla’s vice president for external relations in China, on her Weibo account on Friday. Tesla’s price cuts come days after Beijing ended a 13-year-long subsidy for electric vehicle purchases on December 31, a move that is expected to put further pressure on car demand.

☆ Space tech startups fall out of VC orbit
▼ + stars: | 2022-10-18 | by ( Akash Sriram | ) www.reuters.com time to read: +2 min

Oct 18 (Reuters) - Space technology startups are being forced to limit their sky-high ambitions, as their venture-capital backers turn to safer bets due to the current economic turmoil, VC firm Space Capital said. Investments in space technology companies, which collect, process and analyze space-related data, have fallen 80% in the third quarter to about $1 billion from nearly $5 billion in the year-earlier period, Space Capital said in a report. VC investment volume in space companies fell 44%, compared with a broader market decline of 31%, it added. VC firms "are looking to reduce their exposure to capital intensive companies with low or long-term profitability models," Space Capital's managing partner, Chad Anderson, told Reuters. Many investors who explored aerospace last year have backed away, said William Kowalski, co-founder of Atomos Space, which makes spacecraft that help satellites maneuver in space.

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