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☆ Eric Schmidt was supposed to buy a yacht once owned by a Russian oligarch. Here's the one he bought instead.
▼ + stars: | 2024-05-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Eric Schmidt backed out of buying the Alfa Nero megayacht last year. The ship — one of the biggest yachts owned by a tech billionaire —was listed for about $161 million. AdvertisementLast year, Eric Schmidt made waves in the yachting community when news came out that he was the soon-to-be owner of the Alfa Nero, an 81-meter megayacht that belonged to a sanctioned Russian oligarch. But as the sale proceedings went on, legal challenges piled up as people laid claim to Alfa Nero, and Schmidt backed out of the deal. In September 2023, just three months after he won the Alfa Nero auction, the billionaire purchased Kismet, renaming her Whisper, Business Insider has learned.

Persons: Eric Schmidt, Alfa Nero megayacht, Shahid Khan, —, Alfa Nero, Schmidt, Marcus Brandt, Shahid Khan — Organizations: Alfa, Service, Google, Bloomberg, Getty, Jacksonville Locations: Russian, Antigua, Barbuda, Russia, Ukraine, Caribbean

☆ Massachusetts woman beats incredible odds to win $1 million lottery prize twice in 10 weeks
▼ + stars: | 2024-05-05 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Christine Wilson from Massachusetts won her second $1 million lottery prize within 10 weeks. AdvertisementA woman has claimed her second $1 million lottery prize within 10 weeks, playing the Massachusetts State Lottery. Wilson's first $1 million prize was from Dubs's Discount Liquors, also in Mansfield. New Jersey native Evelyn Adams also won the lottery twice — in 1985 and 1986, earning her a total of $5.4 million. The odds of winning the lottery twice are 283 billion to one, according to UK National Lottery operator Camelot.

Persons: Christine Wilson, —, Wilson, Stuart C, aren't, Kevin Miller, Kenneth J Stokes, David, Kathleen Long, Evelyn Adams, didn't sate Adams, Juan Hernandez, he'd Organizations: Massachusetts, Service, Massachusetts State, Massachusetts State Lottery, Juan Hernandez of, New York, UK National Lottery, Camelot Locations: Attleborough , Massachusetts, Mansfield, Liverpool, Massachusetts, . New Jersey, Juan Hernandez of Nassau County , New York

☆ It's easy to bash tech, but I've started taking robotaxis — and they're awesome
▼ + stars: | 2024-04-15 | by ( Peter Kafka | ) www.businessinsider.com time to read: +9 min

Unlike other hyped-up tech, self-driving taxis look like they could be the real thing. Which is exactly how I felt after my last trip to San Francisco, when I took several rides in Waymo's robotaxis. AdvertisementWe've heard about self-driving taxis forever, but they're just starting to become a reality. AdvertisementWaymo self-driving taxis are kitted out with cameras and other sensors, like this Jaguar model crossing an intersection in San Francisco. Waymo's self-driving cars aren't perfectYes, there are still some issues with Waymo, at least in the rides I took recently.

Persons: —, Waymo, We've, they're, Cruise, I'm, JASON HENRY, David Margines, honking, Mario Tama, Margines, Dmitri Dolgov, PyPqVaOc6B, Elon Musk, Musk Organizations: Service, Software, Google, San Francisco International Airport, Austin, Amazon, Warriors, Chase, Big, Elon Locations: San Francisco, Phoenix, Waymo's, Oakland, Los Angeles

☆ How car buyers thinking hybrid over EV should make the decision
▼ + stars: | 2024-04-07 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

And what would the upfront costs be to upgrade your system to allow for faster charging, if desired? Do the math on upfront cost, EV vs. hybridIf it's still a toss up between an EV and a hybrid, next consider upfront costs. By contrast, the average starting price for a hybrid car is $33,214, according to iSeeCars.com, a car search engine. Search for available auto rebates and incentivesIf you're leaning toward an EV, but still find the upfront cost daunting, look for possible rebates. He points to a study by Argonne National Lab that shows scheduled maintenance costs per mile are significantly lower for an EV versus a traditional hybrid or plug-in hybrid.

Persons: you've, Aston Martin, Sandeep Rao, there's, Rao, Steve Christensen, Maxwell Woody, Woody, Albert Gore, ZETA Organizations: Ford, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, Gallup, New York, EV, Chevrolet, Department of Energy, Battery Coalition, Progressive Casualty Insurance Company, of Michigan, University of Michigan, Argonne National Lab, Honda Locations: U.S, California, Florida, Texas

☆ Waymo self-driving cars are delivering Uber Eats orders for first time
▼ + stars: | 2024-04-03 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Two Waymo autonomous vehicles drive themselves down Central Avenue in Phoenix, Arizona, U.S., March 18, 2024. For Uber Eats, Phoenix is the seventh site with autonomous deliveries, but the first location where the delivery app will use Waymo's vehicles. Uber Eats has already teamed up with robotics companies Cartken, Motional, Nuro and Serve Robotics to pilot autonomous deliveries in other markets . Uber Eats customers may start receiving orders delivered by a Waymo self-driving car for the first time in the Phoenix metropolitan area. Uber Eats users in areas serviced by Waymo can opt to have their items delivered by a courier.

Persons: Uber Organizations: Robotics, Waymo, CNBC, PACE Locations: Phoenix , Arizona, U.S, Phoenix, Arizona, Chandler, Mesa, Tempe, Los Angeles, San Francisco

☆ I owned the Fisker Ocean. It was a nightmare.
▼ + stars: | 2024-03-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +7 min

Earlier this year, YouTuber Marques Brownlee said the Fisker Ocean was the "worst car I've ever reviewed." I thought the Fisker Ocean was a great option, based on the price and a nice marketing message around the sustainability of the vehicle. I reported the issue to Fisker right away and I struggled to get them to come out and service it. FiskerAt first, Fisker sent out a roadside assistance guy to jump the car and the car wouldn't jump. Regarding the owner's seat-sensor issue, the Fisker spokesperson said the seat sensor was a "routine fix for some early vehicles."

Persons: YouTuber Marques Brownlee, he'd, Brownlee, Fisker, —, Elon Musk, they'd, It's, wasn't, I'd, YouTuber Marques Organizations: Service, Business, PACE, Magna Locations: Carmax

☆ Fisker shares halted as EV company navigates uncertain future
▼ + stars: | 2024-03-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Shares of Fisker, a California-based electric vehicle startup, were halted Monday. Its sole product, the Fisker Ocean electric SUV, was produced in Austria under contract by third-party manufacturer Magna Steyr. Last year, 10,000 SUVs were produced but, in its earnings report, the company said only about half had been delivered to customers. The video was titled, “This is the Worst Car I’ve Ever Reviewed.”“Do not buy this version of the Fisker Ocean,” reads the video’s description. But, besides its own quality issues, Fisker had to deal with much greater competition from established automakers than had existed when the company was established.

Persons: Fisker’s, Fisker, Henrik Fisker, Marques Brownlee, ” Organizations: CNN, Reuters, Nissan, Magna Steyr, Mercedes, BMW, EV, American YouTube, Consumer, Automotive News, Hyundai, Kia, Ford, General Motors Locations: California, Alaska, Austria, Ohio, American

☆ EV euphoria is dead. Automakers trumpet consumer choice for U.S. car shoppers
▼ + stars: | 2024-03-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Andrew Merry | Moment | Getty ImagesDETROIT — The buzz around electric vehicles is wearing off. U.S. EV sales were a record 1.2 million units last year, representing 7.6% of the overall national market, Cox Automotive estimates. "Moving on to less tech-savvy buyers will slow the EV market share growth over the next few years." Automakers wanted to emulate Tesla's success, with some promising to exclusively offer EVs in the not-too-distant future. "Toyota is almost completely absent from the [battery electric vehicle] market yet will gain more U.S. market share than any other car company this year.

Persons: hasn't, Andrew Merry, Aston Martin, Tesla, Elon Musk, Marin Gjaja, Ford, Pablo Di Si, Sam Fiorani, Romeo, Bentley, Mary Barra, there's, Cadillac, John Roth, We've, Gjaja, Jim Farley, Rebecca Cook, Oliver Blume, Akio Toyoda, Morgan Stanley, Adam Jonas, It's, Biden, Cox, Michelle Krebs, EVs, Trisha Jung Organizations: DETROIT, EV, Ford Motor, General Motors, Mercedes, Benz, Volkswagen, Jaguar, Rover, CNBC, GM, Hyundai Motor, Kia, Toyota Motor, VW, U.S, Cox Automotive, AutoForecast Solutions, Volvo, Buick, Cadillac, Honda, Ford Motor Co, Ford, Amperex Technology, Toyota, Cox, Tesla, Nissan, Nissan U.S, Environmental Protection Agency, Alliance for Automotive Innovation, American Automotive, Detroit automakers Locations: EVs, Europe, U.S, North America, Warren , Michigan, Detroit, Marshall , Michigan, Romulus , Michigan

☆ EV maker Fisker’s stock dives after company reportedly explores bankruptcy
▼ + stars: | 2024-03-13 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Electric vehicle company Fisker’s stock plunged more than 40% in after-hours trading on Wednesday as investor concern about the company’s ability to stay in business intensified. The Ocean is built in Austria by Magna, a company that has also built vehicles for Mercedes-Benz, BMW and Jaguar. Brownlee’s video has racked up more than 4.5 million views so far and sent the stock plunging after its release. Fisker’s stock was trading at 32 cents a share at the close of trading Wednesday, a more than 80% decline since the start of 2024. Fisker is founder Henrik Fisker’s second car company.

Persons: Fisker, Marques Brownlee, madeh, ”, Henrik Fisker’s, Hurricane Sandy Organizations: CNN —, Wall Street, Magna, Mercedes, Benz, BMW, YouTube, Fisker Automotive, Hurricane Locations: Austria, American

☆ EV maker Fisker says it may go out of business
▼ + stars: | 2024-03-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

New York CNN —Fisker, the electric vehicle company founded by auto designer Henrik Fisker, announced in its fourth quarter earnings Thursday that it might not have enough money to survive another year. The company is in discussions with an existing investor about possibly putting more money into the company, the EV maker said in its announcement. Last year, Magna produced more than 10,193 Fisker SUVs, but fewer than half of those were delivered to customers within the calendar year, the company announced. Fisker is founder Henrik Fisker’s second car company. His first, Fisker Automotive, produced a plug-in hybrid luxury car called the Fisker Karma.

Persons: New York CNN — Fisker, Henrik Fisker, Fisker, Henrik, Henrik Fisker’s Organizations: New, New York CNN, Magna, Mercedes, Benz, BMW, Fisker Automotive Locations: New York, Austria, Europe, Hurricane

☆ Scientists are building tunnels under South Dakota for a $3 billion experiment that could solve some of the universe's grandest mysteries
▼ + stars: | 2024-02-29 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

Estimated to cost at least $3 billion, the project DUNE (Deep Underground Neutrino Experiment), is led by scientists at the US Department of Energy's Fermilab. AdvertisementCavern excavation at the Sanford Underground Research Facility in South Dakota began in 2017. The beam will then travel underground for 800 miles to the detectors at the South Dakota Sanford Underground Research Facility. The Sanford Underground Research Facility is located at a former gold mine. Stephen Kenny, Sanford Underground Research FacilityIn 1987, astronomers witnessed a bright supernova exploding closer than any had in about 400 years.

Persons: —, Mary Bishai, Reidar Hahn, Bishai, Matthew Kapust, Stephen Kenny, Maximilien Brice, Albert Einstein's, Jim Shultz, It's Organizations: Service, US Department of Energy's Fermilab, Sanford Underground Research, South Dakota Researchers, Fermilab, South Dakota Sanford Underground Research, CERN, Japan Proton Accelerator Research, PARC, European Organization for Nuclear Research, Scientific Locations: Illinois, South Dakota, Chicago , Illinois, Minnesota, Fermilab, South

☆ Rolling Stones: Previously unseen photos to go on display in London
▼ + stars: | 2024-02-21 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

London CNN —Previously unseen photographs showing the Rolling Stones “at their decadent peak” are going on display at a London art gallery. Spanish Tony Media/Bayliss Rare Books“These recently rediscovered prints stand as one of the most important photographic records of The Rolling Stones to come to the market in years,” the statement reads. The show, titled “Elegantly Wasted,” will feature photos of the Stones “taken at their decadent peak,” according to the statement from Bayliss Rare Books and Spanish Tony Media. A contact sheet shows photographs taken at the Stones' legendary free concert in Hyde Park, London, in the summer of 1969. Spanish Tony Media/Bayliss Rare Books“Spanish Tony was a hard man.

Persons: “, Tony ” Sanchez, Mick Jagger, Brian Jones, Tony, Bayliss, “ Tony, ” Sanchez, ”, Oliver Bayliss, Keith Richards, Biff, ” Richards, Charlie Watts, Sydney Sweeney Organizations: London CNN, Tony Media, Swarkestone, Bayliss Locations: London, Derbyshire, England, British, Hyde Park , London, Canada, Houston, Santa Clara , California

☆ Waymo recalls software after two self-driving cars hit the same truck
▼ + stars: | 2024-02-14 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —Waymo, the self-driving car division of Google’s parent company, Alphabet, issued a recall for its own self-driving car software after two of its vehicles hit the same truck minutes apart. Minutes apart from one another, two Waymo cars came across the same tow truck that was pulling a pickup truck in Phoenix, Arizona. The pickup’s front end was partly in a turn lane next to the lane the tow truck was driving in. After a first Waymo vehicle hit the pickup, the tow truck kept driving. A few minutes later, a second Waymo vehicle came across the truck and also hit the pickup.

Persons: CNN — Waymo, Waymo, ” Waymo, Cruise Organizations: CNN, National, Traffic Safety Administration, Motors, Cruise Locations: Phoenix , Arizona, San Francisco, California

☆ 34-year-old singer was told it was 'too early' in her career to be ambitious—5 months later, she won 3 Grammys
▼ + stars: | 2024-02-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

The 34-year-old R&B singer followed up a series of frustrating career setbacks with one of the most successful nights of her life, taking home three Grammy awards on Feb. 4. She won best new artist, best R&B album and best non-classical engineered album for her debut record "Jaguar II." I was an independent artist with no team and I just thought, maybe my music would stand for itself," she said, tearing up. The song resonated with listeners, some of whom launched a social media campaign for her to perform it at the then-upcoming MTV Video Music Awards in September. "My team was told it is 'too early in my story' for that opportunity so we will keep working!"

Persons: Victoria Monét, who's, Monét, MTV didn't Organizations: MTV, CNBC

Singer-songwriter Victoria Monét won best new artist at the 66th annual Grammy Awards. Monét, 34, won the category against Gracie Abrams, Fred Again.., Noah Kahan, Ice Spice, Jelly Roll, Coco Jones and The War and Treaty. And I feel like today, I’m sprouting.”Photos You Should See View All 45 ImagesThe best new artist award, which went to jazz artist Samara Joy last year, is one of the Grammys’ most-anticipated as it is often seen as a bellwether for future success. The award goes to an artist who releases, during that year’s eligibility period, the first recording that establishes their “public identity,” according to the Grammys. With seven nominations, Monét tied for the second-most this year, alongside Phoebe Bridgers and behind SZA.

Persons: Singer, Victoria Monét, Gracie Abrams, Fred Again, Noah Kahan, Roll, Coco Jones, —, Monét, ” “, ”, Samara Joy, Olivia Rodrigo, Megan Thee, Billie Eilish, Mariah Carey, Alicia Keys, John Legend, Amy Winehouse, Adele, Chance, Ariana Grande, Chloe x Halle, Phoebe Bridgers, Hazel, “, Ariana Grande’s, Mark Kennedy Organizations: Associated Press, The Associated Press, Hollywood, AP, Black Music, Coalition, Kanye Locations: Champagne, Dua Lipa

☆ Grammy Awards winners list (updating live)
▼ + stars: | 2024-02-04 | by ( Lisa Respers France | ) edition.cnn.com time to read: +5 min

CNN —Winners of the 66th Grammy Awards, the music industry’s top prize, are being presented on Sunday. The ceremony is taking place in rainy Los Angeles, where Trevor Noah is hosting the event for a fourth time. The nominees in several top fields can be found below. Winners are indicated in bold and are being updated live throughout the show. The full list of winners in all 94 Grammy categories can be found here.

Persons: Trevor Noah, SZA, Phoebe Bridgers, Billie Eilish, Barbie ”, “ Oppenheimer ”, Taylor Swift, “, ” She’s, ”, Janelle Monáe, Jon Batiste, Lana Del Rey, Miley Cyrus, Olivia Rodrigo, Eilish, Bill ” Taylor Swift, Victoria, Coco Jones Gracie Abrams Fred, Noah Kahan Victoria Monét, Kelly Clarkson, Ed Sheeran, ” Taylor Swift, Brandi Carlile, Miles ” SZA, Karma, Jack Antonoff Dernst, ” Emile II, Daniel Nigro, Edgar Barrera Jessie Jo Dillon Shane McAnally Theron Thomas, Justin Tranter, Mike, “ Michael ”, ” Nas, Travis Scott, Kendrick Lamar, ” Drake, Rich, Osborne, “ Brothers Osborne ” Kelsea, ” Lainey Wilson, Tyler Childers, “ Rustin ’, Zach Bryan, Zach Bryan ”, Brandy Clark, Chris Stapleton, Dolly Parton, Luke Combs, Greta Van, Coco Jones, Emily King, Walker, Chris Brown, Robert Glasper, Alex Isley, Bill ” Victoria, ” PJ Harvey, Amapiano ” Burns, David, Ayra Starr, ” Tyla, “ Barbie, ” Mark Ronson, Andrew Wyatt, ” Ludwig Göransson, ” John Williams, “ Indiana Jones, “ Oppenheimer Organizations: CNN, “, Swift, Hit Boy Metro, Drake, Metro Boomin, “ Scientists, Engineers, Queens, Pumas, Foo, Boys Locations: Los Angeles, Dua Lipa

☆ Meet the 2024 Grammys’ Best New Artist Nominees
▼ + stars: | 2024-02-02 | by ( Lindsay Zoladz | ) www.nytimes.com time to read: +1 min

Dear listeners,Some people swear there’s a curse that comes with winning the Grammy for best new artist, but it’s difficult to believe that when you remember who has actually taken home the trophy. Toggle the winners list back another decade and you’ll see some established industry power players like John Legend (best new artist 2006), Carrie Underwood (2007) and Adele (2009). The Grammys even got it right as far back as 1965, when the award went to a group of worthy Liverpudlian newcomers called the Beatles. Today’s playlist is an introduction to the eight artists who stand a chance to join their ranks at this Sunday’s Grammys. Personally, I’d be happy to see the 34-year-old mom take home best new artist; I love when someone who’s been toiling in semi-obscurity for years finally gets her moment in the spotlight.

Persons: Billie Eilish, Olivia Rodrigo —, John Legend, Carrie Underwood, Adele, Jelly Roll, Coco Jones, Victoria Monét, Ariana Grande, Chloe x Halle, Monét, I’d, who’s Locations: Dua Lipa

On Saturday, the agency posted documents showing that BMW is recalling 486 SUVs after the Chicago driver was hurt. At least 26 people have been killed in the U.S. by Takata inflators since May 2009, and at least 30 have died worldwide including people in Malaysia and Australia. About 100 million inflators were recalled worldwide. Automakers, he said, blamed manufacturing problems to limit recalls when the non-desiccated Takata inflators started to have problems. In the BMW recall, dealers will replace the air bags at no cost to owners, who will be notified by letter starting Jan. 16.

Persons: Takata, Takata inflators, General Motors, inflators, Michael Brooks, “ It's, ”, Brooks, “ Organizations: DETROIT, —, BMW, Traffic, Administration, General, Volkswagen, NHTSA, GM, VW, Center for Auto Safety, Companies, ” BMW, Honda, General Motors, Ford, Nissan, Toyota, Jaguar, Rover, Daimler Vans, Mitsubishi, Subaru, Benz, Ferrari, McLaren, Porsche, Mazda, Spartan Locations: Chicago, U.S, Malaysia, Australia, Japan, inflators

DETROIT (AP) — BMW is recalling a small number of SUVs in the U.S. because the driver's air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people in the vehicles. Takata used volatile ammonium nitrate to create a small explosion to inflate air bags in a crash. Political Cartoons View All 1277 ImagesPotential for a dangerous malfunction led to the largest series of auto recalls in U.S. history, with at least 67 million Takata inflators involved. NHTSA says Takata air bags with a dessicant are under investigation because they have the potential to explode and expel shrapnel. The BMW recall comes after General Motors recalled nearly 900 vehicles in July with Takata inflators that have the dessicant.

Persons: Takata inflators, inflators, hasn't, dessicated inflators, General Motors, Takata Organizations: DETROIT, BMW, Takata Corp, National, Traffic Safety Administration, NHTSA, Honda, General Motors, Ford, Nissan, Toyota, Jaguar, Rover, Daimler Vans, Mitsubishi, Subaru, Benz, Ferrari, McLaren, Porsche, Mazda, Spartan, General, GM Locations: U.S, Japan, Malaysia, Australia, Chicago

☆ Nissan is ramping up its UK EV business with a $2.5 billion investment
▼ + stars: | 2023-11-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Nissan announced that it would invest billions in its UK EV business. The Japanese company said it would build three EV models in its UK factory as part of the deal. AdvertisementThe Japanese car manufacturer Nissan announced on Friday that it would invest £2 billion, which is around $2.5 billion, in its electric vehicle (EV) business in the UK. It takes Nissan's total proposed investment in the region to £3 billion, or around $3.8 billion, after the company already pledged $1 billion. Nissan did not immediately respond to Business Insider's request for comment, which was made outside of normal working hours.

Persons: —, Makoto Uchida, Rishi Sunak, IAN FORSYTH, Getty Organizations: Nissan, EV, Service, Sunderland, Britain's, European Union, Land Rover, Tata, BMW, British Locations: England, Europe, Sunderland

☆ Nissan invests $1.4 bln to build two new EV models in Britain
▼ + stars: | 2023-11-24 | by ( Nick Carey | ) www.reuters.com time to read: +3 min

Nissan has made its electric Leaf model in Sunderland for years and will continue to do so, with batteries supplied by a small plant at the site. It announced a $1.4 billion investment in 2021 to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Nissan did not comment on the value of any subsidies or guarantees being provided by Britain. [1/4]Britain's Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt attach a Nissan badge to a car as they visit the car manufacturer, Nissan, in Sunderland, Britain, November 24, 2023. But Sunak, who became prime minister a year ago, is having some success turning that around.

Persons: Rishi, Sunak, Nissan's, Alan Johnson, Rishi Sunak, Jeremy Hunt, Chancellor, Makoto Uchida, Brexit, Nick Carey, Sarah Young, Paul Sandle, Sonali Paul, Mark Potter Organizations: Nissan, Investment Summit, Britain, BBC, Britain's, India's Tata Motors, Rover, Thomson Locations: Sunderland, England, Britain, Europe, EVs

☆ Nissan leads $2.5 billion investment to build two more EVs in UK
▼ + stars: | 2023-11-24 | by ( ) edition.cnn.com time to read: +3 min

London — Nissan will pump 1.12 billion pounds ($1.4 billion) into its British plant to build electric versions of two models, offering a boost to the country’s auto industry and a UK prime minister desperate to attract foreign investment. In 2021, the company announced a $1.4 billion investment to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Its 2021 battery investment was a show of confidence when other foreign investors were avoiding the UK after Brexit led to years of uncertainty around the country’s trading relationships. The Nissan deal comes just months after India’s Tata Motors said it would invest £4 billion ($5 billion) in a UK electric vehicle battery plant to supply its Jaguar Land Rover factories. The automaker’s latest UK investment comes despite Sunak’s decision in September to delay by five years a ban on sales of new petrol cars.

Persons: Rishi, ” Sunak, ” Nissan’s, Alan Johnson, ”, Makoto Uchida, Brexit, Sunak, India’s Tata Organizations: London, Nissan, Investment, BBC, India’s, India’s Tata Motors, Rover, Industry, Tata Locations: Sunderland, England, Britain, Europe

LONDON (AP) — Nissan will invest more than 1 billion pounds ($1.3 billion) to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country's ailing economy. The company said it's directly investing up to 1.12 billion pounds to produce electric successors to the two models. “Nissan’s investment is a massive vote of confidence in the U.K.’s automotive industry,” which contributes 71 billion pounds a year to the economy, Prime Minister Rishi Sunak said. India’s Tata Sons, which owns Jaguar Land Rover, is building a 4 billion-pound EV battery factory in the U.K. that's expected to produce about 40 gigawatt hours of battery cells every year, enough to provide half the U.K.’s electric vehicle batteries. Stellantis, parent company of British automaker Vauxhall, is investing 100 million pounds to make electric vans and cars in northwestern England.

Persons: —, it's, Rishi Sunak, Makoto Uchida, Sunak, India’s Tata Organizations: — Nissan, Nissan, BMW, India’s Tata Sons, Rover, EV, British, Vauxhall Locations: England, Sunderland, China, Europe, Oxford

☆ Nissan to invest $1.4 bln to build two new EV models in Britain
▼ + stars: | 2023-11-24 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

A staff cleans charging ports of Nissan's Leaf battery electric vehicle during the Japan Mobility Show 2023 at Tokyo Big Sight in Tokyo, Japan, November 1, 2023. Japan's third-biggest automaker said it would announce the names of the new EV models and timings for production launches at a later date. Earlier this year, Nissan raised its targets for EV models as it plays catch up in a segment dominated by newcomers like Tesla (TSLA.O) - saying it would launch 19 new EV models by 2030. The Nissan EV production announcement comes just months after India's Tata Motors (TAMO.NS) said it would invest 4 billion pounds in a UK EV battery plant to supply its Jaguar Land Rover factories. Industry experts had described the Tata battery plant as good progress, but argue Britain needs much more EV battery production capacity to maintain a viable, growing auto industry.

Persons: Kim Kyung, Makoto Uchida, Rishi Sunak, Nick Carey, Sonali Paul Organizations: Japan, REUTERS, Nissan, British, Nissan EV, India's Tata Motors, EV, Rover, Industry, Tata, Thomson Locations: Tokyo, Japan, Sunderland, Europe, Britain

☆ Shanghai's Jewish refugee history takes centre stage in new oratorio
▼ + stars: | 2023-11-21 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +3 min

[1/5] Musicians perform onstage at the debut performance of Emigre at the Shanghai Symphony Orchestra Hall in Shanghai, China November 17, 2023. A collaboration between the Shanghai Symphony Orchestra, New York Philharmonic as well as choirs from the U.S. and China, the work premiered on Nov. 17. Composer Aaron Zigman, known best for his movie scores, said he was approached by Shanghai Symphony Orchestra's maestro Long Yu in 2019 with the idea for a piece telling the story of Shanghai's Jewish refugee history. In the late 1930s, as World War Two was about to break out, Shanghai was one of the few places in the world open to Jewish refugees, as many countries restricted visa access. Chen Jian, curator of the Shanghai Jewish Refugees Museum, was in the audience for Emigre's global premiere at the Jaguar Shanghai Symphony Orchestra Hall in downtown Shanghai.

Persons: Nicoco Chan, Aaron Zigman, Long Yu, Zigman, Mark Campbell, Chen Jian, Casey Hall, Sonali Paul Organizations: Shanghai Symphony Orchestra Hall, REUTERS, Rights, Shanghai Symphony Orchestra, New York Philharmonic, Shanghai, Shanghai Jewish Refugees Museum, Jaguar Shanghai, Orchestra Hall, Reuters, Thomson Locations: Shanghai, China, U.S, Nazi Germany, Europe, Japan, Israel, Gaza, Ukraine, New York

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