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Even before he really knew what it meant, Allen Wong wanted to be rich. What “rich” seemed to dangle was something simpler, more elementary, more a feeling than anything else: freedom from pain. “I didn’t want to be absent from my family and only show up a few hours each day after work. Wong’s father was ousted from his business, sank into a depression and committed suicide; his mother tripped down a spiral of mental illness. Suddenly, Wong’s entry-level computer programming job was the household’s only source of income, and there was a world financial crisis going on.
Persons: Allen Wong, Wong, , , Wong’s, doggedly Organizations: Lamborghini Locations: Guangzhou, Hong Kong, New York City, Chinatown
So this factory expansion isn’t about making more cars, but making more expensive cars, which takes more time and requires more space for workshops and storage of exotic materials. The Rolls-Royce Phantom Syntopia's has glass flecks to create sparkling designs. Before that, Rolls-Royce cars were built alongside Bentleys — Rolls-Royce had acquired Bentley in 1931 — at a factory in Crewe, UK. The Phantom Syntopia likely would have cost more than $3 million according to sources, although Rolls-Royce would not confirm an exact price. The Phantom Syntopia has a special Weaving Water design in its Starlight Headliner.
Persons: Royce, “ We’re, , Martin Fritsches, “ That’s, Bentleys —, Bentley, Stephan Winkelmann, Javier Gonzalez Lastra, Fritsches, Cullinan Organizations: CNN, BMW, Royce, Bentley, Volkswagen, Lamborghini, Ferrari, ” Lamborghini, Tema Locations: Chichester , England, Crewe, cabinetry
The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty ImagesThe Baltimore bridge collapse on Tuesday prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Six people who had been working on the bridge were presumed dead on Wednesday, after rescuers failed to find them. The Port of Baltimore, the 11th largest port in the U.S. and its busiest for autos and light trucks, has been closed until further notice. Sweden's Volvo Group said it did not expect a significant impact, but was checking its U.S. production facilities.
Persons: Francis Scott Key, Michael A, carmakers, Dimitris Psillakis, it's, Psillakis Organizations: Francis Scott Key Bridge, McCoy, Washington Post, Getty, Logistics, Mercedes, Benz, CNBC, Baltimore, Volkswagen Group of America, Germany's Volkswagen, VW, Audi, Lamborghini, Bentley, Atlantic, Volvo Group, General Motors, Ford, Toyota, Nissan, Mitsubishi Locations: Baltimore, Port, U.S, East, Brunswick, Georgia
Read previewThe collapse of the Francis Scott Key Bridge in Baltimore could have major effects on distribution and deliveries for businesses in the area. Baltimore's biggest bridge collapsed early on Tuesday morning after a cargo ship crashed into one of its support beams, prompting Maryland Gov. A spokesperson for Volkswagen said its operations were unaffected as its Baltimore facility was "located on the sea board of the bridge collapse." AdvertisementMcCormick, which manufactures spices and seasonings, said in 2020 that it expected its site at Tradepoint Atlantic to become its biggest distribution site. Local businesses prepare for ongoing disruptionThe Hard Yacht Cafe, located about a mile from the bridge, told BI that it wasn't yet clear how the collapse would affect its business.
Persons: , Francis Scott Key, Wes Moore, Kevin Cartwright, Neil Saunders, Baltimore's Francis Scott Key, Armour, McCormick, we're, Alexander DelSordo Organizations: Service, Maryland Gov, Baltimore Fire Department, Associated Press, Business, Bloomberg, Maryland Transportation Authority, Depot, FedEx, BMW, Volkswagen, Google, Amazon, Volkswagen Group, Audi, Lamborghini, Bentley, CBS, WJZ, Bay Locations: Baltimore, Port of Baltimore, Sparrows, Europe, Mexico, Hawkins
Jimmy Donaldson, also known as MrBeast on the internet, on Monday announced a new reality competition show in collaboration with Amazon MGM Studios, aiming to further blur the lines between YouTube and traditional television. The new series, "Beast Games," is billed as "the biggest reality competition series ever" and will feature 1,000 contestants competing for a $5 million cash prize. "It's like our normal videos, but just 20 times better," Donaldson said on the podcast. "This will probably be six plus hours of content, where my normal videos are 20 minutes long. The character building, the storytelling, will be out of this world compared to our normal videos."
Persons: Jimmy Donaldson, Donaldson, TikTok, Colin, Samir, D'Amelio Organizations: Monday, Amazon MGM Studios, YouTube, Lamborghini, Puck, Amazon Prime, Netflix, Hulu Locations: U.S
CNN —When Volkswagen decided to relaunch the Scout SUV brand it took a very unusual step. The revived and revamped Scout Motors will introduce its new brand of all-electric off-road-capable SUVs, kind of like Rivian. Buzz, an electric update of the classic hippie bus, VW is touching on nostalgia to reach a new generation of car buyers. VW came to own the trademark for the defunct brand in 2021 when it purchased Navistar, a successor company to International Harvester. Scout’s parent company, Volkswagen, is building its own EV battery plant in Canada and a battery engineering lab in Chattanooga, Tennessee.
Persons: it’s, Oliver Blume, “ What’s, , Erin Keating, Scott Keogh, Dave Mondragon, who’s, they’ll, Keogh, ” Keogh, ” Keough, Chris Benjamin, isn’t, roader, Keating Organizations: CNN, Volkswagen, Scout, Volkswagen Group, Audi, Porsche, VW, ” Volkswagen Group, Cox Automotive, Harvester, International, Bentley, Lamborghini, North, Ford, P Global Mobility, Dealers, Scout Motors, US . Scout Motors, Volkswagen North, Volvo, Mercedes, BMW, Tesla Locations: United States, America, Volkswagen North America, Blythewood , South Carolina, South Carolina, Novi , Michigan, Canada, Chattanooga , Tennessee
CNN —Look at almost any modern high-horsepower supercar and you will see the work of auto designer Marcello Gandini. Sharp lines, a low stance, doors that swing up; all were influenced by Gandini’s seminal work, the Lamborghini Countach. Gandini designed both of those cars and, if he had done nothing else, he would still be remembered. But in addition to his work for Lamborghini, Gandini produced cars for automakers including BMW, Fiat and Ferrari. The Lamborghini LP500, a first prototype for the Countach sports car, designed by by Marcello Gandini of Gruppo Bertone, circa 1972.
Persons: Marcello Gandini, Gandini’s, Lamborghini Countach, Stefano Guidi, Lamborghini Miura, Gandini, , Miura, Lamborghini, ” Gandini, , ” Marcello Gandini's, “ Gandini, ” Bertone, Organizations: CNN, Lamborghini, BMW, Fiat, Ferrari, Volkswagen Polo, Renault, Bertone, Geneva, Hulton, Museo Nazionale dell’Automobile, National Automobile Museum, Lancia, Museo Nazionale dell'Automobile, Porsche, Gooding, Co Locations: Turin, Italy, United States, Pebble Beach , California
A BYD Co. Yangwang U9 electric vehicle in Shenzhen, China, on Tuesday, Jan. 16, 2024. BYD debuted its most expensive car on Sunday, a 1.68 million yuan ($233,450) high-performance fully-electric supercar pitted against luxury gas-guzzling options offered by rivals such as Ferrari NV and Lamborghini. Photographer: Qilai Shen/Bloomberg via Getty ImagesChinese automaker BYD this weekend unveiled a new electric supercar that it says can hit speeds similar to high-end models produced by industry giants like Ferrari. The U9 supercar will be part of BYD's luxury brand Yangwang, which was only introduced last year and has launched two other vehicles. According to BYD, the U9 will be able to reach a top speed of 309.19 kilometers per hour, or 192.12 miles per hour.
Persons: BYD, Qilai Shen Organizations: Ferrari, Lamborghini, Bloomberg, Getty Images Locations: Shenzhen, China
CNN —BYD is a Chinese carmaker that recently unseated Tesla as the world’s leading seller of electric vehicles. Its new all-electric Yangwang U9 has nearly 1,300 horspower and is designed to compete directly with Lamborghini and Ferrari. As an electric supercar, the Yangwang U9 combines power and performance similar to a 1,800-horsepower, $2 million Rimac Nevera, but in a package costing less than gasoline-powered cars from the famous Italian automakers. Tesla chief executive Elon Musk has said that Chinese EV makers like BYD could “demolish” other automakers as the industry transitions to electric vehicles. ]”A rear view of the BYD Yangwang U9 electric car in Shenzhen, China, earlier this year.
Persons: Tesla, BYD, Elon Musk, ” Carlos Tavares, Stellantis, Qilai Shen, Stephan Winkelmann, CNN’s Shawn Feng Organizations: CNN, Lamborghini, Ferrari, Dolphin, Elon, Jeep, Fiat, Bloomberg, Getty Locations: Chinese, Europe, New York, Shenzhen, China
The Tesla Cybertruck is impressive and worrying
  + stars: | 2024-02-23 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +9 min
Then, in 2019, Elon Musk unveiled the Tesla Cybertruck, a bare metal box on wheels. Even when I parked a rented Tesla Cybertruck next to a hot-pink McLaren supercar in a shopping center parking lot in California, the people in the McLaren couldn’t stop talking about the Cybertruck. Peter Valdes-Dapena/CNNThe Tesla Cybertruck looks like nothing else on the road. There’s a lot to like about the Cybertruck, but it also embodies a disturbing level of individual arrogance in hard, unforgiving steel. The Tesla Cybertruck's simple interior is nice enough but, with hardly any switches or knobs, this is the easy part.
Persons: Tesla, Elon Musk, who’d, Peter Valdes, Walter Isaacson’s, Musk, It’s, CNN Tesla, I’d, haven’t, there’s Organizations: Laguna Beach , California CNN, Ford, Chevrolet Silverado, GM, McLaren, CNN, Tesla, SpaceX, Goodyear, Lamborghini, Ferrari, General Motors, Silverado EV Locations: Laguna Beach , California, California, Turo
Despite huge ad revenue and brand deals, he says he isn't wealthy due to his reinvestment strategy. He also doesn't have access to his bank accounts — his mom does. With immense ad revenue and brand deals, Donaldson has the resources to do pretty much anything he could ever want to. Donaldson told the outlet he brings in between $600 and $700 million a year. Every video earns "a couple million" from ads and "a couple million in brand deals," he told Time.
Persons: doesn't, , Jimmy Donaldson, Donaldson, Elon Musk, isn't, it's Organizations: Service Locations: Africa
When Bologna became the first major Italian city to impose a speed limit of 30 kilometers, or 20 miles, an hour, Luca Mazzoli, a local taxi driver, posted a sign in his cab warning passengers of the change. He had to, he said grumpily the other day, “to explain why I am driving so slowly.”Since the limit became enforceable in mid-January, it has taken longer for Mr. Mazzoli to get from Point A to Point B, he claimed, meaning that he has picked up fewer passengers and has found himself stuck in traffic more often. “A city has to move,” he said. Critics of the measure say that Bologna risks slowing to a standstill since it became the first major Italian city to join a growing group of municipalities, including Amsterdam; Bilbao, Spain; Brussels; and Lyon, France, that have lowered speed limits from 50 kilometers per hour, about 30 miles per hour, in the belief that the change will lead to safer, healthier and more livable cities.
Persons: Luca Mazzoli, , Mazzoli, Locations: Bologna, Amsterdam, Bilbao, Spain, Brussels, Lyon, France
Farrer is better known as the Timepiece Gentleman, the flashiest online dealer in the $75 billion luxury watch trade. All he needed was the right name for his luxury watch business — something distinctive, something memorable. In his mind, he pictured what the ultimate luxury watch dealer would look like. To launch his career as the Timepiece Gentleman, Farrer boned up on the jargon of horology, from escape wheels and spring barrels to flinques and guilloches. Despite the staggering size of the luxury watch trade, nobody had thought to market its glamour and mystique.
Persons: Reddit, I've, Anthony Farrer, Farrer, Mark Wahlberg, Marky Mark, Patek Philippes, Sharf, Prada, he'd, Cameron, Travis Baker, chronograph, Richard Chance, He'd, timepieces, Farrer boned, they're, Kevin Hart, It's, Buyers, Darby McVay, McVay, Liz Guilliams, Guilliams, You've, Dallas —, Crimepiece, vouching, Santa Monica, , Darth Vader, y'all, reselling, Anthony, stiffing, Wesley Stokes, Stokes, Bob Schober, Joe Haden, Richard Mille, Schober, He's, Peter, Paul, didn't Organizations: YouTube, FBI, Timepiece Gentlemen, Watch, Buffalo Wild Wings, Business, Boston Consulting Group, Texans, Craigslist, Lamborghini, Malibu, Downtown, Hollywood, Cleveland Browns, TPG, Ducati, Venice Locations: Venice , California, Venice, backwoods Texas, Reddit, cowpoke, Sherman , Texas, Dallas, It's, Salt, Riding, Los Angeles, In Dallas, LA, Santa, Texas, Downtown Los Angeles, South Carolina, Scottsdale , Arizona, Stokes
Lamborghini sold more than 10,000 vehicles last year for the first time ever and Ferrari had a more than 17% increase in revenue. But customers purchasing Lamborghinis, Rolls-Royces and Bentleys have an even wider array of infinitely customizable paint colors and interior materials, to start with, than carmakers offer for less expensive brands. If the customer has a favorite shirt, for example, the car paint could be matched to the fabric color. At Dixon’s Rolls-Royce dealership three quarters of the roughly 90 cars sold each year include some degree of custom options, she said. While she and Rolls-Royce’s design team can provide guidance, in the end, the choices have to be the customer’s.
Persons: Royce, Ferrari, Lamborghini, Bentley, , Stephan Winkelmann, Lewis Hamilton, Altrata, Royce Cullinan, Javier Gonzalez Lastra, , ” Gonzalez Lastra, Pietro Frigerio, Kellyn Dixon, Dixon, Bugatti Chiron, Bugatti, Chiron, Lamborghini’s Winkelmann Organizations: California CNN, Lamborghini, Ferrari, Bentley, Royce, CNN, Ferrari’s, Tema, Volkswagen, Ford, Art Basel Miami Beach, Rolls Royce, Bugatti, Bugatti Bugatti Locations: Irvine, California, Newport Beach , California, Irvine , California, Goodwood
With its streamlined curves and glow-in-the-dark sound system, the silver Lamborghini Huracán Performante was the stuff of teenage fantasy: $350,000 of aerodynamic metals and lightweight upholstery, packed into a taut and powerful body. When he started shopping for a Lamborghini, Mr. Armstrong, a cryptocurrency evangelist with more than one million YouTube subscribers, worried that he’d have to spend months searching. “I think I have to go to Italy to get the Lambo I want,” he texted a business partner. In the fall of 2021, a car dealership in Charlotte, N.C., shipped the Huracán to Mr. Armstrong’s production studio in an Atlanta suburb. As the Lamborghini was lowered from a delivery truck, Mr. Armstrong, better known by the nom de crypto BitBoy, let out a joyful laugh.
Persons: Huracán Performante, Ben Armstrong, Armstrong, , Lamborghini, Organizations: Lamborghini Locations: Italy, Charlotte, N.C, Atlanta
Lawyers representing Wealth Assistants' former clients are seeking to freeze assets belonging to Carroll, Max K. Day, Max O. When Wealth Assistants informed its clients in October that it planned to shut down, it provided a list of alternative providers clients could work with to manage their stores if they promised not to sue Wealth Assistants. According to the lawsuit, some former Wealth Assistants clients later started receiving emails from Wholesale Universe saying that Wealth Assistants had purchased an inventory package for them to use with Wholesale Universe. Advertisement"Wealth Assistants and Wholesale Universe made that transfer for the purpose of preventing Wealth Assistants' current and future creditors, including Plaintiffs, from accessing Wealth Assistants' assets," the complaint reads. Wealth Assistants claimed that the digital bank froze its accounts without warning or explanation in October and is still withholding its funds.
Persons: , Ryan Carroll, Max K, Max O, Carroll, Yax, Daddy Jules, Max Day, Troy Marchand, Bonnie Nichols, Marchand, Nichols Organizations: Service, Business, Amazon, Amazon . Business, Court, Lamborghini, Trading, Oak Properties, MKD Investment, Private Management Company, Max, HouTex Farm Equity Partners, Business Financial Solutions, Evo Maxx, Management, Wholesale, Tennessee, Bank, Wealth, Bank of America Locations: California, San Bernardino County, Oak, mstone@insider.com
Vernon, New Jersey CNN —General Motors is very clear that its engineers didn’t create the Chevrolet Corvette E-Ray, the first hybrid Corvette, to save gas. Instead they wanted to make an all-wheel-drive Corvette, and the best way to do that was simply to attach a powerful electric motor to the front wheels. Unlike in a Toyota Prius, or almost any other hybrid, the E-Ray’s electric motor almost never drives the car on its own. For that, GM offers the lighter and more powerful Corvette Z06, with its high-revving 670-horsepower V8 and no electric motor. Instead, GM has focused on fully electric technology and, before too long, there will be a fully electric Corvette.
Persons: Ray, it’s, I’ve Organizations: Vernon , New Jersey CNN —, Chevrolet, GM, Toyota Prius, Lamborghini Locations: Vernon , New Jersey, New York , New Jersey
AdvertisementThis as-told-to essay is based on a conversation with Andy Carter, who advises major lottery winners for Camelot, the operator of the UK's National Lottery. AdvertisementIt wouldn't be a good look if someone working for the lottery won the lottery. For example, I've dealt with over 2,000 lottery winners, and I've never dealt with anyone I know personally. Mark and Helen Francis celebrate their $1.26 million lottery win in 2022. It's a myth that lottery wins always make people miserable, thoughThe biggest misconception people have about lottery winners is that everyone goes out and blows their money.
Persons: Andy Carter's, he's, , Andy Carter, I've, haven't, haha —, Dylan Nolte, Anthony Highet, that's, Helen Francis, Huw John, Camelot, who've, they've, you've, Stuart C, Wilson, You've Organizations: Service, Camelot, National Lottery, British, Lamborghini Locations: Liverpool
Many Nvidia employees have become incredibly rich after the company's stock is up by about 1,200% over the past five years. Nvidia employees are also rarely put on performance-improvement plans, unlike some of its competitors, such as Amazon . Despite a growing number of companies launching their own in-house chips, Nvidia employees say they don't feel the competitive pressure yet. Three Nvidia employees, however, told BI that those chips never came up in customer conversations because, in their view, of Nvidia's superior performance. In other ways, Nvidia employees haven't let their riches go to their heads.
Persons: , It's, Jensen Huang, Huang, he's, Jim Herd, Herd Freed Hartz, Herd, we're, Glassdoor, He's Organizations: Service, Nvidia, Business, AMD, Intel, Big Tech, Microsoft, Amazon, Employees, BI, Lamborghini, Meta Locations: Silicon
Wealth Assistants also said that if clients didn't break even in the first year, they would get their money back. BI spoke with 16 people who invested between $35,000 and $100,000 each to work with Wealth Assistants and said they lost their money. Ten days later, Wealth Assistants said it laid off its roughly 75 employees and planned to shut down by December 1. Selling customers on the entrepreneur lifestyleMany Wealth Assistants clients said they were drawn by the opportunity to generate passive income. Cart.com sent Wealth Assistants a formal notice of termination in the fall after Wealth Assistants stopped paying its invoices earlier in the year, the representative said.
Persons: Mike Wimmer, Wimmer, they're, I'm, Ryan Carroll, Max K, Max O, , Carroll, Carroll didn't, we're, Tina Luk, breakeven, Seth Hamilton, Andrew Pou, Suzy Arriola, Saheb Sabharwal, Cart.com, Moe O'Neil, weren't, Max, you've, it's, they've, We've, we've, Madeline Stone, Jack Newsham Organizations: Business, ., Federal Trade Commission, Amazon, Products, Nobu Dallas, Lamborghini, Facebook, Wealth, BI, FTC, DK Automation Locations: China, Texas, Nobu, California, Houston, Pennsylvania, mstone@insider.com
Her manager explained that their next video would entail filming retired trains from the Great Smoky Mountains Railroad crashing into brick walls. Insider spoke with 17 current and former employees of top YouTube stars, five of whom had worked for MrBeast. They described days filled with unimaginable stunts, inconsistent work hours, and varying salaries. Many of his employees work on site to participate in video production. The employees Insider spoke with said working at MrBeast meant pushing the boundaries of what a YouTube video could achieve.
Persons: Britt Carter, Carter, Jimmy Donaldson, , Donaldson, Marc Kaplan Organizations: Business, YouTube, Lamborghini, Research, Oxford Economics, Forbes, MrBeast, Washington Post Locations: Greenville , North Carolina, Smoky, Greenville, Tokyo, Japan
CNBC's Cities of Success Nashville: Sneak Peek
  + stars: | 2023-11-28 | by ( ) www.cnbc.com   time to read: +1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's Cities of Success Nashville: Sneak PeekOn Wednesday, December 6 at 10pm ET/PT, CNBC will air a one-hour primetime "Cities of Success" special featuring Nashville, Tenn., exploring its remarkable evolution from an economy once almost exclusively powered by music to a prominent center for healthcare and research. Nashville is experiencing explosive development and attracting the likes of Amazon, Oracle, Nissan, AllianceBernstein, Lamborghini, Ferrari, venture capital, startups and professional sports teams. Anchored by CNBC's Carl Quintanilla, the program features interviews with country music star Garth Brooks corporate leaders from AllianceBernstein, Lamborghini, Nissan, Amazon, Frist Cressey Ventures, Electronic Arts, plus real estate developers and former Democratic Tennessee Governor and Nashville Mayor Philip Bredesen, former Republican Tennessee Gov. and Knoxville Mayor Bill Haslam among others.
Persons: CNBC's Carl Quintanilla, Garth Brooks, Nashville Mayor Philip Bredesen, Bill Haslam Organizations: CNBC's, Success, CNBC, Nashville, Oracle, Nissan, Lamborghini, Ferrari, Amazon, Frist Cressey Ventures, Electronic Arts, Democratic Tennessee Governor, Nashville Mayor, Republican Tennessee Gov, Knoxville Locations: Tenn, Nashville
Today, we're seeing tons of Cyber Monday Lego deals that can't be missed. If you're hung up over a tough giftee, we recommend checking out these Lego deals for some of the best cheap gift ideas for recipients of any age. We're seeing tons of sets on sale from both Amazon and Lego, from beginner-friendly Duplo sets to massive "Star Wars" builds. For even more incredible savings, check out our guide to the best Cyber Monday deals for discounts on tech, clothing, beauty products, and much more. The best Cyber Monday Lego deals
Persons: Lamborghini
Learn moreThe end of Black Friday is approaching, so now is a great time to stock up on toy gifts. We love Lego sets because they inspire creativity: You can create a race car or outer-space fighter jet from a handful of plastic pieces to fuel hours of fun. This shopping season, the best Black Friday Lego deals are aplenty. Another great set, the Lego Technic Lamborghini Sián for adults, is 20% off at Amazon. The best Black Friday Lego deals
Persons: Lamborghini, Legos, Harry Potter Organizations: Black, Marvel, Disney Locations: City
Insider spoke with 17 current and former employees of top YouTube stars, five of whom had worked for MrBeast. They described days filled with unimaginable stunts, inconsistent work hours, and varying salaries. Many of his employees work on site to participate in video production. But others, like Carter, found themselves staying at work much longer than 40 hours per week. The employees Insider spoke with said working at MrBeast meant pushing the boundaries of what a YouTube video could achieve.
Persons: Britt Carter, Carter, Jimmy Donaldson, , Donaldson, Marc Kaplan Organizations: Business, YouTube, Lamborghini, Research, Oxford Economics, Forbes, MrBeast, Washington Post Locations: Greenville , North Carolina, Smoky, Greenville, Tokyo, Japan
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