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☆ Meme Stock Craze: the Sad Return of Roaring Kitty, GameStop, and AMC
▼ + stars: | 2024-05-16 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

Gill, who goes by Roaring Kitty on X and YouTube and by DeepFuckingValue on Reddit, was at the center of the 2021 GameStop saga. Shares of AMC, GameStop's fellow meme stock, surged by nearly 80% on Monday and 30% on Tuesday. What's changed is Roaring Kitty is tweeting, and not even really about a company. If you bought GameStop or AMC shares in 2021, it might not be a bad time to consider selling some to break even. Roaring Kitty is back, and people are tossing their money into the GameStop slot machine.

Persons: Keith Gill, Gill, Roaring Kitty, DeepFuckingValue, Davids, — Gill, tweeting, hasn't, me Gill, they're, it's, Robinhood, Bitcoin, Matt Damon, Eminem, Peter Kafka, cryptocurrency, Kitty Organizations: GameStop, YouTube, Porsche, AMC, UFC Locations: Massachusetts, What's, America

☆ Hyper-luxury golf carts that you can drive on the road
▼ + stars: | 2024-05-13 | by ( Jack Bantock | ) edition.cnn.com time to read: +7 min

But one Danish company is on a mission to put the art in golf cart. “When it came to the golf cart 18 years ago, they all looked the same – there weren’t any serious high-end products out there,” Lynge told CNN. You want something that’s sort of Lamborghini-shaped – very low and wide – but the golf cart is the exact opposite.”Tiger Woods rides a conventional golf cart at a tournament in 2005. Lynge took the prize ceremony event as an opportunity to pitch a dream that would be realized in 2016 – a Garia golf car inspired by Mercedes-Benz Style. “Really expensive … super exclusive, but also the coolest golf car you’ll ever see,” Lynge said.

Persons: Anders Lynge, Soren Bak Hansen, ” Lynge, Garia, Lynge, –, “, Woods, Jeff Gross, Mercedes, Lars Larsen, Lynges, ”, we’ve Organizations: CNN, Augusta National, Garia, Bentley, Lamborghini, Kussmaul, Mercedes, Benz, US, Lars Larsen Group Locations: Turnberry, Scotland, Copenhagen, German, Europe, €, London

☆ Porsche’s iconic 911 is going hybrid
▼ + stars: | 2024-05-13 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

A hybrid Porsche 911, with its gas engine assisted by at least one battery-powered electric motor, will officially be revealed in an online event on May 28. Porsche itself already sells plug-in hybrid models like the Cayenne e-Hybrid SUV and Panamera e-Hybrid four-door car but a hybrid 911 is another matter. This new hybrid model will be the closest Porsche can get to an electric 911 without raising those sorts of philosophical questions. But we do know the hybrid 911 is clearly faster than the current purely gas-powered 911. The faster time indicates the hybrid 911 has greater power due to the addition of electric assistance.

Persons: CNN —, ” Jörg Bergmeister, didn’t, Ferdinand Porsche Sr, Ferdinand “ Ferry, Ferry’s, Ferdinand “ Butzi Organizations: CNN, CNN — Porsche, Porsche, Volkswagen Locations: Cayenne

☆ MDMA therapy could be legalized by summer. Why are so many advocates sounding the alarm?
▼ + stars: | 2024-05-13 | by ( Anna Silman | ) www.businessinsider.com time to read: +52 min

Last summer, thousands of tie-dyed Burners and Patagonia-clad tech founders converged on the MAPS Psychedelic Science conference in Denver. The experience "broke the spell of this trauma, and she was able to rebuild her life," Doblin told The Guardian . The video team's job was to store recordings of every MDMA therapy session performed in the clinical trials. Grof believes in something called an "inner healing intelligence," an innate capacity for self-healing that psychedelic therapy helps unleash. Another time, a patient who had come to an MDMA therapy session later acknowledged they had been under the influence of LSD during treatment.

Persons: Jaden Smith, Aaron Rodgers, bro, Andrew Huberman, Rick Doblin, Doblin, mainstreaming psychedelics, influencers, Johnson, Elizabeth Nielson, Aubrey Marcus, ayahuasca, Matthew Stockman, Helena —, Timothy Leary, —, Hitler, Stanislav Grof, zombified, Brad Burge, Michael Mithoefer, Annie Mithoefer, Oprah, Sen, Joe Biden, MDMA's neurotoxicity, they'd, Albert Hofmann, David Bronner, Dr, Joe's, Bronner, Bronner's, Richard Rockefeller, John D, Rockefeller Jr, Rockefeller, Neşe, Johns Hopkins, who's, Devenot, Rick Friedman, Betty Aldworth, MAPS's multimillionaire, Tim Ferriss, Cody Swift, Zendo, Aldworth, Erica Siegal, Seth Whitelaw, Amy Emerson, JULIE JAMMOT, Ifetayo Harvey, Harvey, Lauren Unger, Unger, Casey Hardison, Harvey didn't, Hardison, Doblin's, Baylee Ybarra Gatlin, Gatlin, negligently, There's, Michael Pollan's, Steve Jurvetson, Elon Musk's who's, Genevieve, Steve Cohen, Alexandra, Mark Zuckerberg's, Dustin Moskovitz, Cari, Gwyneth Paltrow, Paltrow, Sergey Brin, Joe Green, Green, Zuckerberg, Genevieve Jurvetson, Michael Pollan, Jonathan Lubecky, he'd, Rebekah, Robert Mercer, Elizabeth Koch, Charles Koch, Rachel Nuwer, Koch, she'd, MAPS's, Elizabeth Crystal, Joe Rogan, didn't, Jesus Christ, Crystal, Meaghan Buisson, Richard Yensen, Donna, Yensen, Buisson, weren't, Robert, Rebekah Mercer, Sean Zanni, Grof, They've, Kayla Greenstien, it's, George Sarlo who'd, Vicky Dulai, Sarlo's, Dulai, Gul Dolen, Michael Mullette, who'd, Marla Aufmuth, Mullette, Lily Kay Ross, David Nickles, Ross, Greenstien, Rick, Lenny Ignelzi, biostatisticians, Lykos, Peter Thiel, Kara Swisher, Kris Lotlikar, Federico Menapace, Mo Septimus, Handout, Monnica, Williams, Lotlikar, Henry Elkus, Helena ., Elkus, Emerson, ICER Organizations: Science, New York Jets, rockstar, Multidisciplinary Association for Psychedelic Studies, Lykos Therapeutics, and Drug Administration, FDA, Business, Florida's New College, Jewish Telegraphic Agency, Sarasota Herald, Tribune, New College, Guardian, Drug, Harvard's Kennedy School of Government, eBay, Nevada, Doblin, Pentagon, Department of Veterans Affairs, Department of Defense, Staff, Corporation, PBC, pharma, New Yorker, New York Mets, Bloomberg, CBS, Breitbart, CBC News, BI, Porsche, Santa Cruz, New York Times, longtime, Mullette Corporation, New York, Health Canada, Compass, Sciences, Psychedelic Science, Whole Foods, McKinsey, Big Pharma, Vine Ventures, Lucid, Street Journal, Investments, Gawker, Publicly, PBC alums, Numinus, US Army Locations: Patagonia, Denver, Harvard, Colorado, Skokie , Illinois, Ireland, Czech, Sarasota, Arcturus, Florida, Swiss, Vietnam, Washington, Santa Cruz, Chicago, California, Iraq, British Columbia, New York, Hawaii, Santa, Nature, Moderna, Europe, Helena, Yale, Australia, Canada, Israel, Ukraine, ICER, . Upper

☆ Autos analysts pick who can survive China’s cut-throat EV market
▼ + stars: | 2024-05-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Investment analysts are coalescing around a few potential winners in China's car market after a 10-day auto show in Beijing put the ferocious competition on full display. "This year, we notice[d] a meaningful amount of foreign visitors who are Chinese brands' overseas dealers or importers," JPMorgan analysts said. Open to the public After two days of restricting access only to business and media, the Beijing auto show opened to the general public. Jefferies' analysts estimate the policy could boost China's passenger vehicle sales by 1 million units this year, evenly split between electric and gas-powered models. The analysts highlighted their Chinese car stock picks as Leapmotor, Geely and BYD, all rated buy and listed in Hong Kong.

Persons: Nick Lai, BYD, Tesla, hasn't, Elon Musk, Nezha, Asensing, Zhang Haizhou, Morgan, Lei Jun, Xiaomi, Jefferies, Bank of America Merrill Lynch, Leapmotor, — CNBC's Michael Bloom Organizations: Asia Pacific, JPMorgan, Porsche, Apple Vision, Brands, Mazda, Auto, Morgan Stanley Asia Pacific, EV, Bank of America, Trade, Ministry of Commerce, Volkswagen, VW, Toyota Locations: Beijing, China, Asia, Europe, Nio, Zhejiang, Hong Kong

☆ Cramer: Why Apple's Vision Pro could contribute to earnings sooner than expected
▼ + stars: | 2024-05-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Apple did not disclose revenue for the Vision Pro, the company's first new major device since the Apple Watch debuted in 2015. The Vision Pro is generally considered a higher-quality product than rival devices, with its sharper resolution as one key advantage. Jim, however, said the Vision Pro could be a positive contributor to Apple's earnings much sooner than others expect, as enterprise adoption drives more sales. Lowe's is using Vision Pro for immersive kitchen design, while Porsche is using it for "real-time team collaboration for racing," Cook said. He said Friday that Apple's developer conference in June — where more details on its AI strategy are widely expected — will also highlight new software programs written for the Vision Pro.

Persons: Tim Cook, Cook, Jim Cramer, Jim, Nvidia's, Jensen Huang, Jim Cramer's, Angela Weiss Organizations: Vision, Apple, Club, Nvidia, Apple Watch, Wall, Meta, CNBC, Dutch, KLM, Porsche, AFP, Getty Locations: Nvidia's, —, New York City

☆ From Wall Street to Silicon Valley, AI specialists are a hot commodity
▼ + stars: | 2024-04-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.

Persons: —, We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago

☆ New Status Symbol for Rich Young Men: a $7,000 Herman Miller Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

"The Eames chair is basically meme status," said Joel Vanderveen, a 35-year-old from Minnesota who created a subreddit about a decade ago dedicated to all things Eames. "Until the last 10 years, when people would say to me they had an Eames chair, I never knew which one they meant," Kirkham said. The Eames chair is one of those rare luxury goods that checks all those boxes for novices and experts alike, in his view. Not everyone with the Eames chair has a new one, an expensive one, or even a real one. The Eames chair seems eco-friendly, too — they're not going to be tossing it out in two years.

Persons: he'd, that's, Herman Miller Eames, I'd, I'm, Eames, Herman Miller, Amy Auscherman, Herman Miller's, Joel Vanderveen, Charles, Ray Eames, Pat Kirkham, Kirkham, wasn't, it's, It's, Auscherman, Julia Mack, Jennifer Jones, Kyle, He's, Zak Cole, who'd, Shawn Pasternak, they're, Derek Guy, HENRY, Guy, Loren Kreiss, they've, Emily Stewart Organizations: MoMA, Kingston University, Playboy, Porsche, Ikea, Democrat, Business Locations: New York City's Queens, Minnesota, ottoman, London, Brooklyn , New York, San Francisco, Brooklyn, Nashville, Los Angeles, Michigan, Washington, It's, I'm

☆ Rich Young Men Want This Famous $7,000 Herman Miller Eames Chair
▼ + stars: | 2024-04-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

☆ Analysis: China’s EV market reshaped by a brutal elimination round
▼ + stars: | 2024-04-24 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —A “life and death race” has begun to unfold in the world’s largest market for electric vehicles (EV). More than a dozen passenger carmakers disappeared from the market last year, according to statistics from the China Passenger Car Association. Too many playersOvercrowding is another major issue plaguing China’s EV industry. Last month, Xiaomi, a Chinese smartphone brand, launched its electric car, the SU7 sedan. “China’s EV industry has entered a stage of cyclical adjustment after two decades of growth,” he said at a forum in Beijing.

Persons: ”, Tesla, Mark Rainford, Richard Yu, Li Auto, “ They’re, Huawei’s Aito, Lei Jun, BYD, Rainford, Gan Jiayue, Wang Chuanfu, Yin Tongyue Organizations: Hong Kong CNN, Auto China, YouTube, China, “, National Development, Reform Commission, China Passenger Car Association, WM, Mitsubishi Motors, Honda, Hyundai, Ford, Huawei, EV, China Association of Auto Manufacturers, China’s EV, Li, Tesla, Porsche, Geely Auto, Meizu, Chery Auto, International Energy Agency Locations: China, Hong Kong, Beijing, Shanghai, oversupply, Meizu

☆ Sebastian Steudtner says he has surfed the ‘unsurfable’ after drone technology measures 93.7-foot wave as world record
▼ + stars: | 2024-04-22 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —German surfer Sebastian Steudtner may have broken his own record for riding the biggest wave in history earlier this year. The monster wave in the famed surfing sport of Nazaré, Portugal was provisionally measured at 28.57 meters (93.72 feet), pending ratification. If confirmed, the wave would eclipse Steudtner’s current record of 26.21 meters (86 feet) set in 2020, also in the fishing village of Nazaré. Steudtner holds the record for the biggest wave ever surfed. “We were, for the first time, surfing the biggest waves in stormy conditions which were considered unsurfable.

Persons: Sebastian Steudtner, Steudtner, ”, “, Team Steudtner, Marcus Schmelz, Gigantes de Nazaré, Lucas “, ” Steudtner Organizations: CNN, CNN Sport, ” Porsche, Team, Porsche Engineering, Surf League, Quattro, Siemens Locations: German, Nazaré, Portugal

☆ Tesla Cyberbeast auction hits $250,000 with only hours left to bid— take a look
▼ + stars: | 2024-04-09 | by ( Jordan Hart | Grace Kay | ) www.businessinsider.com time to read: +3 min

A souped-up Tesla Cyberbeast is up for auction on Sotheby's Motorsport. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A Foundation series Cyberbeast is up for auction at Sotheby's Motorsport, and the window to place a bid is only hours away from closing. A week later, bids are topping out at $250,000 during the final hours of the auction. In a previous auction, one reseller was able to auction off their Cybertruck to a Porsche dealer for $244,500 — more than double the sticker price.

Persons: Tesla, —, Tesla's, Cyberbeast, ShibaInu —, GiveMeTheVin, Musk Organizations: Sotheby's Motorsport, Service, Tesla, Porsche Locations: Manheim

☆ Hyundai's Genesis brand is a dark horse in U.S. luxury vehicle market
▼ + stars: | 2024-04-05 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Not only has Genesis made it, the brand has thrived to become a dark horse in the U.S. luxury market with unique styling, unexpected comfort and well-ranked quality. Patricia Wayne, first all-electric GV60 customer and Claudia Marquez (right), chief operating officer, Genesis Motor North America, at Genesis Santa Monica, Santa Monica, Calif., May 26, 2022. Genesis started as a vehicle in Hyundai's lineup but the company announced in late 2015 that it would become its own brand. Genesis sales last year increased about 23% over the prior year to 69,175 vehicles. Muñoz said Genesis will be a "key focus of the plant," which also will produce Hyundai and Kia vehicles.

Persons: Michael Wayland, —, Randy Parker, Claudia Marquez, Parker, Marquez, Patricia Wayne, Genesis, José, Muñoz, Jae Hoon Chang, there's, Stephanie Brinley, that's, Brinley, … Organizations: CNBC, Hyundai Motor, South, Infiniti, Hyundai Group, Hyundai, New York, Genesis, North America, Santa, North American, Porsche, Lexus, Mercedes, Benz, North, Rover, Volvo, P Global Mobility, Kia Locations: South Korean, U.S, North America, Santa Monica, Calif, Lincoln, New York, Georgia, Alabama, South Korea

☆ Singapore convicts first suspect in record money laundering case
▼ + stars: | 2024-04-02 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +1 min

A Porsche 911 Targa vehicle seized by police at a residence of Su Jiafeng, one of the suspects in the S$2.8 billion money-laundering case, in Singapore, on Wednesday, Oct. 25, 2023. Singapore on Tuesday sentenced the first person to plead guilty in the Southeast Asia island-state's biggest money laundering scandal to a 13-month imprisonment. Public prosecutors went ahead with two counts of money laundering after an agreement to consider the remaining nine charges for sentencing. The Singapore police said it has seized around 6 million Singapore dollars ($4.44 million) worth of assets from Su. The value of all assets seized to date now exceeds more than 3 billion Singapore dollars, according to court documents.

Persons: Su Jiafeng, Su Wenqiang, Mercedes, Dior, Su Organizations: Cambodian, Public, Singapore, CNBC, United Overseas Bank Locations: Singapore, Southeast Asia, Philippines

☆ Electric vehicles are changing how America goes camping
▼ + stars: | 2024-03-31 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

While still a small minority, campers are more likely to own an electric vehicle than those who don’t go camping, according to a survey by Kampgrounds of America, the nation’s largest campground operator. Only about 1% of Americans currently have an electric vehicle, according to KOA, but about 4% of regular campers do. “We’ve had customers cross coasts, all the way up to Canada, all the way across Canada and back down, all with an electric vehicle,” said Bowlus CEO Geneva Long. Courtesy RivianThe physical layout of most EV chargers can be a challenge for campers. The vast majority of EV chargers are placed at the ends of parking spaces so vehicles have to either pull in, nosing the front bumper up to the charger, or reverse back in.

Persons: I’m, ”, Matt Linn, Linn, Mike Kowal, McKay Featherstone, They’ve, Bowlus, “ We’ve, Geneva, It’s, Toby O’Rourke, KOA, O’Rourke, it’s, Rivian, Sara Eslinger, ” Linn, Rivian’s Elsinger Organizations: CNN, Ford, Rockwood, Thor Industries, Designers, Airstream, KOA, don’t, EV Locations: America, Texas, Central Coast , California, Canada, Yosemite, Big Sur , California, who’s

☆ China’s Xiaomi joins the crowded EV race with ‘dream car’ to take on Tesla
▼ + stars: | 2024-03-28 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Xiaomi formally launched its much-anticipated electric car — the new Speed Ultra 7 (SU7) sedan — on Thursday night in Beijing. “Xiaomi wants to build a ‘dream car’ comparable to Porsche and Tesla,” he said on Weibo Wednesday. On Thursday, Xiaomi announced that prices for SU7 models would range from 215,900 yuan ($29,874) to 299,900 yuan ($41,497). Xiaomi’s SU7 has been on display in showrooms in 29 cities across mainland China since Monday, according to Lei. People look at Xiaomi's first electric vehicle SU7, displayed in a newly opened Xiaomi store in Beijing on March 25, 2024.

Persons: Hong Kong CNN — Xiaomi, Lei Jun, “ Xiaomi, ”, Xiaomi, SU7, Lei, Tingshu Wang, It’s Organizations: Hong Kong CNN, Porsche, Tesla, Weibo, Counterpoint Research, Reuters, Porsche Taycan, Tesla’s Locations: Hong Kong, Beijing, China, EVs

☆ Opinion: The male drivers who just can’t let go of their stick shift
▼ + stars: | 2024-03-27 | by ( Opinion Paul Hockenos | ) edition.cnn.com time to read: +7 min

Berlin CNN —For old-school connoisseurs of the automobile — usually men — driving means operating a beloved vehicle by touch, with three pedals underfoot and a shift stick at hand. Paul Hockenos Hayyan Al-YousoufIn Europe, this clientele is responsible for a good deal of the moaning about manual transmission’s demise. Well, Zen or not, the day of manual transmissions is speeding to an end — and this layman is shedding no tears. For one, the oft-repeated benefits of a stick shift over an automatic have been redundant now for years. The explanation: automatics select the right gear for the vehicle, usually the highest gear possible.

Persons: Paul Hockenos, ”, Paul Hockenos Hayyan, Mercedes Benz, upshift, ’ ”, Sigmund Freud, it’s, Robert M, It’s, —, “, Cristine Organizations: CNN, Berlin CNN, Porsche, BMW, Volkswagen, Swiss, Neue Zürcher, Art, Environmental Protection Agency, International Energy Agency, Toyota Locations: Berlin, Europe, New Berlin, Yousouf, Germany, New York, San Francisco, Oslo, Norway

☆ VW is reviving a storied American brand to sell electric SUVs
▼ + stars: | 2024-03-17 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

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

☆ Remembering Marcello Gandini, designer of the world’s most famous supercar
▼ + stars: | 2024-03-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

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

☆ How Georgia became America's green-manufacturing capital
▼ + stars: | 2024-03-13 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +14 min

Howey, now 30, grew up in northwestern Georgia near Dalton, a small city known as the "carpet capital of the world." SolarCycle, which reclaims old solar panels to make new ones, in February announced plans for a glass factory. The law authorized big tax credits for companies making renewable-energy technologies, including solar panels, batteries, and electric vehicles, in the US. According to S&P Global, the US imported more than two-thirds of its solar panels from Southeast Asia last year. When he sees solar panels atop the chargers, he feels pride in his job.

Persons: Robert Howey, Howey, he'd, Qcells, Catherine Boudreau, Joe Biden, Biden, Bob Keefe, Keefe, Gedia, Pat Wilson, Wilson, Brian Kemp, Benz, Dalton, Kemp, Heidi Popham, Popham, Donald Trump, Scott Moskowitz, Sen, Jon Ossoff of, Moskowitz, it's, Carl Campbell, Campbell, —, Whitfield, Jevin Jensen, Jensen, He's Organizations: US Navy, Business, Qcells, South, Hanwha, SK, Hyundai, Georgia Department of Economic, Gov, Porsche, Mercedes, SK On's, Financial Times, Georgia Northwestern Technical College, Treasury Department, P Global, Microsoft, Development Authority, Shaw Industries, Mohawk Industries, EV Locations: Georgia, Dalton, Japan, Cartersville, South Korea, Malaysia, North Carolina, China, Georgia , North Carolina, South Carolina, Savannah, Atlanta, Cartersville , Georgia, Germany, Commerce , Georgia, Southeast Asia, Korea, Jon Ossoff of Georgia, Washington, BloombergNEF, Vietnam, Whitfield County, ., Whitfield, Calhoun

☆ 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

☆ Porsche warns of fall in profitability but hikes dividend on strong 2023 results
▼ + stars: | 2024-03-12 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany. Porsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit. Porsche's sales revenue rose 7.7% in 2023 to 40.53 billion euros ($44.29 billion), the company announced, while operating profit jumped 7.6% to 7.28 billion euros. "Porsche proved in 2023 that we are resilient, highly profitable and financially robust even in volatile times. Sales are expected to come in between 40 billion and 42 billion euros in full-year 2024.

Persons: Oliver Blume, Lutz Meschke Organizations: Porsche, Volkswagen Locations: Munich, Germany

☆ Porsche CFO: Expect significant growth in high-net-worth individuals in China
▼ + stars: | 2024-03-12 | 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 EmailPorsche CFO: Expect significant growth in high-net-worth individuals in ChinaPorsche Chief Financial Officer Lutz Meschke speaks to CNBC’s Annette Weisbach at the carmaker’s facility in Leipzig, Germany.

Persons: Lutz Meschke, CNBC’s Annette Weisbach Organizations: China Porsche Locations: China, Leipzig, Germany

☆ The new Chinese EV that wants to take on Tesla and Porsche is coming this month
▼ + stars: | 2024-03-12 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Chinese smartphone maker Xiaomi designed the SU7 to challenge Tesla and Porsche. The EV claims a top range of 500 miles — about 95 miles more than the Tesla Model S, per Xiaomi. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChinese smartphone maker Xiaomi is launching a new Tesla fighter later this month, marking yet another competitor for CEO Elon Musk in the critical Chinese EV market. The SU7 model, a high-end electric car, is set to launch on March 28 in China, CEO Lei Jun said in a Tuesday post on X.

Persons: Xiaomi, Tesla, —, Elon Musk, Lei Jun Organizations: Porsche, Tesla, Service, Apple, Business Locations: Beijing, China

☆ Porsche unveils one of the fastest cars in the world, featuring a 1,000-horsepower ‘launch control’ button
▼ + stars: | 2024-03-11 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

The electric 1,093-horsepower Taycan Turbo GT, coming to market this summer, has already set two race track speed record for an electric car. High horsepower numbers and eye-popping acceleration are more common among electric cars than gasoline-powered ones, especially since EVs can have multiple motors. This Turbo GT, a new version of the electric Porsche Taycan, features two motors. One, the standard Porsche Taycan Turbo GT, will be fast but reasonably comfortable for street driving. The Porsche Taycan Turbo GT with Weissach Package, though, will dispense with backseats and other comfort items to save weight.

Persons: Nordschleife Organizations: CNN, Porsche, Tesla, Toyota, Turbo, Taycan, Volkswagen Group Locations: Turkish

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