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Airstream unveils a camper van that you can take off-road
  + stars: | 2021-06-12 | by ( Peter Valdes-Dapena | Cnn Business | ) edition.cnn.com sentiment -0.58   time to read: +1 min
But now it has come out with its four-wheel-drive off-road camper van for those who want to get even further off the beaten path. With the Interstate 24X, Airstream is venturing into territory that was, up to now, mostly occupied by start-ups that specialize in making campers for overlanding and boondocking . The Airstream Interstate 24X has knobby ties, four-wheel-drive and an off-road light bar. There are other Airstream camper vans, like the Interstate 24GT and 24GL, but the Interstate 24X is Airstream's first to offer four-wheel-drive. Like the other Airstream Interstate models, the 24X is based on a diesel-powered Mercedes-Benz Sprinter van.
Persons: Airstream, it's, Read Organizations: CNN, Benz
Time for Norway to tax luxury electric cars, IMF economists say
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
OSLO (Reuters) - Norway should begin taxing high-end battery-powered cars to lower the overall cost of its generous electric vehicle (EV) incentives, economists at the International Monetary Fund (IMF) said in a working paper on Thursday. FILE PHOTO: Electric cars are seen at Tesla charging station in Gulsvik, Norway March 17, 2019. REUTERS/Terje Solsvik/File PhotoIf implemented, Norway could see taxes levied for the first time on electric cars from luxury automakers such as Porsche, Jaguar and Mercedes-Benz, as well as high-end Tesla and Audi models. “Norway could improve the targeting of its tax incentives to increase their environmental impact,” the paper by three IMF economists concluded. One such targeted change could be to offer subsidies to actually scrap petrol and diesel cars when replaced by EVs, the economists said, adding that Norway should also consider raising the taxes imposed on polluting cars.
Persons: Terje Solsvik, Tesla, EVs Organizations: International Monetary Fund, REUTERS, Porsche, Benz, Audi, Norway’s Labour Locations: OSLO, Norway, Gulsvik
A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. "The Model S has not been changing a lot in terms of looks over the past almost decade. Musk canceled another variant, Model S Plaid+, which would have had a 33% higher driving range than the Model S Plaid and used advanced battery technology, known as 4680 cells. "The Model S Plaid is definitely intended to help reduce the migration of current Tesla owners out of Tesla," said Ed Kim, vice president at consultancy AutoPacific. Musk has called the Model S Plaid "the fastest accelerating car ever."
Persons: Lucas Jackson, Elon Musk, Tesla, Jessica Caldwell, Edmunds, Ed Kim Organizations: REUTERS, Tesla, Porsche, Mercedes, Benz, Lucid Motors, Plaid, Twitter, Model, Thomson Locations: New York, U.S, Fremont , California
A former Subway employee who started at the company in the 1980s said DeLuca was obsessed with opening stores. That included the wives of Subway franchisees, this person and others said. Shortly after DeLuca died, Subway's board, led by Buck and Elisabeth DeLuca, hired Bain and Co. to assist in a turnaround. Buck, Elisabeth, and their sons restructured the company in 2018 and continue to steer the sinking ship, but mostly behind the scenes. Elisabeth moved to Florida after DeLuca died, and quietly started The Elisabeth C. DeLuca Foundation last year.
Persons: Fred DeLuca, , Benzes, Eager, DeLuca, DeLuca seething would've, Frugality didn't, Mark Peterson, Getty, floundering, who'd, Roger Lipton, Elisabeth, Peter Buck, Buck, he'd, Fred's, Carmela, McDonald's, — DeLuca, DeLuca's, Suzanne, Jonathan, Ana DeLuca, Don Fertman, Dick Pilchen, Ana DeLuca's, Ana, Liz, Cindy Mattson, Luca, Mattson, Luca —, Fred, John Haynes, Haynes, Fran Saavedra, Saavedra —, Saavedra, Diddy, DeLuca's stinginess, Keith Kanouse, Fortune, I've, Diane Bondareff, shivers, Jared Fogle, Fogle, Fogle's, Tony Pace, Jared, Matt Sayles, Kathleen McLaughlin, Cindy Mills, Mills, Fogle —, Suzanne Greco, Greco, Bizuayehu, Miley Cyrus, Subway's, Elisabeth DeLuca, Bain, Nancy Luna, Trevor Haynes, John Chidsey, Burger, Chidsey, Frederick A, Elisabeth C, John Gordon, Burger King, Shannon Stapleton, James Marshall Organizations: Eden Roc Hotel, Miami Beach ., Subway, Foods, Pete's, University of Bridgeport, KFC, Starbucks, Boca, Forbes, Indiana University, New York Daily News, Fogle, Wall Street Journal, Greco's, New York Times, DeLuca Foundation, Restaurant Brands, Inspire Brands, Sonic, Reuters, 3G Capital, Bucks Locations: Miami Beach, Bentleys, Lincoln, Bronx , New York, Connecticut, Subway, Boca Raton, , Connecticut, Fort Lauderdale , Florida, Orange , Connecticut, Florida, Canada, Toronto, Australia, Invision, Fogle, Indiana, Milford, Burger King, Miami
But there would've been another high school, out of sight, that was different: Pegasus California School. A copy of the Pegasus California School diploma shows that it was issued by the Val Verde Unified School District. Val Verde Unified School District via records request; Samantha Lee/InsiderThe Val Verde Unified School District declined to comment for this story. Pegasus California School in Qingdao, China Yan Cong for InsiderAccording to Long, Pegasus rented its current campus from the Chinese government. The companies had names like Qingdao Pegasus Education LLC, Beijing Pegasus Education Consulting LLC, Shenzhen Pegasus Information Consulting LLC, and Pegasus Education Hong Kong Limited, among others.
Persons: Val, Val Verde's, might've, Steven Ma, , Pegasus, Ma, Christopher Vu, It's, Tony, Thurmond, general's, Samantha Lee, Brennan Burnett, Tom Torlakson, Allen Riedel, Burnett, Ffiona Rees, Rees, Gary Clark, Clark, Torlakson, Riedel, unreceptive, David Long, " Riedel, Long, provosts, Clark marveled, ThinkTank, Ma basked, Ma's, Damien Maloney, Lori Loughlin, Mossimo, Felicity Huffman —, Rick, Steven, it's, Steven Ma's, Dave, Val Verde, Angelica, I'm, I've, Joanne, Arnold Schwarzenegger, California's, Pegasus —, Dave Long's, Dave Long, Perris , California Christopher Vu, Michael McCormick, McCormick, Suzanne Stotlar, Shelly Yarbrough, Stotlar, Yarbrough, Delaine Eastin, China —, John, Chin Tsai, John Ma, Tsai, Tim Mosenfelder, Tom, Cancan Chu, didn't, weren't, Jun Wang, let's, Fred Van Leuven, Evera Spears, Spears, Todd Robbins, Robbins, Daniel Aldrich, San Diego —, Aldrich, Edgar Dormitorio, Bryan Jue, Aldrich he'd, Dan Aldrich, that's, Riverside Christopher Vu, Davis, memorializing, Cynthia Larive, Mandy Loh, Emily Engelschall, Engelschall, Cathy Wang, Dr, Jihong Xie, Xie, That's, wouldn't, Robert Taylor, Taylor, JiaJing Liu Organizations: Verde Unified School District, Los, Pegasus California, Pegasus, University of California, UC Riverside, Val, UC, UC Irvine, Verde Unified School, California Department of Education, Commission, California, Political, Val Verde Unified School District, Government, UCLA, NBC News, Benz, Bloomberg, San Francisco Bay Area, Blues, University of Southern, Institute of International Education, Daxue Consulting, , Pegasus California School, China Yan Cong, Embassy, ThinkTank, Qingdao, Pegasus Culture Training, LinkedIn, Qingdao Pegasus Education, Beijing Pegasus Education Consulting, Shenzhen Pegasus Information Consulting, Pegasus Education Hong Kong Limited, Hong, Pegasus Education, Qingdao Jimo Pegasus Culture Training, Norco Unified School District, Republican, Riverside County, of Education, Dave Long & Associates, Val Verde Board of Education, Pegasus California High School, Val Verde, Southland, Los Angeles Unified School District, Excellence, Think, Inc, Former, of Fame, Contra Costa Board of Supervisors, Senate, Assembly, Val Verde School District, Beer, Tsingtao Beer Group, Tsingtao Brewery, Qingdao Beer, Insider . University of California, High School, of California, Ivy League, UCI, UCI would've, Western Association of Schools, Colleges, University of California's, College Board School, UC Santa Barbara, District, UC system's Office, UC Office, Irvine, of California's, Val Verde Unified, US News, UC Santa Cruz, UC Merced, UCR, University, UC Riverside ., PCS, Riverside, " University of California, UC Davis, Pacific Academy, UC Berkeley Locations: Southern, Los Angeles, Verde, Val Verde, Riverside County, California, Irvine, American, Qingdao, China, Calif, ., Val, Torlakson, Instagram, Taiwan, Northern California, New York, Seattle, Dallas, Austin, Bay, Pleasanton, San Francisco Bay, University of Southern California, Yale, Georgetown, Stanford, — Berkeley, China —, Riverside, China Yan, Steven Ma's Chinese, Hong Kong, Delaware, Beijing, Shenzhen, Marshall, Laguna Beach , California, It's, Perris , California, Pegasus, Yan, United States of America, Ma, Former California, Sacramento, Tsingtao, Perris , CA, America, Val Verde's, ingratiate, Santa Barbara, — Irvine, San, UC Santa, Berkeley, San Diego, UC Riverside . Long, Shandong Province, Pegasus China, United States, England, Canada, Australia, McCormick
A copy of the Pegasus California School diploma shows that it was issued by the Val Verde Unified School District. Val Verde Unified School District via records request; Samantha Lee/InsiderThe Val Verde Unified School District declined to comment for this story. Pegasus California School in Qingdao, China Yan Cong for InsiderAccording to Long, Pegasus rented its current campus from the Chinese government. The companies had names like Qingdao Pegasus Education LLC, Beijing Pegasus Education Consulting LLC, Shenzhen Pegasus Information Consulting LLC, and Pegasus Education Hong Kong Limited, among others. Pegasus California School; Samantha Lee/InsiderDespite the recent adjustments, Pegasus has continued to try to operate its distinctly Californian brand in mainland China.
Persons: Val, Val Verde's, might've, Steven Ma, , Pegasus, Ma, Christopher Vu, It's, Tony, Thurmond, general's, Samantha Lee, Brennan Burnett, Tom Torlakson, Allen Riedel, Burnett, Ffiona Rees, Rees, Gary Clark, Clark, Torlakson, Riedel, unreceptive, David Long, " Riedel, Long, provosts, Clark marveled, ThinkTank, Ma basked, Ma's, Damien Maloney, Lori Loughlin, Mossimo, Felicity Huffman —, Rick, Steven, it's, Steven Ma's, Dave, Val Verde, Angelica, I'm, I've, Joanne, Arnold Schwarzenegger, California's, Pegasus —, Dave Long's, Dave Long, Perris , California Christopher Vu, Michael McCormick, McCormick, Suzanne Stotlar, Shelly Yarbrough, Stotlar, Yarbrough, Delaine Eastin, China —, John, Chin Tsai, John Ma, Tsai, Tim Mosenfelder, Tom, Cancan Chu, didn't, weren't, Jun Wang, let's, Fred Van Leuven, Evera Spears, Spears, Todd Robbins, Robbins, Daniel Aldrich, San Diego —, Aldrich, Edgar Dormitorio, Bryan Jue, Aldrich he'd, Dan Aldrich, that's, Riverside Christopher Vu, Davis, memorializing, Cynthia Larive, Mandy Loh, Emily Engelschall, Engelschall, Cathy Wang, Dr, Jihong Xie, Xie, That's, wouldn't, Robert Taylor, Taylor, JiaJing Liu Organizations: Verde Unified School District, Los, Pegasus California, Pegasus, University of California, UC Riverside, Val, UC, UC Irvine, Verde Unified School, California Department of Education, Commission, California, Political, Val Verde Unified School District, Government, UCLA, NBC News, Benz, Bloomberg, San Francisco Bay Area, Blues, University of Southern, Institute of International Education, Daxue Consulting, , Pegasus California School, China Yan Cong, Embassy, ThinkTank, Qingdao, Pegasus Culture Training, LinkedIn, Qingdao Pegasus Education, Beijing Pegasus Education Consulting, Shenzhen Pegasus Information Consulting, Pegasus Education Hong Kong Limited, Hong, Pegasus Education, Qingdao Jimo Pegasus Culture Training, Norco Unified School District, Republican, Riverside County, of Education, Dave Long & Associates, Val Verde Board of Education, Pegasus California High School, Val Verde, Southland, Los Angeles Unified School District, Excellence, Think, Inc, Former, of Fame, Contra Costa Board of Supervisors, Senate, Assembly, Val Verde School District, Beer, Tsingtao Beer Group, Tsingtao Brewery, Qingdao Beer, Insider . University of California, High School, of California, Ivy League, UCI, UCI would've, Western Association of Schools, Colleges, University of California's, College Board School, UC Santa Barbara, District, UC system's Office, UC Office, Irvine, of California's, Val Verde Unified, US News, UC Santa Cruz, UC Merced, UCR, University, UC Riverside ., PCS, Riverside, " University of California, UC Davis, Pacific Academy, UC Berkeley Locations: Southern, Los Angeles, Verde, Val Verde, Riverside County, California, Irvine, American, Qingdao, China, Calif, ., Val, Torlakson, Instagram, Taiwan, Northern California, New York, Seattle, Dallas, Austin, Bay, Pleasanton, San Francisco Bay, University of Southern California, Yale, Georgetown, Stanford, — Berkeley, China —, Riverside, China Yan, Steven Ma's Chinese, Hong Kong, Delaware, Beijing, Shenzhen, Marshall, Laguna Beach , California, It's, Perris , California, Pegasus, Yan, United States of America, Ma, Former California, Sacramento, Tsingtao, Perris , CA, America, Val Verde's, ingratiate, Santa Barbara, — Irvine, San, UC Santa, Berkeley, San Diego, UC Riverside . Long, Shandong Province, Pegasus China, United States, England, Canada, Australia, McCormick
A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. The launch of the Model S Plaid, which has already been showcased online, has faced delay and some controversy over an expected airplane-style yoke steering wheel. Musk canceled another variant, Model S Plaid+, which would have had a 33% higher driving range than the Model S Plaid and used advanced battery technology, known as 4680 cells. "The Model S Plaid is definitely intended to help reduce the migration of current Tesla owners out of Tesla," said Ed Kim, vice president at consultancy AutoPacific. Musk has called the Model S Plaid "the fastest accelerating car ever."
Persons: Lucas Jackson, Elon Musk, Musk, Tesla, Jessica Caldwell, Ed Kim Organizations: REUTERS, Tesla, Porsche, Mercedes, Benz, Lucid Motors, Tesla's U.S, Volvo, Model, Plaid, Edmunds, Thomson Locations: New York, U.S, Fremont , California
Tesla's China sales struggle to bounce back from an April slump
  + stars: | 2021-06-09 | by ( Evelyn Cheng | ) www.cnbc.com sentiment -1.00   time to read: +1 min
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Tesla sold 33,463 electric cars in May, up 29% from April's 25,845 units, data released late Tuesday showed. The number still fell short of March's 35,478 car sales. BEIJING — Tesla 's sales in China rose in May from the prior month, but failed to recover levels seen in March , according to the China Passenger Car Association. While Tesla's cars rank among the top 10 new energy vehicles sold in China, the report said local start-ups such as Nio also performed well in May.
Persons: Tesla, Nio Organizations: BEIJING, China Passenger Car Association, Mercedes Benz, BMW, Audi Locations: Tesla China, Shanghai, China, York, .
BEIJING, June 7 (Reuters) - Daimler AG’s main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed. China is Daimler’s biggest country business, with more cars sold there than in Germany and the United States combined. The didn’t specify the base capacities of the factories, but the company has previously said combined capacity of the two plants was 520,000 vehicles a year. According to the document, the joint venture will increase working days to 312 per year at both of its Beijing plants. The latter’s parent, BAIC Group, owns 5% of Daimler, which didn’t answer Reuters’ questions on the capacity upgrade project.
Persons: BBAC, China’s, Foton Organizations: Daimler, BAIC, Mercedes, Benz, Beijing Benz Automotive Co, United Locations: BEIJING, China, Beijing, Stuttgart, Daimler’s, Germany, United States
Martina Navratilova Has Plenty to Say
  + stars: | 2021-06-06 | by ( Matthew Futterman | ) www.nytimes.com + 0.97   time to read: +2 min
As a newly arrived immigrant, Navratilova was called “a walking delegate for conspicuous consumption” by The New York Times in 1975. The article elaborated:She wears a raccoon coat over $30 jeans and a floral blouse from Giorgio’s, the Hollywood boutique. She wears four rings and assorted other jewelry, including a gold necklace with a diamond insert shaped in the figure 1. After Navratilova criticized the government of her adopted country, Connie Chung suggested during a CNN interview that she return to Czechoslovakia. That drove me nuts.”The EvolutionName the qualities that allow a professional athlete to transcend the game.
Persons: Navratilova, Nora Ephron, Connie Chung, , , Pam Shriver, Navratilova’s, Mary Carillo, ” Carillo Organizations: The New York Times, Hollywood, Benz, CNN, West, Tennis, Publicly, Wimbledon, Communist, United States Locations: Czechoslovakia, Forest Hills, New York
The Future of Classic Porsches and Jaguars? Electrification
  + stars: | 2021-06-05 | by ( Dan Neil | ) www.wsj.com sentiment -1.00   time to read: +1 min
Christy Butler had arrived with her family to inspect the car of her dreams: an ivory-white ’67 Mercedes-Benz 250 SL with the “pagoda” top. After months of searching for her ideal car, Mr. Davis had found one whose engine he could replace with powerful electric motors, inverters and batteries. Since the work would take several months, he suggested Ms. Butler drive the roadster around for the weekend, pre-surgery. Her passion, her dream of the car fades away.”“When she gets it back,” Mr. Davis said, “she can just press the pedal and go.”Gasoline-to-EV conversions are not new. Facebook and the website EValbum.com document decades of such projects, from mild to wild, mowers to dragsters, by over-functioning DIY Quixotes.
Persons: Marc Davis, , , Christy Butler, Mercedes, Davis, Butler, ” Mr, It’s, Organizations: Benz, JPL, British, Facebook Locations: Austin , Texas, Pasadena , Calif, China
Portfolio Rebalancing Is a Good Retirement Habit
  + stars: | 2021-06-04 | by ( Anne Tergesen | ) www.wsj.com + 0.64   time to read: 1 min
Here is something retirees ignore at their peril: Portfolio rebalancing, a simple technique that calls for periodically skimming profits from winners and plowing the proceeds into losers. Rebalancing is a good idea at any age. Rebalancing can also help retirees produce a stream of income from a diversified portfolio of stocks and bonds, Ms. Benz said. With stocks near all-time highs, now is a good time to get in the habit. Here are ways to use rebalancing to your advantage in retirement.
Persons: , Christine Benz, Benz Organizations: Morningstar Inc
Why inflation is both good and bad for your wallet
  + stars: | 2021-06-03 | by ( Greg Iacurci | ) www.cnbc.com + 0.00   time to read: +3 min
Historical perspectiveThere are a few times in history when savers derived a negative net return after accounting for inflation. If you owe money, inflation is a very good thing. If people owe you money, inflation is a bad thing. "If you owe money, inflation is a very good thing," Roth said of consumers with loans. "If people owe you money, inflation is a bad thing."
Persons: Thomas Trutschel, Christine Benz, Uncle Sam, Allan Roth, Roth, Lael Brainard, Lassus Organizations: Photothek, Morningstar, Federal Locations: Colorado Springs , Colorado
In it, Galloway talks about famous CEOs, from Yahoo's Marissa Mayer to WeWork's Adam Neumann, who cost their companies millions. I've lost a lot of other people's money. Working with OPM (i.e., Other People's Money) is often phrased as a positive, but the real luxury is to be in a position to lose your own capital. That's $9.9 billion turned to ash in four years (or 13.5 Burj Khalifas), for a DBB of $6.8 million. That equates to an impressive $7.8 million DBB.
Persons: Scott Galloway, Galloway, Marissa Mayer, WeWork's Adam Neumann, I've, there's, we've, Daily Benjamin Burn ™, Benjamins, they've, Benjamin Burn, Jeffrey Katzenberg, Meg Whitman, Roku, Jeff, Meg immolated, Gray Lady, Jesus …, Meg, Mayer, That's, Adam Neumann, Softbank, Neumann, Randall Stephenson, John Stankey, you've, Stephenson, Stankey, Steve Ballmer's, Ballmer, Bernie Madoff, Madoff, Pierre Cardin, Hartmann, he'd, He's, , Scott Organizations: NYU Stern, Daily, Burj, New York Times Company, Board, Google, Rockefeller, Yahoo, Verizon, Gulfstream, DirecTV, Mobile, Warner, Microsoft, Nokia, Daimler, Benz, Chrysler, Izod, & $ Locations: America, China, Alibaba, Americas
Hyundai raises hydrogen game as new trucks roll into Europe
  + stars: | 2021-05-24 | by ( Vera Eckert | John Revill | ) www.reuters.com + 0.00   time to read: +7 min
FILE PHOTO: New hydrogen fuel cell trucks made by Hyundai are pictured at the Verkehrshaus Luzern (Swiss Museum of Transport) in Luzern, Switzerland October 7, 2020. HHM, a joint venture between Hyundai and Swiss hydrogen company H2 Energy, has been renting out “green” hydrogen trucks to commercial clients in Switzerland since last October in the world’s most advanced pilot in the field. Although more expensive than battery electric vehicles, fuel cell electric vehicles, driven by on-board hydrogen, will potentially benefit from Europe’s desire to build a world-leading industry around the hydrogen technology. Bosch, a fuel cell proponent, has entered into a joint venture with China’s Qingling Motors to supply fuel cell systems for 2022/2023. U.S. engine maker Cummins, due to start building a fuel cell system factory in Herten, Germany, later this year, sees no conflict.
Persons: Denis Balibouse, Mark Freymueller, , ” Freymueller, Germany’s, , Steffen Stumpp, ” Nadine Sigrist, Amedee Murisier, Murisier, Mercedes Benz, Martin Daum, Nikola, Matthias Gruendler, Andreas Kammel, Traton, Bosch, Cummins, BEV, Amy Davis Organizations: Hyundai, Luzern, Swiss Museum of Transport, REUTERS, Hyundai Hydrogen Mobility, H2 Energy, Reuters, Germany’s Daimler, Sweden’s Volvo, Iveco, Hydrogen, Migros, Linde, McKinsey, Volvo, Daimler, “ Hyundai, Nikola, Daimler Truck, DAF, Volkswagen, MAN, Scania, China’s, New Power, Cummins Locations: FRANKFURT, Europe, Luzern, Switzerland, Swiss, “ Germany, Netherlands, Austria, Norway, France, Italy, Spain, Denmark, American, Zurich, Niedergoesgen, Americas, Herten, Germany
Pope Francis, who has frequently spoken out on environmental issues, will trade in his popemobile for a new model running entirely on battery power. It will be based on the Fisker Ocean SUV that the company plans to put in production in 2022. "I got inspired reading that Pope Francis is very considerate about the environment and the impact of climate change for future generations," Henrik Fisker said in a statement. Fisker co-founders, Henrik Fisker and Dr. Geeta Gupta-Fisker, during a private audience with Pope Francis in Vatican City on May 20, 2021. Fisker founder and CEO Henrik Fisker has promised to offer an array of options for the retail model.
Persons: Pope Francis, Henrik Fisker, Geeta Gupta, Fisker, Pope Pius XI, Pope John Paul II, Francis, there’s, Toyota’s, ” Fisker, Pope, Aston Martin Organizations: NBC, Toyota, It’s, Mercedes, Benz, NBC News, Ford, General Motors, Volkswagen, Lordstown Motors, Fisker Automotive, Aston, Aston Martin DB9, BMW Z8 Locations: California, Vatican City, Argentine, St, Austria, United States, Italian, Danish
Pope Francis approved plans for a new electric popemobile made by Fisker. The modified Ocean SUV will feature an all-glass cupola for maximum visibilityWhen Pope Francis took over the papacy he opted for a Hyundai popemobile. Fisker, an American electric car startup, reached an agreement with the Vatican to design a new electric popemobile for Pope Francis. "The interior of the Fisker Ocean papal transport will contain a variety of sustainable materials, including carpets made from recycled plastic bottles from the ocean." However, Insider reported that in 2015, after Pope Francis took over the papacy, he broke Mercedes-Benz's 80-year streak of making popemobiles and went for a Hyundai instead.
Persons: Pope Francis, Pope Francis ., Henrik Fisker, Geeta Gupta, Fisker, Pope John Paul II, Pope Organizations: Hyundai, EV, Benz, United States Conference of Catholic, Mercedes Locations: American, Vatican City, Japan
Daimler Truck 'all in' on green energy as it targets costs
  + stars: | 2021-05-20 | by ( Nick Carey | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Fabian Bimmer/File Photo/File PhotoGerman carmaker Daimler plans to spin off Daimler Truck later this year as it seeks to increase its investor appeal as a focused electric, luxury car business. “Both technologies (electric and hydrogen) will be needed,” Daimler Truck CEO Martin Daum told an investor presentation on Thursday. Daimler Truck executives said it will cut costs and capital expenditure while focusing on maintaining double-digit margins in North America. “Europe is our biggest challenge.”By 2025 Daimler Truck is targeting margins above 10% under favourable market conditions, and between 6% to 7% under poor conditions, executives said. Daimler Truck also plans to cut personnel costs by 300 million euros ($366 million) by 2022.
Persons: Fabian Bimmer, Daimler, Martin Daum, Daum, ” Daum, , Shell Organizations: Daimler, IAA, REUTERS, Daimler Truck, Contemporary Amperex Technology, Mercedes, Benz, Shell, Volvo Locations: Hanover, Germany, North America, Europe, Asia, Rotterdam, Netherlands, Cologne, Hamburg
Daimler Truck, Shell sign agreement on hydrogen trucking in Europe
  + stars: | 2021-05-20 | by ( ) www.reuters.com + 0.83   time to read: +1 min
The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke/File PhotoDaimler Truck and Shell New Energies said on Thursday they have signed an agreement under which Shell commits to setting up hydrogen-refuelling stations for heavy-duty trucks that Daimler Truck will sell to its customers. Under the agreement, Shell will from 2024 launch heavy-duty hydrogen-refuelling stations between the green hydrogen production hubs at the Port of Rotterdam in the Netherlands and in Cologne and Hamburg in Germany. Daimler Truck meanwhile aims to start delivering heavy-duty hydrogen trucks to customers in 2025. Our Standards: The Thomson Reuters Trust Principles.
Persons: Hannibal Hanschke Organizations: Daimler, REUTERS, Shell, Port, Benz, Thomson Locations: Berlin, Germany, Rotterdam, Netherlands, Cologne, Hamburg
Tesla plans to deliver Model S Plaid in June after months of delays
  + stars: | 2021-05-20 | by ( Lora Kolodny | ) www.cnbc.com + 0.00   time to read: +3 min
Specifically, he wrote: "Tesla Model S Plaid delivery event June 3 at our California factory. Musk and Tesla first promoted and promised Plaid versions of the Model S, Model X SUV and Tesla Roadster in September 2019. Tesla drew criticism when it revealed the interior of the Model S Plaid during an earnings update in January this year. Barry Stuppler, a longtime Tesla owner who ordered his first Model S in 2014, spoke with CNBC about his long wait for the new version of the Model S.He ordered a Model S Plaid in January 2021, with plans to give his older Model S to his son. Stuppler said he loves his old Tesla Model S and never needing to get gas.
Persons: Elon Musk, Tesla, Musk, Joe Rogan, Barry Stuppler, Stuppler, Mercedes EQS Organizations: Plaid, Tesla Roadster, Model, CNBC, Tesla, Stuppler, Benz, Porsche, Audi Locations: Fremont , California, California
Yale's most popular class in history teaches you science-backed steps to becoming happier. Professor Laurie Santos' free online version, The Science of Well-Being, is also incredibly popular. Naturally, the course quickly became the university's most popular class in its 319-year history. Throughout 2020, a whopping 3.4 million people enrolled in the happiness course online as they stayed home during the COVID-19 pandemic. Or, keep reading for an overview of what to expect and a firsthand review of the online course.
Persons: Laurie Santos, question's, Santos, Mara Leighton, , You'll Organizations: Yale, Benz, Research
NEW YORK (Reuters) - A Florida private equity manager has been indicted on charges he lied about his investors in order to obtain a $95 million bank loan for his $500 million fund, federal prosecutors in Manhattan said on Wednesday. FILE PHOTO: An exterior view of the federal courthouse at 500 Pearl Street is seen in New York December 5, 2011. REUTERS/Chip EastElliot Smerling, 52, of Lake Worth, Florida, was charged with wire fraud and bank fraud, each carrying a maximum 30-year prison term, as well as aggravated identity theft. Among the alleged investors were three banks and endowment funds for NYU and the University of Miami, as well as Cohen, Silicon Valley Bank said in its civil complaint. The bank case is Silicon Valley Bank v. JES Global Capital GP III et al in the same court, No.
Persons: Chip East Elliot Smerling, Smerling, Steven Cohen, David Kubiliun, Cohen Organizations: YORK, REUTERS, Silicon Valley Bank, New York Mets, JES Global Capital, New York University, Prosecutors, Valley Bank, NYU, University of Miami, Audi, Cadillac, Ferrari, Mercedes, Benz, Porsche, ., Court, Southern District of, JES Global Locations: Florida, Manhattan, New York, Lake Worth , Florida, Santa Clara , California, Silicon, West Palm Beach , Florida, Brazilian, Brazil, U.S, Southern District, Southern District of New York
Daimler hasn’t yet disclosed how many shares will be allocated to each business and how much of the truck business it wants to keep. “Daimler will retain a significant minority in the truck unit,” Mr. Wilhelm said. About €128 billion, equivalent to $155.8 billion, will be taken on by the car business, while the remaining €25 billion will be shouldered by the truck business, Mr. Wilhelm said. Spinning off the truck business will allow Mr. Wilhelm to modernize further the finance function of the car business. Photo: Alex Kraus/Bloomberg News“What sits today at the central and Mercedes level, will be even further streamlined, integrated and simplified,” Mr. Wilhelm said.
Persons: Harald Wilhelm, Daimler hasn’t, , Mr, Wilhelm, ” Mr, Jochen Götz, Alex Kraus, Daniel Schwarz, , Philippe Houchois, — William Boston, Nina Trentmann Organizations: Daimler, Mercedes, Benz, “ Daimler, , Bloomberg, Stifel Europe Bank AG, Stifel Financial Corp, Volkswagen, General Motors Co, Jefferies Financial, Inc, Tesla Inc Locations: Stuttgart, Germany, Spain, Philippines
The stock market is sliding. Should you get out?
  + stars: | 2021-05-12 | by ( Annie Nova | ) www.cnbc.com sentiment -0.99   time to read: +1 min
With news that inflation is speeding up faster than it has in more than a decade, investors are on edge. That's because when the cost of living goes up, investment returns also need to go higher for people to maintain the same buying power. Stocks are already reflecting investors' concerns, with the Dow Jones Industrial Average down more than 400 points on Wednesday, and the S&P 500 declining 1.5%. Despite the recent drops, the market has been good to investors over the last year. From January 2020 to the beginning of this month, the S&P 500 has had an annual return of more than 20%, according to Morningstar Direct.
Persons: Christine Benz, Stocks, it's, Douglas Boneparth, Boneparth Organizations: Morningstar, Dow Jones, Finance, Bone Locations: New York
Genesis, under Hyundai's corporate umbrella, has been its own luxury brand since 2015. A hard disciplineWe've seen some striking and capable new products come out of the Genesis brand in recent years. What's more, in its home South-Korean market, Genesis sales have already surpassed BMW and Mercedes. The 2021 Genesis GV80 SUV. It'll definitely be interesting to see how the Genesis brand will evolve as we head into an electrified automotive world.
Persons: there's, Genesis, , it's, Guillaume Fournier Genesis, Richard Trevisan, Trevisan, We've, Bianca Pettinaro, Guillaume Fournier, I've, It's, Pettinaro, Tesla, today's, What's, Pellad Organizations: Hyundai, Acura, Infiniti, Lexus, Honda, Nissan, Toyota, Audi, BMW, Benz, North, Forbes Wheels, JD, Genesis Motors Canada, Volvo, Mercedes, US, Genesis Canada, Genesis North America Locations: North American, Korean, Lincoln, Canada, American, Shanghai
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