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☆ Chinese Billionaire Accused of Fraud Didn’t Need the Money, Lawyers Say
▼ + stars: | 2024-05-24 | by ( Michael Forsythe | ) www.nytimes.com time to read: +1 min

Lawyers for Guo Wengui, an exiled Chinese billionaire charged with defrauding investors of more than $1 billion, portrayed him on Friday as the dedicated leader of an anti-Communist movement who did not need the money he is accused of stealing. That is “not just illogical, it defies common sense,” Ms. Shroff said. Mr. Guo, who is also known as Miles Kwok or Miles Guo, has been in a federal detention center in Brooklyn since March 2023, when he was arrested at his $68-million Manhattan apartment and charged with fraud and money laundering. Prosecutors say Mr. Guo promised investors shares in his media company, or in cryptocurrency, but instead the money was used to finance his luxurious lifestyle. Among his purchases were a yacht, a $4 million Bugatti sports car and a 50,000-square-foot mansion in New Jersey that cost $26 million.

Persons: Guo Wengui, Sabrina Shroff, Guo, Ms, Shroff, Miles Kwok, Miles Guo Organizations: Communist, Chinese Communist Party Locations: Manhattan, Brooklyn, cryptocurrency, New Jersey

☆ 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

Learn moreGrand Prix de France, or the French Grand Prix, is back for another year. We've got all of the details on where to watch the MotoGP race, including a free live stream. Where to watch MotoGP in the USMax is the streaming home of MotoGP in the US. Shop at MaxWhere to watch MotoGP in AustriaAll MotoGP races air on ServusTV in Austria. How to watch MotoGP from anywhereIf you're outside Austria at the moment, you can still access the free French MotoGP live stream with a VPN.

Persons: We've, Marco Bezzechi, Jorge Martin, Francesco Bagnaia, Max, HBO Max, it's, ExpressVPN Organizations: Business, Prix de France, Bugatti Circuit, MotoGP, HBO, Warner Bros, Austria Locations: Le Mans, France, ServusTV, Austria

☆ 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

☆ Bugatti CEO responds to Elon Musk's claim that Tesla Roadster will be able to do 0-60 mph in under a second
▼ + stars: | 2024-03-04 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

The new Tesla Roadster will be able to go from 0-60 mph in record time, according to Elon Musk. AdvertisementElon Musk's ambitious new promises for the long-awaited Tesla Roadster have raised eyebrows — including Bugatti's CEO's. Last week, Musk announced on X, formerly Twitter, that Tesla had "radically increased the design goals for the new Tesla Roadster." Those numbers, while eye-popping, are technically feasible, according to Mate Rimac, CEO of Bugatti Rimac. AdvertisementIt's not the first time the Tesla CEO has made big promises.

Persons: Elon Musk, Mate Rimac, Nevera, —, Elon, Bugatti's CEO's, Musk, Tesla, Rimac Organizations: Tesla, Service, Bugatti Locations: Croatian

☆ Bugatti CEO responds to Elon Musk's claim that the Tesla Roadster will be able to do 0 to 60 mph in under a second
▼ + stars: | 2024-03-04 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk's ambitious new promises for the long-awaited Tesla Roadster have raised eyebrows — including the Bugatti CEO's. Last week, Musk announced on X, formerly Twitter, that Tesla had "radically increased the design goals for the new Tesla Roadster." Those numbers, while eye-popping, are feasible, Mate Rimac, the CEO of Bugatti Rimac, said. Previously, the Tesla Roadster was billed as reaching 60 mph in 1.9 seconds, a figure that's still up on Tesla's website. "I think it has a shot at being the most mind-blowing product demo of all time," he added on X.AdvertisementIt's not the first time the Tesla CEO has made big promises.

Persons: —, Elon, Musk, Tesla, Rimac, Bugatti Rimac Organizations: Service, Tesla, Bugatti, Business Locations: Croatian

☆ Dubai jet suit race: Real-life ‘superheroes’ take to the sky in inaugural event
▼ + stars: | 2024-03-01 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

Against a backdrop of skyscrapers and super yachts, the airborne athletes competed in the inaugural Jet Suit Race Series, an event organized by the Dubai Sports Council and Gravity Industries, the manufacturers of the jet suit. Browning compares the 1,700-horsepower jet suit to “the power of a Bugatti Veyron” sports car in a 30-kilogram (66-pound) backpack. The jet suit uses aviation fuel or diesel, and can go at speeds of up to 136 kilometers per hour (85 miles per hour), Browning’s own record. In 2020, there was a fatal jetpack accident in Dubai, though it was not a Gravity suit.) Test pilots take off in Gravity Industries jet suits ahead of the inaugural race, in Dubai in February 2024.

Persons: Superlatives ”, ”, Richard Browning, “, Browning, Toby Patterson ‘, Browning’s, Toby Patterson “, Issa Kalfon, Paul Jones, Freddie Hay, Kaflon, Ahmed Al Shehhi, Al Shehhi, he’s, it’s Organizations: CNN, Dubai Sports Council, Gravity Industries, CAA, FAA, Royal Marines, Great North Air Ambulance Service, Industries, British Royal Navy, Commando Royal Marines, JetPack Aviation Locations: Dubai, “ City, Superlatives, UAE, Lake District, California

☆ OpenAI rival Cohere says some AI startups build Bugatti sports cars, 'We make F-150s'
▼ + stars: | 2024-03-01 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

"We don't comment on rumors," Kon told CNBC. Although Cohere is often mentioned alongside AI heavyweights like OpenAI, Anthropic, Google and Microsoft , the startup's focus on enterprise-only chatbots has set it apart. In November, Cohere told CNBC it saw an uptick in customer interest after OpenAI's sudden and temporary ouster of CEO Sam Altman. Cohere's relationships with strategic investors are another area where it differs from generative AI competitors, Kon said. Search, Kon said, is a key piece of generative AI that's getting less attention than other areas.

Persons: Martin Kon, Kon, OpenAI, Cohere, It's, Anthropic, Claude chatbot, who's, Sam Altman, it's, Nvidia –, Lina Khan, That's Organizations: Bugatti, CNBC, Google, Nvidia, Cohere, Salesforce, Oracle, Company, White, Microsoft, Enterprise, Federal Trade Commission Locations: Cohere's

☆ The super-rich are buying more ultra-customized Rolls-Royces and Lamborghinis
▼ + stars: | 2024-02-03 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +10 min

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

☆ This man spent $15,000 making a Tesla Cybertruck out of wood – and he's sending it to Elon Musk
▼ + stars: | 2023-11-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

A Vietnamese man built a fully functional replica of Tesla's Cybertruck out of wood. AdvertisementThe long-awaited Tesla Cybertruck is finally due to arrive in just a few days. The exterior of the wooden Tesla Cybertruck. It seems building a wooden Tesla replica does catch Musk's attention. After creating a wooden replica of the Audi Skysphere he was invited to meet with the company's head of design.

Persons: Truong Van Dao's, Elon Musk, —, Van Dao, Mercedes AVTR, Dao, Tesla, ❤️ — Elon, Business Insider's, Musk Organizations: Service, YouTube, Tesla, Audi, Business Locations: Bac Ninh, Vietnam

☆ Insider Today: Side hustles' turning point
▼ + stars: | 2023-09-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

A new study from Morgan Stanely makes the case that generative AI will enable people to work multiple jobs, writes Insider's Alistair Barr. In the US alone, multi-earning has increased 11% over the past year, largely thanks to the rise of generative AI tools like ChatGPT. New research from EY found that nearly 40% of Gen Zers had a side hustle to earn extra money. Adding fuel to the fire is the fact bosses don't seem to care if their employees are working multiple jobs, albeit with one caveat. To be sure, executives' acceptance of employees working multiple jobs might be short-lived.

Persons: Randy Rush, Morgan Stanely, Alistair Barr, Morgan Stanley, EY, Gen Zers, Zers, Gen, Z, Alex Wong, we're, It's, Peter Brown, alums, —, Brooks Kraft, Cassidy Hutchinson, Rudy Giuliani, Joe Biden, Volodymyr Zelenskyy, Mike Minnis, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Fed, cofounders, Renaissance Technologies, Tesla, Bugatti, Brooks Kraft LLC, Getty, Netflix, United Nations General Assembly, Darden, Olive Garden, LongHorn Locations: Wall, Silicon, Asia, Scottish, —, Europe, Americas, Olive, New York City, San Diego, London

☆ A Tesla sedan drag raced a $4 million Bugatti — the results were surprisingly close
▼ + stars: | 2023-09-20 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

A Tesla Model S drag raced a Bugatti Chiron. The Bugatti won, but the races were surprisingly close given the cost difference between the cars. The channel pitted the sportiest Tesla you can buy — a four-door Model S Plaid with the optional Track Package — against the Bugatti Chiron Super Sport, a multimillion-dollar supercar from a brand synonymous with world-beating performance. But the results were closer than you might expect — especially given that the Model S will run you only a little over $100,000. I say "only" because the Chiron Super Sport would have cost at least $4 million when new.

Persons: Bugatti Chiron, Chiron, Bugatti, Tesla Organizations: Tesla, Bugatti, Service, Plaid Locations: Wall, Silicon, Teslas

☆ 'I was financially healthy and emotionally bankrupt,' says Harvard MBA: How 'joy-based spending' helped her feel rich and happy
▼ + stars: | 2023-08-30 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Despite being financially well-off, many Americans feel they don't have enough money. One in four people who earn at least $175,000 a year describe themselves as either "very poor," "poor," or "getting by but things are tight," according to a recent Bloomberg survey of 1,000 Americans. This incongruence between salary and happiness might be the product of spending money on all the wrong things, says Manisha Thakor, author of the recently released book "MoneyZen: The Secret to Finding Your 'Enough.'" "I was financially healthy and emotionally bankrupt," she says. There are three tools, which she describes in her book, that have helped her embrace what she calls "joy-based spending."

Persons: Manisha Thakor, Aston Organizations: Bloomberg, Bugatti Locations: Aston Martin

☆ A Lego Crime, a YouTube Rivalry, and the End of a Star Wars Friendship
▼ + stars: | 2023-05-21 | by ( David Kushner | ) www.businessinsider.com time to read: +30 min

Those who are into Lego Star Wars are among the most popular. It was at an informal contest where Louis met Victor, a fellow Lego Star Wars fanatic. Soon they ranked among the most popular Lego Star Wars YouTubers in France, known for the size and scope of their MOCs. The two friends no longer fit with that satisfying click that comes from snapping together two Lego bricks. Though it must have taken a truck to haul away all of Louis' Lego, no neighbor reported seeing anything suspicious.

☆ F1 Red Bull Car Simulator on Sale for $120k, More Than a Porsche 911
▼ + stars: | 2023-03-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Red Bull and F1 unveiled its RB18 simulator on Tuesday – based on Max Verstappen's winning car. It's made "using the same process" as the real F1 car – but still costs more than a Tesla Model S Plaid. F1 and Red Bull unveiled the RB18 car simulator on Tuesday, with "The Champions Edition" retailing for £99,999, or around $120,000. The price of the simulator means it is more expensive than many real high end cars. Second-hand supercars from F1 rivals like Ferrari or McLaren might also be bought for less than the RB18 simulator.

☆ Bugatti just sold its last purely gas-powered car for more than $10 million
▼ + stars: | 2023-02-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

New York CNN —Bugatti sold its last purely gas-powered supercar at a Paris auction Wednesday for more than $10 million, setting a world auction record for a new car. Originally a special development model that was never intended to be sold, the one-of-a-kind Bugatti Chiron Profilée sold at RM Sotheby’s Paris collector car auction for a bid of $9.5 million. The Bugatti Chiron Profilée is painted in a special color called Argent Atlantique, a hue developed just for this car. Included in that 500 have been a few variants, such as the Chiron Sport, Chiron Pur Sport and Chiron Super Sport, each with varying degrees of top speed, acceleration and cornering aggressiveness. The Bugatti Chiron Profilée has an aerodynamic wing to increase pressure on the rear wheels at high speeds.

☆ As his beliefs have seeped into homes and classrooms, children as young as 11 think Andrew Tate is their 'god'
▼ + stars: | 2023-01-29 | by ( Lindsay Dodgson | Bethany Dawson | ) www.businessinsider.com time to read: +11 min

Insider spoke with teachers and parents about how Tate's beliefs are seeping into young boys' minds. Insider spoke with seven teachers who said Tate's words and beliefs have significantly impacted their students — some as young as 11 years old. Many young boys are drawn in by this promise of personal development. Mary McCarthy, a mother of four from Dublin, told Insider that Tate seems to have an "intoxicating" effect on her 14-year-old son. Speaking to the BBC, Nia Williams, a psychologist and academic, addressed why so many young boys get "sucked in" by Tate's image.

☆ Why some cars from the 1990s are soaring in value
▼ + stars: | 2023-01-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

CNN —Not that long ago, cars from the 1990s were just used cars. In addition to insuring collectible cars, Hagerty also owns the auction company Broad Arrow. Values for 1990s-era collectible cars have risen by an average of 78% over the past three years, “which is huge,” Rabold said. Cars from the ’90s have at least some modern comfort and safety features, and even relatively inexpensive cars can have respectable power and performance. We’re talking about “collectible” cars.

☆ Bugatti is auctioning off its last purely gas-powered car and it's one-of-a-kind
▼ + stars: | 2022-12-23 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

The Bugatti Chiron Profilée is painted in a special color called Argent Atlantique, a hue developed just for this car. Bugatti RimacThe Bugatti Chiron Profilée was being developed, starting in late 2020, as one of several versions of the Chiron, Bugatti’s primary model. Included in that 500 have been a few variants, such as the Chiron Sport, Chiron Pur Sport and Chiron Super Sport, each with varying degrees of top speed, acceleration and cornering aggressiveness. The Bugatti Chiron Profilée has an aerodynamic wing to increase pressure on the rear wheels at high speeds. Bugatti RimacThe French ultra-luxury car maker had previously indicated that the convertible W16 Mistral, revealed last August, would be its last gas powered car model.

☆ Review: I drove the $2.1 million Rimac Nevera electric supercar. It felt like piloting an ultra-luxury rocket.
▼ + stars: | 2022-11-23 | by ( Alanis King | ) www.businessinsider.com time to read: +9 min

The $2.1 million electric supercar Rimac Nevera has 1,914 horsepower and 1,741 pound-feet of torque. But the Rimac Nevera taught me there's still a lot of that to be done on Earth. Alanis KingThe Nevera is a $2.1 million electric supercar from Rimac, a Croatian carmaker founded in 2009 by the now 34-year-old Mate Rimac. Rimac AutomobiliThe Nevera has four electric motors — one for each wheel — that, combined, make 1,914 horsepower and 1,741 pound-feet of torque. "The car will step out a little," they said, referring to the slide a car's wheels do when they begin to lose traction.

☆ Watch the $2 million Rimac Nevera hit 256 mph to become the world's fastest electric car
▼ + stars: | 2022-11-16 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

The Rimac Nevera is now the fastest production electric car in the world. The company said its supercar hit a blistering top speed of 256 mph. The $2 million Nevera supercar recently hit 256 mph, smashing the world record for speed in a production electric vehicle, Rimac announced on Tuesday. The Rimac Nevera. The Rimac Nevera.

☆ The electric Pininfarina Battista costs a whopping $2 million. Here’s what that gets you
▼ + stars: | 2022-10-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +9 min

If anyone still needs convincing that electric cars need not be boring appliances, the Battista is a convincing, if costly, argument. Electric power promises more acceleration and power without tailpipe emissions and, for better or worse, without the cacophony of a V12. But Lamborghini’s current CEO, Stephan Winkelmann, has said that a proper electric supercar isn’t possible with today’s technology. The Pininfarina Battista puts his skepticism to the test, but, I fear, Winkelmann may just be right. The Pininfarina Battista has a $2.2 million price tag and outrageous performance Andi HedrickThe fully electric Battista was designed and assembled by a company spun off from the better-known Pininfarina design firm that crafted bodies for decades’ worth of beautiful Ferraris.

☆ Watch a tiny electric race car smash the world acceleration record with a 1.46-second run to 62 mph
▼ + stars: | 2022-10-14 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

German students built the world's fastest-accelerating electric vehicle. The carbon-fiber race car zipped to 62 mph in 1.461 seconds late last month. The pint-sized, home-built racer became the fastest-accelerating electric car on Earth last month (certified by Guinness) when it rocketed from a standstill to 62 mph in a blistering 1.461 seconds. "The University of Stuttgart is proud that the GreenTeam has succeeded in setting a new record for the acceleration of e-vehicles. The carbon-fiber car weighs around 320 pounds and makes 241 horsepower, giving a power-to-weight ratio of 1,750 horsepower per ton.

☆ Audi renunță din 2026 la producerea mașinilor cu motor pe benzină și diesel
▼ + stars: | 2021-06-21 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Audi renunță din 2026 la producerea mașinilor cu motor pe benzină și dieselAudi renunţă din 2026 la maşinile cu motor pe benzină şi motorină. Audi, divizie a grupului german Volkswagen AG, va renunţa din 2026 la maşinile cu motor pe benzină şi motorină, a anunţat publicaţia Sueddeutsche Zeitung. Sursa informației este un anunț al şefului Audi, Markus Duesmann, către reprezentanţii companiei. Firma Volkswagen are ca obiectiv să livreze anul acesta un milion de vehicule electrice. Portofoliul grupului Volkswagen este format din 12 mărci, printre care automobilele VW, Audi, Porsche, Skoda, Lamborghini, Seat, Bentley şi Bugatti, dar şi camioanele MAN şi Scania.

Persons: Markus Duesmann Organizations: Audi, Constructorul, Volkswagen AG, Volkswagen, VW, Porsche, Skoda, Lamborghini, Seat, Bentley, MAN Locations: Scania

☆ Audi renunţă din 2026 la maşinile cu motor pe benzină şi motorină
▼ + stars: | 2021-06-19 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: audi.comAudi renunţă din 2026 la maşinile cu motor pe benzină şi motorinăAudi, divizie a grupului german Volkswagen AG, va renunţa din 2026 la maşinile cu motor pe benzină şi motorină, a anunţat publicaţia Sueddeutsche Zeitung, citând declaraţiile şefului Audi, Markus Duesmann, către reprezentanţii sindicatului şi ai conducerii companiei, transmite Reuters. De asemenea, nu vor mai fi vândute nici modele hibride din 2026, compania urmând să se concentreze pe vehiculele electrice. Un purtător de cuvânt al Audi nu a fost imediat disponibil pentru declaraţii. Firma mamă Volkswagen are ca obiectiv să livreze anul acesta un milion de vehicule electrice, scrie Agerpres. Portofoliul grupului Volkswagen este format din 12 mărci, printre care automobilele VW, Audi, Porsche, Skoda, Lamborghini, Seat, Bentley şi Bugatti, dar şi camioanele MAN şi Scania.

Persons: Zeitung, Markus Duesmann Organizations: Audi, Volkswagen AG, Reuters, Volkswagen, Agerpres, VW, Porsche, Skoda, Lamborghini, Seat, Bentley, MAN Locations: Scania

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