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☆ Maserati is reviving the iconic GranTurismo as a $174,000 beast that'll come in both electric and gas-powered models — see inside
▼ + stars: | 2023-04-20 | by ( Alexa St. John | ) www.businessinsider.com time to read: 1 min

The Maserati GranTurismo Modena starts at $174,000. Maserati GranTurismo Modena MaseratiInsider got a look inside this vehicle at Maserati's North American headquarters in Metro Detroit, Michigan. Maserati Americas CEO Bill Peffer told Insider that the company's momentum is largely product-focused right now. After stabilizing the business from a profitability standpoint and changing its product mix, Maserati is focused on introducing to customers its all-new showroom. "We have a job to do to make Maserati more familiar to a wider audience while still maintaining that quintessential, true north of luxury," Peffer said.

☆ Maserati's going electric while simultaneously reconnecting to its gas-powered past
▼ + stars: | 2023-04-19 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

Next year, Maserati will reveal a fully electric sedan for which they will be no gas-powered version at all. So does Ferrari, Maserati’s sister brand until a few years ago when it was spun off under its own stock symbol. The Maserati Grecale SUV has an aggressive driving feel. Now that the spinoff of Ferrari has left Maserati the company’s only ultra-luxury brand, Grasso feels more is expected, he said. “We can only be at ease when Maserati’s profitability is above Stellantis’s profitability,” he said.

These kind of megadeals are at the vanguard of billions of dollars of annual spending on classic cars globally in a wave of investment in this alternative asset. "The track record of the past 30 years tells us classic cars have become a financial asset class we want our clients to have in their portfolios." [1/5] A general view of the classic car collection of Florian Zimmermann, owner of over 300 classic cars, in a warehouse in Lindau, Germany, April 5, 2023. "Electrification will favour classic cars," said Cristiano Bolzoni, head of Maserati's vintage car unit Maserati Classiche. "The classic car community has changed tremendously over the past five to 10 years," Zimmermann said.

☆ Carvana customer says he bought his wife a luxury car for $68K — but it turned out to be stolen
▼ + stars: | 2023-03-25 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

A North Carolina man unknowingly purchased a stolen Maserati from Carvana, WTVD reported. "When they check the VIN number on the chassis, that's when they saw that it was a stolen vehicle. VIN on the car on the window and the car door was different," Scott told WTVD. Carvana sent Scott a letter saying it didn't know the car was stolen when the company purchased it. Check to see if the vehicle is stolen," Scott told WTVD.

☆ GameStop surge ignores basic rule of value
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 22 (Reuters Breakingviews) - GameStop (GME.N) investors sent the company’s shares up 40% on Wednesday morning after fourth-quarter results showed it had swung to a net profit. That suggests the company that counts Chewy Founder Ryan Cohen as its chair has put some of its meme-fueled fundraising to use. Unfortunately, investors have forgotten that with such a surge, GameStop will have to grow into a new valuation. The chain reported net profit of $48 million compared with a loss of $148 million in the same quarter a year ago. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ All’s fair in love and stablecoins
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 22 (Reuters Breakingviews) - If a stablecoin isn’t first, it’s last, as Circle has learned this month. The company that issues USDC lost its peg to the dollar earlier this month because of worries about the $3.3 billion it held at Silicon Valley Bank. Though Circle recovered the funds from the bank, customers pulled $6 billion from it, according to Bloomberg. Circle Chief Executive Jeremy Allaire, in contrast, does regular rounds in Washington and has argued for regulation. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Just Eat’s employment U-turn won’t travel
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 22 (Reuters Breakingviews) - Just Eat Takeaway (TKWY.AS) Chief Executive Jitse Groen is speaking out of both sides of his mouth. That marks a U-turn from Groen’s 2021 claim that the gig worker model “led to precarious working conditions”. Just Eat Takeaway will employ food-delivery drivers in the UK as independent contractors or through third party agencies. Sacrificing workers’ rights amid a cost-of-living crisis also doesn’t make Groen look good. But with the European Union passing the legislation to improve workers’ rights, Just Eat Takeaway seems to be exploiting a Brexit loophole.

☆ Nike outruns its competitors
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

Its challenges include unsold goods it has to shift, an 8% drop in year-on-year sales in China, and falling gross profit margins. Nike is nonetheless in a relatively enviable position. Nike is also sporting a five-year total shareholder return of 105%, where Adidas and Under Armour’s are both negative. Even with blips, that shows it has been a better long-term run for investors. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Syngenta’s weakening crops may dim IPO prospects
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 22 (Reuters Breakingviews) - Syngenta’s earnings hit comes at an unfortunate time. Yet a 25% fall in fourth-quarter EBITDA may dim owner ChemChina’s hope for a bumper valuation. Valued on the same 9.2 times multiple as Corteva (CTVA.N), the business may command a valuation of less than $50 billion. In 2022, Syngenta reported the lowest EBITDA growth and margin of its three main rivals: Corteva, Bayer (BAYGn.DE) and BASF (BASFn.DE). They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Maserati listing would need more engine power
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +2 min

MILAN, March 21 (Reuters Breakingviews) - Maserati says it wants to be more profitable before considering a spinoff from 52 billion euro parent Stellantis (STLAM.MI). But assume Maserati were to treble sales to 75,000 units by 2025, a target the company touted in 2020, taking revenue to perhaps 6.7 billion euros, and hit the 20% margin target in that year. It could then already fetch a whopping 15 billion euros if valued at an 11 times 2025 EBIT multiple, in line with Porsche. That would make a spinoff meaningful for Stellantis, giving Grasso reason to step on the gas. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Silk-FAW drops plan to build Italian plant for electric sports cars
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

The facility was part of a wider plan to invest more than a 1 billion euros ($1.1 billion) to build electric cars in Italy under the Hongqi brand. The document includes acknowledgement by the Emilia-Romagna region of Silk-FAW's decision. Silk-FAW did not respond to a request for comment via the company's website. Two sources close to the matter said Italian prosecutors were investigating the Silk-FAW project. Silk-FAW did not respond to a separate request for comment on the matter via the company's website.

☆ Why GM's new Chevy Corvette is a hybrid and not an all-electric car
▼ + stars: | 2023-01-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

The Detroit automaker had discontinued all hybrids, including plug-in hybrids, to focus investment on all-electric vehicles. So why make a hybrid Corvette? 2024 Chevrolet Corvette E-Ray hybrid sports car GMThe C8 features an exclusive Corvette engine and architecture. The hybrid system was specifically designed for the eighth-generation Corvette, according to Harlan Charles, Chevrolet Corvette product marketing manager. 2024 Chevrolet Corvette E-Ray hybrid sports car GM

☆ Andretti's Dennis dominates Formula E's first Gen3 race
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Jan 14 (Reuters) - Britain's Jake Dennis won the first race of electric Formula E's Gen3 era on Saturday with a dominant drive for the Porsche-powered Avalanche Andretti team in Mexico City. The race had three safety car periods and Dennis also set the fastest lap. "To win by that margin, start on the front row and get Porsche a one-two is absolutely incredible," said the Briton. "It was such a physical race, these cars are so hard to drive physically and with the lower grip as well it just makes everything so challenging. Abt's Dutch driver Robon Frijns suffered a broken left wrist after a first lap impact and will have surgery in Mexico, his team said.

☆ Banker bonuses are set to be so bad even the firm's revenue drivers are going to get dinged
▼ + stars: | 2022-12-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. While they aren't internally announced and paid until early next year, firms are wrapping up discussions about the size of bonus pools that divisions will be able to disperse from. And for many firms, the pools are being resized from Olympic to kiddie. The Financial Times reported Friday that JPMorgan Chase, Citigroup, and Bank of America are considering cutting bonus pools within M&A and IPO teams by 30%. More on how crypto firms are hoping ads can quell trust concerns.

☆ Stellantis looks to India for affordable EVs for Europe
▼ + stars: | 2022-11-24 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

NEW DELHI, Nov 24 (Reuters) - Fiat parent Stellantis (STLA.MI) has concluded it can't currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. "So far, Europe is unable to make affordable EVs. Stellantis is investing heavily in EVs and plans to produce dozens in the coming decade, but Tavares warned last month that affordable battery EVs were between five and six years away. The power that is best placed to leverage this opportunity is obviously India," Tavares said. The carmaker plans to launch its first EV in India - an electric model of its Citroen C3 compact car - early next year.

☆ Stellantis looks to India for affordable EVs for Europe amid competition from China
▼ + stars: | 2022-11-24 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

NEW DELHI, Nov 24 (Reuters) - Fiat parent Stellantis (STLA.MI) has concluded it can't currently make affordable electric vehicles in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. "So far, Europe is unable to make affordable EVs. The power that is best placed to leverage this opportunity is obviously India," Tavares said. Stellantis already makes its own electric motors and battery packs, and also has plans to make battery cells. In India, too, Tavares wants to locally procure EV components, including batteries so it can be competitive on cost and price.

☆ Nike execs have become some of the hottest hires in sportswear, triggering a talent war among rivals like Lululemon, North Face, and Columbia — and raising fears of a brain drain
▼ + stars: | 2022-11-07 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

Nike alums lead numerous brands, including Lululemon, Allbirds, Columbia Sportswear, and The North Face. Tim Sheerin, the senior vice president of global wholesale at Columbia Sportswear, at an investor day event this year. The trend has accelerated in recent years, with competing sportswear companies including Lululemon and Allbirds opening offices in Portland, Oregon. While sportswear companies are a natural fit for former Nike executives, nonathleticwear companies also have hired from Nike's top ranks. Crocs, which named the former Nike vice president Emma Minto the senior vice president of the Americas in 2020, also has been on a hot streak.

☆ In the Market For an EV?
▼ + stars: | 2022-10-20 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

Maserati GranTurismo FolgoreItalian for lightning, “Folgore” is the Modena-based company’s new brand mark for EVs. With three motors making up to 1,200 hp combined, the GT Folgore will accelerate to 60 mph in under 3 seconds. Available in the second half of 2023.

☆ Jeep just revealed its first all-electric SUV, one of 4 battery powered SUVs that it's promised will arrive by 2025
▼ + stars: | 2022-10-17 | by ( Stephen Jones | Tim Levin | ) www.businessinsider.com time to read: +2 min

Jeep officially unveiled its first all-electric SUV at the Paris Motor Show, on Monday. The Jeep Avenger will enter the European market in 2023. It's one of four electric SUVs Jeep is set to launch by 2025. "The Jeep Avenger is the first zero emission SUV for the Jeep brand," said Antonella Bruno, head of Jeep Europe at Stellantis, said in a release to accompany the unveiling at the Paris Auto show. The Jeep Avenger is the first of four battery-powered SUVs Jeep plans to launch by 2025.Insider's Tim Levin previously reported that the first two electric Jeep SUVs to enter the North American market under the plan will be the Wagoneer S and Recon.

☆ Tourists in Italy are behaving badly this year: Here’s why
▼ + stars: | 2022-10-15 | by ( Julia Buckley | ) edition.cnn.com time to read: +19 min

With Europe seeing an explosion of visitors a year after Covid travel restrictions dropped, incidents of visitors behaving badly in Italy show no sign of abating. Think that’s bad? Meanwhile in Venice, tourists routinely swim in the UNESCO-protected canals, which double as the city’s sewer system. “Tourists don’t know how to relate to the artistic heritage because they have no relation with our history – so they refer to their cultural imagination, and therefore to our cinema. “So many tourists have said to me over the years, ‘In Italy there are no rules.’ But they are mistaken.

Persons: Gennaro Sangiuliano, ”, Ivan, Haley, destructively, –, surfed, Augustus, ENIT, Eike Schmidt, Florence – Italy’s, we’ve, it’s, Schmidt, serena, panini, Luigi Brugnaro, Gianfranco Zarantonello, “, Zarantonello, zipping, you’d, Tom Jenkins, “ It’s, Nicola Bassano, Dolce, Federico Fellini, Marcello Mastroianni, Anita Ekberg, Trevi, Vita ”, Vita, ” Maria Pasquale, ” Jenkins, Giorgia, Dr Audrey Tang, We’re, they’d, “ Jung, it's, ” Tang, “ That’s, Tang, ” Zarantonello, Lord Byron, Byron, “ Byron, Michelangelo’s Organizations: CNN, UNESCO, carabinieri, Maserati, Vatican Museum, Uffizi, Roma, Tourists, European Tourism Association, United, Vita, Twitter, Parco, British Psychological Society Locations: Italy, Rome, Saudi, Venice, Australian, American, ENIT, Florence, ”, Italian, Czech, Belgian, eFoils, Southeast Asia, France, Spain, ‘, ” Venice, Europe, It’s, Grand, Vatican

☆ Stellantis, GME Resources seal nickel and cobalt deal for battery production
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +2 min

PARIS, Oct 10 (Reuters) - Carmaker Stellantis (STLA.MI) has signed a non-binding preliminary agreement with GME Resources (GME.AX) to secure supplies of nickel and cobalt sulphate for electric vehicle (EV) batteries, the two companies said on Monday. read moreEarlier this year the Franco-Italian group signed a lithium supply agreement with developer Vulcan Energy Resources (VUL.AX) and said it would invest 50 million euros ($48.6 million)to buy an 8% stake in it. read moreRegister now for FREE unlimited access to Reuters.com RegisterStellantis and the GME mining company said in a statement on Monday that the memorandum "represents the first step toward a potential long-term partnership,". The supply will come from a nickel and cobalt advanced mining project in Western Australia called "NiWest", which GME is currently developing, with a planned production of around 90,000 tonnes per year of battery-grade nickel and cobalt sulphate. Stellantis Chief Purchasing and Supply Chain Officer Maxime Picat said that securing the raw material sources and battery supply would strengthen the group's value chain for EV production and support its decarbonisation target.

☆ Maia Sandu s-a întâlnit cu președintele Italiei, Sergio Mattarella. Despre ce au discutat oficialii
▼ + stars: | 2021-06-18 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Președintele Maia Sandu și-a început vizita sa oficială la Roma cu o întrevedere cu omologul său italian. Sergio Mattarella a întâmpinat-o la palatul prezidențial Quirinale, unde Sandu a ajuns cu un bolid de lux marca Maserati. Cei doi șefi de stat au vorbit despre stadiul actual al cooperării bilaterale, despre prietenia care leagă țările lor și dezvoltarea parteneriatului dintre Republica Moldova și Italia. În replică, președintele italian a dat asigurări că Italia va rămâne un susținător activ al țării noastre. La finalul întâlnirii, Maia Sandu l-a invitat pe Sergio Mattarella să facă o vizită în Republica Moldova.

Persons: Maia Sandu, Sergio Mattarella, Sandu, Maria, Roberto Fico Organizations: Maserati Locations: Roma, Quirinale, Republica Moldova, Italia, Chișinău, italian

☆ В Германии украинские Запорожцы продают дороже раритетных Maserati
▼ + stars: | 2021-05-12 | by ( Super User | ) mybusiness.md time to read: 1 min

Это тот редкий случай, когда целесообразно везти автомобиль не из Германии, а в Германию. Хотя, надо сказать, что в большинстве случаев раритетные советские авто пользуются популярностью среди эмигрантов из стран СНГ, пишет topgir.com.ua. Что касается цен, винтажные ЗАЗы в идеальном состоянии трудно купить в Германии дешевле, чем за 5 тысяч евро. Встречаются экземпляры и за 8-10 тысяч евро, как за образец на фото ниже. Самое же любопытное, что за меньшую сумму в Европе продаются ретро Мазерати в коллекционном состоянии.

Persons: заза Organizations: СНГ Locations: Германия, Европа

Şi mai ales, ce înseamnă asta pentru publicul şi admiratorii numărului imens de mărci, incluse în portofoliul noii companii-gigant? Aşadar, trebuie să începem cu enumerarea mărcilor auto, care vor face parte acum dintr-un singur grup. Apropo, pe partea vehiculelor comerciale cele două grupuri mari colaborează de foarte mulţi ani, având aproape toate modelele create pe platforme comune. Peugeot 2008 (stânga) și Jeep Wrangler (dreapta) / Sursa:PiataAuto.mdDeci, cel puţin 15 mărci auto va avea în portofoliu noua companie gigant, fără a lua în considerare mărcile de personalizare precum Mopar sau diviziile de motorsport. Au devenit aceste mărci mai puternice sau pur și simplu și-au unit probleme proprii într-o problemă comună mai mare?

Organizations: Fiat, Alfa, Lancia, Chrysler, Dodge, Jeep, Fiat Chrysler, Opel, Peugeot, General Motors Locations: Maserati

☆ (Видео) В Кишиневе водитель, нарушив ППД едва не сбил патрульного инспектора
▼ + stars: | 2020-12-30 | by ( ) nokta.md time to read: +1 min

Водитель Maserati чуть не сбил патрульного инспектора, проигнорировав его инструкции. Водитель транспортного средства умышленно проигнорировал правила дорожного движения, поставив под угрозу участников дорожного движения, а также здоровье полицейского, находившегося на перекрестке при разжижении дорожного движения. Получив приказ остановиться, водитель начал проявлять крайне агрессивное поведение по отношению к полицейскому, выполнявшему функцию. Помимо поведения, водитель уничтожил спецсредства милицейской техники. Впоследствии, будучи обездвиженным, водитель был доставлен в центральную инспекцию полиции для получения документов.

Organizations: Главная инспекция полиции Locations: Республика Молдова

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