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The strike cost at GM reflects 16 days in which production was stopped at one GM assembly plant, a mid-size pickup truck and van factory in Wentzville, Missouri. The UAW ordered a strike at a GM SUV assembly plant in Lansing, Michigan, on Sept. 29. Against that backdrop, GM said in a securities filing that it has locked in a new, $6-billion line of credit through October 2024. The additional liquidity will require GM to maintain at least $4 billion in global liquidity and $2 billion in U.S. liquidity. Rival Ford Motor (F.N) secured a new $4 billion line of credit in August.

Persons: Rebecca Cook, JP Morgan, Ford, Joe White, David Shepardson, Mark Porter, Nick Zieminski Organizations: General Motors, REUTERS, Rights, Wednesday, United Auto Workers, Detroit Three, GM, UAW, Citibank, Chevrolet, GMC, GMC Yukon, Cadillac, Ford, Thomson Locations: Detroit , Michigan, U.S, Wentzville , Missouri, Lansing , Michigan, Fairfax , Kansas, Kansas, Ohio, Indiana

☆ GM secures new $6 billion credit line as UAW strike costs reach $200 million
▼ + stars: | 2023-10-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. The targeted strikes already cost the automaker $200 million during the third quarter, GM said Wednesday. A GM spokesman said the $200 million strike cost is due to lost production on wholesale volume, largely due to the UAW's initial Sept. 15 strike at GM's midsize truck and full-size van plant in Wentzville, Missouri. The strike has since expanded to GM's parts and distribution facilities nationwide and, as of last Friday, a crossover plant in mid-Michigan. As a result of the strike in Missouri, GM also idled its Fairfax Assembly Plant in Kansas, where it builds the Cadillac XT4 SUV and the Chevrolet Malibu sedan, and laid off nearly 2,000 workers.

Persons: General Motors, Paul Jacobson, CNBC's Phil LeBeau, Mary Barra, Jim Farley, Shawn Fain, Fain Organizations: DETROIT, General, United Auto Workers, UAW, GM, Fairfax Assembly Plant, Chevrolet Malibu, Ford Motor, Ford, Chrysler Locations: Wentzville , Missouri, Michigan, Missouri, Fairfax, Kansas

Aaron Rodgers attended a team meeting at the New York Jets’ New Jersey hotel Saturday night and is expected to attend the game against the Kansas City Chiefs on Sunday night, according to a person with knowledge of the situation. Rodgers was injured four snaps into his debut with the Jets on Sept. 11 against Buffalo. “You never know who you’re going to see at the game,” Rodgers said with a grin. The person spoke to The Associated Press on condition of anonymity because the team didn’t announce Rodgers had rejoined his teammates. I hope it is this weekend.”Two days after the injury, Rodgers had surgery performed by Dr. Neal ElAttrache in Los Angeles.

Persons: Aaron Rodgers, Rodgers, Pat McAfee, ” Rodgers, Taylor Swift, Travis Kelce —, Robert Saleh, “, Garrett Wilson, Neal ElAttrache, wouldn’t Organizations: New York Jets, Kansas City Chiefs, Jets, Buffalo, MetLife, Chiefs, Associated Press, New York, AP NFL Locations: New Jersey, Malibu , California, Los Angeles

☆ Shrek’s ‘swamp’ now available to rent on Airbnb
▼ + stars: | 2023-09-27 | by ( Francesca Street | ) edition.cnn.com time to read: +3 min

But this new Airbnb listing in the Scottish Highlands is an exception to the rule. Shrek’s “swamp” is located on the grounds of Ardverikie Estate, a 19th-century Scottish mansion in the Scottish Highlands, some 60 miles south of the city of Inverness. One-off experienceShrek's home is located in the Scottish Highlands. While vacationers will need to organize their own travel to and from the Highlands location, their sojourn at Shrek’s house will be free. Alix McIntosh/AirbnbIf images provided by Airbnb are anything to go by, vacationers can expect a faithful recreation of Shrek’s humble, swampy abode.

Persons: it’s, Alix McIntosh, Airbnb, HopScotch, Baz Luhrmann, Barbie, ”, “ Outlander Organizations: CNN, Scottish Highlands, DreamWorks Locations: Scottish, Ardverikie, Inverness, Scotland, Moulin Rouge, Malibu , California, Balmoral, London, Bank

☆ Airbnb is offering a weekend stay at Shrek's Swamp in the Scottish Highlands: Here’s how to book
▼ + stars: | 2023-09-26 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Shrek's Swamp will be available for a three night stay from Oct. 27 to Oct. 29. Three months after offering a stay at Barbie's Malibu DreamHouse, Airbnb's latest stunt is a long weekend at Shrek's Swamp. "Ogre enthusiasts can find peace and quiet watching the leaves fall in this mud-laden, moss-covered, murky-watered oasis that is Shrek's Swamp," the listing for the property based on DreamWorks' 2001 hit animated film reads. The bedroom is designed to look exactly how it does in the 2001 animated film. The stay even features Shrek's outhouse.

Persons: Airbnb's, Alix McIntosh Organizations: Malibu, DreamWorks, Scottish Highlands Locations: Scottish

Houses at the Redhill Peninsula, a luxurious residential estate in the Tai Tam area of Hong Kong, on September 13. She was referring to the Hong Kong International School, one of the most prestigious in town. Flooded roads after heavy rains in Hong Kong on September 8. Typhoon Saola, which barreled through Hong Kong on September 1, was the strongest to hit the city in five years. Scientists say climate change will make such weather events only more frequent and some are urging Hong Kong to rethink its rain mitigation strategy.

Persons: Hong Kong CNN —, Feng Shui, –, Benny Chan, Chris Lau, ”, Tyrone Siu, Saola, Haikui, Hong Kong, Leung, ” Leung, Mai, Ray Su, Su, wouldn’t, John Lee, Chan, ” Chan, “, Chan Kim Organizations: Hong Kong CNN, South China, Hong Kong Institute of Architects, CNN, Redhill, Porsche, Rover, Ferrari, Hong Kong International School, RTHK, University of Hong, Hong Kong’s Buildings Department, Liber Research Locations: Hong Kong, South, tycoons, Redhill, Tai Tam, Malibu, Los Angeles, “, Hong, University of Hong Kong

During his appearance on the show last week, the 39-year-old Rodgers spoke of using the doubters and people’s theoretical timelines to recover as motivation. Political Cartoons View All 1176 Images“I don’t want to get caught in the timeline,” Rodgers said. “It's been tough,” Rodgers said during the video call in the middle of a rehab session. There have also been reports Rodgers had a “speed bridge” procedure, which is designed to accelerate the normal rehabilitation process. This is the time for me to kind of sit and receive and try to find some joy in the process.

Persons: — Aaron Rodgers, Pat McAfee, ” Rodgers, Rodgers, —, “, you’re, Jordan Love, Love, “ It's, it's, Robert Saleh, Bryant, Dr, Neal ElAttrache, wouldn’t, who's, It's, There’s, Tony Adams, Wes Schweitzer, LT Duane Brown, John Franklin, Myers, Greg Zuerlein, Brown, Zuerlein Organizations: New York Jets, Jets, Buffalo Bills, Bears, Packers, Dallas, Kobe, Muse, Basketball, New England, Franklin Locations: FLORHAM, N.J, Green, Chicago, Jersey, Malibu , California

☆ GM and Stellantis just laid off more than 2,000 additional workers because of the UAW's strike
▼ + stars: | 2023-09-20 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +1 min

General Motors and Stellantis said they have laid off additional workers because of consequences related to the United Auto Workers strike. The plants make parts for Jeep vehicles built at the automaker's Toledo Assembly Complex, where workers are also on strike. GM's Fairfax Assembly plant builds the Chevrolet Malibu sedan and Cadillac XT4 crossover. "We have said repeatedly that nobody wins in a strike," GM said in a statement. Nearly 13,000 GM, Ford and Stellantis workers are on strike at the Wentzville, Toledo and Wayne plants.

Persons: Stellantis, Fairfax, Shawn Fain Organizations: Motors, United Auto Workers, GM, automaker's, UAW, Ford Motor, Chevrolet Malibu, Ford Locations: Fairfax , Kansas, Wentzville , Missouri, Ohio, Indiana, automaker's Toledo, Toledo, Wayne , Michigan, Detroit, Fairfax, Wayne

☆ Elon Musk worried his father was 'uncomfortably attentive' to his stepdaughter when she was 15, biographer says. His father later had 2 kids with her.
▼ + stars: | 2023-09-18 | by ( Grace Kay | Grace Dean | ) www.businessinsider.com time to read: +6 min

Elon Musk worried about the attention Errol Musk was giving his stepdaughter when she was 15, according to a new book. Errol Musk told Insider the claims were "balderdash" and said he was equally attentive to his kids. Over a decade later, Errol Musk fathered two children with the same stepdaughter, Jana Bezuidenhout. Elon Musk invited his father to live near himIsaacson wrote in the biography that Elon Musk convinced his father to move with his then-wife and stepchildren from South Africa to Los Angeles in 2002. AdvertisementAdvertisement"I tried threats, rewards, and arguments to change my father for the better," Elon Musk told Isaacson in the book.

Persons: Elon Musk, Errol Musk, Errol, Jana Bezuidenhout, Walter Isaacson, Elon, Jana, Isaacson, Elon Musk's, Grimes, Musk, Heide Bezuidenhout, Rose, Heide, Kimbal, Kimbal Musk, Stone, Elon Musk —, —, didn't Organizations: Service, Elon, Rover, Sunday Times, Facebook Locations: Wall, Silicon, South Africa, Los Angeles, Malibu

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat it's like to drive the world's fastest EV — the Rimac NeveraRimac is Croatia's first and only automaker. Its 35-year-old founder, Mate Rimac, started tinkering with electric vehicles after he blew the engine in an old BMW he raced as a teen. After rebuilding it with an electric drivetrain – and winning some races – he founded Rimac Automobili in 2009, and today the company has released an electric supercar, the Nevera. CNBC's John Rosevear gives the $2.1 million EV a test drive in the canyon roads above Malibu to find out if it lives up to the hype.

Persons: Mate Rimac, Rimac Automobili, CNBC's John Rosevear Organizations: BMW Locations: Malibu

☆ Take a look at the powerful and easy-to-drive $2.1 million Rimac Nevera electric hypercar
▼ + stars: | 2023-09-16 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

MALIBU, California – The most amazing thing about the $2.1 million Rimac Nevera is how easy it is to just get in and drive. It sits low — very low — to the ground, and at first glance it looks like the simple act of getting into it could be complicated. Gears are shifted with a big knob to the left of the steering wheel, the power seat's adjustments are hidden in a touchscreen, and switches for the turn signals and headlights are mounted directly on the steering wheel. One of the first things I noticed as we got underway is that it's easy to see out of the Nevera. And the Nevera is very special indeed — as it should be for its just over $2 million asking price.

Persons: you've, That's, There's, Rimac's Ryan Lanteigne Organizations: Ferraris Locations: MALIBU, California, Croatia

☆ His Friend Wagered He Couldn’t Flip This $42.5 Million Megamansion. He’s All In.
▼ + stars: | 2023-09-08 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: malibu

☆ His Friend Wagered He Couldn’t Flip This $42.5 Million Megamansion. He’s All In
▼ + stars: | 2023-09-07 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

Persons: Dow Jones Locations: malibu

It forecasts that Britain, with a 2030 fossil-fuel car sale ban, could be short 25,000 EV technicians by 2032. And Australia could be 9,000 EV technicians short by 2030, the Victorian Automotive Chamber of Commerce predicts. CEO Lawrence Whittaker said Warrantywise must use expensive franchise dealers to fix EVs because they more often have qualified technicians than independent shops. Customers lacking EV repair options already come from far afield. The IMI estimates 20% of UK automotive technicians have received some EV training, but only 1% are qualified to do more than routine maintenance.

Persons: Rex Nielsen, Mark Syvret, Renault Zoe, Nick Carey, Roberto Petrilli, Lawrence Whittaker, Warrantywise, Mark Darvill, Darvill, Hillclimb's, Addison Lee, Andrew Wescott, Tesla, Daniel Brown, Germany's Lucas, David Etzwiler, Etzwiler, Collin Jennings, Jennings, Steve Nash, Nicholas Wyman, you'll, Aurora Ellis Organizations: Renault, REUTERS, EV, Motor Industry, of Labor Statistics, Victorian Automotive Chamber, Commerce, Auto, Reuters, UK, Tesla, IMI, Siemens Foundation, Traders ' Association of New, MTA NSW, U.S . Institute, Workplace, Thomson Locations: Ash Vale, Britain, DETROIT, MILAN, England, Milan, Melbourne, Malibu, Italy, Hertford, China, India, Europe, United States, Australia, High Wycombe, London, Traders ' Association of New South Wales, NSW

VACCARELLO’S DEBUT FOR Saint Laurent wasn’t as rapturously received as Yves Saint Laurent’s for Dior. “Anthony has been scrutinized and told his dresses were too vulgar or too sexy,” he says. At the beginning of his tenure at Saint Laurent, it sometimes seemed like Vaccarello was art directing someone else’s movie. Illuminated by the soft glow of chandeliers — a reference to the ballroom at Paris’s InterContinental hotel, the frequent site of Saint Laurent’s presentations — the women summoned the femmes fatales of Helmut Newton photographs. “Now that I’m a free man, I feel inclined to say that I think that what Anthony has done with Saint Laurent has been positively brilliant.

Persons: Saint Laurent wasn’t, rapturously, Yves Saint Laurent’s, Saint, Flinn, “ Anthony, Vaccarello, Saint Laurent, Luchino Visconti, Rainer Werner Fassbinder, can’t, he’s, Helmut Newton, Henri Pinault, ”, Tom Ford, Anthony Organizations: Saint Laurent, Dior, Montaigne, —, Eiffel, InterContinental Locations: Saint, Malibu , Calif

☆ $2.2 Million Homes in California
▼ + stars: | 2023-09-04 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

It was recently renovated and has new electrical and plumbing systems; new interior and exterior lighting; and new windows. The property is less than half a mile from hiking trails that wind through the Upper Las Virgenes Canyon Open Space Preserve. The Commons at Calabasas, a large shopping center, is about 10 minutes away. Downtown Los Angeles is an hour’s drive. Size: 2,776 square feetPrice per square foot: $792Indoors: The front yard was landscaped during the renovation, and wide concrete stairs complement the plantings, leading up to the front door.

Persons: Charles Du Bois Organizations: MGM, Malibu, Downtown Locations: Los Angeles, Calabasas, Downtown Los Angeles

☆ Water Is Essential to Life. How Could It Ever Go Out of Style?
▼ + stars: | 2023-08-30 | by ( Erica Jean | ) www.nytimes.com time to read: +1 min

In preparation for her head-turning appearance at the 2019 Met Gala, Kim Kardashian met with the fashion designer Thierry Mugler to conceptualize her look. “Who are you, actually?” the designer asked her, according to Mr. Mugler’s manager at the time. “How would you define yourself?”When she responded, “I’m just a California girl,” Mr. Mugler decided he was going to make her just that, the manager, Jean-Baptiste Rougeot, recalled. “He said: ‘Yes, this is it! She is going to be directly out of the ocean, out of Malibu, directly onto the red carpet in New York,’” Mr. Rougeot said.

Persons: Kim Kardashian, Thierry Mugler, “ I’m, ” Mr, Mugler, Jean, Baptiste Rougeot, “, ’, Rougeot, Sophia Loren’s, ”, Kardashian’s Locations: California, Malibu, New York

☆ Check out this $3.6 million Malibu home with boulders coming through living room windows
▼ + stars: | 2023-08-26 | by ( Dan Latu | ) www.businessinsider.com time to read: 1 min

"A couple times of year, go over the surface with a brush attachment," he said. "If you're crazy about it, you could use a steam cleaner. But I don't think that's necessary."

☆ First Asking $74.8 Million, a Malibu Spec Mansion Fetches $26.5 Million at Auction
▼ + stars: | 2023-08-22 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Look of the Week: Is it ever okay to wear white to a wedding à la Lana Del Rey?
▼ + stars: | 2023-08-22 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

And perhaps the single-most asked question: Can you ever wear white? Every June since 2014, Google searches querying the choice to wear white as a wedding guest increased on average by 46%. Lana Del Rey arrived at the high-profile wedding in a white and pink dress some are saying was too close to bridalwear. Peter Cruz/SplashNews.com“I love you Lana but you can’t wear white to a wedding!! Hopefully, at the very least, she didn’t play “White Dress.”

Persons: upstaged, Lana Del Rey, Margaret Qualley, Jack Antonoff, Rey, Zoe Kravitz, Taylor Swift, Cara Delevigne, Peter Cruz, SplashNews.com, Lana, ”, “, Tish Cyrus, Miley, Noah Cyrus, Dominic Purcell, bridesmaids, Cyrus, clamor, Shein, it’s, Margaret ” — Organizations: CNN, Google Locations: cardigan, bridalwear, Australian, Malibu

In 2018, she started her Instagram @cookingwithfiona, specifically to post instructional cooking videos she'd filmed for her daughter. Fiona Afshar makes $129,000 per year, primarily from selling colorful pasta boxes out of her home kitchen in Malibu, California. Shortly after she started her Instagram account, she started making pasta from chef Thomas Keller's tutorials — and her followers ate it up. A homegrown businessIn 2020, Afshar started hosting virtual pasta-making classes for $35 per person. "Fiona's Pasta, Cooking with Fiona, it's more of a passion," Afshar says.

Persons: Fiona Afshar, Afshar, there's, Tristan Pelletier Five, Tristan Pelletier, Ali, Thomas Keller's, Afshar's, Ssense, They'd, Fiona, it's Organizations: CNBC, Gucci Locations: Iran, Malibu , California, California, Afshar

☆ Couple Who Sold Malibu Mansion to Beyoncé and Jay-Z Pick Up Beverly Hills Pad for $20.1 Million
▼ + stars: | 2023-08-18 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Persons: Dow Jones Locations: malibu, beverly

☆ Jennifer Aniston and Brad Pitt's 2000 wedding is still remembered fondly by one of their guests
▼ + stars: | 2023-08-16 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Jennifer Aniston and Brad Pitt treated guests at their lavish 2000 wedding like VIPs. Actor Michael Rapaport was a guest on “Watch What Happens Live With Andy Cohen” earlier this week, where he revealed he was among the roughly 200 invited guests at the Malibu wedding. “I was at Brad Pitt and Jennifer Aniston’s wedding. Pitt and Aniston were married for five years before they announced their divorce but remain friendly. Michael Rapaport Recounts Brad Pitt and Jennifer Aniston’s Wedding | WWHLWatch Rapaport talk caviar here.

Persons: Jennifer Aniston, Brad Pitt, Michael Rapaport, Andy Cohen ”, “, Erin Lichy, ” Rapaport, Jennifer Aniston’s, ” Cohen, I’ve, Aniston, Pitt Organizations: CNN, “ Real Housewives, New, Hamptons Locations: New York City

☆ Look inside the $44.5 million Tuscan-style mega villa perched 2,000 feet above Malibu
▼ + stars: | 2023-08-16 | by ( Ray Parisi | ) www.cnbc.com time to read: +6 min

watch nowThe Tuscan-style mega villa that sits high atop Malibu has just been put back on the market with a $44.5 million price tag. Studio 910The French limestone-clad villa's more recent history includes being featured on reality TV and film. Studio 910The primary suite includes vaulted ceilings and two balconies, plus a wraparound terrace. Studio 910The primary suite's third interior balcony overlooks the great room where 35-foot ceilings are clad in walnut wood. Studio 910The kitchen.

Persons: Shawn Elliott, Elliott, Howard Leight, Bob Easton, Leight, Kardashians, Leight's, Howard Leight Jr Organizations: Malibu Rocky, Nest Seekers International, CNBC Locations: Malibu, Santa Monica, Malibu's

☆ $1.2 Million Homes in California
▼ + stars: | 2023-08-14 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

Calabasas | $1.2 MillionA three-bedroom, two-bathroom ranch house built in 1968, on a 0.1-acre lotThis house, which was recently updated with new stucco, insulation, drywall and HVAC systems, is in Calabasas Highlands, a quiet section of the city just off Mulholland Drive. It is less than a 10-minute drive from Bay Laurel Elementary School and Calabasas High School, well-ranked public schools, and about the same distance from the Commons at Calabasas, an outdoor shopping and dining center. Driving to Topanga Canyon, Thousand Oaks or the beaches in Malibu, on the other side of the Santa Monica Mountains, takes about 20 minutes. Beyond is an open family-and-dining room with a fireplace, a beamed ceiling and a door to the rear deck. The adjacent kitchen has refinished oak cabinetry, quartz counters and a breakfast bar.

Organizations: Bay Laurel Elementary School, Calabasas High School Locations: Calabasas, Calabasas Highlands, Bay Laurel, Topanga, Malibu, Santa Monica

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