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And, fittingly, in the first full year of his reign, the British monarchy introduced a slew of measures to tackle its rising carbon emissions. The King’s two Bentleys will also be modified within the next year to run on biofuel, according to Britain’s PA Media. The Royal Household aims to transition to an “almost fully electric” fleet of vehicles eventually, the accounts said, without providing a target date. Whether biofuels used for vehicles reduce carbon emissions is contentious and depends on many factors, including their source. Crown Estate profits soared in the 2023-24 financial year to a record £1.1 billion ($1.4 billion), boosted by revenue from offshore wind projects.
Persons: London CNN — King Charles III, Prince Harry, Meghan, , Charles ’, Sovereign Grant —, Sovereign Grant, Angela Dewan Organizations: London CNN, Royal, Windsor Castle, Britain’s, Media, Royal Household, SAF, Sandringham Estate, Sovereign, Northern Ireland — Locations: British, Windsor, Windsor Castle —, Sandringham, United States, London, England, Wales, Northern Ireland
LONDON — Britain's King Charles III is set for a bumper £45 million ($58 million) pay raise after profits at the sovereign's public estate more than doubled, according to official records. Profits of The Crown Estate — a portion of which funds the monarchy — increased 148% from £443 million in 2022-23 to £1.1 billion ($1.4 billion) in 2023-24, an annual report showed Wednesday. The Crown Estate, the national portfolio of historical and commercial land-holdings, is owned by the British monarch but managed independently and its revenues are given to the government. In exchange, the monarchy currently receives 12% of Crown Estate profits — a proportion calculated on funds two years in arrears. Staffing the royal household cost £27.9 million in the last financial year, while property maintenance was £47 million amid continued renovations of Buckingham Palace.
Persons: King Charles III, Grant, King Charles, Dan Labbad, Labbad, Sovereign Grant Organizations: The, Sovereign Locations: British, Buckingham Palace, Kenya
After she’d won her fourth Grand Slam title and her third French Open, while still just 22 years old. GO DEEPER The trick to winning on Wimbledon grass? Gilbert had never watched one of his players win Wimbledon from the coaches’ box. Barty won Wimbledon in 2021 for the first and only time, then won the Australian Open the following January. “Every year it’s easier for me to adapt to grass,” Swiatek said.
Persons: Iga Swiatek, she’d, Swiatek, Iga, Zac Goodwin, , ” Swiatek, , , Joe Toth, Grass, Serena Williams, Julian Finney, haven’t, Greg Norman, Casper Ruud, Ivan Lendl, Andy Murray, Roger Federer, Carlos Alcaraz, Roland Garros, Brad Gilbert, Coco Gauff, Zendaya, Gilbert, Andre Agassi, Andy Roddick, ” Gilbert, Gauff, Sofia Kenin, Daniel Leal, Rod Laver, ” Laver, it’s, Cliff Drysdale, ” Drysdale, Drysdale, Mark McCormack, Ash Barty, Barty, Matthias Hangst, Nick Kyrgios, Novak Djokovic, Marketa Vondrousova, ” Djokovic, He’s, Paris, Djokovic, ” Sinner, Sinner, Jason Bourne, volleying, Gavin MacMillan, Aryna Sabalenka, they’ve, ” MacMillan, Shi Tang, Eamonn Dalton Organizations: Tennis, Wimbledon’s, England Club, French, of Fame, Wimbledon, Getty, Augusta, dodger, Roland, Slams, ESPN, All England, U.S, Broadway, La Scala, Bolshoi Theater, Court, Central Press, Hulton, National, West, IMG, Olympic Games, U.S ., Players, , Deutsch, The Athletic Locations: SW19, London, Paris, Italy, Halle, Augusta, Wimbledon, California, New Jersey, Basel, Australia, New York City, Bentleys, Australian, Serbia
So this factory expansion isn’t about making more cars, but making more expensive cars, which takes more time and requires more space for workshops and storage of exotic materials. The Rolls-Royce Phantom Syntopia's has glass flecks to create sparkling designs. Before that, Rolls-Royce cars were built alongside Bentleys — Rolls-Royce had acquired Bentley in 1931 — at a factory in Crewe, UK. The Phantom Syntopia likely would have cost more than $3 million according to sources, although Rolls-Royce would not confirm an exact price. The Phantom Syntopia has a special Weaving Water design in its Starlight Headliner.
Persons: Royce, “ We’re, , Martin Fritsches, “ That’s, Bentleys —, Bentley, Stephan Winkelmann, Javier Gonzalez Lastra, Fritsches, Cullinan Organizations: CNN, BMW, Royce, Bentley, Volkswagen, Lamborghini, Ferrari, ” Lamborghini, Tema Locations: Chichester , England, Crewe, cabinetry
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
A massive cargo ship burning off the coast of the Netherlands is igniting concerns over fire risks from electric vehicles. The Dutch Coast Guard said on its blog that 23 crew members were evacuated, but one person died. But the intensity of the fire seems to have diminished compared with yesterday," the Dutch Coast Guard said, per an AFP translation. Just 25 or less than 1% of the 2,857 vehicles on board the Fremantle Highway were electric vehicles. The Dutch Coast Guard did not immediately respond to a request for comment from Insider.
Persons: Shoei Kisen Kaisha, Nathan Habers, Bentleys — Organizations: Morning, Fremantle, Dutch Coast Guard, Reuters, Maritime, Allianz Global Corporate, Specialty Locations: Netherlands, EVs, Panama, Germany, Singapore
He said “cars like the Duesenberg have a cult following among those who simply must have the best of the best, but they tend to be viewed as more of a museum piece than a driver’s car.”“Vintage European cars deliver a more sophisticated driving experience and are therefore used more regularly by their owners,” said Mr. Hyman, who also noted that there were many opportunities for owners of 1930s Bentleys and Alfa Romeos to take part in organized tours and rallies that push the cars quite hard, but fewer such opportunities exist for high-end American classic cars. “Usability is a driver of value, and vintage European cars tend to be more sporting, they handle and brake more like modern cars, and people will pay more because of this,” he said. One exception is the Cord 810/812. “When they’re properly sorted out, they’re fast, and they handle very well, but the number of people who understand and support these cars is a fraction of what you see in the vintage Bentley world, and this in turn negatively affects usability and value,” Mr. Hyman said.
Persons: , Hyman, Romeos, Mr Organizations: Bentley Locations: American
After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter due in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. The reason: Wealthy buyers are spending more to personalize their cars with special paint colors, leather, stitching and details. "Customers are choosing one of our 62 paint colors, the 43 leathers we offer and lots of options," Hallmark told CNBC. Bentley's Mulliner Edition department at the company's Crewe factory is turning out record numbers of one-of-a-kind Bentleys with special paint colors, metal finishes and embroidery.
While many other European monarchies have come and gone, or are far diminished in scale and importance, the British royal family has remained remarkably resilient. Republic, a group that wants to abolish the monarchy, has pointed to a poll which showed a majority of people were not interested in the coronation. RELEVANCE"Relevance is absolutely crucial to the monarchy," said Robert Hardman, a long-time royal correspondent and author of 'Queen of our Times'. But, in return, the royals are considered public property with an expectation that they play the press "game" in return for gilded lives in palaces. "Monarchs and their families need the media just as the media need them," Harshan Kumarasingham, senior lecturer in British politics at the University of Edinburgh.
Tesla is the world leader in electric vehicles, but it needs to diversify its lineup. If Elon Musk wants to be a top player like GM, Volkswagen, or Toyota, he needs to make cheaper cars. The Model 3, Model Y, Model S, and Model X, which cost between $44,000 and $120,000, accounted for nearly 70% of EVs sold in the US in 2022. The Model 3 and Model Y, by far Tesla's top sellers, went on sale in 2017 and 2020, respectively. Elon Musk announced plans for a $25,000 car at a Tesla event in 2020, but the car hasn't materialized.
Buzz, a fresh take on the iconic vehicle of the Volkswagen brand, during its world premiere in Paris, France, March 9, 2022. Group sales rose 14.3% in the fourth quarter, but the outlook for 2023 remains clouded by weak economies and supply chain shortages, extended executive sales committee member Hildegard Wortmann said. Audi, Lamborghini and Bentley weathered 2022 better than Volkswagen Passenger Cars and Skoda, with deliveries down around 4% at the premium brands and down 9% for mass-market vehicles. Group deliveries fell 7% versus 2021. The Volkswagen Group's deliveries were up 12% in the second half of the year, but the full-year figure was dragged down by a drop of over a fifth in the first half.
The Bentley Continental GT Speed. The Bentley Continental GT Speed. The Bentley Continental GT Speed. The Bentley Continental GT Speed. The Bentley Continental GT Speed.
(CNN) A silver Aston Martin DB5 that had been owned by actor Sean Connery was sold at auction Thursday for $2.4 million. It was a 1964 Aston Martin DB5, just the sort of car that British secret agent James Bond drove in the 1960s films in which he was played by Connery. But the 1964 is still the best known "Bond car." The company had expected it to sell for between $1.4 million and $1.8 million at its collector car auction in Monterey, California. The auction is one of a number of collector car sales during Monterey Car Week, an annual series of classic car events on California's Monterey Peninsula.
The Justice Department named Kevin Chambers, who had been associate deputy attorney general, as chief prosecutor for Covid-19 fraud Thursday. President Joe Biden said in his State of the Union address last week that Chambers would lead the charge against major perpetrators of pandemic fraud. We may not get all the money back, but that’s not the only value in bringing these cases," he said. The U.S. government spent $5 trillion to fight Covid-19, Chambers said, "so the numbers are going to be big." In explaining the importance of prosecuting Covid-19 fraud cases, Chambers rejected the notion that stealing from the government is a victimless crime.
LISBON, Feb 22 (Reuters) - Heavy tug boats on Tuesday sprayed water on a ship off the coast of Portugal's Azore Islands which went on fire nearly a week ago carrying thousands of Porsches and Bentleys, an incident insurance experts said could result in $155 million in losses. The 22 crew members on board the ship, called the Felicity Ace, were evacuated the same day the fire broke out. Two large tug boats equipped with firefighting gear arrived from Gibraltar on Monday, and were working with another patrol boat to spray water at the Felicity Ace and cool it down, MOL said. "When conditions are safe the salvage team will board the Felicity Ace for an initial assessment," MOL added. Two other tug boats with more firefighting equipment were scheduled to arrive Feb. 23 and Feb. 26.
Many world leaders travel in luxury vehicles. US President Joe Biden, for example, rides in a $1.5 million Cadillac nicknamed "the Beast." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMany world leaders travel in style, using armored luxury vehicles to get around. These are eight of the limousines used by world leaders:
Persons: Joe Biden, , Charles III, Bentley, Queen Elizabeth II, England Organizations: Service
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