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How the EV era is challenging leading engine maker Honda
  + stars: | 2024-11-22 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +3 min
Honda is the world's largest engine manufacturer, powering about 27 million cars, motorcycles, generators, yard tools, airplanes, and other items. But it is struggling in some key regions, especially China, and it's challenged by the era of electric vehicles. Honda has been relatively slow to release models, and it has depended heavily on partners to keep up. Honda does have an in-house EV plan and its own platform. It's sinking $65 billion into EVs and software globally, including $11 billion in Canada and $3.5 billion for upgrades to facilities in the United States.
Persons: it's, Karl Brauer, they'd, Jake Fisher, Honda's, Gregory Noble Organizations: Honda, Acura, Ferrari, Lamborghini, Porsche, McLaren, Consumer, U.S, General Motors, Detroit, Toyota, University of Tokyo's Institute of Social Science Locations: U.S, China, Canada, United States
He got into sales at 16 and became a millionaire last year at 24. I did sales courses and seminars, which made me better and better with this skill set. Related storiesI was uncomfortable with people treating me differentlyEven before I became a millionaire, I noticed that people started treating me differently. Suddenly, the popular crowd — who never paid attention to me in school — started inviting me out. I didn't like that, and I didn't want to be treated differently because of my wealth.
Persons: Ben Grant, there's, , I'm, I've, we're Organizations: Learn, Lamborghini, Rover Locations: England, Sunderland, Dubai
Ducati North America CEO Jason Chinnock enlisted in the US Army out of high school. Chinnock served as a tank driver with the Third Armored Division and is a veteran of Desert Storm. AdvertisementFor nearly a century, Ducati motorcycles have been some of the most sought-after in the world. Related VideoSince 2016, Ducati North America CEO Jason Chinnock has been the executive tasked with running the motorcycle maker's crucial US business, its largest market outside Italy. Chinnock said veterans can also be strong hires for their discipline and ability to persevere when facing challenges.
Persons: Jason Chinnock, Chinnock, , it's, Allan Tannenbaum, that's Organizations: Ducati North, US Army, Third Armored Division, Desert, Service, Ducati, Audi, Business, Army, Division, Operation Desert, Chinnock, US Armed Forces Locations: Desert Storm, Italy, Iraq, Persian
To date, at least $100 million in bitcoin stolen from the victim remains unaccounted for, prosecutors said in a recent court filing in D.C federal court. Zoom In Icon Arrows pointing outwards United States District Court for the District of ColumbiaThe schemers then duped the man into downloading a program onto his computer to protect his Gemini holdings. "Serrano was eventually able to manipulate the victim into opening files with private keysto over 4,100 Bitcoin," the court filing said. The schemers then used "sophisticated money laundering techniques to hide the proceeds and mask their identities," a court filing alleges. "To date, approximately $70,000,000 has been recovered or frozen on various exchanges," prosecutors wrote in a court filing.
Persons: Jakub Porzycki, , I've, Steven Castrovinci, Castrovinci, — Malone Lam, Jeandiel Serrano —, Serrano, Paulette Pagan, Lam, Malone Lam, Columbia Lam, Anne Hathaway, Lamborghini, Pagani, Serrano's, Lamborghini Urus, van, Matthew Loucks, Loucks, Rick, Swatting Organizations: NurPhoto, Getty, D.C, Police, Police Department, CNBC, Lamborghini, Danbury Police, Attorney's, District of Columbia, FBI, Gemini, United States, Court, Prosecutors, District, Management, Honda Locations: Washington, cryptocurrency, Connecticut, Danbury , Connecticut, Danbury, Florida, U.S, Los Angeles, Singapore, L.A, Miami, United States, Encino , California, Maldives, Columbia
Are ‘manfluencers’ raising our sons?
  + stars: | 2024-10-09 | by ( Shannon Carpenter | ) edition.cnn.com   time to read: +8 min
I realize that this old dad is not the hippest, but I thought I’d always kept an eye on the media my sons consume. On the surface, it seems easy to pinpoint what attracts our young men to manfluencers. That is the true draw to our young men, a place where they are the elite and above others. Since teenagers can be hard to meet head-on, try connecting with sons by praising them to others and through communication. We can lead our sons past the false trappings of fancy cars and money, and the cruelty perpetuated by these manfluencers.
Persons: Andrew Tate, I’d, influencer Andrew Tate, Tate, , Niobe, , Dr, Grey Endres, Endres, Ward Cleaver, ” Endres, Shannon Carpenter, Dad ” Organizations: CNN, Tate, Lamborghini, “ Rebels, New York University, FORSTER, Missouri Western State University, Locations: Kansas City , Missouri
Internet personality Jack Doherty crashed his $200,000 McLaren during a livestream this weekend after appearing to look at his phone while driving in the rain. A YouTuber with nearly 15 million subscribers, Doherty, 20, is known online for his controversial prank videos and wealth flaunting. Doherty also shared clips of the aftermath, including a video of him screaming for help inside the vehicle immediately after the crash. Doherty also shared a clip of the two sitting in a hospital room, where his cameraman was getting stitches on his head. While driving his brand-new convertible for the first time, Doherty joked in the video that he’s going to “crash this car, mark my words.”
Persons: Jack Doherty, Doherty, , “ Michael, Michael, , McLaren, ” Doherty Organizations: McLaren, , YouTube, Lamborghini
“I believe all fuels will be made in this way, and we won’t be using fossil fuels anymore at all. Zero continued its foray into motorsport in April, linking up with 2B Autosport to become the first synthetic fuel partner in rally car racing. Zero PetroleumZero could perhaps seek to emulate P1 Fuels, a synthetic fuel firm that is already an established player in the industry. Porsche announced this year that the Porsche Mobil 1 Supercup – a one-make stock car series – would run exclusively on synthetic fuels produced at the Haru Oni plant. In addition, some experts suggest that electric power, a significantly cheaper alternative to synthetic fuels, would be a much more efficient way of decarbonizing the sport than synthetic fuel.
Persons: BloombergNEF, Haru, , Paddy Lowe, , Lowe, Nigel Mansell, Nico Rosberg, Mika Häkkinen, Lewis Hamilton, Peter J Fox, “ petrolhead, “ I’ve, Damon Hill, Zero, Valtteri Bottas, Zhou Guanyu, Lamborghini Miura, Diehard, Jean Todt, Loredana Sangiuliano Organizations: CNN, Zero Petroleum, diesel, Vehicles, NASCAR, CNN Sport, Hydrogen Insight, McLaren, Mercedes, Constructors, Formula One, Sauber, Autosport, British Royal Air Force, Zero, P1, World, Porsche, Porsche Mobil, Aramco, Former International Automobile Federation, FIA, E Locations: Bicester , England, Southern Chile, Bicester, Saudi
Inside Monterey Car Week 2024
  + stars: | 2024-08-23 | by ( Robert Frank | Crystal Lau | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside Monterey Car Week 2024Executives from the world's top auction houses and CEOs of Lamborghini and Rimac Group sound off on Monterey Car Week.
Organizations: Lamborghini, Monterey Car
This spring, the company unveiled plans for Pagani Residences, a 70-unit condo development in Miami's North Bay Village. Beyond automakers, there's a growing list of luxury brands hoping to use real estate to turn their cultural cachet into cold, hard cash. New York's five-star Sherry-Netherland Hotel began welcoming long-term residents almost a century ago, and since then roughly 700 branded residences have graced skylines around the world. But when it comes to branded residences, there are real selling points for buyers. The Elle project may seem out of left field, but Itani told me he's talking with another publication interested in making similar inroads.
Persons: carmaker Pagani, Pagani, Carlo Dipasquale, Aston Martin, Carbone, Gabbana, Elle, Sherry, we've, that's, Itani, Drake, Giorgio Armani, aren't, Brand, They're, they're, Laura Steinbruckner, Ferrari, Rob Sykes, WATG, hadn't, Cipriani, they've Organizations: Pagani Residences, Mercedes, Benz, Porsche, Bentley, Global, Condo, Brands, Carlton, Nobu, Peruvian, Armani Casa, South Florida —, Villa Miami, Major Food Group, Gabbana, Hilton, Fiat, Apple Locations: Bay, South Florida, Miami, Miami Beach, Dubai, London, New York, Netherland, Spain, Toronto, homebuilding, Plenty, Villa
Four bitcoin wallets that led to sex-trafficking fugitive Michael Pratt's capture are seen in the bottom left corner. AdvertisementFrom Michael Pratt's 2019 criminal complaint. Federal prosecutors say Pratt increased traffic by forwarding each victim's video link to her school, work, family, and social connections. Michael Pratt's Swiss ID and Barcelona Mailboxes Etc. AdvertisementThese days, DeBarber runs the Baltimore-based Phoenix AI cybersecurity firm with cofounder Justine Li, a Girls Do Porn victim and plaintiff.
Persons: , Michael James Pratt —, Pratt, Michael Pratt's, Michael Pratt, it's, Charles DeBarber, ike, ake, ould, ong, hough, erving, J ames, rove, ratt, ong K ong, egan, ove, arlene, lew, anni, rooke,, rian H olm,, wiss Organizations: Service, Spanish, Business, Spain's Policia Nacional, Policia Nacional, ust Locations: New Zealander, Madrid, Southern California, Spain, bitcoin, omiting,, ife, ictim
In this article GM Follow your favorite stocks CREATE FREE ACCOUNT2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package. The so-called "godfather" of the modern Corvette retired roughly a week after helping to introduce the new 2025 Corvette ZR1 — the most powerful and fastest version of the car ever produced. Corvette spinoff and SUVWall Street analysts have said GM could better leverage the Corvette brand by expanding models and, to an extent, sales. Tadge Juechter, retiring Corvette executive chief engineer, during the reveal of the 2025 Chevy Corvette ZR1 on July 25, 2024. 2020 Chevrolet Corvette GM
Persons: Juechter, Mark Reuss, Tadge Juechter, Reuss, Ray, Motors, there's, Morgan Stanley, Adam Jonas, you've, that's, I've, Ferrari, I'm Organizations: General Motors, Detroit automaker, Corvette, CNBC, Electric Corvette GM, Chevrolet, Motors, Porsche, Lamborghini Locations: Bowling Green , Kentucky
Sales of sports cars have been steadily declining for about three decades, but there has been one exception to that trend. The Chevrolet Corvette has recently stormed back to near-record popularity. sold 53,785 of the eighth-generation Corvettes, or C8s, worldwide last year, just 22 shy of its top sales year in 1979. Americans bought about 34,000 of those, including Stingray coupes that start from $66,000, nearly twice as many Corvettes as they bought in 2019. The car’s revival has been driven by a change that may not seem a big deal to the average commuter.
Organizations: Chevrolet, Motors, Stingray, Ferrari, Lamborghini, Engineers, G.M, Italia
Guo Wengui (also known as Miles Kwok) holds a news conference with Steve Bannon in New York, New York, U.S., November 20, 2018. Finkel showed jurors videos of Guo wearing sunglasses and standing on the deck of a yacht pitching investments. "Was Miles Guo targeted by the CCP? Prosecutors say Guo used multiple aliases, including Miles Guo and Miles Kwok. Guo paid Bannon $1 million as part of a consulting contract designed to lend legitimacy to his anti Chinese Communist Party movement, Finkel said.
Persons: Guo Wengui, Miles Kwok, Steve Bannon, Carlo Allegri, Ryan Finkel, Guo, Finkel, Miles Guo, Donald Trump, Bannon, Luc Cohen, Noeleen Walder, Leslie Adler Organizations: REUTERS, Lamborghini, CCP, Chinese Communist Party, Prosecutors, Thomson Locations: New York , New York, U.S, Manhattan, Connecticut, China, New York
Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy. At each station, engineers in cherry red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles. The transition to electric vehicles, which was supposed to quickly usher in an era of climate-friendly transport, has instead been squeezed by costly investments and slowing global demand. Tesla reported declining second-quarter sales on Tuesday, and Ford Motor said in April that it would shift production to more hybrids as E.V. A growing trade war between China and the West also threatens to stifle growth.
Persons: Tesla Organizations: Mercedes, Benz, Lamborghini, Ford Motor Locations: Northern Italy, China
Moreover, the partnership will enable Rivian to cut operating costs by leveraging volumes of supplies including chips and components, he said. It will also help Rivian, known for its flagship R1S SUVs and R1T pickups, turn cashflow positive. Volkswagen will immediately invest $1 billion in Rivian through a note that will convert to stock on Dec. 1, subject to regulatory approvals. The German automaker will also invest $2 billion in Rivian stock - $1 billion each in 2025 and 2026 - subject to the startup hitting certain milestones, and provide a $1 billion loan in 2026. Rivian stock has halved so far this year.
Persons: Stephane Mahe, RJ Scaringe, Vitaly Golomb, Herbert Diess, Diess, Rivian, Scaringe, Sam Fiorani, Mavka Capital's Golomb, VW's Cariad, Abhirup Roy, Ben Klayman, Noel Randewich, Christina Amann, Harshita Varghese, Sayantani Ghosh, Rod Nickel, Matthew Lewis, Leslie Adler Organizations: Volkswagen, REUTERS, Reuters, JV, Audi, Porsche, Lamborghini, Bentley, Volkswagen Group, Mavka, VW, AutoForecast Solutions, Traders, S3 Partners, Rivian, Thomson Locations: Reze, Nantes, France, Europe, Asia, North America, U.S, German, South Carolina, San Francisco, Detroit, Oakland , California, Berlin, Bengaluru
How to behave as a superyacht guest
  + stars: | 2024-06-09 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +8 min
Meantime, Giorgio Armani held a party on his yacht for the likes of Sydney Sweeney and Kerry Washington. Being a guest on a superyacht is probably the best kind of guest to be — but the etiquette aboard the multimillion-dollar vessels comes with its own idiosyncrasies. The very few who need to know them — there are only about 5,800 yachts longer than 30 meters at sea, according to SuperYacht Times — already know them. The price to charter Triumph, a 65-meter superyacht, starts at $650,000 a week. According to the industry standard, owning a superyacht will cost 10% of its new-build price annually.
Persons: , Mark Zuckerberg, Jeff Bezos, Barry Diller, Bezos, Koru, Bill Gates, Ari Emanuel, Leonardo DiCaprio, Eos, Diane von Furstenberg, Candice Bergen, Emma Thompson, Jason Blum, Giorgio Armani, Sydney Sweeney, Kerry Washington, they're, Rich, Fraser, he'd, Superyachts Organizations: Service, Business, SuperYacht, Palm, Breed Media, Fraser Yachts, Lamborghini Locations: superyachts, Aden
A YouTuber was arrested over a stunt involving fireworks, a helicopter, and a Lamborghini. The 24-year-old is accused of causing fireworks to be shot out of a moving helicopter. Police believe he directed it without permits and used fireworks that were illegal in California. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA 24-year-old YouTuber could face up to 10 years in prison after being accused of directing a social media stunt involving two women illegally shooting fireworks out of a helicopter at a Lamborghini.
Persons: YouTuber, , Suk Min Choi, Alex Choi Organizations: Lamborghini, Police, Service, US, Office, Central, Central District of California, Business Locations: California, Central District
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Volkswagen in concrete discussions over car partnerships in India
  + stars: | 2024-05-23 | by ( ) www.cnbc.com   time to read: +1 min
The logo of German car giant Volkswagen (VW) is seen on a Volkswagen ID Buzz van during the company's annual press conference to present the business report, on March 14, 2023 in Berlin. Volkswagen is in concrete talks about partnering up on passenger car production in India, the group's finance chief said on Thursday, adding it was tough to earn money in the market that still presents a "clear" opportunity. "We are in very good discussions," Arno Antlitz told the Reuters Events Automotive Europe conference in Munich, "it's very, very concrete," he added, without specifying. "I think we shouldn't underestimate the potential in India in terms of a market ... and in terms of regulatory uncertainty between the U.S. and China. At 101,553 delivered vehicles, India is so far a small market for Volkswagen, accounting for little more than 1% of deliveries across the whole group in 2023.
Persons: Arno Antlitz, Antlitz Organizations: Volkswagen, Reuters, Automotive, U.S, India's Mahindra, SKODA, Audi, Porsche, Lamborghini Locations: Berlin, India, Munich, China, Washington, Beijing, Aurangabad, Pune
This Man Did Not Invent Bitcoin
  + stars: | 2024-05-21 | by ( David Yaffe-Bellany | ) www.nytimes.com   time to read: +1 min
For much of its existence, the cryptocurrency company nChain was governed by a golden rule of office politics: It was not a good idea to challenge Craig Steven Wright, the chief science officer. At nChain’s London offices, Dr. Wright, an Australian computer scientist, was treated as a sort of philosopher king. In 2017, Martin Sewell, an nChain employee, circulated a skeptical memo documenting technical errors in a series of papers that Dr. Wright had published about economics and computer science. A manager called Mr. Sewell into his office and told him that he had to stop. The deference to Dr. Wright “was just this extraordinary arrangement,” Mr. Sewell recalled.
Persons: nChain, Craig Steven Wright, Wright, Wright’s, Martin Sewell, Sewell, Wright “, ” Mr, , Organizations: Lamborghini Locations: nChain’s London, Australian
A reader of Kevin Kwan’s books could be forgiven for expecting him to make a grand entrance at lunch in Beverly Hills — in a Lamborghini, perhaps, or wearing a slick pair of shades. He wore tortoiseshell glasses, a blue cardigan and hair cut for maximum pensive tucking behind ears. Kwan immediately moved a vase of white roses from one table to another — “Do you mind? His debut novel, “Crazy Rich Asians,” published in 2013, has sold more than 5 million copies worldwide and been translated into over 40 languages. The movie version was the first since “The Joy Luck Club” to feature a majority Asian cast.
Persons: Kevin Kwan’s, Kwan, David Foster Wallace, , Crustacean’s, , Helene An, , Rich, Joy Organizations: Lamborghini, Joy Luck Locations: Beverly Hills, cardigan
The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.
Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, , James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich
Reddit users this week have been questioning whether Keith Gill was behind Roaring Kitty's recent social media posts. The Roaring Kitty X account started tweeting for the first time in three years on Sunday, sparking a revival in GameStop stock. Reddit users have been speculating and debating the question since Gill's @TheRoaringKitty X account made its first post in three years on Sunday. AdvertisementGill did not reply to a request for comment sent by Business Insider via his other social media accounts. I'm sure we'll the the truth of the matter of who's running the account soon enough," another Reddit user said.
Persons: Keith Gill, Kitty, , Gill, wasn't, @SCHL0MS, Polymarket, It's, Steve Sosnick Organizations: GameStop, YouTube, Service, Lamborghini, Google, Business, Polymarket, Remilia Corporation, Remilia, Interactive Locations: @TheRoaringKitty
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
Even before he really knew what it meant, Allen Wong wanted to be rich. What “rich” seemed to dangle was something simpler, more elementary, more a feeling than anything else: freedom from pain. “I didn’t want to be absent from my family and only show up a few hours each day after work. Wong’s father was ousted from his business, sank into a depression and committed suicide; his mother tripped down a spiral of mental illness. Suddenly, Wong’s entry-level computer programming job was the household’s only source of income, and there was a world financial crisis going on.
Persons: Allen Wong, Wong, , , Wong’s, doggedly Organizations: Lamborghini Locations: Guangzhou, Hong Kong, New York City, Chinatown
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