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Nathan Laine | Bloomberg | Getty ImagesDETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned. The Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona. Stellantis plans to use a proving grounds in Arizona owned by Toyota Motor beginning next year, according to two people familiar with the decision. Stellantis Chrysler Arizona Proving Grounds Source: Google EarthStellantis confirmed the closure Friday morning, citing the company's ongoing cost-cutting and real estate evaluations. Stellantis' other major U.S. proving grounds facility is a 4,000-acre campus located west of Detroit in Chelsea, Michigan.

Persons: Carlos Tavares, Nathan Laine, Stellantis, Tavares, Gretchen Whitmer Organizations: Stellantis NV, Bloomberg, Getty, DETROIT, CNBC, Atlantic, Wall Street, United Auto Workers, Chrysler, Ford Motor, Toyota Motor, Toyota, Stellantis Chrysler, UAW, The UAW, Stellantis, Michigan Gov Locations: Sochaux, France, Arizona, Phoenix, Las Vegas, Yucca , Arizona, Stellantis Chrysler Arizona, Detroit, Chelsea , Michigan, Auburn Hills , Michigan

☆ Jeep CEO enacts turnaround plan after significant sales declines
▼ + stars: | 2024-09-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Nonetheless, Jeep CEO Antonio Filosa believes the brand's worst days are behind it and it's still possible to achieve the 1 million sales target. Jeep salesFilosa said Jeep, which reports sales quarterly, saw U.S. sales rise last month: They were up 28% from August 2023 and 55% from July. The New York Stock Exchange welcomes The Jeep Brand (NYSE: STLA) to the podium, on May 31, 2024. Ahead of such vehicles, Jeep has increased its media spending by 20% compared with the first half of the year, according to the automaker. 2024 Jeep Wagoneer S EV Jeep

Persons: Michael Wayland, Antonio Filosa, Filosa, Cox, Filosa's, Carlos Tavares, Stellantis, Jeep, Lynn Martin, Tavares, Bob Broderdorf, Nathan Laine Organizations: CNBC DETROIT, Jeep, Cherokee, Cox Automotive, CNBC, Council, New York Stock Exchange, Brand, NYSE Group, NYSE, Fiat Chrysler, France's PSA Groupe, Paris, Bloomberg, Getty, U.S, EV Locations: U.S, American

☆ The Paris Olympics wanted a fast track and it got one – this is how it was made
▼ + stars: | 2024-08-12 | by ( Liam Tharme | ) www.nytimes.com time to read: +13 min

There were two requirements for the Stade de France track for the 2024 Paris Olympics: make it purple and make it fast. But Paris was fast: seven Olympic records and three track and field world records were set at the Games. Thirteen men ran under Kenenisa Bekele’s 10,000m Olympic record (Michael Steele/Getty Images)Four men broke Jakob Ingebrigtsen’s 1500m Olympic record from Tokyo, including Ingebrigtsen, only for him to not medal. Washing the Olympic track in Tokyo in 2021 (Antonin Thullier/AFP via Getty Images)One myth Stroppiana is keen to bust is track hardness. And since then we haven’t been able to change that point of view.”How hard is the Paris track?

Persons: Joshua Cheptegei 10000m, Cole, Arshad Nadeem Javelin, Sydney McLaughlin, Marileidy Paulino, Uganda’s Joshua Cheptegei, Michael Steele, Jakob Ingebrigtsen’s, Noah Lyles ’, Richard Heathcote, Maurizio Stroppiana, Mondo, ”, Stroppiana, Antonin Thullier, “, haven’t, Patrick Smith, ’, Denis, Pakistan’s Arshad Nadeem, Nathan Laine Organizations: Stade de France, Joshua Cheptegei 10000m Uganda, Bahrain, Dominican, Kenya, Kipyegon, Getty, Mexico City, Paris, Getty Images, University of Milan, Olympic, Stade, Adidas, Nike, Asics, Puma, Bloomberg Locations: Rio de Janeiro, Paris, London, Rio, Tokyo, Sweden, Seville, Italian, Moscow, Mexico, Barcelona, Mexico City, AFP, Atlanta, Los Angeles, USA, Brisbane, Australia, Before Tokyo

☆ Hundreds of candidates drop out of French election runoff in last gasp bid to keep far right from power
▼ + stars: | 2024-07-02 | by ( Saskya Vandoorne | ) edition.cnn.com time to read: +4 min

They’ve put aside their differences with one goal in mind: to keep the far right firmly away from the 289 seats required for an absolute majority currently within their reach. By Tuesday, as the deadline to drop out closed, fewer than 100 remain, after centrist and left-wing candidates strategically dropped out in individual seats. This tactic could stop some RN candidates from winning, according to analyst Antoine Bristielle. Macron’s Ensemble allies also called on their supporters to prevent the far right taking office, but some warned against lending their votes to the hard-left France Unbowed, a party inside the NFP. “I’ve taken the difficult decision to withdraw … leaving it up to my voters to position themselves against the far right or far left,” Samuel Deguara, a candidate from Macron’s camp said after withdrawing.

Persons: Emmanuel Macron’s, They’ve, Antoine Bristielle, Nathan Laine, ” Bristielle, Leslie Mortreux, Gérald Darmanin, Bruno Le Maire, “ I’ve, ” Samuel Deguara, Pen, ” Le Pen, Perpignan Louis Aliot, Dimitar Dilkoff, Jordan Bardella Organizations: CNN, Republique, Bloomberg, Getty, National, NFP –, NFP, Macron’s, France Unbowed, . Finance, …, Rassemblement National, Perpignan Locations: Antoine Bristielle ., Paris, France, AFP

☆ Paris Olympics 2024: Inside the landmark Olympic Village
▼ + stars: | 2024-06-25 | by ( Joshua Berlinger | ) edition.cnn.com time to read: +10 min

Paris CNN —When Paris last hosted the Summer Olympics 100 years ago, organizers were so keen to bring athletes under the same roof that they built the first-ever Olympic Village. Athletes sitting in front of a cabin in the Olympic Village at the 1924 Summer Olympics in Paris, France. The site for the Olympic Village was chosen in the hopes it would revitalize some of the city’s historically impoverished northern suburbs. A stool made from recyclable cardboard on display in the athletes' accommodation in the Olympic Village in Saint Denis, France. Nathan Laine/Bloomberg/Getty ImagesA cardboard bed inside an athletes' room at the Olympic Village in Saint Denis, France.

Persons: ”, Georgina Grenon, Denis, Saint, ‘, Nathan Laine, Grenon, Joshua Berlinger, ” Grenon, Jerome Giacomoni, Giacomoni, ” Sebastian Coe, Laurent Michaud, Paris Mayor Anne Hidalgo, “, ” Hidalgo, Vandoorne, Derek Van Dam Organizations: Paris CNN —, Paris, Topical, Hulton, Olympic, Organizers, Games, BBC, Bloomberg, Getty, CNN, World, Paralympic, International Energy Agency, Reuters, Paris Mayor Locations: City, Paris, France, Saint, Ile, London, Seine, Tokyo, Saint Denis, Europe

☆ OpenAI had a confusing week. Who came out on top? And who lost out?
▼ + stars: | 2023-11-22 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

But in other ways, the agreement is still a watershed moment for OpenAI and the artificial intelligence field writ large. Who came out on topSam Altman: A clear winner in the whole debacle is, of course, Altman himself. With some of the apparent architects of Altman’s ouster being pushed out themselves, a casualty of the affair may be the perspectives that those board members espoused. Emmett Shear, whom the board named OpenAI’s interim CEO for all of two days, has also expressed similar worries. In the fallout of the leadership crisis, some have argued that the outcome is also a defeat for effective altruism, the movement with which some OpenAI board members are said to be affiliated.

Persons: Sam Altman, Altman, bungled, that’s, Satya Nadella, OpenAI, Nadella, we’re, ” Nadella, Bret Taylor, Larry Summers, Nathan Laine, Hollie Adams, Taylor isn’t, He’s, Elon Musk, Summers, Who, OpenAI’s, Gabby Jones, Emmett Shear Organizations: CNN, Microsoft, Bloomberg, Getty, Facebook, Twitter, Harvard University Locations: OpenAI, Brooklyn, New York

Jack Guez | Afp | Getty ImagesAfter a weekend of crisis and tumult, Sam Altman has returned as the CEO of OpenAI. Nathan Laine | Bloomberg | Getty ImagesBret Taylor, board chair Bret Taylor is currently a board member at the e-commerce platform Shopify . It isn't clear if Taylor's involvement with his own AI startup will cease with his appointment to lead OpenAI's board. OpenAI's board fired Altman Friday after determining he was "not consistently candid in his communications," but its members never elaborated further. Jack Guez | AFP | Getty ImagesIlya Sutskever Ilya Sutskever co-founded OpenAI and serves as its chief scientist.

Persons: Sam Altman, Ilya Sutskever, Jack Guez, Altman, There's, Satya Nadella, Nadella, Here's, Bret Taylor, Nathan Laine, He's, Elon, Taylor, Salesforce, Larry Summers, David A, CNBC Larry Summers Larry Summers, Clinton, Summers, Jack Dorsey, Adam D'Angelo Adam D'Angelo, D'Angelo, Helen Toner, CSET, Vox, Jerod Harris, Helen Toner Helen Toner, Toner, Tasha McCauley, Carlton Laguna Nigel, Tasha McCauley Tasha McCauley, Joseph Gordon, Levitt, McCauley, Ilya Sutskever Ilya Sutskever, Sutskever, Greg Brockman, Brockman, Brockman's, Sven Hoppe Organizations: Tel Aviv University, Afp, Getty, Microsoft, CNBC, Sequoia, Tiger Global, Salesforce, Viva Technology Conference, Bloomberg, Google, Economic, Grogan, Harvard University, Obama, Economic Council, Twitter, Meta, Facebook, The Ritz, Carlton, Georgetown University's Center for Security, Emerging Technology, Philanthropy, Business Development, Ritz, Rand Corporation, GeoSim Systems, AFP, University of Toronto, Stanford, Technical University of Munich Locations: Tel Aviv, Paris, Davos, Switzerland, Washington, Laguna Niguel, Dana Point , California, Russian Israeli, Canadian

☆ Ukraine Hangover Makes European Banks Look Rougher than They Are
▼ + stars: | 2023-10-26 | by ( Jon Sindreu | ) www.wsj.com time to read: 1 min

Shares in BNP Paribas fell even though the French bank beat third-quarter earnings expectations. PHOTO: Nathan Laine/Bloomberg NewsEuropean investment banks don’t tend to fare well when compared with their more profitable U.S. peers. But the war in Ukraine makes some comparisons unfair. Investors have been disappointed with the third-quarter results published by top European banks so far, with the stocks collectively down more than 3% this week. This is despite the fact that most of the companies have actually beaten analysts’ profit forecasts by a decent margin.

Persons: Nathan Laine Organizations: BNP, Bloomberg News, Investors Locations: Ukraine

☆ Kering Sales Miss Forecasts Amid Luxury Industry Slowdown
▼ + stars: | 2023-10-24 | by ( Mauro Orru | ) www.wsj.com time to read: 1 min

Gucci sales slipped 7% on a comparable scope and exchange rate basis to €2.22 billion in the third quarter. Photo: Nathan Laine/Bloomberg NewsKering posted sales below analysts’ expectations for the third quarter, becoming the latest fashion group to reel from a slowdown in the luxury-goods industry as the postpandemic boom fades. The owner of Gucci and Yves Saint Laurent on Tuesday reported revenue of €4.46 billion ($4.76 billion) in the three months to the end of September, down 13% in reported terms and 9% on a comparable scope and exchange-rate basis. Analysts had forecast sales of €4.52 billion, according to FactSet.

Persons: Nathan Laine, Kering, Gucci, Yves Saint Laurent Organizations: Bloomberg, Analysts

Paris CNN —Britain’s King Charles and Queen Camilla will finally arrive in France for a state visit Wednesday, six months later than initially planned. The packed royal itinerary for the rescheduled three-day visit to Paris and Bordeaux, ending Friday, is largely unchanged save for a few additions. One new engagement will see Charles and Camilla rub shoulders with top athletes at an event highlighting the advantages of sports for young people. France's President Emmanuel Macron was forced to postpone the original royal state visit back in March. Ronny Hartmann/AFP/Getty ImagesFurssedonn-Wood agreed that the public can expect “a bit of substance” from the royal visit in France.

Persons: Paris CNN — Britain’s King Charles, Queen Camilla, Emmanuel Macron, Charles, Camilla, Brigitte Macron, Macron, ”, Queen Elizabeth II, French King Louis XIV, Ludovic Marin, reigniting, Christine Ockrent, Charles ’, ” Charles, Camilla’s, French –, Rishi Sunak, Sunak, ” Sunak, Nathan Laine, Chris Fitzgerald, Elizabeth II, Christian Poncelet, Eric Fefeberg, Scott Furssedonn, Wood, Craig Prescott, Prescott, Frank, Walter Steinmeier, Elke Budenbender, Ronny Hartmann, it’s, they’re, “, They’ll Organizations: Paris CNN, Rugby, Bibliotheque Nationale de, Mirrors, France, Getty, CNN, UK, ’, European Union, Bloomberg, French, Getty Images, British, Royal Holloway, University of London, “, CNN’s Royal Locations: France, British, Germany, Paris, Bordeaux, Franco, Bibliotheque Nationale de France, Ukraine, Sahel, Elysee, of Versailles, Versailles, “, AFP, French, New Delhi, Berlin, Salle, United Kingdom, Barbados, Eastern Caribbean, Europe, Royal

☆ Morocco earthquake: How the entire village of Tinzert was wiped out in just 10 seconds
▼ + stars: | 2023-09-12 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +12 min

Tinzert, Atlas Mountains, Morocco CNN —Rajaa Acherhri was known as the village math genius. She buried them the next day, alongside 19 other people who were killed in Tinzert, a tiny mountain village in the Atlas Mountains in Morocco. Hakim Idlhousein stands near the rubble of his house, in the village of Tinzert, in Morocco, which was destroyed by the quake. Mosa'ab Elshamy/AP Bags of blood sit on a table at a blood center in Marrakech, Morocco, on September 11. Fadel Senna/AFP/Getty Images In pictures: Powerful earthquake kills thousands in Morocco Prev NextFatema Acherhri was born in Tinzert, as was her husband.

Persons: Morocco CNN — Rajaa Acherhri, Sanaa, Fatema, Rajaa, hasn’t, Fatema Acherhri, Ivana Kottasova, ” Hakim Idlhousein, Idlhousein, CNN they’ve, Abdeltif Ait Bensoli, Ait Bensoli, Edabdelah, couldn’t, Ait, Hakim Idlhousein, ‘, Fadel Senna, Talat, Hannah McKay, Talat N'Yaaqoub, Nacho Doce, Carl Court, Alejandro Martinez Velez, Talat N'yaaqoub, Reuters Mouath Aytnasr, Suleiman, Mosa'ab, Abu Adem Muhammed, Nathan Laine, Wang Dongzhen, Moulay Brahim, Piero Cruciatti, Abdelhak Balhaki, Acherhri, hammam, ” Acherhri, “, ”, Ourika Organizations: Morocco CNN, CNN, UNICEF, Moroccan, Getty, Reuters, Anadolu Agency, Bloomberg, Kyodo, People, Moroccan Royal Armed Forces Locations: Atlas Mountains, Morocco, Tinzert, Moroccan, Al Haouz, Ifghan, Ait Bensoli, Marrakech, Douzrou, AFP, Talat N'Yaaqoub, Talat, Tinmel, Tafeghaghte, Old City, Amizmiz, Xinhua, Moulay, Brahim, Moulay Brahim, Tansghart, Marrakesh

☆ AI investment is booming. How much is hype?
▼ + stars: | 2023-07-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

The investment into Mistral AI is just one of many this year by venture capitalists jostling for a seat aboard the AI rocketship. In the first six months of 2023, they plowed $15.2 billion into generative AI companies globally, according to Pitchbook data. The bulk of this sum comes from Microsoft (MSFT)’s $10 billion investment, announced in January, in OpenAI, the developer of popular generative AI chatbot ChatGPT. But even excluding Microsoft’s bumper deal, the value of VC investments in generative AI was up by almost 58% compared with the same period in 2022. “Buying a ‘dot-ai’ domain, and claiming to be an AI company… doesn’t really make you an AI company,” Jacobs told CNN.

Persons: Antoine Moyroud, wasn’t, ”, Arthur Mensch, Nathan Laine, hasn’t, ” Mostaque, jostling, Moyroud, ’, ’ “, “, ” Moyroud, It’s, Jaap Arriens, Goldman Sachs, Stocks, Mike Reynolds, Reynolds, —, “ It’s, ” Reynolds, ” Jordan Jacobs, … doesn’t, ” Jacobs Organizations: London CNN, Lightspeed Venture Partners, CNN, Mistral, Viva Tech, Bloomberg, Getty, Stability, Microsoft, Meta, Nvidia, Nasdaq, Cisco, Radical Ventures Locations: French, Paris, California, OpenAI, —, Toronto

☆ France makes high-profile push to be the A.I. hub of Europe setting up challenge to U.S., China
▼ + stars: | 2023-06-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Macron told CNBC France will "invest like crazy" into A.I. "I think we are number one [in AI] in continental Europe, and we have to accelerate," French President Emmanuel Macron told CNBC's Karen Tso last week. watch nowWhile the U.S is seen as the leader in AI by many measures, France hopes to catch up. Underscoring the potential and hype of AI developments, four-week-old French startup Mistral AI raised 105 million euros to fund the company. I think we need a global regulation," Macron said.

Persons: Emmanuel Macron, Macron, Nathan Laine, Karen Tso, OpenAI's, Bruno Le Maire, Jean, Noel Barrot, Paris, Anton Dahbura, Rishi Sunak, Dahbura, … Organizations: Viva Tech, CNBC France, Bloomberg, Getty, PARIS —, French Finance, Digital, CNBC, European Union, Johns Hopkins Institute, Autonomy, Microsoft, OpenAI, Nvidia, Global, EU, Organisation for Economic Co Locations: A.I, PARIS — France, Europe, China, U.S, France, Germany, Britain

☆ France pension protests explained: France is still mad -- but can the protests last?
▼ + stars: | 2023-05-01 | by ( Joseph Ataman | ) edition.cnn.com time to read: +7 min

In 1995, weeks-long mass protests forced the government of the day to abandon plans to reform public sector pensions. For many in France, the pensions system, as with social support more generally, is viewed as the bedrock of the state’s responsibilities and relationship with its citizens. Nathan Laine/Bloomberg/Getty ImagesIn contrast, during the Yellow Vest protests, started in opposition to hikes in fuel prices, violence gradually soured public support. That these pensions protests continue to hold such popular goodwill is an ominous sign for Macron’s future plans. The size and violence of pensions protests spiked when Macron forced the legislation past the country’s lower legislative house without a vote.

☆ Forget the pension protests. France’s economy has momentum
▼ + stars: | 2023-04-30 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

France’s economy grew 0.2% in the first quarter of this year, its national statistics agency said Friday, after stagnating in the previous quarter. Yet the long-running protests are unlikely to leave a lasting dent in France’s economy, according to Charlotte de Montpellier, a senior economist at Dutch bank ING. But its $2.8 trillion economy has held up comparatively well. Office buildings illuminated in the La Defense business district of Paris, France, on Monday, Feb. 6, 2023. ‘Momentum’ building for banksBritain’s exit from the European Union has also been a boon for France’s financial sector.

A ban on protests in the area is in place from Thursday evening until Saturday morning local time. Loic Venance/AFP/Getty ImagesViolence also broke out at Paris’ Place de la Bastille as riot police clashed with angry protestors. Up to 600,000 people were expected to take to the streets across France for the latest protests. Protesters gain entry inside the LVMH headquarters during a demonstration against pension reform in central Paris. Femimist activists dressed as Rosie the Riveter icon perform during a demonstration in Paris on April 13, 2023.

☆ Protests Erupt in France Over Plan to Raise Retirement Age
▼ + stars: | 2023-03-15 | by ( Noemie Bisserbe | Stacy Meichtry | ) www.wsj.com time to read: 1 min

Striking public sector workers have hobbled swathes of the French economy. Garbage collection in Paris has come to a complete halt in parts of the city. For more than a week, trash has been piling up on sidewalks and avenues that are usually manicured. Nathan Laine/Bloomberg News

☆ Warehouse Packing Help Wanted, Excellent Penmanship Required
▼ + stars: | 2022-11-25 | by ( Paul Berger | ) www.wsj.com time to read: +5 min

At a warehouse in northern New Jersey one recent weekday, a trainee wearing a pair of blue gloves hesitantly tied a ribbon around one luxury brand’s box as a supervisor looked on. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. Workers also personalize items with engraving and hot-stamping, compile individual items into gift sets and add handwritten notes. Luxury brands, however, are willing to pay a premium for the extra workers needed to provide additional services, Mr. Scattergood said. Workers at its Munich warehouse fold clothes in tissue paper, close the paper with a sticker and tie a ribbon into a bow.

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