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☆ Apple is pivoting to a less ambitious design for its autonomous EV amid launch delays, report says
▼ + stars: | 2024-01-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Apple is pivoting to a less ambitious design for its autonomous EV, Bloomberg reported. The tech giant is pivoting to a less complex design and delaying the launch date for its planned autonomous vehicle, Bloomberg reported, citing people familiar with the situation. Following board meetings, the company has limited the car's autonomous features and downgraded the EV to Level 2+ autonomy, Bloomberg reported. AdvertisementApple's EV release date has also been pushed back, with the company expecting a 2028 launch at the very earliest, the Bloomberg report said. Its most formidable competitors will likely be Tesla and China's BYD, both of which dominate the global EV market.

Persons: —, Apple, Forbes, BYD Organizations: Apple, EV, Bloomberg, Service, Mercedes, Benz, Business, Reuters

☆ This Swiss auto parts maker's stock could soar by 75%, Vontobel says
▼ + stars: | 2024-01-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Switzerland-listed car parts manufacturer Autoneum's share price could increase by over 70% in the next year, according to Vontobel. The investment bank raised its price target on Autoneum to 215 Swiss francs ($248), representing a potential 74% upside from the current share price of 123.80 francs. However, Autoneum's organic sales grew only 7.2%, lagging the broader recovery, according to the car parts maker's full-year revenue results, released Monday. CHF= 1Y line When excluding negative currency effects that lowered sales by 7.2%, Autoneum's 2023 revenue was 2.43 billion Swiss francs, meeting the company's own guidance. In contrast to Vontobel's bullish outlook, Swiss bank UBS has a neutral view of the stock, with a price target of 110 CHF — 10% below the current share price.

Persons: Vontobel, Arben Hasanaj Organizations: BMW, Ford, Renault, Mercedes, GM, Volvo, UBS, — Locations: Switzerland, Zurich, Asia, Swiss

☆ I'm a widow who sold everything to move from Texas to Lake Como. I decided long ago that I wouldn't let fear dictate my life.
▼ + stars: | 2024-01-23 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +6 min

AdvertisementThis as-told-to essay is based on a conversation with Judy Walling, a 68-year-old retired real-estate agent living in Italy. I'm a retired widow with no children, but I decided long ago that I wouldn't miss out on anything just because I don't have a partner. I booked another group trip to Italy and then bought a Eurail passWalling. I took a group trip to Italy in August 2019 with 10 people and took side trips to get my feet wet. After the group trip, I took my pass and traveled all over Italy.

Persons: Judy Walling, —, Bill Walling, I'm, Walling, it's, Julia Roberts, Ugh, I've Organizations: Service, Kansas City, Lake Locations: Italy, Como, Iowa, Kansas, Florida, Santa Fe , New Mexico, Europe, France, Austin, Munich, Svinná, Czech Republic, Bellagio, Lake Como, Texas, Costa Rica, Missouri

☆ Trump-backed Ohio Senate candidate shredded documents as he faced a lawsuit accusing him of wage theft
▼ + stars: | 2024-01-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +9 min

That sum was then counted toward any overtime hours worked, a standard practice at the time that was consistent with federal law. AdvertisementFurthermore, Moreno argued that Adem had never worked any overtime hours and that his dealerships' work culture was more generous than his nearby competitors'. Moreno, who also ran in the 2022 Senate election in Ohio, had dropped out of the race the previous month. The judge later ordered Moreno to pay out a total of $416,160, including compensation for the overtime hours worked, damages, and legal fees, in November. AdvertisementOne lawsuit had been withdrawn, while the judge dismissed the other case after the salesperson failed to appear for a hearing.

Persons: —, Bernie Moreno, Moreno, Democratic Sen, Sherrod Brown, Donald Trump, Republican Sen, JD Vance, Bernie, Conor McGuinness, Omar Adem —, Burlington , Massachusetts —, Adem —, Moreno —, Adem, Anna Moneymaker, salespeople, Vance, Joe Maiorana, Michael Ricciuti, Ricciuti Organizations: Service, Ohio Senate, Business, Columbus Dispatch, Democratic, Republican, GOP, Republicans, Democrats, Associated Press, Benz, Nissan, Trump, AP, US Locations: Ohio, Massachusetts, Burlington , Massachusetts, Cleveland, Delaware , Ohio

☆ I'm a 26-year-old HENRY. I'm in the top 1% of earners and a homeowner — I won't be happy until I'm completely financially free.
▼ + stars: | 2024-01-19 | by ( Ryan S. Gladwin | ) www.businessinsider.com time to read: +7 min

Working in the tech industry as a data analyst, Ruan purchased a £450,000 apartment in London. AdvertisementThis as-told-to essay is based on a transcribed conversation with Ben Ruan, a data analyst living in London. Job-hopping meant I could put a house deposit down by 26Ben Ruan's living room in his central London apartment Ben RuanWhenever I work at a company, I ask myself: Am I learning? AdvertisementThe kitchen in Ruan's London apartment. AdvertisementWhile I'm not rich yet, I believe I'll be where I want to be in five years.

Persons: Ben Ruan, Ruan, —, Ben Ruan's, I'm, Banks, Ben Ruan I, Spencer, Ben Ruan I'm, homeownership, I've, HENRY Organizations: Service, Business, Coventry University, Big Tech, JD, Mercedes, Benz, Asda, Aldi, Waitrose Locations: London, Snapchat, Wavemaker, Central London, Ruan's London

☆ BYD: Why Hungary and Mexico could be key to the Chinese carmaker’s global domination
▼ + stars: | 2024-01-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +9 min

The cars come from BYD, the Chinese carmaker that is backed by Warren Buffett and has surpassed Tesla as the world’s biggest seller of electric vehicles (EVs). 1," a shipping carrier vessel intended to export BYD vehicles, at Yantai port in eastern China's Shandong province in January. BYD Mexico did not respond to a request for comment. “The US government is not going to like that Mexico is creating a back door.”A BYD electric vehicle, operated by Vemo taxi, in Mexico City in November. But as it continues to grow overseas, BYD will have to take a more localized approach, analysts say.

Persons: Warren Buffett, Tesla, BYD, Viktor Orbán’s, Yucatán, what’s, Elon Musk, Tu Le, carmaker, Hungary —, Matthias Schmidt, ”, “, Schmidt, Bill Russo, it’s, Le, Mariceu Ethrall, It’s, “ It’s, ‘ We’re, ’ ”, Stella Li, México, ” Li, Wang Chuanfu, BYD “, Russo, they’ve, ” Russo Organizations: Hong Kong CNN, Xinhua, Getty, CNN, Tesla, BMW, Audi, European Union, Schmidt Automotive Research, EV, European Commission, Bloomberg, BYD, El Locations: Hong Kong, China, Europe, BYD, Shenzhen, Germany, Netherlands, Hungary, Mexico, North America, China's Shandong, Szeged, Komárom, France, Shanghai, Hungarian, United States, Canada, Mexico City, Mexican, Dutch, Rotterdam, California, Brazil, Indonesia, Thailand, Uzbekistan, Macao, Taiwan, Japan, what’s

☆ I spent $3,200 for a 2-week van trip. It was worth every penny.
▼ + stars: | 2024-01-18 | by ( Monica Humphries | ) www.businessinsider.com time to read: +6 min

I spent two weeks traveling around America's West in a van on a trip that cost $3,200. Instead, I shelled out $3,200 for a two-week van trip. Monica Humphries/Business InsiderThe idea for a van trip has been on my mind for years. The author's rental van outside of the Native Campervan Denver location. Monica Humphries/Business InsiderUltimately, the van trip led to new experiences and ways to travel for a trip I won't forgetI dropped off my van feeling energized.

Persons: —, Monica Humphries, I've, Joshua, Ram, Joshua Tree Organizations: Service, Mercedes, Business Locations: America's, Dublin, Ireland, Sin City, Denver , Colorado, Joshua Tree, California, Paris, Airbnbs, Denver, Palm Springs , California, Utah, Joshua Tree , California, Jerome , Arizona, Taos , New Mexico

☆ Aeternitas Tower: Dubai is building the world’s tallest residential clocktower
▼ + stars: | 2024-01-17 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

The Aeternitas Tower, officially unveiled at a launch event last week, will be the world’s tallest residential clocktower at a staggering 450 meters (1,476 feet) tall — more than four times the height of London’s Big Ben, and just 22 meters (72 feet) short of the world’s tallest residential building, the Central Park Tower in New York City. Set to become the world’s second-tallest clock tower (after the Makkah Clock Royal Tower in Mecca, Saudi Arabia), Aeternitas Tower is the result of a partnership between Dubai-based real estate developer London Gate and Swiss luxury watch manufacturer Franck Muller. The Aeternitas Tower will have amenities for residents such as gym, yoga studio, cinema, and swimming pool, pictured in this digital rendering. London GateA booming marketThe Aeternitas Tower is part of a growing trend in Dubai. The design for Aeternitas Tower was officially unveiled at a launch event on January 9 2024, at the Ritz-Carlton Dubai (pictured).

Persons: Big Ben, Franck Muller, Tom Hill, ”, Franck Muller Aeternitas, Erol Baliyan, Franck Muller’s, Karl Lagerfeld, “ We’ve, Carlton Dubai Organizations: CNN, CNN —, London Gate, Marina, Research, Benz, London, Ritz, Carlton Locations: CNN — Dubai, New York City, Makkah, Mecca, Saudi Arabia, Dubai, Dubai Marina, East, Africa, Swiss, London, Emirate, “

☆ Aeternitas Tower: Dubai is building the world’s tallest residential clock tower
▼ + stars: | 2024-01-17 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

The Aeternitas Tower, officially unveiled at a launch event last week, will be the world’s tallest residential clock tower at a staggering 450 meters (1,476 feet) tall — more than four times the height of London’s Big Ben, and just 22 meters (72 feet) short of the world’s tallest residential building, the Central Park Tower in New York City. Set to become the world’s second-tallest clock tower (after the Makkah Clock Royal Tower in Mecca, Saudi Arabia), Aeternitas Tower is the result of a partnership between Dubai-based real estate developer London Gate and Swiss luxury watch manufacturer Franck Muller. The Aeternitas Tower will have amenities for residents such as gym, yoga studio, cinema, and swimming pool, pictured in this digital rendering. London GateA booming marketThe Aeternitas Tower is part of a growing trend in Dubai. The design for Aeternitas Tower was officially unveiled at a launch event on January 9 2024, at the Ritz-Carlton Dubai (pictured).

☆ ‘Beef’ and ‘The Bear’ have gotten awards season love, and that says lot about us
▼ + stars: | 2024-01-16 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Netflix’s “Beef” and FX/Hulu’s “The Bear” are enjoying the kind of awards season hot streak that so many shows wish they could cook up. The way their feud unfolds in the 10 proceeding episodes highlights the inequity that is introduced in that scene. Steven Yeun and Ali Wong star in "Beef." Chuck Hodes/FXBoth shows are critically acclaimed and have have been sweeping award shows this season, most recently winning multiple Emmy Awards, and it’s not hard to see why. In the talented and diverse ensemble casts, the perfect vehicles to further explore the deep issues at the center.

Persons: Ali Wong, Steven Yeun, Wong’s Amy, Danny, ”, Jeremy Allen White, that’s, Allen’s, Edwin Lee Gibson, Lionel Boyce, Marcus, Liza Colón, Zayas, Tina, Ebon Moss, Bachrach, Richard, Richie, Jerimovich, Matty Matheson, Neil Fak, Chuck Hodes Organizations: CNN, Benz, Netflix, ” Locations: Tacoma, Chicagoland

☆ From transparent TVs to ChatGPT-powered pet companions, here’s some of the buzziest tech of CES 2024
▼ + stars: | 2024-01-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +10 min

Here’s a look at some of the buzziest products announced this week:Loona companion robot is the world's first consumer robot equipped with ChatGPT AI technology. From Beijing KEYi Technology Co. Ltd.AI companionsAI companions are one of the biggest trends to emerge from the show this year. Samsung’s buzzy Ballie robot, which was first shown off at CES in 2020, received a refresh. BaracodaAI task robotsBeyond companions, AI has made its way into nearly every appliance and gadget you could think of this year. LG was one of the first leaders in transparent TVs; one of its earlier prototypes impressed the show floor back in 2020.

Persons: it’s, Loona, Rosie, Samsung’s, Dipanjan Chatterjee, ”, Volkwagen, Mercedes Benz, Chatterjee, ” Honda, VinFast, “ There’s, Jon Erensen, EssilorLuxottica, Francesco Milleri, Evie, Steve Jobs, Cook, Christoph Dernbach, “, Jitesh Ubrani, ” Ubrani, CNN’s Peter Valdes, Dapena Organizations: CNN — Tech, Consumer Electronics, Beijing KEYi Technology, ., LG, CES, Forrester Research, Walmart, Nvidia, AMD, Honda, VinFast, Fiat, Samsung, Gartner, Media, Apple Vision, Steve, Apple, IDC, Sony, Qualcomm Locations: Las Vegas, Beijing, USA, Cupertino, Cupertino ., Apple's, United States

☆ China's Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla
▼ + stars: | 2023-12-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China's oversaturated electric vehicle market and compete with automaker giants Tesla and Porsche with a car model it says it spent more than 10 billion yuan ($1.4 billion) to develop. Pronounced "Sue Qi" in Mandarin, the Xiaomi SU7 beats Porsche's Taycan and Tesla's Model S on acceleration and other metrics, Lei said during a three-hour presentation Thursday. This is an area of potential advantage for Xiaomi, which is best known for its smartphones and home appliances and previously said it wants to create a "'Human x Car x Home' smart ecosystem." The SU7 is integrated with Xiaomi's smartphones and internet-connected home appliances, Lei announced Thursday. Lei said the vehicle will also be compatible with Apple 's iPhone, iPad, CarPlay and AirPlay.

Persons: Lei Jun, Sue Qi, Porsche's Taycan, Lei Organizations: Tesla, Porsche, BMW, Mercedes, Benz, Apple Locations: BEIJING, U.S

☆ Ex-OpenAI director Reid Hoffman says we still don't 'fully know' why board forced out Altman
▼ + stars: | 2023-12-05 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Three weeks after OpenAI's board briefly pushed out CEO Sam Altman without providing a specific reason for its decision, former director Reid Hoffman says he's still puzzled by what took place and why. He stepped down from OpenAI's board in March and said he hasn't spoken with any of the board members, though he said he did communicate with Altman. Microsoft CEO Satya Nadella offered to hire Altman, OpenAI president Greg Brockman and their colleagues in a new advanced AI research group. "I do think that we're in a much better place in the world" to have Altman in the CEO seat again, Hoffman said. WATCH: Sam Altman returns as OpenAI CEO and Microsoft secures nonvoting board seat

Persons: Sam Altman, Reid Hoffman, he's, Hoffman, Altman, OpenAI, Ilya Sutskever, Altman wasn't, Helen Toner, Adam Selipsky, Microsoft's, Satya Nadella, Greg Brockman, quickliy, isn't Organizations: LinkedIn, Bloomberg, New York Times, Reuters, Yorker, Microsoft, Benz Locations: San Francisco, Las Vegas

☆ Copa América 2024: CONMEBOL announces 14 host cities as tournament returns to the US
▼ + stars: | 2023-12-05 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —CONMEBOL, South America’s soccer federation, has announced the 14 cities that will host matches at the 2024 Copa América as the tournament returns to the United States for the first time since 2016. Ecuador was originally designated as the tournament host but pulled out in November 2022 due to economic and security concerns, as well as a lack of viable stadiums. CONMEBOL has encountered obstacles in hosting the last three editions of the Copa América held in South America. Now, for the third edition in a row, the host nation has been changed after the US took over organizing duties from Ecuador. Argentina won the postponed 2020 edition of the Copa América, which was moved to Brazil.

Persons: América, Atlanta United’s Mercedes, Michael Zarrilli, ” Ezequiel Fernández Moores, Copa América, Fernández Moores, Amanda Perobelli, ” Fernández Moores, “, Lionel Messi’s, Henry Romero, he’s, hasn’t, Messi, ” Sean Gregory, –, ” Organizations: CNN — CONMEBOL, Miami Gardens, Kansas City, Atlanta United’s, Benz, Copa América, CONMEBOL, CONCACAF –, Copa, Reuters, State, América, FIFA, USA, Canada, NFL, NBA, MLB, NHL, US, National, Inter Miami, Host Chile, Copa America, –, Leagues, “, TIME, FIFA Club Locations: South, United States, Vegas, Arlington (, Charlotte, Orlando, Miami, Santa Clara, Atlanta, East Rutherford ( NJ, Houston, Austin, Inglewood, CA, Glendale, AZ, Kansas, South America, Ecuador, Peru, North America, Central America, Caribbean, American, America, Argentine, Brazil, Chile, Colombia, Argentina, California, United, Mexico

☆ Intel, Siemens to collaborate on improving manufacturing, energy efficiency
▼ + stars: | 2023-12-04 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsDec 4 (Reuters) - Intel (INTC.O) and Siemens (SIEGn.DE) on Monday announced a three-year deal to collaborate on improving factory efficiency and automation with a special focus on improving energy efficiency and sustainability. The partnership with Siemens will help Intel operate the factory more efficiently, Esfarjani said. EUV, an energy-hungry technology, is so central to advanced chipmaking that significant parts of the manufacturing process revolve around it. The partnership with Intel will help Siemens deepen its understanding of this type of manufacturing where one technology is so core to the process and help it transfer that know-how to other industries. In that case, Siemens assisted with its transition to manufacturing electric vehicles from combustion engines.

Persons: Dado Ruvic, Keyvan Esfarjani, Esfarjani, EUV, Cedrik Neike, Max A, Edwina Gibbs Organizations: REUTERS, Intel, Siemens, Monday, Reuters, Taiwan Semiconductor Manufacturing, Mercedes, Benz, Thomson Locations: San Francisco

ATLANTA (AP) — Fourteen U.S. cities will play host to Copa América next summer, with the semifinals at East Rutherford, New Jersey, and Charlotte, North Carolina, ahead of the July 14 championship in Miami Gardens, Florida. The semifinals will be in New Jersey's MetLife Stadium on July 9 and Charlotte's Bank of America Stadium the next day. This will be only the second time Copa América has been held outside of South America since the inaugural tournament in 1916. Except for the Centenario tournament, Copa América hosting duties usually have rotated among the 10 COMNEBOL nations in South America. They are: MetLife Stadium, Hard Rock Stadium, Mercedes-Benz Stadium, Levi's Stadium, SoFi Stadium, AT&T Stadium, NRG Stadium and Arrowhead Stadium.

Persons: América, Victor Montagliani, “, ”, Alejandro Dominguez, Lionel Messi, Montagliani Organizations: ATLANTA, Copa América, East, Central America, NRG, T, Farm, MetLife, Charlotte's Bank of America, ” CONCACAF, CONMEBOL, CONCACAF, Mercedes, Benz, SoFi, Levi's, Exploria, North America, América Centenario, Nations League, Costa Rica, Children's, Arrowhead, Levi’s, Copa América Centenario, Chile, Centenario Locations: East Rutherford , New Jersey, Charlotte, North Carolina, Miami Gardens , Florida, South America, North, Caribbean, Houston, Arlington , Texas, Glendale , Arizona, Las Vegas, New, Miami, Atlanta, Inglewood , California, Santa Clara , California, Orlando , Florida, Austin , Texas, Kansas City, Missouri, Kansas, United States, Mexico, Jamaica, Panama, Costa, Honduras, Canada, Trinidad and Tobago, NRG, Orlando, Los Angeles, Argentina, New York City, Ecuador, U.S

On Saturday, the agency posted documents showing that BMW is recalling 486 SUVs after the Chicago driver was hurt. At least 26 people have been killed in the U.S. by Takata inflators since May 2009, and at least 30 have died worldwide including people in Malaysia and Australia. About 100 million inflators were recalled worldwide. Automakers, he said, blamed manufacturing problems to limit recalls when the non-desiccated Takata inflators started to have problems. In the BMW recall, dealers will replace the air bags at no cost to owners, who will be notified by letter starting Jan. 16.

Persons: Takata, Takata inflators, General Motors, inflators, Michael Brooks, “ It's, ”, Brooks, “ Organizations: DETROIT, —, BMW, Traffic, Administration, General, Volkswagen, NHTSA, GM, VW, Center for Auto Safety, Companies, ” BMW, Honda, General Motors, Ford, Nissan, Toyota, Jaguar, Rover, Daimler Vans, Mitsubishi, Subaru, Benz, Ferrari, McLaren, Porsche, Mazda, Spartan Locations: Chicago, U.S, Malaysia, Australia, Japan, inflators

☆ Opinion: Taylor Swift has it. Elon Musk and George Santos don’t
▼ + stars: | 2023-12-03 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

Exit George SantosVideo Ad Feedback SE Cupp: Trump didn't pave the way for George Santos. In the week that Americans said goodbye to Rosalynn Carter, Henry Kissinger and Sandra Day O’Connor, it was jarring that Santos occupied our minds. But as SE Cupp argued, in a more rational world, Santos would have resigned from Congress long ago. • Join us on Twitter and Facebook“Many Republicans just don’t care,” wrote Zelizer. Ron Edmonds/APAs a 12-year-old girl in 1981, Traci Lovitt was riveted by the appointment of Sandra Day O’Connor as the first woman on the Supreme Court.

Persons: William James, “, James, Webster, — Taylor Swift, Elon Musk, Taylor, Jeff Yang, aplomb, Swift, Ariana Grande, Tay, bestie, ”, ” Yang, Holly Thomas, ‘, Emma Chamberlain, we’re, we’ll, We’ll, Exit George Santos, George Santos, Rosalynn Carter, Henry Kissinger, Sandra Day O’Connor, Santos, New Jersey Sen, Bob Menendez, Cupp, Mercedes, ” Santos, Menendez “, Menendez, Donald Trump, Trump, Bill Clinton, ” Clay Jones Liz Cheney’s, Liz Cheney, ” Cheney, Julian Zelizer, Cheney, Kevin McCarthy, McCarthy, ” “, craven, — Cheney, Wade, Patrick T, Brown, ’ Trump, ” Brown, Sen, John McCain, ” Nick Anderson, Agency Nikki Haley’s, Nikki Haley, Koch, Haley, Geoff Duncan, ” Duncan, Joe Biden’s, Biden, Barack Obama, ” “ Haley, Nicole Hemmer, Bill Carter, Hannity, Newsom, Henry Kissinger’s, Henry “ Kissinger, Fareed Zakaria, Kissinger, Stalin, reread Spinoza, ” Kissinger, Zakaria, ” Jeremi Suri, ” “ Kissinger, Peter Bergen, Christopher Hitchens, Henry Kissinger David Andelman, Joe Biden, Phil Hands, Frida Ghitis, it’s, Netanyahu, Ghitis, Hani Almadhoun, Almadhoun, ” Elon, Jill Filipovic, X, Dean Obeidallah, Keith Magee, Lisa Benson, GoComics.com, Dominic Erdozain, Ronald Reagan, ’, Walt Handelsman, Will Leitch, William Faulkner, Robert Frost, John Steinbeck, Leitch, … I’d, ” Don’t, Dana Summers, Agency Amy Klein, Stuart E, Carter, Carmen Cusido, Sandra Day, Sandra Day O'Connor, Ron Edmonds, Traci Lovitt, O’Connor, Lovitt, Antonin Scalia, — Organizations: CNN, Oxford, Merriam, Exit, Trump, White House, Republican, Democrat, Independent, Mar, Twitter, Facebook, Republicans, Affordable, “, Tribune, Agency, New York Times, Biden, United Nations Relief, Works Agency, Musk’s, Islamic State, America “, National Commission, Illustrated, Sports, AP, Stanford Law, Potomac Locations: Merriam, New York, New Jersey, Roe, Georgia, Siena, optimists, European, Nazi Germany, Vietnam, Cambodia, Gaza, Israel, America, America “ America, United States, Arizona

DETROIT (AP) — BMW is recalling a small number of SUVs in the U.S. because the driver's air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people in the vehicles. Takata used volatile ammonium nitrate to create a small explosion to inflate air bags in a crash. Political Cartoons View All 1277 ImagesPotential for a dangerous malfunction led to the largest series of auto recalls in U.S. history, with at least 67 million Takata inflators involved. NHTSA says Takata air bags with a dessicant are under investigation because they have the potential to explode and expel shrapnel. The BMW recall comes after General Motors recalled nearly 900 vehicles in July with Takata inflators that have the dessicant.

Persons: Takata inflators, inflators, hasn't, dessicated inflators, General Motors, Takata Organizations: DETROIT, BMW, Takata Corp, National, Traffic Safety Administration, NHTSA, Honda, General Motors, Ford, Nissan, Toyota, Jaguar, Rover, Daimler Vans, Mitsubishi, Subaru, Benz, Ferrari, McLaren, Porsche, Mazda, Spartan, General, GM Locations: U.S, Japan, Malaysia, Australia, Chicago

☆ CNBC Daily Open: The COP28 heat is on
▼ + stars: | 2023-11-30 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 ticked down 0.09% to end at 4,550.58, and the Nasdaq Composite slipped by 0.16% to 14,258.49. The force is risingSalesforce shares rose 7% in extended trading on Wednesday after the cloud software vendor's third-quarter earnings topped analysts' estimates. [PRO] Beware crowded tradesThe S&P 500 is up more than 8% in November, putting it on track for its biggest monthly gain since July 2022.

Persons: Dow Jones, Jensen, Jensen Huang, CNBC's Andrew Ross Sorkin, Huang, Morgan Stanley, Russell Organizations: Expo, CNBC, Dow Jones, Dow, Nasdaq, Commerce Department, Gross, Federal Reserve, United Auto Workers, Detroit automakers, BMW, Honda, Hyundai, Mazda, Benz, Nissan, Subaru, Toyota, Volkswagen, Volvo, General Motors, Nvidia Locations: Dubai, United Arab Emirates, U.S, China

☆ Mercedes-Benz and BMW to establish JV for high-power charging network in China
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

The logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium June 1, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsNov 30 (Reuters) - German automaker Mercedes-Benz (MBGn.DE) said on Thursday it had reached an agreement with BMW (BMWG.DE) to establish a joint venture for operating a high-power charging network in China. At least 1,000 high-power charging stations with around 7,000 charging piles in the country are expected to be installed by the end of 2026, the company said in the statement, adding the deal was subject to regulatory approval. Mercedes-Benz announced earlier this year that it would invest billions of euros in building its own charging network of 10,000 fast-charging points in North America, Europe and China by 2030. Reporting by Ozan Ergenay, Editing by Victoria WalderseeOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman, Ozan Ergenay, Victoria Waldersee Organizations: Mercedes, Benz, REUTERS, BMW, Victoria, Thomson Locations: Brussels, Belgium, China, North America, Europe

☆ CNBC Daily Open: The heat is truly on COP28
▼ + stars: | 2023-11-30 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Japan's Nikkei 225 closed 0.5% higher, clocking monthly gains of more than 8%, while South Korea's KOSPI finished the day up 0.6%, advancing more than 11% this month. [PRO] Golden crossesThree stocks are on the verge of taking off, according to a chart pattern closely watched by technical analysts. The phenomenon, known as a "golden cross," occurs when a stock's 50-day moving average share price rises above the longer-term 200-day moving average.

Persons: KOSPI, China's, Rebooting, Sam Altman, Altman Organizations: Expo, CNBC, Nikkei, Dow Jones, National Bureau of Statistics, Microsoft, Auto, United Auto Workers, Volvo, BMW, Mercedes, Benz, Hyundai, Honda, Toyota, Detroit, General Motors Locations: Dubai, United Arab Emirates, Asia, Pacific, South, Hong Kong, China, OpenAI, U.S

☆ EVs struggle with reliability due to charging, battery issues - Consumer Reports survey
▼ + stars: | 2023-11-29 | by ( Nathan Gomes | ) www.reuters.com time to read: +2 min

On average, new EVs had 79% more problems than gasoline-powered vehicles, Consumer Reports' 2023 Annual Auto Reliability survey showed. "For the legacy automakers, (EVs) are really new technologies, so they don't have a lot of experience with batteries, charging and motors." Jake Fisher, senior director of Auto Testing at Consumer Reports, said in an interview with Reuters. Consumer Reports survey covers 20 problem areas including engine, electric motors, transmission and in-car electronics. "Even with monumental shifts in the auto marketplace, what matters most to consumers remains the same: finding safe, reliable cars," said Marta Tellado, President and CEO of Consumer Reports.

Persons: Albert Gea, Jake Fisher, Fisher, Elon, Stellantis, Marta Tellado, Nathan Gomes, Shweta Agarwal Organizations: REUTERS, Electric, Consumer, Auto Testing, Reuters, U.S, General Motors, Buick, Benz, Chrysler, Lexus, Toyota, Thomson Locations: Barcelona, Spain, U.S, North America, Bengaluru

☆ U.A.W. Announces Drive to Organize Nonunion Plants
▼ + stars: | 2023-11-29 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

The United Automobile Workers union announced Wednesday that it was undertaking an ambitious drive to organize plants owned by more than a dozen nonunion automakers, including Tesla and several foreign companies — a goal that has long eluded it. The move comes weeks after the U.A.W. In addition to Tesla, the targets of the drive are two other electric vehicle start-ups, Lucid and Rivian, and 10 foreign-owned automakers: Toyota, Honda, Hyundai, Nissan, BMW, Mercedes-Benz, Subaru, Volkswagen, Mazda and Volvo. If the U.A.W. secures a foothold among those companies, it could signal a big shift in the American auto industry, where nonunion manufacturers have long had a significant cost advantage over the Detroit automakers.

Persons: Tesla Organizations: United Automobile Workers, General Motors, Ford Motor, Toyota, Honda, Hyundai, Nissan, BMW, Mercedes, Benz, Subaru, Volkswagen, Mazda, Volvo, Detroit

☆ UAW launches bid to organize Tesla and 'entire non-union auto sector' in US
▼ + stars: | 2023-11-29 | by ( David Shepardson | ) www.reuters.com time to read: +6 min

Shawn Fain, president of the United Auto Workers (UAW) speaks as U.S. President Joe Biden (not pictured) joins striking members of the United Auto Workers (UAW) on the picket line outside GM's Willow Run Distribution Center, in Belleville, Wayne County, Michigan, U.S., September 26, 2023. "To all the auto workers out there working without the benefits of a union, now it's your turn," UAW President Shawn Fain said in a video posted on a website urging auto workers to sign electronic cards seeking union representation. The UAW for decades has unsuccessfully sought to organize auto factories operated by foreign automakers. The website asks Tesla workers to join, saying CEO "Elon Musk is the richest man in the world, with a net worth of $230 billion. The question is, will Tesla workers get their fair share?"

Persons: Shawn Fain, Joe Biden, Evelyn Hockstein, Fain, Elon Musk, Tesla, Harley Shaiken, David Shepardson, Ben Klayman, Matthew Lewis Organizations: United Auto Workers, UAW, REUTERS, Rights, Detroit Three automakers, Tesla, Toyota, Volkswagen, Hyundai, Nissan, BMW, Mercedes, Benz, Detroit, General Motors, Ford Motor, New York Times, Honda, Subaru, Mazda, Volvo, University of California, White, Detroit Three, Lexus ES, Union, Thomson Locations: Belleville, Wayne County , Michigan, U.S, Detroit, America, Mississippi, Tennessee, Chattanooga , Tennessee, Berkeley, Georgetown , Kentucky, Washington

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