DIRS.INFO The most relevant business & tech news

☆ Jon Rahm: Fan gambling heard by players ‘every single round’
▼ + stars: | 2023-08-23 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —Gambling in the crowds on the PGA Tour? “The environment we put out at a PGA Tour event, we believe, is best in class, so you balance that with the fun. And that’s long been an issue out here, really, since the beginning of the PGA Tour. Kevin C. Cox/Getty ImagesDennis was joined at the press conference by PGA Tour commissioner Jay Monahan, who added that Saturday’s incident was “unfortunate,” but ultimately, uncommon. We have tremendous fans that have tremendous respect for what these players need to do in order to provide and present the tremendous performances they do.”

Persons: Jon Rahm, Max Homa, they’re, Homa, –, Chris Kirk, caddie Joe Greiner, Greiner, ”, ” Homa, “, Viktor Hovland, Dylan Buell, Rahm, ” Rahm, “ It’s, Michael Reaves, Tyler Dennis, Kirk, ” Dennis, Jay Monahan, Kevin C, Cox, Dennis, ” Monahan Organizations: CNN, BMW, Olympia Fields Country Club, Getty, East Lake Golf Club, “, PGA, BMW Championship Locations: Homa, Illinois, Atlanta, East Lake

HONG KONG, Aug 23 (Reuters Breakingviews) - Volkswagen’s (VOWG_p.DE) China shortcut sets a tricky roadmap for its western rivals. An increasingly competitive Chinese market means others may also need to plot a new route. VW’s western peers may feel they do not need to follow in its tracks. Second, VW’s Xpeng deal highlights how companies need to adapt quickly to stay relevant in China. Both partnerships will see the companies jointly develop intelligent, connected electric vehicles for the Chinese market.

Persons: China’s, that’s, Bernstein, Alix, Elon Musk’s, VW’s, Auto, Neil Unmack, Pranav Kiran, Thomas Shum Organizations: Reuters, HK, FAW, SAIC, VW, BMW, upstarts, Alix Partners, Elon, Mercedes, Benz, Nissan, General Motors, Honda, Toyota, Volkswagen, Volkswagen’s Audi, Zhejiang Leapmotor Technology, Jetta, Thomson Locations: HONG KONG, China, Xpeng, Kingdom, Shanghai, Hong Kong, Zhejiang

Leading the round alongside BlackRock, the world's biggest asset manager, were Canada Pension Plan, Ontario Municipal Employees Retirement System and, as previously reported, pension investor Investment Management Corporation of Ontario. The fresh funds will help the firm expand its factory footprint, Hartman said. Separately, Northvolt has assembled its first energy storage system products in Poland and expects to start customer deliveries from later this year. "We have a business plan... we always want to make sure we have access to the markets," Hartman said. Reuters has previously reported, citing sources, that Northvolt was preparing for an initial public offering that could value the company at more than $20 billion.

Persons: Helena Soderpalm, IMCO, Northvolt, Alexander Hartman, Goldman Sachs, Baillie Gifford, Swedbank, Singapore's, Chow, Hartman, Supantha Mukherjee, Simon Jessop, Mark Potter Organizations: REUTERS, BlackRock, Reuters, Management Corporation of Ontario, Volkswagen, Chow Tai Fook Enterprises, BMW, Volvo, Thomson Locations: Vasteras, Sweden, BlackRock, Canada, STOCKHOLM, LONDON, Swedish, Europe, North America, Ontario, Hong Kong, Germany, United States, Scania, Poland, Stockholm, London

☆ Viktor Hovland breaks course record to clinch astonishing victory at the BMW Championship
▼ + stars: | 2023-08-21 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

Hovland shot 10 birdies – including seven across the last nine holes – to card an unprecedented nine-under 61 and edge Fitzpatrick and world No. It means Hovland will tee off two shots behind Scheffler, who was left to rue yet another strong performance that ultimately reaped no silverware. With six runner-up finishes across his last two PGA Tour seasons, only Cameron Young has finished second as often, though Scheffler’s six wins during that period undoubtedly soften the blow. Joe Robbins/Icon Sportswire/Getty ImagesRory McIlroy finished three shots behind Fitzpatrick and Scheffler in fourth after also shooting 66. Paired with Hovland for the final round, the Northern Irishman had a front row seat to a historic showing.

Persons: Matt Fitzpatrick, Viktor Hovland, stupefied, Hovland, Fitzpatrick, Scottie Scheffler, –, ” Hovland, Dylan Buell, Scheffler, Cameron Young, Michael Reaves, ”, “ Viktor, Hovland’s, “, ” Fitzpatrick, Joe Robbins, Rory McIlroy, Viktor, ” McIlroy Organizations: CNN, Olympia Fields Country Club, BMW, PGA, Sky Sports, Torrey, Getty, Oklahoma State University, Europe’s Ryder, East, FedEx, American, Northern, Ryder Locations: Olympia, Norwegian, Illinois, Torrey Pines, East Lake, Atlanta

☆ Lucas Glover: How a former Navy SEAL helped golfer overcome 10 years of yips and become the sport’s most in-form player
▼ + stars: | 2023-08-18 | by ( Jack Bantock | Don Riddell | ) edition.cnn.com time to read: +6 min

In 2009, Glover was crowned US Open champion and became the world’s 15th best-ranked golfer. It was time to call in help, and that support arrived in the shape of former Navy SEAL Jason Kuhn. Keyur Khamar/PGA TOUR/Getty ImagesHaving first met with Kuhn in May, Glover began to work with the ex-Navy SEAL shortly after. Glover has a perfect record at the Presidents Cup, triumphing in 2007 and 2009, with Johnson his teammate at both tournaments. The Presidents Cup is a biennial competition between Americans and an international team open to players outside the United States and Europe.

Persons: Lucas Glover, Scotsman Tommy Armour, Ernie Els, Danielle Kang, Bernhard Langer, Glover, ” Glover, CNN Sport’s Don Riddell, “, Mike Segar, Jason Kuhn, Kuhn, Tyler Matzek, Keyur Khamar, –, It’s, he’s, that’d, ”, …, ” Ryder, – Zach Johnson, Ryder, Johnson, I’ve, – I’ve, Robert Galbraith, Reuters Scottie Scheffler, Wyndham Clark, Patrick Cantlay, Brian Harman, Brooks Koepka, Max Homa – Organizations: CNN, Scotsman, Bethpage, Reuters, NCAA Division, Major League Baseball, NCAA, MLB, Navy, Atlanta Braves, ex, Wyndham Championship, FedEx St, Jude, BMW, US Ryder, Rome, US Team, Harding, Golf Club, PGA of America, Team USA, triumphing Locations: Georgia, New York, Illinois, San Francisco , California, Italy, Frisco , Texas, United States, Europe

☆ Automakers are finally embracing lidar sensors. A few startups look like market-share winners
▼ + stars: | 2023-08-18 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +6 min

In this article INVZLAZROUSTINVZLAZROUST Follow your favorite stocks CREATE FREE ACCOUNTA Hesai lidar sensor on top of a vehicle in Shenzhen, China, July 10, 2022. Jade Gao | AFP | Getty ImagesFor investors in lidar startups, this has been a long time coming. After years of talk — and a SPAC boom in the sensor sector — automakers have finally started incorporating lidar units into their vehicles. Lidar, short for light detection and ranging, is a sensor technology that uses invisible lasers to create a detailed 3D map of the sensor's surroundings. Playing into investors' intense interest in self-driving technology, many lidar startups went public via mergers with special purpose acquisition companies, or SPACs, over the last few years.

Persons: LAZR, INVZ LAZR, Jade Gao, They're, Luminar, —, Omer Keilaf, Keilaf, Innoviz, Austin Russell, Russell, we'll, Tom Fennimore Organizations: AFP, Getty, BMW, Volkswagen, Refinitiv, Volvo, Polestar, Benz, Luminar Technologies, Bloomberg Locations: Shenzhen, China, Germany, U.S, SPACs, Orlando , Florida

☆ Acura is late to the EV party — but its first electric SUV looks like a winner
▼ + stars: | 2023-08-17 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

The 2024 Acura ZDX. The 2024 Acura ZDX. The 2024 Acura ZDX. The 2024 Acura ZDX. The 2024 Acura ZDX.

Persons: Mercedes, Tesla, Lexus's Organizations: Acura, Cadillac, BMW, Audi, Mercedes, Morning, Elon, General Motors, Honda, EV, Acura Acura, Google, Tesla Locations: fashionably

☆ IPG Mediabrands 'privacy alert' says clients should 'consider' a pause on Google ads product
▼ + stars: | 2023-08-17 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +18 min

Google has disputed the Adalytics report, with a spokesperson describing it in a statement to Insider as "deeply flawed and misleading." An IPG Mediabrands spokeswoman said it was not accurate to say the agency was recommending a pause on any Google product. "What worries me about this Adalytics report is that Performance Max campaigns have allegedly been observed to run on made-for children inventory," Schreurs said. The article also refers to research undertaken by 3rd party (Adalytics) and the Adalytics report also mentions the following IPG/MB clients: 1. GAF For several of the above clients, the Adalytics report references that IPG/Matterkind placed the ad.

Persons: Max, IPG Mediabrands, Adalytics, wasn't, IPG, Ruben Schreurs, Schreurs, Edward J, Markey, Marsha Blackburn, Dyson, Matterkind, Biden's Organizations: Google, YouTube, The New York Times, Federal Trade Commission, COPPA, Republican, New York Times, Brand, Adalytics, NY Times, BMO, BMW, Nike, Intuit, Honda, FTC, United States, Association, MFK Locations: Massachusetts, Tennessee, United, MFK

☆ China's economy is teetering — and these European companies are among the most at risk
▼ + stars: | 2023-08-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Several signals from China this week suggest that European companies with close ties to the world's second-largest economy may face difficulties in the coming months. "BMW has the highest China exposure among European OEMs [original equipment manufacturers] — we prefer a higher US exposure (which Mercedes has). Methodology: Revenue data by geography was available only for 422 out of the 600 companies on the Stoxx Europe 600 index. FactSet data relies primarily on geographical sales data disclosures from companies directly. When this is not available, FactSet applies a proprietary algorithm to estimate the percentage revenue exposure.

Persons: Mercedes, Daniel Schwarz Organizations: JPMorgan, Eurostat, CNBC, Mining, Rio Tinto, UBS, RBC, Porsche, BMW, Volvo Locations: China, China's, Wall Street, Europe, Mining London, American, Swiss

☆ A Gen Zer and millennial whose monthly car payments exceed their housing costs say it's 'stressful' but that they need a car
▼ + stars: | 2023-08-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

A record-high share of Americans is taking on monthly car payments of $1,000 or more. Car payments exceed housing as the biggest expense for some Gen Zers and millennials. Last year, the median monthly rent payment in the US was roughly $1,000, according to the Federal Reserve. Sherbina said managing his high monthly car bill — in addition to his other living expenses — could be stressful. "Having this high of a car payment is both stressful and has some psychological impacts," he said.

Persons: Zers, Nikita Sherbina, Sherbina, Ivan Drury, Edmunds, Cyrus Partow, Partow, It's Organizations: Service, Federal Reserve, BMW Locations: Wall, Silicon, Edmunds, Texas, Wyoming, Seattle, Los Angeles

☆ Vietnamese EV maker VinFast is now worth more than Ford and GM after Nasdaq debut
▼ + stars: | 2023-08-16 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

On Tuesday, the Vietnamese electric vehicle maker listed on Nasdaq following the completion of its merger with the U.S.-listed special purpose acquisition company Black Spade Acquisition. Following the market debut, VinFast is now currently worth $85 billion, according to CNBC calculations. The SPAC merger previously valued VinFast at approximately $23 billion, according to a June filing with U.S. securities regulator. Meanwhile, BMW and Volkswagen are both worth around $69 billion, according to Refinitiv data, with Ford at $48 billion and GM at $46 billion. VinFast is the automaking unit of Vietnamese conglomerate Vingroup and was founded in 2017.

Persons: Black Spade, VinFast, Tesla, BYD Organizations: Ford, GM, BMW, Volkswagen, Nasdaq, U.S, Spade, CNBC

☆ China is on course to overtake Japan and become the world's No.1 car exporter
▼ + stars: | 2023-08-15 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

China, automobile, vehicles Vcg | Visual China Group | Getty ImagesChina is on course to overtake Japan as the world's top auto exporter by the end of 2023, according to Moody's Analytics. "At this pace, China is on track to overtake Japan by the end of the year," Moody's economists wrote, a global ranking which Japan has claimed since 2019. According to Moody's projections, China produces more than half the world's lithium supply, thanks to its low labor costs compared to rivals Japan and South Korea. Moody's AnalyticsAs a result, some of the world's largest auto companies have set up production facilities in China, including Tesla and BMW . The Asia-Pacific region, which is home to some of the world's largest auto exporting powerhouses such as South Korea, China and Japan, has seen a mixed recovery in auto exports, Moody's highlighted.

Persons: Moody's Organizations: Visual China, Getty, Japan, EV, Tesla, BMW, Chery, SAIC Locations: China, Japan, South Korea, Germany, Thailand, Asia, Pacific

☆ These are the 6 coolest electric cars still coming this year
▼ + stars: | 2023-08-15 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Polestar 3The Polestar 3 electric SUV. Chevrolet Silverado EVThe Chevrolet Silverado EV. The Chevrolet Silverado EV. Chevrolet Equinox EVThe Chevrolet Equinox EV. The 2023 Chevrolet Equinox EV.

Persons: we'll, Kia EV9, Tim Levin, there's, Tesla, Samantha Delouya Tesla, Elon Musk, BMW Tesla Organizations: BMW, Chevrolet, Kia, Tesla, Kia Buyers, Volvo, Petersen Automotive, Chevrolet Silverado EV, EV, Silverado, Ford, BMW i5, GM Locations: Texas

That is by far the most ever spent on clean energy in a year. Solar and Wind Power Have Taken Off Electricity generation per year, in terawatt hours China 600 TWh 500 Solar Wind U.S. China 400 E.U. It would shred regulations designed to curb greenhouse gases, dismantle nearly every federal clean energy program and boost the production of fossil fuels. 1 2 3 4 5 Even Tulsa, with its strong links to oil and gas, is embracing clean energy. “But we also understand that energy is energy, whether it is generated by wind, steam or whatever it might be.”Around the country, clean energy is taking root in unlikely locales.

Persons: ”, Fatih Birol, Al Gore, Crews, Francis Energy, Dewey, Bartlett Jr, “, J.W, Peters, Mr, Lazard, Gregory Nemet, —, Biden, Tesla, Giovanni Bertolino, Jon Creyts, Steve Uerling’s, Uerling, Cathy Zoi, It’s, Mary Barra, ’, Barra Organizations: Buses, Port, International Energy Agency, India India, Energy, The New York Times, Heritage Foundation, Republican, Ford, University of Tulsa’s School of Petroleum Engineering, “ Oil, Drillers, Navistar, Public Service Company of Oklahoma, Francis, Solar Power, U.S . Steel, Gas, University of Wisconsin -, Panasonic, United, European Union, United States ’, General Motors, RMI, Ford Fusion, Tesla, Postal Service, Amazon, Peterbilt, Companies, Francis Energy, BMW Group, Honda, Hyundai, Kia, Benz Group Locations: Pittsburgh, Milwaukee, Port of Los Angeles, Houston, Europe, United States, America, China, Britain, terawatt, India, U.S, States, Beijing, London, Tokyo, Washington, Oslo, Dubai, Tulsa, Okla, Italian, Oklahoma, Oklahoma City, Texas, Galveston, In Arkansas, Republican, University of Wisconsin - Madison, Georgia, Korean, Nevada, tailpipes, California, New York, San Francisco, Canada, South Korea, Russia, Ukraine, Steve Uerling’s Tulsa, E.U, G.M

☆ Collin Morikawa pledges to donate $1,000 per birdie to Maui wildfire recovery
▼ + stars: | 2023-08-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Collin Morikawa will donate $1,000 for every birdie he makes on the PGA Tour this month to support those affected by the devastating wildfires in Maui, Hawaii, the American golfer announced Thursday. The two-time major champion will set aside the sum for each birdie holed across three FedEx Cup Playoff events, starting with the FedEx St. Jude Championship, which teed off in Memphis, Tennessee, on Thursday. Though Morikawa was born and raised in California, his family emigrated to Maui from Japan, with his grandparents owning a restaurant in Lahaina. 22 has already added $6,000 to the pot, having holed six birdies during an impressive opening round at the FedEx St. Jude Championship on Thursday. Ahead of the start of Friday’s round, Morikawa is two shots behind Spieth at five-under.

Persons: CNN — Collin Morikawa, Josh Green, Richard Bissen, Morikawa, ”, “, ” Morikawa, texted, ’, Andy Lyons, Jordan Spieth, Tom Kim, Spieth Organizations: CNN, PGA, FedEx, FedEx St, Jude, It’s, Getty, TPC, BMW Championship, East Lake Golf Club Locations: Maui, Hawaii, Memphis , Tennessee, Lahaina, California, Japan, Instagram, Maui United, “, Illinois, Chicago, Atlanta , Georgia

☆ China's Li Auto aims to outsell BMW, Mercedes, Audi in its home market in 2024
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

People stand near the logo of Chinese electric vehicle (EV) maker Li Auto at a product launch event in Beijing, China May 25, 2021. REUTERS/Yilei Sun/File PhotoSHANGHAI, Aug 9 (Reuters) - Li Auto (2015.HK) said it aimed to outsell BMW (BMWG.DE), Mercedes-Benz (MBGn.DE) and Audi in China in 2024 as the up and coming Chinese automaker accelerates rollouts of new models and ramps up production. The company will launch four new models next year including three EVs, he said. But Li Auto managed to gain market share in the segment of cars priced above 300,000 yuan and grow profits this year with four extended-range hybrid vehicles targeting family users. ($1 = 7.2134 Chinese yuan renminbi)Reporting by Zhang Yan, Brenda Goh; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Li, Li Auto, Li Xiang, Tesla, Zhang Yan, Brenda Goh, Simon Cameron, Moore Organizations: REUTERS, Yilei, HK, BMW, Mercedes, Benz, Audi, Li Auto, China Association of Automobile Manufacturers, Thomson Locations: Beijing, China

☆ Nvidia unveils an update to a new A.I. chip that hasn't even shipped yet — an aggressive move to keep its crown
▼ + stars: | 2023-08-09 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

"No one is coming for Nvidia on AI, period, any time soon," Stifel analyst Ruben Roy told CNBC in an interview Wednesday. The new version of Grace Hopper primarily delivers improvements in memory capacity and bandwidth compared with the first-generation product. In practice, improving the memory capacity and bandwidth of the Grace Hopper Superchip should help AI applications run more efficiently and smoothly. Volume production of the improved Grace Hopper Superchip is expected in the second quarter of 2024, according to Nvidia. Open-source software Nvidia's closed-source CUDA software platform – along with a library of pre-trained AI models — has helped establish the company's AI dominance.

Persons: it's, Grace Hopper Superchip, Ruben Roy, Grace Hopper, ChatGPT, Roy, Hopper, Nvidia, Pat Gelsinger, Nvidia's, Omniverse, Jim Cramer, Nvidia hasn't, Jim, enabler —, Jim Cramer's, Jensen Huang, Walid Berrazeg Organizations: Nvidia, Club, Devices, CNBC, Microsoft, Bank of America, AMD, Nvidia DGX, Intel, BMW, Computer, Getty Locations: Taipei

☆ Auto execs still don't think the Tesla sales model will catch on
▼ + stars: | 2023-08-09 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Most automakers sell cars with a traditional franchise model, while Tesla sells direct-to-consumer. Auto executives still don't think the Tesla sales model will catch on — despite some pretty substantial shifts in the auto retail space already taking place. Automaker demands put some dealers on the chopping blockBut it's been a huge debate in the industry as auto dealers are a strong lobbying force, so much so that Florida Gov. Ron DeSantis banned direct-to-consumer car sales in the state, with the exception of Tesla and EV startups that never had franchised dealers. Kerrigan experts have suggested this might be one way auto manufacturers are attempting to push out their dealerships amid the EV transition.

Persons: Tesla, Kerrigan, Jim Farley, Ron DeSantis, —, Jessica Caldwell, Edmunds, Dave Thomas Organizations: Morning, Auto, Kerrigan Advisors, EV, Reuters, Florida Gov Locations: Florida

☆ Analysis: No decoupling, but West and China drift apart
▼ + stars: | 2023-08-08 | by ( Mark John | ) www.reuters.com time to read: +5 min

Containers are seen at the Yangshan Deep Water Port in Shanghai, China, as the coronavirus disease (COVID-19) outbreak continues, October 19, 2020. But underlying trade and investment trends point to an unmistakable long-term drift in commercial ties with the West. Take foreign direct investment - the more forward-looking clue as to where commercial ties between countries are heading. WATCH GERMANYSome, meanwhile, point to the fact that U.S.-China trade - exports and imports of goods combined - hit a record $690 billion last year as evidence that the reality does not match the frosty political rhetoric. Last month's China strategy document unveiled by Chancellor Olaf Scholz's three-way coalition left open exactly how far Berlin would ultimately go in reining in commercial ties.

Persons: Aly, China's, Louise Loo, Stephen Roach, Yale Law School's Paul Tsai, Angela Merkel, Chancellor Olaf Scholz's, Mark Leonard, –, Joe Biden, Loo, Mark John, Christina Fincher Organizations: REUTERS, West, Oxford Economics, Yale Law, Yale Law School's Paul Tsai China Center, Reuters, European Council, Foreign Relations, – Mercedes, Benz, BMW, Volkswagen, BASF –, Oxford, Thomson Locations: Port, Shanghai, China, United States, Europe, GERMANY, Germany, Berlin, reining, Taiwan, U.S

☆ Drivers Frustrated With Their Cars Door Handles, Screens, Other Tech
▼ + stars: | 2023-08-07 | by ( Alexa St. John | Tim Levin | ) www.businessinsider.com time to read: +4 min

The auto research firm JD Power assessed dozens of vehicle brands for its latest quality study. The overall quality of new vehicles is deteriorating and nagging problems are on the rise, according to a new study from JD Power. "The basic touch point of door handles is now a percolating problem area as manufacturers attempt to redesign them," JD Power said. JD Power assigned a score to each auto brand based on problems per 100 vehicles, and calculated an industry average of 192 problems per 100 vehicles (PP100), up from 180 in 2022. In terms of vehicles themselves, the Nissan Maxima had the highest initial quality overall, with 106 problems per 100 vehicles, according to the survey.

Persons: Tesla, Dodge, Frank Hanley, Power, JD Power, Ram, Alfa Romeo, Polestar Organizations: JD Power, Fiat Chrysler, French PSA Group, Buick, Chevrolet, Volvo, Chrysler, Volkswagen, Nissan, JD, Dodge, Romeo, GMC, Porsche, Kia, Lexus, Maserati, Hyundai, Honda, BMW, Mitsubishi, Toyota, Ford, Benz, Rover, Mazda, Acura, Lincoln

☆ PS opening private, luxury terminal at ATL airport in September
▼ + stars: | 2023-08-06 | by ( Forrest Brown | ) edition.cnn.com time to read: +5 min

A new private, luxury terminal for people taking commercial flights is scheduled to open on September 6 at Hartsfield-Jackson Atlanta International Airport, according to operator PS in a news release. It’s the second one under the PS umbrella, with a similar private terminal having been open at LAX in Los Angeles since 2017. What a PS terminal offersThe Salon allows customers at LAX to wait for their commercial flights in high style. Like the LAX terminal, the ATL terminal will have its own private access road and parking. PS LAXReservations are already being accepted for PS Atlanta.

Persons: You’ll, ”, Amina Porter, you’re, Guy, Royal Champagne Organizations: Atlanta CNN, Hartsfield, Jackson Atlanta International Airport, LAX, Atlanta Department of Aviation, Fort, Miami International Airport, ATL, TSA, BMW, Flyers, PS Atlanta, Delta Air Lines Sky Club Locations: Los Angeles, Atlanta, Dubai, Frankfurt, London’s Heathrow, United States, Dallas, Fort Worth, DFW, Royal

☆ Mansion on wheels: Step inside the Elemment Palazzo Superior, a double-decker RV with a pop-up rooftop lounge
▼ + stars: | 2023-08-04 | by ( Kate Springer | ) edition.cnn.com time to read: +8 min

Enter the Elemment Palazzo Superior. Marchi Mobile ViennaOriginally from Vienna, Austria, Marchi feels like he was born to design automobiles. ‘Like a 4D cinema’The Elemment Palazzo Superior's unusual cockpit is set on the second level. Marchi Mobile ViennaOne of the first things you’ll notice about the Elemment Palazzo Superior is its futuristic cab with a giant, bug-eyed windshield and extra-high driver’s seat. Marchi Mobile ViennaOn the far side of the kitchen, a discreet sliding door opens to a spacious primary bedroom.

Persons: we’re, Marchi, Mario Marchi, Robert Tober “, ” Mario Marchi, –, ”, “, Luigi Colani, ” Marchi, “ It’s Organizations: CNN, Royce Phantoms, Marchi Mobile, Marchi Holding AG, Marchi Group, CNN Travel, BMW, Volkswagen, Steinway Locations: Palazzo, European, Marchi, Vienna, Austria, England

☆ BMW forecasts growth in Europe, warns supply chain issues remain
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] A BMW iX electric car is displayed during a media tour at the plant of German automaker BMW in San Luis Potosi, Mexico, February 3, 2023. Still, it warned that supply chain issues and inflation would likely continue to weigh on the rest of the year. BMW reported a 2.9% drop in second-quarter net profit, in line with analysts' expectations, after last year's figures were boosted by its decision to take majority control of its Chinese joint venture BMW Brilliance Automotive. BMW saw significantly higher revenues for the first half at 74 billion euros due in part to the integration of its Chinese joint venture BMW Brilliance Automotive (BBA) as well as higher sales and pricing. It paid 3.7 billion euros to take majority control of the Chinese joint venture in February last year, pushing up earnings before tax in the first half of 2022 by 7.7 billion euros.

Persons: Toya Sarno Jordan BERLIN, Victoria Waldersee, Friederike Heine, Edmund Klamann, Bernadette Baum Organizations: BMW iX, BMW, REUTERS, Thomson Locations: San Luis Potosi, Mexico, United States, China

☆ Morning Bid: Markets brace for BOE as China PMI cheers
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

The BOE is leaning toward a 25 basis point hike after the inflation gods took some pity on the UK last month. Investors and economists will be sure to inspect the BOE's growth and inflation forecasts for indications of just how sticky the central bank thinks inflation has become. Not to be overshadowed by monetary policy, earnings reports roar back into focus on Thursday with Apple (AAPL.O) at the forefront. China kicks off a long line of PMI releases today with better-than-expected services activity, giving markets a bit of good news after disappointing data on Monday. In Japan, the stock market continued to feel the drag from U.S. chip firms on Thursday morning, with the Nikkei (.N225) seeing broad-based losses.

Persons: Hollie Adams, Brigid Riley, BOE, Jerome Powell isn't, hasn't, Stryker, Fed's Barkin, Jacqueline Wong Organizations: Bank of England, City of, REUTERS, Bank of, CPI, Reuters Graphics, ECB, Apple, Moderna, PMI, HK, Nikkei, Royce, Infineon, Adidas AG, BMW, Fed's, Thomson Locations: City, City of London, Britain, United States, China, Japan, U.S, Expedia, France, Italy, Sweden, Spain, Germany, Euro

☆ BMW lifts sales, earnings outlook on cars amid strong order bank
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: 1 min

Companies Bayerische Motoren Werke AG FollowBERLIN, Aug 1 (Reuters) - BMW (BMWG.DE) has lifted its annual outlook for its margin on earnings before interest and taxes in the automotive segment to between 9-10.5% from 8-10% previously, and expects solid growth to its deliveries, the carmaker said on Tuesday. BMW had previously forecast just a slight growth in deliveries but adjusted this expectation upwards on the basis of a strong order bank and expected improvement in the availability of its premium vehicles, it said. Reporting by Victoria Waldersee; editing by Matthias WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Victoria Waldersee, Matthias Williams Organizations: Bayerische Motoren, BERLIN, BMW, Thomson

Search resuls for: "BMW"

25 mentions found