DIRS.INFO The most relevant business & tech news

☆ Lamborghini has sold its last fully gas-powered supercar
▼ + stars: | 2023-07-05 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Lamborghini is all sold out of gas-powered supercars, its CEO told the German outlet Welt. Lamborghini plans to launch its first electric vehicle later this decade. Lamborghini CEO Stephan Winkelmann told the German newspaper Welt on Wednesday that the brand has sold out its remaining production run of fully gas-powered models, per Reuters. First up will be plug-in hybrid replacements for the Aventador and Huracan supercars and a plug-in hybrid Urus SUV. Winkelmann told Insider he is intent on giving Lamborghini buyers the adrenaline-pumping performance they expect — and more — while cutting the company's carbon footprint.

Persons: Stephan Winkelmann, Lamborghini, Lamborghini Revuelto, Tim Levin, Winkelmann Organizations: Lamborghini, bros, Welt, Huracan

☆ Lamborghini sells out combustion engine models - WELT
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

Companies Volkswagen AG FollowJuly 5 (Reuters) - Lamborghini's combustion engine models are sold out until the end of production, its chief executive was quoted as saying in the WELT newspaper on Wednesday, as the luxury carmaker transitions towards a pure hybrid lineup. Order books for its Hurucan and Urus models are full, marking the end of combustion engine vehicle production for the company, Stephan Winkelmann, head of the Volkswagen (VOWG_p.DE) subsidiary, said. Winkelmann told WELT the combustion engine models would be replaced by plug-in hybrids in 2024 and 2025, adding he expected the hybrid Revuelto model to be sold out by the end of 2025. The carmaker saw record sales last year and was aiming for a "very good result" this year again, he added. ($1 = 0.9175 euros)Reporting by Victoria Waldersee Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephan Winkelmann, Lamborghini, Winkelmann, Victoria Waldersee, Mark Potter Organizations: Volkswagen, WELT, Victoria, Thomson

☆ Fact Check-News segment about stolen Amazon goods used to buy Lamborghini is fabricated
▼ + stars: | 2023-06-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video clip purportedly showing an ABC News segment about an Amazon delivery driver selling stolen packages and buying a sports car with the profits was fabricated, according to both the TikTok user who claimed credit for creating the video and a spokesperson for the U.S. television network. “Amazon package thief buys a Lamborghini after reselling the stolen items he took online,” read posts sharing the fake ABC News clip on Facebook and Twitter (here) and (here). The chyron on the fabricated clip reads “AMAZON PACKAGE THIEF BUYS LAMBO.”No such news segment exists, however, on ABC’s website (abc.com/) or its YouTube channel (bit.ly/465FtAq). A spokesperson for ABC News also said in a telephone interview that the clip is inauthentic. ABC did not broadcast a news segment about an Amazon delivery driver selling stolen packages and buying a Lamborghini with the proceeds.

Persons: ”, Read Organizations: ABC, U.S ., Lamborghini, Twitter, ABC News, Reuters

Then, a deep dive into MrBeast and what his YouTube empire says about the future of the internet. Reddit came along and said, oh, we need to protect Reddit from the rise of these large language models. So I don’t think they’re totally out of the woods. But I don’t think people would say it was a golden age for how safe the platforms fell to use. But I want to challenge you on this, because I don’t necessarily think that it’s a bad thing if we have past peak trust and safety.

Persons: kevin roose, you’ve, casey newton, casey newton Yes, I’ve, there’s, kevin roose I’m, Kevin Roose, ” casey newton, Casey Newton, Casey, Reddit, casey newton Right, roose, Steve Huffman, you’re, Kevin, It’s, They’re, casey newton Well, they’ve, we’re, Huffman, “, Redditors, We’ve, Everyone’s, we’ve, I’m, let’s, Sam Walton, Max, kevin roose Hey, kevin roose Oh, kevin roose Max Read, MrBeast, it’s, Jimmy Donaldson, He’s, Willy Wonka, he’s, somethings, haven’t, kevin roose We’ll, We’ll, kevin roose She’s, she’s, kevin roose MrBeast, Jeremiah, jeremiah howard, Jeremiah Howard who’s, Jimmy, Burger, You’re, Stefan Molyneux, PewDiePie, Paul, Let’s, Raman, kevin roose It’s, MrBeast financials, doesn’t, Logan Paul, they’re, Vincent Miller, Jon Hamm’s, Matthew Weiner’s, kevin roose Max, Will, Max Read, ” kevin roose, casey newton Max, Robert F Kennedy, COVID, Kennedy, Instagram, Connor Roy, Marjorie Taylor Greene, Robert F Kennedy Jr, Elon, Donald Trump, We’re, Jim Jordan, kevin roose Totally, Alex Jones, casey newton Totally, Kate Kalanick, Trump, Tucker Carlson, aren’t, — casey newton, hasn’t, Rachel Cohn, Jen Poyante, Caitlin Love, Alyssa Moxley, Dan Powell, Elisheba Ittoop, Marion Lozano, Sofia Lanman, Rowan Niemisto, Paula Szuchman, Tam, Nell Gallogly, Kate LoPresi, Jeffrey Miranda Organizations: The New York Times, Twitter, YouTube, Lamborghini, Netflix, Walmart, News, Producers, Meta, Instagram, COVID, Democratic, Washington Post, Apple, Republicans, Facebook, 4chan, Republican Party, Trump, Fox News, Stanford, Davis Locations: Hawaii, Reddit, Greenville , North Carolina, hysterics, New Jersey, New York, Greenville, North Carolina, Central, United States, Bay, San Francisco, Stanford

☆ Matt Onofrio quickly made millions as a real-estate influencer. Then he was indicted for bank fraud.
▼ + stars: | 2023-06-04 | by ( Matt Turner | ) www.businessinsider.com time to read: +6 min

That was the verdict a top tech executive shared with me recently, describing the impact he predicted AI would have on the workforce. The unfolding situation has the potential to cast Onofrio as a real-estate confidence man for the influencer age. Also read:Wall Street's new normalPeople walk by a Lamborghini car along Wall Street in Manhattan. In that environment, any fool — or anyone on Wall Street — could buy almost any asset, sit back, and watch its value increase. Wall Street is hoping that — and investing like — we're going back to that era sometime soon.

Persons: Matt Turner, Nicholas Braun, Greg Hirsch, AI's, Lance McMillan, Matt Onofrio, he'd, Spencer Platt, There's, Insider's Linette Lopez, ANDREW CABALLERO, REYNOLDS, OPMs, Spriha Srivastava, OpenAI, Nicole Miranda, Elizabeth Holmes, Hallam Bullock, Bob Bryan, Hana R, Alberts Organizations: Toronto Star, Getty, Lamborghini, Getty Images, Tech Locations: California, Midwest, Manhattan, Washington ,, Florida

☆ Premarket stocks: The uber-wealthy are doing just fine and Wall Street is cashing in
▼ + stars: | 2023-06-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But that’s not the case for everyone: The ultra-wealthy are doing just fine, and Wall Street firms are taking advantage of that. Germany, the largest economy in Europe, has slipped into recession as energy price shocks took their toll on consumer spending. In the past 10 weeks, JPMorgan Global Wealth Management opened 40,000 new accounts. Last year, it added around one new client with assets of $100 million or more per day, Mary Erdoes, head of asset and wealth management at the bank, told investors last week. Dollar General customers turn to food banksDollar General (DG) stock had one of its worst days ever on Thursday.

Persons: New York CNN —, that’s, JPMorgan Chase, Andy Cohen, Mary Erdoes, It’s, Goldman Sachs, Louis Vuitton, Dom Pérignon, Dior, Huw Roberts, Hermes —, Roberts, ”, Erwan, “, Gregory Daco, Allison Morrow, Jeff Owen, Owen, Cash, They’re, Elisabeth Buchwald, Treasury hasn’t, Biden Organizations: CNN Business, Bell, New York CNN, Wall, JPMorgan, Bloomberg, JPMorgan Global Wealth Management, Citigroup, International Monetary Fund, Lamborghini, HSBC, EY, Dollar, Treasury, US Treasury Locations: New York, China, United States, Germany, Europe, BlackRock

☆ Blackstone, the massive private-equity firm, just wants to be your friendly, neighborhood lender
▼ + stars: | 2023-05-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Your friendly neighborhood lender, BlackstoneWhat's the first thing that pops into your head when you think of a regional bank? Nouriel Roubini, the famed economist known as "Dr. Doom" isn't too optimistic about the future of regional banks. Never one to miss a chance to make money, Blackstone CEO Stephen Schwarzman said his firm can "fill the void" left by regional banks tightening up their lending activity. Regional banks happen to be one of the biggest lenders in commercial real estate. Doom' is feeling bearish on regional banks.

☆ Why an empty sand plot in Dubai sold for a record $34M
▼ + stars: | 2023-05-23 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

The sale – for 125 million dirhams (AED) – marks a whopping 242% gain over his original purchase price of 36.5 million AED, or just under $10 million, in 2021. Jumeirah Bay Island is also home to plenty of sandy beaches and a marina for dozens of yachts, high-end restaurants, a gym and a spa center. Jumeirah Bay Island, on the other hand, is much smaller at just 0.22 square miles, and is considered more exclusive. Current listings show an empty plot for sale on Jumeirah Bay Island for 90 million AED, or about $24.5 million. A three-bedroom, four-bathroom apartment in the Bulgari complex on the island is being offered for 60 million AED, or about $16.3 million.

☆ Marieke Vervoort: How one Paralympian and triathlete's euthanasia papers extended her life by a decade
▼ + stars: | 2023-05-22 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +10 min

CNN —Throughout her storied career, triathlete and Paralympian Marieke Vervoort captured the imagination of her native Belgium and the wider world. … The fact that that had given her so much mental liberation and spiritual liberation, I thought, was a fantastic story,” Rapaport told CNN Sport. “If I didn’t have the papers, I think I would have already committed suicide,” Vervoort told reporters in 2016. And in this case, having control over decision-making about the end of your life,” Rapaport explained. Vervoort died in October 2019.

☆ Driving Lamborghini's new off-road supercar
▼ + stars: | 2023-05-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

I was driving a $380,000 Lamborghini Huracán Sterrato, and I couldn’t help laughing out loud. Lamborghini worked with Bridgestone to create tires using rubber similar to that on Lamborghini’s other performance tires, but with an off-road tread. The idea for it emerged while Lamborghini engineers and designers were having beers after a day driving off-road in a prototype of the Urus SUV. That was a lot of fun, they thought, but wouldn’t driving one of our all-wheel-drive supercars off-road be even better? Even those of us who can’t afford one should perhaps be glad the Lamborghini Huracán Sterrato exists.

☆ 2023 Lamborghini Huracán Sterrato: A Supercar For Off-Roading
▼ + stars: | 2023-05-19 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/2023-lamborghini-huracan-sterrato-review-a-supercar-for-off-roading-4f7a96f1

☆ Taking one last 12-cylinder ride with Bentley's $384,000 Continental GTC Speed
▼ + stars: | 2023-05-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

With the king of combustion hitting the end of its road, Bentley has launched the Continental GTC Speed. Bentley Continental GTC Speed in Kingfisher Adam Jeffery | CNBCDespite a price tag approaching $400,000, the GTC Speed is quickly selling out. So with the Continental GTC Speed, Bentley has decided to party like it's 1999. The most beautiful part of the Continental GTC Speed is the drive. Even with an unladen weight of over 5,300 pounds, the Continental GTC Speed takes corners, stops and accelerations like a much nimbler supercar.

☆ Bentley CEO says customization craze among the wealthy is boosting profit
▼ + stars: | 2023-05-18 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter due in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. The reason: Wealthy buyers are spending more to personalize their cars with special paint colors, leather, stitching and details. "Customers are choosing one of our 62 paint colors, the 43 leathers we offer and lots of options," Hallmark told CNBC. Bentley's Mulliner Edition department at the company's Crewe factory is turning out record numbers of one-of-a-kind Bentleys with special paint colors, metal finishes and embroidery.

☆ Brace for a recession by September, a 20% plunge in the S&P 500, and a painful credit crunch, top economist David Rosenberg says
▼ + stars: | 2023-04-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

David Rosenberg sees a near-term recession, a 20% hit to stocks, and a damaging credit crunch. The economist panned the Fed for hiking interest rates and said they could hit zero again. (Rosenberg suggested S&P 500 earnings could drop by one-fifth in a recession, to about 3,200 points.) Now we have not just the cost of credit being a problem for the economy, but the availability of credit is going to compound that. Read more: We put 7 burning questions to top economist David Rosenberg.

☆ I started my Turo business with one car and grew my fleet to 69 cars. Now I can afford a luxury apartment and multiple vacations every year.
▼ + stars: | 2023-04-19 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

Natalia Zorina is a Turo host in Miami who started her business on the car-rental app in 2018. I started Turo as a side hustle with one carI'm from Ukraine and moved to the US in 2017. I started renting our family car, a 2011 Porsche Cayenne, on Turo in 2018. Luxury family cars, like Mercedes SUVs, are also in demand because tourists in Miami come here to enjoy the luxury vibe of the city. In my fleet, I have a yellow car, orange car, blue cars, green cars — I have all sorts of colors.

☆ Lamborghini CEO says orders for hybrid Revuelto show 'incredible' demand from wealthy car-buyers
▼ + stars: | 2023-04-11 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

watch nowLamborghini's quick sellout of its new $600,000 hybrid supercar is proof that wealthy car buyers are still spending, according to the CEO. Lamborghini already has a waiting list and two years worth of orders for the Revuelto, its first ever plug-in hybrid that was launched last month, CEO Stephan Winkelmann told CNBC. Every Lamborghini model launched after the Revuelto will be a hybrid, with plug-in versions of the Urus SUV and Huracan sportscar expected in the coming years. With the Revuelto, Lamborghini utilized the best of both worlds, pairing three electric motors with a new 6.5-liter, naturally aspirated V12 engine for a combined 1,001 horsepower. Lamborghini Revuelto Ambient Courtesy: Lamborghini"The team worked hard on this car for years," Winkelmann said.

☆ The coolest cars we saw at the New York auto show, from a sleek electric Hyundai to an all-terrain Lamborghini
▼ + stars: | 2023-04-08 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

It has knobby tires, protective cladding, and extra lights up front. And, since this is a Lambo after all, the Huracan Sterrato has 602 horsepower and can can hit 60 mph in 3.5 seconds, the brand claims. The Lamborghini Huracan Sterrato. Tim Levin/Insider

☆ We got an early look at Lamborghini's first electrified supercar. See the $600,000 Revuelto.
▼ + stars: | 2023-04-06 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

The appeal of more pedestrian plug-in hybrids is their ability to run short errands cheaply and without burning fuel. But since this is a Lamborghini after all, the motors are really there to inject extra speed — not for gas-saving grocery runs. The 2024 Lamborghini Revuelto. Tim Levin/Insider

☆ Lamborghini unveils plug-in hybrid that does 217 miles per hour
▼ + stars: | 2023-04-04 | by ( Christian Nunley | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLamborghini unveils plug-in hybrid that does 217 miles per hourLamborghini has unveiled its first-ever plug-in hybrid car. The Revuelto comes equipped with three electric motors attached to the company's third-ever V-12 engine that takes the car up to 217 mph on over a thousand horsepower.

☆ Lamborghini unveils hybrid that reaches top speed of 217 miles per hour
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLamborghini unveils hybrid that reaches top speed of 217 miles per hourLamborghini is unveiling its first ever plug-in—a 1001-horsepower beast that has three electric motors attached to a hulking V-12. It does 0-60 in less than 2.5 seconds and has a top speed of 217 mph. CNBC's Robert Frank reports.

☆ The Lamborghini Revuelto is a 1,001 horsepower hybrid supercar flagship
▼ + stars: | 2023-03-29 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

The Lamborghini Revuelto is a plug-in hybrid and, while it still has a V12 gasoline engine, it also has three electric motors. The new V12 engine is also slightly lighter – by 37.5 pounds – than the engine in the Aventador supercar it’s replacing. Lamborghini has not yet announced the price of the Revuelto but all these new plug-in hybrid models will cost significantly more than the models they replace, Winkelmann said. Still, the sharing of parts and production lines will do little to offset the increased cost of the shift to plugin hybrid power, he said. Given current battery technology, an electric Lamborghini supercar just isn’t possible, Winkelmann has said, because the batteries are simply too heavy.

Former real-estate developer Guo Wengui has said he fled China in 2014 after hearing that a state security official to whom he was close would be arrested. Chinese businessman Guo Wengui , who gained attention by lobbing corruption allegations at Beijing from a Manhattan penthouse and later launched a media company with Trump confidant Steve Bannon , was arrested Wednesday and accused of orchestrating a $1 billion fraud. Mr. Guo took advantage of the hundreds of thousands of followers he amassed online, prosecutors alleged, by soliciting investments in his cryptocurrency, media and other companies. Instead, he used the money to buy a $26 million home in New Jersey, a yacht, a Ferrari and a $36,000 mattress, among other items, said the indictment, which charged Mr. Guo with 11 counts of fraud and money laundering. Prosecutors said they seized $634 million in criminal proceeds and assets that included a Lamborghini.

[1/5] Guo Wengui (also known as Miles Kwok) holds a news conference with Steve Bannon in New York, New York, U.S., November 20, 2018. Guo, 52, was charged with 11 criminal counts including securities fraud, wire fraud and concealment of money laundering, after "lining his pockets with the money he stole," U.S. Attorney Damian Williams in Manhattan said in a statement. They will propose a "robust bail package," according to Tamara Giwa, a federal public defender who represented Guo at Wednesday's hearing. Bannon is not accused of wrongdoing in Guo's criminal case. It said it also seized assets purchased with proceeds from Guo's alleged fraud, including a Lamborghini Aventador, and wants Guo to forfeit the yacht.

☆ DOJ charges Chinese businessman Guo Wengui, associate of Steve Bannon, in $1 billion fraud
▼ + stars: | 2023-03-15 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Former White House Chief Strategist Steve Bannon greets fugitive Chinese billionaire Guo Wengui before introducing him at a news conference on November 20, 2018 in New York. The controversial exiled Chinese billionaire businessman Guo Wengui — an associate of former Trump White House advisor Steve Bannon — was arrested in New York on Wednesday for orchestrating what federal prosecutors called a more than $1 billion fraud conspiracy that duped online followers with promises of outsized investment returns. Former President Donald Trump months later pardoned Bannon in that case, shortly before Trump left the White House. IThe defendants are charged with wire fraud, securities fraud, bank fraud, and money laundering in the criminal case. Both Guo and Je face ossible sentences of up to 20 years in prison if convicted.

☆ The unintended consequences of remote work
▼ + stars: | 2023-03-14 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

While remote work offers flexibility, it often comes at the cost of maintaining a work-life balance. Remote work has also made it possible to hire anyone anywhere, which CEOs and hiring managers are starting to realize. Tech companies are offshoring jobs, due to America's broken immigration system, and remote work is making it easier. American tech companies are offshoring jobs, but it isn't all because of remote work. He says remote work led to all of this in the first place.

Search resuls for: "Lamborghini"

25 mentions found