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☆ The Maple Leafs, Better Late Than Never, Finally Win a Playoff Round
▼ + stars: | 2023-04-30 | by ( Shawna Richer | ) www.nytimes.com time to read: +1 min

arena that is home to the Maple Leafs was jammed and jumping like a mosh pit on a damp, cold — even for Canadian springtime — Saturday night. Far south in Tampa, Fla., center John Tavares scored in overtime against the Lightning to end an excruciating stretch of playoff futility for the Maple Leafs. Back in Toronto, near and far from the outdoor crowd watching the game on a ginormous screen, car horns bleated across this longtime playoff wasteland. The mob, some members of it screaming, some crying, some setting off fireworks, some suddenly shirtless, throbbed like a nightclub throng. A few dramatic celebrators climbed lamp posts, hanging by one hand and filming the scenes with the other.

CNN —When the Toronto Maple Leafs last won a playoff series, George W. Bush was the US President, Lance Armstrong was winning Tour de France titles and The Facebook had just been launched. A lot has happened since 2004, and it has been quite the wait for the Maple Leafs. Before Saturday, the Maple Leafs had lost six straight first-round series, in addition to a qualifying-round loss in 2020 during the NHL bubble. In 2004, the Maple Leafs defeated the Ottawa Senators in seven games to advance to the Eastern Conference semifinals. The Maple Leafs will face the winner of Game 7 between the Boston Bruins and Florida Panthers Sunday.

☆ NHL roundup: Chandler Stephenson nets 2, Knights KO Jets
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Stephen R. Sylvanie-USA TODAY SportsApril 28 - Chandler Stephenson scored two goals to lead the Vegas Golden Knights to a series-clinching, 4-1 victory over the Winnipeg Jets in Game 5 of a Western Conference first-round playoffs series on Thursday in Las Vegas. Stephenson registered the first two-goal playoff game of his career, and Stone notched his second three-point game of the 2023 playoffs. Vegas goalie Laurent Brossoit finished with 29 saves to improve to 9-1-0 in his past 10 starts dating back to the regular season. New Jersey has won three consecutive games after losing the first two of the series, all since Schmid was given the net. The rookie made 23 saves in the Game 5 victory.

☆ Chrysler-parent Stellantis offering buyouts to 33,500 U.S. employees
▼ + stars: | 2023-04-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Carlos Tavares, Chief Executive Officer of Stellantis, poses during a presentation at the New York International Auto Show, in Manhattan, New York City, April 5, 2023. DETROIT – Stellantis is offering voluntary buyouts to more than 33,500 U.S. salaried and hourly employees, as the global automaker attempts to cut costs and headcount. The buyouts will be offered to 31,000 hourly employees with at least one year of employment and 2,500 salaried non-union U.S. employees who have 15 or more years with the company, the automaker said Wednesday. General Motors earlier this year offered buyouts to a majority of its salaried employees following performance-related layoffs. Stellantis earlier this year idled a Jeep plant in Illinois, placing about 1,200 workers on indefinite layoffs.

☆ Jeep-maker Stellantis is offering buyouts to some of its most senior employees — and blaming it on EVs
▼ + stars: | 2023-04-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Stellantis is offering thousands of employees buyout packages, The Wall Street Journal reported. The move comes weeks after crosstown rival General Motors offered employees buyouts. The salaried employees getting the offers have 15 or more years of experience, according to the Journal. In the memo, Stewart attributed the move to the EV transition, writing, "The competition is fierce, and the cost of electrification cannot be passed on to the customer," The Wall Street Journal reported. Stellantis last offered buyouts to salaried US employees last fall.

☆ China wants its AI to only say nice things about the communist party. Good luck with that.
▼ + stars: | 2023-04-24 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

AI systems must reflect China's "socialist core values," according to new rules reported by The New York Times. Proposed regulations could make it harder for Alibaba, Baidu and other Chinese tech companies to chase OpenAI. Bytedance and Tencent are also competing in the new AI race against Google and Facebook. A new wave of AI models is already beginning to disrupt Western business and society by automating some tasks and convincingly lying about important topics. Tencent, Bytedance, Baidu, Alibaba, Sensetime, and other big Chinese tech companies have the technical prowess to develop their own generative AI models.

☆ Tavares gets hat-trick as Leafs avenge Lightning rout to level series at 1-1
▼ + stars: | 2023-04-21 | by ( Steve Keating | ) www.reuters.com time to read: +2 min

TORONTO, April 20 (Reuters) - Captain John Tavares scored his first postseason hat-trick as the Toronto Maples Leafs avenged a Game One rout with a 7-2 thrashing of the Tampa Bay Lightning on Thursday, leveling the opening round Stanley Cup playoff best-of-seven series at 1-1. Leafs fans had their fingers on the panic button after a 7-3 loss to the Lightning on Tuesday, booing the team off the ice. "We needed a response tonight in a big way," said Leafs coach Sheldon Keefe. The oddsmakers are backing Toronto to win the best-of-seven series but history favors the Lightning, who have won seven consecutive playoff series after taking the first game. Thursday's contest turned nasty right from the start with the Leafs' Mark Giordano and Tampa Bay tough guy Zach Bogosian dropping the gloves to fight early in the opening period.

☆ NHL roundup: Avs erase 2-goal deficit, edge Kraken
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +3 min

Alexandar Georgiev turned away 27 shots for the Avalanche, who overcame a two-goal deficit and evened the Western Conference series at 1-1. Justin Schultz and Brandon Tanev scored for the Kraken, Yanni Gourde assisted on both goals and Philipp Grubauer made 38 saves. Chandler Stephenson and William Karlsson each finished with a goal and assist and Jack Eichel scored his first career playoff goal for Vegas, which evened the best-of-seven series 1-1. Mitchell Marner added two goals and an assist for the Maple Leafs, who evened the best-of-seven series at one win apiece. William Nylander contributed a goal and an assist and Zach Aston-Reese scored a goal for Toronto.

☆ Lightning strike to shock Leafs in Stanley Cup opener
▼ + stars: | 2023-04-19 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

[1/4] Apr 18, 2023; Toronto, Ontario, CAN; Tampa Bay Lightning defenseman Ian Cole (28) goes to check Toronto Maple Leafs forward Mitchell Marner (16) during the first period of game one of the first round of the 2023 Stanley Cup Playoffs at Scotiabank Arena. Mandatory Credit: John E. Sokolowski-USA TODAY SportsTORONTO, April 18 (Reuters) - The Toronto Maple Leafs' bid to end their 56-year Stanley Cup drought got off to a woeful start on Tuesday as the Tampa Bay Lightning rolled to a 7-3 win in the opener of their best-of-seven first round series. The Lightning have reached the Stanley Cup finals for the last three seasons, hoisting the trophy twice, and they showed the Maple Leafs how its done with a Game One master class that oozed poise and discipline. Toronto's comeback was short circuited when Michael Bunting was called for an illegal check, gifting Tampa Bay a five-minute powerplay that produced three goals. The teams traded goals in the third, Ross Colton counting for Tampa Bay and Calle Jarnkrok for Toronto.

☆ Automaker Stellantis hires ex-Adidas, grocery executive as CFO
▼ + stars: | 2023-04-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Stellantis on Wednesday said it has hired the chief financial officer from global grocery company Ahold Delhaize to replace CFO Richard Palmer, who plans to leave the company at the end of June. Palmer will be succeeded by Natalie Knight, who has served as CFO at the Netherlands-based food retailer since early 2020. The automaker did not release details regarding why Palmer, who served as CFO through two major global mergers, is leaving the company. The resulting automaker then merged with French company PSA Groupe in 2021, forming Stellantis. Stellantis said Knight will be based at the company's U.S. headquarters in Auburn Hills, Michigan, "with extensive travel to Europe and the other regions."

☆ Stellantis retains strong pricing power in North America, CEO says
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: 1 min

MILAN, April 13 (Reuters) - Stellantis (STLAM.MI) has managed to preserve a strong pricing power in North America, its CEO Carlos Tavares told shareholders on Thursday, in contrast with signs of pricing power declining for global automakers, with possible impacts on margins. Electric car maker Tesla (TSLA.O) earlier this month cut its prices in the United States, the fifth such cut in its largest market since the start of the year. Reporting by Giulio Piovaccari and Gilles Guillaume, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

☆ NHL roundup: Claude Giroux reaches 1,000 points in Senators' win
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +5 min

Giroux entered the game with 998 points but reached the milestone before the first intermission. Giroux followed up with a backhand shot at the 9:37 mark for his 34th goal of the season, his 1,001st career point and his 52nd career game-winning goal. Jets 6, Sharks 2Defenseman Erik Karlsson reached 100 points this season but couldn't spark his team to victory as host Winnipeg beat San Jose. Stars 6, Red Wings 1Roope Hintz had a goal and three assists to help Dallas earn a road win over Detroit. Wild 4, Blackhawks 2Marcus Johansson scored two of Minnesota's three goals over the final six minutes in its win over host Chicago.

☆ NHL roundup: Connor McDavid hits 150 points in Oilers' win
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +12 min

Tomas Hertl scored, and James Reimer made 29 saves for the Sharks, who have lost seven straight against the Oilers. McDavid notched his 150th point when he scored with 1:44 left in the opening period for a 2-1 lead. Jesper Bratt scored the lone goal and MacKenzie Blackwood made 38 stops for the Devils, who had won back-to-back games. Avalanche 4, Kings 3Denis Malgin scored two goals for visiting Colorado in a win against Los Angeles. Alex Nylander, Danton Heinen and Evgeni Malkin each scored a goal and Tristan Jarry made 19 saves for the Penguins.

NEW YORK, April 5 (Reuters) - Ford Motor Co (F.N) and Chrysler-parent Stellantis (STLAM.MI) said on Wednesday that most of its electric and plug-in electric hybrid models will see tax credits halved to $3,750 on April 18 after new U.S. Treasury rules take effect. The other models currently getting credits - Ford Mustang Mach-E, Ford E-Transit, Ford Escape Plug-In Hybrid and Lincoln Corsair Grand Touring - will see credits drop to $3,750. Stellantis said of its three plug-in hybrid electric models, its Chrysler Pacifica plug-in electric hybrid will qualify for $7,500 tax credits after April 18, while the Jeep Grand Cherokee 4xe and Jeep Wrangler 4xe qualify for just $3,750. All U.S. EV consumer tax credits require vehicles to be assembled in North America and have income and retail price caps. Electric vehicles leased by consumers can qualify for up to $7,500 in commercial clean vehicle tax credits without any of the same restrictions.

☆ Stellantis unveils Ram EV pickup, to debut late in 2024, at New York auto show
▼ + stars: | 2023-04-05 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

The EV truck will go on sale in one of the most important segments of the North American electric vehicle market. Stellantis CEO Carlos Tavares said the truck will be built in the U.S. and the location would be announced soon. He told reporters on the sidelines of the auto show that consumers will choose the Ram over other EV trucks because it will exceed other trucks' performance on range, speed of charge, towing and other factors. The Ram truck's launch late in 2024 will come more than two years after similar EV trucks like the Rivian (RIVN.O) R1T electric pickup and Ford's (F.N) F-150 Lightning electric truck. The RAM EV truck will be built on a new body-on-frame architecture designed for full-size EVs, capable of towing up to 14,000 lbs and carry a payload of up to 2,700 lbs.

☆ Ram electric pickup truck can go 500 miles on a charge, says Stellantis
▼ + stars: | 2023-04-05 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

GM expects to get 400 miles of range from its electric trucks. That’s one reason why having a lot of range can be an especially good thing in an electric truck. The pickup truck battle of numbers isn’t just limited to power and pulling, however. Even the Ram TRX, a pickup designed for high-speed desert driving, has a 702-horsepower V8 engine, only slightly more power than the Ram REV. Essentially a plug-in hybrid, that truck will be for customers who aren’t ready to trust a fully electric truck.

☆ Affordability will be driving factor for EV market growth, says Stellantis CEO
▼ + stars: | 2023-04-05 | 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 EmailAffordability will be driving factor for EV market growth, says Stellantis CEOStellantis CEO Carlos Tavares joins 'Squawk on the Street' to discuss the Ram REV vehicle announcement, the growing EV truck market, and constraints on EV adoption in the U.S..

NEW YORK — An upcoming Ram electric pickup truck from Stellantis will offer up to 500 miles of driving range when fully charged, the automaker said Wednesday as it officially revealed the vehicle. That range would top Ram's current gas-powered 1500 full-size trucks as well as all-electric pickups currently available such as GMC's Hummer EV, Ford's F-150 Lightning and Rivian's R1T. Tesla has said its Cybertruck, which is expected later this year, would be capable of up to 500 miles of EV range. "We are delivering an electric pickup truck when we should, because for electrification being first actually might not be the best," Ram CEO Mike Koval Jr. said during the event. "The Ram 1500 REV lineup will give our customers options depending on how they use their truck."

☆ ISS tells Stellantis shareholders to back Tavares pay package
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

MILAN, April 4 (Reuters) - Proxy advisory firm Institutional Shareholder Services (ISS) is recommending a vote in favour of Stellantis (STLAM.MI) Chief Executive Carlos Tavares' remuneration after he took a pay cut and shareholders rejected last year's compensation package. The recommendation came in a report on Stellantis's upcoming annual general meeting seen by Reuters on Tuesday. The world's third largest carmaker earlier this year said Tavares' total pay for 2022 amounted to 14.9 million euros ($16.3 million), 14% lower than a 17.4 million euro compensation for the previous year. The executive remuneration package for 2021, which prompted criticism from trade unions and politicians, especially in France, was rejected by over 52% of Stellantis investors in a consultative vote at last year's annual general meeting. ($1 = 0.9119 euro)Reporting by Giulio Piovaccari; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ NHL roundup: Bruins top Blues, reach historic 60-win mark
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +6 min

[1/5] Apr 2, 2023; St. Louis, Missouri, USA; Boston Bruins center Trent Frederic (11) takes the face-off against St. Louis Blues right wing Kasperi Kapanen (42) during the first period at Enterprise Center. St. Louis (35-35-7, 77 points) was eliminated from playoff contention with the result. The Blues received two goals from Jordan Kyrou, the second of which made it a 3-3 game with 25 seconds remaining in regulation. Brayden Schenn assisted on all three St. Louis goals. St. Louis native Trent Frederic collected two assists and Linus Ullmark recorded 35 saves.

☆ Jeep's CEO doesn't think there are enough raw materials on earth to meet electric-car demand
▼ + stars: | 2023-03-29 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +4 min

Automakers are already racing to secure limited raw materials. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyStellantis' CEO doesn't think there are enough raw materials readily available to meet electric vehicle needs. "The affordability is not there, because the raw materials are scarce and very expensive, and I would add very volatile," Tavares said. Tesla CEO Elon Musk has emphasized just how much of a challenge getting these materials will be for EV-makers. Even mining executives have expressed concern that demand for these materials continues to outstrip the current available supply.

The EU has progressively tightened limits since "Euro 1" in 1992. The Commission's proposal widens real-driving emissions (RDE) testing and adds continuous testing of emissions via an on-board monitoring system. Euro 7 would take effect in mid-2025 for cars and in mid-2027 for trucks and buses. The European Commission estimates Euro 7 could add up to 150 euros to car prices and 2,600 euros for trucks and buses. A Commission spokesperson declined to comment on executives' statements, but said Euro 7's real-driving emissions tests were important because of "scandals in the past about cheating devices".

☆ NHL roundup: Owen Tippett's hat trick lifts Flyers over Sabres
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Nick Turchiaro-USA TODAY SportsMarch 18 - Owen Tippett scored three goals to lift the host Philadelphia Flyers to a dominant 5-2 victory over the Buffalo Sabres on Friday. Joel Farabee and James van Riemsdyk each added one goal for the Flyers, who snapped a four-game losing streak. Victor Olofsson scored two goals for the Sabres, who lost their second straight. Maple Leafs 5, Hurricanes 2Zach Aston-Reese scored two goals as Toronto defeated visiting Carolina. Ryan Strome and Troy Terry each logged a goal and an assist, and Max Comtois and Trevor Zegras added a goal apiece.

☆ Millennials in their 30s are sitting in an economic quagmire that could stick with them through retirement
▼ + stars: | 2023-03-08 | by ( Jason Lalljee | Madison Hoff | ) www.businessinsider.com time to read: +7 min

In the long run, this generation may also be hit by cuts in Social Security benefits. In the longer run, millennials' retirement may also be affected if Social Security benefits are cut. Millennials in their 30s are accruing debt faster than their peersWhile Experian and Credit Karma research show Gen X has the highest average debt, millennials still hold a lot of debt too — and are accumulating it faster than anyone else. Millennials face looming retirement insecurityIf all of that wasn't enough, millennials' retirement situation in the future could be different from Gen X and baby boomers. Additionally, millennials' retirement safety nets are likely to be affected if they can't get full Social Security benefits.

☆ Toyota's new Prius is the best argument yet for hybrids
▼ + stars: | 2023-03-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —After I parked a new 2023 Toyota Prius and walked away, I turned around to look at it. How could hybrids, vehicles that burn gasoline, reduce greenhouse gas emissions more than vehicles that burn no gasoline at all?. reducing emissions rather than just acting as an inducement to buy an electric car, pointed out Jason Keller, Toyota’s director of dealer policy in the US. Prices for the Toyota Prius, for instance, start at just $27,000, a price only a few electric vehicles, like the Chevrolet Bolt, can approach. Lexus, Toyota’s luxury brand, is expected to sell only electric vehicles by 2030.

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