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☆ Renault sets Nov. 15 date for first investor day for EV unit Ampere
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: 1 min

The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes//File Photo Acquire Licensing RightsCompanies Renault SA FollowPARIS, Oct 5 (Reuters) - Renault (RENA.PA) on Thursday announced the first investor day for its future electric vehicle company, named Ampere, will take place on November 15. Renault's Chief Executive Luca De Meo last month said the unit, which Renault plans to list on the stock exchange as a standalone business by spring 2024, could be valued at up to 10 billion euros ($10.47 billion). ($1 = 0.9550 euros)Reporting by Gilles Guillaume, writing by Tassilo Hummel, editing by Geert De ClercqOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Ampere, Luca De Meo, Gilles Guillaume, Tassilo Hummel, Geert De Clercq Organizations: Renault, Viva Technology, Porte de, REUTERS, Companies Renault SA, PARIS, Thursday, Renault's, Thomson Locations: Porte, Paris, France

☆ Driver may have fallen ill before fatal Venice bus crash
▼ + stars: | 2023-10-04 | by ( Claudia Greco | ) www.reuters.com time to read: +3 min

[1/6] Flowers are seen at the site where a coach crashed off an overpass in Mestre, Italy, October 4, 2023. Five Ukrainians, a German and the Italian bus driver were among those killed, Venice's prefect Michele Di Bari, the local representative of the interior ministry, said on Wednesday. "We presume the driver may have fallen ill," Veneto regional president Luca Zaia told Rtl 102.5 radio. The bus had been ferrying the tourists back to a campsite in nearby Marghera after a day out in Venice. "I think the driver had an illness, because otherwise I can't explain it," Fiorese said, adding that the driver had started his shift less than two hours before the crash.

Persons: Claudia Greco, Michele Di Bari, Luca Zaia, Di Bari, Volodymyr Zelenskiy, Corriere, Massimo Fiorese, Corriere della Sera, Fiorese, Alvise Armellini, Keith Weir, Bernadette Baum, Gavin Jones, Gareth Jones Organizations: REUTERS, Rtl, Corriere della Sera, Thomson Locations: Mestre, Italy, Venice Italian, VENICE, Venice, Veneto, Croatian, Marghera, Nigeria

☆ What to expect when beer king Constellation Brands reports earnings Thursday morning
▼ + stars: | 2023-10-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Lots of Wall Street firms are getting out ahead of this week's earnings from Constellation Brands (STZ) with price target increases. At the time, we were optimistic and increased our price target on the Modelo and Corona maker to $270 per share from $260. When measuring beer growth, he assesses how much shelf space companies get every year and how quickly those products fly off the shelves. All these factors "drive solid beer growth even as the macro environment gets worse," Falorni said. Wedbush also thinks Constellation will be able to weather those macro consumer storms and continue to drive earnings and revenue growth.

Persons: It's, we'll, We'd, Filippo Falorni, there's, Falorni, Wedbush, Wells, Goldman Sachs, Jim Cramer, Bill Newlands, Elliott, Luca Zaramella, Bill Giles, Sands, Jim, Elliot, Jim Cramer's Organizations: Constellation Brands, Modelo, Revenue, Federal Reserve, Constellation, Citi, CNBC, JPMorgan, Modelo Especial, Elliott Management, Club, Mondelez, AutoZone, Getty Locations: Corona, Wells Fargo, U.S, Simi, STZ

☆ Osimhen's agent threatens legal action against Napoli after video 'mocks' striker
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Roberto Calenda released a statement on messaging platform X, formerly known as Twitter, saying the video caused "very serious damage to the player". "What happened today on Napoli's official profile on the TikTok platform is not acceptable. A video mocking Victor was first made public and then, but now belatedly, deleted," said Calenda. "We reserve the right to take legal action and any other useful initiative to protect Victor." Osimhen missed a late penalty in a goalless draw against Bologna in Serie A on Sunday.

Persons: Renato Dall'Ara, Napoli's Victor Osimhen remonstrates, Rudi Garcia, Ciro De Luca, Victor Osimhen's, Roberto Calenda, Victor, Napoli, Osimhen, Angelica Medina, Toby Davis Organizations: Soccer Football, Bologna, Napoli, Serie, Udinese, Thomson Locations: Bologna, Italy, Mexico

☆ Romania and Georgia forced into squad changes at World Cup
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Luca Nichitean, Mihai Graure and Alexandru Bucur joined the squad ahead of their meeting with Scotland in Lille on Saturday. Romania have disappointed in the competition, conceding 158 points and scoring eight. They still have an outside chance of making the quarter-finals and play Fiji on Saturday. They need to win that game and beat Wales on Oct. 7 to have a chance of a knockout place. Reporting by Nick Said, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Eugen Apjok, Gabriel, Taylor Gontineac, Hinckley Vaovasa, Luca Nichitean, Mihai Graure, Alexandru Bucur, Beka Gorgadze, Otari Giorgadze, Nick Said, Ed Osmond Organizations: Rugby World, Ireland, Scotland, Saturday, Georgia, Fiji, Wales, Thomson Locations: Romania, South Africa, B, Lille

☆ EU car group calls for urgent action on post-Brexit trade rules
▼ + stars: | 2023-09-24 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

Puzzle with printed EU and UK flags is seen in this illustration taken November 13, 2019. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 25 (Reuters) - The European Union and Britain need to take urgent action to postpone rules for electric vehicles traded between the bloc and the UK that will trigger 10% tariffs, Europe's car industry group said on Monday. Under the EU-UK post-Brexit trade deal, EVs need to have 45% EU or UK content from 2024, with a 50%-60% requirement for their battery cells and packs, or face British or EU import tariffs of 10%. The ACEA has said the rules could cost carmakers up to 4.3 billion euros ($4.57 billion) in tariffs and hit output. In June, Stefan Fuehring, a European Commission official overseeing the post-Brexit EU-UK trade agreement, said the EU rules of origin were "fit for purpose" and that the bloc was not considering changing them.

Persons: Dado Ruvic, Luca de Meo, Stefan Fuehring, Nick Carey, Barbara Lewis Organizations: REUTERS, European Union, Automobile Manufacturers ' Association, Renault, EU, Ford, European Commission, Thomson Locations: Britain, British, EU

☆ Lewandowski and Cancelo strike as Barca snatch 3-2 win over Celta
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

BARCELONA, Sept 23 (Reuters) - Robert Lewandowski scored a quickfire double before Joao Cancelo sealed a last-gasp 3-2 win for Barcelona over Celta Vigo in a LaLiga clash at the Estadi Olimpic Lluis Companys on Saturday. The win provisionally moves Barcelona to the top of the league standings with 16 points from six games, one point ahead of Real Madrid who face local rivals Atletico Madrid on Sunday. We played with faith, with courage, although we were a bit sloppy at times," Barcelona manager Xavi Hernandez said. Strand Larsen nearly doubled his tally just before half-time but the Norwegian's bullet header was thwarted by Ter Stegen. Cancelo then ghosted between two Celta defenders to get on the end of Gavi's inch-perfect cross to snatch victory from the jaws of defeat and seal a fifth straight league win for Barca.

Persons: Robert Lewandowski, Joao Cancelo, Lluis Companys, Xavi Hernandez, It's, Iago Aspas, Andre ter Stegen, Jorgen Strand Larsen, Ter, Luca de la Torre, Strand Larsen, Ter Stegen, Xavi, Lamine Yamal, Ronald Araujo, Tasos Douvikas, Lewandowski, Ivan Villar, Cancelo, Aadi Nair, Clare Fallon Organizations: Barcelona, Celta Vigo, Atletico Madrid, Sunday, Celta, Royal, Real Betis, Barca, Thomson Locations: BARCELONA, Barcelona, Real Madrid, Royal Antwerp, Ter Stegen's, Bengaluru

☆ Bezzecchi takes pole at inaugural Indian MotoGP
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

Bezzecchi clocked the best time of one minute, 43.947 seconds to pip Pramac Racing's Martin by 0.043 seconds for his first pole since the British GP in August. Bagnaia holds a 36-point lead over Martin in the overall standings, with Bezzecchi a further 29 points behind in third. Luca Marini, Bezzecchi's team mate, qualified in fourth place ahead of factory Honda duo Joan Mir and Marc Marquez. "I want to dedicate this pole to a friend of mine that unfortunately left us a couple of days ago." Gresini Ducati's Alex Marquez has been ruled out of the remaining MotoGP weekend after suffering a double rib fracture in qualifying, his team said.

Persons: Marco Simoncelli, Misano, Mooney VR46, Marco Bezzecchi, Jennifer Lorenzini, VR46 Racing, Jorge Martin, Francesco Bagnaia, Bezzecchi, pip Pramac Racing's Martin, Bagnaia, Martin, Luca Marini, Bezzecchi's, Joan Mir, Marc Marquez, Gresini Ducati's Alex Marquez, Hritika Sharma, Peter Rutherford Organizations: Marino, Marino Grand Prix, MotoGP, Rights, VR46, Ducati, Honda, Circuit, Thomson Locations: Marino Grand, Misano Adriatico, Italy, Rights NOIDA, India, New Delhi, Hyderabad

☆ Renault to maintain mixed ethanol combustion engines in Brazil
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. "It still pays to invest in combustion in Brazil," top executive Ricardo Gondo said at an event, adding that the industry will need more federal incentives to accelerate its EV transition. Renault is planning to launch Brazilian sales of an electric version of its French-made Kangoo van in October, when it will also launch its Kardian combustion engine SUV, set to be manufactured locally. Earlier this month, Renault CEO Luca de Meo warned a "very competitive" industry in China and that it will need to "catch up fast". ($1 = 4.9256 reais)Reporting by Alberto Alerigi Jr.; Writing by Carolina Pulice; Editing by Sarah Morland and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Ricardo Gondo, Gondo, van, JAC, Luca de Meo, Luiz Inacio Lula da Silva, Jair Bolsonaro, Alberto Alerigi Jr, Carolina Pulice, Sarah Morland, Marguerita Choy Organizations: Renault, Viva Technology, Porte de, REUTERS, SAO PAULO, EV, Wall Motor Co, Chery, Qualcomm, Nissan, Brazilian, Thomson Locations: Porte, Paris, France, Brazil, French, Parana, China

☆ Asylum seekers in Italy told to pay to avoid detention
▼ + stars: | 2023-09-22 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

[1/2] An Italian Coast Guard vessel carrying migrants rescued at sea passes between tourist boats, on Sicilian island of Lampedusa, Italy, September 18, 2023. REUTERS/Yara Nardi/File Photo Acquire Licensing RightsROME, Sept 22 (Reuters) - Asylum seekers in Italy will have to pay 4,938 euros ($5,259) to avoid detention while their request for protection is being processed, the government said on Friday, in a measure apparently aimed at deterring migrants. "They are looking to make detention for migrants the norm, but it is hard to see how they can do that," she told Reuters. At present there are 10 repatriation centres in Italy, which have a current capacity of just 619. In 2022 Italy reviewed 52,625 asylum requests, rejecting 53.5% of them, according to official data.

Persons: Yara, Giorgia Meloni's, Anna Brambilla, Meloni, Luca Zaia, Crispian Balmer, Alex Richardson Organizations: Italian Coast Guard, REUTERS, Rights, Association, Immigration, Reuters, League, Thomson Locations: Lampedusa, Italy, Veneto, Rome, Africa, Europe

☆ Asylum Seekers in Italy Told to Pay to Avoid Detention
▼ + stars: | 2023-09-22 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +3 min

By Crispian BalmerROME (Reuters) - Asylum seekers in Italy will have to pay 4,938 euros ($5,259) to avoid detention while their request for protection is being processed, the government said on Friday, in a measure apparently aimed at deterring migrants. At present migrants to Italy who apply for asylum are free to move within the country while their application is reviewed, but the government decree published on Friday said they would have to pay a type of bail to stave off the threat of detention. "They are looking to make detention for migrants the norm, but it is hard to see how they can do that," she told Reuters. At present there are 10 repatriation centres in Italy, which have a current capacity of just 619. In 2022 Italy reviewed 52,625 asylum requests, rejecting 53.5% of them, according to official data.

Persons: Crispian Balmer ROME, Giorgia Meloni's, Anna Brambilla, Meloni, Luca Zaia, Crispian Balmer, Alex Richardson Organizations: Association, Immigration, Reuters, League Locations: Italy, Veneto, Rome, Africa, Europe

☆ Explainer: How France aims to discourage buying of Chinese EVs
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +4 min

WHY IS FRANCE REVISING ITS EV BONUS ELIGIBILITY RULES? However, in the absence of cheap European-made EVs, a third of all incentives are going to consumers buying EVs made in China, a French finance ministry source said. Because Chinese industry generally relies heavily on coal-generated electricity, the criteria are likely to put the bonus out of Chinese carmakers' reach. But French car buyers will have to wait because Stellantis' (STLAM.MI) Slovakia-made e-C3 city car and Renault's (RENA.PA) France-made R5 are not due to hit the market until 2024. The model is currently one of the best-selling electric car's in France with the Tesla Y, Peugeot's e-208, Fiat's 500e, the Megane eTech and MG4.

Persons: Angelika Warmuth, EVs, Emmanuel Macron, Stellantis, MG4, Lorraine Morard, Luca De Meo, Tesla, BYD, Gilles Guillaume, Leigh Thomas, Sharon Singleton Organizations: Company, REUTERS, Rights, Reuters, SAIC, P Global, Renault, Thomson Locations: Munich, Germany, France, China, Europe, FRANCE, French, Slovakia, Dacia Spring

MILAN/PARIS, Sept 19 (Reuters) - Gucci creative director Sabato De Sarno takes to the runway in Milan on Friday, in a high-stakes designer debut for the Italian label’s owner, French luxury group Kering (PRTP.PA). De Sarno’s Gucci catwalk presentation – one of the industry’s most highly-anticipated shows this year – will serve as an aesthetic reset for the brand, aimed at reigniting sales, but it is also the first major test of a sweeping overhaul at Kering. The group has also taken steps to broaden its revenue sources, announcing plans to buy high end perfumer Creed in June and a 30% stake in fashion label Valentino in July. “We don’t think that a margin reset would be badly received by the market,” said Carole Madjo, analyst with Barclays. Reporting by Mimosa Spencer and Elisa Anzolin Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Gucci, Sabato De Sarno, De Sarno’s Gucci, Valentino, Louis, Jean, Francois Palus, Marco Bizzarri, De Sarno’s, Bizzarri, Alessandro Michele, De Sarno's, Sabato De Sarno's, ”, Carole Madjo, Daria Werbowy, Luca Solca, Bernstein, Mimosa Spencer, Elisa Anzolin, Tomasz Janowski Organizations: MILAN, Louis Vuitton, Dior . Group, Gucci, RBC, Barclays, De, Thomson Locations: PARIS, Milan, Kering

The MB-339 jet had exploded moments after takeoff at around noon local time, officials said, according to the Italian Fire Brigade. The Frecce Tricolori aerobatic jets, part of the Italian Air Force, were practicing a formation ahead of the 100-year celebrations of the Italian Air Force that are set to take place Sunday. Matteo Secci/APItalian media reported that the jets hit a flock of birds just after takeoff, according to CNN affiliate Sky24. The Italian Air Force said it was “dismayed and astonished” by the jet crash, according to a statement made by the Italian Chief of Staff of the Air Force and Air Squadron General Luca Goretti. The Italian Air Force has not confirmed the exact cause of the accident, but has hypothesized there was a bird strike during the very first phases of takeoff.

Persons: Tricolori, Matteo Secci, Regina Margherita Children’s, ”, Luca Goretti, Major Oscar Del Do Organizations: CNN, Air, Italian Fire Brigade, Bosco Hospital, Italian Air Force, Sky24, Regina Margherita Children’s Hospital, Staff, Air Force, Air Squadron Locations: Turin, Turin’s Caselle, Italian

Brussels/London CNN —The European Union is launching an investigation into China’s state support for makers of electric vehicles as soaring imports of their cars stoke fears for the future of European auto manufacturers. “So I can announce today that the commission is launching an anti-subsidy investigation into electric vehicles coming from China.”Europe levies a duty of 10% on cars imported from China. That compares with duty of 27.5% in the United States, and China’s manufacturers have taken advantage to carve out a significant and rapidly growing foothold in the European market. And in the last five years, EU imports of Chinese cars have quadrupled. The European Commission investigation could lead to the imposition of tariffs on Chinese EV imports, and von der Leyen’s announcement rattled the stocks of China’s biggest EV companies listed in Hong Kong.

Persons: Ursula von der Leyen, “, ” von der Leyen, von der, Warren Buffett, Nio, Li Yunfei, Oliver Zipse, Luca de Meo, ”, Sigrid de Vries, Laura Organizations: London CNN, China Passenger Car Association, UBS, The, EV, European Automobile Manufacturers ’ Association, Senior, EU, Jato Dynamics, BMW, Renault, European Locations: Brussels, London, Europe, China, United States, Hong Kong

☆ Venice Film Festival: The best looks from the red carpet
▼ + stars: | 2023-09-09 | by ( Oscar Holland | Christy Choi | ) edition.cnn.com time to read: +4 min

And there have been plenty of elegant looks on display, from Spanish model Eugenia Silva’s dramatic Armani Privé gown to Italian designer Pierpaolo Piccioli’s effortless white suit. Andreas Rentz/Getty ImagesSpanish model Eugenia Silva arrived in a dramatic pink feather coat and a black strapless gown by Armani Privé. Ernesto Ruscio/Getty ImagesDanish actress Amanda Collin wore matching Chanel separates on the red carpet for "Bastarden (The Promised Land)." Pascal Le Segretain/Getty ImagesModel Madisin Rian wowed in an all-white Armani Privé outfit. Luca Carlino/NurPhoto/ShutterstockItalian fashion journalist and former Vogue Japan editor-at-large Anna Dello Russo wore bright pink Armani Privé.

Persons: ’, Eugenia Silva’s, Pierpaolo, listers, Adam Driver, Ferrari ”, Enzo Ferrari, Ferrari, Stefania D'Alessandro, Jonica T, Gibbs, Chanel, Andreas Rentz, Barbara Palvin, Giorgio Armani, Eugenia Silva, Armani Privé, Franco Origlia, Dalle, Ernesto Ruscio, Amanda Collin, Pascal Le Segretain, Rian wowed, Armani, John Phillips, Valentino, Pierpaolo Piccioli, Toni Garrn, Alberta Ferretti, Luca Carlino, Anna Dello, Privé, Georgina Rodriguez, Cristiano Ronaldo, Pasquale Bruni, Alfonso Catalano, Bella Thorne, Dior, Sofia Coppola's, Priscilla, Elvis Presley's, Matteo Rasero, Jacob Elordi, Elvis Presley, Neelam Gill, Armani Privè, David Fisher, Leonie Hanne, Mahboobeh Bolandy, Serena de Ferrari, Stephane Cardinale, Corbis Organizations: CNN, Venice, Writers Guild of America, Screen Actors Guild, American Federation of Television, Radio Artists, SAG, Getty, Italian, Vogue Japan Locations: Venice, Spanish, Australian, Turkish

☆ Martin wins San Marino GP as rivals chip away at Bagnai's championship lead
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +3 min

Martin took the chequered flag 1.445 seconds ahead of VR46 Racing's Bezzecchi to claim his third sprint win of the season. World champion Bagnaia finished third. Bagnaia is top of the riders' standings with 267 points, with Martin (222) in second and Bezzecchi (196) in third. Martin's sprint win reduced the gap to Bagnaia by five points, while Bezzechi's second-placed finish saw him reduce the deficit by two. After Bezzecchi recovered from a slow start to leapfrog Bagnaia, Martin was given more of a challenge, though the Spaniard proved triumphant.

Persons: Pramac Racing's Jorge Martin, Lisi Niesner, Marco Bezzecchi, Francesco Bagnaia, Martin, Bezzecchi, Bagnaia, Marco, Spaniard Martin, leapfrog Bagnaia, Dani Pedrosa, I'm, Jorge, Aleix Espargaro, Luca Marini, Valentino Rossi, Yamaha's Fabio Quartararo, Marc Marquez, Aadi Nair, Pritha Sarkar Organizations: San Marino, San Marino Grand Prix, Ducati, Catalunya, Thomson Locations: Ernstthal, Germany, San Marino Grand, Misano Adriatico, VR46, Misano, Modena, India, Japan, Bengaluru

☆ U.S. food companies go deal hunting as pandemic growth fades
▼ + stars: | 2023-09-08 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

Last month, Campbell Soup (CPB.N) struck a $2.7 billion deal for Rao's sauce maker Sovos Brands (SOVO.O). Reuters GraphicsReuters Graphics Reuters Graphics"Large food companies need to add more new concepts, new flavor profiles and new food items because their old brands - though still growing - are not growing at a meaningful rate," Milani said. Packaged food companies "are now faced with some difficult comparisons on organic (sales) and are seeking some strategic, category-specific M&A targets that will propel them through the next few years," Henry said. "Most of the large cap packaged food companies have ... diligently reduced their debt and improved their balance sheet (through the pandemic)...so they have the risk capacity and risk appetite to pursue large-scale acquisitions," CFRA Research analyst Arun Sundaram said. "These packaged food companies need to continue finding ways to stay relevant ... And so one of the easiest ways to do that is through M&A."

Persons: Brendan McDermid, Campbell, There's, Michael Milani, Baker Tilly, Milani, Kraft Heinz, Sarah Henry, Henry, Mills, Luca Zaramella, Hershey, J.P, Morgan, Arun Sundaram, Deborah Sophia, Arun Koyyur Organizations: Campbell Soup, New York Stock Exchange, REUTERS, Sovos, Unilever, Mars, Reuters Graphics Reuters, Reuters, Logan Capital Management, PepsiCo, Mondelez, Barclays, Hostess Brands, Thomson Locations: New York, U.S, North America, dealmaking, Bengaluru

☆ IAA Mobility: China's automakers take the world by storm with EV push
▼ + stars: | 2023-09-07 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Leonhard Simon/Getty ImagesEven before the show kicked off, Renault chief executive Luca de Meo was on French radio talking up the rapid advances made by Chinese EV makers. Competitors worry that Chinese brands may eventually dominate the global EV market. In Europe, the top destination for China’s car exports, sales of Chinese EVs are booming. Supply chain advantageA major factor contributing to the lower cost of Chinese EVs is the country’s dominance of the EV battery supply chain. However, geopolitical tensions could complicate Chinese EV firms’ global push.

Persons: Leonhard Simon, Luca de Meo, ” de Meo, ” “, ”, Dylan Khoo, Li Yunfei, Oliver Zipse, Khoo, It’s, — Hanna Ziady, Olesya Dmitracova Organizations: Hong Kong CNN, Visitors, Renault, Chinese EV, RTL Radio, China Association of Automobile Manufacturers, China Passenger Car Association, Union, UBS, Europe Auto, EV, New, Research, Deloitte, BMW, ABI Research, Jato Dynamics, “, China’s SAIC, MG, IAA, SNE Research Locations: China, Hong Kong, Munich, Germany, Chinese, Europe, Australia, Southeast Asia, Japan, Russia, New York, United States, France, British, United Kingdom, South Korean

☆ This Fall, Coats Hit the Floor
▼ + stars: | 2023-09-07 | by ( Bon Duke | Jordan Boothe | ) www.nytimes.com time to read: 1 min

Hair: Mustafa Yanaz at Art + Commerce. Stylist’s assistants: Tyler Sparling, Evan Dombkowski. Hair assistant: Takao Hayashi. Makeup assistant: Jason Case. Set designer’s assistant: Cullen O’Grady

Persons: JeeHoon Bae, Ali Shaaban, Tamsir Thiam, Zeke Lindsey, Luca Luci, Alberth Johnson, Jackson McIntosh, Bauman, Mustafa Yanaz, Marcelo Gutierrez, Jacob Burstein, John Temones, Tony Jarum, Arjay, Tyler Sparling, Evan Dombkowski, Takao Hayashi, Jason Case, Cullen O’Grady Organizations: The Society, Next Management, Marilyn Agency, Soul Artist Management, DNA Model Management, Art, Bryant Artists, MHS Artists Locations: Skorpion

☆ Chinese EVs are now seen posing a 'real threat' to Europe's auto industry
▼ + stars: | 2023-09-06 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesChinese electric vehicles pose "a real threat" to the European car industry, according to Christian Kames, managing director at financial advisory firm Lazard. Kames spoke from the IAA Mobility Conference in Munich, where the number of Chinese companies has soared since the last event. watch nowThe increase in Chinese companies in attendance shows that these firms "really have the European market … as the next market they want to conquer," Kames said. European companies are 'ready to engage'European auto manufacturers are well aware of the competition brought about by Chinese companies, Christian Kames told CNBC. "[European carmakers] get it now, that the Chinese [automakers] are a real threat.

Persons: Christian Kames, Lazard, Kames, Warren Buffet, carmaker BYD, Xpeng, Brian Gu, Luca De Meo, Monday, De Meo, China's, Chris Reitermann, CNBC's Evelyn Cheng, Reitermann Organizations: Munich, Bloomberg, Getty, IAA, IAA Mobility, CNBC, UBS, Renault, Ogilvy Asia Pacific Locations: Munich, Germany, Asia, Europe, Hangzhou, China, Swiss, European, Greater China

☆ Where to Start in Emilia-Romagna?
▼ + stars: | 2023-09-06 | by ( Sheila Yasmin Marikar | Susan Wright | ) www.nytimes.com time to read: +2 min

There was also, blissfully, a restaurant, Vito San Luca, whose tagliatelle al ragù might be the platonic ideal of a post-hike meal. Local products, local artisansThe light turned golden and then faded. Did I want to join her and Ms. Mikayla for a “little concert in an adorable apartment? Very Bologna, intimate, least touristy thing in town.”I walked 20 minutes to Efesto House, which occupies the sixth floor of a centuries-old apartment building on Via Castiglione. “We decided to keep our prices very low,” said Gaia Musumeci, a neurologist who runs Efesto House with two friends.

Persons: Vito San Luca, Champagne —, Montell, Kaitlyn Mikayla, ”, Gian Marco Bucci, Mikayla, “, Gaia Musumeci, Matteo Paragona, Carracci Organizations: Americano, Via Locations: San, Bologna, Via San Gervasio, Los Angeles, ”, Via Castiglione

[1/6] A view shows model TO3 of Leapmotor, a Chinese automobile manufacturer, displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. Chinese EV makers, including BYD (002594.SZ), Nio (9866.HK) and Xpeng (9868.HK) are all targeting Europe's EV market, where sales soared nearly 55% to about 820,000 vehicles in the first seven months of 2023, making up about 13% of all car sales. The arrival of Chinese EV makers in Europe has raised concerns they could dominate EV sales. Xpeng President Brian Gu said while European carmakers currently lag behind China, they have made a "huge commitment" to EVs with partnerships and large investments in technology. "I would never discount the large (carmakers) trying really hard to come back and focus on this important transition," Gu said.

Persons: Leonhard Simon, Luca de Meo, De Meo, Hildegard Mueller, Oliver Zipse, Oliver Blume, Brian Gu, Gu, Ferdinand Dudenhoeffer, Dudenhoeffer, Nick Carey, Victoria Waldersee, Gilles Gillaume Christina Amann, Zoey Zhang, Jan Schwartz, Friederike Heine, Clarence Fernandez, Sharon Singleton Organizations: REUTERS, China EV, Renault, Reuters, HK, Europe's EV, Zhejiang Leapmotor Technology, EV, German Association of, Automotive Industry, Jato Dynamics, BMW, Benz, Klasse, Volkswagen, Auto, Thomson Locations: Munich, Germany, China, MUNICH, BYD, Zhejiang, Europe, Asia

A Renault wallbox charging station is used by a Renault Captur hybrid car at a dealership in Les Sorinieres, near Nantes, France, October 23, 2020. Chinese EV makers, including BYD (002594.SZ), Nio (9866.HK) and Xpeng (9868.HK) are all targeting Europe's EV market, where sales soared nearly 55% to about 820,000 vehicles in the first seven months of 2023, making up about 13% of all car sales. The arrival of Chinese EV makers in Europe has raised concerns they will undercut local carmakers and dominate EV sales. Mercedes-Benz (MBGn.DE) will present its CLA compact class and BMW (BMWG.DE) its Neue Klasse, both of which target higher range and efficiency, while halving production costs. Volkswagen (VOWG_p.DE) CEO Oliver Blume told reporters that through its partnerships in China, the carmaker aims to cut battery cell costs by 50%.

Persons: Stephane Mahe, Luca de Meo, De Meo, Fabian Brandt, Oliver Wyman, Gilles Le Borgne, Oliver Blume, " Blume, Nick Carey, Victoria Waldersee, Gilles Gillaume, Christina Amann, Friederike Heine, Clarence Fernandez, Sharon Singleton Organizations: Renault, REUTERS, China EV, Reuters, HK, Europe's EV, EV, Jato Dynamics, Benz, BMW, Klasse, Volkswagen, Greenpeace, Protesters, Thomson Locations: Les Sorinieres, Nantes, France, China, MUNICH, BYD, Europe, Munich, Asia

☆ Renault CEO: China very competitive on electric vehicles, Europe needs to catch up
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

The Renault logo on the Renault Scenic Vision concept-car is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsPARIS, Sept 4 (Reuters) - Renault's (RENA.PA) chief executive Luca de Meo said on Monday that China was 'very competitive' in terms of the electric vehicle market, as Renault also prepared to unveil its new Scenic electric vehicle car model. "China is very competitive when it comes to the supply chain of electric vehicles....we need to catch up fast," De Meo told RTL Radio, speaking from the IAA Munich car show. De Meo added that Renault would unveil the prices for its new Scenic minivan later in the year, with a launch planned in the first quarter of 2024. The Scenic will be within the price range for many customers, similar to a hybrid model of the same size and category, he said.

Persons: Porte, Benoit Tessier, Luca de Meo, De Meo, Tassilo Hummel, Sudip Kar Organizations: Renault, Viva Technology, Porte de, REUTERS, Rights, RTL Radio, IAA, Gupta, Thomson Locations: Paris, France, China, IAA Munich

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