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☆ Toyota to invest $2 billion in Brazil, says Brazilian vice-president
▼ + stars: | 2024-03-03 | by ( ) www.cnbc.com time to read: +1 min

A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. Japanese auto maker Toyota will announce on Tuesday an 11 billion real ($2.2 billion) investment for the next few years in Brazil, the South American country's vice-president said on Sunday. Toyota said in a statement earlier on Sunday, after local media had first reported the new investments, it had no comment on potential future plans. Brazil's vice-president and minister for industry Geraldo Alckmin said on social media the investments will be unveiled at an event in Toyota's factory in the city of Sorocaba, Sao Paulo state. Toyota would be the latest global automaker to unveil plans for extra investment in Brazil this year, following companies such as Volkswagen, General Motors and Hyundai Motor.

Persons: Geraldo Alckmin, Lauro Jardim Organizations: Toyota, American, Sunday, Volkswagen, General Motors, Hyundai Motor Locations: Yokohama, Japan, Brazil, Toyota's, Sorocaba, Sao Paulo

☆ Retiring early is a dream for many. In reality, some regret it.
▼ + stars: | 2024-03-03 | by ( Matt Turner | Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But when Nupur Dave walked away from corporate life at 40, becoming part of the FIRE (financial independence, retire early) movement, she soon came to regret it . Many of the early retirees who've spoken with BI in the past have shared the challenges that come with quitting work altogether. And there are many more striving to make early retirement a reality .

Persons: —, Nupur Dave, Dave, FIREgret, Dave's, who've, Rebecca Zisser, it's, Jenny Chang, Rodriguez, Alyssa Powell, Steve Pemberton, there's, Pemberton, Robert L, Johnson, America's, Matt Turner, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, Microsoft, Google, Wall, Getty, Walgreens, Toyota, BET Locations: New York

☆ Google is starting to feel like any other business, and staging a comeback won't be easy
▼ + stars: | 2024-02-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how Google has gone from the tech industry's vanguard of cool to just another boring company . AdvertisementGoogle has long stayed atop Silicon Valley's volatile popularity contest — but the best place to work in tech is starting to feel like any other business , Business Insider's Hugh Langley and Lara O'Reilly write. Bureaucracy, an aversion to risk, and deference to Wall Street over employees — things Google long eschewed — have become the norm. The latest example is the debacle surrounding Gemini — its flashy new AI model that faced backlash for being too "woke."

Persons: —, Rebecca Zisser, Hugh Langley, Lara O'Reilly, Alistair Barr, Sundar Pichai, Hugh, Lara, Mateusz Wlodarczyk, BI's Peter Kafka, it's, David Rosenberg, Gary Shilling, Snowflake's Frank Slootman, Ozgur Hakan Aslan Toyota, Boxabl, Elon Musk, Tesla, Hewlett Packard, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Google, Business, Gemini, Meta, Big Tech, OpenAI, Corporations, Nvidia, SEC, Universal Music Group, Universal, BI Locations: —, New York, London

☆ A beginner's guide to mastering your first ski trip, from packing to getting there safely
▼ + stars: | 2024-02-29 | by ( Sponsor Post | Created Insider Studios With Toyota | ) www.businessinsider.com time to read: +4 min

The snow's coming down, and the mountains are calling — a fun-filled ski trip awaits. Pack like a proWhether you're a seasoned professional or crossing your fingers for a perfect first trip, packing efficiently goes a long way. NorCal ToyotaChoose a car built to handle wintry conditionsNothing could slow a ski trip down more than getting stuck in the snow. All in all, the ultimate ski trip is easier than you might think with proper preparation. Learn more about how NorCal Toyota can make your ski trip one to remember.

Persons: you'll Organizations: Toyota, Insider Studios, Northern California Toyota Dealers Locations: Sequoia, Tacoma

☆ U.S. law on domestic abuse should cover carmakers, FCC chair says
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: +4 min

FCC Chairwoman Jessica Rosenworcel last month wrote to nine large automakers and three telecom providers seeking more information about their policies involving internet-connected car technology and domestic abuse. The federal Safe Connections Act gives the FCC authority to help domestic abuse survivors securely access communications, the letter said. In an interview with Reuters this week, Rosenworcel said issues involving connected cars and domestic abuse "seemed extraordinarily similar" to the work the FCC had already done implementing the Safe Connections Act. Meanwhile, Toyota said if a domestic abuse survivor on the title requests that connected services be disabled for another person, the company may ask for verification from law enforcement that the customer was a victim. "Through these steps, Toyota works to respond promptly to requests from domestic abuse survivors while also focusing on appropriate authentication in order to screen out fraudulent or abusive requests that could further harm the abuse survivor," the company said in its response.

Persons: Jessica Rosenworcel, Rosenworcel, Tesla Organizations: Federal Communications Commission, US Chamber of Commerce's Global Aerospace Summit, Washington , D.C, FCC, Reuters, Toyota Locations: Washington ,

☆ The auto industry owes Toyota an apology on hybrids
▼ + stars: | 2024-02-28 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Toyota, the originator of the hybrid car craze in the early 2000s, is poised to reclaim its crown as the king of green cars. This, paired with the success of Tesla and overall investor enthusiasm for EV technology, left Toyota looking like a laggard. AdvertisementDespite years of criticism, it appears that Toyota might have had the right idea after all. Shoppers in the market for a hybrid are also much more likely to pony up more cash for these cars. Toyota has spent the last several years releasing more hybrids and plug-in hybrids, while refusing to give up on the nascent hydrogen fuel cell technology that many of its competitors have largely abandoned.

Persons: Elon Musk's Tesla, Jeremy Korst, Korst, Akio Toyoda, Toyoda, Tesla, Toyota's, Mary Barra Organizations: Toyota, Business, EV, Elon, Ford, EV technology, Cox Automotive, Cox, Shoppers, Companies, GM Locations: Detroit, North America

☆ More than 380,000 Toyota Tacoma pickups recalled because axles could loosen
▼ + stars: | 2024-02-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +1 min

CNN —Toyota is recalling 381,000 Tacoma pickups because bolts in the rear axle could loosen and fall off, which could eventually allow part of the rear axle to detach. Oil might begin to leak from the truck’s rear differential underneath the vehicle, according to Toyota. Owners of recalled trucks will receive letters advising them to take their truck to a Toyota dealer to have the rear axle inspected and the nuts retightened if necessary. Toyota recently recalled 280,000 trucks and SUVs for a different issue that resulted in trucks “creeping” forward when put in neutral. Late last year, Toyota recalled 1 million vehicles for a sensor issue that could make airbags deploy when they shouldn’t.

Organizations: CNN, Toyota, Tacoma, Sequoia, Lexus

☆ Toyota Recalls Over 600,000 Trucks and SUVs Over Safety Concerns
▼ + stars: | 2024-02-27 | by ( Aimee Ortiz | More About Aimee Ortiz | ) www.nytimes.com time to read: +1 min

More than 600,000 Toyota pickup trucks and SUVs in the United States were voluntarily recalled over the past week because of different issues that could increase the risk of crashes, the vehicle manufacturer said. The first announcement, on Feb. 21, stated that about 280,000 vehicles, including certain Toyota Tundra, Tundra Hybrid and Lexus LX600 vehicles from the model years 2022-2024 and Sequoia Hybrid vehicles issued from 2023-2024, were recalled because “certain parts of the transmission may not immediately disengage when the vehicle is shifted to the neutral position,” Toyota said in a statement. The defect “can allow some engine power to continue to be transferred to the wheels and can allow the vehicle to inadvertently creep forward at a low speed when it is on a flat surface and no brakes are applied, leading to an increased risk of a crash,” Toyota said. A defect information report posted on the National Highway Traffic Safety Administrations website said that affected vehicles could “inadvertently creep forward at a low speed (up to approximately 4 m.p.h.

Persons: ” Toyota, ” Organizations: Toyota, Lexus, Sequoia, Traffic Locations: United States

Hybrid vehicles led the 2024 top vehicle rankings released Tuesday by influential product testing organization Consumer Reports. Such "electrified" vehicles, including plug-in hybrid models, represented six of the top 10 picks by the nonprofit consumer organization. Toyota's four vehicles in the top 10 rankings were all hybrid or plug-in hybrid vehicles. Both hybrids and plug-in hybrids have a traditional engine combined with EV technologies. Plug-in hybrids typically have a larger battery to provide for all-electric driving for a certain number of miles until an engine is needed to power the vehicle or electric motors.

Persons: Jake Fisher Organizations: Tesla, Consumer, Toyota Motor, Subaru, Ford Motor, Mazda, BMW, CNBC, EV, Toyota Prius

☆ I went on an 8-month solo road trip after a breakup. I'm engaged now, but I still travel alone.
▼ + stars: | 2024-02-26 | by ( Alka Bhatt | ) www.businessinsider.com time to read: +5 min

Alka Bhatt says her solo trip gave her a love of traveling alone. Courtesy Alka BhattI'm now engaged, but solo trips are still integral to my lifeIt's been nearly three years since my solo trip, and when I got home, I felt ready to date authentically. Rather than mold myself to be more desirable, I listened to my wants and needs and looked for compatibility. Within a few months, I met someone special, and a year into our relationship, I felt he was the one. On a weekend trip to DC last month, I took myself out to a fancy Sichuan restaurant after thrifting at a trendy shop.

Persons: —, I'd, Alka Bhatt, Alka Bhatt I'm, It's Organizations: Service, Business, Toyota, Teton, DC Locations: Philadelphia, Texas, Houston, Pennsylvania, Lake Huron, Upstate New York, Sichuan

☆ Goldman Sachs reveals the 'Seven Samurai' — Japan's version of the 'Magnificent Seven' stocks
▼ + stars: | 2024-02-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Investors have been bullish on Japan stocks since last year, repeatedly driving them to record highs. Goldman Sachs has named "Seven Samurai" stocks in Japan, which it says could be an equivalent of the United States' "Magnificent Seven." The "Magnificent Seven" comprises Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla , which were behind much of the gains that drove the S & P 500 up a whopping 24% or so in 2023. In a Feb. 18 report, Goldman answered clients' requests for the Japanese equivalent of the "Magnificent Seven." With that criteria, Goldman has come up with a list of seven stocks, and they are: Screen Holdings, Advantest, Disco, Tokyo Electron, Toyota Motor, Subaru and Mitsubishi.

Persons: Goldman Sachs, Goldman, they've, CNBC's Ying Shan Lee Organizations: Nikkei, Apple, Microsoft, Nvidia, Tesla, Screen Holdings, Tokyo Electron, Toyota Motor, Subaru, Mitsubishi, Tokyo Stock Exchange Locations: Japan, United States, Tokyo

☆ Toyota recalls 280,000 vehicles because they may ‘creep forward’ in neutral
▼ + stars: | 2024-02-22 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

New Delhi CNN —Toyota is recalling about 280,000 pickups and SUVs in the United States because the engine may not disengage entirely when in neutral. The recall includes certain Toyota Tundra, Sequoia and Lexus LX 600 vehicles manufactured between 2022-2024. The company will inform the owners of recalled vehicles by late April and update the software for the transmission, Toyota said. The recall is one of three in the United States that the company announced Wednesday. The recall involves 15 Toyota and Lexus models from 2020 and 2021, including the Toyota Camry, Rav4, Sienna and the Lexus RX350 and ES350.

Organizations: New, New Delhi CNN, Toyota, Sequoia, Lexus, Lexus LS, Toyota Camry, Camry, Rav4, Daihatsu Locations: New Delhi, United States, North America, Sienna

☆ Zero-carbon energy generated a record 41% of US power in 2023
▼ + stars: | 2024-02-22 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

A record amount of renewable energy, led by solar, was added to the grid. It was the opposite story for wind power. They generated a record 41% of US power in 2023. Rowlands-Rees said that falling gas prices made it the cheapest form of energy in 2023. The power sector, as recently as 2016, was the top emitter.

Persons: BloombergNEF, Tom Rowlands, Rees, BloombergNEF's, Rowlands, —, Biden, Jeannie Salo Organizations: Service, Investments, Business, Companies, Industry, Schneider Electric, Toyota Locations: China, America, Japan, Southeast Asia, Coast, New York, Massachusetts, Georgia, North Carolina, Business

☆ Stocks in Japan Hit Record High, Surpassing 1989 Peak
▼ + stars: | 2024-02-22 | by ( Joe Rennison | Jason Karaian | ) www.nytimes.com time to read: +1 min

Stocks in Japan have looked cheap because of a weak yen, which has been a boon to exporters that make their profits overseas. Important changes to the corporate sector have also given shareholders more rights, allowing them to push for changes that favor their stock holdings. Earnings at large Japanese companies are set to rise by more than 40 percent in their latest quarterly results, according to Goldman Sachs. The biggest companies, like Toyota and SoftBank, have also reported some of the biggest earnings surprises, the bank’s analysts noted. Toyota recently rose to a record market value for a Japanese company, about $330 billion, surpassing the mark set in 1987 by the telecom conglomerate NTT.

Persons: haven’t, Goldman Sachs Organizations: Japan Exchange Group, Toyota, NTT Locations: Japan, China

☆ Here's how to play Japan stocks, finally hitting a new high after 34 long years
▼ + stars: | 2024-02-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Japan's Nikkei 225 index , a price-weighted index of 225 Japanese stocks, has also hit an historic high. A few months before that, on December 29, 1989, Japan's Nikkei 225 Index hit an historic high that stood until this week. That's about the amount the U.S. stock market dropped at the start of the Great Depression, from 1929 to 1932. .N225 5Y mountain Nikkei 225 Index in past five years. The Japanese stock market took 20 years.

Persons: it's, Japan's, Minoru Isutani, Arnold Palmer, Richard Ferris, Peter Ueberroth, Clint Eastwood, Nori, Bart Wakabayashi Organizations: Nikkei, CNBC, Japan's Nikkei, Mitsubishi, Rockefeller Center, Lone Cypress Company, Sumitomo Bank, Taiheiyo, Lone Cypress, Toyota, Honda, Sony, Hitachi, Nintendo, Sumitomo Mitsui, Japan Hedged Equity, Dow Jones, Tokyo Stock Exchange, Retailing, Softbank, Vision Fund, Foreign, Bank of Japan, White Oak Capital, Reuters Locations: Tokyo, New York, Japanese, California, Japan, U.S, Singapore

☆ Final Trades: Berkshire Hathaway, JP Morgan, Toyota Motor and SLB
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Berkshire Hathaway, JP Morgan, Toyota Motor and SLBToday’s “Halftime Report” Investment Committee, Stephanie Link, Joe Terranova, Josh Brown and Sarat Sethi give their top picks to watch for the second half.

Persons: Berkshire Hathaway, JP Morgan, Today’s, Stephanie Link, Joe Terranova, Josh Brown, Sarat Sethi Organizations: Berkshire, Toyota Motor, Investment

☆ Volkswagen Leans on Electric Vehicles and Nostalgia to Grow in U.S.
▼ + stars: | 2024-02-20 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

Probably only Americans of a certain age remember when the Volkswagen Beetle was the best-selling imported car in the United States and the hippest ride to a Grateful Dead concert was a Volkswagen Microbus. Volkswagen is trying to tap some of that nostalgia in its latest push to regain the status and sales it enjoyed in the United States during the Beetle’s and Microbus’s heydays in the 1960s. But this time it hopes its top models will be electric. The German carmaker is second only to Toyota globally but is a niche player in the United States. Part of its plan to revive its fortunes here is to lean on a new electric model that resembles the Microbus, the ID.Buzz, and to revive the Scout brand with a line of electric pickups and sport utility vehicles.

Organizations: Volkswagen, Toyota Locations: United States, Columbia

☆ Daytona 500: how to watch and what to know about Monday’s race as storms loom
▼ + stars: | 2024-02-18 | by ( Travis Caldwell | Issy Ronald | ) edition.cnn.com time to read: +5 min

CNN —The Daytona 500 has been postponed until Monday for just the third time in its history due to “inclement weather,” organizers announced Sunday. Consistent rainfall washed out Saturday’s lower-division Xfinity Series race and Sunday’s forecast is far from sunny. 6) exits the garage area during Daytona 500 practice on Friday. A two-time series champion and 2015 Daytona 500 winner, Joey Logano took the pole position with an average qualifying lap speed of 181.947 mph and will be a favorite to run up front throughout the day. Ricky Stenhouse Jr., the defending race champion and often competitive at superspeedways, will start 35th in the No.

Persons: Dwayne “, ” Johnson, –, Brad Keselowski, Mike Ehrmann, Joey Logano, Michael McDowell, McDowell, Toyotas, Sean Gardner, Ryan Blaney, Chase Elliott, Denny Hamlin, Bubba Wallace, Michael Jordan, William Byron, Kyle Larson –, Kyle Busch, gunning, Jimmie Johnson, Richard Petty, Ross Chastain, Pitbull, Ricky Stenhouse, Ryan Blaney's, Jared C, Tilton Organizations: CNN, NASCAR, Netflix, Daytona, FOX, Ford, Fords, Getty, Los Angeles Coliseum, Toyota, Hamlin, Chevrolet, of Famer Locations: Florida, Martinsville, pileups

☆ Japan Hosts Ukraine Reconstruction Meeting, Pledges New Tax Treaty
▼ + stars: | 2024-02-18 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

By Sakura MurakamiTOKYO (Reuters) - Japan hosted Ukrainian Prime Minister Denys Shmyhal on Monday in Tokyo to discuss the reconstruction of Ukraine, pledging a new bilateral tax treaty and other support for Japanese businesses as the Ukraine war rages on. "Japan has stood with and continues to stand with Ukraine," Japan's Prime Minister Fumio Kishida said in a speech opening the talks, during which he announced a new bilateral tax treaty and the start of negotiations for an investment treaty without giving details. As Russia's invasion of Ukraine enters its third year, Japan has pledged more than $10 billion worth of financial aid, as it seeks to show solidarity with Kyiv's war effort. He added that he hoped to see major carmakers, including Toyota, create production facilities in Ukraine. At the reconstruction meeting, Kishida said Japan would support venture capital companies in Ukraine, pledged an easing of visa controls, and said government agency JETRO would open a new office in Kyiv.

Persons: Sakura Murakami TOKYO, Denys Shmyhal, Fumio Kishida, Shmyhal, Kishida, JETRO, Sakura Murakami, Gerry Doyle Organizations: Ukrainian, Toyota Locations: Japan, Tokyo, Ukraine, Kyiv

☆ Hightower's Stephanie Link highlights Nike's obstacles
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHightower's Stephanie Link highlights Nike's obstaclesStephanie Link, Hightower Advisors chief investment strategist, joins 'The Exchange' to discuss how to trade Apple, Toyota, Las Vegas Sands, and Nike.

Persons: Stephanie Link, Hightower Organizations: Hightower Advisors, Apple, Toyota, Vegas Sands, Nike Locations: Vegas

DAYTONA BEACH, Fla. (AP) — Jimmie Johnson and his Legacy Motor Club race team welcomed Creed to NASCAR with arms wide open. So singer Scott Stapp and the rest of the multi-platinum rock band filled them — they handed Johnson an autographed guitar. Johnson, a two-time Daytona 500 winner, joked he quickly needed lessons. 84 Toyota on the scoring pylon and now the band and the seven-time NASCAR champion are in the Daytona 500. Legacy Motor Club reached an associate sponsorship deal with the band to give Creed a spot on the Toyota for Sunday’s Daytona 500.

Persons: — Jimmie Johnson, Creed, Scott Stapp, Johnson, ” Stapp, Gibson, Erik Jones ’, Jones, “ We’re, ”, Mark Tremonti, Richard Petty, “, Stapp, Tremonti, Brian Marshall, Scott Phillips, Madison Marsh, DJ Khaled, Dwayne “, ” Johnson, Pitbull, ” Tremonti Organizations: DAYTONA, Motor, NASCAR, Toyota, of Fame, GNR, Daytona Locations: Fla

DAYTONA BEACH, Fla. (AP) — Jimmie Johnson raced his way into the Daytona 500 with a three-wide move through the final turn in the first qualifying race Thursday night. But the Toyota's lacked speed Wednesday night in time trials and Johnson failed to earn a guaranteed spot in what will be his 21st Daytona 500. It meant that he had to beat J.J. Yeley in the first of two qualifying races Thursday night at Daytona International Speedway. Ross Chastain than checked up in traffic and Yeley dipped into an outside line to try to get around Chastain. With the push from Truex, Johnson slid into the center lane behind Chastain and the trio sailed past Yeley to the finish line.

Persons: — Jimmie Johnson, Tyler Reddick, ” Johnson, He's, Johnson, J.J, “ I’ve, that’s, “, Martin Truex Jr, Ross Chastain, Chastain, ” Yeley, Truex Organizations: DAYTONA, 23XI Racing, NASCAR, of Fame, Legacy Motor, Chevrolet, Toyota, Daytona, Truex Locations: Fla, Yeley, Chastain

FULLERTON, Calif. (AP) — A driver who plowed into a crowd on a Southern California sidewalk in 2019, injuring nine people, was convicted Thursday of hit-and-run crimes, but jurors deadlocked on a charge of driving under the influence of drugs. A mistrial was declared over the DUI charge in the trial of 27-year-old Christopher Solis, the Orange County Register reported. Several victims were trapped under the truck until bystanders lifted the pickup and pulled them free. Jurors convicted him of hit-and-run causing injuries, hit-and-run causing property damage and being in possession of a drug. The Orange County District Attorney's Office didn't immediately indicate whether it would retry Solis on the DUI charge.

Persons: Christopher Solis, Solis, “, ”, Alan Spears, retry Solis Organizations: FULLERTON, Orange County Register, Toyota Tacoma, Authorities, Office Locations: Calif, Southern California, Orange, Anaheim, Fullerton, Orange County

DAYTONA BEACH, Fla. (AP) — Don’t expect Denny Hamlin to stay in line during the closing laps of the Daytona 500. “In the end, you have to be selfish to win these races and certainly we realize that through results more than anything else,” Hamlin said. He’s repeatedly made it clear he wouldn’t trade any of his Daytona 500 victories for series championships. “I think Denny is really good at, like, being dramatic and building our sport up well, bringing some drama to it. I think that’s good.”The ultimate drama might be seeing Hamlin jockeying teammates and his own drivers over the final laps.

Persons: — Don’t, Denny Hamlin, He’s, “, ”, Hamlin, ” Hamlin, Ricky Stenhouse, Stenhouse, Michael Jordan, Richard Petty, Cale Yarborough, Hall, Hall of Famers Bobby Allison, Dale Jarrett, Jeff Gordon, Richard, Cale, it’s, Martin Truex Jr, Ty Gibbs, Christopher Bell, Bubba Wallace, Tyler Reddick, Kyle Larson, Denny, Hamlin jockeying Organizations: DAYTONA, NASCAR, Chevrolet, Ford, Toyota, NBA, 23IX Racing, Hall of Famers, Daytona, JGR, Netflix, Hendrick Motorsports Locations: Fla, Los Angeles, 23IX

☆ The richest man you've never heard of isn't sure what to do with his billions
▼ + stars: | 2024-02-15 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

Autry Stephens is set to be one of the world's richest people after selling his oil business. The sale is set to create one of the biggest drillers poised to take advantage of Texas' oil boom. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Autry Stephens sold his company, Endeavor Energy Resources, to Diamondback Energy earlier this week. Asked by the Journal what he would do with his newfound billions, Stephens said that he hadn't really thought about it yet.

Persons: Autry Stephens, —, Stephens, he's, Lyndal Greth, wasn't, Nvidia's Jensen Huang, Mark Zuckerberg Organizations: drillers, Service, Endeavor Energy Resources, Diamondback Energy, Bloomberg, Wall Street, Endeavor, ExxonMobil, ConocoPhillips —, Cruiser, Southwest Airlines, University of Texas Austin, UT Austin Locations: Texas

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