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A 1971 Ford Mustang Mach 1, a classic American muscle car, recently failed to find a new owner at auction. Despite its interesting history and decent condition, the highest bid only reached $16,000. This one owner car, which spent over five decades with its original owner, boasts a powerful 351 Cleveland V8 engine. While not an original Boss 351, it still delivers impressive performance, thanks to the Cleveland engine’s renowned torque and horsepower. 1971 Ford Mustang Mach 1 Fails to Sell at Auction Despite Classic Appeal (1971 Ford Mustang Mach 1) The Mach 1’s exterior features a black paint job,…
In a challenging market environment, Denny’s Corporation (NASDAQ:) stock has reached a 52-week low, touching down at $5.59. The family dining chain, known for its round-the-clock operations and classic American diner fare, has faced significant headwinds over the past year, reflected in a substantial 1-year change with a decline of -34.53%. This downturn marks a notable period of struggle for the company as it grapples with the impacts of changing consumer habits, economic pressures, and competitive forces within the restaurant industry. Investors and analysts are closely monitoring Denny’s performance for signs of a turnaround or further indications of long-term challenges…
Carbon capture and storage (CCS) is gaining momentum as an important solution for reducing global carbon emissions. With significant projects like Gevo’s $1.46 billion Net-Zero 1 plant in South Dakota and a surge in CCS developments worldwide, the industry is expanding rapidly. Gevo’s Groundbreaking SAF Plant Gevo Inc., a Colorado-based alternative fuels company, has been offered a $1.46 billion loan by the U.S. Department of Energy (DOE) to build a “clean” fuels plant in eastern South Dakota that captures carbon emissions. The facility, named Net-Zero 1, aims to produce sustainable aviation fuel (SAF), renewable diesel, and renewable naphtha using corn…
General Motors (GM) gave investors something to cheer early Tuesday morning after the automaker raised its guidance for a third time this year, in addition to easily beating third quarter revenue and profit expectations.For the quarter, GM reported revenue of $48.78 billion, easily topping estimates of $44.69 billion per Bloomberg consensus, and higher than the prior quarter’s nearly $48 billion. GM’s Q3 revenue was also 10.5% higher than a year ago.The company booked adjusted EPS (earnings per share) of $2.96, far outstripping expectations of $2.44. It reported EBIT-adjusted profit of $4.115 billion, up 15.5% from a year ago, with EBIT-adjusted…
A 2022 GMC Hummer EV Pickup Edition 1, finished in Interstellar White over Jet Black and Light Gray, recently failed to sell at auction. Despite its impressive features and original price tag of $111,144, the highest bid only reached $75,500. This significant depreciation is indicative of the current trends in the used EV market, where high-end electric vehicles are often losing value rapidly. While the Hummer EV offers a unique and powerful driving experience, factors such as its relatively high price point and the rapid evolution of EV technology have contributed to its depreciation. The auction result raises questions about…
Verra’s CEO Mandy Rambharos made an intensely grim announcement on October 21st about company restructuring. Coming to the point directly, he said, “Today, I informed our team of a difficult but necessary decision to reduce our workforce by roughly 25 percent. This step, though not made lightly, is critical to aligning our resources with our core priorities and ensuring that Verra remains agile and capable of leading in a rapidly changing environment. This realignment will allow us to focus more intently on maintaining the rigor and integrity of our standards programs, providing stronger support for our stakeholders, and continuing to…
Just weeks after being ousted from his position as CEO of Alfa Romeo, Jean-Philippe Imparato has cast doubt on the brand’s ambitious electrification plans. Despite the Italian automaker’s stated goal of transitioning to a fully electric lineup by 2027, Imparato suggests that this timeline may be unrealistic. In interviews with Auto Express, he hinted that the next-generation Stelvio and Giulia could potentially retain internal combustion engines if electric vehicle demand fails to meet expectations. Ex-Alfa Romeo CEO Questions Automaker’s Shift to Full Electrification by 2027 (Stellantis) Imparato’s comments come at a time when Alfa Romeo is facing significant challenges. The…
Image source: Getty Images International Consolidated Airlines Group (LSE:IAG) shares are up an impressive 55% over the past year. However, the IAG share price is still down 38% over the past five years, notably since the stock market crash in early 2020 from the pandemic. Yet with the financial performance improving, I wanted to see what it could take for the stock to make back the losses. Long story short During the week commencing 17 February 2020, IAG shares were trading easily above 400p. Yet the impact of lockdowns and the subsequent market crash meant the share price fell 70%…
The semiconductor sector comprises companies that design, manufacture, and distribute microchips and related technologies. These components are essential for electronics, from smartphones to data centers and artificial intelligence systems. Semiconductor stocks represent ownership in these companies traded on public exchanges. The sector’s performance often indicates broader technology industry trends and global economic health. Investing in semiconductor stocks can offer exposure to technological innovation and growth. The increasing demand for chips in various industries may provide long-term growth opportunities. Many established semiconductor companies pay dividends to shareholders. However, the sector faces unique challenges. Chip manufacturing requires significant capital investment and ongoing…