Volkswagen’s strategic move to revitalize its presence in the US automotive market with the introduction of Scout Motors is a significant step. The brand, named after the iconic International Harvester Scout SUV, aims to capture the attention of consumers seeking a capable and environmentally friendly off road vehicle. By focusing on emerging players like Rivian, Scout Motors positions itself as a competitor in the growing electric vehicle market. The upcoming revealing on October 24th will provide further details about the brand’s plans for a rugged SUV and pickup truck. The decision to revive the Scout nameplate is a strategic choice,…
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By Svea Herbst-Bayliss (Reuters) -Jana Partners has built a new position in Lamb Weston and may push the french fry maker to consider selling itself, the activist investment firm said in a regulatory filing on Friday. Jana said it owns 5% of the Eagle, Idaho-based company and wants to see a strategic review where the company and bankers would review capital spending, operating deficiencies and consider repurchasing stock. The hedge fund also signaled that it might seek board seats at the company which currently has a market capitalization of $11 billion. News of Jana’s stake, first reported by the Wall…
Just when we thought Alpine had exhausted their surprises for the 2024 Paris Motor Show with the A390_B, they revealed another gem: the Alpenglow Hy6. While we’ve seen a look at its potential in the Hy4 configuration, the Hy6 takes things to a whole new level. Powered by a formidable 3.5L twin-turbo V8, the Hy6 boasts an impressive 740 metric horsepower and 568 pound-foot of torque. The engine’s ability to rev up to 9,000 rpm is a testament to its performance capabilities. The Hy6’s powertrain also includes three fuel cells, each with a 2.1 kg capacity, ensuring a sustainable and…
Houston, Texas. A city that conjures up images of oil wells, cowboys and astronauts. Those images would be right — and also outdated. Houston’s large economy, which is as big as Ireland’s, is increasingly varied, with extensive connections to the rest of the globe. It sits at the centre of the US’s top-ranked exporting metropolitan area, ahead of New York — $176bn in exports goes through the Houston/Galveston customs district.Although oil and gas remains at the heart of that export engine — nearly three-quarters of the $176bn is still tied to fossil fuels and their derivatives, according to 2022 data…
Imagine this: A tiny, tissue box sized satellite orbits Earth, its sole mission to test cutting edge laser communication technology. From eight football fields away, a ground station in Maryland fires a laser beam, aiming for a target just three feet wide. The beam not only finds its mark but also establishes a stable connection, a feat NASA calls groundbreaking. This remarkable achievement, involving the TBIRD satellite and the LCOT ground station, demonstrates the potential for high speed, reliable laser communication in space exploration. Such technology could revolutionize how we send and receive data from distant spacecraft, enabling faster downloads,…
Don’t let the rallying market stop you from finding market bargains. There are still plenty of seemingly cheap stocks out there. I want to talk about a couple of them, and it doesn’t take a lot to get started in either position with both stocks currently trading in the $20s.Sirius XM Holdings (NASDAQ: SIRI) and Carnival Corp. (NYSE: CCL) (NYSE: CUK) are absurdly cheap right now. Even a $500 investment can go a long way right now if investors wake up to the value in the shares. Let’s take a closer look.1. Sirius XMWarren Buffett warmed up to one of…
Introducing the new Patek Philippe Cubitus line.Courtesy: Patek PhilippeStoried Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line.The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Younger investors and collectors began buying up luxury time pieces during the pandemic, but second hand prices have more recently slumped.The new lineup from Patek Philippe includes three different models, two in steel casings and one in platinum, and is meant to “offer a new reinterpretation of the ‘elegant sporty’ style,” according to a press…
In a year marked by significant volatility, Cap Franchising Inc., trading under the ticker FORA, has seen its shares tumble to a 52-week low, reaching a price level of just $2.02. This latest dip underscores a challenging period for the company, which has experienced a substantial 1-year change with its stock value eroding by -24.91%. Investors have been closely monitoring FORA’s performance as it navigates through a complex market environment, with the hope that the company’s strategic initiatives may eventually steer it back towards a path of growth and recovery. In other recent news, Forian Inc., a healthcare data analytics…
Despite its advancements over its predecessor, the new Infiniti QX80 has faced its first-ever recall. A software glitch has led to a potential safety hazard, as the rearview camera display may go blank during reverse. This issue, caused by a low voltage differential signaling communication error, violates federal safety regulations and increases the risk of a crash. The National Highway Traffic Safety Administration (NHTSA) has issued a recall for approximately 40,000 2025 QX80 SUVs and 2024-2025 Nissan Rogue crossovers. While the majority of vehicles are unaffected, a small percentage may experience the problem. Infiniti will be contacting owners in November…
The state’s fledgling carbon market has brought in billions of dollars. Lawmakers have sprinkled that money all over the state. Will voters take it down? Source link