Stellantis, a leading automotive manufacturer, has issued a recall for 154,032 Jeep Grand Cherokee 4xe and Wrangler 4xe models sold in the United States. The recall targets vehicles produced between September 2020 and March 2023 and is necessitated by a potential fire hazard stemming from defective Mopar replacement battery packs. These battery packs, equipped with damaged cell separators, have been identified as the root cause of the issue. To mitigate the risk and ensure the safety of vehicle owners, Stellantis has implemented a comprehensive recall plan. The plan involves replacing the faulty battery packs with new, defect free units at…
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The Ford Mustang, a legendary American muscle car, continues to fascinate enthusiasts around the world. Despite the decline of passenger car sales in the US, the Mustang remains a popular choice, with over 36,000 units sold in the first nine months of 2024. To keep the iconic model relevant and exciting, digital artists often explore alternative designs and concepts. One such artist, Karan Adivi, has created a stunning virtual vision of a modern Mustang inspired by the classic Le Mans race cars of the 1960s. Adivi’s KRBN Series 6 Ford Mustang LM Concept is a bold and striking reimagining of…
On Thursday, Sarepta Therapeutics (NASDAQ:) shares received a positive outlook from Raymond James as coverage was resumed with an Outperform rating and a price target set at $150.00. The biopharmaceutical company, known for its work on genetic medicine, recently secured full approval for its drug Elevidys, which treats Duchenne muscular dystrophy (DMD) in both ambulatory and non-ambulatory patients. Despite the full approval of Elevidys, Sarepta’s stock has been trading lower than prior to the drug’s approval. This dip in stock performance is attributed to a reduction in merger and acquisition speculation. However, Raymond James anticipates that the launch of Elevidys…
In April 2024, NASA selected three companies to develop the Lunar Terrain Vehicle (LTV) for the Artemis program. While the designs are impressive, none are physical prototypes yet. The LTV will be used to transport astronauts on the Moon starting with Artemis V in 2030. NASA has specific requirements for the LTV, including carrying two astronauts, remote operation, various drive modes, autonomy, and self leveling. To ensure the LTV meets these requirements, NASA’s Johnson Space Center is using a Ground Test Unit (GTU). The GTU is an eight wheeled vehicle that will be tested on Earth to evaluate systems, technologies,…
The owner of a brand new 2024 Jeep Wagoneer was left stunned when his SUV broke down just 44 miles into its first drive home from the dealership. Despite being so new, the vehicle started emitting a concerning electrical burning smell, and the dashboard lit up like a Christmas tree. To make matters worse, the transmission stopped shifting, forcing the owner to call a tow truck to take it back to the dealership. This unfortunate incident highlights the unexpected issues that can arise even with brand-new vehicles, shattering the common belief that they are trouble free for years to come.…
TEANECK, N.J. – Cognizant Technology Solutions (NASDAQ: NASDAQ:) has announced a partnership with Palo Alto Networks (NASDAQ:) to enhance cybersecurity services for global enterprises by leveraging artificial intelligence (AI). The collaboration aims to integrate Cognizant’s cybersecurity expertise with Palo Alto Networks’ AI-powered security platforms, focusing on the financial services, healthcare, and life sciences industries. The partnership will enable Cognizant to expand its capabilities across Palo Alto Networks’ suite of security platforms, which includes the Precision AI-powered Network Security Platform, Code-to-Cloud Platform, and Security Operations Platform. This strategic move is intended to help clients simplify their security operations and improve protection…
Chinese investment in Mexico – widely perceived as a handy detour around US-imposed tariffs – could be six times more than what is reflected in official data, a risk consultancy estimated in a report released on Thursday.The Washington-based Rhodium Group has turned up more than 700 completed foreign direct investment transactions from China to the Latin American nation with a cumulative value US$13 billion. Both figures, if accurate, would overshadow official tallies of investment stock – the total accumulated level of direct investments.Chinese investments mostly take the form of factories that produce motor vehicles, electronics and consumer goods. Many use…
Renault, the French automaker, has revealed a new concept car, the Embleme, that showcases their commitment to a carbon neutral future. This ‘shooting brake’ station wagon, designed to be a showcase of technical prowess, combines both battery electric vehicle (BEV) and fuel cell electric vehicle (FCEV) technology. The Embleme features a hydrogen fuel cell stack that can be refilled at hydrogen stations, as well as a battery pack that can be recharged from any outlet. This hybrid approach aims to provide the best of both worlds, offering long range capabilities and quick refueling options. While the design may be unconventional,…
The pace of price increases over the past year was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene, the Labor Department reported Thursday.The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.4%. Both readings were 0.1 percentage point above the Dow Jones consensus.The annual inflation rate was 0.1 percentage point lower than August and is the lowest since February 2021.Excluding food and energy, core prices increased 0.3% on the month,…
Image source: Getty Images A lot of investors like the idea that buying a penny share could sometimes mean paying pennies for something that turns out to be worth a lot more in future. But penny shares can be potentially lucrative in other ways too. Some pay substantial dividends. For example, one I own yields over 8%. I like that passive income and plan to keep holding the share – but will the payout continue? Strong market position The dividend in question has not yet sent me up the wall, but what goes up walls is something this company knows…