Volkswagen has issued a second recall for nearly 6,500 Audi e-tron GT and RS e-tron GT electric cars. This time, the issue is with individual battery cells that can fail over time. To address this, Audi will provide a software update that will detect battery related problems and replace affected modules at no cost to owners. Until the update is available, owners should limit charging to 80%. The recall affects cars produced between March 2021 and December 2023. This is the second recall for these models. The first recall in March 2024 involved a short circuit within the battery module.…
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In a recent episode of her Women & Money podcast, Suze Orman took a firm stance on a complicated retirement strategy proposed by a listener.A 56-year-old retiree, Gina, sought Orman’s advice on rolling over $1.6 million from her pretax 401(k) into a Roth IRA over ten years without tapping into her liquid savings to cover taxes. Her company’s benefits advisor had recommended a series of steps that seemed, on the surface, like a viable plan to avoid an immediate tax hit. Orman, however, didn’t mince words in her response: “That’s absolutely crazy.”Don’t Miss:Gina’s approach, as advised by her company, involved…
(This Oct. 9 story has been corrected to say ‘Walmart Foundation’ instead of ‘Walmart Inc’ in paragraph 7) By Anthony Boadle BRASILIA (Reuters) – Indigenous organizations in the Brazilian state of Para said they were not consulted by the government before it signed a deal with multinational companies to sell carbon offset credits to support conservation of the Amazon rainforest in the state. Source link
While the global automotive market faces various challenges, Ford Motor Company has continued to thrive in its home market. The US-based automaker has experienced a remarkable increase in sales during the first nine months of the year, primarily driven by the enduring popularity of its iconic F-Series pickup truck. The F-Series, along with other successful models like the Explorer, Transit, and Escape, has solidified Ford’s position as a leading player in the US automotive world. However, the company’s European operations have taken a different path. With the discontinuation of popular models like the Fiesta and Focus, Ford seems to be…
By Anthony Boadle Indigenous groups in Brazil: We were not consulted on carbon credits BRASILIA, – Indigenous organizations in the Brazilian state of Para said they were not consulted by the government before it signed a deal with multinational companies to sell carbon offset credits to support conservation of the Amazon rainforest in the state. Amazon.com Inc and other firms agreed last month to buy carbon credits valued at $180 million through the LEAF Coalition conservation initiative, which it helped set up in 2021 with a group of companies and governments, including the United States and United Kingdom. At the…
U.S. crude oil futures fell more than 2% on Monday after OPEC cut its demand forecast for 2024 for the third time in a row.OPEC now sees demand growing by 1.9 million barrels per day in 2024, down from 2 million bpd in its previous forecast, according to a report released Monday. The group expects demand to grow by 1.6 million bpd in 2025, compared with 1.7 million bpd previously.Here are Monday’s closing energy prices:West Texas Intermediate November contract: $73.83 per barrel, down $1.73, or 2.29%. Year to date, U.S. crude oil has gained about 3%.Brent December contract: $77.46 per barrel,…
NEW DELHI (Reuters) -India ordered the expulsion of six Canadian diplomats on Monday and withdrew its own envoy from Canada, in response to what it said was Ottawa’s decision to name him and others as “persons of interest” in an investigation. India did not go into detail on the investigation, but relations have been fraught since 2023, when Canadian Prime Minister Justin Trudeau said he had evidence linking Indian agents to the assassination of a Sikh separatist leader on his territory. India has long denied Trudeau’s accusation. On Monday it dismissed Canada’s move on the inquiry and accused Trudeau of…
BMW has launched three special editions for the South Korean market. The M2 Coupe Carbon Edition is the most striking of the three, with its aggressive carbon fiber bodywork and powerful M Performance Parts engine. The Z4 sDrive20i M Sport Special Edition is a more affordable option but still offers a sporty driving experience. The i7 xDrive60 M Sport Pro 2024 LPGA Edition is a luxury electric sedan with a long range and powerful electric motors. All three models are in limited production and are only available for sale through BMW Korea’s online sales channel. BMW Launches Three Special Editions…
Byron Swift, a conservationist with over 40 years of experience working across Latin America, argues that biodiversity credits are fundamentally flawed and not a viable solution to the extinction crisis.He contends that while market mechanisms like carbon and biodiversity credits aim to address conservation and emissions reduction, they face significant challenges that undermine their effectiveness.Swift believes biodiversity credits are promoted primarily for the benefit of financial intermediaries rather than for their genuine potential to conserve biodiversity, and he advocates for other funding mechanisms.This article is a commentary. The views expressed are those of the author, not necessarily Mongabay.See All Key…
Porsche Cars North America is recalling a significant number of Taycan electric vehicles manufactured between 2020 and 2024 due to issues with their high-voltage battery modules. The recalls, encompassing two separate campaigns, affect a total of 27,720 vehicles. The first recall, ARB5, involves 27,527 units with anomalies in their battery modules. As a temporary measure, owners of these vehicles have been advised to limit their charging to 80% to prevent potential short circuits. A permanent solution will involve replacing the affected battery modules. Porsche Recalls Taycan EVs for Battery Module Issues, Diagnostic Update Planned (Porsche) The second recall, ARB6 and…