By Daniel Leussink TOKYO (Reuters) -Toyota Motor posted on Wednesday its first quarterly profit drop in two years, as slowing sales and production volume stalled the world’s top-selling automaker’s recent record run. The Japanese automaker had been on a record profit run until earlier this year, with its heavy focus on hybrid models helping it benefit from growing consumer interest in more affordable vehicles than the costlier battery-powered electric vehicles amid soaring inflation. But heavy competition from Chinese brands in the world’s biggest auto market, and a now-resolved production suspension of two models in the U.S. have started slowing its…
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The 1967 Chevrolet Caprice, a classic American muscle car, is a testament to the automotive prowess of the 1960s. This particular Caprice, powered by a massive 427 cubic-inch V8 engine, has been sitting for years in a shed, waiting for its chance to shine once again. Despite its prolonged dormancy, the car’s body remains remarkably straight and rust-free, suggesting that it has been well preserved. The matching-numbers 427 V8 engine, paired with a four-speed manual transmission, still fires up and runs smoothly, a surprising feat considering its age and neglect. The brakes have been recently serviced, ensuring that this classic…
Cali (d.de and dpa) – The World Biodiversity Conference COP16 in Colombia ended without an agreement on further funding measures. German Federal Environment Minister Steffi Lemke nevertheless emphasised that progress had been made, in particular in terms of the closer involvement of indigenous communities and improved integration of climate and nature conservation. “The protection and sustainable use of biodiversity protects the climate, too – and vice versa. We need to do more to promote the reciprocal effects involved here,” she said in Cali. “The climate crisis and species extinction are closely linked – we can only tackle these two crises…
Representational image. Credit: Canva EKI Energy Services Ltd. (EKIESL), a global leader in carbon credit development and sustainability services, has announced a new strategic partnership with U.S.-based FBO Resource Group, Inc., also known as Aviation Resource Group International (ARGI). This agreement is set to bolster EKI’s presence across North America, primarily targeting the aviation sector. The partnership designates ARGI as an authorized representative for EKI in the U.S., enabling ARGI to facilitate transactions and promote EKI’s suite of sustainability services, including carbon credit trading, greenhouse gas (GHG) accounting, carbon offsetting, and environmental, social, and governance (ESG) reporting. With a strong…
The Crew Motorfest continues its streak of high-priced bundles, this time offering the iconic Dodge Challenger SRT Demon Awaken Edition. This 840-horsepower behemoth can sprint to 60 mph in a blistering 2.3 seconds, making it one of the fastest cars in the game. However, acquiring this demonic machine comes with a price tag that might send shivers down your spine. While the Demon is undeniably tempting, its exclusive availability in the weekly Custom bundle, purchasable only with real world currency, might deter some players. Although the current 30% discount brings the price down to 122,570 Crew Credits, it still requires…
Image source: Getty Images Another day, another achievement for Nvidia (NASDAQ: NVDA) stock yesterday (5 November). That’s because the chipmaker reclaimed its crown from Apple to become the world’s largest company. Both have market-caps above $3.3trn! Yet Nvidia ended 2014 with a market-cap of just $11bn, meaning its meteoric rise is truly mind-boggling. Unprecedented even. But where do the experts see the Nvidia share price heading over the next 12 months? Let’s take a look. Consensus forecast Now, I’d take the following predictions with a pinch of salt. In my experience an analyst’s price target can resemble a weather vane…
China has chosen Saudi Arabia as the site for its next offering of US dollar bonds.It’s China’s first such offering in three years, and shows deepening financial ties between the two nations.Saudi Arabia is leaning on Chinese investment to bankroll large development projects. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. Investing ties between…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! A reader pointed me to this webpage and the map there showing where manufacturing and infrastructure investments associated with the American Rescue Plan, Bipartisan Infrastructure Law, CHIPS and Science Act, and the Inflation Reduction Act are taking place or have been committed. It’s a fascinating map, but the headline number and summary really jump out at you first: “Under the Biden-Harris Administration, private companies have announced $988 Billion so far in commitments to invest in 21st century industries….” That includes the following: $446 billion…
(Bloomberg) — The dollar rallied as Donald Trump pulled ahead in the US presidential race, triggering a sharp rise in Treasury yields on speculation his policies would keep US interest rates elevated. Most Read from Bloomberg The rise in bond yields promised to pull cash into the US as investors seize on the higher payouts. The dollar surged against all of its major counterparts in Asian trading even though the race remained too close to call and crucial states had yet to report vote tallies. The currency’s gain came on the back of a building bond-market selloff as traders re-calibrated…
2024 marks the 60th anniversary of the iconic James Bond film, Goldfinger. While recent 007 movies have fallen short of expectations, Goldfinger remains a beloved classic. To commemorate this milestone, Aston Martin Lagonda revealed a special edition DB12, but Rolls-Royce Motor Cars truly outshone them with the extraordinary Phantom Goldfinger. This unique Phantom pays homage to Auric Goldfinger’s 1937 Phantom III Sedanca de Ville, a luxurious vehicle that played a pivotal role in the film. Rolls-Royce meticulously crafted the Phantom Goldfinger, incorporating numerous gold elements as a nod to the villain’s opulent lifestyle and his gold smuggling operation. Rolls-Royce Honors…