He is the richest man in the world with an estimated wealth of $260 billion as of August 19, according to the Bloomberg Billionaires Index. He is also considered the most innovative and revolutionary boss since Apple’s (AAPL) Steve Jobs. He leads companies that want to revolutionize transportation (Tesla (TSLA) ), conquer Mars (SpaceX), build …
Much progress has been made in the field of electric vehicles over the past 10 years. Ten years ago in many places in the world there were very few models of battery electric cars to choose from. Also, the charging networks were not as widespread as they are now in many places. Modern electric cars …
Scott Burg, the chief investment officer of Deer Park Road Management Co, who predicted that Tesla would become “crushed like an insect” in a 2020 tweet, he bought put options on nearly 4.8 million Tesla shares in the second quarter, according to a regulatory filing this week, Bloomberg and Barron’s reported. The stock backed by …
This color is excellent. Photo: Aston Martin Aston Martin prepares to usher in the last era for its Vantage sports car with a V12-powered monster. But the V12 Vantage coupe won’t be alone when it starts tearing through the streets, as Aston Martin has just unveiled this stunning drop-top version as well. Say hello to …
Aston Martin chopped the roof off the V12 Vantage Read More »
Kohl’s doesn’t seem to be taking a break, and it can only be itself to blame. People walk near a Kohl’s department store in Doral, Florida, on June 7 (Joe Raedle, Getty Images) Estimated reading time: 3-4 minutes NEW YORK — Kohl’s doesn’t seem to be able to take a break and may only have …
Photo: Lamborghinic Lamborghinic goes balls to the wall with his latest creation: the Urus Performante. It’s more powerful, lighter, and faster than the standard urus. Unveiled at Quail at Monterey Car Week, the Performante adds 16 horsepower to its 4.0-liter, twin-turbocharged V8 for a total of 657 horsepower and 627 lb-ft of torque. That’s 666 …
The Lamborghini Urus Performante 2023 is lighter, faster and stronger Read More »
The Porsche 911 GT3 RS from 2023 pays tribute to the original, to the iconic 1972 Porsche 911 Carrera RS 2.7.Photo: Porsche Porsche launches a modern interpretation of the first 911 Carrera RS at this year Monterey Auto Week and show what 50 years of development can achieve. Now, with the recent release of the …
Mary Barra, president and CEO of the General Motors Company (GM), speaks at the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T Fallon | AFP | Getty Images DETROIT — General Motors is restoring a quarterly cash dividend to shareholders that was cut during the early days of the …
GM recovers quarterly dividend and increases share repurchase program to $5 billion Read More »
It’s part of a general shift from Dodge, Stellantis’ US sports car division, to electric vehicles. The brand’s current gas-powered muscle cars, the Charger and Challenger, will cease production next year. The concept muscle car, called the Dodge Charger Daytona SRT, looks like a model that executives say will go on sale in 2024. It …
Tonight, the Dodge brand unveils one of the most anticipated vehicles from Detroit in recent years. The vehicle will showcase the brand’s evolution towards electrification with its next generation of “eMuscle” cars. But while that may be exciting to some, Dodge announced Monday that the 2023 model year would mark the end of the HEMI …
