Mitsubishi Motors North America, once a formidable force in the automotive industry, now struggles to maintain its relevance. The company’s recovery plan, “Mitsubishi Motors Momentum 2030,” announced in May, has yielded little tangible progress. Despite promises of expanded electrification options, new vehicles, increased dealership presence, and technological advancements, the only significant announcement has been a mid cycle refresh for the 2025 Outlander. Even this update is scheduled for early 2025, lagging behind other automakers’ plans for the 2026 model year. The slow pace of Mitsubishi’s recovery is particularly concerning given the rapid advancements in the automotive industry. Electric vehicles are…
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Image source: Getty Images The FTSE 100 has performed relatively well in 2024. Over nine months, it rose from 7,733 to 8,237 – a gain of 6.5%. Here, I’m going to discuss where I think the index could be in half a decade’s time. Let’s get into it. This could go badly wrong Let me start by saying that forecasting future index levels is notoriously difficult. So, my predictions for the Footsie could turn out to be horribly wrong (and quite embarrassing). Making forecasts can still be a useful exercise, however. Because they help me focus on achieving the best…
The Cadillac Escala, a stunning concept car revealed in 2016, was a departure from the brand’s previous designs. It showcased a bold new aesthetic that was expected to influence future production models. The concept car, based on the elongated Omega architecture of the CT6, was the culmination of years of development and design work. The Escala’s exterior design was a masterpiece, featuring sleek lines, dramatic curves, and a striking presence. Its interior was equally impressive, with luxurious materials, advanced technology, and a spacious, comfortable cabin. The concept car’s name, Escala, is Spanish for “scale,” hinting at its grandeur and ambition.…
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar gained against major peers on Tuesday after Federal Reserve Chair Jerome Powell pushed back overnight against bets on more supersized interest rate cuts. The euro traded not far from Monday’s one-week low following a drop in German inflation to the lowest since early 2021, boosting speculation about another rate reduction this month. The yen steadied close to the middle of its range against the dollar over the past month, after a volatile two days as traders sized up Japan’s incoming prime minister and his cabinet. Australia’s dollar caught its breath following…
Google Maps has become an indispensable app for modern cars, and with recent updates encroaching on Waze’s territory, many are staying put. However, certain General Motors models are facing a setback: Google Maps isn’t working correctly. The company has issued a technical service bulletin acknowledging the issue and providing guidance. The problem manifests as an “offline” icon or a “can’t connect to Google” warning, preventing traffic data downloads. GM Addresses Google Maps Glitch Affecting Cadillac and Chevrolet Models (Cadillac) Several Cadillac and Chevrolet models are affected. General Motors advises drivers to update Google Maps to the latest version, which should…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Billionaire investor and investment guru Warren Buffett once shared the thumb rule he uses when to give up on a stock and in the process explained why investors are better off than business tycoons such as Andrew Carnegie or John Rockefeller.What Happened: “I love it when the things we buy go down,” said Buffett in a 2014 Fortune Magazine interview. He said he would get “euphoric when the stocks are down because he can buy more of something he owned. On the other hand,…
Facing plummeting sales in North America, rumors swirl that Stellantis is scouting for a new CEO to replace Carlos Tavares before his 2026 contract ends. This comes amid tension between Tavares and US executives, fueled by a product lineup that misses the mark. North American struggles stem from expensive models that don’t resonate with local buyers. Some brands, like Chrysler, lack even high end offerings, exemplified by the Pacifica minivan as their sole representative. Stellantis Eyes CEO Change as Chrysler Struggles in North America (vburlapp / Instagram) A solution seems imperative for Chrysler’s revival. Digital car designer Vince Burlapp exemplifies…
Image source: Getty Images I think these UK growth shares could deliver exceptional earnings growth in 2024 and beyond. And what’s more, I think they’re brilliant bargains at current prices. Here’s why I’d buy them if I had a spare £5,000 sitting in a savings account. Standard Chartered For many, the FTSE 100 isn’t seen as an obvious place to go hunting for growth stocks. The idea is that London’s premier share index is packed with steady-as-she-goes companies rather than exciting profit growers. This is wrong. Take banking giant Standard Chartered (LSE:STAN) as an example. City analysts expect earnings to…
The Dodge 880, a short lived model from the 1960s, was born out of a corporate misunderstanding. Chrysler executives mistakenly believed that Chevrolet was downsizing its full size cars, leading to a hasty decision to shorten the wheelbase of Dodge and Plymouth models. However, this was a premature move, as Chevrolet’s full size cars remained unchanged in 1962. As a result, Dodge and Plymouth found themselves without competitive full-size offerings, causing dealer discontent. To address this, Chrysler quickly assembled the 880, a makeshift combination of a 1961 Polara front and a 1962 Chrysler Newport rear. Despite its rushed development, the…
By Praveen Menon and Himanshi Akhand SYDNEY (Reuters) -Qatar Airways will buy a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a tougher contest for Qantas Airways that has dominated Australian routes and pushed back against giving access to the Middle Eastern carrier. The purchase of the minority stake for an undisclosed amount will need to be signed off by Australia’s government, which denied Qatar Airways’ requests last year to fly additional services into Sydney, Melbourne, Brisbane and Perth. “This partnership brings the missing piece to Virgin Australia’s longer-term strategy,” Virgin Australia CEO Jayne Hrdlicka…