Ferrari, renowned for its high performance sports cars, has been caught testing a prototype of its upcoming battery electric model. While the exterior is currently disguised, recent sightings have revealed intriguing details. The front end features production-like headlights and a design reminiscent of the Purosangue SUV. Inside, the test mule boasts paddle shifters and a digital instrument cluster that also align with the Purosangue’s interior. These revelations raise questions about Ferrari’s strategic direction for its electric future. While many expected the brand to introduce a high performance, sleek sports car as its first EV, the prototype’s crossover like design suggests…
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By Ben Blanchard and Faith Hung TAIPEI (Reuters) -Authorities in Taiwan and Bulgaria on Friday denied involvement in the supply chain of thousands of pagers that detonated on Tuesday in Lebanon in a deadly blow to Hezbollah. Tuesday’s attack, and another on Wednesday involving exploding hand-held radios used by Hezbollah, together killed 37 people and wounded about 3,000 in Lebanon. How or when the pagers were weaponised and remotely detonated remains a public mystery and the hunt for answers has involved Taiwan, Bulgaria, Norway and Romania. Security sources said Israel was responsible for the pager explosions that raised the stakes…
Dodge has outdone itself with the all new Charger Daytona, the fastest and most powerful muscle car on the planet. This beast of a vehicle is now available for pre order, and early birds who take delivery before October 31 will receive exclusive gifts. The Charger Daytona, available in two variants the R/T and Scat Pack is set to hit dealerships in the fourth quarter of 2024. Dodge has dubbed the initial release, complete with its special features, as the First Call. These cars boast not only stunning design elements but also impressive performance upgrades. The Daytona R/T comes standard…
The year 1961 marked a pinnacle in full-size car sales, and Chevrolet’s introduction of innovative features like the bubble top, Super Sport package, and downsizing significantly boosted their market share. With over 1.2 million units sold, GM dominated the market, and the Impala, with its astounding 491,000 sales, reigned supreme. While the Biscayne offered a more affordable full size Chevrolet experience, sharing many components and styling cues with the Impala, it lacked the premium features and powerful configurations that set the Impala apart. For those seeking the ultimate Chevrolet in 1961, the Impala was the only choice. 1961 Chevrolet Biscayne…
Image source: Getty Images When it listed in January 2021, Dr Martens (LSE:DOCS) had all the characteristics of a growth stock. On the back of soaring sales and earnings, its IPO was heavily oversubscribed. Investors couldn’t get enough of the bootmaker and seemingly loved the fact that during the year ended 31 March 2020 (FY20), its revenue was 93% higher than in FY18. It was cool to own both its boots and its shares. In September 2019, the Irish Times ran a story with the headline: “How anti-fashion Dr Martens are more fashionable than ever” and described a “resurgence in popularity…
The 1968 Dodge Charger, a significant departure from its predecessor, witnessed a surge in popularity, evident in its impressive sales figures. This newfound success can be attributed to several key enhancements. The refined design, featuring hidden headlights and distinctive dual taillights, fascinated consumers, transforming the Charger into a highly coveted automobile. Despite sharing a platform with the Coronet, the Charger’s base price of $3,014 (and $3,480 for the R/T) remained competitive. One such 1968 Charger recently surfaced on eBay, having been parked in 1989 and left untouched since. While the car undoubtedly requires restoration, its undeniable allure and conversation-starting presence…
On Friday, JPMorgan reiterated its Overweight rating and $25.00 price target on Confluent Inc (NASDAQ:) stock following the company’s in-person user conference, Current 2024, held in Austin, Texas. At the event, Confluent announced its Bring-Your-Own-Cloud offering, stemming from the Warpstream acquisition, and a series of product enhancements for Confluent Cloud. The conference provided an opportunity for discussions with Confluent’s customers and partners, who expressed enthusiasm for the company’s recent innovations such as Flink and Tableflow. These innovations are reportedly driving an increase in Confluent’s usage in AI applications. JPMorgan highlighted the positive feedback received from these conversations, indicating a trend…
Rivian, the electric vehicle startup, has been making waves in the automotive market. While their recent announcement of supply chain issues raised concerns, the company is determined to overcome these hurdles with strategic discounts and a focus on product quality. However, amidst these efforts, rumors of potential changes to their popular Family & Friends discounts have led to uncertainty for potential buyers. The R1T pickup and R1S SUV offer a premium experience with a starting price of $69,900 and $77,900, respectively. While the R1S recently saw a price reduction, Rivian’s battery options remain a discussion point. The Max Pack, now…
Few investors receive as much attention on Wall Street as Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. This is because the Oracle of Omaha has lapped Wall Street’s benchmark index, the S&P 500, many times over.Since taking the reins at Berkshire in the mid-1960s, Buffett has overseen an aggregate return in his company’s Class A shares of more than 5,400,000%. Comparatively, the S&P 500 has increased in value, including dividends, by around 37,000% over the same span.Buffett’s well-publicized recipe for success has involved buying stakes in time-tested businesses that offer clear-cut competitive advantages and strong management teams. Most importantly,…
Packard, once a titan of American luxury, faced a steep decline after World War II. Despite its pre-war prestige, the company struggled to compete with the Big Three and eventually merged with Studebaker in 1954. However, this merger proved to be a financial disaster for Packard, as Studebaker’s financial woes were far more severe than anticipated. Several factors contributed to Packard’s downfall, including its misguided attempt to enter lower-priced markets. This departure from its luxury roots alienated its traditional customer base and damaged its reputation. In an effort to rectify this mistake, Packard introduced the Clipper brand in 1953, a…