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The flagship new Ferrari will have a lot more willing buyers than available cars.
Xiaomi unveiled a high-performance version of its SU7 EV that boasts a maximum speed above 200 miles an hour and a range of almost 400 miles.
A prototype of China's Xiaomi SU7 Ultra sport sedan ran the 'Ring in 6 minutes 46 seconds. The lap didn't meet official record run parameters, but is still very quick.
The decline was especially stark in Japan, after Toyota halted production of some models owing to a faulty data scandal.
Maruti Suzuki, which is majority-owned by Suzuki Motor, will begin production of the EV from spring 2025 in its plant in the western Indian state of Gujarat. Shares of Maruti Suzuki climbed about 4% to trade near the session's high after the announcement. The platform for the EV was jointly developed by Suzuki, Toyota and Daihatsu Motor, according to the statement.
McDonald's (MCD) beat profit and revenue expectations during its third quarter as consumers continue to prioritize value when dining out. Morningstar analyst Sean Dunlop joins Morning Brief to discuss the success of the fast-food giant's value offerings and some of the biggest challenges ahead. Dunlop expects McDonald's to continue pushing its value meals and other deals: "When you see restaurants struggle with comparable store sales, kind of the two levers that they have to pull are menu innovation and promotions and advertising. We've definitely seen plenty of both from McDonald's, and should expect to continue to see plenty of both from McDonald's." He notes that the $5 Meal Deal was an effective initiative that helped bring back lower-income consumers to McDonald's, which could lead the company to continue rolling out promotions to boost sales. Moving forward, Dunlop argues that the biggest challenge for McDonald's is "price competitiveness": "You think about 30-basis-points comparable store sales growth in the US outperforming the industry by a wide margin. That's very concerning. Right now, we live in an environment where wage growth is consistently higher than expected food cost inflation for restaurants. That means that as the quarters progress, they're growing less and less competitive from a price standpoint with grocery stores. And we're seeing consumer traffic continue to favor that cheaper grocery store channel." Watch Dunlop talk more about McDonald's third quarter earnings and what the brand's recent E. coli outbreak could mean for its fourth quarter. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl
The survey also indicated that Citroen received the lowest overall manufacturer rating.
Chinese automakers poised to play an increasingly prominent role in the future of the European car industry, according to GlobalData
EU tariffs of up to 35.3% on battery-powered electric vehicles from China will definitively enter into force on Thursday, according to a European Commission document posted online on Tuesday. The tariffs are set to apply for five years in addition to the European Union's standard 10% import levy on cars. Chinese companies affected include BYD hit with tariffs of 17%, Geely at 18.8% and SAIC at 35.3% according to commission. The last official step will be publication in the EU Official Journal, a
Tech billionaire CEO Elon Musk took the stage at the Saudia Arabia Future Investment Initiative conference, sharing his bold predictions for the future of autonomous vehicles. Musk stated that he expects "unsupervised self-driving" capabilities to be deployed in the US as soon as next year. Catalysts Anchor Seana Smith dives deeper into Musk's remarks, addressing his outlook on Tesla's (TSLA) cybertruck production, his plans for Starships to Mars, and his belief that there will be more robots than people worldwide by 2040. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
A 33-year-old mother climbed over a safety rail and intentionally went over Niagara Falls with her two children, a 9-year-old and 5-month-old, according to New York state police, who said Wednesday that search and rescue efforts were unsuccessful. Authorities responded to the park around 9 p.m. Monday and determined the family went over the rail on Luna Island, a small island between the American Falls and Bridal Veil Falls that, along with the Horseshoe Falls, make up the popular tourist draw. “The investigation has determined that this incident was intentional in nature, though the circumstances remain under investigation,” state police said in a news release.
The former California governor said he usually doesn't 'do endorsements.'
Teri Garr, the quirky comedy actor who rose from background dancer in Elvis Presley movies to co-star of such favorites as "Young Frankenstein" and "Tootsie," has died. Garr died Tuesday of multiple sclerosis “surrounded by family and friends,” said publicist Heidi Schaeffer. Garr battled other health problems in recent years and underwent an operation in January 2007 to repair an aneurysm.
Wrecking Ball Multi-hyphenate CEO Elon Musk is hellbent on crashing the economy if Donald Trump is elected next week, something that could result in "hardship" for many Americans. As Rolling Stone reports, Musk said during a virtual town hall on his social media platform Twitter-formerly-X last week that "we have to reduce spending to live […]
The closures will take place throughout the remainder of 2024 and 2025.
The election fraud lawsuits have started again.
Fellow ‘Jeopardy!’ players voice their support for the record-breaking contestant’s endorsement on X
Jared Kushner has dished on his family’s plans should Donald Trump be elected to a second term in the White House. In a rare interview with The New York Times, the former president’s son-in-law said he and Ivanka Trump’s departure from political life will remain in place even if Trump wins next week. “We’re rooting for him—obviously, we’re proud of him,” Kushner said. “But, you know, either way, our life will just continue to move forward.”
Ripa addressed her off-camera colleagues during "Live," with the show also cutting to shots of longtime EP Michael Gelman and producer Scott Eason.
The House speaker has an ominous closing message for Republicans this election.