Six years have passed since the McLaren 720S arrived – a supercar whose engineers were, at the time, quite open regarding their anxiety over its eventual replacement.
In fairness, they had reason to be. In the 720S, those engineers created an exceedingly light, monumentally potent supercar with class-defying road manners. Talk about a hard act to follow.
Consumer Reports shares the ten vehicles most prone to paint problems, and they span quite an array of models.
Fast-food prices are climbing, and chain restaurants like Chili's are coming for fast-food giants with meal deals and new burgers.
European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models, faced higher costs and were hit by weaker demand for new cars as interest rates remain high. The news hit the automakers' stocks. Mercedes shares were down 4.4%, Stellantis 4% and Volkswagen 2.7%.
McDonald’s plans to step up deals and value messaging to combat slowing sales. “The consumer is certainly being very discriminating in how they spend their dollar,” McDonald's President and CEO Chris Kempczinski said Tuesday during a conference call with investors. McDonald's said its same-store sales – or sales at stores open at least a year -- rose 1.9% worldwide in the January-March period.
The average new car now sits on the market for 54 days, according to iSeeCars.com, but some car brands are flying off lots in much less time. For example, the average new Toyota will sell within less...
Walmart (WMT) has launched a new private label brand called "bettergoods," marking Walmart's largest private brand food launch in 20 years. The company seeks to rival competing brands from Trader Joe's and Whole Foods. The retail giant's new brand is entering a higher-value target demographic with plant-based and "made without" food categories. Yahoo Finance Anchors Madison Mills and Seana Smith discuss the inflationary pressures driving Walmart's private label launch and whether the retail giant has sufficient demand for the new products. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
STORY: Light-up emojis. Music for pedestrians outside. In China, electric carmakers are offering up luxury tech – without the luxury price tag – in the battle for buyers. Cars are being loaded with once-expensive interior features and technology for as low as $20,000 – less than half the cost of the average new car in the U.S. Analysts say that poses a big challenge for foreign heavyweights like Tesla and Volkswagen. This is the Nammi – on display here at the Beijing auto show. It’s made by state-owned automaker Dongfeng and sells for under $10,000. That’s around the same as BYD’s Seagull EV – China’s fourth best-selling electric vehicle. The market is also crowded with electric and plug-in vehicles that splash luxury technology. Xpeng is planning to offer an EV with high-level self-driving features – for under $21,000. Analysts say the price of specialized components like sensors needed for self-driving and screens for onboard entertainment has tumbled. That's making competition in the world’s largest auto market all the more fierce… And chipping away at the halo that once hung over foreign brands. That’s according to an outlook from McKinsey analysts released in March. Take Zeekr, for instance. It's the carmaker with those emojis. Here’s its Shanghai head of design, Javier-Garcia Gallardo: “When we see the differences between our product launch in China versus our product launch in Europe and, you know, the technical details are as important as the design and the brand. And this integration of technology is essential for the Chinese customer.” Still, German automakers say they’re not backing down. Here’s Mercedes-Benz CEO Ola Kallenius: “We have a dedicated digital tech team here all the way down to providing things like in the new E-Class, you can sing karaoke. Maybe you don't have that feature in Germany. Maybe you should. But here, customers love it.” Mercedes, as well as Volkswagen, both told Reuters they’re working to deliver those so-called “wow effects” for Chinese buyers.
McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain's international sales. Global comparable sales growth slid for the fourth straight quarter to 1.9%, with the company saying consumers turned "more discriminating with every dollar they spend". "Consumer is certainly being very discriminating in how they spend their dollar ... I think it's important to recognize that all income cohorts are seeking value," McDonald's CEO Chris Kempczinski said on a post-earnings call.
(Reuters) -Restaurant Brands International beat Wall Street expectations for quarterly results on Tuesday, driven by a revival in demand at its Burger King outlets as well as continued strength at the Tim Hortons chain. Restaurant Brands' U.S. and Toronto-listed shares rose about 1% in early trade. Separately, the company said it would invest an additional $300 million towards modernizing Burger King outlets in the U.S., and provide cash incentives to top performing restaurant operators to support outlet remodels.
Ultra-fast fashion retailer Shein wants to diversify its offerings from fashion and accessories to more consumer sectors such as home, beauty and toys, but will it succeed?
The former president floundered in the face of Roop Raj's response.
Sports Illustrated Swimsuit is debuting the winners of its 2023 Swim Search for the magazine's 60th anniversary issue, hitting newsstands this month. And this week, the glossy publication put a spotlight on Denver Broncos cheerleader Berkleigh Wright, who is likewise making her rookie debut. ...
An alleged confrontation between Ryan Reynolds and Dwayne “The Rock” Johnson is being detailed in new reports that surfaced Tuesday. While filming the 2021 Netflix film “Red Notice,” the actors reportedly had a “huge fight” over Johnson’s repeated tardiness to set, according to sources who spoke with The Wrap. With the chatter spreading on Tuesday, a representative for Amazon MGM Studios ...
Victoria Justice said that her first sex scene was "uncomfortable" but that the director and her co-star made the experience better.
Following news that Kate Middleton had been diagnosed with cancer and was undergoing treatment, Prince William briefly spoke to the public about his wife's wellbeing.
The star bought the ranch just north of L.A. about six years ago and takes in any animal in need: "We don’t turn anyone away. It’s become this magical place"
A suburban Oklahoma City father killed his wife and three of his four sons before shooting himself in what police described as a "massacre," but he left one son alive.
Witnesses described children fleeing after the sound of gunshots near a Wisconsin middle school where authorities said an active shooter who never got inside was “neutralized” outside the building Wednesday. Parents described children hiding in closets, afraid to communicate on cell phones, and one middle schooler said his class initially fled the school gym on in-line skates. The district used Facebook posts throughout the day to give updates, with the earliest coming around 11:30 a.m. and reporting that all district schools were on lockdown.
Fast food at fine dining prices?
Judge Juan Merchan held the former president in contempt for repeatedly violating the order — and threatened to lock him up if he doesn’t cut it out
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