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Added on the 03/06/2016 00:31:54 - Copyright : Reuters EN
"Automobili Pininfarina has made a series of power-packed announcements from its new Munich headquarters that will see it strengthen its management team, secure cutting-edge, world-beating electric powertrain technology, and put Formula 1 and Formula E experience in the PF0 hypercar driving seat. Building on the successful debut of the PF0 luxury electric hypercar concept to supercar owners, luxury car retailers and automotive connoisseurs in Monterey and Pebble Beach last month, the Automobili Pininfarina team has returned to Europe to set in place the business foundations and partnerships that will lead to the delivery of the first PF0 in late 2020. Munich has been confirmed as the company’s corporate and operational headquarters, providing access to expertise and engineering networks in arguably the world’s most successful and technologically advanced car market. Munich’s reputation as one of the world’s most exciting cities and its proximity to northern Italy, the home of Pininfarina SpA – who will design and build the PF0 under contract – was key to CEO Michael Perschke’s selection of it for the global headquarters. At a press conference in Bavaria’s capital city today, Perschke and special guest Dr. Pawan Goenka, Mahindra & Mahindra Managing Director and Chairman of the Supervisory Board of Automobili Pininfarina, also introduced a stellar cast of partners and collaborators in this exciting new dawn for sustainable, luxury, high-performance cars."
A spike in energy shares offset declines in large-cap technology names, lifing the S&P 500 to a two-month high. Bobbi Rebell reports.
Mount Etna continued to erupt on Tuesday, and the volcano seeped lava onto its slopes. The 10,922 ft high mountain has spewed red-hot, molten lava numerous times in the month of March and Ruptly captured spectacular footage of firy rock moving oozing from the volcano. Volcanoes form when burning lava deep below the earth's surface is pushed upwards by gases, tectonic plates, and other natural forces. Mount Etna is Europe's most active volcano and lies between the cities of Messina and Catania. Although the lava is surely a unique and magnificent site, it is extremely dangerous. The molten rock and metal reaches temperatures of between 1,300 and 2,200 Fahrenheit. Gases escaping from the lava flow can cause bubbles to form and burst, sending molten rock shooting out in different directions. Although active volcanoes are major tourist attractions, they are best appreciated from a wide distance. Ten people were reportedly injured last week when magma flowed into snow causing a violent explosion which sent stones and rocks flying across slopes according to emergency services. Tourists have been warned to remain vigilant if near the volcano.
"SEAT’s global sales continue to post double digit growth. In February, the company successfully maintained the sharp increase in sales at the beginning of the year with 39,900 vehicle deliveries, which is 25.9% higher than the same month in 2017. The year to date sales figures rose by 23.1% to reach a total of 78,800 units. SEAT is maintaining a very high growth rate in the brand’s main markets. In January and February, Spain spearheaded deliveries with 17,100 vehicles sold (+18.1%), closely followed by Germany, which posted a 15.0% increase to stand at 13,700 units. Other exceptional markets were Switzerland (2,100; +27.8%), France (4,300; +26.8%), Austria (3,500; +18.5%), the United Kingdom (6,500; +17.2%) and Italy (3,700; +12.1%). SEAT is also growing strongly outside Europe. Algeria remains the brand’s fourth biggest market at the beginning of the year after selling 4,700 cars, and sales in Israel went up by 34.9% to stand at 2,100 cars. SEAT Vice-President for Sales and Marketing Wayne Griffiths highlighted that “there has been an outstanding increase in sales in the first two months of the year. We are one the fastest growing car brands in the industry and are gaining market share in strategic markets.” Griffiths added that “the SEAT Arona is widely popular in the market, as are the Leon, Ibiza and Ateca. In addition, the launch of the new CUPRA brand will have a positive effect in order to conquer new customers in the future.”"
"Automobili Pininfarina has made a series of power-packed announcements from its new Munich headquarters that will see it strengthen its management team, secure cutting-edge, world-beating electric powertrain technology, and put Formula 1 and Formula E experience in the PF0 hypercar driving seat. Building on the successful debut of the PF0 luxury electric hypercar concept to supercar owners, luxury car retailers and automotive connoisseurs in Monterey and Pebble Beach last month, the Automobili Pininfarina team has returned to Europe to set in place the business foundations and partnerships that will lead to the delivery of the first PF0 in late 2020. Munich has been confirmed as the company’s corporate and operational headquarters, providing access to expertise and engineering networks in arguably the world’s most successful and technologically advanced car market. Munich’s reputation as one of the world’s most exciting cities and its proximity to northern Italy, the home of Pininfarina SpA – who will design and build the PF0 under contract – was key to CEO Michael Perschke’s selection of it for the global headquarters. At a press conference in Bavaria’s capital city today, Perschke and special guest Dr. Pawan Goenka, Mahindra & Mahindra Managing Director and Chairman of the Supervisory Board of Automobili Pininfarina, also introduced a stellar cast of partners and collaborators in this exciting new dawn for sustainable, luxury, high-performance cars."
Stocks moved higher after Fed Chair Janet Yellen indicated a rate hike was still very much in the cards, but took out specifics on the timing of that hike. Bobbi Rebell reports.
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