Apr 30, 2:20 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Arthur Villasanta 04/29/19 AT 11:35 PM In a clear sign its ramping-up production of its electric vehicles (EVs), Tesla Inc. has registered 39,680 new Model 3s with the U.S. National Highway Traffic Safety Administration (NHTSA). A significant portion of these cars are destined for Europe, where the Model 3 became the best selling EV in the first quarter.This huge number is the largest Tesla has registered with the NHTSA since registering a batch of 407,324 EVs. When producing vehicles in the U.S., all automakers have to register the cars’ Vehicle Identification Numbers (VIN) with the NHTSA. Analysts use these VIN numbers to calculate key information about the cars being produced.By registering these 39,680 new Model 3s, Tesla is confirming these vehicles’ production over the next few weeks, said analysts. Some 40 percent of the newly registered Model … [Read more...] about Tesla Gets Massive Model 3 Orders As Sales In Western Europe Surge
Sometimes, it's wiser to leave a market than to stay and waste precious time and money fighting an uphill battle. Infiniti announced on Tuesday that it intends to withdraw from Western Europe in 2020. The first step will be to end of its Q30 and QX30 production lines in Sunderland, England, which will happen by the middle of this year. The automaker said it's working to find other jobs for employees that might be affected, and once that's done, it'll focus on ending franchise agreements.Infiniti said this decision was part of a restructuring plan that allows it to focus purely on its most active markets -- namely, North America and China. And while Infiniti plans to leave Western Europe, it will stay active in Eastern Europe, in addition to Asia and the Middle East. Even though this seems sudden, it's not like Infiniti is abandoning the region entirely. It will still have a presence in terms of service, maintenance and warranty repairs, although it's unclear if they'll be … [Read more...] about Infiniti kicks Western Europe to the curb amid restructuring
Hungarian Prime Minister Viktor Orbán has slammed accusations that his country is anti-Semitic, saying that mass migration has led to a true rise in anti-Semitism in Western Europe. The Hungarian leader’s remarks came after he was questioned about anti-semitism in Hungary and accusations of anti-Semitism over his campaigns against the influence of left-wing billionaire George Soros in an interview with Germany’s Welt.“The international aspect doesn’t interest me all that much. Hungarian Jews enjoy the protection of the government. Also, we conduct a consistently pro-Israeli foreign policy,” Orbán said and added, “Because we are convinced that the existence of a Jewish state is not only important for European Jews but that the security of Israel is a key question for the stability of Europe.” Admitting that Hungary has had an anti-semitic Christian right in the past, the Hungarian prime minister said, … [Read more...] about Orban: Hungary Is Defeating Anti-Semitism While Western Europe Imports It
KeyBanc Capital Markets analyst John Vinh sent a note to clients yesterday, passing along more information about weak Apple iPhone sales. The analyst revealed that KeyBanc's latest survey, covering the period from November to December, showed that inventories of the Apple iPhone held by wireless carriers in North America and Western Europe "went from bad to worse."Apple also announced today that it will release results from its fiscal first quarter on January 29th. The report will be disseminated after the 4pm ET close of the U.S. financial markets. Earlier this month, Apple lowered its guidance for the period's revenues, citing weak iPhone sales in China, and the stock tumbled nearly 10% the following day. … [Read more...] about Survey of carriers shows rising inventories of the Apple iPhone in North America and Western Europe
Home Features Humans Feature 17 January 2018 History tells us all cultures have their sell-by date. Do political strife, crippling inequality and climate change mean the West’s time is now up By Laura SpinneyAH, the good old days, when predictions that “the end is nigh” were seen only on sandwich boards, and the doom-mongers who carried them were easy enough to ignore. If only things had stayed so simple. The sandwich boards have mostly gone and the world is still here, but the gloomy predictions keep coming, and not all of them are based on creative interpretations of religious texts. Scientists, historians and politicians alike have begun to warn that Western culture is reaching a critical juncture. Cycles of inequality and resource use are heading for a tipping point that in many past civilisations precipitated political unrest, war and finally collapse. For the most part, though, people are carrying on as … [Read more...] about End of days: Is Western civilisation on the brink of collapse?