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GM believes it will start making money on electric vehicles in 2025 as higher margin models arrive

Published Tue, 05 Nov 2024 07:47:38 GMT

DETROIT (AP) — General Motors is losing money on every electric vehicle it sells, but the company says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing, and sees battery cost reductions.That’s what Chief Financial Officer Paul Jacobson told analysts at a Barclays conference in New York on Thursday, conceding that the company has struggled to ramp up electric vehicle manufacturing. “While the ramp has been a little bit bumpy, we have worked through that,” he said. Specifically, the company has had trouble with machinery that stacks battery cells into modules at its Ultium Cells battery plant near Warren, Ohio, a joint venture with LG Energy Solution of Korea.The guidance on Thursday of mid single-digit profit margins in two years is a little better than the low-to-mid single digits the company has estimated in the past, Jacobson said. But the new figure includes b...

No. 1 Georgia is top dog and looking to stay there as it faces No. 8 Alabama for SEC title

Published Tue, 05 Nov 2024 07:47:38 GMT

ATLANTA (AP) — When Kirby Smart returned to his alma mater as head coach, Alabama was the top dog.Now, the roles are reversed.The No. 1 Georgia Bulldogs are the two-time defending national champions and haven’t lost a game in nearly two years.Everyone is chasing them.Alabama included.“To be the best, you’ve got to beat the best,” Crimson Tide defensive end Justin Eboigbe said. “They’re the best right now, and in order to be what we want to be, we’ve got to go through them.”The Bulldogs (12-0, No. 1 CFP) will be going for their 30th straight victory and a likely top playoff seed when they face the No. 8 Crimson Tide (11-1, No. 8 CFP) on Saturday in the Southeastern Conference championship game.Attempting to become the first team in the poll era to win three straight national titles, Georgia was rarely tested during another perfect regular season. The Bulldogs’ average margin of victory was nearly 24 points, with only three games decided by single-digit margins...

Arrest warrant issued for Von Miller over alleged assault in Texas

Published Tue, 05 Nov 2024 07:47:38 GMT

DENVER (KDVR) — Former Denver Broncos player Von Miller has a warrant out for his arrest after he allegedly assaulted a pregnant woman in Dallas.The Dallas Police Department confirmed in an email to FOX31 that Miller, 34, allegedly got into a verbal argument with a woman and assaulted her.The incident happened on Thursday at 11 a.m. when Dallas Police responded to a home over a "major disturbance call."A television station in Dallas reported the victim was Miller’s pregnant girlfriend. Under Texas law, assault against a pregnant person is a third-degree felony, according to Nexstar's Buffalo station WIVB. FOX31 Newsletters: Sign up to get Broncos, Nuggets, Rockies and more sports news Police said Miller left the home before officers arrived. The woman was treated for minor injuries but was not taken to a hospital.Miller's current team, the Buffalo Bills, released a statement. "This morning, we were made aware of an incident involving Von Miller. We are in the process of gathering ...

Resident speaks out after finding swastikas etched on light poles in Fort Lauderdale

Published Tue, 05 Nov 2024 07:47:38 GMT

A series of swastikas, etched onto light poles in a Fort Lauderdale neighborhood have raised concerns after being discovered by a resident who lives in the area. Robert Gould, a member of the Jewish community, discovered swastikas etched onto light poles near Northeast Third Avenue and Third Street. After Gould saw the hateful symbols, he reached out to 7News to bring awareness to the situation. He believes the same person engraved all three swastikas found on the pole. Additionally, Gould he observed crosses carved on some other poles in the vicinity. It’s unclear when the carvings were made, but Gould believes they are recent. In response to the discovery, Gould aims to convey a message of unity and tolerance. “The fact that I see it is personal. I grew up in a home where my parents taught me not to be activists, but at some point, you have to do something, and I called the news, and I hope it does something,” he said. Expressing his hope for a positive impact, ...

23-year-old woman reunites with first responders who rendered aid after being injured during vacation in Bahamas

Published Tue, 05 Nov 2024 07:47:38 GMT

WEST PALM BEACH, FLA. (WSVN) – A South Florida woman was reunited with first responders who saved her life when she suffered injuries while on vacation in the Bahamas. On Thursday, 23-year-old Annie Flanigan, whose family are owners of Flanigan’s restaurants, met with U.S. Coast Guard members who rescued her. “I just had this will to live and I have no complaints,” Flanigan said. “I struggled a little bit with some hearing loss, and other than that, I have all my senses back. My eyes opened and I fully recovered and I’m so thankful.”Over the summer, Flanigan was riding an e-bike off an embankment in Walker’s Cay in the Bahamas at night when she drove off a cliff. She suffered a major head injury and injuries to other parts of her body.There was also a storm on the island that night and no power, which caused Flanigan to drive off the cliff since she couldn’t see it.Cam Conrad, a nurse anesthetists at St. Mary’s Medical Cent...

Post Malone launches Cowboys-themed collaboration

Published Tue, 05 Nov 2024 07:47:38 GMT

(CNN) — Post Malone is bringing his love of the Dallas Cowboys to the masses.The rapper and singer is collaborating on a new clothing line inspired by the football team, which includes over 20 different pieces of merchandise, including T-shirts, sweatshirts, hoodies, and shorts.Some have slogans like “Blessed this shirt for another Dallas Cowboys victory,” “How ‘bout them Cowboys!” and others have pictures of the rapper.The pieces will go on sale on Nov. 30. Grant Kratzer of the streetwear brand Cheatin Snakes co-designed the line.Post Malone has had previous success on collaborations with Crocs and other companies.

Senate committee investigating Florida’s state-backed home insurance company as private insurers flee

Published Tue, 05 Nov 2024 07:47:38 GMT

(CNN) — The US Senate Budget Committee is launching an investigation into whether Florida’s state-backed home and property insurance company has enough money in the bank to withstand future disasters, as scientists warn warming oceans and sea level rise are making storms more destructive.Citizens Property Insurance Corporation exists as a so-called insurer of last resort – if owners cannot convince a private insurance company to cover their property, Citizens will step in. It insures about 1.3 million policyholders in the state, who typically pay more money for a policy that covers less.But as coastlines disappear and storms get wetter and more dangerous, risk is through the roof for many of the properties Citizens insures, putting intense financial pressure on the state-backed company. During a March press conference, Florida’s Republican Gov. Ron DeSantis said, “I think most people know Citizens has not been solvent.”After Florida was walloped in 2022 and 2023 by major ...

Sunak’s Greek ‘hissy fit’ won’t stop marbles deal, says British Museum’s George Osborne

Published Tue, 05 Nov 2024 07:47:38 GMT

Rishi Sunak may have been indulging in a “hissy fit” with his Greek counterpart Kyriakos Mitsotakis before he controversially pulled a bilateral meeting this week, a senior Conservative-turned-British Museum chair said Thursday.George Osborne — who was Conservative chancellor from 2010-2016 — insisted the diplomatic feud that erupted between Sunak and Mitsotakis in recent days wouldn’t stop long-running talks over the future of the Parthenon Sculptures, known as the Elgin Marbles in the U.K.And he suggested Sunak’s abrupt cancellation of a meeting with the Greek prime minister — which No.10 Downing Street blamed on Mitsotakis’ fresh public plea for the return of the ancient sculptures — may have had more to do with the Tories’ dire electoral prospects.The sculptures were removed from Athens by diplomat Lord Elgin in the 19th century and have been housed in the British Museum since then, despite much campaigning for their return.London and Athens h...

Way cleared for Nadia Calviño to become EIB chief

Published Tue, 05 Nov 2024 07:47:38 GMT

BRUSSELS – Nadia Calviño has emerged as the clear frontrunner to lead the European Investment Bank.Belgium’s finance minister Vincent Van Peteghem, who is leading the selection process, will send a letter to his EU counterparts endorsing the Spanish finance minister for the role, two officials told POLITICO on condition of anonymity because the discussions are private.Until now, the Belgians were holding back from putting forward a single candidate because there was no consensus among governments.Finance ministers are now set to vote on whether to endorse Calviño in a meeting in Brussels on Friday next week, the officials confirmed.German Chancellor Olaf Scholz publicly came out in support of Calviño during a meeting of top European Socialist leaders in Spain earlier this month. France had not publicly backed any candidate.Calvino’s main rival for the job was Denmark’s Margrethe Vestager, the EU’s competition commissioner w...

3 die in Maine when car goes in wrong direction on turnpike, hitting 2 vehicles

Published Tue, 05 Nov 2024 07:47:38 GMT

PORTLAND, Maine (AP) — A wrong-way driver on the Maine Turnpike struck two vehicles, causing a head-on collision that killed three people, police said.Maine police said they were still working to identify the occupants of the vehicles in the Wednesday night crash in Portland. They said the wrong-way vehicle was a sedan that was going southbound in the northbound lane at a high rate of speed.An initial investigation indicates the wrong-way driver hit a pickup truck before striking a sports utility vehicle head-on, police said. The second crash caused both vehicles to catch fire and become fully engulfed, police said.Police said there was only one person in the SUV and they were deceased upon the arrival of emergency responders. They said both occupants of the wrong-way vehicle were also declared deceased on arrival. The driver of the pickup truck was not injured, police said.Police said the crash was still under investigation on Thursday.