Trump went on a Twitter rant about Mika Brzezinski 'bleeding from a face-lift' here's what actually happens when you get one
Trump went on a Twitter rant about Mika Brzezinski 'bleeding from a face-lift' — here's what actually happens when you get one
These are the greatest wrecks from our Junkyard Gems series
Adventurer Murilee Martin discovers stunning abandoned vehicles scattered around America in his Junkyard Gems series chock full of great photos and history.
These are the greatest wrecks from our Junkyard Gems series originally appeared on Autoblog on Thu, 29 Jun 2017 13:30:00 EDT. Please see our terms for use of feeds.Permalink | Email this | Comments
via Autoblog http://www.autoblog.com
June 29, 2017 at 01:54PM
EU antitrust regulators halt Qualcomm, NXP deal review
The deal will make it the leading supplier to the fast growing automotive chip market following the deal, the largest in the semiconductor industry. Qualcomm may have to offer concessions to secure EU approval.
As Territory Shrinks, ISIS Draws Inspiration from George Peppard and Joins the Crossover Craze
If there’s one thing shared by members of ISIS and the Western world, it’s an appreciation for the utility and versatility of high-value crossovers. Yes, even militant, fundamentalist killers have a myriad of needs requiring the likes of a Hyundai Tucson or Kia Sorento.
As Iraqi forces continue their push into territory previously seized by members of the Islamic State, visual evidence has emerged of the desperate tactics employed by the retreating fighters. Perhaps the most surprising are a plethora of Korean crossovers outfitted for battle.
Just minutes ago, those forces declared a symbolic victory over ISIS, retaking the landmark (and ruined) Great Mosque of al-Nuri in the city of Mosul, once home to two million residents. The eradication of ISIS in Mosul threatens to leave the terrorist group without a stronghold. Already, funding has all but dried up.
Apparently, many of the suicide car bomb attacks planned by ISIS were foiled by the allied advance into Mosul. Left in the withdrawing fighters’ wake was a bevy of specially outfitted vehicles and a workshop where normal grocery getters transformed into A-Team-like rolling ironclads. Naturally, the Iraqis held an exhibition. (You’ll get a kick out of those pictures.)
While we’re all familiar with the beige Toyota Hilux pickups so favored by ISIS, the supply of those go-anywhere vehicles isn’t getting any larger â€” they’re now mostly used for launching conventional attacks, usually with a machine gun mounted to the bed. Militants with scarce resources would hardly press a Hilux into car bomb duty.
Enter the crossover. It isn’t known exactly where ISIS got its hands on so many Hyundai and Kia vehicles, but abandoned second-generation Tucsons and Sorentos seem to be everywhere. In Mosul, ISIS fighters had removed exterior body panels in order to mount flat, bullet-deflecting iron panels, often adding tire-protecting fender skirts. So heavy is the makeshift armor that in many cases the crossovers bear a striking resemblance to a Civil War gunboat or WWI armored car. (Or, in more lightly armored guise, a retro-futuristic vehicle from the Fifth Element.)
A Kia representative, speaking to Business Insider, claims the vehicles at its two Mosul dealerships were removed before ISIS overran the city in 2014. This suggests ISIS stole the vehicles from civilian ownersÂ â€” a theory backed up by the models’ vintage. All captured Hyundai and Kia vehicles seem to date from 2012 to 2014, which jibes with the time period Hyundai and its sister marque operated their Mosul dealerships.
via The Truth About Cars http://ift.tt/Jh8LjA
June 29, 2017 at 01:40PM
Trump lobs attack at 'low I.Q.' Mika Brzezinski says 'Morning Joe' host was 'bleeding badly from a face-lift' at Mar-a-Lago
Trump lobs attack at 'low I.Q.' Mika Brzezinski, says 'Morning Joe' host was 'bleeding badly from a face-lift' at Mar-a-Lago
Would-be Tesla rival LeEco's billion-dollar troubles 'far worse than expected'
HONG KONG - LeEco's cash problems are "far worse than expected," and the money raised in recent months are unexpectedly not enough to help the Chinese technology conglomerate ride out the crunch, its chairman, Jia Yueting, said on Wednesday.
LeEco, one of China's most ambitious companies, which grew from a Netflix-like video website to a business empire spanning consumer electronics to cars within 13 years, is struggling to support its goals that include beating Elon Musk's Tesla Motors in premium electric vehicle making.
Its billionaire founder and CEO Yueting has previously said the firm was battling a cash crunch after expanding at an unprecedented rate.
Earlier this year, Jia thought the company had found an answer to its cash problems when Chinese property developer Sunac agreed to invest 15 billion yuan ($2.21 billion), including 9 billion yuan into LeEco's non-listed entities.
"We had thought some 9 billion yuan for the non-listed units would have been able to solve all the problems, the result obviously did not meet our expectations," Jia said at the annual shareholder meeting of the group's main listed unit, Leshi Internet Information & Technology Corp.
"Since October, we took some measures and made some mistakes, but LeEco's non-listed units' finances got tighter. This is what we discovered over two-to-three months," he said, a company transcript of the meeting held in Beijing shows.
LeEco will need to further consolidate its non-listed units in the next two-three months, "dispose of some fixed assets and even equity assets" in order to combat what Jia described as "a second cash crunch" from April.
He added that although LeEco had paid back some 15 billion yuan in debt, including loans under his name, the company still did not have enough funding support.
Choosing to repay debts instead of refinancing operations had hurt the company's ability to get back on track, Jia said.
On business plans, LeEco's car unit - which Jia described as the number one source of LeEco's financial troubles - is seeking to complete round-A financing and start production as soon as possible, Jia said. The company also plans to strengthen its smart TV business under a strategy centered around larger-screen products, though Leshi chief executive Liang Jun said the TV industry in China in the first half of 2017 saw the worst sales declines in nearly a decade due to rising panel costs, with sales down around 20 percent during the May holiday season.
Leshi had income receivables of 9.5 billion yuan as of the first quarter, representing 28.4 percent of its total assets of 33.6 billion yuan, according to its financial report. Chief Financial Officer Zhang Wei said the company aims to lower that ratio to below 20 percent and reduce the receivable account by around 3 billion yuan.
Reporting by Sijia Jiang
via Autoblog http://www.autoblog.com
June 29, 2017 at 01:19PM
Royal Industry News
Top news stories about the automotive industry. And, news from around the world.