Connect with us

Celebrities

Warren Buffett Buys 10 million GM Stocks

Published

on

GM headquarters

TM Hair Fibers Ad

While many critics remain pessimistic about GM‘s long-term prospects, particularly with regards to the prospects of the U.S. government recouping its full investment in the company, billionaire Warren Buffett sees things differently. The Oracle of Omaha is betting big on the General, having recently acquired 10 million of its shares.

The investment by Buffett’s Berkshire Hathaway, which amounted to $224 million at yesterday’s $22.40 closing price, represents a small portion of GM’s 1.57 billion outstanding shares, but having the backing of such an astute investor might go a long way in boosting its investment grade rating.

Buffett made his name and fortune by making big bets on companies he deemed undervalued. “It confirms the investment thesis that we’ve had on GM,” Morningstar analyst Richard Hilgert said. “We definitely see some value there, just as Mr. Buffett does, and hopefully this will draw a little more attention to the stock from investors.”

GM shares were trading at $33 when the company first went public in November 2010 after its short stint in bankruptcy.

Reference: USA Today

Continue Reading
Advertisement TM Hair Fibers Ad
Click to comment

Celebrities

Check Out Andy Murray’s New Jaguar I-Pace

Published

on

Andy Murray Jaguar iPace electric SUV

TM Hair Fibers Ad

Two-time Wimbledon champion Andy Murray has gone electric, fulfilling a promise he made a few months earlier.

Murray made a commitment to “go electric” and become one of the first Jaguar I-Pace customers on World Environment Day, and he wasn’t kidding. Panasonic Jaguar Racing driver and fellow WWF ambassador Nelson Piquet Jr. delivered him an I-Pace at his training camp just in time for World Environment Day on June 6. He stated:

“It’s important we all take small steps to live a more sustainable life and think about the actions we can make to look after our planet. This is one of the reasons I’m making the switch to driving Jaguar’s new all-electric I-Pace. It’s clean and safe, but also has the world class design and sports performance that suits my lifestyle.”

Unlike the Chevrolet Bolt and Nissan LEAF, the Jaguar I-Pace is proof that you don’t have to sacrifice power or performance when you switch to electric. In addition to looking athletic, it’s fast and can travel up to 240 miles (386 km) on a single charge.

Continue Reading

Celebrities

Kia Niro EV Concept Previews Kia’s Long-Range Electric CUV

Published

on

Kia Niro Electric Crossover Concept

TM Hair Fibers Ad

For those that like or are even considering getting the Kia Niro plugin hybrid, but want more electrification, the Kia Niro EV Conept is a preview of what’s to come.

Unveiled at the 2018 Consumer Electronics Expo, the full-electric crossover is just a concept, but Kia has already stated a specific range of 238 miles (383 km), which, as it turns out, is the exact same range that the Chevrolet Bolt EV launched with. A coincidence? The Korean automaker isn’t the type to play games, so likely not.

The elimination of an international combustion engine renders a traditional grille unnecessary, with the Niro EV featuring a smooth interactive display panel instead. It is powered by powered by a next-generation electric vehicle powertrain that pairs a 64 kWh lithium-polymer battery pack with a 150 kW electric motor.

Designers opted for a minimalistic interior boasting new technologies, including an advanced pedestrian warning system that uses multiple front-view cameras, object-recognition technology and front speakers to detect and alert pedestrians or cyclists of the car’s presence. The system also uses the grille-mounted display to provide visual communication.

The production Kia Niro EV will be one of the first long-range crossovers available when it launches, as well as just one of 16 new green vehicles that Kia will introduce by 2025, including a new hydrogen-powered, fuel-cell electric vehicle sometime in 2020.

Continue Reading

Celebrities

Guess Who Got A Lamborghini Huracan? The Pope!

Published

on

Pope Lamborghini Huracán Supercar

TM Hair Fibers Ad

As the “holiest of holy men”, Pope Francis has been living big and is often the recipient of some rather lavish gifts. Lamborghini for one gave him a brand-new, custom-designed Huracán LP 580-2 supercar!

Finished in Monocerus White with Tiberio Yellow accents all around — the official colors of the Vatican — the rear-wheel drive, 580-horsepower Huracán was handed over to the Pope in a special ceremony held in Vatican City.

Someone of such stature doesn’t much use for an Italian supercar, not to mention Vatican City is far too small and crowded for crazy speeds and drifting. He appears very content with his 1984 Renault 4 anyways.

Instead, Pope Francis sent his Lamborghini Huracan to be auctioned off, with the proceeds going to three sperate charities.

A base price of approximately $200,000 makes the Huracán 580-2 the most affordable Lamborghini. However, the fact that this example has been signed and blessed by the Pope has undoubtedly shot its value through the roof.

Still, just imagine driving on the Nurburgring and seeing Pope Francis speed by you in a Lamborghini…

Continue Reading
шины goodyear цена

круассаны из готового слоеного дрожжевого теста

Copyright © 2019 FbaPPs

TM Hair Fibers Ad