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The unconventional challenger brand unveiled the new CUPRA Formentor and CUPRA Leon, redesigned and enhanced to continue the success story.<br/><br/>The new CUPRA Formentor arrives to build on the great success the Crossover SUV has already achieved. The CUPRA Formentor is the company’s bestseller and becoming an icon of the brand. In a competitive A-CUV market, it topped the sales charts with 120,100 deliveries worldwide last year.Strong results for the first vehicle uniquely designed and developed for the brand.<br/><br/>The new CUPRA Leon delivers a strong character in both 5-door hatchback and Sportstourer variants at a time when the brand hits a new milestone.<br/><br/>n the first quarter of 2024, CUPRA delivered 56,600 cars, an increase of 21.4% vs Q1 2023, while March was the brand’s all-time record month with 23,800 deliveries.
CUPRA unveils the new CUPRA Formentor and CUPRA Leon - built to provoke strong emotions
⏲ 0:56 👁 2.5M
Stellantis reported a 12% year-over-year decline in first-quarter revenue, citing lower sales volumes and foreign exchange impacts. Vehicle shipments fell 10% to about 1.3 million units as the company manages inventory ahead of new product launches. Stellantis is transitioning its portfolio and will launch 25 new models this year, including 18 battery-electric vehicles. Four new models were introduced in the first quarter, with the company expecting \
Jeep-maker Stellantis Reports 12% Revenue Decline in Q1 Due to Lower Sales Volumes, Sees Improved Growth and Profitability in Second Half of 2024
⏲ 0:34 👁 1.4M
Apple is set to report second-quarter earnings on Thursday, with Wall Street watching closely for updates on iPhone sales. Shares of Apple are down over 10% year-to-date in 2024, facing challenges including weaker iPhone demand in China and increased competition. Many analysts are focused on Apple's \
Apple Shares Down 10% Ahead of Q2 Earnings Report as Investors Eye iPhone Sales Performance
⏲ 0:36 👁 1M
Restaurant Brands International is investing another $300 million to remodel around 1,100 Burger King locations in the US. This is part of RBI's broader $2.2 billion plan to revive the Burger King brand in the US through renovations by 2028. RBI previously invested $250 million in remodels and $150 million in mobile apps and advertising. RBI also bought Burger King's largest franchisee, Carrols Restaurant Group, for $1 billion to accelerate the remodel process. Remodeled locations have seen sales climb following an updated \
Restaurant Brands International Invests $300 Million to Revive Burger King with US Remodels
⏲ 0:41 👁 720K
California has reached a milestone of having one electric vehicle charging station for every five gas stations, with over 105,000 individual public or private EV chargers now installed. This helps advance California's goals as it moves towards its 2035 ban on new gas vehicle sales and leads the U.S. in EV adoption rates. California accounts for about one-third of all U.S. electric vehicle sales and has over 1.8 million zero-emission vehicles sold. The state recently approved a $1.9 billion plan to install up to 40,000 new public charging stations on its roads.
California Achieves Major EV Milestone as It Moves Towards Its 2035 Ban on New Gas Vehicle Sales
⏲ 0:38 👁 475K
Amazon reported first-quarter earnings that topped Wall Street estimates on revenue and earnings per share, sending shares up 2% pre-market. Amazon invests heavily in AI through its cloud business to gain an edge in this market. Advertising also grew 24% and matched estimates. Management sees customers as thoughtful spenders in the US and trading down. Guidance for the second quarter sales was slightly below estimates.
Amazon's Q1 Earnings Exceed Expectations, AI Investments, and Advertising Drive Revenue Growth
⏲ 0:29 👁 280K
Rhino Onward International, or ROI as it called itself, launched in 2022 with some big promises. The renewables development firm claimed that its “proprietary process and technology” put it in position “to assume the leading role in Green Hydrogen production.” The company said it was building a green hydrogen plant in Arizona that would be worth about $530 million within 5 years, according to marketing materials it shared with investors.<br/><br/>ROI raised $31 million from over 200 investors but apparently only invested $200,000 in the business; the firm’s promoters Paul Croft and J.D. Frost diverted the rest of the investors’ money to themselves and entities they control, according to an investor lawsuit filed in Illinois last month, which cited bank records obtained through subpoenas. Beginning in 2021 until last year, Croft, a 42-year-old entrepreneur living in Chicago, and Frost, a 40-year-old accountant based in Chattanooga, Tennessee, raised approximately $46 million from a series of phony renewables investment schemes, which the pair used to live extravagantly, pay employees at their tax advisory business, pay down short-term loans and even lend money to embattled professional hockey player Robin Lehner, according to allegations in lawsuits, bankruptcy filings, former investors and ex-employees of Croft’s and Frost’s businesses who spoke with Forbes on the record, and others with knowledge of the matter who spoke on the condition of anonymity in order to speak about sensitive information.<br/><br/>0:00 Introduction<br/>0:28 The Founding Of Rhino Onward International<br/>3:34 Who Was Scammed By Croft And Frost?<br/>6:11 Who Are Croft And Frost?<br/>9:21 When Did Investors Figure Out The Scam?<br/>12:17 Embellishing Wealth And Origin Stories<br/>14:26 What's Next?<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/04/23/anatomy-of-a-46-million-renewable-energy-swindle/?sh=767c07c23c4b<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Inside A $46 Million Renewable Energy Swindle
⏲ 15:41 👁 12M
Samsung Electronics' forecast is optimistic due to the AI market. The company plans to increase the supply of high-end memory chips to meet the growing demand. Samsung reported a significant increase in first-quarter operating profit, driven by a strong rebound in memory chips. Samsung's mobile devices business regained its position as the world's top smartphone vendor, with AI functions driving sales of its flagship Galaxy S24 smartphones.
AI Market Fuel's Samsung's Optimistic Outlook as It Aims to Boost Supply of High-end Memory Chips
⏲ 0:30 👁 830K
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