Can a car with a base price of $215,000 ー just about the same price of the average home in the U.S. ー be considered a "starter sedan"? If it's a Bentley, maybe.
The British luxury automaker, a subsidiary of Volkswagen, is celebrating its 100th year with an update to its Flying Spur model, which recently debuted among the world's rich and famous in Monte Carlo. Back in the U.S., Bentley Motors CEO Christophe Georges is thinking about the future of the iconic motor company.
Georges told Cheddar that going electric is "essential" to the company's future. As part of the anniversary celebrations, Bentley is showing off a new prototype for its first all-electric sedan, dubbed the EXP 100. Georges said the first fully electric Bentley will be in showrooms by 2025, with plug-in hybrid models arriving in 2023. That's a pivot, of sort, from Bentley, which has been slow to adopt electrification given its high-end customer base that demands performance and is not so concerned with the cost of gas.
As a British company, thought, there is a more pressing issue at hand for Georges: Brexit. He said Bentley, like other UK-based firms, has worked diligently to prepare for all scenarios, including "the worst possible case, which would be a no-deal Brexit." Bentley has built a new warehouse that Georges said will help it maintain its supply chain even in the event of a "crash out," which seems less likely now that a tentative deal has been reached.
Georges also said that the trade war between the U.S. and China has not impacted Bentley's operations, and indeed the company's growth in China has been "substantial," with 1 in 5 luxury cars on Chinese roads now carrying the iconic Bentley hood emblem, he said.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
You'll just have to wait for interest rates (and prices) to go down. Plus, this deal's a steel, the big carmaker wedding is off, and bribery is back, baby!
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
