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Auto Blog
06-06-2025
- Automotive
- Auto Blog
Maserati and Alfa Romeo Plot Revival Amid Sales Decline
Stellantis' premium Italian brands aren't looking great, but its new CEO, an Italian, is backing up a turnaround plan. Uncertainty Amid Two Iconic Italian Brands Maserati and Alfa Romeo share a great deal of history; these two iconic marques are two of the hottest names in the premium segment. But things have become lukewarm for both brands, with uncertainty lying in their future within the Stellantis umbrella. With sales declining, Italian production plunging, and no new products on the horizon, Maserati is currently stagnant with no clear path forward. The same goes for Alfa Romeo, which is also having issues with its best-selling SUV. 0:08 / 0:09 Walmart is selling a 'heavy duty' $89 step ladder for $48, and shoppers say it's 'sturdy and secure' Watch More Needless to say, both Italian marques are in dire need of a concrete turnaround plan. It's happening soon, according to Maserati and Alfa Romeo CEO Santo Ficili, just in time for the appointment of Stellantis' new CEO, Antonio Filosa, who will start his regime on June 23, 2025. Business Plan In Place And Will Be Revealed Soon In an interview with Reuters, Ficili said that Maserati will reveal a business plan, just as soon as Filosa steps up to the plate. He's quite optimistic about the future of the brand and confident that Filosa, an Italian national, will back whatever is in place for the iconic marque. He also denied that Stellantis is planning to sell Maserati – a rumor that circulated last year but has been refuted since. 'We have clear ideas about what we want to do, we hope we can be ready very soon. Let's wait for Antonio to take up his job,' Ficili told the publication. He shared that new products are on the horizon, along with restructured relationships with dealers and improvements to its service network. Ficili added that all Maserati models will continue to be designed, engineered, and manufactured in Italy – a bold move, considering the current tariff woes in the U.S., where a substantial portion (30%) of the brand's sales come from. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Alfa Romeo Also In Review But what about Alfa Romeo? Ficili, also the head of Alfa Romeo, has confirmed that Stellantis will review its strategy, too. He didn't share further details about this, as it seems like the automaker is focusing on Maserati first. We should know more by the end of the month. Alfa Romeo is currently struggling, not only with sales but also with the development of its upcoming products. Specifically, the next-generation Stelvio, Alfa's best-selling model, is in doubt since the company backpedaled from its full-electric lineup strategy, now heading to a hybrid path. However, a new post today suggests something new will be revealed next week: Of note, 15% of Alfa Romeo's sales are from America, the world's second-biggest automotive market. Again, tariffs will play a significant role in both automakers' business plans, for which Stellantis hired the consulting firm McKinsey. About the Author Jacob Oliva View Profile
Time Out
20-05-2025
- General
- Time Out
2023
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The Verge
14-05-2025
- Entertainment
- The Verge
SoundCloud changes its TOS again after an AI uproar
Music-sharing platform SoundCloud is saying it 'has never used artist content to train AI models,' and that it's 'making a formal commitment that any use of AI on SoundCloud will be based on consent, transparency, and artist control.' The update comes several days after artists reported that changes made last year to its terms of use could mean it reserved the right to use their music and other content to train generative AI tools. 'The language in the Terms of Use was too broad and wasn't clear enough. It created confusion, and that's on us,' writes SoundCloud CEO Eliah Seton. The terms that SoundCloud is currently using were updated in February last year with text including this passage: In the absence of a separate agreement that states otherwise, You explicitly agree that your Content may be used to inform, train, develop or serve as input to artificial intelligence or machine intelligence technologies or services as part of and for providing the services.' But Seton says that 'in the coming weeks,' that line will be replaced with this: We will not use Your Content to train generative AI models that aim to replicate or synthesize your voice, music, or likeness without your explicit consent, which must be affirmatively provided through an opt-in mechanism. Seton reiterates that SoundCloud has never used member content to train AI, including large language models, for music creation or to mimic or replace members' work. And, echoing what a SoundCloud spokesperson told The Verge in an email over the weekend, Seton says if the company does use generative AI, it 'may make this opportunity available to our human artists with their explicit consent, via an opt-in mechanism.' Ed Newton-Rex, the tech ethicist who first discovered the change, isn't satisfied with the changes. In an X post, he says the tweaked language could still allow for 'models trained on your work that might not directly replicate your style but that still compete with you in the market.' According to Rex, 'If they actually want to address concerns, the change required is simple. It should just read 'We will not use Your Content to train generative AI models without your explicit consent.'
New York Post
14-05-2025
- Sport
- New York Post
A single ping pong ball separated the Nets from Cooper Flagg, so now what?
Monday night's NBA Draft Lottery results — the Nets' season-long tank resulting in just the No. 8 overall pick — was like a punch in the gut to the team's fans. It's a blow they probably should have seen coming. But that doesn't mean it will hurt any less or they'll get over it any quicker. After Nets general manager Sean Marks and team governor Joe Tsai made the difficult decision to rebuild — trading away Mikal Bridges and reacquiring their own natural 2025 and 2026 first-round picks at great cost — they suffered through a tough 26-56 season to earn the sixth-best odds to win the lottery. Follow all the basketball buzz in Brooklyn Sign up for Inside the Nets by Brian Lewis, exclusively on Sports+. Thank you Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Enjoy this Post Sports+ exclusive newsletter! Check out more newsletters The odds didn't pay off. The Nets' fall to eighth not only ended any shot at Cooper Flagg, but the lottery results hurt any trade offer they could make for Giannis Antetokounmpo while simultaneously helping any potential Spurs package.
New York Post
05-05-2025
- Business
- New York Post
Bill Ackman demands Harvard fire ex-Obama official Penny Pritzker from governing board: ‘Time for a change in leadership'
Billionaire investor Bill Ackman is again taking aim at Harvard University — this time demanding the removal of Penny Pritzker, a former Obama official and leading Democratic donor, from the school's top leadership over its handling of a high-stakes conflict with President Donald Trump. Ackman, a Harvard College and Harvard Business School alumnus who went on to found the hedge fund Pershing Square Capital Management, told CNBC on Monday the university should have negotiated with the Trump administration rather than filing a lawsuit over its threatened loss of federal funding. He specifically blamed Pritzker, who is currently senior fellow at Harvard Corporation, calling her stewardship of the university's finances and broader mission a failure. Advertisement 5 Bill Ackman, the billionaire hedge fund manager and Harvard alumnus, is demanding that his alma mater boot Penny Pritzker from its governing board. Patrick McMullan via Getty Images 'The mismanagement here is Penny Pritzker,' Ackman said. 'It's time for a change in leadership in the board at Harvard.' Harvard sued the federal government last month, accusing it of unlawfully suspending more than $2 billion in funding after the university declined to comply with a series of demands that the Trump administration says were aimed at curbing antisemitism on campus. Advertisement The lawsuit argued that the government's requests — related to diversity initiatives, faculty hiring, student discipline, and governance structures — were unconstitutional and amounted to political interference in academic freedom. Ackman, however, suggested Harvard's response was combative and counterproductive. 'They should have acknowledged that Trump made some good points,' he said. 'And looked to strike a deal with the president.' 5 Penny Pritzker, a former US commerce secretary during the Obama administration, has served as senior fellow of the Harvard Corporation since July 2022. Getty Images for Semafor Advertisement Ackman said it would be 'fair' for Harvard to lose its tax-exempt status, citing the university's perceived political bias. 'Harvard became, over time, a political advocacy organization for one party,' he said. 'When a university goes from being a university to becoming a political advocacy organization, it doesn't deserve nonprofit status.' Despite that criticism, Ackman added, 'I want Harvard to succeed,' and said he does not ultimately believe the school will lose its tax exemption. Keep up with today's most important news Stay up on the very latest with Evening Update. Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters Advertisement The comments mark the latest escalation in a bitter and ongoing feud between Ackman and the university he once proudly supported. His public criticism of Harvard began in October 2023 following the Hamas attack on Israel, when the school faced national scrutiny over how it responded to pro-Palestinian student protests. Ackman, who is Jewish, accused the university of moral cowardice and called for accountability from its leadership. He later advocated for the resignation of then-Harvard President Claudine Gay, who ultimately stepped down in January 2024. Now, Ackman's attention has turned to Pritzker, who has served as senior fellow of the Harvard Corporation since July 2022 — the first woman to hold the powerful post. 5 Ackman thinks Harvard erred in resisting demands from President Trump to take measures aimed at curbing antisemitism. AP A billionaire heiress to the Hyatt hotel fortune and a longtime Democratic donor, Pritzker is also the sister of Illinois Governor JB Pritzker. She has deep ties to the university, having served on the Board of Overseers before joining the corporation in 2018. As senior fellow, Pritzker oversees the corporation's key responsibilities, including managing Harvard's endowment, guiding long-term strategy and leading presidential search efforts. Advertisement 5 Harvard has filed suit against the Trump administration after it suspended $2 billion in funding. AP She played a central role in the appointment of Gay and has remained in her position despite calls for a broader leadership overhaul in the wake of her resignation. The Pritzker family, a prominent Jewish dynasty with ancestral roots in Ukraine, has long been involved in both business and philanthropy. Penny Pritzker served as US secretary of commerce under Barack Obama and was appointed in 2023 by Joe Biden as economic envoy to Ukraine. Advertisement While the university has not commented publicly on Ackman's latest remarks, Harvard's legal filing last month stated that the government's actions posed a serious threat to academic freedom and the autonomy of higher education institutions. 5 Penny Pritzker is the sister of JB Pritzker, the Democratic governor of Illinois. REUTERS The case has become a flashpoint in a broader national debate over political influence on university governance, diversity programs and free speech on campus. Ackman has become an increasingly vocal figure in debates over higher education and corporate governance. Advertisement His high-profile clashes with Harvard have polarized alumni and donors, with some rallying to his side and others accusing him of undermining institutional independence. The Post has sought comment from Harvard.
