The Mustang Mach E, Ford’s newly unveiled electric car, is an SUV with a lot riding on its struts.
The Future in Now Ford Motor Company is betting big that its redesigned, futuristic, sporty, high-performance electric car will sell a lot better than their more utilitarian (read boring) electric cars like the battery-run Focus compact car.
Name that Car When you think “Mach E” consumers should immediately think about “Mach 1” versions of the Mustang sports car, offered by Ford at different times through the years.
Money is No Object? Ford is going to sell the Mach E at a base price of $43,000. Buyers will be able to choose from three variants of the car: Select, Premium and First Edition. Next year Ford is promising a “California Route 1” version and a bit later they are hoping to introduce a high-performance GT model.
Batteries are Included Ford announced that the Mach E battery will go for 230 miles before needing a charge. Extended range models are aiming for 300 miles per charge. This compares well with competitor Tesla’s Model Y sport utility, which has a 300-mile range for its rear-drive versions, and a bit less for its al-wheel drive performance models.
Speed Racer? Ford’s goal is to get the Mach E from 0 to 60mph even faster than the least expensive Porsche Macan SUV. The GT version of the Mach E is aiming for an acceleration target of the “mid-3-second” range. This compares favorably with the Porsche 911, according to Ford.
Full-Screen Dashboard The Mach will come equipped with a 15.5-inch screen. Tesla’s Model 3 comes with a 15-inch screen. The screen will offer a new generation of its Sync infotainment software that gets its updates through the air, just like a Tesla.
Its Great. When Can I Get Mine? Consumers can already place their orders. Beginning on November 17, 2019, customers just need to hand over $500 as a deposit to secure their order. The cars should begin arriving by the end of next year.
Music producer BMG (Bertelsmann Music Group) is moving to larger digs just up the street in Los Angeles. In keeping with their preference for having everything under one roof, BMG is moving into a two-floor, 30,000-square-foot space at 5670 Wilshire Boulevard. The new location is just seven blocks east of their old location, 6100 Wilshire.
Currently BMG has 135 employees in Los Angeles, but they plan on growing this coming year.
BMG launched a new facility two months ago in Nashville. The new space brings together the company’s publishing business, as well as its copyright and loyalty divisions under the name BBR Music Group, located at 1 Music Circle South.
In addition, BMG opened a new office in New York at 1 Park Avenue only one and a half years ago.
The new Wilshire office will be the home of the company’s west coast publishing and recording teams, its synch and licensing, film and books groups, plus BMG Production Music.
“Los Angeles is our largest-grossing operation in our largest market, and this marks another significant investment in our fast-growing US business. It is consistent with BMG’s philosophy – all our services under one roof, operating off the same platform, and taking a global perspective.”
BMG was founded in 2008 and headquartered in Berlin, Germany, the same week Spotify launched. It began with only three people in one shared office. By 2019 BMG has 15 offices in 12 countries with 850 employees.
The monthly jobs report for October 2019 showed a slowdown, falling to a seven-year low for new hires. In addition, fewer employees are raising wages. Only 20% of companies surveyed by the National Association for Business Economics said companies have taken on new workers during the last three months.
In July of this year closer to one-third of companies hired more workers. Octobers figures are the lowest they have fallen since October 2012.
The data comes at a time when many businesses are reporting that sales growth and profit increases are slowing down. Many economists predict that the economy will grow more slowly during 2020, partly due to rising tariffs which force companies to raise prices, which reduce sales.
In addition, companies may worry over an economy perceived as weakening, causing them to refrain from hiring new workers, offer higher salaries, or otherwise invest in growth.
About 67% of economists that took the survey predicted that the economy will grow at about 1.1% to about 2% from Q3 2019 to Q3 2020. Last year economists guessed that the economy would grow between 2.1% and 3% from Q3 2018 to Q3 2019.
The candy business truly booms for Halloween. It is expected that this year over 160 million Americans will be spending about 2.6 billion dollars just on candy for this arguably bizarre sort of holiday. This story does not consider the other accessories one needs to ‘celebrate’ this day in style, such as: costumes ($3.2 billion), decorations ($2.7 billion), and party paraphernalia.
Kids bring home from their “trick-or-treating” adventure an average of between 3,500 and 7,000 calories worth of candy. If they at all that loot, a 100-pound child would need to walk for 44 hours or play full-court basketball for 14.5 hours to work of all those extra calories. Parents might want to think about the size of the loot bag they send with their little ones. One pillowcase can hold a mind-boggling almost 1,700 pieces of candy. Better off with a sandwich bag.
About half of the US population, or 163 million people, celebrate Halloween, and 95% of the entire population of 327 million go out and buy candy.
Another way to look at all the candy that is purchased during Halloween is to imagine “six Titanics” worth of candy in weight, which would come out to over 300,000 tons. That’s a lot of pillowcases. That is an unbelievable 2 pounds of candy for every American, man, woman and child. In addition to all this candy, which includes candy corn kernels, lollypops, and other sugary treats, 90 million pounds of chocolate are also purchased by consumers during the week of the Halloween sugar storm. An no wonder. Also, chocolate was the favorite Halloween treat among 70% of respondents, followed by candy corn, chewy candy and gummy candy.
As incredible as all this candy consumption sounds during Halloween, even more candy is sold in the US during Easter.
FedEx Corp’s subsidiary, FedEx Freight announced it will be expanding its pilot Direct e-commerce pilot program to 80% of the population living in the contiguous United States.
The service offers delivery of large items like furniture, appliances, and other bulky products, known as “less-than-truckload” or LTL, right to the consumers domicile or businesses.
“Today’s consumers are just as comfortable purchasing a television or sofa online as they are groceries or books,” said Brie Carere, FedEx executive vice president and chief marketing and communications officer. “We’re seeing more oversized items move through our global network. FedEx Freight Direct is critical to addressing these challenges as part of our growing e-commerce portfolio.”
Beginning in 2001 FedEx Freight has been offering fast delivery time or cheaper delivery with the understanding by costumers that they can trade one for the other, either saving time at the expense of higher cost, or saving money at the expense of longer transit time.
The Memphis-based company has 370 service centers with over 115,000 LTL shipments everyday in Canada, USA, and Mexico. They have 25,000 trucks moving the merchandise, and 45,000 employees.