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According to Suzuki, the stake is worth about ¥222.5 billion (€1.72 billion) and the Japanese firm "intends to invest up to one half of the amount received from Volkswagen into shares of Volkswagen." |
The two groups said they had "reached a common understanding to establish a close long-term strategic partnership" and a joint press conference was scheduled in Tokyo. |
"The alliance may accelerate a reshuffle of grouping of the industry. The global auto industry is now facing a turning point," said auto analyst Tatsuya Mizuno at Mizuno Credit Advisory. |
The alliance could create a broad sales network in Asia since Volkswagen already has a strong presence in China, while Suzuki is a big player in India, the Japanese daily Yomiuri Shimbun noted. |
"In terms of product portfolio, global distribution and manufacturing capacities, Volkswagen and Suzuki ideally complement each other," the statement said. |
VW has just bought 49.9 percent of the German luxury sports car maker Porsche and will acquire all of that company by 2011, making Porsche its 10th brand. |
The head of VW's supervisory board, Ferdinand Piech, has said he sees VW eventually owning 12 brands. |
Commenting on the alliance with Suzuki however, the statement said "both companies will establish a cooperative relationship while respecting each other's independence as a stand-alone entity." |
"The companies plan a joint approach to the growing worldwide demand for more environmentally friendly vehicles," it added. |
Mizuno said that "after ending its alliance with GM, Suzuki needed to find a strong partner in order to survive tough competition in the global market." The deal is therefore "really meaningful for Suzuki," he added. |
"The global auto industry was weathering the crisis and is now entering into a new stage," Mizuno said. |
The management of both firms said their complementary strengths make for a "perfect fit" that will rise to the challenge of the global car market. |
Investors cheered the news, as VW shares gained 2.14 percent to €80.58 in morning trading on the Frankfurt stock exchange. The DAX index of German blue-chips was 0.40 percent lower overall. |
KANSAS CITY, Kan. -- One man is dead after a shooting in a parking lot at 43rd Street and State Avenue in KCK. |
Police said they received a call around 2:20 p.m. Monday that a young man was shot. Officers arrived at the scene, where the victim was pronounced dead. |
It was an emotional scene, with dozens of investigators as well as grief-stricken loved ones, including Myrna Pearson, the victim's grandmother, who was visibly shaken. |
"They shot my baby," Pearson said. |
Pearson said her 21-year-old grandson Clarence Buford, who they called Trey, was a hard-working young man. Pearson said Buford worked for a General Motors contractor repairing automobile seats. |
The family said they can't believe he was gunned down. |
"So sad. So sad. Clarence's girlfriend was with him, and maybe she can let us know something or who she saw," Pearson said. |
Police said the victim's girlfriend, who witnessed the shooting, was very distraught. Investigators said she was taken to police headquarters to calm down before she is interviewed about the shooting. |
Police said so far they have no suspect information, but they're hoping cameras outside the shopping center will provide some clues that will lead to an arrest. |
This is KCK's 31st homicide of the year. |
Candice Swanepoel is the perfect model to show off the swimwear collection of the brand Tropic of C, of which she is the CEO and creative director. The South African beauty often takes to the brand’s Instagram page to promote its pieces — as well as her own, which is what she did on Tuesday. |
The Victoria’s Secret model took to the popular social media site to share a couple of snapshots featuring herself in bikinis, including one in which she is rocking a fiery red thong that puts her booty on full display. In this particular shot, the 30-year-old model is sitting on the shoulders of her friend and profess... |
Swanepoel is rocking a string bikini bottom that sits high on her hips, highlighting her perfect figure. She teamed it with a matching red top that is partially hidden by the way she is posing but shows a few strings that tie on her back. Swanepoel is wearing her blonde hair up in a top knot that makes her look casual ... |
While Swanepoel didn’t indicate where she and Bravin posed for the shot, the photographer added geotags in some of his recent Instagram posts that feature the model, suggesting that the pair are enjoying some sun-filled days in Tulum, Mexico. |
The photo, which Swanepoel shared with her impressive 13 million-plus Instagram followers, racked up more than 134,000 likes and over 340 comments within just a few hours of having been posted. Users of the social media platform who are fans of the Angel flocked to the comments section to praise Swanepoel’s beauty and ... |
“This is pure beauty,” one user wrote. |
“Forever and always queen,” another one chimed in. |
As Fashionista shared last year, Swanepoel launched Tropic of C in early 2018. The collection features an edited selection of classic silhouettes in a variety of muted and neutral colors, the report detailed, adding that its pieces are meant to be worn with or without items of clothing, like high-waisted jeans or maxi ... |
Q. We recently bought a lovely but slightly clouded-looking old painting at an auction. How do we get it cleaned or restored? |
The Chicago Conservation Center restored this 19th-century English painting, a family heirloom, by treating the peeling, discolored varnish. |
A. You take it to a painting conservator, who will examine it and write up a proposal, usually free of charge. You will have to leave the painting with the conservator for this initial consultation, because examining a painting involves testing small, inconspicuous areas with solvents to see how the painting reacts, an... |
“First we figure out if it’s worth doing,” says Rick Strilky, owner of Rick Strilky Fine Art Restoration (4225 N. Lincoln Ave., 773-477-0005). He points out that paintings have layers, like an archeological site, and you need to decide which layers you want to deal with. “Let’s say it has a dirt layer on top, then varn... |
Heather Becker, CEO of The Chicago Conservation Center (730 N. Franklin St., 312-944-5401; chicagoconservation.com), agrees that a cleaning can start at about $300 but go up into the thousands of dollars, depending on the extent of the damage. Like Strilky and Baumgartner, the Conservation Center serves museums, univer... |
We weren't completely surprised to get a knockout look from Sofia Vergara on tonight's red carpet. The bombshell has a way with curve-conscious silhouettes and megawatt jewels, as evidenced by her form-flaunting emerald-green Herve Leroux gown and stunning Lorraine Schwartz statement necklace and earrings. It may not b... |
Vote on all of our CFDA polls here! |
As Jim Dennison from the Simon Community outlined the extent of the poverty and homelessness in Belfast, the younger players were clearly taken aback. Jim had joined the street sleepers at Cornmarket in the city to thank the group. I asked him to talk about the scale of the problem. |
The Simon Community has 110 beds in their city hostels. They are supposed to be emergency beds. Twenty five years ago, this is what they were. So, in the mid-1990s, the average length of tenancy of a room in the Simon was ten days. Today, the average tenancy is 13 months. It is no longer emergency accommodation. It is ... |
Twenty five years ago, houses and flats were affordable for everyone. This is because the unwritten social contract in those days was that a house was a place for human beings to live. But towards the end of the '90s, homes became a commodity to be traded like any other. Suddenly, the places where human beings were she... |
Hedge funds and investors began buying up vast swathes of houses to add to their portfolios. The people who lived in houses, giddy with excitement, sold them at a profit and moved somewhere cheaper. The intrinsic worth of a house, its social purpose, were irrelevant. The only question was: How much can I get for it? As... |
When I went to Trinity College in 1987, I visited the Caffreys on Iona Road with my parents. Mae is the mother of John Caffrey, the Dublin footballer from the 1983 All-Ireland champions, and Paul, the Dublin manager before Pat Gilroy. She urged my folks to buy the house next door. It was a fine, five-bedroom red-brick ... |
As house prices became perverse, houses soon became unaffordable for large numbers of our citizens. With fewer and fewer people owning more and more of the houses, people were forced to rent. As the problem worsened, rents quickly became more or less unaffordable. |
In the North, the government initiative that allowed Housing Executive tenants to buy their home was the final chapter in this grotesque tale. The tenants bought them cheap, then sold them on, on the basis of the illusion that they had made a great profit. Then they bought somewhere else slightly cheaper, only to find ... |
Overnight, the Northern Ireland government washed its hands of its responsibility to provide homes for those in need. Public housing disappeared. It is the same story in the south, where successive governments sat back and let the market dictate. |
I had a case last week involving a couple and their two young children. They have a total income of £242 per week. Their rent is £600 per month. They are living in poverty. They are visiting food banks. The parents are eating as little as possible to make sure the children, aged six and three, do not go without. They a... |
It is a national disaster. Jim Dennison told us last Saturday in Cornmarket that there are 80,000-100,000 homeless people in the North alone. I could see Chrissy McKaigue shaking his head in disbelief. |
Throughout one freezing Saturday night and Sunday morning, a group of GAA volunteers got a glimpse of an invisible world. John came over to say hello at around 4.0 in the morning. He was licking his lips repeatedly. "Heroin?" I said. "Aye, I'm so dry. I've none left now so I'll be very sick tomorrow." |
He told us a very funny story about his ex-wife. A lot of homelessness begins with the break-up of a relationship. One person has to leave the home and suddenly they are on the street. Unless you can escape it quickly, the street swallows you up. But escaping is very difficult. |
The despair and misery can be temporarily banished with a heroin injection or a handful of diazepam tablets. Or a half-bottle of vodka. Assaults are a constant danger. I spoke to one man in the doorway of Marks & Spencer whose face was badly cut. I asked him if he ever shopped in M&S. He laughed. As I was kneeling besi... |
We sat with 'M', a 20-year-old kid who was taken from the family home by Social Services because of parental violence. After a series of care homes, he managed to get a job and a flat. When he was laid off six weeks ago, he lost the flat. His sleeping bag was soaked. Dermot Dowling, the St Brigid's chairman, gave him a... |
Conor McConville from the Lámh Dhearg club commented about five in the morning that the length of the days would get him. He is right. The night, without sleep or warmth, lasted an eternity, even though we were in a big, jolly group and knew we'd be going home in the morning. |
The GAA is wasting its power. We have huge financial, social and political clout. We do not wield any of it. We own the politicians, particularly in the south, where the majority of them can only be elected if their GAA constituents back them. Yet we have no coherent strategy. We do not even have a lobbyist in the Dáil... |
At around 6.0am last Sunday, 'M' stood up and announced he was going to McDonalds for some breakfast and to warm up. As he said goodbye and walked off, I found myself trotting after him. "Kiddo, wait up. Come and live with me for a while, until we can get you settled." "You sure?" he said. "Yes." |
After he had slept soundly then eaten like a horse, he put up Christmas decorations with my kids, threading baubles and weaving lights around the hedges, his face shining. He left the house on Friday morning for a job interview, wearing one of my suits. He is 5ft 6in. The suit drowned him, but he was proud as punch. |
On Friday evening he arrived back in triumph, with his new, freshly pressed work uniform. He'll find out from day to day whether he is working, by accessing the company website with a password. A government spokesperson will explain that a zero-hour job contract gets you on the employment ladder. Maybe he could explain... |
THE situation on “American Idol” is really getting hairy. |
The much-maligned Sanjaya Malakar, who stunned viewers last week by sporting a funky Mohawk-type hairdo, is alive and well on “Idol” for at least another week after Illinois native Gina Glocksen, 22, was booted off last night’s show. |
“Thank you so much for letting me do this and get this far,” a tearful Glocksen said to her fans after watching a video montage of her time on the show. |
Glocksen’s departure leaves eight contestants battling for the “Idol” crown, including Malakar, 17, who’s inspired both admiration and derision among fans for his questionable singing talent and ever-changing hairstyles. |
Malakar has been this season’s lightning rod. A huge grassroots campaign to keep him on the show, including support from radio shock jock Howard Stern, has polarized the “Idol” fan base into pro- and anti-Sanjaya camps. |
While it was Glocksen who got the boot, her fellow contestants Haley Scarnato and Phil Stacey were the lucky ones since they were this week’s other two bottom-dwellers in terms of viewer votes. |
Some 33 million votes were cast by “Idol” viewers this week, making it the most so far cast this season, according to show host Ryan Seacrest. |
This week, the “Idol” contestants were coached by legendary crooner Tony Bennett, who was scheduled to perform last night, but had to cancel his live appearance because of the flu. |
Bennett was replaced by the chart-topping Michael Buble, who sang a Bobby Darin-inspired version of “Call Me Irresponsible.” Buble’s new album is due out May 1. |
“Idol” returns Tuesday for its next performance show. Another contestant will be voted off the show the following night. |
The show, now in its sixth season, remains TV’s top-rated show, regularly snaring 30 million viewers. |
THE LOCAL unit of the National Students Union of India (NSUI) today held a demonstration at the Roshanpura Square protesting the warning issued by Bajrang Dal on New Year celebrations. The NSUI demanded action against persons who incited communalism and fear among the common people. |
The NSUI said that 40 members of the organisation would keep a vigil on the entire district and inform any unsavoury activity noticed to the police headquarters. The NSUI has also decided to request the DGP to make wide security arrangements in the capital and other parts of the State in view of the warning issued by t... |
The organisation said that despite this demonstration to attract attention of the authorities towards threat perception, if any unpleasant incident occurs, the entire responsibility would be on the State Government and police department. |
Players lead their junior soccer league team with Olympic gold medalist Mia Hamm as coach. |
Olympic gold medalist Mia Hamm coaches a young junior soccer girls league in Imagine Soccer Captain. Your team is lead by a customizable player captain with adjustable eye color, body build, hair color and height. After completing the initial sign up sheet and team tryouts, which can be played out or skipped, players c... |
Player management tools include three save files as well as three main mode menu tabs. Players can track personnel and traits in the My Players, Team and Roster folder tabs, while checking on current schedule, standings and trophies in the third folder tab. |
Being a leader of four other teammates does not come without some baggage though. Teammate Lola has some confidence issues while Sasha has a bad attitude, though she and competing team members eventually experience consequences, which change their sometimes intimidating behavior and promote the three main themes: sport... |
Developers present realistic, role play-like situations players would actually encounter. Players can also learn new skills, which can also apply in actual soccer matches. Characters emit blue minus signs for negatives or yellow stars for positives. Need to improve the team mood? Try the training mode practice or, bett... |
Players can also achieve sponsor support, which unlocks additional clothing options like shoes, logos, accessories, shirts and shorts. Several off-field events, within a five-season maximum story mode, also factor into the gameplay. As the team gels, these events include television shows and other important team activi... |
The touch functions include selecting square sequences on the stylus to prevent goals and flicking the stylus in the target direction to score a goal. Lead movement and actions work smoothly through the stylus. Players can also use the buttons if needed, which also accommodate left-handed players. |
Players can choose game length, stadium, difficulty and statistic equalization in each game, but the overall challenge level is relatively low. Experienced players should have no problems dribbling through opponents. The appealing role-playing, management, and simulation elements in the simplified five-player format ke... |
Imagine Soccer Captain is rated E (Everyone) by the ESRB for Mild Language. |
Breaches related to open source components in applications have soared by 50% since 2017, according to a new study from Sonatype urging developers to adopt DevSecOps practices. |
The security vendor polled over 2000 IT professionals to compile its 2018 DevSecOps Community Survey. |
The findings chime with a Sonatype study in March which found that one in eight open source components downloaded in the UK last year contained known security vulnerabilities — a 120% year-on-year increase. |
It also echoes a new CA Veracode report, which claimed last week that only 52% of global developers update open source components when a new vulnerability is announced. |
Overall, one in three respondents to the Sonatype study had or suspected a breach due to web app vulnerabilities in the past 12 months. |
The report revealed a need for automated application security testing to tackle cybersecurity issues and improve business productivity. |
For example, developers outnumber security professionals by 100:1, while 48% of respondents claimed they don’t have enough time to spend on application security. |
The good news is that DevOps seems to be a pathway to DevSecOps: those with mature DevOps practices are 24% more likely to have deployed automated security practices throughout their development lifecycle. |
What’s more, 59% of DevOps companies are building more security automation into their development process as awareness around GDPR compliance grows. |
Overall, the use of DevSecOps practices grew 15% among respondents. |
Wearable tech is staging a vanishing act. |
That's not to say that there you can't find any new products here at CES in Las Vegas. |
In fact, the show floor is packed with me-too fitness tracking bracelets, cut-price touchscreen smartwatches and strap-on heart rate monitors. |
But a select number of exhibitors is attempting to sell products that do not flag the fact the wearer is sporting a gadget. |
AmpStrip is a case in point. The heart rate and activity tracker is designed to be stuck to the wearer's torso like a plaster and left there for seven days at a time, hidden from view. |
"Once you're done and want to remove it, you can peel it off like a Band-Aid, [and then recharge it], put another adhesive on it and put it back on," explains Dave Monahan, chief executive of its maker FitLinxx. |
"I truly believe we are not going to win the wearables war or be successful unless the product is invisible and kind of fades into your life. |
"Our use case is an athlete trying to train for an event, and they want 24/7 information but not something that's going to get in the way." |
The Lechal haptic inner soles are another example. Made by an Indian start-up, the kit links up to a smartphone via Bluetooth and vibrates under the wearer's feet to provide notifications. |
These include fitness-related alerts - triggered, for example, when an internet-paired rival runs faster - or directions, by buzzing the relevant foot. |
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