Connect with us

Published

on

General Motors retained its crown as the top-selling automaker in the US in 2023, edging past rival Toyota Motor, as easing supply snags and sustained demand drive the industry to its best year since the pandemic.

The Detroit automaker shrugged off a hit from a costly auto strike to report 2023 US new vehicle sales of 2,594,698 units, up 14.1% from last year, while Toyota’s annual sales rose 6.6% to 2,248,477 vehicles.

Automakers are expected to have sold a total of 15,499,224 vehicles in the US in 2023, the highest since 2019, when the industry reported sales of 17,044,011 vehicles, according to figures from consultant Cox Automotive.

The resurgence in sales comes after companies ramped up their production to keep up with sustained demand for new vehicles in 2023, though some analysts warn that high interest rates will take a toll on demand this year.

“High vehicle prices and high interest rates remain the industry’s Grinch right now, and that trend will continue into next year,” Cox said.

In a sign that demand is easing, car dealers had to offer generous incentives and discounts in December to clear older inventory after two years of holding back on promotions.

“This is the third consecutive year in which US consumers spent more than half a trillion dollars buying new vehicles,” J.D. Power said in a report last month.

Electric vehicles also grabbed a bigger share of consumer wallets.

Toyota said on Wednesday sales of electrified vehicles rose 30.4% to 657,327 vehicles, making up 29.2% of its overall US sales.

GM sold 75,883 EVs – of which 62,045 were Bolts and 13,838 were Ultium platform EVs.

The Detroit automaker expectsthe robust demand to carry over into 2024 andforecast total industry sales of 16 million units for the year.

Shares of GM were down but cut losses after itpostedfull-year sales.

The company also said it wouldoffer$7,500 incentives on its EVs that lost a US government tax credit this week.

Total US EV sales are expected to be about 8% of overall auto sales in 2023, with that number rising to around 10% this year, Cox added. But analysts say high interest rates are set to hurt EV demand as well.

“Sales of EVs are likely to continue to improve, just not at the astronomical rate the industry saw in years past,” AutoForecast Solutions said in a report.

Continue Reading

Entertainment

‘Epstein is rolling in his grave laughing’: Artist reveals why he photographed convicted paedophile – and Donald Trump

Published

on

By

'Epstein is rolling in his grave laughing': Artist reveals why he photographed convicted paedophile - and Donald Trump

Andres Serrano says he doesn’t set out to be a controversial artist – but he’s certainly proved to be one during his career.

The 75-year-old New Yorker first found fame (or infamy in the eyes of his critics) with one of the most notorious works of art in history – his 1987 photograph titled Piss Christ.

The depiction of a crucifix submerged in urine led to protests denouncing the image as blasphemous – and it was vandalised while on display in a French art museum in 2011.

“I don’t do work to be controversial,” he tells Sky News. “I do work that I feel like I need to do.

“For some reason, I’ve touched on many cultural things that have become cultural flashpoints.”

Andres Serrano spoke to Sky News
Image:
Andres Serrano spoke to Sky News

Now, two of Serrano’s most high-profile and controversial subjects for his artwork are dominating headlines around the world.

Serrano photographed Jeffrey Epstein for a portrait in 2019, four months before the paedophile financier was found dead in a prison cell while awaiting trial on sex trafficking charges. It is one of the last known images of Epstein, whose death was ruled to be suicide.

Years earlier, Serrano took a portrait photo of Donald Trump in 2004 – the same year the property tycoon began starring on The Apprentice TV series.

As Trump faces scrutiny over his past links to Epstein, and pressure to release all files in the sex offender’s case, Serrano offers a rare insight into the two men.

Photographing Epstein

Serrano’s portrait of Epstein was “23 years in the making”, he says, after he agreed to do it in exchange for a sculpture the wealthy collector owned that the artist had wanted since the mid-1990s.

Pic: Andres Serrano
Image:
Pic: Andres Serrano

At the time, Epstein was already a convicted sex offender who had served time in jail after pleading guilty in 2008 to soliciting prostitution from a minor.

Despite this, Serrano says he didn’t have reservations about taking the photo because he “wanted the statue” that Epstein owned.

Serrano believed the 16th century statue of the Virgin Mary should be paired with one he owned of St John.

“Jeffrey Epstein is rolling in his grave laughing about how he is still talked about,” the artist says.

“He wasn’t an interesting guy. Except for being a paedophile, there was nothing about him that should have made him so interesting to so many people.”

Epstein ‘collected people’

Serrano – who was first introduced to Epstein in the mid-90s – says he and his wife had “a few meetings” with him and considered him to be a “strange guy”.

He says he has “shocked” when he learnt Epstein had been “exposed and indicted as a paedophile”.

“We never saw that side of Epstein,” he says.

“To me, he looked like a guy who didn’t have a job and was always on a vacation having fun.

“I never asked him about where his money came from. I knew he was very rich. I also knew he knew a lot of people.

“Jeffrey Epstein did not collect art but he collected people. He made it his business to know everybody, anybody who was a celebrity, famous, rich – anyone with a reputation.”

Donald Trump and Jeffrey Epstein. Pic: NBC
Image:
Donald Trump and Jeffrey Epstein. Pic: NBC

Serrano says he doesn’t “judge” the subjects of his photography, who have also included members of the Ku Klux Klan, and he was “happy” with the outcome of the Epstein portrait.

But how does he think Epstein’s victims feel seeing the image?

“I don’t see how one thing has to do with the other,” he replies.

“Does that mean the victims would feel better looking at the portrait of him in the mugshot, which is a horrible picture?”

Jeffrey Epstein in 2017. File pic: New York State Sex Offender Registry via AP
Image:
Jeffrey Epstein in 2017. File pic: New York State Sex Offender Registry via AP

He adds: “Their take on Jeffrey Epstein is very different from everyone else’s. So they see something that we can’t even imagine what they see.”

Photographing Trump

While Serrano believes Epstein was uninteresting, his opinion of Trump couldn’t be more different.

Pic: Andres Serrano
Image:
Pic: Andres Serrano

He describes the US president as “fascinating” – so much so that he collected more than 1,000 items linked to him for an art installation called The Game: All Things Trump.

The objects, products and items of merchandise had been created for Trump’s businesses and brands, including Trump Vodka, Trump University and even Trump Steaks.

An 11ft-tall sign spelling the word “Ego” from the Trump Taj Mahal resort in Atlantic City also featured in the display, along with Serrano’s own portrait of Trump.

An 11ft-tall sign spelling the word 'Ego' from the Trump Taj Mahal casino in Atlantic City. Pic: Andres Serrano
Image:
An 11ft-tall sign spelling the word ‘Ego’ from the Trump Taj Mahal casino in Atlantic City. Pic: Andres Serrano

He calls the photograph “one of the best portraits I’ve ever seen of Donald Trump”, and reveals he had a particular way of working with him – staying quiet.

“I didn’t give him any reason to upset him,” Serrano says.

“He sizes you up very quickly. (I didn’t want to say) anything that would turn him off or that would bore him or that would make him in any way want to leave.”

‘Quiet’ Trump ‘tried to figure me out’

Serrano says he spent about half an hour with Trump, who he describes as being “quiet” throughout the process of having his portrait photo taken.

“I often like to leave people to their own thoughts when I’m taking a portrait,” the artist says.

“I like to make the kind of portraits where it feels like I’m not even there. It’s just you, the viewer and the sitter.

“I think he was just trying to figure me out. And so since we didn’t talk, you know it was just a silent conversation between us.”

Read more:
All we know about Trump and Epstein’s ‘friendship’
What’s in Epstein’s ‘birthday book’?

The artist won’t answer directly when asked if he is a Trump supporter but calls him “the epitome of the American dream”.

“I don’t think the art world has ever taken Donald Trump seriously except as a subject for ridicule,” he says.

Please use Chrome browser for a more accessible video player

‘It’s a Democrat hoax’ – Trump on Epstein files

“My perception and my intent with Donald Trump was far from that, because I think that’s a very simplistic way of doing things.

“My view of him is that he’s a really smart guy.

“Whatever you think about him, you can’t argue with the fact that he often gets his way and I think that’s because Donald Trump is persistent. He doesn’t let go. He’s like a pitbull who doesn’t let go.”

‘Epstein story will be buried’

Serrano also took a portrait photograph of Trump’s former presidential election rival Kamala Harris for The New Yorker magazine but says the circumstances were very different.

“When I do portrait for a magazine… I’m happy to do for them but there’s no skin in the game for me,” he says.

👉 Follow Trump100 on your podcast app 👈

Despite the pressure facing Trump to make public all files related to the Epstein case, Serrano believes “the story will die at some point”.

“It’s kind of like the Kennedy assassination. People have been obsessed with conspiracy theories, theories about John F Kennedy’s assassination for years,” he says.

“It’s a story that comes and goes, but I think this story will go.

“At some point, maybe some point soon, the Jeffrey Epstein story will be buried, along with Jeffrey Epstein.”

Continue Reading

Sports

Allmendinger races to first Cup pole in 10 years

Published

on

By

Allmendinger races to first Cup pole in 10 years

BRISTOL, Tenn. — AJ Allmendinger upstaged the NASCAR Cup Series playoff drivers at Bristol Motor Speedway, capturing the pole for Saturday night’s first-round cutoff race on the 0.533-mile oval.

The Kaulig Racing driver qualified first for the first time in 10 years, turning a 15.117-second lap (126.930 mph) on Friday in his No. 16 Chevrolet. With his fifth career pole in a Cup race and first since August 2015 at Watkins Glen, the 43-year-old Allmendinger became the oldest driver to win a pole at Bristol since Mark Martin, who was 50 in 2009.

“To get a pole at Bristol, that’s pretty awesome,” said Allmendinger, whose previous pole on an oval was at Kansas in April 2012. “Hopefully, we can do that for 500 laps. I know it’s Friday night qualifying and doesn’t pay any points or money, but it’s small victories like this for our race team that’s continually trying to grow. Days like today are enjoyable and give me confidence because I feel like I can still do it. It proves I can be here.”

Ryan Blaney will start second after missing the pole by 0.003 seconds in his No. 12 Ford, but the Team Penske driver is in solid position to gain the 15 points needed to clinch a spot in the second round from his fourth front-row start this season.

“I think our race car is really good over the long haul and just looking forward to (Saturday) night,” Blaney said. “Overall proud of the effort and to be that close to the pole, it’s a good day.”

Teammate Austin Cindric qualified third, followed by Ty Gibbs and Kyle Larson, who is aiming for his third consecutive victory at Bristol.

Cindric is ranked 12th in the standings and 11 points above the cutline heading into the 500-lap race that will eliminate four of 16 drivers from the playoffs.

“It’s the first box checked, but nothing is guaranteed from here,” Cindric said. “I feel like we’ve done our job for Friday. This sets us up well to try and continue to control our destiny for the end of the race.”

Playoff drivers rounded out the rest of the top 10 in qualifying with Denny Hamlin, William Byron, Bubba Wallace, Josh Berry and Christopher Bell.

The starting positions of the other playoff drivers were: Ross Chastain 13th, Tyler Reddick 14th, Alex Bowman 15th, Chase Elliott 16th, Joey Logano 22nd, Austin Dillon 23rd and Shane van Gisbergen 28th.

Continue Reading

Politics

Kalshi ‘ready to defend’ prediction markets amid Massachusetts lawsuit

Published

on

By

Kalshi ‘ready to defend’ prediction markets amid Massachusetts lawsuit

Kalshi ‘ready to defend’ prediction markets amid Massachusetts lawsuit

In comments to Cointelegraph, Kalshi claimed that Massachusetts is “trying to block Kashi’s innovations by relying on outdated laws.”

Continue Reading

Trending