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...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...Gold funds accounted for the bulk of this, shipping $13.5bn, the second-worst tally ever, while broad commodity vehicles shed $3bn, an all-time high....
...Sales of the humble caravan — or recreational vehicle — surged during the pandemic. Americans looking to satisfy their pent-up wanderlust while social distancing emptied dealership lots....
...Heartland received a $7.5mn grant from the state of Illinois and is building a nearly 6,300-square foot facility where students will work on vehicles....
...Recreational vehicle shipments were down almost 50 per cent in the first five months of 2023....
...Also reporting today is Thor Industries, a maker of recreational vehicles. What else we’re reading Why the strength of the dollar matters In times of trouble, the dollar is the world’s refuge....
...The anti-bureaucracy tactics won Musk fans in America’s heartland. But in California, the reception was broadly negative....
...In the US, third-quarter figures for gross domestic product show a 21 per cent jump in spending on recreational goods and vehicles on last year. Home gyms are on the rise....
...Recreational-vehicle companies are on a roll. Sales and rentals are starting to recover as lockdowns ease and Americans try to satisfy their pent-up wanderlust while maintaining social distancing....
...But it also won him new fans in America’s heartland and the White House. US president Donald Trump tweeted that “California should let Musk open the plant, NOW”....
...Sales of the humble caravan, motorhome or recreational vehicle, as they are known in the US, have rocketed since the financial crisis....
...Mr Steinbach said the East was attractive to investors because it was “more open to new technologies” than Germany’s auto-heartlands in the south....
...Its products, which are equipped with high-resolution cameras, are sold as recreational items in high-street shops....
...Mr Armstrong will become chairman of Europe, overseeing Ford’s turnround plan in the region that includes cutting jobs in Germany and the UK, and revamping its vehicle portfolio....
...As well as recreational uses, the technology can be deployed for agricultural surveys, search-and-rescue operations and infrastructure inspection....
...But Jaguar’s I-pace, on sale in Europe since April, and Audi’s battery-driven e-tron, unveiled in Tesla’s Californian heartland this week, mark the opening salvo from the industry’s incumbents....
...The company re-confirms its emergency plan with suppliers, and sets up purchasing agreements for gear: generators, refrigerated trucks, recreational vehicles, portable toilets....
...Mr Guillen’s job is a new position at Tesla, giving him extensive responsibilities which include overseeing all vehicle manufacturing, supply chain operations and vehicle programmes....
...The company confirms its emergency plan with suppliers and buys generators, refrigerated trucks, recreational vehicles and portable toilets....
...air of unreality hung in the air two weeks ago as Waymo — the company that began life as Google’s driverless car project — lifted the lid on its secretive testing facility in California’s agricultural heartland...
...DJI, the world’s biggest drone maker, is beefing up its management with the newly minted role of president as it moves into commercial applications for its unmanned aerial vehicles....
...Last week in Paris, the US chipmaking company Qualcomm unveiled technology far removed from its traditional heartland of smartphone processing and computers — a wireless charger for an electric car....
...Kitty Hawk’s flyer, for instance, is only designed for recreational use over fresh water, in uncongested areas....
...And Uber is now piling in with ambitions to demonstrate flying vehicles by 2020 in Dubai and the Dallas-Fort Worth area....
...Swerving around pedestrians and avoiding traffic cones, the sight of a two-seater self-driving pod navigating its way around the roads is not uncommon in the technological heartlands of California....
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