Mercedes-Benz plans coupe to stretch midsize segment
The 2024 Mercedes-Benz CLE Coupe will arrive in the U.S. early next year. A convertible variant will follow.
Terry Savage: Fighting your financial adviser can be tough
More investors are learning the hard way that if you have a complaint against a broker or registered investment adviser, it’s going to be tough to get justice, much less to get your money back.
And even if you try to investigate the background of someone who is trying to get you to make a financial decision or investment, you’ll be at a tremendous disadvantage since much of the financial advisory business is not subject to full disclosure about complaints and awards against them.
Brokers are employees of brokerage firms. They are registered and subject to the scrutiny of FINRA — the Financial Industry Regulatory Authority. If you want to check a broker’s disciplinary history, you can use the FINRA database at www.BrokerCheck.org.
Brokers are not required to be “fiduciaries” — that is, to put their clients’ interest ahead of their own. They are only required to suggest products in the “best interest” of the client. But that definition does not rule out the possibility that a recommendation is also in the interest of a broker, who may be getting a substantial, and often hidden, commission.
Lamborghini buyers race to own carmaker’s first plugged model
The 1,015-horsepower Revuelto has sold out until the end of 2025.
Tesla regains China momentum as clouds over EV sector disperse
Deliveries from Tesla’s Shanghai plant, which was its first outside the U.S., rose almost 20 percent from a year earlier in June to 93,680 vehicles.
Nikola reports jump in second-quarter deliveries
The company said that retail sales of its trucks doubled to 66 in the quarter.