Ford Hybrid – economic driving with design

The Ford Mondeo Vignale is really surprising with the economic driving. This hybrid car is energy efficient with the 89 g/km  CO2-emissions and making the best of the electric and petrol combination. According to the company calculations, the combined consumption is 3,9 l/ 100 km.

It is also designed to last longer – the Ford Vignale Collection is perfect for the weekend travelling. Ford has designed for example Italian-style fashion collection with mobile phone holder and weekendbag. They represent the finest leather quality, as the car´s interior design.

With this car, the car is charging itself during the driving, so there is actually no need for plug-ins at all and the size of the petrol tank is 53 litres.

The hybrid Mondeo has several technologies that increase the safe driving but also they help with communications using Apple CarPlay or Android and having smart voice service to control the navigation.

In recent years Ford Motor (F:US) has transformed its models to meet better the new low carbon regulation and last weekend the company announced that they will invest 11 billion dollars by 2022 to 40 hybrid or fully electric vechiles. This is in line with other big car manufacturers as they are preparing for the new time after fossil fuel engines in 2030 or 2040.


Business Tech

City getting special arrangements in the Brexit talks?

The negotiations between the UK and EU about Brexit and the UK´s financial services sector might show some different outcome than earlier expected. There are expectations that the City, the financial center in London, might get some special “arrangements” for business operations.

According to Bloomberg goverment survey, most EU-goverments see the unity of EU as priority in the negotiations although most leaders think that UK should not get any priviledges after the country decided to leave the EU. But this might not affect the City and the financial industry as such.

As Britain leaves the EU in March 2019, one of the risk scenarios for the whole Europe is, that financial markets will split to several financial centers like Frankfurt, Paris, Amsterdam or Luxembourg and the markets will loose the cohesion.

This is one of the reasons why the CEO of Lloyds, Inga Beale, is hoping to see some special arrangements for the City. The British insurance company has already made its own decision and opened a new subsidiary in the continent, in Luxembourg.

The London financial center is one of the world largest, but during years the sector has also transformed and developed new innovations. Fintech in London is one of the growth areas in Europe and this trend is expected to continue. London is said to be the 4th largest fintech hub globally after San Fransisco, Beijing and New York. Last year the fintech companies got 2,4 billion pounds funding from investors.




US tax cuts to boost also EU economy

The US tax cuts are expected to support the growth also in the EU. According to the European Central Bank´s policy meeting in December,  the impact of the cuts have not been calculated in the estimates earlier.

The Central Bank has estimated that the GDP will grow 2,3 % this year and 1,9 & next year. For the year 2020 the growh estimate is 1,7%. For example the IMF has estimated that the growth would be 1,7 % in 2019.

This positive sign from the ECB memo was fuelling the rally in the currency and bond markets yesterday. For example the German 2 year bond yield increased by 4 basis points to minus 0,57 percent. And euro was trading 1,20 against US dollar. Also the Brent Oil increased to three year high and was over 70 dollars a barrel due to production cuts by OPEC. Stock markets were mixed.



US tech sales to new record this year – 351 billion dollars

The US tech sales will make a new record this year. According to CTA, the Consumer Technology Association, the revenue will grow to 351 billion dollars. This is 3,9 % increase from year earlier.

According to the study, the growth will come from Smart Home, Smart Speakers and Virtual Reality products & services. Although the growth is strongest in the emerging technologies,  the volume sales come from the “old products” like smartphones, + 3% increase to 62,9 billion dollars or automotive electronics +5,1 % to 15,9 billion dollars.

Amazon Echo and Google Home -type smart speakers will get 3,8 billion dollars revenue, increase with 93 %. Smart Home sales will increase by 34 % to 4,5 billion dollars and virtual reality services + 18 % to 1,2 billion dollars.

Wearables, like smartwatches and health & fitness & sports products, will get 1 % increase to 6,4 billion dollars.




Essilor- Luxottica merger – waiting for approvals

The French-Italian merger between the world leading lens maker Essilor (EI)  and the luxury sunglasses and frames company Luxottica (LUX) is waiting for the competition authorities to make their decisions about the planned merger which was published in January 2017.

This around 50 billion euros merger will be one of the leading companies in the lens, frames & sunglasses industry globally if it gets the approvals. Luxottica is also the owner of the brands Ray-Ban and Oakley.  The combined revenue would be over 15 billion euros.

The Paris based company Essilor is one of the leading sustainable water usage companies with its own water usage program Reboost Water. According to the company, they have been able to minimize the water usage in the mass production sites by 40 % since 2007.  This means 4 years of water usage saved, says Essilor.




Luxury brands gained due to EU court ruling

The European luxury brands gained in the European Stock Exchanges today. The reason behind the upward trend was the EU court ruling saying that the luxury brand owners can have a say in which digital platforms the retailers can sell their luxury products.

Many luxury companies have been worried over the brand imago related to different digital platforms. The EU court ruling lifted stocks like Kering Group (KER) by 0,56 %, LVMH (LVMH) by 1,14 %, Burberry Group (BRBY) in London by 0,64 % and  Christian Dior (CDI) in Paris by 1,28%.

Global luxury brands have been building their digital presence and imago via social media during the couple of years, but also starting their own e-commerce platforms in order to make the customer dialoque direct and to keep the service level and personalization as expected.

Business Lifestyle