"Mr. Kleinfeld stepped down as Chair and CEO by mutual agreement after the Board learned that, without consultation with or authorization by the Board, he had sent a letter directly to a senior officer of Elliott Management that the Board determined showed poor judgment," according to a press release from the company.
Here's some other news that will get you thinking.
Your car buying experience of the future: TheStreet takes a dive into the digital buying of used cars in this new feature. Companies such as Carvana and Shift (the former has filed papers for an IPO) are focusing on making the hassle of buying a car relatively seamless. Look out, oily haired used car salesmen, and AutoNation (AN - Get Report) .
Welcome, the Fruit Loops shake: Starting Monday, Restaurant Brands' International (QSR - Get Report) will sell the Fruit Loops shake for a limited time. For $2.99, you can get a shake made from vanilla-flavored soft serve ice cream, Fruit Loops cereal pieces (compliments of Kellogg's (K - Get Report) ) and sweet sauce.
If you try this drink, please tweet photos and feedback to @BrianSozzi.
What a time to be alive https://t.co/Latuvz0US7— Eric Lewis ������ (@ericlewis91) April 17, 2017
Walmart has turned into a digital acquisition machine: Having covered Walmart (WMT - Get Report) for about 13 years -- first as an analyst and now as an editor -- I have never seen the company move as fast as it is now with respect to e-commerce acquisitions (or price investments, or talent development).
The latest online target by Walmart could be Bonobos, a 10-year-old men's fashion retailer based in New York City. Walmart is in advanced discussions to acquire the company, according to Recode. Bonobos reportedly has between $100 million and $150 million in annual sales.
Kudos to Walmart CEO Doug McMillon and new e-commerce chief Marc Lore (founder of Jet.com) -- these two appear dead set on being a credible threat to Amazon (AMZN - Get Report) . Further, they seem very focused on distancing themselves from grocery stores such as Kroger (KR - Get Report) and fellow discounter Target (TGT - Get Report) (which has to make a digital acquisition, time is of the essence).
A post shared by Bonobos (@bonobos) on
What global asset bubble: Boy, I would love to get my hands on the net worth of those who have tried to get on the list to buy one of Mercedes' new $2.4 million supercars. The hybrid car coined Project One, which will reportedly have 1,000 horsepower, has already sold out, according to Road & Track.
Allegedly, the Mercedes AMG HyperCar will look something like this and have a F1 based TTV6 hybrid engine with some unique / trick technology that will require the owners to send the car back to England for an engine rebuild every so many miles. If this photo is accurate and if it will feature a Twin Turbo V6 F1 engine modified for road use, What are your thoughts? I can't wait for to see the hyper MercedesAMG Project One vs the Aston Martin Valkyrie and the McLaren BP23. Very exciting times ahead! ���������� (please note : this is NOT an official rendering of the Mercedes Project One) _______________________________________________________________ #Mercedes #ProjectOne #MercedesProjectOne #MercedesAMG #TTV6 #HPP #AstonMartin #AstonMartinLive #Valkyrie #RedBull #AstonMartinValkyrie #Nebula #CLKGTR #HyperCars #Bugatti #Koenigsegg #Pagani #Porsche #Lamborghini #Ferrari #McLaren #BP23 #SCG003 #ScuderiaCameronGlickenhaus #BecauseRaceCar #F1 #BLESSED
A post shared by Kris Singh (@lamborghiniks) on
New York Governor Andrew Cuomo goes all mid-life crisis: The potential 2020 White House contender rolled up to the New York Auto Show on Saturday in the 840 horsepower Dodge Demon, reports Jalopnik. Oddly, he was there to talk about eco-friendly cars.
A feel good story for a change: Kathrine Switzer, who made history in 1967 as a student by becoming the first woman to officially enter the Boston Marathon, will run in the race on Monday. This will be her first time running the Boston race since 1976, reports CNN.
Below is the iconic photo from her 1967 race where some dopey guy tried to pull off her number in a show of protest.
50 years ago Kathrine Switzer became the first woman to enter the Boston Marathon. On Monday she'll run it again. pic.twitter.com/wwje2c7mDD- Sports Illustrated (@SInow) April 16, 2017
Happy National Mustang Day: For National Mustang Day on Monday, Ford (F - Get Report) will celebrate by keeping the 526-horsepower Shelby GT350 and GT350R in production through the 2018 model year, reports USA Today.
Yours truly will celebrate by sharing a photo of the GT350R, since you have never seen it before.
A post shared by Keith (@keefs_stang) on
Back to the depressing news: Mass shootings are on a very unfortunate pace this year (see chart below). So far, there have been 91 mass shootings in the U.S., according to the nonprofit Gun Violence Archive (GVA). At the current rate calculated by GVA, 2017 is on track to have more mass shootings than any other year since GVA began tracking gun violence in the U.S., points out The Daily Dot.
Top classic cars to invest in right now: The classic car market has cooled down a bit, freeing up some potentially lucrative longer term investment opportunities, TheStreet reports. Some of the best investments may be in cars priced under $10,000.
One of them is the often hated late 1980s "Fox body" Mustang (pictured below).