Apollo Hires From Goldman, Bank of America to Oversee Bank Partnerships
Apollo Global Management Inc. is bringing in more Wall Street talent to oversee an exclusive partnership with Citigroup Inc. and relationships with other banks as it hunts for more ways to deploy capital.
Alex Bavifard joined in May from Bank of America Corp., where he was a managing director for almost 12 years, to lead Apollo's private credit collaboration with Citigroup, an Apollo spokesperson said. The firm also hired Lindsay Dreilinger, a former Goldman Sachs Group Inc. managing director in leveraged finance sales, to lead the US Bank Coverage team.
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Car and Driver
28 minutes ago
- Car and Driver
2025 Mini Countryman Electric Review, Pricing, and Specs
Specs See all specs EPA Est. Range 212 Miles Seating 5 Seats Powertrain Electric Drivetrain All-Wheel Drive Limited Warranty 4 Years/50,000 Miles Overview If you want that classic Mini charm combined with an electric powertrain, the SE version of the Countryman SUV is the only game in town these days. Although it looks identical to the gas-powered Countryman, underneath is a battery pack that offers an estimated range of between 204 and 212 miles on a charge. Its 308-hp dual-motor electric powertrain provides decent acceleration and standard all-wheel drive. The Countryman Electric offers a crisp exterior design and a nicely outfitted cabin with plenty of fun features, including a circular infotainment system. Buyers who aren't ready to make the switch to electric just yet will no doubt pass on the EV for the regular Countryman (reviewed separately), but those who take a chance on the Countryman Electric will find that very little of Mini's signature spunkiness has been lost in translation. What's New for 2025? The Countryman Electric is a new model for the Mini lineup for the 2025 model year. Pricing and Which One to Buy The price of the 2025 Mini Countryman Electric starts at $46,375. SE All4 $46,375 0 $10k $20k $30k $40k $50k $60k $70k build & price Mini is only offering the SE All4 dual-motor model in North America. It comes standard with a lot of desirable equipment though, including a cool circular infotainment screen, 20-inch wheels, and ambient interior lighting. Want to compare the 2025 Mini Countryman Electric to other vehicles you're interested in? Our new compare tool provides a comprehensive, side-by-side look at up to five cars of your choice. Compare Cars This content is imported from Third party. You may be able to find the same content in another format, or you may be able to find more information, at their web site. EV Motor, Power, and Performance While Mini sells single-motor models in other markets, all Countryman Electrics sold in the U.S. come with a dual-motor all-wheel-drive setup called All4. This powertrain features two electric motors that in combination make 308 horsepower. Ride and handling are nicely balanced here, but no one will mistake the Electric for the performance-oriented John Cooper Works model (reviewed separately). When we drove the Countryman Electric, we appreciated its one-pedal driving capability but felt that its extra weight compared with the gas version prevented it from being as eager and responsive. 0–60-MPH Times In our testing, the Countryman SE All4 got to 60 mph in 4.8 seconds. That's a couple ticks slower than the similarly powered John Cooper Works gas version. View Exterior Photos Andi Hedrick | Car and Driver Range, Charging, and Battery Life The Countryman S E All4 comes standard with a 64.6-kWh battery and has an EPA-estimated range of up to 212 miles of driving per charge. That figure is for Countrymans with 18-inch wheels; upgrading to 19-inch wheels knocks the range down to 204 miles. Rival EV SUVs such as the Kia Niro EV and the Tesla Model Y both offer more driving range per charge at a similar price point. In our real-world 75-mph highway range test, the Countryman achieved 180 miles. We also tested its DC fast-charging speed and were able to get it from 10 percent to 90 percent charge in 39 minutes. Fuel Economy and Real-World MPGe According to the EPA, the jumbo Mini EV is good for a 96 MPGe combined rating when equipped with 18-inch wheels. Wearing larger 19-inch wheels, the Countryman Electric's rating drops to 91 MPGe combined. In our 75-mph highway fuel economy test, the Countryman achieved 75 MPGe. MPGe stands for miles per gallon of gas equivalent, an EPA metric that estimates PHEV and EV vehicle fuel efficiency. For more information about the Countryman Electric's fuel economy, visit the EPA's website. Interior, Comfort, and Cargo Like the Cooper Electric hatchback, the Countryman has an interior with sustainable materials and a simplified design. A fabric-colored dash pad cleverly hides configurable ambient lighting elements that change color and shape depending on which drive mode is selected. The new Countryman is also slightly larger than the previous-generation model, which benefits passenger and cargo space. The rear seat is noticeably roomier than the 2024 Countryman, although tall passengers may wish for more legroom. We were able to fit 8 carry-on suitcases with the rear seats up and 22 carry-ons with the rear seats folded. Sadly, the Countryman Electric offers no front-trunk area for additional storage. View Interior Photos Andi Hedrick | Car and Driver Infotainment and Connectivity Minis have long had a circular display in the middle of the dashboard, but in the 2025 Countryman Electric, the circular display is entirely digital. This panel serves as both a gauge display and infotainment, and it runs Mini's latest software interface, which provides many customizable features. Not only are there a bunch of pre-programmed backgrounds for the display, but the system will also allow you to upload photos of your own. So, if you want a photo of your cat to show up there, you can easily make that happen. Apple CarPlay and Android Auto will be standard, and there's even an option to download video games to the system to help you pass the time at a public charging station. Safety and Driver-Assistance Features While all Countryman Electric models will come with driver-assistance features such as automated emergency braking and lane-keeping assist, if you want to access adaptive cruise control with a lane-centering feature you'll need to spring for the Driving Assistant Plus package. For more information about the Countryman Electric's crash-test results, visit the National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (IIHS) websites. Key safety features include: Standard automated emergency braking with pedestrian detection Standard lane-departure warning with lane-keeping assist Available adaptive cruise control with a lane-centering feature Warranty and Maintenance Coverage Mini provides one of the better warranty plans compared with its competitors, and the company also includes substantial complimentary scheduled maintenance. Limited warranty covers four years or 50,000 miles Powertrain warranty covers four years or 50,000 miles Electrical components are covered for eight years or 100,000 miles Complimentary maintenance is covered for three years or 36,000 miles Specifications Specifications 2025 Mini Countryman SE ALL4 Vehicle Type: front- and rear-motor, all-wheel-drive, 5-passenger, 4-door wagon PRICE Base/As Tested: $46,375/$51,325 POWERTRAIN Front Motor: current-excited synchronous AC, 188 hp, 182 lb-ft Rear Motor: current-excited synchronous AC, 188 hp, 182 lb-ft Combined Power: 308 hp Combined Torque: 364 lb-ft Battery Pack: liquid-cooled lithium-ion, 65 kWh Onboard Charger: 9.6 kW Peak DC Fast-Charge Rate: 130 kW Transmissions, F/R: direct-drive CHASSIS Suspension, F/R: struts/multilink Tires: Continental ProContact GX 245/45R-19 102H M+S ★ DIMENSIONS Wheelbase: 106.0 in Length: 175.0 in Width: 72.6 in Height: 64.6 in Passenger Volume, F/R: 53/42 ft3 Cargo Volume, Behind F/R: 56/25 ft3 Curb Weight: 4606 lb C/D TEST RESULTS 60 mph: 4.8 sec 100 mph: 13.1 sec 1/4-Mile: 13.6 sec @ 101 mph Results above omit 1-ft rollout of 0.3 sec. Rolling Start, 5–60 mph: 5.0 sec Top Gear, 30–50 mph: 2.2 sec Top Gear, 50–70 mph: 3.5 sec Top Speed (gov ltd): 112 mph Braking, 70–0 mph: 171 ft Braking, 100–0 mph: 343 ft Roadholding, 300-ft Skidpad: 0.85 g C/D FUEL ECONOMY AND CHARGING Observed: 75 MPGe 75-mph Highway Range: 180 mi Average DC Fast-Charge Rate, 10–90%: 84 kW DC Fast-Charge Time, 10–90%: 39 min EPA FUEL ECONOMY Combined/City/Highway: 91/94/88 MPGe Range: 204 mi C/D TESTING EXPLAINED More Features and Specs
Bloomberg
31 minutes ago
- Bloomberg
Warner Bros. Split Puts Bondholders in a Bind
These days the real art of television and film lies in repackaging existing formats, presenting them as something new and getting consumers to pay for it all. Warner Bros Discovery Inc. is attempting this at a grand scale with its planned separation into businesses focused first on streaming and studios, and second on legacy television. It's a sequel that pits bondholders and shareholders against each other. Liberated as a focused company, Warner's streaming and studio business promises to fetch a higher stock-market valuation as it attracts investors otherwise deterred by the current company's ties to old media. The cable television outfit, whose assets include CNN, TNT, TBS and Discovery, is likely to take on a lot of the company's debt. True, the cable industry has been losing audience to streaming upstarts, but its sizeable cash flows can still support a little extra debt leverage. Warner's cable business could generate $6.1 billion in earnings before interest, tax, depreciation and amortization in 2025, Bloomberg Intelligence forecasts. That's twice what the studio business is expected to bring in.
Associated Press
31 minutes ago
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The late Jim Irsay's 3 daughters take charge of Colts under his transition plan
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