Latest news with #507
Miami Herald
20 hours ago
- Automotive
- Miami Herald
Ultra-Rare BMW 507 For Sale With Eye-Popping Pricetag
You can never go wrong with a vintage BMW. The German automaker's classic examples have a special way of combining slim bodylines and a svelte silhouette with sheer, menacing performance under the hood. This 1959 BMW 5078 Series II on Bring a Trailer is a perfect example of what I mean. When US importer Max Hoffman suggested that BMW design as mid-level sports car for the North American market, BMW replied with the 507. Featuring hand-built aluminum bodywork styled by Albrecht von Goertz, the 507 debuted in 1955 at the Waldorf Astoria Hotel in New York City before entering production in late 1956. In 1957, the Series II debuted with a smaller fuel tank relocated from behind the seats to inside the trunk to prevent fumes from entering the cabin. This particular example, Chassis 70185, is one of only 252 built during the model's three years of production and was completed on October 6, 1958 as a Feather White car before being delivered new on October 31, 1958, to Autohaus H. Bäte KG in Hannover, Germany. The car reportedly underwent a refurbishment around 2012 that included a repaint in its current shade of Coral Red and a refinishing of its hardtop in an ivory color. The 507 was then acquired in 2022 by German specialists Arthur Bechtel Classic Motors, who re-trimmed the interior in tan leather. What sets this particular BMW 507 apart from others is its ivory hardtop that can be installed when the beige convertible top is not in use. Hardtops were optional equipment at the time and were hand-built to fit each car's hand-built bodywork, making them particularly rare and special accessories to own. Under the hood is a 3,168cc V8 with an aluminum block and cylinder heads as well as twin Zenith carburetors mated to a four-speed manual transmission. This 507 sits on 16" Rudge wheels wrapped in 6.00-16 Michelin Pilote X tires with Dunlop front disc and rear drum brakes behind them. The cabin still wears its tan leather and sports a contrasting ivory steering wheel and shift knob alongside a Becker Mexico radio. The odometer shows around 33,000 kilometers (~21,000 miles), with 25 of those being added by the current owner. The auction ends in 9 days with a current bid of $1,000,000, so it's unlikely that you and I will be able to afford such a beauty. Considering that it was purchased from a collection by its current owner in January 2025 and they only added 25 miles since, this poor thing suffers from a severe lack of being driven. This isn't an uncommon occurence with cars of this rarity and value, but it's also not an excuse. I won't go on a tangent about why driving your cars is the right thing to do, but I sure hope that the new owner feels the same way. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
The Star
3 days ago
- Business
- The Star
AirAsia MOVE faces economic sabotage case for alleged overcharging in the Philippines
MANILA: The Department of Transportation (DOTr) is preparing an economic sabotage case against the online travel agent platform of aviation group AirAsia for allegedly selling plane tickets to Tacloban at 'unreasonably' high prices. In a press briefing on Monday (June 2), Transportation Secretary Vince Dizon (pic) said they were finalising the complaints against AirAsia MOVE with the target of filing the case this week. Prior to this, the government agency issued a cease and desist order against the company headquartered in Malaysia on May 26. Dizon said the case stemmed from the complaint by Leyte 4th District Rep. Richard Gomez and Ormoc Mayor Lucy Torres-Gomez, who booked Philippine Airlines (PAL) flights from Tacloban to Manila via AirAsia MOVE that cost them about P77,704 (US$1392) – or almost P40,000 each. Had they booked through the PAL website, the plane tickets would have only cost them P49,507, Dizon noted. 'I have asked them (Philippine National Police – Anti-Cybercrime Group) to take this website down today, so this AirAsia MOVE can no longer scam others. I'm sure Congressman Richard Gomez is not the only victim here,' Dizon announced in a press conference on Monday. 'I also asked the CAB (Civil Aeronautics Board) and DOTr aviation group to immediately file a criminal economic sabotage case against AirAsia MOVE because this is really economic sabotage,' Dizon added. Dizon stressed that AirAsia MOVE's one-way plane tickets are three times higher compared to the tickets sold by other airlines at around P12,000. Aside from Gomez, Dizon said he had also received a letter from the Office of the Civil Defence executive director, Undersecretary Ariel Nepomuceno, detailing similar complaints about the selling of unreasonably high-priced plane tickets to Tacloban. Dizon also said that the overcharging might have stemmed from the limited access to the 53-year-old San Juanico Bridge, whose load limit has been limited to three tonnes starting May 15, barring trucks and buses from crossing the 2.16-km. bridge. 'Clearly there is a crisis there because the movements of goods and people were affected by the partial closure of the San Juanico Bridge to heavy vehicles, such as buses and trucks. They are taking advantage of the situation,' he lamented. The DOTr chief also instructed CAB to investigate other online platforms suspected of overcharging plane tickets not only in Tacloban but also in other destinations. Asked if Dizon had already asked AirAsia about this, he said that the multinational airline 'has nothing to do with' the issue surrounding the online travel booking platform and is only 'affiliated' with it. - Philippine Daily Inquirer/ANN
Mint
19-05-2025
- Politics
- Mint
Barc reports surge in viewership as 507 million tune in for news during Operation Sindoor
Television news emerged as a vital source of information with 507 million viewers watching news in the week of Operation Sindoor, India's cross-border counterstrike following the Pahalgam terror attack, according to data from the television monitoring agency Broadcast Audience Research Council (Barc). Further, the news genre peaked and accounted for 16% of TV viewership during the three critical days of 7, 8 and 9 May 2025 as against the usual 6%. The Hindi news genre clocked GRPs (Gross Rating Point, a key metric that measures the total exposure of an advertisement to a target audience) of 254, as compared to 235 during the Lok Sabha elections last year, 211 during the multiple state elections of 2022, 185 during the Ram temple consecration ceremony followed by Republic Day, and 178 during the Pahalgam terror attack, Barc added. Also read: 'Not surprised with Turkey', Vikram Misri tells Parliament committee, sees no normalisation of ties soon Further, Hindi news also clocked the highest ATS (average time spent) of 60 minutes, an increase of 67% over the ATS of pre-Pahalgam weeks. The genre's share increased from 3% to 13% during the week. Daily tune-ins on Hindi news on critical days increased on the three critical days from 73 million to 142 million. Hindi news viewers Overall, 65 million new viewers (with respect to preceding weeks) tuned in to Hindi news. These new viewers had not sampled Hindi news in the last month, Barc added. Besides, in the wake of Operation Sindoor, government fact-checking units swung into high alert to highlight and debunk misleading information on social and mainstream media, and set the record straight. Their job multiplied as social media channels were flooded with unverified images of troop movements, doctored videos claiming to show missile launches, and misleading news about diplomatic escalations. Also read: JD Vance skips Israel trip amid Gaza offensive, signaling US discomfort with Netanyahu's operation: Report The news category commanded nearly a fifth of overall TV viewership at the beginning of the covid lockdown, thanks to a lack of fresh entertainment content and viewers' hunger for pandemic-related information. However, it fell to nearly 4% as the economy opened up, before rising back to 7.1% before the general election last year. The Ram temple pran pratishtha, or consecration ceremony, and Lok Sabha polling day, among others, were seen as tentpole events that led to a jump in viewership compared to a regular day, recently. Key takeaways Also read: India's crackdown on Pakistani 'spies' continues: Three 'ISI agents' arrested over two days; know details
Yahoo
28-03-2025
- Automotive
- Yahoo
Watch BMW Meticulously Restore A 507 Roadster Once Owned By Elvis
There's something very calming about watching a team of experts restore a lovely old car. Whether it's a classic Ferrari that's sure to bankrupt the wrenchers or a stop-motion rebuild of a Range Rover, restoration projects occupy my favorite corner of the internet. If you're of the same opinion, then this film of a classic BMW restoration will be right up your street. The process of removing and re-upholstering old seats or stripping back the bubbling paint on a vintage car is always incredibly satisfying to watch, and this footage documenting the restoration of a lovely BMW 507 roadster is no exception. The added intrigue with this clip, however, comes when you find out who the car's old owner was: Elvis Presley. That's right, we've got another excellent project to resurrect one of the King's vehicles, following in the footsteps of this RV build that repurposed Elvis' abandoned private jet. This time, the classic BMW isn't being turned into anything outlandish, and instead the car is being brought back to its former glory. Read more: You've Probably Never Heard Of The Coolest Canadian Car Ever Built The eagle-eyed among you may remember that BMW already restored an old 507 that belonged to Elvis to show off at car shows back in 2016. This isn't a second 507 that once belonged to the King — it's the same car, and the rebuild is documented in a new film from the Frame YouTube channel that shows off the meticulous attention to detail that goes into reviving a vintage BMW. The film, which you can see for yourself above, starts with the rusting frame of a 1958 BMW 507 that Elvis owned for around two years while stationed in Germany during his military service. In order to bring the car back to its 1950s condition, the BMW team begins by stripping back the bodywork and removing the interior. The roof, hood, trunk and seats are easily unbolted and removed, before drills and precision tools are brought in to remove stuck fasteners and rivets holding the rest of the car's old panels in place. Once freed, the front and rear bodywork is taken away for cleaning and repairs. This just leaves the chassis of the car, which Frame explains is corroded and damaged thanks to the car's near-60 year life on the road. To begin restoration of the chassis, engineers at BMW dip the frame in a boiling alkaline solution to strip away the worst of the corrosion. Once the frame is patched up, workers start on the new and restored panels to prep them to fit back onto the chassis. It's a process that involves lots of measuring, cutting and shaping by hand to perfect the smooth curves of the 507 and ensure that the bodywork looks as good as it did in the 1950s. Once the chassis is repaired and primed, engineers fit these pristine panels onto the car, and it all starts taking shape once again. The next task is to paint the exterior back to the car's original white finish, instead of the red color that it came into the shop with. All that's left then is to finish up the interior, which is completely re-upholstered by BMW's team after years of neglect. Black leather trim is applied to the doors and surrounds, while the seats are given a lovely black and white covering - making them look a bit like comfortable Oreos. Finally, the Chevy V8 that was in the car when BMW got its hands on it is ripped out and burned, I assume, before BMW fitted one of its own V8s under the hood. The unit it went for is a 3.2-liter motor that produces around 150 horsepower. With the beating heart of the car back in place, the process draws to a glorious close. The finished car looks fantastic, and went on to live out its days at prestigious car shows around the world as you'd expect. To watch the entire satisfying process unfold for yourself, head here. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Yahoo
15-02-2025
- Business
- Yahoo
KNR Constructions Ltd (BOM:532942) Q3 2025 Earnings Call Highlights: Robust Profit Growth ...
Quarterly Revenue (Standalone): INR743 crore. Quarterly EBITDA (Standalone): INR151 crore, 3% growth year-on-year. Quarterly EBITDA Margin (Standalone): 20.4%. Quarterly Net Profit (Standalone): INR182 crore, 113% growth year-on-year. Nine-Month Revenue (Standalone): INR2,507 crore. Nine-Month EBITDA (Standalone): INR508 crore, 4% growth year-on-year. Nine-Month EBITDA Margin (Standalone): 20.3%. Nine-Month Net Profit (Standalone): INR650 crore. Quarterly Revenue (Consolidated): INR848 crore. Quarterly EBITDA (Consolidated): INR256 crore, 13% growth year-on-year. Quarterly EBITDA Margin (Consolidated): 30.1%. Quarterly Profit After Tax (Consolidated): INR248 crore, 83% growth year-on-year. Nine-Month Revenue (Consolidated): INR3,778 crore, 25% growth year-on-year. Nine-Month EBITDA (Consolidated): INR1,404 crore, 109% growth year-on-year. Nine-Month EBITDA Margin (Consolidated): 37.2%. Nine-Month Net Profit (Consolidated): INR994 crore, 142% growth year-on-year. Consolidated Debt (as of December 2024): INR1,486 crore. Net Debt to Equity (Consolidated): 0.33% as of December 2024. Order Book (as of December 31, 2024): INR3,880 crore, excluding certain projects. Total Order Book (Including Recent Projects): INR5,517 crore. Warning! GuruFocus has detected 3 Warning Signs with BOM:532942. Release Date: February 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. KNR Constructions Ltd (BOM:532942) reported a significant increase in net profit for Q3 FY25, growing by 113% year-on-year to INR182 crore. The company's EBITDA margin for Q3 FY25 stood at a robust 20.4%, indicating strong operational efficiency. KNR Constructions Ltd has a strong order book of INR5,517 crore, which includes new irrigation projects and HAM projects, providing a solid pipeline for future revenue. The company has a low net debt to equity ratio of 0.33% as of December 2024, reflecting a strong balance sheet. KNR Constructions Ltd is actively targeting new orders, aiming for an inflow of INR8,000 crore by September 2025, which could significantly boost future growth. The company faces challenges with receivables, particularly from the Telangana government, with INR977 crore outstanding, impacting cash flow. There is a slowdown in new order inflows, with significant competition and aggressive bidding in the market affecting KNR Constructions Ltd's ability to secure new projects. The company anticipates a 10% to 15% dip in revenue for FY26 due to a lower order book and payment issues in irrigation projects. KNR Constructions Ltd has experienced delays in receiving appointed dates for some HAM projects, affecting project timelines. The company is facing challenges in diversifying into new sectors like metro and railway projects, having lost recent tenders. Q: How many arbitration claims are pending, and what is the status of these claims? A: Kamidi Reddy, CFO and Executive Director, stated that there are minor claims pending, such as a claim of INR15 crore for the Penchalakona-Yerpedu project. Other claims are in the HAM model projects and the Madurai to Ramanathapuram project, with a claim of around INR300 crore. The company is working with a consultation committee for settlements and may proceed to arbitration if necessary. Q: What is the current status of the order book and future order inflow expectations? A: Kamidi Reddy mentioned that the current order book stands at INR5,517 crore, with expectations to secure INR8,000 crore to INR10,000 crore in new orders over the next few months. The company is focusing on various sectors, including highways, irrigation, and urban infrastructure projects, and is also exploring partnerships for EPC projects. Q: What are the financial projections for FY26 in terms of revenue and margins? A: Kamidi Reddy indicated that due to a lower order book, a 10% to 15% dip in revenue is expected for FY26. However, the bottom line may remain stable or improve slightly due to claims received. The company aims to maintain margins around 15%. Q: What is the status of the debtors from the Telangana government? A: K. Ram Rao, General Manager - Finance and Accounts, reported that INR577 crore is certified and pending payment, with an additional INR400 crore uncertified. The company is actively pursuing these payments and has filed a court case to expedite the process. Q: What is the progress on the Kushalnagara project, and when is it expected to start? A: Kamidi Reddy confirmed that the project has received clearance from the forest department, and land is being handed over. The project is expected to commence within a week. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
