Latest news with #Compass
The Citizen
39 minutes ago
- Automotive
- The Citizen
Jeep Cherokee with electrification after short hiatus
The American market has seen the first glimpse of the all-new Jeep Cherokee, which the automaker claims boasts modern features and hybrid power and will arrive on showroom floors this year. Looking for a new or used Jeep? Find it here with CARmag! Jeep has given the world a first look at the all-new SUV and is thus set to reintroduce the Cherokee in 2025. Like those that have come before it, it plans on referencing its heritage, albeit now with electrified power. This revival aims to fill the gap left since the model's discontinuation in 2023, positioning the Cherokee between the Compass and Grand Cherokee in the line-up. 'The all-new Jeep Cherokee headlines our efforts to deliver more product, innovation, choice and standard content to customers than ever before,' said Jeep CEO Bob Broderdorf. Speaking of which, the 2025 Cherokee will offer a 2.0-litre turbocharged four-cylinder engine paired with an eight-speed automatic transmission. A plug-in hybrid variant is also in the wings and that will combine a 2.0-litre petrol mill with an electric motor, delivering between 200 and 220kW and an estimated electric-only range of up to 80km. Fuel efficiency is expected to be low, but nothing has been confirmed yet. Related: Review: Omoda C7 SHS Keeping with the Jeep design ethos, the new Cherokee adopts a more squared-off design, featuring Jeep's signature seven-slot grille and LED headlights. Inside, it boasts a 10.1-inch infotainment touchscreen with Uconnect 5, wireless Apple CarPlay and Android Auto, and an available 12.3-inch digital driver display. Safety features include adaptive cruise control, lane-keeping assist, and automatic emergency braking. Pricing in its home market will be between $38 000 and $52 000 (approximately R680 000 and R932 000). The 2025 Jeep Cherokee is expected to be unveiled later this year, with sales commencing before the end of 2025. At this time, Stellantis have not shared whether it is on the cards for the South African market, since it is only destined for North America. Click here and browse thousands of new and used vehicles here with CARmag! The post Jeep Cherokee With Electrification After Short Hiatus appeared first on CAR Magazine.
New Statesman
3 hours ago
- Politics
- New Statesman
Andy Burnham has made his leadership pitch
Photo by. Inside Labour there might not be a vacancy but there is always a contest. The government's early unpopularity means this is even more true than usual. Over the last fortnight – via her leaked memo to Rachel Reeves – Angela Rayner's alternative vision has become clearer. MPs believe both the Deputy PM and her more Blairite rival Wes Streeting are monitoring their support within the parliamentary party. But it is Andy Burnham who is most clearly positioning for a post-Starmer world. Critical interventions by the Greater Manchester mayor are hardly unheard of. During Keir Starmer's difficult early years as Labour leader, Burnham regularly advertised himself as an alternative. His speech to the soft left group Compass on Saturday afternoon (31 May), however, was qualitatively different. It was the most wide-ranging critique of the government from any senior Labour figure since the general election and ultimately resembled a leadership manifesto (Compass's director Neal Lawson opened the day by hailing Burnham as 'by far and away the most popular person to be the next leader of the Labour Party'). In the mid-1970s and early 1980s, Tony Benn championed his 'alternative economic strategy'; Burnham hailed what he described as his 'popular left programme'. His 17-minute address – which avoided any mention of Starmer or Reeves – was filled with rebukes to the Labour leadership. 'I believe you do have to take on the right,' Burnham told a crowd assembled on the dancefloor of the Ministry of Sound in south London. 'But what's the best way to do that? Definitely not by aping their rhetoric' (an implicit reference to Starmer's recent speech on immigration). He added: 'We see from Canada and Australia that a strong, confident left, which leans into what we believe, rather than tilting the other way, can win and can win well.' Burham, who has had a historically fraught relationship with Starmer's office (once declaring: 'leave me alone'), demanded a 'move away from the factionalism that has bedevilled us on all sides of the party' and condemned the 'infantile' belief that it was 'disloyal' to 'talk to other parties, particularly on the centre or the left'. It's traditional for mayors to speak out on issues related to their administration – such as devolved funding – and to occasionally intervene on national policy (as Burnham and Sadiq Khan did when they backed a ceasefire in Gaza in 2023). But Burnham went far beyond this, calling for a 'substantially new offer for the public'. Though he praised 'good policies' such as the renationalisation of the railways, he repeatedly outflanked the government from the left, criticising 'too much timidity in our offer, too much reluctance to show the courage of our convictions'. Subscribe to The New Statesman today from only £8.99 per month Subscribe He called for Labour to abandon cuts to health and disability benefits, to impose higher taxes on wealth (Reeves's aides repeatedly point out that she has already done so), to announce 'the biggest and quickest council and social housing building programme the county has ever seen', to reverse spending cuts to local authorities, to introduce free transport for teenagers in England, to replace first-past-the-post with proportional representation and to abolish the party whipping system. In its fusion of economic and constitutional radicalism there were echoes of the programme once advocated by Benn (another former cabinet minister who moved left with age). One left-wing Labour MP described Burnham's speech to me as a 'full-blooded rejection of the politics of Reeves and Starmer' and an 'extremely interesting development'. Another MP commented: 'What's he got to lose? But they [the leadership] are not going to let him come back into parliament.' The event marked the most significant gathering of the soft left – the group which often determines Labour leadership results – since the election. Though Compass has allowed members of other parties to join since 2011, this was a Labour-focused affair: other speakers included energy minister Miatta Fahnbulleh (who spoke alongside Burnham), former cabinet minister Louise Haigh, former Welsh first minister Mark Drakeford and former New Labour ministers Clare Short and John Denham (who described Starmer's administration to me as 'the most intellectually incurious Labour government that has ever been elected'). Fahnbulleh, a key ally of Ed Miliband, used her own address to call for Labour to transform the welfare state into 'a well-being state', which offers 'guaranteed access for all who need it' to 'social care, to education, to childcare – a proper safety net to catch people when they fall on hard times'. A distinctive soft left critique recurred through the course of the day: Starmer's government, it was said, has not done enough to amplify policies such as the employment rights bill, rail public ownership and GB Energy and has made avoidable errors such as the winter fuel payment cuts and overly rigid fiscal rules. Fahnbulleh urged activists to 'tell the story of the wins that a progressive government is making' and to 'hold us to account when we get things wrong'. There were almost no references from speakers to Starmer – treated by some as a bystander in his own government – with ire focused on Reeves and the wider leadership. Lawson denounced the old right group Labour First, which I profiled here, as 'a party within a party' that 'now runs Labour in its rather dull, sectarian interest'. Who will emerge as the soft left's candidate of choice? Among Labour members, as polling by Survation shows, Miliband and Rayner are the most popular cabinet ministers (with approval ratings of +65 and +46 respectively). But Burnham's speech was an attempt to position himself as the soft left's standard bearer – a claim to Labour's moral leadership. 'If the next election is going to be a binary choice between two worldviews and the opposition is going to be the divisive populist right then we must be the unifying popular left,' Burnham declared. He did not say whether he hopes to lead this movement – but he didn't need to. [See also: The British left is coming for the Government] Related
Daily Tribune
8 hours ago
- Automotive
- Daily Tribune
All-new Jeep Cherokee confirmed for late 2025 debut
TDT | agencies Jeep has officially announced that the all-new Cherokee SUV will make its global debut in late 2025, marking the return of the nameplate after the fifth generation was discontinued in 2023. A preview image reveals that the new Cherokee will adopt Jeep's latest design language, also seen on the Wagoneer S and updated Compass. The SUV maintains the brand's iconic seven-slot grille, accompanied by sleeker LED headlights with signature detailing and robust alloy wheels. The bonnet appears flatter and more pronounced, contributing to a tougher, more rugged presence. While the rear design hasn't been revealed, styling cues similar to the new Compass are expected. Built on Stellantis' new STLA Large platform, the next-gen Cherokee is confirmed to feature a hybrid powertrain. Although not yet officially detailed, both internal combustion engine (ICE) and fully electric variants are strongly anticipated as part of the lineup. Jeep CEO Bob Broderdorf commented, 'The all-new Jeep Cherokee headlines our efforts to deliver more product, innovation, choice and standard content to customers than ever before. It will offer competitive pricing that targets the heart of the largest vehicle segment and fits perfectly between the Compass and Grand Cherokee, strengthening our core SUV portfolio.'
Business Upturn
19 hours ago
- Business
- Business Upturn
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Compass Diversified Holdings Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm- CODI
NEW YORK, June 01, 2025 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Compass Diversified Holdings (NYSE: CODI) between May 1, 2024, and May 7, 2025, both dates inclusive (the 'Class Period'), of the important July 8, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Compass securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Compass class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Compass's subsidiary, Lugano Holdings, Inc., maintained unrecorded financing arrangements and irregularities in its sales, cost of sales, inventory, and accounts receivable; (2) the irregularities and undisclosed details in Lugano Holdings, Inc.'s financial statements rendered the financial statements of Compass as a whole unreliable, and would require restatement; (3) Compass failed to maintain adequate internal controls related to its financial statements; and (4) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Compass class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ——————————- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected]
Associated Press
20 hours ago
- Business
- Associated Press
ONGOING DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Compass Diversified
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Compass To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Compass stock or options between May 1, 2024 and May 7, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York--(Newsfile Corp. - June 1, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Compass Diversified ('Compass' or the 'Company') (NYSE: CODI) and reminds investors of the July 8, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. [ This image cannot be displayed. Please visit the source: ] Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company's subsidiary, Lugano Holdings, Inc., maintained unrecorded financing arrangements and irregularities in its sales, cost of sales, inventory, and accounts receivable; (2) the irregularities and undisclosed details in Lugano Holdings, Inc.'s financial statements rendered the financial statements of the Company as a whole unreliable, and would require restatement; (3) the Company failed to maintain adequate internal controls related to its financial statements; and (4) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. On May 7, 2025, after the market closed, the Company disclosed that its financial statements for fiscal year 2024 should no longer be relied upon in response to an ongoing internal investigation into the Company's subsidiary, Lugano Holding, Inc. The Company revealed that the investigation 'has preliminarily identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices' and that "[e]ffective May 7, 2025, Lugano's founder and CEO, Moti Ferder, resigned from all of his positions at Lugano and will not receive any severance compensation.' On this news, Compass Diversified stock price fell 8% during after-hours trading on May 7, 2025, thereby injuring investors. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Compass' conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Compass Diversified investigation, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. To view the source version of this press release, please visit
