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Ford Sales Post Sharp 14.4% Decline In April As EV & Hybrid Sales Plunge
Ford Motor Company posted a sharp sales decline in April as demand for new vehicles cooled across much of the auto industry, with the company reporting a 14.4% drop year over year to 178,667 vehicles sold, according to Autoevolution.
The weaker month pushed Ford’s year-to-date total to roughly 636,000 deliveries — still ahead of Hyundai Motor Company and Kia Corporation, but well behind Toyota Motor North America.
Autoevolution writes that the slowdown comes as automakers face softer demand after last year’s buying rush, when consumers moved quickly to purchase cars ahead of potential tariff increases. Higher gas prices tied to geopolitical tensions and persistently expensive vehicle prices have also made buyers more cautious.
While General Motors has yet to release April results, several rivals have already reported weaker numbers. Toyota’s U.S. sales fell 4.6% last month to just over 222,000 vehicles, bringing its year-to-date total to nearly 792,000. American Honda Motor Co. was nearly flat, while Hyundai and Kia also slipped slightly after a strong start to the year, though their combined sales still topped 565,000 through April.
Ford’s weakness was broad-based. EV sales dropped nearly 25%, hybrid sales plunged 32.5%, and traditional gas-powered vehicles fell 11.8%. Truck sales declined more than 14%, SUVs were down 16.6%, and the company’s bread-and-butter Ford F-Series slid nearly 14% to just over 61,000 units. Sales at Lincoln were even worse, falling more than 21%.
There were a few bright spots. The Ford Mustang climbed more than 18% in April, while the Ford Bronco rose more than 18% to around 17,000 sales. The Ford Explorer and Ford’s heavy-duty truck lineup also posted gains. On a year-to-date basis, Mustang remains Ford’s strongest performer with sales up roughly 39%, followed by the Explorer, Transit van, Ranger pickup, and Bronco. At Lincoln, the Lincoln Aviator remains one of the few bright spots, with sales up nearly 10% so far this year.
Tyler Durden Tue, 05/05/2026 - 09:15Kendall Jenner ditches dress — but keeps her corset — for Met Gala 2026 after-party
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Romanian Pro-EU Government Collapses After No-Confidence Vote, Currency Tumbles To Record Low
Lawmakers toppled Romanian Prime Minister Ilie Bolojan's pro-EU government in a no-confidence vote on Tuesday, putting at risk the country's sovereign debt ratings, its access to EU funds and the stability of its currency. Of the valid votes cast in the parliament, 285 voted for the motion of censure and four against, exceeds the 251 signatures collected last week for the motion and above the 233 needed to pass, the official parliamentary count showed.
Romania's Prime Minister Ilie BolojanBolojan has led a minority government since late April when the Social Democrats - the largest party in parliament - called for his resignation and then walked out of the four-party coalition and teamed up with the far-right opposition to file a no-confidence vote.
Although a snap election looks unlikely, financial markets are concerned that the turbulence could mean Bucharest wavers in its commitment to narrowing the European Union's biggest budget deficit. Romania's leu currency fell to a record low against the euro ahead of Tuesday's vote.
The current coalition came to power 10 months ago with a view to containing the gains of the far right after a series of polarizing elections, and it had begun to reduce the deficit, narrowly avoiding a ratings downgrade from the last rung of investment grade. But the Social Democrats - without whom a pro-EU majority cannot be achieved - have repeatedly clashed with Bolojan as his austerity measures have hit their voters and patronage networks, while their popular support has bled away to the far right.
Nevertheless, opinion polls still show Bolojan is the most popular politician in the ruling coalition. Bolojan will stay on as interim premier with limited powers until a new government is approved by parliament.
"Can anyone say how Romania will function from tomorrow, do you have a plan?" Bolojan asked lawmakers before the vote. "Romanians will understand that you can govern differently, with respect for public money, and you cannot undo that."
Romania's next parliamentary election is not due until 2028. It has never held an early election and analysts say the likelihood of one now is small as the opposition hard-right Alliance for Uniting Romanians (AUR) leads in opinion polls.
Centrist President Nicusor Dan, who nominates the prime minister, is now expected to invite parties for negotiations and attempt to rebuild the four-party pro-EU coalition under a different member of Bolojan's Liberals or perhaps a technocrat as prime minister. The Social Democrats (PSD) have often said they would rejoin a pro-EU coalition under a different premier.
Bolojan's party has so far ruled out collaborating with the Social Democrats again, though some senior party members have pushed for reconciliation.
There is life after the no-confidence vote," PSD leader Sorin Grindeanu told reporters. "We want to keep broadly this coalition."
A Romanian Liberal member of the European Parliament, Siegfried Muresan, called the alliance between the leftists and AUR in support of the no-confidence motion "anti-European".
"The formation of a new government will become their responsibility," he told Reuters. However, Liberal deputy prime minister Catalin Predoiu said his party "must leave its options open".
Romania must continue to shrink its deficit as well as implement reforms in order to tap some 10 billion euros worth of EU recovery and resilience funds before an August cutoff date. The deficit is expected to narrow to 6.2% of economic output this year from more than 9% in 2024.
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Elon Musk Reaches $1.5 Million Settlement With SEC Over Twitter Stake
Authored by Aldgra Fredly via The Epoch Times,
Tech billionaire Elon Musk on May 4 agreed to pay $1.5 million to resolve a Securities and Exchange Commission (SEC) lawsuit alleging he violated securities laws over the delayed disclosure of his Twitter stake.
A filing dated May 4 states that Musk’s revocable trust will pay a civil penalty of $1.5 million to the commission as part of the settlement, subject to approval by the court.
According to the filing, once the proposed settlement is approved by the court, the SEC will “file a stipulated dismissal of Elon Musk in his personal capacity, which will resolve this case in its entirety.”
The SEC filed the lawsuit in January 2025, alleging that Musk violated federal securities laws by delaying disclosure of his stake in Twitter before his bid to buy the platform in 2022.
The regulator said Musk crossed the 5 percent ownership threshold in March 2022, triggering a 10-day deadline to make the holding public. Musk did not disclose his holdings until April 2022, when he had already acquired a more than 9 percent stake in Twitter, according to the filing.
The SEC said the delay had allowed Musk to buy shares at “artificially low prices” and enabled him to underpay by at least $150 million for his shares after his beneficial ownership report was due.
Musk had previously sought to have the SEC suit dismissed. In August 2025, his lawyers argued that the SEC targeted Musk over his outspoken criticism of the regulator and “government overreach.”
Separately, in March, a federal jury held Musk liable for misleading Twitter shareholders by driving down the social media platform’s stock price months before acquiring it. The decision followed a civil class action lawsuit filed by Twitter investors in October 2022.
Musk agreed to buy Twitter at $54.20 per share in April 2022 but later sought to back out of the deal, prompting the company to take legal action to enforce the deal. He ultimately completed the acquisition in October 2022 and rebranded Twitter as X.
In a verdict on March 20, jurors found Musk liable for misleading investors through two social media posts he shared in 2022. The first post said the deal was “temporarily on hold” pending verification that bots accounted for less than 5 percent of users on the social media platform.
In the second post, Musk suggested that the percentage of bots could exceed 20 percent and said the buyout of Twitter could not go forward until he received confirmation that it was less than 5 percent. Musk’s legal team has said they plan to appeal the verdict.
Tyler Durden Tue, 05/05/2026 - 08:50