Volkswagen plans to take on Tesla’s Model X in China

Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up production of zero emissions vehicles. The planned new SUV is the latest move in Volkswagen’s aggressive growth strategy in China, where electric cars are given preferential treatment by authorities. VW Chief Executive Herbert Diess said the ID ROOMZ will be the flagship electric car to be launched by Volkswagen in China.


Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up production of zero emissions vehicles. The planned new SUV is the latest move in Volkswagen’s aggressive growth strategy in China, where electric cars are given preferential treatment by authorities. VW Chief Executive Herbert Diess said the ID ROOMZ will be the flagship electric car to be launched by Volkswagen in China.
Volkswagen plans to take on Tesla’s Model X in China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: picture alliance, getty images
Keywords: news, cnbc, companies, cars, car, production, teslas, china, id, suv, volkswagen, vw, plans, groups, electric, roomz, model


Volkswagen plans to take on Tesla's Model X in China

Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla’s Model X as the German carmaker ramps up production of zero emissions vehicles.

The planned new SUV is the latest move in Volkswagen’s aggressive growth strategy in China, where electric cars are given preferential treatment by authorities.

VW said its ID ROOMZZ, which it presented in Shanghai on Sunday, will have three rows of seats and an operating range of up to 450 kms. The concept car is capable of a “level 4 autonomous driving”, VW said.

VW Chief Executive Herbert Diess said the ID ROOMZ will be the flagship electric car to be launched by Volkswagen in China.

“We plan to produce more than 22 million electric cars in the next 10 years,” Diess said, adding that around half of VW’s engineers were working on products destined for China.

Diess said the ID ROOMZ would eventually be rolled out to other markets.

To enhance the VW Group’s research and development capabilities, Volkswagen and its premium brand Audi will combine their R&D operations in China.

VW brand’s head of e-mobility Thomas Ulbrich said the carmaker will start ramping up production of 33 electric cars by mid-2023, using VW Group’s modular electric car (MEB) platform to build electric cars for the Skoda, Seat, Audi and VW brands.

Ulbrich said VW Group is converting 16 factories worldwide to enable mass production of electric vehicles, of which eight plants will be making VW branded car.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: picture alliance, getty images
Keywords: news, cnbc, companies, cars, car, production, teslas, china, id, suv, volkswagen, vw, plans, groups, electric, roomz, model


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The ‘self-discovery’ trip Barack Obama took in his 20s—plus bucket list places he’s visiting soon

I had graduated from college, I had already worked,” Obama told Hilton CEO and WTTC chairman Christopher Nassetta. That trip was memorable because it was part of my self discovery,” he said. “I still remember taking the bus from Madrid to Barcelona, overnight. I befriended this fellow traveler on the bus who could speak English and I shared with him some bread and he shared with me some wine. And we arrived in Barcelona and it was just daybreak and I remember walking toward Las Ramblas.


I had graduated from college, I had already worked,” Obama told Hilton CEO and WTTC chairman Christopher Nassetta. That trip was memorable because it was part of my self discovery,” he said. “I still remember taking the bus from Madrid to Barcelona, overnight. I befriended this fellow traveler on the bus who could speak English and I shared with him some bread and he shared with me some wine. And we arrived in Barcelona and it was just daybreak and I remember walking toward Las Ramblas.
The ‘self-discovery’ trip Barack Obama took in his 20s—plus bucket list places he’s visiting soon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: jimmy im, jack brockway, getty images, peter macdiarmid, getty images news
Keywords: news, cnbc, companies, bucket, id, visiting, hes, selfdiscovery, remember, bus, list, trip, soon, places, europe, obama, wine, took, barcelona, memorable, shared


The 'self-discovery' trip Barack Obama took in his 20s—plus bucket list places he's visiting soon

A solo trip through Europe and Kenya when he was a young adult was “memorable” and “special,” Obama said at the World Travel & Tourism Council’s Global Summit 2019, and it taught him a lot about himself.

“I was already in my mid-20s. I had graduated from college, I had already worked,” Obama told Hilton CEO and WTTC chairman Christopher Nassetta.

But “I’d never traveled to Europe before. That trip was memorable because it was part of my self discovery,” he said.

“…I did not have any money,” Obama said. “I was traveling alone. In Europe, I was in these ‘pensiones’ [hostels] and I’d basically buy a baguette and cheese and ate that every day, and some wine on occasion.

“I still remember taking the bus from Madrid to Barcelona, overnight. My Spanish wasn’t very good. I befriended this fellow traveler on the bus who could speak English and I shared with him some bread and he shared with me some wine. And we arrived in Barcelona and it was just daybreak and I remember walking toward Las Ramblas. The sun was coming up…


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: jimmy im, jack brockway, getty images, peter macdiarmid, getty images news
Keywords: news, cnbc, companies, bucket, id, visiting, hes, selfdiscovery, remember, bus, list, trip, soon, places, europe, obama, wine, took, barcelona, memorable, shared


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How to get Face ID to work with sunglasses on Apple iPhone

Face ID on Apple’s newest iPhones is already really fast, but it requires that you look directly at the phone to unlock it. This adds an extra level of security to Face ID. You can remove this security feature to make Face ID even faster and more convenient by deactivating a default option that requires your attention. Your iPhone is still secure and Face ID still requires your face to unlock, but it gives you a little wiggle room to wear sunglasses if you’ve had trouble using them with Face ID.


Face ID on Apple’s newest iPhones is already really fast, but it requires that you look directly at the phone to unlock it. This adds an extra level of security to Face ID. You can remove this security feature to make Face ID even faster and more convenient by deactivating a default option that requires your attention. Your iPhone is still secure and Face ID still requires your face to unlock, but it gives you a little wiggle room to wear sunglasses if you’ve had trouble using them with Face ID.
How to get Face ID to work with sunglasses on Apple iPhone Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-03  Authors: todd haselton
Keywords: news, cnbc, companies, security, iphone, id, work, recognize, apple, requires, unlock, sunglasses, looking, face, youre


How to get Face ID to work with sunglasses on Apple iPhone

Face ID on Apple’s newest iPhones is already really fast, but it requires that you look directly at the phone to unlock it. Even then, it sometimes won’t recognize if you’re wearing certain types of sunglasses. This adds an extra level of security to Face ID.

You can remove this security feature to make Face ID even faster and more convenient by deactivating a default option that requires your attention.

Your iPhone is still secure and Face ID still requires your face to unlock, but it gives you a little wiggle room to wear sunglasses if you’ve had trouble using them with Face ID. It also makes things a bit faster if you’re doing something else, like talking to someone or looking at a computer screen.

Here’s how to tweak Face ID so that your iPhone can recognize you even when you’re not looking at it.


Company: cnbc, Activity: cnbc, Date: 2019-04-03  Authors: todd haselton
Keywords: news, cnbc, companies, security, iphone, id, work, recognize, apple, requires, unlock, sunglasses, looking, face, youre


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The VW dune buggy is back but this time it’s all-electric

Volkswagen brought back the spirit of the Californian sun and The Beach Boys at the Geneva Motor Show this week, when it paraded its 21st century version of the dune buggy. The car company has already released a family of electric cars all under an I.D. While shamelessly surfing a wave of nostalgia, the updated dune buggy houses a strong nod to the future with a 62-kWh lithium-ion battery and 201-horsepower electric motor. On roads, the buggy can sprint from zero to 62 miles per hour (100 kmh) i


Volkswagen brought back the spirit of the Californian sun and The Beach Boys at the Geneva Motor Show this week, when it paraded its 21st century version of the dune buggy. The car company has already released a family of electric cars all under an I.D. While shamelessly surfing a wave of nostalgia, the updated dune buggy houses a strong nod to the future with a 62-kWh lithium-ion battery and 201-horsepower electric motor. On roads, the buggy can sprint from zero to 62 miles per hour (100 kmh) i
The VW dune buggy is back but this time it’s all-electric Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: david reid, picture alliance, getty images, the enthusiast network
Keywords: news, cnbc, companies, id, allelectric, zero, vw, electric, company, volkswagen, dune, range, buggy, wave, week


The VW dune buggy is back but this time it's all-electric

Volkswagen brought back the spirit of the Californian sun and The Beach Boys at the Geneva Motor Show this week, when it paraded its 21st century version of the dune buggy.

I.D. Buggy is the latest vehicle from Volkswagen designed to show off the capabilities of VW’s new battery-powered platform that will underpin a range of battery-electric vehicles the company plans to bring to market. The car company has already released a family of electric cars all under an I.D. branding.

While shamelessly surfing a wave of nostalgia, the updated dune buggy houses a strong nod to the future with a 62-kWh lithium-ion battery and 201-horsepower electric motor.

On roads, the buggy can sprint from zero to 62 miles per hour (100 kmh) in 7.2 seconds but maximum speed is electronically limited to 99 mph. Based on Europe’s new performance benchmark, the I.D. Buggy will give a 155-mile range on one charge.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: david reid, picture alliance, getty images, the enthusiast network
Keywords: news, cnbc, companies, id, allelectric, zero, vw, electric, company, volkswagen, dune, range, buggy, wave, week


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One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally

Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce. Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now. “Don’t simply chase this stock because of FOMO [fear of missing out]. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out


Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce. Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now. “Don’t simply chase this stock because of FOMO [fear of missing out]. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out
One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: keris lahiff, michael nagle, bloomberg, getty images, daniel acker, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, baruch, going, 300, chase, twilio, trading, calls, id, bearish, chart, tech, rally, analyst, broke, wedge, stock, fomo


One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally

One cloud tech stock has risen further and faster than all the rest.

Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce.

Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now.

“Don’t simply chase this stock because of FOMO [fear of missing out]. I’d rather miss a move than chase something,” Baruch said on CNBC’s “Trading Nation” on Wednesday. “Yes, Twilio is strong. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. Still, though, I wouldn’t chase this.”

On top of its 12-month surge, the stock has risen 20 percent just this year and reached record highs as recently as this week. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out of this bearish channel earlier this year.

Instead of getting in now, Baruch is waiting for the cloud software stock to come back down to a more attractive entry point.

“It is out above the 50-day, 100-day, 200-day moving averages, but I’d wait for a little bit of a pullback coming into there. Look at a retracement,” said Baruch. Around “$85 or $90 – that’s where you’re going to find value in the stock rather than just chasing it.”

The bottom end of that range at $85 represents a 21 percent drop from Wednesday’s close of $106.87. Twilio first broke above that level last September.

Stacey Gilbert, head of derivative strategy at Susquehanna, says the stock is likely to continue its upward sprint based on market activity.

“Options are the market’s best guess of where the stock is going to be in the future, it’s the positioning of the future, and that remains bullish,” Gilbert said on “Trading Nation” on Wednesday. “So while the stock may be pulling back a little bit [on Wednesday] as a knee-jerk reaction and some profit-taking, I’d make an argument that the sentiment overall remains bullish.”

Twilio fell 7 percent on Wednesday after topping fourth-quarter earnings estimates, but falling short on first-quarter guidance.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: keris lahiff, michael nagle, bloomberg, getty images, daniel acker, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, baruch, going, 300, chase, twilio, trading, calls, id, bearish, chart, tech, rally, analyst, broke, wedge, stock, fomo


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Saudi energy minister: Russia moving ‘slower than I’d like’ on oil cuts

Saudi Arabia’s energy minister said Sunday he’s positive OPEC and partnered nations will meet their production cut commitments to balance oil markets in 2019, despite what he described as a slower than anticipated pace by some. “We’ve already done it, we’ve done enough,” Saudi Energy Minister Khalid al-Falih told CNBC on Sunday in Abu Dhabi, when asked what OPEC’s largest producer would do to balance markets this year. Russia was more reluctant to cut its output, as its growth is heavily depende


Saudi Arabia’s energy minister said Sunday he’s positive OPEC and partnered nations will meet their production cut commitments to balance oil markets in 2019, despite what he described as a slower than anticipated pace by some. “We’ve already done it, we’ve done enough,” Saudi Energy Minister Khalid al-Falih told CNBC on Sunday in Abu Dhabi, when asked what OPEC’s largest producer would do to balance markets this year. Russia was more reluctant to cut its output, as its growth is heavily depende
Saudi energy minister: Russia moving ‘slower than I’d like’ on oil cuts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: natasha turak
Keywords: news, cnbc, companies, id, slower, moving, output, cut, theyve, energy, russia, barrels, told, oil, saudi, opec, cuts, weve, minister


Saudi energy minister: Russia moving 'slower than I'd like' on oil cuts

Saudi Arabia’s energy minister said Sunday he’s positive OPEC and partnered nations will meet their production cut commitments to balance oil markets in 2019, despite what he described as a slower than anticipated pace by some.

“We’ve already done it, we’ve done enough,” Saudi Energy Minister Khalid al-Falih told CNBC on Sunday in Abu Dhabi, when asked what OPEC’s largest producer would do to balance markets this year. “Not only the kingdom but other countries, we’ve heard from the Emirates, I’ve talked repeatedly to my colleagues in Iraq, they’ve already taken action,” he told CNBC’s Hadley Gamble.

He then mentioned the performance of the largest non-OPEC producer that’s partnered with the cartel on cuts: “Russia has started, slower than I’d like, but they’ve started, and I am sure as they did as in 2017 they’ll catch up and be a positive contributor to re-balancing the market.”

OPEC members, along with several other countries, in December agreed on output cuts totaling 1.2 million barrels per day in order to stem a sinking market and support their own export-dependent economies. “OPEC plus” refers to the group’s cooperation with the non-OPEC producers like Russia and other former Soviet states, as well as Mexico. Russia was more reluctant to cut its output, as its growth is heavily dependent on robust crude exports.

Russia has initially let the Saudis shoulder the bulk of output cuts. The top OPEC ally, which in late 2016 began a cooperation agreement with Riyadh to stabilize oil prices, has often said that $60 per barrel is enough to meet its economic needs. Moscow in December said it would cut production by 50,000 to 60,000 barrels a day in January, while Saudi pledged a cut of 900,000 barrels.


Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: natasha turak
Keywords: news, cnbc, companies, id, slower, moving, output, cut, theyve, energy, russia, barrels, told, oil, saudi, opec, cuts, weve, minister


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Cramer’s game plan: Entering earnings season with more risk ‘than I’d like’

Even though the stock market has recovered from its late 2018 lows, Wall Street might not be in the clear as it enters its next earnings season, CNBC’s Jim Cramer warned on Friday as stocks ended the week higher. “Next week, we find out if this move’s been warranted based on earnings, not merely hope,” he said. “Fortunately, most stocks are still well off their highs, but they’ve rebounded enough that there’s a lot more risk going into these earnings than I’d like.” Calling the past week “tumult


Even though the stock market has recovered from its late 2018 lows, Wall Street might not be in the clear as it enters its next earnings season, CNBC’s Jim Cramer warned on Friday as stocks ended the week higher. “Next week, we find out if this move’s been warranted based on earnings, not merely hope,” he said. “Fortunately, most stocks are still well off their highs, but they’ve rebounded enough that there’s a lot more risk going into these earnings than I’d like.” Calling the past week “tumult
Cramer’s game plan: Entering earnings season with more risk ‘than I’d like’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, stocks, warned, weakness, turned, game, risk, week, youve, wall, id, plan, cramers, entering, warranted, season, earnings, cramer


Cramer's game plan: Entering earnings season with more risk 'than I'd like'

Even though the stock market has recovered from its late 2018 lows, Wall Street might not be in the clear as it enters its next earnings season, CNBC’s Jim Cramer warned on Friday as stocks ended the week higher.

“Next week, we find out if this move’s been warranted based on earnings, not merely hope,” he said. “Fortunately, most stocks are still well off their highs, but they’ve rebounded enough that there’s a lot more risk going into these earnings than I’d like.”

Calling the past week “tumultuously positive,” the “Mad Money” host said next week “will be the craziest reporting period … you’ve seen in ages.”

“Why? Despite Fed Chief Jay Powell’s endless protestations that the economy’s really robust, I bet we’ll hear more about weakness than strength,” he said.

With that in mind, Cramer turned to his game plan for the week ahead:


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, stocks, warned, weakness, turned, game, risk, week, youve, wall, id, plan, cramers, entering, warranted, season, earnings, cramer


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How Kelly Clarkson went from broke to winning ‘American Idol’

She even found paid gigs: “I worked at Six Flags — I did the singing and dancing, like all those shows. Any option that was available to make money singing, I was like, ‘OK.'” She tells Raz: “I had a lot of older friends that I watched go to college and just waste their time. She was 18 years old and broke but had peace of mind knowing that, “if it’s the wrong decision, it’s fine. “So, I don’t know, I’ve just always known it’ll work out as long as you’re working your ass off.”


She even found paid gigs: “I worked at Six Flags — I did the singing and dancing, like all those shows. Any option that was available to make money singing, I was like, ‘OK.'” She tells Raz: “I had a lot of older friends that I watched go to college and just waste their time. She was 18 years old and broke but had peace of mind knowing that, “if it’s the wrong decision, it’s fine. “So, I don’t know, I’ve just always known it’ll work out as long as you’re working your ass off.”
How Kelly Clarkson went from broke to winning ‘American Idol’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: kathleen elkins, matt winkelmeyer, getty images entertainment, getty images, kevin winter, -kelly clarkson
Keywords: news, cnbc, companies, clarkson, went, youre, id, worked, american, idol, money, kelly, wrong, working, work, way, college, winning, broke, singing


How Kelly Clarkson went from broke to winning 'American Idol'

Clarkson, who grew up in a small town in Texas, recalls singing everywhere as a teen: in the shower, in her room, in choir competitions and, once, in an opera production put on by a local college. “Literally, I’d sing anywhere,” she says.

She even found paid gigs: “I worked at Six Flags — I did the singing and dancing, like all those shows. Any option that was available to make money singing, I was like, ‘OK.'”

She earned a few music scholarships but decided to forego college and move to Los Angeles to pursue her dream of becoming a backup singer. She tells Raz: “I had a lot of older friends that I watched go to college and just waste their time. … I knew that I’d rather go out and almost like an apprentice-style, just start doing background vocals for people and then just kind of work my way up. So I chose to move to L.A. randomly.”

She was 18 years old and broke but had peace of mind knowing that, “if it’s the wrong decision, it’s fine. You can always go back to school. And even if I didn’t get a scholarship, I already had like four jobs. I hustled to make money because I had to for my car, gas.

“So, I don’t know, I’ve just always known it’ll work out as long as you’re working your ass off.”


Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: kathleen elkins, matt winkelmeyer, getty images entertainment, getty images, kevin winter, -kelly clarkson
Keywords: news, cnbc, companies, clarkson, went, youre, id, worked, american, idol, money, kelly, wrong, working, work, way, college, winning, broke, singing


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John Delaney says every American should have health care ‘as a right’

CNBC’s John Harwood sat down with Congressman John Delaney (D-MD) who’s leaving Congress to run for president. Delaney: I think we should have universal healthcare. Every American should have healthcare as a right, I think it’s a human right. What would do is basically create a new system for everyone from when they’re born to when they’re 65. Maybe over time those things could merge together, but right now I think I’d leave Medicare alone.


CNBC’s John Harwood sat down with Congressman John Delaney (D-MD) who’s leaving Congress to run for president. Delaney: I think we should have universal healthcare. Every American should have healthcare as a right, I think it’s a human right. What would do is basically create a new system for everyone from when they’re born to when they’re 65. Maybe over time those things could merge together, but right now I think I’d leave Medicare alone.
John Delaney says every American should have health care ‘as a right’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: john harwood
Keywords: news, cnbc, companies, works, healthcare, john, health, universal, medicare, id, american, delaney, 65, theyre, right, think, care


John Delaney says every American should have health care 'as a right'

CNBC’s John Harwood sat down with Congressman John Delaney (D-MD) who’s leaving Congress to run for president. They talked about health care and the best way to get all Americans covered.

Harwood: Medicare-for-all – where are you on that issue?

Delaney: I think we should have universal healthcare. Every American should have healthcare as a right, I think it’s a human right. I also think it’s smart economics.

Harwood: So, is that universal Medicare?

Delaney: No, I would do something different. What would do is basically create a new system for everyone from when they’re born to when they’re 65. And I’d roll Medicaid into that. And then after 65, they’d go to Medicare. Maybe over time those things could merge together, but right now I think I’d leave Medicare alone. It works, people are happy with it. John

Harwood: Would you phase out employment-provided healthcare?


Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: john harwood
Keywords: news, cnbc, companies, works, healthcare, john, health, universal, medicare, id, american, delaney, 65, theyre, right, think, care


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Negotiating tactics: Why location could play a key factor

When she started out in the trade, Collins described it as very male-dominated and at times aggressive, with her having witnessed shouting between some buyers and salespeople. Even though Collins has been described as a “formidable negotiator,” she admits that she has previously hit impasses during the deal-making process. When a resolution doesn’t come easy for Collins however, she has an extra card to play if needed: change the environment. We’re going to The Ritz for tea’ and he went ‘What?’


When she started out in the trade, Collins described it as very male-dominated and at times aggressive, with her having witnessed shouting between some buyers and salespeople. Even though Collins has been described as a “formidable negotiator,” she admits that she has previously hit impasses during the deal-making process. When a resolution doesn’t come easy for Collins however, she has an extra card to play if needed: change the environment. We’re going to The Ritz for tea’ and he went ‘What?’
Negotiating tactics: Why location could play a key factor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: alexandra gibbs, ian watson usa network nbcu photo bank, nbcuniversal, getty images, credit, chris hopkins, seventyfour, istock, getty images plus
Keywords: news, cnbc, companies, ritz, tactics, play, factor, come, location, described, key, going, extra, tea, id, collins, witnessed, started, negotiating


Negotiating tactics: Why location could play a key factor

When she started out in the trade, Collins described it as very male-dominated and at times aggressive, with her having witnessed shouting between some buyers and salespeople. Instead of following the crowd however, the businesswoman chose to take an alternative response.

“When I started dealing with people at my level and slightly higher, we’d be polite to each other, I’d go through the figures, I’d be quite charming with them — and I seemed to get much better deals than my older, male colleagues,” said Collins, MediaCom U.K.’s managing director, to CNBC Make It.

Even though Collins has been described as a “formidable negotiator,” she admits that she has previously hit impasses during the deal-making process. When a resolution doesn’t come easy for Collins however, she has an extra card to play if needed: change the environment.

“I remember I was negotiating with someone from (U.K. newspaper) the ‘Mail on Sunday’,” she said, recalling how the pair kept on failing to reach a solution.

“(One time,) he walked into the office and I said ‘Uh-uh, turn around. Out. We’re going to The Ritz for tea’ and he went ‘What?’ and I said, ‘I booked a table, we’re going to The Ritz for tea. There’s a car waiting, come on, we’re going.’ And we got there, and within about half an hour, we’d done the deal,” Collins added.

“I think it’s just about taking yourself out of your normal environment,” she added when talking about going the extra mile, explaining how the client was “a bit on the back-foot as he wasn’t expecting that” response from her.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: alexandra gibbs, ian watson usa network nbcu photo bank, nbcuniversal, getty images, credit, chris hopkins, seventyfour, istock, getty images plus
Keywords: news, cnbc, companies, ritz, tactics, play, factor, come, location, described, key, going, extra, tea, id, collins, witnessed, started, negotiating


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