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author explores rené benko's rise and fall in new novel

Matthias Ackeret's new novel, "Der Magier von Hiva Oa," draws inspiration from the life of fallen real estate developer René Benko, featuring a protagonist named Remo Blanko. Ackeret explores Benko's extraordinary rise and subsequent downfall, questioning the legal implications of his actions while expressing a desire to understand Benko's mindset during his empire's collapse. Despite sending a letter to Benko, Ackeret has yet to receive a response.

auto industry shifts focus to cost efficiency amid electric vehicle challenges

The automotive industry is undergoing a significant shift as companies aim to cut costs after years of excessive spending on electric and autonomous vehicles. Major players like GM and Ford are laying off thousands and restructuring to enhance capital efficiency, while Stellantis faces challenges despite achieving cost reductions post-merger. Analysts highlight the need for collaboration and shared resources to avoid the wasteful practices that have plagued the sector.
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