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FIAT 500X; the smaller SUV

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2016 is slated to be the year of the crossovers and Fiat has declared itself a challenger with the all new 2016 FIAT® 500X. The 500X promises to provide innovation, functionality and Italian style. FIAT says the 500X is a new and improved version of the 500 with designers and engineers taking the 500 and adding more space, utility, driver-centric amenities, capability and advanced safety and security features.

The FIAT 500X line also features five trim levels to allow consumers to choose their personal style. The FIAT 500X Street Series includes the Pop, Easy and Lounge models. Meanwhile, the FIAT 500X Trekking and Trekking Plus models feature a more athletic look.

Speaking with the Businessuite Magazine team during a recent launch of the Shaggy and Friends concert, Head of Brand Communications for North America, Susan Thompson, said the FIAT 500X can be thought of as a smaller SUV.

Emissions scandal
Meanwhile, Thompson says while the company finds the recent VW emissions scandal heartbreaking, it has not negatively impacted sales.


FIAT was among several brands which became embroiled in the emissions scandal, after they were found to emit higher levels of pollution in tests closer to real-life driving conditions than during EU emissions tests.

The emissions scandal began when it was revealed that Volkswagen was using illegal software in their cars that could manipulate emissions and cheat US governmental tests. The software could detect when the car was being tested and cause it to emit much lower NOx levels than it would usually emit during normal driving.

The CEO of Volkswagen, Martin Winterkorn, resigned after the scandal came to light, and the company is currently undergoing the recall of an estimated 11 million vehicles that contain the illegal.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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