Shareholder slams Johnston Press rescue plan as pensions put at risk

first_imgSunday 18 November 2018 4:28 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostAffluent TimesLily From The AT&T Ads Is Causing A Stir For One ReasonAffluent TimesTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyBeach RaiderColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumBeach Raider James Warrington Ager-Hanssen said today that while jobs had been protected in the short-term he was unhappy at the way the sale had been handled and voiced concerns about the long-term security of jobs under the ownership of a US hedge fund.“Today’s pre-pack was not so much a corporate rescue as a blatant pre-planned corporate theft by bondholders, suitably aided and abetted by Johnston Press’ incompetent and double-tongued board and its chief executive David King,” Ager-Hanssen said in a statement.But sources close to Johnston Press told City A.M. Ager-Hanssen was offered the chance to make a proposal for the sale but had failed to do so, adding that the deal was the best possible resolution to the company’s financial troubles.Johnston Press, which owns 200 titles including the I newspaper, the Scotsman and the Yorkshire Post, put itself up for sale in October and went into administration on Friday after it failed to secure a deal to resolve debts of £220m.The company’s share price soared last week after it was reported that the Daily Mail’s owner was planning to make an offer for the I newspaper. A deal to buy publishing company Johnston Press out of administration puts jobs and pensions at risk, according to the publisher’s largest shareholder.Custos Group chief executive Christen Ager-Hanssen criticised a pre-packaged sale that sees ownership transferred to JPI Media, a newly-formed company owned by the bondholders of Johnston Press, including American hedge fund Goldentree Asset Management. Custos has a stake of over 25 per cent in the publishing giant. Tags: Asset management Pensions Shareholder slams Johnston Press rescue plan as pensions put at risk whatsapp Share The National Union of Journalists (NUJ) also expressed concern about the deal, calling for “meaningful guarantees” to protect jobs and titles at the company.Michelle Stanistreet, NUJ general secretary, said: “We welcome the commitments made by the current management of Johnston Press that no jobs will be lost in this process and the terms and conditions of staff are protected.“However, we have significant concerns about what the long-term intentions of the newly-created company will be. We want meaningful guarantees on the future and integrity of these titles and the livelihoods of staff, and a commitment that this is not a transition leading to a carve-up of the group motivated by asset-stripping rather than a commitment to journalism and publishing.”The NUJ said it will hold further talks with Johnston Press on Monday. But on Saturday the newly-formed JPI Media said it had bought the publishing group in a deal that secures jobs and the future of its titles.It said the bondholders had agreed to reduce the company’s debt by more than 60 per cent to £85m and provide £35m of additional funding. It has also extended debt maturity to December 2023.But the agreement does not secure the company’s defined benefit pension scheme, which will be referred to the government’s Pension Protection Fund (PPF).In a letter to colleagues JPI Media chief executive David King said 250 current staff members could see their future pensions affected.”The negative effects on the scheme are an inescapable consequence of taking the steps needed to ensure the future of the business,” he said. whatsapplast_img read more

News / CKYHE axes Asia-North Europe service as demand and rates hit rock bottom

first_img The CKYHE alliance is cancelling one of its six weekly strings between Asia and North Europe.The move could be the tip of the iceberg of further service withdrawals on the troubled trade, as utilisation levels plummet and freight rates hit rock bottom.From the end of this month the CKYHE will stop its China Europe Shuttle (CES) service, which calls at Felixstowe, Hamburg, Rotterdam and Le Havre in North Europe and deploys 10 8,500 teu ships – mostly supplied by Evergreen.According to Alphaliner, there are reports of rates as low as $100 per teu being offered by desperate carriers as load factors stubbornly remain in the 70%-80% range, despite 30 sailings being cancelled last month alone.And the rival G6 alliance is considering permanently withdrawing its Loop 6 to North Europe following its 11-week suspension to mid-May, said Alphaliner.Container spot rates between Asia and North Europe are close to all-time lows, with last week’s Shanghai Containerized Freight Index (SCFI) at $231 per teu and looking likely to deteriorate further, given anecdotal reports of lower market rates. And general rate increases planned by carriers for next week – already pushed back from 1 March – appear to have little prospect of succeeding in the current climate.The toxic combination of weak demand and overcapacity is also plaguing Asia-Mediterranean services, with the SCFI recording an 11% drop in rates last week to $236 per teu.The equally dire prospects for Mediterranean destinations have prompted the CKYHE carriers and CMA CGM to merge their respective Asia-Adriatic loops, noted Alphaliner.At the end of May, the O3 alliance will redeploy five 18,000 teu-class ships, operated by CMA CGM under its FAL1 Asia-Europe brand, onto the French carrier’s Pearl River Express transpacific service, replacing its 11,000 teu ships.Unless there is a significant pick-up in demand for European ports, other carriers could decide to follow CMA CGM in deploying ultra-large container vessels (ULCVs) onto the transpacific route, not least because there are around 36 ULCVs of 14,000-20,000 teu stemmed for delivery this year alone.However, Alphaliner warns this would exert extra pressure on the Asia-USWC trade and have a negative impact on freight rates. Spot rates on the trade have plunged by over 50% in the past year, despite respectable growth predictions and vessel load factors of around 90%.Meanwhile, with most carriers having lost money in the final quarter of 2015, and trading conditions in the first months of this year appear to be worsening, container lines will need to continue cutting capacity and idling ships if they are to have any prospect of returning to profitability.It follows that shippers will face much uncertainty in their supply chains over the next weeks and months as more sailings are cancelled at short notice or withdrawn altogether by cash-strapped carriers. By Mike Wackett 09/03/2016last_img read more

An Indian drug maker is slammed by FDA for tossing ‘cartloads of trash bags’ filled with documents

first_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Adobe [email protected] About the Author Reprints An Indian drug maker is slammed by FDA for tossing ‘cartloads of trash bags’ filled with documents Ed Silverman Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. GET STARTED What’s included?center_img What is it? Amid global anxiety over the novel coronavirus, a newly issued warning letter by the Food and Drug Administration serves as a reminder that quality manufacturing needs to remain a priority.Consider the March 17 missive sent to Windlas Healthcare, which formulates finished medicines for some of the world’s largest drug makers. The company committed several serious infractions that alarmed the agency following an August 2019 inspection of a manufacturing facility in northern India. Log In | Learn More Pharmalot STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. By Ed Silverman March 23, 2020 Reprints @Pharmalot Tags government agenciesSTAT+last_img read more

2018 Remembered – In Pictures: No Leinster glory but Laois supporters in big numbers in Croke Park

first_imgHome We Are Laois 2018 Remembered – In Pictures: No Leinster glory but Laois supporters in… We Are Laois Twitter RELATED ARTICLESMORE FROM AUTHOR By LaoisToday Reporter – 30th December 2018 Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Facebook Previous article2018 Remembered – Some absolute classics in the Laois GAA club player nicknamesNext article2018 Remembered – WATCH: Killenard NS raise the roof with County Final song for O’Dempsey’s LaoisToday Reporter Community WhatsApp SEE ALSO – John Sugrue: Farcical nature of ruling against us – as GAA create culture of rule bending TAGSLaois fansLaois GAALaois Senior FootballSenior Leinster Final Pinterest Twitter WhatsApp Brought to you in association with Jeremiah Grant, Bar and Eatery, PortlaoiseIt was always a big ask for the Laois footballers to beat Dublin in today’s Leinster final.But that didn’t stop the county’s supporters showing up in large numbers to Croke Park.On what was Laois’s third trip to Jones Road this year and second outing of the summers, the blue and white clad fans went by bus, train and car with many more of the Laois ex-pats in Dublin making a day out of it too.After wins over Wexford, Westmeath and Carlow, Dublin proved a step up.They got off to a great start with a goal from Ciaran Kilkenny after just three minutes and a free from Dean Rock moments later. Laois rallied well to be level midway through the half but Dublin enjoyed the bulk of the possession and at half time led 1-8 to 0-5.Laois battled on manfully in the second half but Dublin always had enough in hand.For Laois the season isn’t over yet. They have a Round 4 Qualifier in two weeks and if they win that then they’ll have three games in the Super 8s.So while today didn’t yield victory, there could still be plenty more big days out in 2018.Our photographer Julie Anne Miller captured a selection of great images of supporters before the game. Council Facebook We love a good celebration here at Laois Today and Laois’ 2018 season had much to celebrate. The Laois fans were out in force in Croke Park for Leinster Final day and made the most of the big day out. See you all back there in 2019!  Pinterest 2018 Remembered – In Pictures: No Leinster glory but Laois supporters in big numbers in Croke Park Community New Arles road opens but disquiet over who was invited to official opening Laois secondary school announces scholarship winners for new academic yearlast_img read more

Wins for Laois Masters, Arles-Killeen and all Saturday’s GAA results

first_img RELATED ARTICLESMORE FROM AUTHOR TAGSGAA results Here are all of Wednesday’s Laois GAA results Wins for Laois Masters, Arles-Killeen and all Saturday’s GAA results GAA Facebook WhatsApp Twitter Previous articleLaois camogie get All-Ireland intermediate championship campaign off to a winning startNext articleDeaths in Laois – Sunday, June 16, 2019 Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Twitter 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Home Sport GAA Wins for Laois Masters, Arles-Killeen and all Saturday’s GAA results SportGAA By Alan Hartnett – 15th June 2019 Facebook WhatsApp GAA It was a very busy day with county action in hurling, camogie and football along with a couple of domestic games.The Laois U-20s, senior hurlers and camogie teams all enjoyed positive results while so too did the Laois Masters teams.In their first go at Over-40s football, Laois have now won three games on the spin and are closing in on an All-Ireland championship semi final place.Following an opening round defeat to Dublin, Laois went on to defeat Westmeath and Kildare before today’s win over Mayo.With games against Clare and Tyrone to come, the Masters are really motoring.Meanwhile, there was one game of significance on the domestic front as Arles-Killeen and Killeshin met in their re-arranged Division 1B game which had been postponed on Thursday due to a bereavement.Killeen needed the win to keep pressure on Courtwood and Ballylinan who sit in the promotion places above them and they led 1-10 to 0-6 at half time with Ian Scully scoring the goal.Scully, Sean O’Shea, Conor Keightley, Brendan O’Shea and Aidan O’Rourke pointed for Killeen while Donie Brennan sealed the deal with their second goal to complete a seven point win over Killeshin which leaves them just one point clear of the drop zone – albeit they have a game on hand over Mountmellick and St Joseph’s who are directly below them.Check out all the results and links to the reports below:RESULTSJoe McDonagh Cup Round 4Laois 1-22 Westmeath 1-22 – SEE REPORT HEREAll-Ireland Intermediate Camogie Championship Round 1Derry 0-14 Laois 1-14 – SEE REPORT HEREAndrew Corden Cup U20FL Round 5Waterford 1-7 Laois 7-14 – SEE REPORT HEREBoI Celtic Hurling Challenge “Corn William Robinson” Quarter-finalGalway Tribesmen 2-15 Laois 1-11Laois Shopping Centre ACFL Division 1BArles-Killeen 2-16 Killeshin 0-15Laois Shopping Centre ACHL Division 5 Group A Round 6Mountmellick V Camross 6pmSEE ALSO – Eight Talking Points as Laois hurlers maintain unbeaten record ahead of Joe McDonagh final GAA Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Pinterest Pinterestlast_img read more

North Korea declares start of “special security period” in Sino-North Korean…

first_img North Korea hikes “party contributions” Russia-based workers must pay by 30-55% Facebook Twitter News AvatarLee Sang YongLee Sang Yong is editor-in-chief of Daily NK and previously spent a number of years working as one of the publication’s foreign correspondents in China. He can be reached at [email protected] RELATED ARTICLESMORE FROM AUTHOR News News center_img SHARE Hamhung man arrested for corruption while working at a state-run department store North Korea recently declared the start of a “special security period” in the Sino-North Korean border region in the runup to the Eighth Party Congress, which is scheduled to take place in early January, Daily NK has learned.The declaration was made in an order handed down on Dec. 26 by North Korea’s Central Committee and Cabinet, a Yanggang Province-based source told Daily NK yesterday.The special security period will last from Dec. 28 to Jan. 15, based on the order seen by the source. Pyongyang’s special security period, in contrast, is only expected to last until Jan. 9.The special security period will last until Jan. 15 in the border region because localities will likely be holding “rallies” with local representatives who will have returned home from Pyongyang after the Eighth Party Congress.The move to declare the special security period in the Sino-North Korean region may also be part of efforts to prevent defections and other “unseemly” incidents from occurring in the area. Daily NK recently confirmed a report, for example, that suggests an armed North Korean soldier defected across the border to China earlier this month.Statues of Kim Il Sung and Kim Jong Il inside the Kumsusan Palace of the SuStatues of Kim Il Sung and Kim Jong Il inside the Gumsusan Palace of the Sun. Image: Rodong SinmunInterestingly, the order directs locals to actively “protect” statues of Kim Il Sung and Kim Jong Il, along wall murals of the leaders, for around 20 days. The authorities have reportedly claimed that locals must “prepare for an attack from enemies” and ensure there are no electricity “blackouts” during the period.The order also directs locals to take part in efforts to secure the Sino-North Korean border. What this means is that one person from each household much participate in two-person teams that will patrol the border.Moreover, the order calls for the elimination of any “abnormal behavior,” such as international phone calls, money-changing activities, and any attempts to cross over the border into China.According to the source, the order also states that “not one person must die” during the special security period. The emphasis on preventing any mishaps before or during the Eighth Party Congress appears to be connected with the broader propaganda push to make the congress the impetus for a “major change” in the country.Locals, however, are calling the new order “abnormal” and complaining that, despite the passage of time, the government still does not seem to have any answers to the problems confronting the country.Some locals are arguing that the “80-day battle” has made an “even bigger mess of production and labor,” and that the government does not understand the realities faced by the people, some of whom are dying of starvation. Locals are even complaining that the government is “just handing them rice and potatoes in the hope they won’t die.”Please direct any comments or questions about this article to [email protected] in Korean North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) last_img read more

Joint IRD/KSAC Tax Compliance Drive Nets Increase in Revenue

first_imgRelatedJoint IRD/KSAC Tax Compliance Drive Nets Increase in Revenue RelatedJoint IRD/KSAC Tax Compliance Drive Nets Increase in Revenue Advertisements RelatedJoint IRD/KSAC Tax Compliance Drive Nets Increase in Revenuecenter_img FacebookTwitterWhatsAppEmail Revenue from trade licenses has increased by $22 million for May to July, under a joint compliance drive of the Kingston and St. Andrew Corporation (KSAC) and the Inland Revenue Department (IRD).Making the disclosure at a joint press briefing with the KSAC, held at the Corporation’s Church Street offices on Monday (Aug. 4), Commissioner of Inland Revenue, Viralee Lattibeaudiere said for the first three months of the operation, $38 million was collected for trade licenses overall, while for the corresponding period last year, only $15 million was collected for the entire island. Only $3 million of this total was collected by the KSAC for the entire year. This year, $15 million of the total, was collected by the KSAC, between May and July.“So the KSAC and the other Parish Councils benefited from this joint effort between the KSAC and the IRD,” Mrs. Lattibeaudiere told journalists. The KSAC/IRD operation, which started on May 5, aims to increase compliance; identify business persons trading without the requisite license; and educate prospective business operators and the public on matters of trade license and property tax.“In recent times, the local government has become self-reliant, in that the significant sources of their revenue, comes from trade licenses and property tax. The level of compliance for trade licenses up to May 5, was just 10 per cent. Together, we are working assiduously with the Council to increase this level of compliance,” the IRD Commissioner assured.She informed that some 253 assessments have been issued in Kingston and St. Andrew (KSA) with 713 businesses visited over the May to July period.“We have suspended the operation because of (the tax) amnesty, but we will continue as of the 11th August, until August 31 in KSA. After which we will move that same team to Portmore, to drive the compliance there, because we have now opened a new facility in Portmore,” she explained.Mrs. Lattibeaudiere said a team will also be dispatched to Port Maria to carry out the drive there, and would return to Kingston and St. Andrew in November, to complete its task.Meanwhile, the IRD Commissioner implored the public to take advantage of the ongoing tax amnesty, and to pay up arrears. “We have outstanding over $6.3 billion in property tax arrears throughout the island, with Kingston and St. Andrew having $1.2 billion in arrears. The IRD will be pulling out all stops to get compliance in this and all other tax drives,” she stated.Mrs. Lattibeaudiere disclosed that persons would be recruited for training as bailiffs and that space would be rented to store goods that would be seized where necessary. She said the relevant legislation, which allowed for the sale of property for taxes, would also be widened. “This is how serious we are going to get. I urge individuals to heed the Minister’s call to pay up arrears. It will not be business as usual,” she warned.In his remarks, Mayor of Kingston, Senator Desmond McKenzie said, “When we started the drive as it relates to trade licenses, we thought that we were just running down a few traders. What I did not know was that I was opening a can of worms. What we have seen so far, since we started the drive, is a very frightening but also encouraging sign.”He pointed out that the increase in collections proved that “persons are aware of their responsibilities, but people need somebody to push them to get this thing done. We are happy with this multi-agency approach.” Joint IRD/KSAC Tax Compliance Drive Nets Increase in Revenue UncategorizedAugust 8, 2008last_img read more

Mastering the not-so-festive dance of Christmas mall parking

first_img Decorations are up and Christmas music is playing in almost every store you visit; yup, it’s that festive time when when you’d give your kingdom for a parking spot and people consider causing bodily harm to others to celebrate the season. When you do have to make the inevitable trips to the mall for gifts (or even just deodorant and toothpaste), just make sure you don’t give away your self-respect, your health and your ethical centre while you’re at it. Here are a few tips to navigate parking lots in the festive season. Never take a handicapped parking spot unless the person the tag belongs to is shopping. Never, ever, ever. You will go to hell if you do this. Do not leave a person with mobility challenges in the car like a placeholder while you take advantage of that sticker. When you get to hell, the waiting room will be full of people who have done this. Their number will never be called, so they will essentially spend their eternity in a waiting room in hell.Stay out of the electric car charging spots if you’re not charging your EV. I don’t care if you think EVs are some communist plot against the eternal combustion engine; there will come a time when those charging stations will be a little further out from the main doors and not seem like such a perq. Flipside, if you’re charging your Leaf and you’re shopping for a long time, go take it off its umbilical cord and give someone a shot at those limited spaces. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca ‹ Previous Next › Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Shoppers brave the cold and packed parking lot at West Edmonton Mall to finish up their Christmas shopping in Edmonton. RELATED Trending Videos The Rolls-Royce Boat Tail may be the most expensive new car ever Accessible parking spots are a magnet for selfish driversThe pregnant/little kids spots are up for grabs. I don’t take them, but I don’t care much if the unpregnant/child unencumbered do. Your level of festiveness may vary with how many times you’ve circled the lot.If you are retired or have a flexible schedule (like say, a freelance writer) stay out of the malls after 6 pm and on weekends, if you can. This is the only time those with rigidly structured days can get there, so take pity and clear the runway. And, to be honest, if you don’t have to be there at those times, who would want to be?Enter that parking lot with an open mind. Be relaxed. Assume you will be here for a long time, not a good time. Head to the back of the lot, no, farther, nope, a little more, there. It’s a nice night for a brisk walk.Every time you shrug off that someone stole “your” spot, an angel gets its wings. Every time you honk your horn, an angel has its wings plucked off.Back into your spots. I don’t do this at grocery stores because I need to access my trunk with a shopping cart. But it’s a safer option and you can probably get your bags in your car, and minimize the risk of hitting someone or something as you pull out. People are stupid in parking lots, in the dark, in a hurry, at Christmas. You still don’t get to hit them, and you’d feel really bad if you did.Use your signals. Appreciate that others actually don’t have any idea how long you’ve been waiting for a spot, and aren’t zipping into one that opens up to spite you. At a deli we all have a number; in a parking lot, it’s law of the jungle.If you’re heading to your car and you notice you have a parking stalker, creeping along in their car and waiting for your soon-to-be vacant spot, let them know you’re about to weave through six lanes of parked cars and they’re free to follow you. Also let them know if you’re just dropping things off and are going back in for Round Two.Some places have concierge parking services. Use it if you can afford it and consider it the gift you give yourself. Because they used dedicated lots, it also takes one more car from the general bedlam of the main lots.If you have to make a call or a text, please, please do it in the mall before you leave. The passive aggressive parking spot squatters are worse than parking spot thieves. Getting in your car and having a twenty minute conversation at this time of year is, of course, your right. It is also rude. There are actual studies that show people take longer to exit a spot if they know someone is waiting for it. The studies were done before cell phones, so I wish someone would update them because I guarantee it’s gotten worse. We’re better than this. Aren’t we?If your blood pressure is climbing, pull away. Seriously. Extricate yourself, even if you’re “right” from anything contentious. Another loop of the lot is better than confrontation. Several people were shot over parking spots in the U.S. during Black Friday sales. I never thought I would live long enough to write that sentence. Then again, there are many sentences I thought I’d never write regarding the U.S. center_img COMMENTSSHARE YOUR THOUGHTS advertisement RELATED TAGSNewsChristmasUnited States Trending in Canada See More Videos Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Or, do what I do. Stay home and order online. last_img read more

Hybrid powertrains may be inevitable for BMW’s M division

first_img See More Videos The Rolls-Royce Boat Tail may be the most expensive new car ever Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Trending Videos Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2017 BMW M2 But for now, enthusiasts can rest assured. Hacker confirmed that as long as emissions laws allow, BMW’s M vehicles will be powered only by internal-combustion engines. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca RELATED TAGSBMWElectricGreenHybridPerformancePlug-in hybridElectric VehiclesHybridsNew VehiclesPerformance VehiclesSustainabilityAutomotive TechnologyBMW AGBMW M SeriesCars and Car DesignClean Air PolicyCulture and LifestyleDomestic PolicyDr. Ing. h.c. F. Porsche AGEnvironmental PolicyGovernment and PoliticsHybrid VehiclesPolitical PolicyPoliticsScience and TechnologyTechnologycenter_img COMMENTSSHARE YOUR THOUGHTS ‹ Previous Next › We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. It may sadden some diehard enthusiasts, but hybrid powertrains are the next logical step for BMW‘s M division. “We cannot avoid the need for electrification and it is true that we are working on hybrid power already,” Dirk Hacker, vice president of BMW’s M division, told Autocar.However, just like Porsche, BMW M is facing weight issues. Weight is usually the enemy for handling and overall performance, yet emissions standards might force BMW to follow through with electrifying its performance division. Trending in Canada advertisementlast_img read more