$100K Aston Martin Not Fit for U.S. Roads (Maybe)

July 17 (Bloomberg) –- Aston Martin has dropped the price of its 2015 Vantage GT to a $99,900 -- an entry-level price for the exclusive car maker. But the Vantage GT may not be available in the United States for long because the car doesn’t meet U.S. crash standards. Aston Martin is now asking to be exempt from the rules on the basis of “substantial economic hardship.” The National Highway Traffic Safety Administration has until September to decide whether to allow the company to continue selling the car. Is it worth grabbing one while you still can? Bloomberg's Matt Miller reports. (Source: Bloomberg)

Ermotti: UBS Operating in a `Challenging' Environment
55:33 - UBS Group AG said profit slipped 14 percent in the second quarter as both wealth management and investment banking generated less revenue during a rocky period for markets. Net income fell to 1.03 billion Swiss francs ($1.05 billion), from 1.21 billion francs a year earlier, the Zurich-based bank said in a statement Friday. That beat the 668 million-franc average of five analyst estimates compiled by Bloomberg. UBS CEO Sergio Ermotti told Bloomberg's Manus Cranny in Zurich the lack of visibility has an impact on clients’ risk aversion, saying “at this stage, our job is to stay close and try to find the right risk profile for clients. Many of them want to be extremely conservative.” Ermotti added that Brexit is posing “a lot of challenges” to the U.K. and the rest of Europe but UBS has a “high degree of flexibility.”
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