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NBN Co is now projecting revenue of $3.9 billion in FY20, down $1 billion from its previous forecasts.
The government-owned company today released an update of its corporate plan which covers the period 2019-2022, revealing that it expected peak funding for the new network to be $51 billion — within the range forecast in its previous plan but still $2 billion higher than expected.
NBN Co said that it would seek the additional $2 billion from private sector debt. The revised peak funding projection follows a government decision in late 2016 to loan NBN Co $19.5 billion to make up a shortfall between Canberra’s equity contribution and the cost of the rollout.
NBN Co argues that the changes in its forecasts are a result of its focus on improving customer experience.
The impact on peak funding came from three sources, NBN Co said: The company’s changes
Owners of big SUVs drive their vehicles more miles every year than any other type of vehicle, according to data from a website that lists more than 4 million new and used vehicles for sale.
The Chevrolet Suburban is the most-driven car or SUV, with dealers reporting an average of 14,299 miles a year – 25.1 percent more than the average – according to auto research and shopping website iseecars.com.
The GMC Yukon, Chevy Tahoe and Toyota Sequoia – also all large SUVs – finished Nos. 2-4.
Honda’s Odyssey minivan was the only non-SUV to make the top 10. The highest Ford vehicle was the Expedition large SUV, coming in ninth with 13,112 miles drive per year.
Wendy Bahr has announced her decision to vacate her role as senior vice president of global partner organisation at Cisco, resigning from the vendor after 18 years.
A veteran of both Cisco and the channel, Bahr confirmed her intention to leave the tech giant via an internal email, as first reported by CRN.
“My decision came down to knowing this is the right time for me personally,” wrote Bahr, according to CRN. “I’m not sure what’s next, but I am excited for the next chapter in my career and I will leave knowing the company is firmly positioned for great success.”
Bahr will remain in the role until a replacement is hired before November, with Chuck Robbins – CEO of Cisco – taking to social media to praise the outgoing executive.
“Special thanks to @wybahr for all of your great contributions to @Cisco –
FRYEBURG — An unlicensed 15-year-old girl driving an SUV with seven juvenile passengers crashed into a tree before fleeing into the woods Friday morning, according to the Fryeburg Police Department.
The white 1999 Cadillac Escalade was taken without permission from a residence on Meadow Lane, Fryeburg Police Chief Joshua Potvin wrote in a statement. The crash occurred at about 3:30 a.m., police said.
Fryeburg police officers found the minors quickly. Two of them were taken to Maine Medical Center in Portland for treatment of injuries that were not considered life threatening. Three passengers were treated at the scene for minor injuries.
The names of the driver and occupants will not be released because of their young ages, Potvin said.
Potvin said criminal charges for those involved are likely.
“This crash is still under investigation,” he said. “Speed coupled with driver inattention and experience appear to be causing factors. The occupants are extremely fortunate to be
DEAR CAR TALK: I had my 2000 Cadillac Escalade towed to the mechanic, and he determined that my battery needed to be replaced. After the new battery was installed, I was informed that the “4-wheel” light on the dash was constantly on, and that the mechanic could not determine the cause.
He referred me to a dealership that specializes in Cadillacs. When I mentioned to the mechanic there that my vehicle had been hitched from the rear and towed approximately 15 miles riding on the front wheels, he suggested that that could be the cause of the light not turning off, because the vehicle should have been transported riding on top of the tow truck bed rather than being towed with the front wheels on the ground.
Could this actually be the cause of the light constantly being on, or could it be a module that needs replacing?
The redesigned three-door (or is it four?) 2019 Hyundai Veloster costs $19,385 and will go on sale this summer, the automaker said Tuesday. That price represents a $400 hike over the 2017 model, but it nets buyers more power, updated safety features, and a new design.
All versions of the Veloster now include automatic emergency braking, an important safety feature that was previously unavailable. Like the outgoing Veloster, the new model features just three passenger doors. From the driver’s side, it looks like a coupe. From the passenger’s side, it has two doors.
A 6-speed automatic transmission runs an extra $1,000 for the base Veloster. From there, the lineup climbs to the automatic-only Veloster Premium for $23,635. The Premium trim level includes niceties such as blind-spot monitors, rear cross-traffic alerts, 18-inch alloy wheels, an 8.0-inch touchscreen for infotainment, Infinity speakers, a moonroof, and cloth/synthetic leather
The so-called “EV Champions Initiative” will roll out in Austin, Texas; Los Angeles; Montreal; Sacramento, California; San Diego; San Francisco; and Seattle. Similar programs were already launched in Portland, Oregon, and Pittsburgh.
According to the Los Angeles Times, drivers in certain cities such as San Diego, San Francisco, and Pittsburgh may earn up to $1 per ride bonuses, up to $20 in a week, for providing EV rides. Uber drivers in Los Angeles don’t get the bonus, according to the report.
Uber announced that they would partner with a broad range of nonprofits, thinktanks, and a university to study EV usage in those cities.
JOLIET, IL – A legal fight over the multi-million dollar fortune controlled by Kozol Brothers Inc. remains active at the Will County Courthouse, court filings reveal. On Feb. 27, Joliet Patch published an exclusive story about the ongoing controversy at the long-time Will County beer distributor. Three siblings, Stephanie Friedrich, Michelle Littman and Anthony Kozol are suing their brother, Edward Kozol individually and as trustee of Kozol Family Trust.
In late March, the plaintiffs filed a motion at the Will County Courthouse asking the court to deem the defendants as being served with the civil lawsuit summons. The lawsuit was filed on Feb. 2. On Feb. 14, the defendant’s counsel, Jennifer Friedland, emailed the lawyer for the plaintiffs, Brianna Golan, and “advised that she was not authorized to accept service on behalf of the defendants. As a courtesy, however, Ms. Golan forwarded a copy of the complaint to Ms. Friedland,” court