Raphael Stevens

Angela Muhwezi-Hall and Deborah Gladney started QuickHire, a hiring platform, during the pandemic.Deborah GladneyWhen the coronavirus pandemic shut down businesses across the nation, sisters Angela Muhwezi-Hall and Deborah Gladney decided it was the perfect time to start a new one.It was an idea they had been mulling over for years: a hiring platform, called QuickHire, to help service industry and skilled trade workers obtain jobs. They had witnessed what they called the antiquated hiring process used by small operators and also understood the importance of this type of work.”Covid was definitely the catalyst, when we saw millions of people lose their jobs [and] people had to reskill,” said Muhwezi-Hall, 31, who left her job as a student advisor at a university in California to start the business in her hometown of Wichita, Kansas.The sisters pooled together $50,000 from their savings and 401(k) plans to get off the ground in September, and recently secured a $350,000 investment from an angel investor.More from Invest in You:Guy Fieri is on a mission to help save restaurants hit by pandemicHere’s how these small businesses pivoted to survive during Covid’Huge’ opportunities await women entrepreneurs, venture capitalist says”We do feel like it is the perfect moment in time,” said Gladney, referring the labor shortage that many businesses are facing as they try to ramp back up.Muhwezi-Hall and 34-year-old Gladney, who left her job as a public relations consultant, were part of the surge in start-ups in the U.S. last year. About 4.3 million new business applications were filed in 2020, almost 1 million more than in 2019, according to figures from the U.S. Census Bureau.”We almost never see this sort of boom in a recession,” said Luke Pardue, an economist at payroll and benefits provider Gusto.The new businesses were overwhelmingly created by women and people of color, the firm’s latest survey found. In 2020, 11% of new business owners were Black or African American, compared with 3% in recent years, and 49% were women, compared with 27% in recent years, according to Gusto. It surveyed 1,568 new business owners, who started up in the pandemic, from April 4 to 16.”This is not a coincidence,” said Pardue, who pointed out that 51% of owners started their business out of an economic need and one-third said they did it because they lost their jobs.”Women and people of color were those who bore the brunt of the recession last year,” he added. “They were resilient and turned obstacles into opportunities.”From speech pathologist to making smoothiesAshley WalkerSource: Ashley WalkerWhen 34-year-old Ashley Walker opened her storefront, Smoothie Me Please, in Riviera Beach, Florida, in January, she had something many other entrepreneurs do not: the financial support of her city.The single mother won a grant from the city’s Community Redevelopment Agency two years ago. The location, an empty building, was then renovated by the city. She’s now operating there rent-free for six months and the remainder of her three-year contract includes very affordable rent, Walker said.”It was the perfect time to just risk it all because I had the support,” said Walker, who worked as a speech pathologist before opening her smoothie shop, which also sells sandwiches and popsicles.Yet it wasn’t all smooth sailing. Construction was delayed due to Covid and she had a hard time getting a business loan. A potential investor also fell through. Ultimately, she took out a $15,000 personal loan to pay for marketing and the equipment.Yet Walker is already turning a profit thanks to the absence of rent payments. She’s not the type to worry, she said when asked about when those payments start.”Everything that I need is falling into place,” Walker said. “I’m confident that things will work out and we will make the necessary adjustments as the market changes.”A matter of survivalJustin Sullivan | Getty Images News | Getty ImagesThe support Walker received is one example of aid that new business owners should have access to, Gusto’s Pardue believes. That help could be crucial to their survival.About 20% of small businesses fail in their first year. Yet, 51% of the owners in Gusto’s survey think they will fail within the next 12 months without additional support. Meanwhile, 73% of Black owners and 71% of Asian American/Pacific Islander owners say the same.”At the end of the day, that could actually exacerbate the gender and racial wealth gap because these business owners could see business failures a year down the line,” Pardue said.He advocates replenishing the Paycheck Protection Program, which provided forgivable loans to small businesses, and making those new owners eligible. He would also like the Small Business Administration to rethink the way aid is delivered and who it reaches, like women and minorities.”The conversation can’t end with, ‘This is an inspiring trend,'” he said.”We have to think about ways to support these new businesses because new, young businesses are the engine for job growth in the economy.”SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox.CHECK OUT: I’m a mom of 3 whose side hustle is now a full-time job that brings in $5,000 a month: Here is my best advice via Grow with Acorns+CNBCDisclosure: NBCUniversal and Comcast Ventures are investors in Acorns. More

A family walks across dry cracked earth that used to be the bottom of Lake Mendocino on April 22, 2021 in Ukiah, California.Justin Sullivan | Getty ImagesThe likelihood of the planet reaching a key temperature limit within the next five years has doubled, according to a study by climate scientists, with the world on track to witness the hottest year on record in that same time frame.”There is about a 40% chance of the annual average global temperature temporarily reaching 1.5° Celsius (2.7 degrees Fahrenheit) above the pre-industrial level in at least one of the next five years — and these odds are increasing with time,” the World Meteorological Organization said on Thursday. The WMO, a specialized agency of the United Nations, said this had doubled from 20% in the last decade.That 1.5 degrees Celsius above the pre-industrial level is the lower target of the landmark 2015 Paris Agreement. The climate accord is widely recognized as critically important to avoid an irreversible climate crisis.In 2020 — one of the three hottest years on record — the global average temperature was 1.2 °C above the pre-industrial baseline, the WMO reported in April. The Paris Agreement aims to keep the rise in global temperature significantly below 2 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels this century.”There is a 90% likelihood of at least one year between 2021-2025 becoming the warmest on record,” the WMO said in its press release.Between now and 2025, high latitude regions like Europe, the northern U.S. and Canada, and Russia, as well as the Sahel in Africa, are likely to become wetter and the Atlantic is expected to see more tropical cyclones compared to the recent past, which the WMO defines as the 1981-2010 average. “These are more than just statistics,” WMO Secretary-General Petteri Taalas said in a statement. “Increasing temperatures mean more melting ice, higher sea levels, more heatwaves and other extreme weather, and greater impacts on food security, health, the environment and sustainable development,” he said.Still, the WMO says that it is “very unlikely,” with just a 10% probability, that the five-year mean annual temperature of the planet will be 1.5°C warmer than pre-industrial levels for the entire 2021-2025 period. The 90% likelihood refers to that temperature rise in any one of the next five years.  Speaking about the report, senior Met Office scientist Leon Hermanson told BBC News on Thursday: “We’re approaching 1.5 C – we’re not there yet but we’re getting close. Time is running out for the strong action which we need now.”Worse extreme disaster eventsGovernments around the world have launched ambitious targets to cut carbon emissions and major energy companies are now beginning to feel the impact of the climate movement as some heavyweight investors pressure firms to decrease their fossil fuel use.But substantially lowering emissions will be an extremely challenging endeavor, scientists warn. The WMO notes that the Paris Accords’ “nationally determined contributions,” or states’ commitments to emissions reductions, “currently fall far short of what is needed to achieve this target.” And energy demand is expected to rise dramatically in the coming years as the world’s population continues to grow, with most of that need still set to be met by fossil fuels, according to the Energy Information Administration. The COP26 Summit scheduled for November of this year in Glasgow, Scotland is being described by many in the scientific and policymaking community as a crucial “make or break” moment for governments to stem what many warn will be a climate disaster as sea levels and global temperatures rise. In the U.S. alone, intensifying rainfall fueled by climate change has caused nearly $75 billion in flood damage in the past thirty years, Stanford University researchers found in a study published in January. Those researchers warned that passing warming levels outlined in the global Paris Climate Accord will worsen extreme disaster events.And developing nations are most exposed to climate risk — especially those in coastal areas and those highly dependent on predictable weather patterns for agricultural production.Morgan Stanley in 2019 reported that climate-related disasters have cost the world $650 billion over the last three years, with North America shouldering most of the burden. More

A view of a Best Buy retail store on August 29, 2019 in San Bruno, California.Justin Sullivan | Getty ImagesBest Buy said Thursday that sales grew 36% in the fiscal first quarter as shoppers’ stimulus-fueled spending spree included consumer electronics.Shares of the company 3.3% in premarket trading after the home electronics and appliance retailer raised its forecast.Best Buy CEO Corie Barry said consumers decided to invest in technology and kitchen appliances as they saw home values rise. She said demand “was extraordinarily high” in the three-month period.”This demand is being driven by continued focus on the home, which encompasses many aspects of our lives including working, learning, cooking, entertaining, redecorating and remodeling,” she said in a statement. “The demand was also bolstered by government stimulus programs and the strong housing environment.”That lifted the retailer’s expectations for the first half of the year. Chief Financial Officer Matt Bilunas said Best Buy expects same-store sales to grow 3% to 6% this year. He had previously said they would range from a decline of 2% to growth of 1%. However, he said the company anticipates customers will step up spending in other areas, such as travel and dining out, in the second half of the year.Here’s what the company reported for the fiscal quarter ended May 1 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share: $2.23 adjusted vs. $1.39 expectedRevenue: $11.64 billion vs. $10.44 billion expectedBest Buy’s first-quarter net income rose to $595 million, or $2.32 per share, up from $159 million, or 61 cents per share, a year earlier.Excluding items, it earned $2.23 per share, more than the $1.39 per share expected by analysts surveyed by Refinitiv.Net sales rose to $11.64 billion from $8.56 billion a year earlier, outpacing estimates of $10.44 billion.Sales online and at stores open at least 14 months grew by 37.2%, higher than 22.4% growth that analysts expected in a StreetAccount survey. The company said it had sales growth across almost all categories, with the largest gains in home theater, computing and appliances.Barry said on an earnings call that total new customer growth is about 50% higher than pre-pandemic levels. Those customers look different, however: slightly younger, more female and slightly lower income, she said.And for the first time the retailer’s largest cohort of shoppers over the past 12 months is millennials, she said.This is the first quarter when Best Buy is facing year-over-year comparisons to its business during the pandemic. A year ago, the retailer saw unusual shopping patterns play out as Americans prepared for long stays at home and quickly shifted to working and attending school remotely. Sales initially spiked and then dropped off in the year-ago quarter, as the retailer chose to temporarily shut stores and switch to a curbside pickup-only model.Best Buy is betting that the pandemic will permanently change consumer behavior — and has said that will mean changes to its workforce and stores. The company laid off about 5,000 employees in early February and has said its nationwide store footprint will shrink as it reviews lease renewals.Barry said on Thursday’s earnings call that the company is trying to better understand the role of stores in the future and has started to test different formats. It is piloting a store with a smaller sales floor and a larger backroom to fulfill online orders. It also opened a more experiential store in Houston where customers can try gaming and fitness merchandise, check out premium home theater setups and consult with a larger Geek Squad team.Later this year, Barry said, Best Buy will try out other store prototypes that vary in size, including a new outlet store.”We’re testing for the right mix of experience, space and location, and all those things need to play together in the right way,” she said. “We obviously feel urgency. We want to make sure that we figure this out — but we don’t want to be so urgent that we risk the customer and thankfully also the employee experience in this work. And it’s important to note we’re not even in a normalized environment yet.”As of Wednesday’s close, Best Buy shares are up 17% this year. Shares hit a 52-week high of $128.57 earlier this month and closed Wednesday at $116.96. The company’s market value is $29.29 billion.Read the company’s press release here. More

In early May, Cybereason CEO Lior Div took his first trip back to Israel since before the pandemic to visit his 300 employees based there. It’s a journey he used to make every few months from Boston, where his company is headquartered.The visit was much more eventful than he’d anticipated. A few days into Div’s stay came the news that the operator of the largest U.S. pipeline had been paralyzed by a cyberattack that knocked out a 5,500-mile fuel network.Any big corporate hack catches Div’s interest because his start-up’s business is to keep out the bad guys. The Colonial Pipeline attack was of particular concern because the group responsible, an outfit called DarkSide, had tried to infiltrate one of Cybereason’s clients nine months earlier.”They were fairly sophisticated, active and looked very professional,” Div said in an interview. Cybereason ranked No. 23 on this year’s CNBC’s Disruptor 50 List.More coverage of the 2021 CNBC Disruptor 50Meet the 2021 CNBC Disruptor 50 companiesWhy Robinhood is the No. 1 companyA look back at the CNBC Disruptor 50: 9 years, 233 companiesWhen disruption becomes a force for good — and badWatch: Plaid, a gateway to Coinbase, on crypto investingDiscord lays out its game theory on the virtual ‘space’ of the futureWatch: Chime CEO on building big financial IPO … but maybe not bankClubhouse has ‘millions more’ waiting to join its audio appHow we choose Disruptor companiesIn tracing DarkSide’s roots, Cybereason researchers were so jarred by what they had learned that the company published a blog post at the beginning of April laying out some of its findings. It described DarkSide as a team of extortionists who steal private data and threaten to make it public unless the victim pays a large sum of money — typically between $200,000 and $2 million.They’re called ransomware attacks, and Cybereason had learned that DarkSide was not only a big perpetrator of such cybercrimes, but was also selling a product described as Ransomware as a Service that allowed other groups to use its homegrown tools and similarly wreak havoc for money.When the FBI determined that DarkSide was behind the Colonial Pipeline breach, Div took it upon himself to get word out about the group, how it operates and what companies should be doing to protect themselves. He went to the press, speaking with CNBC, CNN, Reuters, Bloomberg and other outlets.During one of those interviews, the emergency alarms in Tel Aviv started blaring, a signal for everyone in the vicinity to find the nearest bomb shelter. Cybereason’s office has four on every floor.The alarms were sounding because Israel and Hamas-backed Palestinian militants were at the beginning of a bloody 11-day battle. Residents in and around Tel Aviv were facing inbound rockets, while Israelis forces were raining airstrikes on the Gaza Strip.”I continued the interview but went to the bomb shelter,” said Div, who previously served as a commander in the Israeli Defense Force’s 8200 unit that deals with military cybersecurity. “For somebody who grew up in Israel, it’s kind of switching to automatic response.”Israel and Hamas agreed to a temporary cease-fire last week. The death toll from airstrikes in Gaza topped 240, while at least 12 people were killed in Israel.Massive growth in cybercrimeDiv started Cybereason in Israel in 2012, before moving the company to Boston two years later. It’s now one of the fastest-growing players in the burgeoning market of endpoint protection, which involves securing large corporate and government networks and their many devices from the advanced hacking tools and techniques that are proliferating across the globe.Cybereason hit about $120 million in annual recurring revenue at the end of last year, roughly doubling in size from the prior year, Div said. While Div and his management team are in Boston, Cybereason’s 800 employees are spread across Israel, Japan, Europe and the U.S. In 2019, the company raised $200 million from SoftBank at a valuation of around $1 billion.We’re proactively hunting. We’re not just waiting for our software to block things.Lior Div, Cybereason CEOCybereason faces a wide swath of competitors, ranging from tech conglomerates Microsoft, Cisco and VMware to cybersecurity vendors CrowdStrike and SentinelOne (ranked No. 4 on this year’s Disruptor 50 list).Div says Cybereason’s special sauce, and what allowed it to recognize and stop DarkSide before a successful attack, is a web of sensors across the world that automatically identify anything suspicious or unfamiliar that hits a network. If a line of unrecognized code lands on a server that’s being protected by Cybereason, the incident is flagged and the company’s technology and analysts get to work.”We’re proactively hunting,” Div said. “We’re not just waiting for our software to block things. We’re sifting through information that we’re collecting at all times to look for new clues.”In August, when its software detected DarkSide, the company reverse engineered the code and followed the group’s virtual footsteps. It found that the relatively young organization was apparently seeking “targets in English-speaking countries, and appears to avoid targets in countries associated with former Soviet Bloc nations,” the company wrote in the April blog post. Div said Cybereason found 10 attempts by DarkSide to attack its client base — eight in the U.S. and two in Europe.Increasing cost of hackingIn the absence of technology to shield against DarkSide, Colonial Pipeline was forced into a ransom of $4.4 million. According to research firm Cybersecurity Ventures, ransomware damages will reach $20 billion this year, up more than 100% from 2018 and 57 times higher than in 2015.More important than the money, the pipeline incident exposed a severe vulnerability in the country’s critical infrastructure, which is increasingly connected to the internet and protected by a loose patchwork of disparate technologies.The shutdown also caused a disruption in nearly half of the nation’s East Coast fuel supply. Gas prices surged to a seven-year high as consumers panicked during the outage and waited hours in line to fill up.The attack was costly and scary, but Div said the size and scale was nothing compared to what the U.S. saw last year in the SolarWinds intrusion, which hit an estimated nine government agencies and 100 private companies.As many as 18,000 SolarWinds Orion customers downloaded a software update that contained a backdoor, which the hackers used to gain access to the networks. The hack came to light in December, when cybersecurity software vendor FireEye disclosed that it believed a state-sponsored actor penetrated its network primarily to get information on government customers.U.S. authorities pinned the hack on Russia.”The DarkSide sophistication was not anywhere near what SolarWinds did,” Div said. “It’s the difference between a nation-state and non-nation state.”Div said that SolarWinds attackers scanned networks to determine if Cybereason’s software was installed. If they saw that it was present, they bypassed it and moved along to another network.”This is how the malicious code worked,” Div said. “It was self-terminating if it was going to be detected.”SentinelOne said its customers were also spared, based on the so-called Indicators of Compromise (IOCs) in the SolarWinds hack.”In the SolarWinds attack, dubbed ‘SUNBURST,’ SentinelLabs research has confirmed that devices with SentinelOne agents deployed are specifically exempt from the malicious payload used in the reported IOCs,” the company wrote in a post on Dec. 13.Whether it’s ransomware, common hacks such as phishing and malware, or complex spying efforts like with SolarWinds, Div said the frequency of today’s attacks is compelling companies to secure their networks with the most modern threat detection technology.For Cybereason, big clients are typically paying in the hundreds of thousands of dollars per year, which Div says is quite cheap given what just happened to Colonial Pipeline.”To see that somebody paid $5 million on a relatively tiny deal that we could’ve helped them, it’s crazy from my point of view,” he said.WATCH: Robinhood tops CNBC’s 2021 Disruptor 50 list More

In this articleFORDFFord Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020.Rebecca Cook | ReutersFord Motor’s stock jumped 8.5% Wednesday during CEO Jim Farley’s first investor day as shareholders welcomed the automaker’s new “Ford+” plan aimed at increasing profits and aggressively expanding into new high-tech segments.Executives also laid out clear sales forecasts for electric vehicles as well as profit and other financial targets that Wall Street can use to gauge the company’s progress.”Bottom-line, we feel much better about the more cohesive strategy as Ford is focusing on their strengths,” RBC Capital Markets analyst Joseph Spak wrote in a note Thursday upgrading the automaker to outperform. “Ford still needs to execute, but the upside opportunity is clearer to us.”Barclays analyst Brian Johnson said the new “Ford+ plan answers most investor concerns,” specifically around EVs and margin improvements.But Ford didn’t address every topic analysts were hoping would be covered. Specifically, additional details on its future EV lineup, autonomous vehicle business and when the company plans to reinstate its coveted dividend.Here’s more on the hits, misses and everything in between that investors should know after Ford’s investor day:Hit: Profit marginThe company said it’s forecasting an 8% adjusted profit margin before interest and taxes in 2023 — earlier than many analysts expected.Farley’s predecessors, Jim Hackett and Mark Fields, promised the same, but they never delivered.Hit: CommercialFord said it expects to increase revenue from its commercial business to $45 billion by 2025, up from $27 billion in 2019. That includes “hardware and adjacent and new services that’s addressable by Ford.”The automaker will create “Ford Pro,” a new vehicle services and distribution business within the automaker “devoted to commercial and government customers.””Ford is already very strong here, but is now offering a more compelling product via electrification and connectivity that can increase their share in this profitable segment,” Spak said.Hit: ConnectedFord plans to exceed Tesla in sales of vehicles capable of significant remote updates by July 2022 and expand to 33 million over-the-air-enabled Ford and Lincoln vehicles by 2028.Such a connected fleet could be competitive with its largest American rival, General Motors, which has said it expects more than 7 million of its vehicles globally to be capable of OTA updates by 2023.Hit: EV batteriesFord said it is working on an array of new battery technologies and expects the cost of its cells that power EVs to be under $100 per kilowatt hour by mid-decade, followed by $80 per kWh by the end of this decade.That would significantly lower the cost of EVs, which is viewed as a large hurdle for mass adoption. According to Cairn Energy Research Advisors, the industry average is about $186 per kWh. Tesla leads at an average of $142 kWh, according to Cairn.So-so: EVsSome were hoping Ford would join GM in announcing plans to go all-electric by a specific timeframe. GM CEO Mary Barra has said the company will produce an all-electric fleet by 2035.Ford didn’t go that far, but said it expects 40% of its global sales will be EVs by 2030 under an increased $30 billion investment in the new technologies from 2016-2025.There also remain questions surrounding its plans to continue producing plug-in hybrid electric vehicles, which Farley himself has called transitional technologies.So-so: Lightning/BroncoFord said a new EV platform would be the base for EV versions of the Explorer SUV, Lincoln Aviator crossover and future “rugged SUVs.”Some expect the latter will be an EV version of its upcoming Bronco SUV. Ford showed a silhouette resembling the vehicle on its new EV platform, but Hau Thai-Tang, Ford’s chief product platform and operations officer, later said to not “read too much into it.”Ford also said it now has 70,000 reservations for its electric F-150 Lightning following the pickup’s debut last week. That’s up from 44,500 as of Friday morning, but far below reservations for Tesla’s upcoming Cybertruck, according to CEO Elon Musk.Miss: AVsFord CFO John Lawler reconfirmed the company’s plans to launch a commercial self-driving business by 2022, however there wasn’t much discussion about it other than that.Lawler and Farley said more details about Ford’s AV business, including Argo AI, which it jointly owns with Volkswagen AG, would come during a future event.Miss: DividendLawler said the company plans to “reinstate the dividend as soon as practical,” but noted the company is focused on improving its business, reinvesting and producing free cash flow at the moment.He declined to give a specific timeline for the dividend to be reinstated. It was suspended March 2020 to shore up its cash as the coronavirus pandemic caused rolling shutdowns of auto plants globally.– CNBC’s Michael Bloom contributed to this report. More

In this articleRR.-GBDetail of the new Rolls-Royce Boat Tail on May 27, 2021, unveiled by Rolls-Royce CEO Torsten Muller-Otvos at the Home of Rolls-Royce in Goodwood, West Sussex, England.Jeff Spicer | Getty Images Entertainment | Getty ImagesRolls-Royce Motor Cars on Thursday unveiled the Boat Tail, a luxury vehicle model it has dubbed “the most ambitious motor car ever created.”The Boat Tail is a four-seat car, measuring almost 5.8 meters (19 ft) long, with the rear of the vehicle shaped like a yacht deck. Only three will be made, and the price of the car is not being publicized. The new model comes as Rolls-Royce launches a new division within its business, Coachbuild, an invitation-only program that will allow the carmaker’s most high-end clients to commission unique cars.Each Boat Tail has been personalized to its purchaser, who collaborated with designers for four years on the cars under the Coachbuild program.Rolls-Royce CEO Torsten Muller-Otvos unveils the new coachbuilt Rolls-Royce Boat Tail on May 27, 2021, at the Home of Rolls-Royce in Goodwood, West Sussex, England.Jeff Spicer | Getty Images Entertainment | Getty ImagesMore than 1,800 new parts were developed for the Boat Tail, each of which has luxury features such as double refrigerators for vintage champagne and bespoke timepieces which can be worn or inserted into the car to be used as its clock. Describing it as a “lovely, magnificent car,” Rolls Royce’s CEO Torsten Müller-Ötvös said that the client was involved in “every step of the journey” and that the creation of such bespoke cars was a “money can’t buy experience.””It’s something extremely rare and (something) only very selected people might be able to do,” he told CNBC’s Joumanna Bercetche, adding that, by its nature, the Coachbuild division would be a small portion of the company’s overall business.”That is a very, very small portion of our business and that’s for very good reasons … Our idea is to probably surface a Coachbuild project every second year, commissioned by a selected client.”Detail of the Rolls-Royce Boat Tail on May 27, 2021, unveiled by Rolls-Royce CEO Torsten Muller-Otvos at the Home of Rolls-Royce in Goodwood, West Sussex, England.Jeff Spicer | Getty Images Entertainment | Getty Images”We’re not talking here any volume or numbers – that would be a contradiction to that concept. We want to see that highly, highly exclusive clients are hand-picked, I must say they are hand-picked by me in person, as we want to know with whom we are going on such a journey.”He said clients would need to bring their own “passion, engagement and the time” necessary to do a collaboration with the carmaker.Rolls-Royce said on Thursday that its next Coachbuild project was underway, but details are not yet being revealed. More