Electric cars are still waiting for their silver screen treatment. Reuters
Electric cars are still waiting for their silver screen treatment. Reuters
Electric cars are still waiting for their silver screen treatment. Reuters
Electric cars are still waiting for their silver screen treatment. Reuters

Electric upstarts yet to match gas-guzzlers for star appeal


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Ever since James Dean reveled in teen angst in his Mercury coupe in the 1955 classic Rebel Without a Cause, cars have been pumping exhaust into pop culture.

A decade later it was Steve McQueen losing hubcaps in a Bullitt Mustang, then Burt Reynolds burst into box office lore as the cop-fleeing Bandit behind the wheel of a Pontiac Trans Am. This past weekend, Jason Statham swerved a McLaren 720S under two tractor trailers to escape the motorcycle-riding antagonist in the latest Fast and Furious film, Hobbs & Shaw.

And, as with their human counterparts, automotive screen superstars can attract big money. McQueen's 1968 Ford GT40 Gulf/Mirage Lightweight Racer that featured in the 1971 film Le mans sold at auction for $11 million (Dh40.39m) in 2012, while the1961 Ferrari 250 GT California Spider that starred alongside Matthew Broderick in the 1986 smash Ferris Bueller's Day Off  was sold for $10.9m to British TV personality Chris Evans in 2008. And few could forget the Batmobile from the classic TV series Batman that ran from 1966 to 1968, basically a customised Ford Lincoln Futura. It fetched $4.4m at auction in 2013.

American actor Steve McQueen (1930 - 1980) as Frank Bullit next to a Ford Mustang 390 GT 2+2 Fastback in the american crime thriller movie 'Bullitt', San Francisco, 1968. (Photo by Silver Screen Collection/Getty Images)
American actor Steve McQueen (1930 - 1980) as Frank Bullit next to a Ford Mustang 390 GT 2+2 Fastback in the american crime thriller movie 'Bullitt', San Francisco, 1968. (Photo by Silver Screen Collection/Getty Images)

But while gas-guzzlers have scorched their mark on the silver screen - and collectors' pockets, electric cars are largely still waiting for their turn to reign over the red carpet. Plug-ins may be capturing more cool factor, especially Tesla and its high-tech rides, but they’ve yet to land much time on screen. Since these models typically lose money and still make up less than 2 per cent of the US market, car makers still devote much of their precious marketing dollars promoting combustion cars by getting them cast for roles on make-believe roads, according to Bloomberg.

“The business 101 would be that you’re making a ton of money on your large pickup trucks and your large SUVs, so the dollar you put into marketing on those pays back more than the dollar you put into the EVs that you’re losing money on,” said Mark Wakefield, head of the automotive practice at consulting firm AlixPartners.

There have been a handful of recent exceptions. The smash-hit Marvel Studios film Avengers: Endgame features Iron Man in an electric Audi e-tron GT, and the car stars as just the kind of futuristic gadget Tony Stark would want to own.

But car makers are still mostly sticking to showing off the sports cars that burnish brand image or their money makers in movies and television series. Take General Motors: while it was in bankruptcy, the car maker had trouble keeping Camaros in stock the summer it starred as Bumblebee in the Transformers series. More recently, the company reached out to a diverse audience by placing its GMC Sierra pick-up in the revamp of the hit show Queer Eye. The Chevrolet Bolt, meanwhile, has been much harder to find on screen.

Placement in a big movie can cost a car maker millions. TV spots tend to go for much less. When it comes to placing products in Hollywood, television and music videos, “typically you don’t pay for it unless it is central to the plot line or the car name is mentioned”, said Michael McSunas, the former leader of product placement for Fiat Chrysler Automobiles.

Companies will typically pay for a vehicle’s transportation to the set or have an agency handle the placements for them. Overall, the average paid placement for television is around $30,000, Mr McSunas said.

“A car in this country is a lot more than a vehicle on four wheels that you get from point A to point B,” said Robert Thompson, a Syracuse University television and population culture media professor. “Cars are filled with American mythology, and lots of it. And the electric car just hasn’t been around long enough to gather that kind of mythology.”

Electric cars were largely curio for green activists until 2012, when Tesla’s Model S started selling. The Nissan Leaf also was establishing a market position, and the public started seeing more EVs on the road, raising their profile, said Raejean Fellows, president of the Electric Auto Association.

But the road to Tesla getting traction in the market hasn’t been through theatres. The electric-car leader eschews traditional advertising and instead relies on the promotional prowess of its showman chief executive, Elon Musk.

The car makers that do have big advertising budgets have few EVs to feature on film. That will change, but it’s still expected to take years - Bloomberg New Energy Finance predicts electric vehicles will take over a majority of the global market around 2037.

China is the fastest adopter of electric vehicles (EVs) worldwide, according to a World Economic Forum report last year, and is expected to account for half of global sales over the next seven years.

In 2017, a fifth of all EV sales were in just six Chinese cities, where there are tight restrictions on buying and using new internal combustion engines.

By 2025, EV sales across the world are set to increase ten-fold, to 11 million. In China, EVs will account for 19 per cent of all passenger vehicle sales, compared to 14 per cent in Europe and 11 per cent in the US, according to Bloomberg's Electric Vehicles Outlook 2018.

Today, however, even when battery-powered cars do get on screen, they’re often lampooned as slow or nerdy. Cinema Vehicles, one of the largest suppliers of rental vehicles in Hollywood, television and commercials, said it has just one electric vehicle at its Los Angeles lot: a 2011 Nissan Leaf.

The car served as the Uber that actor Kumail Nanjiani's character, Stu, drives in the film Stuber about a cop on the hunt for a brutal killer.

The Leaf takes a beating. At one point in the film, two of Stu’s riders giggle at his choice of transportation.

“Stop laughing; this is a Leaf,” Stu tells them. They erupt in even louder laughter.

In the series Curb Your Enthusiasm, Larry David's ride was a Toyota Prius hybrid. David, who played everyone's bête noire in the satirical series about his own life, was often seen slowly puttering down the street as comical music played in the background.

“An awful lot of the culture of electric vehicles within popular culture has probably tended to be more pejorative than it has been celebratory,” said Prof Thompson. “It’s not right, but there are an awful lot of people out there who make the assumption that people who drive electric cars are also people who eat kale.”

Trying to turn the mockery on its head is the public-private advocacy group Veloz, which recently debuted a campaign called Kicking Gas, in which Arnold Schwarzenegger pokes fun at the internal combustion engine.

“On behalf of big oil, I want to thank you all for choosing muscle cars that use gasoline,” Schwarzenegger, who plays a car salesman, says over a dealership intercom.

Car makers won’t want to strike a similar tone in advertising their EVs, since the companies would effectively be shaming what’s in showrooms.

“The golden rule is that you don’t talk bad about your product,” AlixPartners’ Wakefield said. “Effectively, it is talking bad about the 99 per cent of your portfolio that is selling and, of that portfolio, a third of it is highly profitable.

“You don’t want to kill the golden goose."

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Asia Cup Qualifier

Final
UAE v Hong Kong

TV:
Live on OSN Cricket HD. Coverage starts at 5.30am

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Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

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if you go

The flights 

Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning. 

The trains

Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.

The hotels

Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.

Leaderboard

15 under: Paul Casey (ENG)

-14: Robert MacIntyre (SCO)

-13 Brandon Stone (SA)

-10 Laurie Canter (ENG) , Sergio Garcia (ESP)

-9 Kalle Samooja (FIN)

-8 Thomas Detry (BEL), Justin Harding (SA), Justin Rose (ENG)

UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

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Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

Al Noor Special Needs Centre

You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.

Beit Al Khair Society

Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.

Dar Al Ber Society

Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.

Dubai Cares

Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

Emirates Airline Foundation

Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
ESSENTIALS

The flights 
Emirates, Etihad and Swiss fly direct from the UAE to Zurich from Dh2,855 return, including taxes.
 

The chalet
Chalet N is currently open in winter only, between now and April 21. During the ski season, starting on December 11, a week’s rental costs from €210,000 (Dh898,431) per week for the whole property, which has 22 beds in total, across six suites, three double rooms and a children’s suite. The price includes all scheduled meals, a week’s ski pass, Wi-Fi, parking, transfers between Munich, Innsbruck or Zurich airports and one 50-minute massage per person. Private ski lessons cost from €360 (Dh1,541) per day. Halal food is available on request.

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

The specs: 2018 Jaguar F-Type Convertible

Price, base / as tested: Dh283,080 / Dh318,465

Engine: 2.0-litre inline four-cylinder

Transmission: Eight-speed automatic

Power: 295hp @ 5,500rpm

Torque: 400Nm @ 1,500rpm

Fuel economy, combined: 7.2L / 100km

Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: 

  • UAE bt Nepal by 78 runs
  • Hong Kong bt Singapore by 5 wickets
  • Oman bt Malaysia by 2 wickets

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final