Senior Writer, Biotech Adam is STAT’s national biotech columnist, reporting on the intersection of biotech and Wall Street. He’s also a co-host of “The Readout LOUD” podcast. By Adam Feuerstein Jan. 25, 2018 Reprints What’s included? Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Biotech 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. 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. @adamfeuerstein Biogen (BIIB) bought an early-stage ALS drug Thursday, so cue up the “sad trombones” if you were hoping for a blockbuster biotech acquisition.But Spinraza sales rebounded nicely in the fourth quarter and the multiple sclerosis business remains in good shape. Biogen offered 2018 financial guidance a tick higher than consensus. Biogen earnings lack blockbuster acquisition pop, but executives pledge to keep looking Log In | Learn More GET STARTED Tags biotechfinanceSTAT+ About the Author Reprints Biogen CEO Michel Vounatsos Biogen Adam Feuerstein [email protected] What is it?
Log In | Learn More @Pharmalot Tags drug pricingrare diseaseSTATPlus 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. Ed Silverman Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. [email protected] Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED GET STARTED Adobe About the Author Reprints Pharmalot By Ed Silverman Feb. 19, 2020 Reprints Several prominent biotech and pharmaceutical executives are openly criticizing a huge price hike for a decades-old medicine and argue that the unexpectedly higher cost is due to the misuse of a federal law designed to encourage drug development for rare diseases. And the executives are using this to bolster a social compact they issued last month to address the debate over rising drug costs.At issue is dehydrated alcohol, which hospitals and clinics have used for years to treat chronic pain or to prevent infections in patients who must receive nutrients intravenously. But after winning orphan designation and a seven-year monopoly to sell its injectable version for use with a specific heart procedure, Belcher Pharmaceutical began charging nearly $10,000 for a pack of 10 vials, up from $1,300. Pharma execs criticize a drug maker over pricing and claim orphan drug law is being misused What’s included? What is it? 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.
Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak Looking Back an Attempt at Coup against Kim Il Sung News SHARE Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR North Korea tries to accelerate building of walls and fences along border with China By Yoo Gwan Hee – 2009.09.02 10:34pm News 40 years ago yesterday, Muammar al-Gaddafi, the leader of Libya, seized power from king Idris in the military coup d’état while the king was abroad. There was a parade to commemorate the 40th Anniversary of the Libyan Revolution in Tripoli, Libya on September 1.There was a similar event in North Korea, but the difference is that the North Korean coup ended up in smoke. It happened on August 30, 1956, and came to be known as the “August Sectarian Event.”After the Korean War, Kim Il Sung began purging his political competitors such as Huh Ga Yee, who belonged to the Pro-Soviet Union Faction, which was backed by the Soviets and was created during the Japanese colonial period, in 1951. Lee Seung Yup was also purged from the South Chosun Workers’ Party in 1953 and Park Heon Young, who was the Vice-Chairman of the South Chosun Workers’ Party, was executed through a secret trial in 1955. Despite these purges, the Yanan Faction, which had taken part in communist activities around Yanan, China with the supported Chinese communists, the Soviet Union Faction, and the Gapsan Faction, which was led by Kim Il Sung and seized power in the Northern part of the Korean Peninsula after liberation from Japanese colonial forces, still remained in 1956. At the time, the Yanan Faction and the Soviet Union Faction aligned themselves against Kim Il Sung’s Gapsan Faction in a domestic power struggle.Their conflict stemmed from the economic planning strategy proposed by Kim Il Sung, which was to develop heavy industry first and then develop light industry and agriculture simultaneously.The Yanan Faction, which had had a close relationship with the Chinese Communists originating during the Japanese colonial period, was opposed to Kim Il Sung’ economic plan and claimed that stabilization of people’s livelihood was the most urgent need. Their criticisms against Kim Il Sung’s line erupted into a power struggle and the Soviet Faction’s backing escalated the struggle into a cutthroat competition.Kim Il Sung led a North Korean delegation to the Soviet Union and other socialist countries in Eastern Europe from June 1 to July 19, 1956, and during this time, the factions aligned against Kim Il Sung tried to remove him from power. The Deputy Prime Minister Choi Chang Ik, a leading figure in the plot, the Director of the General Federation of Korean Trade Unions Seo Hwee, the Financial Minister Yoon Kong Heum, the Director of South Hwanghae Province Committee of the Party Koh Bong Ki, all from the Yanan Faction, the Secretary of the Central Committee of the Party Park Chang Ok, the Director of the Ministry of Construction Kim Seung Hwa, and the Director of the National Construction Committee Park Ui Wan, all from the Soviet Union Faction, along with other members of the South Chosun Workers’ Party organized a comprehensive united front against Kim Il Sung and his followers. One group led by the Director of the Interior Lee Pil Gyu tried to launch official criticisms against Kim Il Sung in the Party and his policies while staging a simultaneous military coup d’état. The other group, led by the Soviet Faction planed to rely on support from the Soviet Union and criticisms within the Party. They established a plan to discredit Kim Il Sung through criticisms in the General Meeting of the Party and Lee Pil Gyu prepared the forces that would participate in the military coup, including the Fourth Corps stationed in the vicinity of Pyongyang, the air defense battery in downtown Pyongyang and a mechanic’s unit for any emergency situation. (to be continued) News News Yoo Gwan Hee There are signs that North Korea is running into serious difficulties with its corn harvest
Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center Pence Cartoon: “KOR-US Karaoke” Analysis & Opinion RELATED ARTICLESMORE FROM AUTHOR Analysis & Opinion Facebook Twitter Use agricultural collaboration to kickstart North-South trust process Analysis & Opinion Analysis & Opinion SHARE By Daily NK – 2016.08.17 1:47pm Is Nuclear Peace with North Korea Possible? When it comes to the international humanitarian effort to improve the quality of life for ordinary North Korean residents, food production and agricultural development are the most fundamental problems to address. In the road ahead, it will be necessary to emphasize North-South cooperation in this field. One of the most essential early tasks for the development of mutual trust is North-South collaboration on agricultural projects. The momentum created by such agricultural cooperation can have positive implications for the step-by-step development of the trust process. Accordingly, the goals and direction of the agricultural collaboration itself will need to be implemented in a gradual, step-by-step manner. The trust process can be divided into building trust, expanding the foundation of that trust, and institutionalizing that trust. At the outset, the trust process will begin in earnest through implementing the first stage of the plan. This will involve moving away from the current climate of confrontation and embarking towards more cordial bilateral relations. In this stage, it will be important to establish short-term goals for the North-South joint agricultural development project. Agricultural cooperation should be couched in terms of humanitarian assistance, focusing on quality of life and providing food relief. The first stage should be considered the ignition element of the trust process. Second, the foundation of the trust process will need to be expanded upon. This means sustaining the temporary improvement in relations by inviting stability into the relationship. This involves expanding the short term agricultural development goals introduced in the first stage into medium term development goals. The first stage prioritized solving the food shortage problem, but the second stage should look to more fundamental solutions by expanding assistance for agricultural practices and food production. Third, the foundation of trust will take root. The improvement in the relationship should not be incidental or temporary. Rather, the relationship will need to be sustained and nourished over the long term via active and persistent cooperation. This means implementing long-term agricultural development programs. Up until this point in the plan, cooperation has focused on increasing production. At this stage, however, the cooperation will be marked by a gradual increase in various agricultural sectors for sustainable, long-term solutions. In order to determine the starting point and direction of the aforementioned trust process, we need to begin by making two inquiries. It is first essential to consider what measures will be most effective in terms of maximizing return on a limited investment. The truth is that there is a limit to how much money South Korea can commit to these sorts of projects. That means it is wise to develop access points and footholds that optimally make use of these limited funds to yield the largest possible benefit in terms of agricultural assistance. Farming requires products and equipment such as fertilizer, manure, equipment, etc. To assist in the process from sowing the seed to reaping the harvest, a diverse array of instruments and materials are needed. Because farming is such a complex enterprise, it will be important to consider how each region, crop, and field requires different attention and care. This kind of detail-oriented approach will require cooperation on a regular, sustained basis. The next thing to consider is how to increase the scale and scope of the agricultural development cooperation in a step-by-step manner. The types of agricultural facilities and equipment needed to expand from small scale to large scale operations are quite diverse. Raising the process up to a professional, large-scale operation is quite difficult. It will require gradually phasing in new facilities, equipment, and assistance to support the larger scale operations It is necessary to begin by acquiring the technologies and capabilities of small-scale assistance before upgrading to bigger and better projects. This can help minimize time spent on trial and error when moving up in scale and along the production chain. This is why the gradual method of expansion is attractive. It minimizes wasted time. Agricultural technologies will also be gradually adapted from general use equipment to more specialized equipment. The relevant implication for the financial side is that the monetary support needs to gradually increase in proportion to the development process. The proposed method involves focusing the initial agricultural development in a foothold region and then expanding out and using a step-by-step process to gradually increase in scale. It can be implemented in the following fashion. First, in the short term, as far as cooperative farming goes, the agricultural development phase should start things off on individual cooperative farms. This is because cooperative farming, though composed of various sectors and complex components, is the smallest developable unit. This aspect of the plan entails focusing on the improvement of food output productivity by tuning up pertinent sectors: food crops, fruit trees, vegetable farming, and animal husbandry. On a related note, a program can also be initiated to reinvigorate agricultural water use and refurbish farm equipment. Furthermore, person to person exchanges can be used to inject industrial expertise and transfer the necessary equipment. Since we already have sufficient experience and knowledge when it comes to engaging in agricultural collaborations with the North, putting these tried and true techniques into practice should not be overly difficult. Second, in the midterm, the agricultural development project should be expanded to the state and county level. This will entail increasing the scale of the individual cooperative farms by spreading these practices into the surrounding areas. Because North Korea’s farms are already operating on the state and county level, the commercial scale will need to be increased, but the sectors will continue to operate in the same respective states and counties that they did before the introduction of the development program. This will reduce added complexity to the transition process. Other elements will need to be added at this point: irrigation, repair, and other industrial equipment needed for the maintenance and operation of a medium-scale collective farm. At this point, it will also be important to inject commercial investments in addition to the financial aid. This will prove that the financial model is sound over the long run. Although not overly abundant, there are some examples of collective farms in action: in North Korea’s Goseong County, there is a joint agricultural enterprise in Kumgang Mountain region. Third, it will be necessary to enact collaborative agricultural development for the long term over a wide area. In the mid-term stage, collaboration will be used to reinvigorate North Korea’s food production process and solve the food shortage crisis. In the long term, it will be necessary to cultivate the country’s holistic agricultural capacity by integrating various sectors so that we can reduce waste and optimize production. To do this, the agricultural supplies sector – including businesses that produce seed technology, pesticides, manure, and farming equipment – will need investment and improvement. Next, investment is needed for the research and development of products and techniques that eliminate diseases and pests. Although it will be difficult, it is vitally important to get investment for agricultural infrastructure at the state and county level. Additionally, development cooperation will be needed to help provide repair and maintenance equipment/facilities to maintain large scale production cycles. Up to this point, we do not have any examples to turn to in terms of large scale agricultural development programs. However, there have been multiple examples of special agricultural zones and cooperative agricultural regions. In 2013, 5 and 19 special economic zones were announced. I believe I have presented compelling reasons to consider the feasibility of gaining a foothold in North Korea and developing the trust process by cooperating on the agricultural programs that I have described above. Daily NKQuestions or comments about this article? Contact us at [email protected]
Purpose looks to fill retirement income gap with longevity fund Related news IG Wealth amends product shelf Preferred shares are generally less volatile than common shares, but Benjamin Jasmin isn’t taking anything for granted in the $384-million National Bank Preferred Equity Income Fund, which he co-manages. A portfolio manager with Montreal-based Intact Investment Management Inc., Jasmin strives to keep volatility low. To that end, the fund is diversified by issuer and by type of preferred share, and with an emphasis on high-quality issues. The fund currently holds 125 issues, or more than half of the 209 constituents of its market benchmark, the S&P/TSX Canadian Preferred Share Index. As of the end of June, the fund’s asset mix was almost equally divided between perpetual preferreds that have rate-reset provisions, at 48.3%, and fixed-rate perpetual preferreds at 48.1%. The latter are more vulnerable to rising interest rates. “We are experts in preferred shares, not interest rates,” says Jasmin, “so we try to have a balanced approach.” In the hierarchy of capital structure, preferred shares are senior to common equities but rank behind bondholders in claims for distributions and the right to liquidation proceeds in the event of a bankruptcy of a company. For the preferreds that he holds, Jasmin favours “solid” credit risks. Accordingly, the portfolio holds only investment-grade issues, with the vast majority being high-quality P1 and P2 credits. More than half of the preferred-share market consists of financial-services issues, and Jasmin’s weighting is even higher, at two-thirds of the portfolio. At mid-year, four of the top-10 holdings were bank issues, and another four were issues of the energy utility Enbridge Inc. Elsewhere, Jasmin’s other preferred holdings include Transcontinental Inc., a Montreal-based printing and publishing company (andInvestment Executive’s owner). “The printing industry is declining,” he says, “but Transcontinental generates a lot of cash flow.” Five years ago, when Transcontinental invested in improved facilities and consequently had to deal with a heavy debt burden, the company made a preferred offering. The Intact team, including Jasmin, conducted extensive research and held several meetings with management before buying the issue three years ago, “when we understood and were comfortable with the strategy.” The fund, which had portfolio turnover of 73% in 2013, is actively managed. “We are always looking for the best product and we have the liquidity to do that,” Jasmin says. More frequent trading is done around core positions to take advantage of market inefficiencies and boost the potential yield. Jasmin, 32, received a bachelor degree from the University of Sherbrooke in 2004. He joined the industry as an analyst in 2005 at Landry Investment Management Inc., a Montreal firm specializing in quantitative investing. At the end of 2005, he moved to Intact Investment Management Inc. (formerly ING Investment Management) and received the CFA designation in 2009. Jasmin has been involved with National Bank Preferred Equity Income Fund since its inception in November 2007, when it was named Omega Preferred Equity. (The fund was rebranded in May of this year.) He has co-managed the fund since 2013, along with portfolio manager Werner Muehlemann and analyst Jean-Mathieu Gareau. Along with daily meetings with the equity team of which they are members, Jasmin and his preferred-share colleagues work closely with the fixed-income team. As well, every three months, the preferred-share team attends a credit-committee meeting that includes the common, preferred and fixed-income teams. Following a relative value approach, Jasmin invests in both new issues and the secondary markets. New issues are not necessarily bargains, he says, adding that more attractive investment opportunities are often more available in secondary markets. Over the past five years ended June 30, National Bank Preferred Equity Income Fund has a five-year annualized return of 6.7%. That compares favourably with the median 4.8% return in the Preferred Share Fixed Income category, and the 6.2% return of the S&P/TSX Preferred Share Total Return Index, the category’s benchmark. With roughly $60 billion in total assets, says Jasmin, the preferred- share universe in Canada is much smaller than the common-shares and bond markets. As a result, he adds, it’s not as widely followed. “We can take advantage of that,” he says, with the goal of outperforming the index. Diana Cawfield Share this article and your comments with peers on social media Keywords Mutual funds Franklin Templeton launches new real asset fund Facebook LinkedIn Twitter
Related$56 Million Allocated to TPDCo FacebookTwitterWhatsAppEmail The Tourism Product Development Company (TPDCo) has been allocated a total of $56.2 million in the 2008/09 Estimates of Expenditure, now before the House of Representatives.Of the sum, $6.4 million will be used for conducting training seminars and to cover related expenses.A wide variety of programmes are offered through this training activity, which can be customized to suit specific organizational needs. Programmes include Customer Service, Tour Guiding Skills, Heritage Tourism, Life Saving Skills, Foreign Languages, Private Security Training and Workplace Literacy.About $20 million of the total is to be used in beautification projects and the purchase of goods and services.The project seeks to develop and improve the environment and physical attractiveness of the main resort areas. A major focus of this activity during the current financial year will be the implementation of beautification projects in Kingston and the South Coast.Property maintenance will also be aided with $11.7 million of the sum. This allocation provides for the maintenance of properties which were formerly owned by the Jamaica Attraction and Development Company (JADCo) and the Recreational Development Company (RDC). The Tourism Product Development Company now manages these properties.The Visitor Information Programme (anti-harassment) will get $8 million of the amount allocated.The main thrust of this project is the provision of visitor information services. The programme is aimed at providing information about the resort areas to visitors and local residents. During this financial period, special emphasis will be placed on the modernization and maintenance of information booths and kiosks across the island.Also to benefit from the sum also is the Sustainable Environmental and Tourism project, with a provision of $8.7 million. The main focus of the project is the sustained development and improvement of the environment in the major resort towns by facilitating upgrading and beautification works in these areas.The South Coast Sustainable Development Project has also been given $1.3 million of the allocation. Related$56 Million Allocated to TPDCo Related$56 Million Allocated to TPDCo $56 Million Allocated to TPDCo UncategorizedApril 3, 2008 Advertisements
Council appoints experienced interim CEO Philip Shanahan Experienced local government CEO Philip Shanahan has been appointed Mildura Rural City Council’s interim Chief Executive Officer following his endorsement at last week’s Ordinary Council Meeting.Mr Shanahan will start in the interim CEO role on Tuesday 25 May and will remain in the position until early August, or earlier if Council’s new CEO is able to start before then.Mildura Mayor Jason Modica said Mr Shanahan brings with him a wealth of local government CEO experience in both rural and metropolitan Councils including Portland, Broadmeadows, Maribyrnong and Darebin.He’s also previously served in interim CEO positions while Councils have recruited permanent CEOs, so is familiar with the interim role.“Philip has more than 30 years’ experience in senior state and local government positions and is perfectly suited to lead Mildura Rural City Council during this interim period,” Cr Modica said.“He is also familiar with our organisation and our region, having helped in previous CEO recruitment and performance review processes, making him the ideal person to guide us through this transition process.”Council’s current CEO Sarah Philpott will formally finish on Friday 28 May before starting in the CEO role with the City of Mount Gambier in South Australia.The recruitment process for Council’s new CEO is now underway and currently being advertised nationally. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, council, Government, local council, Mildura, Mildura Rural City Council, Mount Gambier, Portland, South Australia, Victoria
Subaru has released another teaser of the Ascent, its upcoming three-row CUV.This time, we get a peek of the interior and the Ascent’s roofline. The profile, along with the lines of the headlights, are reminiscent of the Outback. Meanwhile, the extra row of seats out back should come handy to Outback owners willing to exchange luggage space for seats. We’ll have more details from the floor of the L.A. Auto Show, following the Ascent’s big reveal next week. RELATED TAGSSubaruAWD / 4x4CUV / CrossoverLos AngelesL.A. Auto ShowNew Vehiclesall-wheel driveCrossoverSubaru CorporationSubaru Outback COMMENTSSHARE YOUR THOUGHTS Rightfully, Subaru calls the Ascent “family-sized” with seating for seven passengers, and of course, it will be all-wheel-drive. It’s also fair to say suburbia will be the Ascent’s main stomping ground, once it’s revealed later this month. advertisement Trending in Canada We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. ‹ Previous Next › 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” Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Subaru Ascent Interior teaser
Via MTL Blog, photos of the work done by Simon Laprise, a machinist in the city, were posted to Reddit of a car made entirely of snow seemingly “parked” on the illegal side of a residential street. The car is a remarkable rendition of a Delorean DMC-12 or some other sleek sports coupe, complete with what appears to be a real windshield wiper under which a parking ticket would normally go. The photos show not just one, but eventually two police cars investigating this “ghost parker,” and the officers may have initially thought it was a real car covered in snow. Unfortunately, there are no photos of a tow truck trying to take the car away, but the officers did leave Laprise a ticket – not for a fine, but with a note that read “You made our night hahahahaha :)”.Created with Raphaël 2.1.2Created with Raphaël 2.1.2A car made entirely of snow confuses police officers in Montreal. ‹ Previous Next › COMMENTSSHARE YOUR THOUGHTS Trending 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” See More Videos 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 TAGSNews Created with Raphaël 2.1.2Created with Raphaël 2.1.2 A car in Montreal made entirely of snow. A playful yet hard-working resident in the north of Montreal decided on a winter project designed to confuse ticket-wielding parking enforcement officers of the city, and it seemed to have worked. advertisement The Rolls-Royce Boat Tail may be the most expensive new car ever Trending in Canada We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information.
‹ Previous Next › advertisement See More Videos Vehicles aren’t getting any smaller, especially with all the safety features and technology stuffed into them to keep up with government regulations and the demands of the ever-hungry consumer.A car is no longer just transportation—it’s basically a second house, with close to the same amenities as your own abode. But what if the house for your second house is too small?We’re talking about garages, the little shack that hangs out next to your house and keeps your investment safe and sound. 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 We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. If you want to save money but keep capability, maybe consider a mid-sized pickup like a Toyota Tacoma or Nissan Frontier and keep a fatter stack of cash in your wallet, instead of in your garage. The want for larger vehicles has led to a huge increase in garage renovations, according to the Detroit Free Press. People are having their garages modified in many different ways to fit massive trucks and SUVs, fitting everything from larger garage doors to entirely new structures.“Vehicles are just taller,” Dustin Collier, a builder out of Traverse City, Michigan, explained to the Free Press. “You might be able to fit a Ford F-150 into a garage with nothing on its roof, but if you have lights or anything up there, it’s cutting things close.”If you’re thinking of buying a large pickup or SUV, and you don’t own a tape measure, you may be looking at anywhere between US$3,000 to US$20,000 to fit your mistake on your property.This trend isn’t going to stop either. Ford produces an F-series pickup every thirty seconds and sold around 900,000 trucks domestically in 2017. Ford’s F-series production is also only a fraction of SUV sales, and they aren’t the only brand making trucks and SUVs. RELATED TAGSF-150FordNews 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 in Canada Trending Videos COMMENTSSHARE YOUR THOUGHTS Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2015 Ford Expedition