The tiny Smart car was meant to be a revolutionary new idea in urban mobility. But more than 20 years after its creation, the Smart car pulled out of the U.S. after years of increasingly dismal sales. Now, its parent company, Daimler, is looking in a new direction. About CNBC: From'Wall Street' to'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Apple's stock market value is heading towards a new milestone and its latest product launch on 12 September could push the tech giant closer to becoming the first ever $1tn (£760bn) company. At the end of last week, the company's market capitalisation hovered around $830bn, continuing a 10-year run that has generally headed upwards since a low of $69bn in January 2009, during the financial crisis. Tuesday's event, with the iPhone 8 the star attraction, will strive to meet investors' – and customers' – vaulting expectations. But what will Apple tempt users with to justify Wall Street's faith in its future profits? An Apple spokesman declined to discuss what will be revealed at the event in the company's $5bn, spaceship-shaped Cupertino headquarters.