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SUV revealed, ahead of public testing phase Rolls-Royce has issued another update on the development of its upcoming SUV, revealing the Project Cullinan mule wearing an SUV body for the first time. The Rolls-Royce Cullinan is undergoing final testing before it goes on sale in 2018. The new photographs mark a key milestone in the car’s development – all of our previous glimpses at Rolls’ ultra luxurious 4x4 have all been of the car wearing a Phantom shaped disguise, rather than the taller, more imposing car teased here. The pictures have been released to mark the beginning of pubic testing. From tomorrow, Rolls will develop its SUV on public roads, so expect plenty of spy shots revealing the car in greater detail soon. • Best luxury cars on sale right now Just after Christmas this development mule will travel north to take part in cold weather testing in the Arctic Circle. At the opposite end of the scale, it’ll be also tested in extreme heat, travelling to the Middle East later on in 2017. Dubbed 'project Cullinan' and likely to use that name for production, this is the British luxury brand's first high-riding model. In its press release Rolls-Royce says that the Cullinan is officially set to be "assessed on public roads in various locations around the world". The testing phase will ensure the SUV still "delivers Rolls-Royce's trademark 'magic-carpet' ride on a variety of surfaces and that it is resilient to extreme weather conditions". Rolls-Royce confirmed development of an all-new aluminium architecture for the Cullinan earlier this year. The new platform will also eventually be used for a next-generation Phantom, and the announcement that production of the current model has stopped confirms this. An all-new suspension system is being primed for the production Cullinan too, alongside the all-wheel-drive system. Speaking to Auto Express at the 2015 Frankfurt Motor Show, Rolls-Royce boss Torsten Muller-Otvos revealed that the upcoming Rolls-Royce SUV would be launched in the first half of 2018. He was confident about the progress being made on developing the brand's first high-riding SUV model, although he prefers to call it an all terrain vehicle. • Rolls-Royce SUV confirmed for production He also hinted that the newcomer will be called Cullinan, currently only the codename of the car – it was named after the world’s largest rough diamond. Asked if Rolls might adopt the name, Muller-Otvos smiled and said: “I love the name.” And in a direct dig at Bentley, which is describing its new Bentayga as the "best SUV in the world", he added: “The Bentley SUV is clearly the number two; Rolls-Royce is the best in the world and will be when our model arrives. We will bring a great new car, and an authentic Rolls-Royce into the market.” If the Bentayga's initial success is anything to go by, there's no doubt this could be the strongest-selling Rolls-Royce in recent years, if not ever. But don't expect the brand to adopt a mass-market pricing strategy: this is still very much a bespoke, hand-made car and the price will definitely reflect that.

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Warm seas around Australia's Great Barrier Reef have killed two-thirds of a 700-km (435 miles) stretch of coral in the past nine months, the worst die-off ever recorded on the World Heritage site, scientists who surveyed the reef said on Tuesday. Their finding of the die-off in the reef's north is a major blow for tourism at reef which, according to a 2013 Deloitte Access Economics report, attracts about A$5.2 billion ($3.9 billion) in spending each year. "The coral is essentially cooked," professor Andrew Baird, a researcher at James Cook University who was part of the reef surveys, told Reuters by telephone from Townsville in Australia's tropical north. He said the die-off was "almost certainly" the largest ever recorded anywhere because of the size of the Barrier Reef, which at 348,000 sq km (134,400 sq miles) is the biggest coral reef in the world. Bleaching occurs when the water is too warm, forcing coral to expel living algae and causing it to calcify and turn white. Mildly bleached coral can recover if the temperature drops and the survey found this occurred in southern parts of the reef, where coral mortality was much lower. While bleaching occurs naturally, scientists are concerned that rising sea temperatures caused by global warming magnifies the damage, leaving sensitive underwater ecosystems unable to recover. UNESCO's World Heritage Committee stopped short of placing the Great Barrier Reef on an "in danger" list last May but asked the Australian government for an update on its progress in safeguarding the reef. Australia will lodge that update on Friday, said a spokesman for Environment Minister Josh Frydenberg. In June, during an election campaign, Prime Minister Malcolm Turnbull promised A$1 billion in spending to protect the reef. Climate scientists argue that increased carbon dioxide in the atmosphere traps heat radiating from earth, creating global warming. Australia is one of the largest carbon emitters per capita because of its reliance on coal-fired power plants for electricity. "Climate change is killing the Great Barrier Reef," said environmentalist Charlie Wood, director of 350.org, an anti-fossil fuels movement.

HONG KONG — Under pressure from investors, Samsung Electronics said on Tuesday it might restructure its vast operations as a way to unlock shareholder value. The family-controlled South Korean electronics giant said it would consider creating a holding company and listing its operations on international exchanges. Samsung will begin a review of its options that will take at least six months, it said. The review comes after an American hedge fund, Elliott Management, called for the company to take steps to bolster its share price. Those steps included creating a holding company and a listing on an American exchange by one of its arms. A Samsung move to restructure could ease some of those concerns, according to Sanford C. Bernstein & Company, a research and brokerage firm. “Post restructure, we expect to see more alignments between the de facto ‘owners’ of Samsung group and the rest of the shareholders, and thus, expect more shareholder friendly measures” like dividends and buybacks, wrote the analyst Mark Newman. Samsung also said it would increase its dividend by more than one-third from this year’s level and buy back more shares. Although Elliott is a small shareholder, the call gained traction with other shareholders after Samsung suffered setbacks. The biggest was the recall and cancellation of its Galaxy Note 7 smartphone last month. The phone won strong reviews for its design and was considered a step forward in its competition with Apple’s po[CENSORED]r iPhone. But some of the units burst into flame, and Samsung canceled the phone after a bungled recall process. Still, Elliott had argued that the electronics company’s problems went beyond defective phones. In a letter this autumn, it said that the opaque and densely linked holding structure of Samsung’s many companies meant the true value of the company’s electronics operations had not been fully reflected in its share price. Samsung Electronics is part of the larger Samsung empire, a constellation of companies controlled by the family of its chairman, Lee Kun-hee. Jay Y. Lee, Mr. Lee’s son and vice chairman of Samsung Electronics, was expected to be a key part of any restructuring. Last month he was approved as a director of the company, which was widely seen as increasing his influence there. The push by Elliott comes after it lost an effort last year to halt the merger of Samsung C&T and Cheil Industries, a move designed to consolidate power in the hands of the younger Mr. Lee. Although that effort won the backing of international investors, it also earned Elliott the moniker “vulture capitalist” within South Korea, where large family-run companies, known as chaebol, often fiercely resist outside intervention. This time, however, things could be different. The company has taken a softer tone, and in the announcement on Tuesday, Samsung seemed to have addressed most of the points in Elliott’s letter, though it stopped short of committing to a full-on restructuring. Instead it said that it had “retained external advisers to conduct a thorough review of the optimal corporate structure,” which would take six months. In its letter, Elliott argued that the company should divide itself into two publicly traded companies: a holding company that serves as the Lee family’s main ownership vehicle, and a separate company that would hold the electronics business.

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