VW boss agrees to a bonus cut BERLIN—Volkswagen AG Chairman Hans Dieter Potsch agreed to a sharp cut in bonuses he is entitled to from his time as the car maker’s finance chief, paving the way for a broader agreement among top executives over bonus cuts in light of the company’s crippling emissions-scandal.
Volkswagen said Wednesday that the deal would be approved at a supervisory board meeting on April 22, when the company’s directors are also expected to review a report on the diesel scandal from Jones Day. Volkswagen commissioned the U.S. law firm in September to conduct a thorough independent investigation into the events surrounding the company’s decision to rig diesel engines to cheat on emissions tests.
Stephane Ratel Named to Pirelli World Challenge Board of Directors Long Beach, California – WC Vision announced today that successful SRO Motorsports Group owner and Blancpain GT Series CEO Stephane Ratel has been named to the WC Vision and Pirelli World Challenge Board of Directors, as part of SRO Motorsports Group becoming a shareholder in WC Vision.
Ratel is the founder and CEO of the SRO Motorsports Group. The business was founded in 1995 and currently operates the promotion, support and organization of various international auto racing series throughout the world including the popular Blancpain GT Series. Ratel is internationally known as "the architect of modern GT racing."
Theodore Racing Makes Indycar Return With Rahal Letterman Lanigan Racing Theodore Racing returns to the Verizon IndyCar Series to contest three rounds of the 2016 season; Toyota Grand Prix of Long Beach; Angie's List Grand Prix of Indianapolis and the 100th running of the iconic Indianapolis 500.
Teddy Yip's Theodore Racing will make its return to the IndyCar Series, America's premier motor racing category, at Long Beach. Following a 31-year absence, the team will partner Rahal Letterman Lanigan Racing to support full-time driver Graham Rahal who will be joined at the Grand Prix of Indianapolis and Indy 500 by teammate, Spencer Pigot.
GP of Boston Announces Signing of License Agreements and Memorandum of Understanding with City of Boston, State Agencies BOSTON –Today, the Grand Prix of Boston announced that it has signed and executed License Agreements and a Memorandum of Understanding (MOU) with the necessary City of Boston and state agencies, completing another major step for establishing the race to run in the South Boston Waterfront neighborhood this Labor Day weekend.
The License Agreements signed by the City of Boston, Massachusetts Department of Transportation, Massachusetts Bay Transportation Authority, Massachusetts Convention Center Authority and the MOU signed by the Massachusetts Port Authority includes many conditions and protections with guarantees that:
Faraday Future officially breaks ground on its $1 billion factory
Faraday Future and Nevada state officials attend the groundbreaking ceremony for the electric-car maker's first US factory.
NORTH LAS VEGAS, Nevada -- Some four months after electric-car company Faraday Future announced plans to build its first US manufacturing facility in Nevada, the ceremonial shovels have been driven into the ground.
"Welcome home, Faraday. Welcome home," Nevada Gov. Brian Sandoval declared as he took the stage at the construction site in North Las Vegas on Wednesday.
About 4,500 jobs will be created in and around the planned 900-acre factory that will house the assembly line for Faraday Future's forthcoming electric autonomous vehicles.
Some of the core technologies for those rides are in the advanced stages of development, according to Nick Sampson, Faraday Future's SVP of research and development and engineering. He tells Business Insider that the process has been a smooth one so far.
Mike Conway will be on home turf this weekend as he returns for his second full season with Toyota Gazoo Racing for the eagerly-anticipated opening round of the 2016 FIA World Endurance Championship - the 6 Hours of Silverstone.
Following a difficult 2015 season, hopes are high for the Toyota team's new TS050 Hybrid to take them back to the front of the field again. Mike Conway flies the British flag next to Stephane Sarrazin and Kamui Kobayashi in the #6 car.
Drag Racing Driver, Dies from Injuries in Crash (Update) UPDATE Drag Illustrated reporter Ian Tocher "is awake and improving continuously" after undergoing surgery, Drag Illustrated reported on its Facebook page Tuesday night.
Tocher was hit by Ronnie Davis’ 1963 Corvette in a crash Saturday at Rockingham Dragway. Davis, 66, succumbed to his injuries on Sunday.
According to Drag Illustrated Facebook’s news feed, Tocher was in a stable condition when he arrived at UNC Medical Center’s Trauma Center in Chapen Hill, N.C. However, he was sedated and, due to some severe lacerations, suffered a lot of blood loss. He underwent surgery to repair his pelvis, which was flattened in the incident, and his left leg, which was broken in multiple positions.
Mattias Ekstrom has contested 161 DTM races in his career, celebrated 21 victories with Audi and seen just about everything in 15 years of competing in the popular touring car series. Still, the DTM opener at Hockenheim from May 6 to 8 will be a special weekend for the two-time DTM Champion. The versatile Swede is venturing a double start, competing in both the DTM and the FIA World Rallycross Championship (World RX).
"Being able to race in the DTM and in rallycross at Hockenheim is like Christmas and Easter combined on a single day for me," says the 2004 and 2007 DTM Champion.
Dale Jr. says he'll be nervous to meet Peyton Manning
Dale Earnhardt Jr. has met Peyton Manning before, but that doesn't mean he won't get nervous when he meets the recently retired Super Bowl champion quarterback Sunday.
Manning is scheduled to join Earnhardt during driver introductions before the Sprint Cup Series race at Bristol Motor Speedway.
Just like fans often get when they meet NASCAR's most popular driver, Earnhardt expects to get a little tongue-tied when around Manning as they ride around in the pickup truck waving to fans following driver introductions.
Watkins Glen International will unveil its newly resurfaced race track on Friday, and then let the public take their own cars on the track this weekend to test it out.
Contractors began work on the $11 million repaving project began right after the NASCAR Sprint Cup race last August and continued through the winter. The finishing touches are being put on this spring, just in time for WGI's annual Opening Weekend festivities, when fans can take laps to raise money for charity.
Live tonight: Top 5 IndyCar legends of all time (Update) UPDATE You can watch a replay of the event by pressing the red play button below and then dragging the progress bar over to the 1-hour mark.
04/13/16 The Petersen Automotive Museum in Los Angeles welcomes the top five winning drivers in Indy car history for an exclusive #IndyCarLegends Q&A symposium, streamed LIVE on IndyCar.com tonight at 10:30 p.m. ET. You won't want to miss it.
Long Beach Grand Prix TV Times NBCSN presents the 42nd running of the Toyota Grand Prix of Long Beach this Sunday at 4:30 p.m. ET, as Scott Dixon (Target Chip Ganassi Racing) looks to build off of his victory at Phoenix International Raceway two weekends ago.
Dixon took the checkered flag in Long Beach last year, his first Grand Prix of Long Beach victory. Simon Pagenaud (Penske) currently leads the point standings following back-to-back second-place finishes to start the 2016 campaign. Coverage begins with qualifying on Saturday at 6 p.m. ET on NBCSN, prior to Sunday’s live grand prix coverage.
Lewis Hamilton will receive a five-place grid penalty for the Chinese Grand Prix this weekend after Mercedes opted to make a precautionary gearbox change.
The two-time world champion, who starts the weekend 17 points adrift of his Mercedes AMG Petronas team-mate Nico Rosberg in Shanghai, suffered damage during the preceding Bahrain Grand Prix after a collision with Valtteri Bottas on the opening lap.
Tune-In Alert: BUBBA burger Sports Car Grand Prix at Long Beach The IMSA WeatherTech SportsCar Championship season continues with the BUBBA burger Sports Car Grand Prix at Long Beach on Saturday, April 16, part of America’s longest-running and most successful street racing event.
After racing a combined 36 hours in Florida’s classic endurance tests at Daytona Beach and Sebring, the WeatherTech Championship shifts into sprint mode with a 100-minute race for the Prototype, GT Le Mans and Prototype Challenge classes.
Ford Begins Taking Owner Applications For All-New Ford Gt Supercar At Fordgt.Com
Applications for the all-new Ford GT supercar may be submitted starting today for the first two years of production - 500 vehicles, via FordGT.com website; online configurator allows anyone to build the Ford GT of their dreams
Limited production inspired a unique, customer-focused purchase experience open to all; application process to help identify potential Ford GT owners who will celebrate Ford brand
All-new Ford GT Concierge Service to launch for personalized purchase experience
If further proof were needed that F1 drivers are enjoying a united front these days, one need look no further than social media as 18 drivers met up for dinner ahead of Chinese Grand Prix weekend.
Indeed, all but Kimi Raikkonen, Romain Grosjean, Kevin Magnussen, Jolyon Palmer and Rio Haryanto appeared to be present.
Whilst the whereabouts of Raikkonen - who was actually in Taipei opening a new Ferrari flagship service center and showroom - led to speculation, some wondering if he had gone off for ice cream or was perhaps under the table, it is understood Haryanto was attending a fan event whilst the Renault duo also had 'prior commitments'. Then again, last week Renault revealed that whilst in China Kevin Magnussen prefers Japanese food.
IndyCar sticks with controversial aero package for Indy 500
IndyCar playing with fire
Get ready to learn about domed skids, because IndyCar is sticking with them for next month’s Indianapolis 500, IndyStar learned Wednesday.
The curved pieces are affixed to the bottom of superspeedway cars in an effort to prevent them from lifting off the ground during spins as three Chevrolets did in preparation for last year’s event at Indianapolis Motor Speedway. These aerodynamic pieces - used in previous generations of Indy cars – were approved for reintroduction months ago by Chevrolet and Honda, and they were subject to computer simulations and wind tunnel testing.
HOLLYWOOD, FL. ---- Laurie Force, Matt Hagan, Rick Jones, Aaron Stanfield, Terry Ruckman, NHRA National Dragster's Kevin McKenna, and NHRA's Alan Reinhart all join host Joe Castello on this week's WFO Radio NHRA Nitro.
Laurie Force discusses winning the Pat Garlits Memorial Award. Force discusses the early days with John Force, and raising Ashley, Courtney, and Brittany Force with John on the road in the NHRA.
2-time NHRA Funny Car Champion, Matt Hagan, discusses his team's early season struggles, running a 6 disc clutch while his teammates still use the 5 disc, and his thoughts on the upcoming Lowe's Foods 4-Wide Nationals.
Indiana Wesleyan University Joins Carpenter For 100th Indy 500 (MARION, Ind.) April 13, 2016 - Indiana Wesleyan University (IWU) announced today a partnership with Verizon IndyCar Series driver Ed Carpenter for the 100th Running of the Indianapolis 500. Carpenter is the only owner/driver in the series, competing for his own team, Ed Carpenter Racing (ECR). IWU will support Carpenter as he makes his 13th start in the iconic 500-mile race on May 29, 2016.
“It is great to be able to partner with Indiana Wesleyan University. As a full-time athlete and a college graduate, I value the importance of higher education,” Carpenter stated. “Without my degree, I certainly don’t think I would be in the position I am today. I look forward to working with IWU and their current and prospective students!”
Video: Ferrari on Shanghai challenges Sebastian Vettel's race engineer, Riccardo Adami, discusses the challenges of the Shanghai International Circuit, which this weekend plays host to the Chinese Grand Prix. Comment
Track tussle cancels Rockingham Speedway race UPDATE A year after the deadline for a court-ordered sale, the legendary Rockingham Speedway is going on the auction block.
According a notice of foreclosure sale filed in Richmond County Superior Court on April 7, the property will be sold "to the highest bidder for cash" at a public auction May 5. The notice states the sale will include "the real property, together with all rights, privileges and appurtenances thereto...and the personal property described in the deed of trust."
It goes on to state that the property will be sold subject to any and all matters superior to the lien of the deed of trust, including: superior mortgages, deeds of trust, liens and assessments, if any; the lien of unpaid ad valorem taxes; valid and enforceable easements and restrictions of record; and matters which would be revealed by a current and accurate survey of the property.
Councilor threatens Indy for ignoring South Boston (Update) UPDATE
David Lurie - is typical of what's wrong with America today - and how a few can ruin something good for the greater mass
Residents raised objections last night to a plan to divert commercial trucks onto West First Street during the IndyCar race on Labor Day weekend.
The planned race course will incorporate New Cypher Street, making it difficult for traffic to move through Summer Street and the Fish Pier without a direct route from the South Boston Bypass to West First Street, Grand Prix of Boston representatives said.
"A connection would be built on West First Street with the intention for it to be only used over the race weekend," said Keri Pyke, principal of planning and public involvement for the race. "Massport and the city said we need to make a provision."
Graham Rahal reveals new PennGrade livery for Long Beach The No. 15 Rahal Letterman Lanigan Racing Honda will have new colors and a new primary sponsor this weekend for the Toyota Grand Prix of Long Beach, as Graham Rahal revealed the car’s colors on Monday using Instagram.
PennGrade Motor Oil, which of course serves as the presenting sponsor of the 100th running of the Indianapolis 500, has taken on a greater role with the RLL team this year, and will serve as primary sponsor on Rahal’s No. 15 Honda for Long Beach.
PennGrade is a brand of Lebanon, Ind.-based D-A Lubricant Co., which joined RLL last year.
"I’m thrilled to run the PennGrade Motor Oil livery in Long Beach," Rahal said. "The car is so cool looking, and for me it’s just going to be a lot of fun to get out there and drive it. PennGrade has been a tremendous partner of our team since last year and I am very excited to see what happens with the brand going forward."
Ford to replace aging research, engineering campus in Mich. Ford Motor Co. plans to begin a sweeping overhaul of its 63-year-old research and engineering campus near Detroit this month, transforming an inefficient hodgepodge of buildings into a "modern, green and high-tech" environment that centralizes more employees to encourage collaboration and innovation.
Changes detailed by the automaker today include a new design center to replace the sprawling product development center and historic design dome, a more walkable layout and a building that showcases Ford's commitment to sustainability by creating zero waste and generating its own energy. The new product campus, expected to be mostly complete within seven years, will be served by a network of autonomous vehicles, on-demand shuttles and electric bikes, Ford said.
IMSA President and Chief Operating Officer Scott Atherton said there's been healthy and productive dialogue with the ACO, despite the two sanctioning bodies not entirely agreeing on the details of IMSA's new DPi platform, which will debut next year.
"From the beginning of this partnership… it was acknowledged that we were pursuing a common global prototype, albeit with very significant differences in terms of what each entity would utilize that global platform," Atherton told Sportscar365 in an exclusive interview.
Ryan Hunter-Reay says IndyCar officials are in a tough position over the performance deficit between Chevy and Honda teams.
"It's a bit concerning," the 2012 IndyCar champion and '14 Indianapolis 500 winner told Autosport.
"You are white-knuckling it out there and sweating your rear-end off and holding your breath through the corners trying to get everything you can out of it against Chevrolet, all the while knowing they have a bit of a performance advantage.
Sahlen's Joins Roger Penske Tribute June 30 Sahlen's, the primary sponsor of the upcoming Six Hours of The Glen IMSA competition at Watkins Glen International, has joined industry stalwarts to honor Roger Penske with the Cameron R. Argetsinger Award for Outstanding Contributions to Motorsports.
Penske, celebrating 50 years as a team owner this year, is being honored on June 30 with the Argetsinger Award at the International Motor Racing Research Center Award Dinner, presented by NASCAR, International Speedway Corp., Watkins Glen International and IMSA.
James Hunt: A Celebration Of The Most Charismatic Man Ever In Formula 1 It is 40 years since James Hunt beat Niki Lauda to the 1976 World Championship title in Japan, winning by one point and settling one of the fiercest duels in Formula 1 history.
This year the Festival of Speed will be celebrating Hunt, a motoring legend, full of charm, determination and desire to win, once described by Lauda as 'the most charismatic personality there has ever been in Formula 1', and the embodiment of the 2016 theme, "Full Throttle: The Endless Pursuit of Power".
DENSO Announces DENSO 2 Win NHRA Sweepstakes LONG BEACH, Calif. – DENSO, a leading global automotive supplier, invites fans to enter the DENSO 2 Win NHRA Sweepstakes for tickets to the action-packed final weekend of the 2016 NHRA Mello Yellow Drag Racing Series. The exclusive package includes round-trip airfare for two from anywhere in the continental U.S., three-day, four-night hotel accommodations, and VIP access to the NHRA drivers.
DENSO announced the contest at the recent DENSO Spark Plugs NHRA Nationals in Las Vegas. Fans have until Oct. 16 to enter online at www.densoautoparts.com/denso2win.
FS1's NASCAR Race Hub to Broadcast LIVE from Headquarters of Smithfield Foods
Aric Almirola's Smithfield Livery
On Thursday, April 21st, Smithfield Foods, sponsor of the No. 43 Richard Petty Motorsports (RPM) race team, is bringing the excitement of racing to Smithfield, VA leading up to race weekend at their "home track," Richmond International Raceway.
FS1's NASCAR Race Hub program, the most-watched NASCAR news and entertainment show on television, will broadcast LIVE from the Smithfield Foods' headquarters from 5:00pm - 6:00pm - a first for the popular FOX NASCAR program. "The King" Richard Petty and No. 43 driver Aric Almirola will be onsite to discuss the upcoming race and meet with fans, take photos, and sign autographs.
KVSH Racing Announces California Baptist University Partnership
Bourdais' livery for Long Beach
KVSH Racing announced today an innovative partnership with California Baptist University for the 2016 Verizon IndyCar season starting with the Toyota Grand Prix of Long Beach.
California Baptist University will be the primary sponsor of the KVSH No. 11 entry driven by Sebastien Bourdais for the Long Beach Grand Prix, April 15-17, on the streets of Long Beach, CA. They will be an associate partner of the team for the remainder of the 2016 season. However, that is only half the story…
INDYCAR and MillerCoors announce long-term partnership A longtime partner and sponsor in Indy car racing, MillerCoors has reached a multiyear partnership agreement with INDYCAR that will see the second-largest brewer in the United States become the official beer and cider of INDYCAR and activate its status in many Verizon IndyCar Series race markets.
“We’re delighted to welcome MillerCoors back to INDYCAR and excited to add another commercial partner to the Verizon IndyCar Series,” said Mark Miles, CEO of Hulman & Co., the parent of INDYCAR and Indianapolis Motor Speedway. “The key to this partnership is MillerCoors’ plans to activate in many of our race markets, which we’re confident is an essential component in furthering the momentum of the Verizon IndyCar Series this season.”
Michelin ACO Asian Series partner for the 2016/2017 season
Japanese sports car fans at Fuji
Michelin has renewed its confidence in the Asian Le Mans Series for the fourth year running, and has extended its involvement in the whole platform put in place by the Automobile Club de l’Ouest on the Asian continent.
This year the French manufacturer will be the exclusive supplier for the whole field in the Automobile Club de l’Ouest’s two Asian series: the Asian Le Mans Series, the ACO’s main championship in Asia that will now be run to a four-hour format, and the Asian Le Mans Series Sprint Cup, the new series reserved for LM P3 and CN prototypes and GT Cup cars, which will have a sprint format with two one-hour races.
Tickets to the 30th running of the Honda Indy Toronto are now on sale for the general public at hondaindy.com and the exclusive Champions Club program and benefits for renewal ticket customers has been extended to new ticket purchasers for a limited time.
From now until April 25, customers who purchase two-day grandstand tickets for the 2016 Honda Indy Toronto will receive exclusive benefits, including Paddock Passes, access to the Verizon IndyCar Series pre-race grid walk and an opportunity to sign the start/finish line.
IndyCar rides planned ahead of Wabash College panel (Update) UPDATE
Mark Miles a Wabash graduate
The 100th running of the Indianapolis 500 is coming soon to all those race lovers out there. Along with that, came a premature look at this year’s race with four Wabash alumni and a former Crawfordsville resident who are all involved in the race.
“IndyCar & the Liberal Arts” was presented by the Wabash student newspaper, The Bachelor.
The panel consisted of Mark Miles ’76, President and CEO of Hulman and Company, the parent to the Indianapolis Motor Speedway and Verizon IndyCar series, Curt Cavin (father of Quinn ’19) longtime sports writer for The Indianapolis Star, sponsors and brothers Jonathan II ’97 and David ’98 Byrd of the Jonathan Byrd’s restaurant and hospitality empire, and their driver Conor Daly, two-time Indianapolis 500 starter. The panel was moderated by Chris Denari ’83, TV voice for the Indiana Pacers and longtime turn 4 announcer for the Indianapolis Motor Speedway Radio Network.
SMI Chairman Bruton Smith interested in buying Carolina Panthers
Bruton Smith (L) with son Marcus
For O. Bruton Smith, hosting the Battle at Bristol between the University of Tennessee and Virginia Tech on Sept. 20 might not be his sole path to diversifying his entertainment portfolio to football and a broader sports platform.
The Chairman of Speedway Motorsport confirmed his interest in purchasing the Carolina Panthers during an interview at Texas Motor Speedway this past weekend.
"We were talking about this today,” Smith told Motorsport.com. “Would I buy them? I’ve got some boys that want me to, and so we may -- on a weak moment -- we might would do that."
City of Windsor and Detroit GP Announce 2016 Partnership and Ticket Package
The City of Windsor and the Chevrolet Detroit Belle Isle Grand Prix today announced their renewed partnership for 2016 and revealed details that will make it even easier for Canadian fans to experience the unique “two-nation destination” Grand Prix weekend.
For the seventh year, the Grand Prix and the City of Windsor will team up in 2016 and provide an efficient and safe way for Canadian fans to visit Belle Isle Park through Transit Windsor and experience the excitement of the 2016 Chevrolet Detroit Belle Isle Grand Prix, June 3-5.
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