BP Eyes More Spending Cuts After 80% Profit Drop BP said on Tuesday it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the year, when oil prices touched a near 13-year low.
The British oil company, the first major to report on one of the weakest quarters, lowered its 2016 spending target to $17 billion, from $17-19 billion, and said the marker could fall to $15-$17 billion next year if oil prices remain weak.
Scuderia Toro Rosso has announced John Booth has joined its F1 team as a consultant in the role of 'Director of Racing'.
The 61 year-old is one of the founding members of the Manor Racing team, which competed in junior categories for almost two decades before progressing to F1 in 2010 under the Virgin Racing banner, which became Marussia and then back to Manor in 2015.
Having exited the team at the end of the 2015 season as an indirect consequence of having sold Manor F1 to get it out of administration a year earlier, Booth and Graeme Lowdon 'reformed' Manor as a sportscar team, making its World Endurance Championship debut at Silverstone.
Petty Motorsports Secures Robb Rogers as Pit Crew Coach Richard Petty Motorsports secured 36-year-veteran coach Robb Rogers to lead the pit crews for both Sprint Cup Series teams and the XFINITY Series team. Rogers brings a varied resume with experience training emerging athletes to first round picks, Olympians to soccer moms, walk on free agents to perennial All-Pro athletes. His diverse experience will bring a new perspective to pit crew coaching for Richard Petty Motorsports.
Rogers will coach 18 athletes who's focus is to train throughout the week to perform solid pit stops in 11 seconds or less on race day. A pivotal aspect of the race, both the Sprint Cup No. 43 and No. 44 teams rely on their crews to keep and ideally enhance their position each pit stop during the race.
Tony Stewart said Sunday that he wasn't sure why he was fined $35,000 last week by NASCAR after comments he made about officials not requiring teams to tighten all five lug nuts on each wheel. NASCAR Chairman Brian France told SiriusXM NASCAR Radio on Monday that Stewart's fine was based on what he said and how he said it. "Tony has been very aware of how we approach from a criticism standpoint of the sport and the product of the racing itself and safety is paramount," France told host Dave Moody. "Tony is very aware of how we look at that."
Grand Prix of Boston Announces Roxbury Technologies Today the Grand Prix of Boston powered by LogMeIn announced that Roxbury Technologies would be the Official Toner and Ink cartridge Supplier and Recycler for the Grand Prix. Additionally we are pleased that their partnership with the Grand Prix will allow them to introduce their newest product offering, Commercial and Industrial LED lighting which they will be showcasing at the event’s lifestyle expo.
Roxbury Technologies, located in Hyde Park, specializes in premium re-manufactured toner cartridges and imaging solutions. The company recycles over 50,000 ink cartridges annually with a goal of zero landfill waste. Additionally Roxbury Technologies is lauded in the Boston area for their charitable and business partnerships. Roxbury Technologies President and CEO Beth Williams shared her enthusiasm about the partnership saying, “I feel privileged to be a part of the inaugural launch of the Grand Prix of Boston; a first of its kind, inclusive event that will bring the whole City together for a weekend of fun like we’ve never seen before.”
Graphene-based ultracapacitors give trucks a boost of acceleration
The kinetic energy recovery system (KERS) is axle-mounted and stores power in a bank of ultracapacitors
Readers of AR1.com know that we have talked about batteries of the future being made with Graphene instead of Lithium Ion because 1) They recharge very fast - within minutes, 2) they store more energy, 3) When you dispose of them they contain no hazardous waste, just thin sheets of carbon. The only thing needed was for companies to learn how to manufacture graphene batteries (called ultra-capacitors) cost effectively. Well that day is getting closer......
At the Commercial Vehicle Show in Birmingham, UK, French transportation technology developer Adgero will unveil a curtainsider semi-trailer fitted with a regenerative braking system that utilizes ultracapacitors to provide a boost of acceleration. The kinetic energy recovery system (KERS) is designed to provide a 25 percent cut in fuel usage and carbon emissions.
"Like so many other drivers, I grew up dreaming about the Indianapolis 500 and it's all I've worked toward for the past few years. Justin raced in the 500 eight times and it was a dream to join him on the starting grid and race against him. I just never anticipated a situation where Justin wouldn't be there with me," said Stefan, a U.K. native who now calls Indianapolis home.
UK Motorsports Hall of Fame announces 2016 candidates The Motor Sport Hall of Fame has now announced the nominees for its 2016 awards. The top three nominees in each category will be confirmed at the Hall of Fame Awards dinner, which will take place on Tuesday May 31 at the Royal Automobile Club, Woodcote Park, Epsom. Those in contention for the honor, will no doubt be on tenterhooks as they wait to find out if they have been awarded the prize that is considered the Oscar’s of the motorsport world.
Video: F1 Strategy explained On this week’s Silver Arrows Show Rosanna talks to Chief Strategist James Vowles about tire strategy and finds out what difference Pirelli's third compound can make in the 2016 season. Watch as Niki Lauda receives his lifetime achievement award and Tony Ross shares his podium story.
Video: Jenson Button previews Russian GP at Sochi Speaking ahead of the Russian GP, McLaren-Honda's Jenson Button shares his thoughts and memories of Sochi Autodrom – a track which continues to establish itself as a regular fixture on the F1 calendar.
Monday after the Gran Premio Red Bull de Espana saw the first in-season MotoGP World Championship test take place. All teams but Avintia Racing remained behind at the Jerez Circuit to assess a number of new parts and continue improving their overall feeling with the new tires and electronics.
Tires have been a major talking point throughout the start of the season and Michelin are still working hard to deliver the best possible material they can. The French tyre company brought along three new front tires for riders to test, each team were given one tyre with the hard compound and a revised construction and another tyre designed to stop locking under braking. Factory teams were also given the third front tyre, which has both a new compound and new construction. Rear tires remained unchanged.
Video: 2016 Honda Indy Grand Prix of Alabama Race Highlights Simon Pagenaud’s dominance in the 7th Honda Indy Grand Prix of Alabama was interrupted briefly by a late charge from Graham Rahal, but it didn’t last long. Comment
Stewart-Haas Racing Pitching Sponsorship Inventory To Be Split Between NASCAR, F1
Stewart-Haas Racing has begun pitching sponsorship inventory that can be split between its NASCAR team and that of its new sister Formula One operation, Haas F1.
Haas F1 is owned by machine parts titan Gene Haas, who is also co-owner of SHR alongside Tony Stewart, the outgoing driver of the team’s No. 14 Sprint Cup Series entry. While Stewart is not financially involved in Haas F1, the teams operate as sister companies to a large extent.
Stewart-Haas and Haas F1 declined to specify how the new offering would work, but SHR began reaching out to prospective sponsors about the new bundling option last week.
NASCAR will require teams to tighten all lugnuts NASCAR sent a memo to teams on Monday updating the NASCAR rulebook that all 5 lug nuts are now required to be installed:
.a All tires, wheels, and all five lugnuts must be installed in a safe and secure manner at all times during the event. .b NASCAR reserves the right at any time to require any Competitor to report to pit road to inspect for any non compliance. .c Any loss of a wheel(s) beyond the exit of pit road may result in a penalty...
Violation of the section, resulting in the loss of a wheel, could result in a mandatory minimum four race suspension of the crew chief and tire changer and tire carrier.
International Speedway Corporation announced that Joie Chitwood III, Executive Vice President, ISC and President of Daytona International Speedway, has been promoted to Chief Operating Officer of ISC. Concurrently, the Company announced that Chip Wile, President of Darlington Raceway, has been promoted to President of Daytona International Speedway.
"Joie has played a tremendous role in the success of our flagship racetrack at Daytona International Speedway since 2010," stated ISC CEO Lesa France Kennedy. "Most recently, his leadership of the DAYTONA Rising project, while simultaneously operating the facility, has demonstrated his operational acumen."
Indianapolis Motor Speedway releases new and improved Race Day app
IMS App interface
With the historic 100th Running of the Indianapolis 500 presented by PennGrade Motor Oil just around the corner, the Indianapolis Motor Speedway has released a new and improved IMS Mobile App.
This free app will be a must-have for all important information and events happening at IMS. To find it on the Apple or Android App Store, search "IMS Mobile" and select the "Brickyard Mobile" app. Once downloaded, everything you need from buying tickets to parking to daily schedules will be in the palm of your hand. This handy tool will even send you up-to-the-minute notifications whenever something major happens.
Video: Simon Pagenaud's aggressive driving gets him his 6th career win Simon Pagenaud holds off Graham Rahal with nine laps to go and stays aggressive to capture the win at Barber for his sixth career victory. Comment
Video: Simon Pagenaud talks late battle with Graham Rahal Simon Pagenaud grabs his second consecutive victory after a late-race battle with Graham Rahal down the stretch. Pagenaud talks about being in the prime of his career and is "delighted" to be in victory lane. Comment
Video: Graham Rahal disappointed in finish: 'We should have won today' Graham Rahal is clearly disappointed in the way the race's closing laps played out and walks us through what went down, revealing they had been racing with a broken right, front flap for the majority of the race. Comment
Alabama GP draws 83,765 The 2016 Honda Indy Grand Prix of Alabama announced a 3-day attendance of 83,765. This was the second highest weekend attendance – the first highest attendance was in 2010 with an attendance of 84,126.
Tony Stewart Addresses His $35,000 Fine - Stewart will continue to speak his mind
Tony Stewart at Richmond
Prior to his first start of the season following an off-season back injury, three-time NASCAR SPRINT CUP SERIES champion Tony Stewart joined the FOX NASCAR SUNDAY gang (VIDEO) from Richmond International Raceway to discuss the $35,000 fine levied on him by NASCAR last week for comments he made regarding lug nuts that called safety into question. In what are believed to be his first public, on-the-record comments since NASCAR fined him, Stewart discussed with FOX Sports the motivation behind his comments and returning to the race car at Richmond.
Below are quotes from Stewart’s interview with FOX pre-race host Chris Myers and analysts Jeff Gordon, Darrell Waltrip and Michael Waltrip:
TONY STEWART, NO. 14 MOBIL 1 ADVANCED FUEL ECONOMY CHEVROLET SS, spoke with the FOX broadcast team prior to the start of today’s race at Richmond International Raceway.
FOX: FOX NASCAR live from Richmond International Raceway. We thank the three-time champ Tony Stewart for joining us down on the track. it's great to have you back. what do you expect from yourself in today's race?
Tony Stewart: Honestly, I just expect to go do what I have always done for the last 36 years since I started racing. just get in and do the best I can. Mike and all these guys on the Mobile 1 Chevy team, they have done an awesome job. They had long hours starting Wednesday afternoon switching this thing over from Brian Vickers being in the car to getting my seat and everything set up for me. so they had a late, late night Wednesday night. I appreciate that. This is exactly what -- if I could script this, this is what I want. it's a day race, my favorite track, no clouds in the sky. It's going to get warm. that's every piece of every variable I could ask for.
The streak of different Indy Lights Presented by Cooper Tires winners continues as Uruguayan rising star Santiago "Santi" Urrutia claimed victory in today’s Indy Lights Legacy 100 at Barber Motorsports Park for Schmidt Peterson Motorsports with Curb-Agajanian.
Urrutia, 19, laid down a marker yesterday by posting the fastest lap of the race in the #55 Soul Red Dallara-Mazda. Today, in front of a large crowd basking in perfect weather conditions at the picturesque 2.3-mile road course, last year’s winner of the Pro Mazda Championship Presented by Cooper Tires swept from third place to the lead inside the first four laps, then controlled the remainder of the 50-minute race to become the fifth different driver to step onto the top of the podium in as many races.
Patricio "Pato" O’Ward is still working to secure a full-season drive with Team Pelfrey in the Pro Mazda Championship Presented by Cooper Tires, but he certainly aided his quest this weekend at Barber Motorsports Park by winning both 40-minute races which comprised the Mazda North American Operations Presents the Pro Mazda Grand Prix of Alabama.
Teammate Aaron Telitz chased O’Ward home for the third time in four races this season, while Garett Grist finished third for the second race in succession for Juncos Racing.
IndyCar Tire Selections The teams and drivers have made their starting tire selections known for today's Honda Indy Grand Prix of Alabama. Fourteen of the 21 starters will begin the race on the Firestone Alternate 'reds'. The seven drivers starting on the Primary 'blacks' are:
Pagenaud leads warm-up (Update) UPDATE We have added the full field times from this morning's warm-up session. See below.
Simon Pagenaud stays on top in the morning warm-up
With a lap time of 1:08.0215s, Simon Pagenaud led this morning's warm-up session for today's Honda Indy Grand Prix of Alabama at Barber Motorsports Park. The driver of the #22 PPG Automotive Refinish Team Penske Chevrolet took the checkered flag at last week's race in Long Beach, and will start from pole in this afternoon's race.
Originally scheduled for 30 minutes, an additional five minutes was added to the session after two red flags; the first for Carlos Munoz who came to a stop on the approach to turn 5 with the second for a Mikhail Aleshin spin at the pit entry. Aleshin restarted when the track went green, while the status for Munoz's car for this afternoon's race is not yet known.
It is beautiful morning here in Birmingham, Alabama. The weather is expected in the low 80's and sunny, which the drivers are saying will make the track unpredictable during today's race.
Sebastien Bourdais broke the qualifying track record yesterday, previously held by Scott Dixon. During the second session of qualifying, he established a new track record of 1.06.6001 seconds. However, he is not on the pole but will start fifth due to his time in the Fast Six session.
F1 Russian GP: Haas wouldn’t block Grosjean to Ferrari approach Gene Haas says he has no desire to 'ever hold a driver back' if they are approached by another team, saying it'd be 'crazy' to stop Romain Grosjean's career progressing to a team like Ferrari.
The Frenchman joined new F1 entrants Haas at the beginning of the season after four years with Lotus, a move which many interpreted as an opportunity to put him in a more direct gaze of Ferrari, which has been working as a technical partner of the American outfit.
BIRMINGHAM, Ala. – Canada’s Parker Thompson secured a clean sweep of the Cooper Tires USF2000 Grand Prix of Alabama, capitalizing on his maiden victory yesterday and winning again this afternoon for Cape Motorsports with Wayne Taylor Racing to take the lead of the Cooper Tires USF2000 Championship Powered by Mazda after four of the season’s 16 races.
Australian Luke Gabin finished second for JAY Motorsports, while teenage New Yorker Robert Megennis completed the podium with an impressive drive for Team Pelfrey after working his way up from 10th position on the starting grid.
Team Pelfrey once again flexed its muscles in this afternoon’s third round of the Pro Mazda Championship Presented by Cooper Tires at Barber Motorsports Park. Wisconsin native Aaron Telitz led for most of the 40-minute contest, the first of two races this weekend that will comprise the Mazda North American Operations Presents the Pro Mazda Grand Prix of Alabama, but teenage Mexican Patricio "Pato" O’Ward pounced soon after a restart in the closing stages to secure his second win of the season.
Canadian Garett Grist completed the podium for Juncos Racing.
Di Grassi: Vettel & Hamilton would have a hard time in Formula E
Lucas Di Grassi
Formula E Championship leader Lucas Di Grassi says that he believes the top men in Formula 1 would struggle to immediately adjust to the electric series. Speaking ahead of the inaugural French event, which takes place on the streets of Paris this weekend, Audi Sport Abt driver Lucas Di Grassi told CNN that he believes his former F1 rivals such as Lewis Hamilton & Sebastian Vettel would struggle upon entry into Formula E.
The Audi WEC driver, who was part of the No.8 driver line-up at last weekend’s 6 Hours of Silverstone, spoke of his frustration at being disqualified from his victory at the Mexico ePrix last month due to his car being underweight, before being asked about whether the F1 Champions could make the transition:
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