Formula E Is On Track Financially, CEO says, even though it's losing its shirt (Update)
Alejandro Agag is playing Voodoo economics
UPDATE Formula E is not a 'fan' sport - no sound, hence too boring. It is a manufacturer R&D sport much like WEC and F1 and has become a proving ground for manufacturers which are monitoring the Electric Vehicle (EV) market to see if it takes off. Audi, BMW and Renault are all involved in Formula E which races on tracks in city centers as the cars produce no emissions and little noise. However, its financial performance is far horrible.
Formula E has revealed that it has received $68.2 million of investment since the start of 2016 despite its total net losses hitting $110.5 million due to high start-up costs.
The series launched in September 2014 and a report in the Express last year revealed that in its first season it burned up net losses of $71.1 million. It is still stuck in the slow lane.
Roush Fenway expects to remain at two teams in 2018 .@roushfenway prez Steve Newmark tells #TradinPaint RFR will "most likely" be 2 Cup cars and 1 NXS car in 2018, although that could change
Roush Fenway is fielding two full time Monster Energy NASCAR Cup Series teams this season with #6-Trevor Bayne and #17-Ricky Stenhouse, Jr. They shut down the #16-Greg Biffle team after last season and leased the charter to JTG Daugherty Racing for #37-Chris Buescher.
Front Row Motorsports makes structural changes Effective today, Front Row Motorsports has named Donnie Wingo competition director for the two-car Monster Energy NASCAR Cup Series team.
The veteran crew chief of more than 30 years will lead the team's efforts to improve the performance of the cars and will serve as the primary liaison in the organization's technical alliance with Roush Fenway Racing.
As the silent Formula E car passes, fans fall asleep
Mahindra Racing flew the flag for the FIA Formula E Championship at the Goodwood Festival of Speed last weekend, setting a brand new open-wheel eRecord in the process.
Challenging convention, the team took the unprecedented step of debuting its brand new, as yet unraced, M4Electro in public for the first time. The car, with which the team will contest the 2017-18 Formula E season, raced up the famous Goodwood hill with Nick Heidfeld at the wheel.
Porsche Developing Autonomous Racing Car Software To Replicate Driving Experience
Porsche is developing autonomous car technology to "enable a driver to experience hands-free how a professional motor racing champion would tackle a racetrack," according to Patrick McGee of the FINANCIAL TIMES.
The German sports car maker is "aiming to use software that will capture data from professional drivers as they rip around a racecourse."
It will then upload the data so a self-driving Porsche can "replicate the entire driving experience on the track."
A 70-year-old New Jersey racer died during a race in Minnesota on Sunday.
A health issue may have contributed to a crash by Mel Shaw of Voorhees, NJ during turn 3 of the Sports Car Club of America race at the Brainerd International Raceway. The crash happened during the PleasureLand RV Show & Go on Sunday, according to a statement from the raceway.
Documentary will let Dixon's greatness shine through
Dixon with his kids after winning pole at Indy this year
For someone who has earned the spotlight with his tremendous racing achievements, Scott Dixon certainly doesn't like to bask in it. But with each added accomplishment on track, the glare of success shines brighter on the Chip Ganassi Racing star.
It makes all the more amusing the fact that the four-time Verizon IndyCar Series champion and 2017 points leader is the subject of a feature-length documentary in production. Teammate Tony Kanaan has witnessed up close the staff of crew members for the yet-unnamed film who have shadowed Dixon at races and at home. Kanaan chuckles at the sight of Dixon squirming as the center of attention.
Brian Scott to Drive the No. 3 Daniel Defense Chevrolet for RCR
Brian Scott will return to Richard Childress Racing (RCR) to pilot the No. 3 Daniel Defense Chevrolet for two races in the NASCAR XFINITY Series (NXS) this season. After announcing his NASCAR retirement at the end of 2016 to move home to Idaho with his family, Scott will make a brief return to the sport with his former team to pilot the No. 3 Chevrolet Camaro for the second NXS race at Iowa Speedway on July 29 and the September 23rd race at Kentucky Speedway.
Vettel NOT disqualified from Baku race results (Update)
Vettel escapes with no further penalty
UPDATE Even though the Tribunal Court recommended that Vettel be excluded from the Baku results (see below), the FIA opted NOT to punish Vettel any further for the Baku incident.
Vettel attended the meeting, held at the FIA's Paris headquarters, along with Ferrari team boss Maurizio Arrivabene, and reviewed the incident with a select panel, comprising FIA Deputy President for Sport, Graham Stoker, FIA General Secretary for Sport, Peter Bayer, Formula 1 Race Director Charlie Whiting and Formula 1 Deputy Race Director and FIA Safety Director Laurent Mekies.
Vettel, on his 30th birthday, admitted to "full responsibility" and offered his "sincere apologies", and the FIA chose not to take any further action.
NASCAR Coke Zero 400 TV Rating (Update) UPDATE NBC on Saturday aired its first Monster Energy NASCAR Cup Series race of the season from Daytona, drawing a 3.0 overnight rating for the Coke Zero 400 from 8:15-11:00pm ET. That figure is down from a 3.2 last year. The race in '15, which was NBC's first year with the new media-rights package, drew a 2.6 overnight, but that race had a three-hour rain delay, forcing the telecast to air from 11:15pm-2:30am. TNT in its final year with the race in '14 drew a 2.4 overnight, but that race aired on a Sunday afternoon due to a rainout on Saturday night. TNT in '13 drew a 3.3 overnight for the summer Daytona race. Austin Karp/SBJ
ISC profits decline for Q2, Affirms Full-Year Guidance
Ticket and concession revenue is down, but ISC tracks are raking in huge money from the NASCAR TV contract
ISC today reported Q2 financial results met expectations and reaffirmed its outlook for FY '17. Total revenues for the quarter ending May 31 were $165.3M, compared to $167.6M in Q2 '16.
Operating income was $18.4M, down from $23.7M in the year-ago period. One of the factors in ISC's quarterly numbers was a reduction in depreciation expense at Hollywood Casino at Kansas Speedway. Net income of $13.2M was down from $21.9M in Q2 '16. ISC
Video: Red Bull Racing's Christian Horner Previews The 2017 F1 Austrian GP After Daniel Ricciardo's victory at Baku City Circuit, Red Bull Racing's season is finally coming together. Next up on the F1 calendar is RBR's home race, at the Red Bull Ring in Spielberg, Austria, a race at which Ricciardo's teammate Max Verstappen last year finished on the podium. The team will be hoping for more success this year, as Team Principal Christian Horner explains. Comment
Ferrari Assumes GTD Championship Leads in Watkins Glen
63 Scuderia Corsa Ferrari 488 GT3
For the fifth straight time this season, a Ferrari 488 GT3 has finished on the podium in the IMSA SportsCar Championship. But in the process of finishing second in the Six Hours of the Glen, the no. 63 Scuderia Corsa Ferrari 488 GT3 driven by Alessandro Balzan, Matteo Cressoni and Christina Nielsen also assumed the lead in the GT-Daytona season championship and North American Endurance Cup.
By finishing second in both NAEC segments of the race, Balzan, Cressoni and Nielsen also secured the victory in the North American Endurance Cup for Watkins Glen.
Video: Paffet's hard Crash - DTM Norisring 2017 That was a really shocking moment when Gary Paffett lost completely control of his car and spins over the race track until he crashes into Mike Rockenfeller's Audi. Rockenfeller suffered a fractured metatarsal in his left foot as a result. Comment
#36 Maxime Martin, BMW M4 DTM, #22 Lucas Auer, Mercedes-AMG C 63 DTM, #48 Edoardo Mortara, Mercedes-AMG C 63 DTM
The second DTM race at the Norisring couldn’t be topped in terms of suspense: Maxime Martin drove his BMW M4 DTM to his first win of the season from Lucas Auer with the Mercedes-AMG C 63 DTM. The battle for third place was only decided on the final meters: Edoardo Mortara (Mercedes-AMG) came out on top in a photo finish with a margin of only two thousandths of a second against Mattias Ekstrom (Audi). The latter, in turn, was just 25 thousandths of a second ahead of local hero Marco Wittmann (BMW) at the finish.
Video: NASCAR Coke Zero 400 Post-Race Q&A Race Winner Ricky Stenhouse Jr. (No.17 Fifth Third Bank Ford), Steve Newmark (President of Roush Fenway Racing), Tommy Wheeler (Director of Operations, Roush Fenway Racing) and Crew Chief Brian Pattie (No.17 Fifth Third Bank Ford) and Runner up finisher Clint Bowyer (No. 14 Mobil) and third-place finisher Paul Menard (No. 27 Moen/Menards) Comment
Ford Mustang Wins Thrilling Continental Tire 120 at Watkins Glen WATKINS GLEN, N.Y. – In a race that was at one point red flagged for rain, the two-hour Continental Tire 120 at Watkins Glen International came down to a 12-minute shootout under sunshine and dry track conditions.
Restarting in the third position, Dean Martin moved to second behind Al Carter after race-leader Matt Plumb made a rare mistake in the Inner Loop. With two laps remaining, Martin got alongside Carter exiting Turn 1, and as they worked uphill through the Esses, the two made contact sending Carter into a spin. Martin motored past and went on to win by 5.513 seconds in the No. 59 NANO ProMT Ford Mustang alongside co-driver Jack Roush Jr.
Kyle Busch Loses Yet Another Crew Chief (Update) UPDATE Added video below.
Kyle Busch - the only thing that should be suspended is this photo from NASCAR's official 2017 driver mugs. He looks like a goofball!
DAYTONA BEACH, Fla. -- Kyle Busch has lost another Monster Energy NASCAR Cup Series crew chief.
As expected, interim crew chief Ben Beshore was suspended for one race by NASCAR on Wednesday for a lug nut infraction at Sonoma Raceway. Two lug nuts were not properly secured after the race. Beshore also was fined $20,000.
Joe Gibbs Racing named another team engineer - Jacob Canter - to serve as crew chief this weekend.
Spengler claims first BMW victory at Norisring since 1992
A very wet start
Bruno Spengler is the winner of the DTM race at the Norisring on Saturday. After 61 laps in the seventh race of the DTM season, the Canadian drove his BMW M4 DTM to a dominant win from his fellow BMW driver and team-mate Maxime Martin. For BMW and for Spengler, this achievement almost is a historic one: the brand from Munich hadn’t won a DTM race at the street circuit in Nuremberg for 25 years and Spengler’s last time on the top step of the podium to date was four years ago in the DTM race at Spielberg.
Ecclestone admits he 'couldn't do a better job' than Liberty Media
Bernie Ecclestone acknowledged that Formula One's new owners Liberty Media are currently doing a better job at running the sport than he could be capable of doing.
Upon the ousting of the former F1 supremo at the start of the year, F1 CEO Case Carey set up a triumvirate management structure which includes himself, sporting manager Ross Brawn and commercial manager Sean Bratches.
Liberty Media has since undertaken many dynamic initiatives to instill a sense of engagement with Formula 1's fan base, with efforts centered around social media, entertainment and the digital market.
Chinese plan to dwarf Elon Musk's Gigafactories As Elon Musk races to finish building the world’s biggest battery factory in the Nevada desert, China is poised to leave him in the dust
Chinese companies have plans for additional factories with the capacity to pump out more than 120 gigawatt-hours a year by 2021, according to a report published this week by Bloomberg Intelligence. That’s enough to supply batteries for around 1.5 million Tesla Model S vehicles or 13.7 million Toyota Prius Plug-in Hybrids per year, according to Bloomberg New Energy Finance.
By comparison, when completed in 2018, Tesla Inc.’s massive Gigafactory will crank out up to 35 gigawatt-hours of battery cells annually.
Brantley Gilbert Big Machine is the new sponsor of the Brickyard 400 Indianapolis Motor Speedway announced Friday that music industry label Big Machine Label Group will be the new title sponsor of the Brickyard 400.
The official name of the July 23 NASCAR race at IMS is the Brantley Gilbert Big Machine Brickyard 400.
Marc Marquez (Repsol Honda Team) took back to the top in FP3 at the German GP, as the seven-in-a-row winner at the venue headed key rival Maverick Vinales (Movistar Yamaha MotoGP) by 0.170 seconds. Home rider Jonas Folger (Monster Yamaha Tech 3) was fastest for some time in the session and completed the top three in an impressive performance from the German rookie.
Joining the fastest three in Q2 will be Aleix Espargaro (Aprilia Racing Team Gresini), who has shown great pace all weekend in wet and dry conditions, as well as FP3 improver Cal Crutchlow (LCR Honda), who completes the top five and moves himself safely through after ending Friday further down the timesheets.
Video: Daytona Coke Zero 400 Post Qualifying Q&A Coors Light Pole Award Winner Dale Earnhardt Jr. (No. 88 Nationwide Chevrolet) and Second-Place Qualifier Chase Elliott (No. 24 NAPA Patriotic Chevrolet) Comment
Video: Daytona Coke Zero 400 Earnhardt Jr. and NBC Q&A Dale Earnhardt Jr. (No. 88 Nationwide Chevrolet) and Comcast NBCUniversal Salute to Service, Matt Tifft (No. 19 Comcast NBCUniversal Salute to Service Toyota, NASCAR XFINITY Series), Peter Intermaggio, Comcast Senior Vice President of Marketing Communications and Carol Eggert, Comcast Senior Vice President of Military Affairs Comment
Daytona Xfinity Series Race Postponed Due To Rain Friday night's Coca-Cola Firecracker 250 NASCAR Xfinity Series race at Daytona International Speedway has been postponed until Saturday due to rain. NASCAR hopes to resume the race just after noon on Saturday.
Friday night's race began under threatening skies and widespread showers in the area. By the time drivers took the green flag just after 7:30 pm it had already began misting around the facility. After just 11 laps of racing, the skies finally opened up and NASCAR brought the field to pit road.
After a nearly hour-and-a-half rain delay, NASCAR finally pulled the plug, and rescheduled the race to run prior to the Monster Energy NASCAR Cup Series Coke Zero 400, which is scheduled for 7:30 pm.
Baku City Circuit (BCC) today announced that 71,541 Formula 1 fans - old and new - attended the 2017 FORMULA 1 AZERBAIJAN GRAND PRIX, the second successive street race to be hosted in the Azerbaijani capital.
This figure represents a 30% increase in ticket sales from the inaugural 2016 event in F1’s newest market. Furthermore, international visitor numbers for the race week were up 100% from last year with guests arriving from over 65 different countries to witness what turned out to be one of the most dramatic and memorable races in recent memory. Indeed, international fans accounted for a third of all overall ticket sales.
Video: What Makes a Honda - Kristina's Story Kristina Kennedy, a senior engineer and quality project leader with Honda R&D Americas, Inc. in Ohio, is the latest subject of the What Makes a Honda is Who Makes a Honda video series. Kennedy helps bring the voice of the customer to the product development team to enhance Honda products like the all-new 2018 Odyssey.
Formula One and Williams Martini Racing fans of all ages will get to experience the true story of one of sport’s most iconic teams in Williams, a brand new documentary from BAFTA-winning director Morgan Matthews out this summer. The film is based on the 1991 book by Lady Virginia Williams - A Different Kind of Life.
Sir Frank Williams said: "I hope the fans enjoy the film as much as I’ve enjoyed being part of motor racing. I’m glad that both the people behind the team and my family come out as the true heroes of the story."
NBC Sports rolls into NASCAR coverage with high hopes, speed-first attitude DAYTONA BEACH, Fla. — NBC Sports takes over the second half of the Monster Energy NASCAR Cup Series broadcast schedule this week with high hopes, technical marvels, fresh segments and analysts as eager and excited about the season as the fans they will communicate to.
The on-air play-by-play team of former NASCAR driver Jeff Burton, former crew chief Steve Letarte and announcer Rick Allen met with reporters at Daytona International Speedway Thursday afternoon to talk about the upcoming race schedule.
Fourth fastest overall in the dry was Aleix Espargaro (Aprilia Racing Team Gresini), with the Granollers native also showing pace to place in the top five in the wet. Alvaro Bautista (Pull&Bear Aspar Team) was fifth quickest on combined times for a solid Day 1, with Marc Marquez (Repsol Honda Team) completing the top six.
Johann Zarco (Monster Yamaha Tech 3) was P7 on Day 1 but crashed FP2 in the wet – rider ok – with Jack Miller (EG 0,0 Marc VDS) on solid top ten form in ninth, just ahead of Scott Redding (Octo Pramac Racing) despite a crash in FP1 for the Brit.
Watkins Glen International partners with I LOVE NEW YORK
Watkins Glen International announced today that I LOVE NEW YORK, the iconic tourism arm for New York State, has agreed to partner with the historic facility to present The Glen’s Monster Energy NASCAR Cup Series race on Sunday, August 6th.
“We are excited to welcome the I LOVE NEW YORK brand to the Watkins Glen International family as our partner for the NASCAR race weekend,” WGI President Michael Printup said. “With NASCAR, comes an international audience, and this is going to allow us to help put I LOVE NEW YORK to the forefront of broadcasts in Latin America, Europe, Asia, Africa, and more, in addition to all of the dedicated viewers here in North America. All of us are looking forward to a great race weekend coming up in August.”
Kyle Busch fastest in first Cup practice at Daytona Kyle Busch was fastest in the two NASCAR Cup practice sessions Thursday at Daytona International Speedway. Dale Earnhardt Jr. led practice 2 but the speeds were much lower.
Busch had a top lap of 197.438 mph around the 2.5-mile high banked superspeedway in his Joe Gibbs Racing Toyota as teams begin preparations for Saturday night’s Coke Zero 400 (televised on NBC).
What is to be gained from IndyCar's planned electronic upgrade? Racer reported earlier this week that IndyCar mandated the use of McLaren Applied Technologies' TAG-400i ECU for every manufacturer to use when the 2.2-liter twin-turbo V6 formula was introduced in 2012, and it's believed a new TAG-600 model is among the ECUs under consideration for 2018. In addition to McLaren, Bosch and Cosworth could also be in the running to earn the ECU supply contract.
To complement the planned ECU update, a new steering wheel dash is also being considered, which would require a significant upgrade to the DW12's onboard data acquisition system. If the existing Cosworth dash is retired, a major vendor like those named above would be needed to outfit each car. This would require new steering wheels as the dash is integrated.
The Daytona Beach Police Department received a call regarding a bomb threat against Daytona International Speedway on Thursday just before 3 p.m.
According to a report from the DBPD, “The caller said he had placed multiple bombs on the Speedway property.”
After a thorough search of the property, officers found nothing suspicious, however, the police categorized the incident as “an active, ongoing investigation.” The speedway referred all comment to the police department.
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