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GM to pull plug on Korean factory, move jobs to USA
Trump wants American companies to bring jobs back to America
There has been a string of bad news coming out of GM Korea. Last year, rumors were flying that GM could pull the plug on Korean operations and in February the automaker announced a restructuring plan which would see the closure of its Gunsan plant by the end of May. At the time, GM said the Gunsan plant has only been running at around 20 percent capacity over the past three years and this made “continued operations unsustainable.”
IndyCar looks to copy NASCAR's 'throw-back' race events
Andretti smokes Foyt at Mosport in 1967
On IndyCar.com Brant James writes, The mile oval under Rattlesnake Hill has changed names, race dates and less obvious ways since the forbearers of the Verizon IndyCar Series first began rolling through the gates to race Indy cars in 1964. And as Phoenix’s unyielding suburban creep approaches, the storied venue known now as ISM Raceway is a unique stage on which the series can unite a past worth celebrating and a future that’s looking brighter by the day.
All those years of racing the Taurus in NASCAR sent sales plummeting apparently
General Motors and Ford Motor Co. plan to discontinue four slow-selling car models, including the former NASCAR Ford Taurus sedan, the Wall Street Journal reported, citing people familiar with the matter.
GM will stop production of the subcompact Chevrolet Sonic by as early as this year, and is planning to discontinue the Chevrolet Impala in the next few years, the Journal said. It also reported that Ford will stop making the Fiesta small car for the U.S. market by as early as next year, and discontinue the Taurus, once the top-selling car in America.
Chevy rumors abound at dealer convention Chevrolet’s Find New Roads Experience recently kicked off in Las Vegas and the company reportedly used the dealer convention to tease the highly-anticipated Corvette C8.
According to a post on Corvette Forum by Nate Chandler, Chevrolet showed two photos of the upcoming model and described it as a “super car.” The pictures didn’t reveal much but Chandler said it “definitely looked mid-engined” and had a front bumper that resembled the Corvette ZR1.
Many IndyCar ride-buyers are from overseas. They know IndyCar exists because ESPN International has made sure IndyCar is broadcast in over 140 countries. Up and coming drivers have seen IndyCar on TV for years.
With the New NBC IndyCar TV deal ESPN International is gone and, except for the USA and Canada, it's lights out globally for IndyCar.
Current and prospective IMSA DPi manufacturers have voiced support for hybrid technology in the next-wave of prototype regulations, although stressing that it must be a semi-or fully spec system in order to prevent a “pandora’s box” of development that has severely impacted LMP1.
Manufacturers met with officials from the FIA, ACO and IMSA at Sebring last month for the latest LMP1/DPi technical working group, as discussions continue towards a potential common global prototype platform for 2021/22.
2019 Le Mans 24 Hours to utilize Bugatti Circuit only
In a statement released by the ACO today, the 2019 Le Mans 24 Hours will be limited to just the Bugatti layout after a deal was struck with circuit designer Hermann Tilke to build a brand new state-of-the-art permanent circuit for future races held at La Sarthe.
ACO President Pierre Fillon said: “We have so many F1 drivers in the race now, it makes sense to build a circuit similar to what they are used to. It’s going to feature no passing and be a 24-hour parade.”
In a shot sure to be heard around the world, Ferrari and Mercedes have decided to leave F1 and join IndyCar.
Behind the move is IndyCar's decision to sign a TV deal with NBC and NBCSN. Apparently Ferrari and Mercedes were very upset that 100 million people were seeing their cars on TV during races and they prefer NBCSN where only 0.5 million will see their cars race each event.
Kurt Busch to renew with SHR for '18 and '19 (9th Update)
UPDATE Kurt Busch's contract with Stewart-Haas Racing expires at the end of the 2018 season. And the team said Wednesday it "fully expects" Busch to return in 2019. The team issued the statement - a statement issued just six races into the 36-race season - to the Sports Business Journal on Wednesday evening.
12/13/17 This rumor is upgraded to 'fact' today. Kurt Busch has re-signed with Stewart-Haas Racing for 2018, putting him back in the No. 41 Ford for the 2018 Cup season.
Are Tesla quality and production issues due to robots? (Update)
Tesla prides itself in putting Americans out of a job with its expensive Kuba robots, and now it is biting them in the posterior
UPDATE This rumor from last November is upgraded to 'fact' today. In a rare win for humans over robots in the battle for labor efficiency, Wall Street analysts have laid down a compelling argument that over-automation is to blame for problems at the billionaire Elon Musk's electric-car company.
That is to say, the very innovation and competitive advantage that Musk says he's bringing to the car industry – his nearly fully automated plant in Fremont, California – is the reason Tesla is unable to scale quickly.
According to the Bernstein analysts Max Warburton and Toni Sacconaghi, it's the robots that can't pump out Tesla's highly anticipated Model 3s fast enough.
Arjun Maini. Like Ferrucci, his check is not large enough to allow him to do track cleaning laps on Friday mornings, but it does allow them to sip tea in the team's hospitality each race weekend
UPDATE This rumor is upgraded to 'fact' with both ride-buyers now confirmed.
Arjun Maini will continue as a Haas F1 Team development driver in 2018 while simultaneously competing in his first full season in the FIA Formula 2 Championship with Team Trident.
Maini, a 20-year-old from Bengaluru, India, is paired with 19-year-old American Santino Ferrucci. Both are Haas F1 Team development drivers and both compete for Team Trident. Each will be embedded with Haas F1 Team at every opportunity, attending races and tests throughout the year.
“I’m extremely proud to be a part of Haas F1 Team,” Maini said. “Being involved with an F1 program has really accelerated my learning in terms of what I need to do on the racetrack and with my engineers. In fact, it’s already helped me transition from GP3 to F2. I’m one step closer to my goal of competing in Formula One thanks to Haas F1 Team’s support.”
Unless Elon Musk “pulls a rabbit out of his hat,” Tesla will be bankrupt within four months, says John Thompson of Vilas Capital Management.
“Companies eventually have to make a profit, and I don’t ever see that happening here,” he told MarketWatch. “This is one of the worst income statements I’ve ever seen and between the story and the financials, the financials will win out in this case.”
It’s not something a Lincoln aficionado, or even anyone with a general appreciation for history, wants to hear, but sources with knowledge of Ford Motor Company’s product plans claim the Lincoln Continental is headed for the grave.
Speaking to Ford Authority, the sources claim Lincoln’s full-size flagship sedan won’t see a second generation, with parent company Ford choosing to pull the plug and discontinue the slow-selling model instead.
ABC dumps IndyCar (7th Update) UPDATE This rumor is going around Twitter, but the tweet has been removed: JimCoxWGXA: Statement from @ABC: “Please be advised 2018 will be the final year of IndyCar Series races broadcast on ABC, including the Indianapolis 500. We have enjoyed our long association with IndyCar and thank you for all of your support of these races over the years.”
Per @AndyHallESPN - ABC/ESPN is not commenting on the validity/non-validity of this tweet. Must have been an internal memo inside ABC that has been leaked, but rest assured Jim Cox would not have tweeted a false rumor.
Johnson's car failed inspection 3 times in Las Vegas and again in Fontana. NASCAR inspectors will nitpick the Chevys to ensure they remain at the back of the grid.
UPDATE As we told you, the fix is in for Ford this year and Chevy teams will win nothing. NASCAR inspections will not cut any Chevy teams any slack. 13 Cup teams did not make a qualifying attempt for the Auto Club 400 after they failed to pass inspection Friday - almost all Chevys.
Those teams include all four Hendrick Motorsports cars (Jimmie Johnson, William Byron, Chase Elliott and Alex Bowman), Denny Hamlin, Clint Bowyer, Aric Almirola, Kasey Kahne, Daniel Suarez, Timmy Hill, Cole Whitt, Ross Chastain and AJ Allmendinger.
Can you see a Ferrari red all-Italian IndyCar team? Would be a drop in the bucket for Ferrari given their F1 budget
UPDATE In this Italian Newspaper article Marchionne says - At that time, speaking of the United States and the hypothesis of one day running the Indianapolis 500, his answer was: "Why not? We have the tradition to do it and we are thinking about it".
An all-Italian IndyCar
All the IndyCar chassis' are built by Gian Paolo Dallara's Italian factory, of which Marchionne in Geneva said: "I consider him a great, the best Italian engineer". For the engine, Ferrari would have no difficulty building it on its own, being a traditional 2.2-liter V6 turbo, much simpler and cheaper than the hybrid power units used today in F1.
Lowe's has sponsored Johnson since his Cup Series debut in 2001
UPDATE This rumor is upgraded to 'fact' today. Seven-time Monster Energy NASCAR Cup Series Champion Jimmie Johnson will be shopping for a new primary sponsor this season after Hendrick Motorsports announced today that Lowe's Improvement Warehouse will be parting with the organization at the end of the 2018 season.
Lowe's, one of the few remaining full-package sponsors left in NASCAR, has been Johnson's primary sponsor since his Cup Series debut back in October of 2001 – right in the heyday of NASCAR's popularity where full-time sponsors were the norm rather than the exception like they are today.
Porsche to develop 2-door coupe based on the Mission E
Porsche followed up its hit Mission E electric sedan concept from last year with a 'sport' wagon version at last week’s Geneva Motor Show. While only the sedan is confirmed for production next year, it could lead to more variants including a coupe and convertible.
Porsche’s head of electric vehicle development, Stefan Weckbach, discussed the possibility of a two-door electric sports car based on the Mission E platform in a roundtable interview this week. The options on the table are a coupe, convertible and possibly rear-wheel drive models, according to Car And Driver.
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