Ford Motor Company (NYSE: F) today said it is making leadership changes to support the development of electric vehicles, strengthen its internal combustion product line, and alter the company’s global supply chain management.* The announcement comes after Ford warned the capital markets earlier this week that because of parts shortages, as well as higher payments made to suppliers to account for the effects of inflation that Q3 supply costs will be ~$1.0 billion above plan. Ford predicts a Q3 adjusted EBIT of between $1.4 billion and $1.7 billion. (AutoInformed: Ford Motor Q3 Earnings to Take $1B Cost Hit)
It’s the latest example of the intricate routes automakers are negotiating in the transition to electric vehicles that is accelerating in the face of the dire effects of global warming, some of it caused by the transportation industries’ ongoing use of fossil fuels and what was in effect denial of the negative consequences of the exclusive use of fossil fuels. Ford’s challenge is to profitably maintain a line of both EVs from Ford Model e and so-called Ford Blue internal combustion vehicles that at some point – perhaps near at hand – are doomed. ** Continue reading
IMSA Motul Petit Le Mans – Five Classes Up For Grabs
GTD class promises some tough and tight bumping and racing.
Titles in all five classes of the IMSA WeatherTech SportsCar Championship are on the finish line at the 2022 close – the 25th Motul Petit Le Mans at Michelin Raceway Road Atlanta on 1 October.* The five classes are Daytona Prototype international (DPi), Le Mans Prototype 2 (LMP2), Le Mans Prototype 3 (LMP3), Grand Touring Daytona Pro (GTD PRO), Grand Touring Daytona (GTD).
Right now a total of 48 cars are on the pre-event entry list, the most for the 10-hour race in eight years.** Live coverage will be available through a combination of NBC network, USA Network and Peacock, as well as IMSA Radio. Continue reading →