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Acura Motorsports has released the first official details for the all-new, electrified Acura ARX-06 prototype sports car, which will make its competition debut next January at the Rolex 24 at Daytona in the GTP class*. The public unveiling will take place today Friday 19 August, just hours from now at The Quail in Carmel, California.
The latest in a line of Acura endurance racing prototypes, the ARX-06 features Acura-specific bodywork and aerodynamics based around an all-new widely used ORECA LMDh chassis** with an electrified hybrid power unit – a twin-turbocharged 2.4-liter V6 internal combustion engine designed, developed and manufactured by Honda Performance Development [HPD], the racing arm for Acura Motorsports in North America. Continue reading
Covid Recovery: GM Stock Dividend Returns
General Motors Co. (NYSE: GM) announced today that its Board of Directors has authorized the reinstatement of a quarterly cash dividend on the company’s outstanding common stock at a rate of $0.09 per share. The first dividend will be paid on Sept. 15, 2022, to shareholders of record as of the close of business on Aug. 31, 2022.
GM suspended its quarterly dividend in April of 2020 in response to uncertainty caused by the global coronavirus pandemic. While some uncertainty still exists, AutoInformed thinks that the ongoing successes of the Biden Administration’s public health and employment policies – particularly the passage of the Stop Inflation Recovery Act of 2022 – are reasons for optimism. (AutoInformed: Biden Recovery: Transportation Jobs Equal Pre-Pandemic; Biden Administration Cuts Republican Budget Deficit by 66%; President Biden Targets 50% Electric Vehicle Sales in 2030) Continue reading →