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China: Jiangsu Saleen Automotive Technology Sportscars
To meet projected growth in sales of performance vehicles in China, Saleen announced a business partnership with Jiangsu Saleen Automotive Technology, Co. (JSAT) that will help Saleen expand its footprint into growing global markets with an emphasis on China. Continue reading
TS050 Hybrid Farewell Tour as WEC Changes LMP1 Rules
The eight-race 2019-2020 World Endurance Cup season that kicks off this week with the annual Prologue test in Barcelona, represents the final competitive action for the Toyota TS050 Hybrid, which made its debut in 2016. Barcelona comes as the FIA announces changes to the LMP1 Equivalence of Technology rules. Continue reading
Don Garlits, 87, Misses 200 MPH Quarter. Sets Record Anyway
His two daughters made him “Daddy.” His numerous record rail runs made him “Big Daddy.” Garlits was the first drag racer to officially surpass the 170, 180, 200, 240, 250, and 270 miles per hour marks in the quarter mile. Continue reading
Josef Newgarden Wins IndyCar Iowa 300
The victory allowed Newgarden to extend his IndyCar series points lead to 29 over Andretti Autosport’s Alexander Rossi, who finished sixth in a Honda. Newgarden lapped Rossi on Lap 185, although Rossi battled enough to make it racing for a few laps. Continue reading
SEC Charges Engine Manufacturing Company Execs with Fraud
According to the complaint, filed in federal court in Chicago, Gary Winemaster, Power Solutions International Inc.’s former CEO, and two former senior sales executives, Craig Davis and James Needham, caused Power Solutions to fraudulently record revenue for purported sales of products that were not complete, that the customer had not agreed to accept, for which the price was falsely inflated, and from improper “bill and hold” arrangements. Continue reading
Don Garlits, 87, in Swamp Rat 38 Electric Rail Tries for 200 MPH Quarter Tomorrow at Palm Beach International Raceway
Largely known by the smoky burnout set as the most innovative racer in drag racing history with his series of Swamp Rat dragsters, the Florida native has earned 17 World Championship titles and is the owner of 144 national-event wins. His record-breaking Swamp Rat 30 is in the Smithsonian Museum of American History. Continue reading
2020 Chevrolet Corvette Stingray Revealed
The Stingray’s gasoline engine is Chevy’s next-generation 6.2L Small Block V8 LT2 engine, producing up to 495 horsepower (369 kW) and 470 lb-ft (637 Nm) of torque — the most horsepower and torque for any entry Corvette. There will be more powertrain offerings going forward as global standards to fight CO2 tighten. Continue reading
Chinese BYD, Toyota Agree to Develop Battery Electric Vehicles
The Chinese continue to move ahead in their attempt to dominate the world economy. In the latest move from BYD, which is headquartered in the world’s largest auto market, BYD has entered an agreement with Toyota to jointly develop battery electric vehicles (BEVs). Continue reading
KARPUT! Volkswagen Golf Alltrack, Sportwagen Die in 2019
Over the past several years, demand has shifted from wagons to SUVs. Through the first half of 2019, SUVs account for 47% of the industry sales, and more than 50% of Volkswagen sales. Thanks to sales of the Atlas and Tiguan, Volkswagen has had the highest year-over-year percentage growth among mainstream automotive brands in the first six months of 2019. Continue reading
Penske Automotive Increases Dividend to $0.40 Per Share
“We are pleased to offer our shareholders an increase in the quarterly dividend for the 33rd consecutive quarter. Our sector leading dividend represents a yield of 3.6% and reinforces our commitment to PAG shareholders,” said Penske Automotive Group President Robert H. Kurnick, Jr.” Continue reading
JAXA, Toyota Start Research for Manned Pressurized Rover
In what was largely a rerun of a release from 12 March 2019, when the two parties announced their agreement to consider collaboration, the organizations formally agreed to carry on. The prototype rover will be a modified version of a standard production vehicle. (JAXA and Toyota Agree on Future Mobility – A Lunar Rover) Continue reading
Mercedes-AMG Petronas Motorsport take a 1-2 at Silverstone
“I remember my first win here in 2008 and the feeling that I had coming out of Brooklands and going down the straight and seeing the crowd, it felt so reminiscent of that today – the excitement and happiness and joy that I felt were exactly the same as back then,” said Hamilton. “I’ve done so many races now, and you would think that after so many races you’d get used to it and the feeling would numb down, but it felt like it was the first win I ever had.” Continue reading
Connected Car Shakeout – Bosch Sells Packaging Business
This is the latest development in the restructuring of traditional automotive suppliers to concentrate on connected and autonomous vehicles. Bosch announced a year ago that it was looking for a buyer for its packaging technology business. The company is giving increasing attention to mobility and connectivity over the internet of things. It is focusing its existing resources on areas of future importance, such as shaping the transformation process and preparing for further digitization. Continue reading
Mid-Engine Chevrolet Corvette Debut to be Livestreamed
The livestream opens at 7:30 p.m. PDT/10:30 p.m. EDT on 18 July. Continue reading
BMW X5 and X3 Hybrids to Start Production in Spartanburg
During 2015 – 2018, Spartanburg produced the X5 xDrive40e, the first plug-in hybrid production car from the BMW brand. All totaled, the plant’s battery assembly team assembled more than 45,000 batteries during this four-year period. Continue reading →