Auto Research

Mercedes not happy with new F1 agreement, not ready to sign

SILVERSTONE, England – Formula One champion manufacturer Mercedes is not ready to sign F1’s new ‘Concorde Agreement’ because it hurts them most, team boss Toto Wolff said on Friday as the sport’s owners vowed to press on anyway.

The commercial agreement, setting out the terms under which teams race and the share of revenues, expires at the end of this year with the new one running until 2026.

Ferrari and McLaren have indicated they are ready to sign, but Wolff told reporters at the 70th Anniversary Grand Prix that Mercedes — the team of six-times world champion Lewis Hamilton — had issues to resolve.

“We are happy with a more equitable split of the prize fund, the way success is rewarded and possible for everybody, we agreed to,” he said.

“We are, I would say, the biggest victim in

Uber rides are down, Uber Eats deliveries surge during coronavirus

Homebound customers of Uber Technologies more than doubled their orders from the company’s food-delivery service in the second quarter but demand for ride-hailing trips only marginally recovered from pandemic rock-bottom.

The company said that despite those larger challenges it is sticking to its goal of being profitable on an adjusted basis before the end of 2021 thanks to stringent cost-cutting measures and a strong balance sheet. Uber recorded an adjusted loss in earnings before interest, taxes, depreciation and amortization of $837 million in the second quarter.

Shares were down 2.9% at $33.72 in after-hours trading.

Ride-hailing trips, in the past responsible for nearly two-thirds of Uber’s revenue, increased 5 percentage points from their low in April, but gross bookings remained down 75% from last year.

Uber’s chief executive officer, Dara Khosrowshahi, told analysts on a conference call on Thursday that

Racing Point docked 15 points and fined $470k over illegal brake ducts

SILVERSTONE, England — Racing Point was deducted 15 points in the Formula One constructors’ championship and fined 400,000 euros ($470,000) Friday for using brake ducts based on those from last year’s Mercedes cars.

The stewards ruled that Mercedes was the “principal designer” of the parts, and that Racing Point made only minor changes to computer design data it received from Mercedes.

Rival team Renault filed protests about the legality of the brake ducts, which were added to the “listed parts” under F1 rules for 2020. That means teams must design their own. Racing Point argued it was merely using information about the Mercedes parts to inform its own design.

Brake ducts have become increasingly elaborate in recent years as teams try to squeeze out every aerodynamic advantage they can find from the cars.

Racing Point uses customer engines from

Heavy smoke, jammed exit: NTSB describes Earnhardt Jr. family’s plane crash escape

Dale Earnhardt Jr. and a pilot struggled to open a crashed airplane’s wing emergency exit as the aircraft began to burn and fill with smoke before the race car driver and his family managed to escape from the main door, according to new details about the 2019 accident released by the National Transportation Safety Board.

Documents released Thursday by the NTSB provide pilot, passenger and witness statements about the Aug. 15, 2019 plane crash at an airport in Elizabethton, Tennessee.

Earnhardt was with wife Amy, 15-month-old daughter Isla, two pilots and the family dog when their Cessna Citation Latitude crashed. The NTSB said three passengers suffered minor injuries.

Earnhardt retired from full-time racing following the 2017 season and is now working as a NASCAR analyst for NBC Sports, though he has raced since the plane crash.

Earnhardt was with

Indy 500 scraps plan for spectators as COVID-19 surges in Indiana

The Indianapolis 500 will not have any spectators in attendance after the Indianapolis Motor Speedway (IMS) reversed direction on Tuesday, having originally planned for close to 100,000 fans at the race which has been rescheduled for later this month.

With the COVID-19 pandemic raging in several regions of the United States and having already claimed over 150,000 lives, IMS said it was an abundance of caution that prompted it to abandon efforts to have fans at the Aug. 23 event.

Indiana is one of the regions seeing a rise in COVID-19 cases, with IMS noting in a statement that in Marion County, where the organization is located, the number of cases has tripled and the positivity rate has doubled.

“As dedicated as we were to running the race this year with 25 percent attendance at our large outdoor facility, even

Woodward Dream Show promises the Dream Cruise experience, only virtual

[Update: Pontiac Motorsports Exposition (PME) announced Monday that the Woodward Dream Show event has been called off for 2020 and issued the following statement:

“This was a difficult decision but based on the ever-changing business environment and health concerns in Michigan and across the country, we have decided to postpone the inaugural Woodward Dream Show to 2021,” said PME CEO, Tim Hartge. “Our mission at PME is to create and execute premium, in-person automotive events for enthusiasts and car owners, and that was going to be difficult to do this year, so we have decided to focus on creating an even better event for 2021.”

The original article follows in full.] 

While the official 2020 Woodward Dream Cruise events have been called off due to the ongoing coronavirus health crisis, one organization has an alternative for would-be attendees: the 2020