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☆ Brawn relives highs and lows of his team's 2009 fairytale
▼ + stars: | 2023-11-14 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

Formula One - F1 - Chinese Grand Prix - Shanghai, China - 6/4/17 - Formula One Managing Director of Motorsports Ross Brawn walks at the Shanghai International Circuit ahead of the Chinese F1 Grand Prix. The story has now been re-told in a four-part series 'Brawn: The Impossible Formula 1 Story' on Disney+, with Hollywood A-lister Keanu Reeves the host and narrator. They had no engine to power the car until Mercedes, with the help of then-McLaren team boss Martin Whitmarsh, came to the rescue. "We had that wonderful period at the beginning (of 2009) when everyone assumed it was a slam dunk, you know? Brawn, a Formula One employee, avoided comment on that situation with the steady hand of a man who has steered his own ship through far choppier waters.

Persons: Motorsports Ross Brawn, Aly, Ross Brawn, Jenson Button, lister Keanu Reeves, Brawn, Mercedes, Martin Whitmarsh, Lewis Hamilton, Michael Andretti, Alan Baldwin, Christian Radnedge Organizations: Prix, Motorsports, Shanghai, Circuit, Brawn, Disney, Hollywood, Ferrari, Honda, Reuters, Mercedes, McLaren, General Motors, FIA, Formula, Thomson Locations: Shanghai, China, Britain, Paris

[1/4] A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Market leader Tesla (TSLA.O) garnered headlines earlier this year saying it would cut rare earths from its next-generation EVs. China dominates the mining and processing of a group of 17 metals known as rare earths, though companies elsewhere are trying to loosen China's grip. 'WAITING IN THE WINGS'The average EV permanent magnet motor uses around 600 grams (1.32 lb) of heavy rare earth neodymium. Tesla's announcement on dropping rare earths "opened up buyers' eyes to the fact that you don't really need rare earths to make EV magnets," Niron CEO Jonathan Rowntree said.

Persons: Steve Marcus, Tesla, Otmar Scharrer, Scharrer, you've, Ben Chiswick, Uwe Deuke, Gerd Roesel, Jonathan Rowntree, Oki, James Edmondson, Edmondson, Mike Grant, Nick Carey, Christina Amann, Paul Lienert, Ernest Scheyder, Gilles Guillaume, Giulio Piovaccari, Ben Klayman, Sharon Singleton Organizations: REUTERS, Auto, LONDON, General Motors, Rover, Nissan, ZF, U.S, BMW, Renault, GM, EV, Warwick Acoustics, Thomson Locations: Pass , California, U.S, China, BERLIN, German, Detroit, Europe, London, Berlin, Houston, Paris, Milan

☆ Will F1 Entertain Expansion?
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWill F1 Entertain Expansion? CNBC's Sara Eisen talks to Liberty Media President & CEO Greg Maffei, MoneyGram Haas Team Principal Guenther Steiner and Mercedes-AMG PETRONAS Team Principal Toto Wolff about their thoughts on expansion in F1. "Inside Track: The Business of Formula 1," premieres Thursday at 8pm ET/PT on CNBC.

Persons: Sara Eisen, Greg Maffei, MoneyGram, Guenther Steiner, Toto Wolff Organizations: Liberty Media, Mercedes, CNBC

☆ Indonesia presidential front-runner Prabowo criticises EU on deforestation
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

Indonesia's defence minister and presidential candidate, Prabowo Subianto greets the supporters after registering himself for next year's presidential election, at the election commission headquarters in Jakarta, Indonesia, October 25, 2023. REUTERS/Willy Kurniawan/File Photo Acquire Licensing RightsJAKARTA, Nov 13 (Reuters) - Indonesia's presidential front-runner Prabowo Subianto on Monday criticised the European Union over its ban on palm oil imports and said Europeans during colonial times were also guilty of deforestation. The EU in April passed a law which would ban imports of commodities linked to forest destruction, including palm oil of which Indonesia is the world's biggest producer. Prabowo, who is leading opinion polls ahead of a presidential election next February, said Indonesia maintains "good" relations with Europe "although we have problems sometimes with the European Union". The EU, Indonesia and neighbouring Malaysia, the world's second-largest palm oil producer, have formed a task force to discuss the law.

Persons: Prabowo Subianto, Willy Kurniawan, Prabowo, Mercedes Benz, Stanley Widianto, Susan Fenton Organizations: REUTERS, Rights, European Union, EU, European, Volkswagen, Centre, Strategic, International Studies, Union, Dutch East, Thomson Locations: Jakarta, Indonesia, Rights JAKARTA, European, Europe, EU, Dutch, Dutch East Indies, Malaysia

[1/2] A Tesla electric vehicle is plugged to a charger in a parking lot in Teia, north of Barcelona, Spain, October 31, 2023. High interest rates and a subdued market are putting customers off, they warned, with Volkswagen's EV order intake half what it was last year. Reuters GraphicsFALLING BEHINDCritics have long warned that a lack of affordable EVs would eventually stall the steep sales growth boosted by early adopters and corporate fleets. A weaker performance in September, consumer sentiment surveys and bleak commentary from carmakers and dealers indicates that low growth era may have arrived. "We call it the valley of death, which we will be going through in 2024 to 2027: low residual values, high supply, and low demand," Nothard added.

Persons: Albert Gea, EVs, Thomas Niedermayer, Flavia Garcia, Tom Carvell, Martina, AutoTrader, Garcia, We'll, Critics, Felipe Munoz, Alistair Bedwell, Langston, Ben DuCharme, Philip Nothard, Nothard, Victoria Waldersee, Nick Carey, Giulio Piovaccari, Paul Lienert, Sumanta Sen, Alexander Smith Organizations: REUTERS, Tesla, Volkswagen, Mercedes, Benz, Reuters Graphics Dealers, Toyota, HK, Reuters Graphics, Ford, GM, United Auto Worker, JATO Dynamics, Langston, Cox Automotive, Thomson Locations: Barcelona, Spain, LONDON, Europe, Germany, Italy, Bavarian, Edinburgh, Scotland, Britain, BYD, Nio, U.S, Rome, Detroit

☆ Mercedes's Toto Wolff previews Formula 1's big bet on Las Vegas with upcoming grand prix
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes's Toto Wolff previews Formula 1's big bet on Las Vegas with upcoming grand prixToto Wolff, Mercedes-AMG Petronas Team Principal and CEO, joins 'Squawk on the Street' to discuss how important the Nevada Grand Prix is for the future of Formula 1, how Wolff quantifies the impact of the race on F1, and how problematic dominance is in the space.

Persons: Mercedes's Toto Wolff, Toto Wolff, Mercedes, Wolff Organizations: Las Vegas, Team Locations: Nevada

☆ This EV battery stock has potential double-digit gains ahead. UBS thinks it could even surge 100%
▼ + stars: | 2023-11-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Nomura has a price target of 315 yuan — for an upside of nearly 67% from Friday's close. Even after trimming their price target on the buy-rated stock, the analysts have a price target of 266 yuan — just over 40% upside from Friday's close. They have a price target of 284 yuan, or 50% upside from Friday's close. More products coming to market The company already has just over a third of the global EV battery market, with more products on the way, according to Counterpoint Research. Li Auto, which reported record deliveries in October that beat out Tesla , is launching its first purely battery-powered vehicle in December — with a new CATL battery called Qilin.

Persons: That's, Nomura, CATL, FactSet, Peter Richardson, Li Auto, Tesla, — CNBC's Michael Bloom Organizations: Amperex Technology, BMW, Tesla, Union, HSBC, Revenue, VW, Mercedes, Benz, EV, Jefferies, Research, Chery, UBS Locations: Shenzhen, Friday's, EU, Thuringia, Hungary, —, Jiangxi

☆ Elon Musk started a price war that Tesla can't win
▼ + stars: | 2023-11-12 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Elon Musk has started an electric-vehicle price war that Tesla can't finish. In April, Ford CEO Jim Farley said Tesla's cuts could start an unsustainable price war. If it slides back into the red because of its price cuts, expect investors to run in another direction. In China, Tesla's price cuts even sparked protests among owners who paid more for their vehicles. Waging price war during a downturn is a challenge unlike any Tesla has faced before.

Persons: Elon Musk, Tesla, Mark Schirmer, crumb, John Zhang, Musk, —, he's, hasn't, — it's, Frederic J . Brown, Ford, John Lawler, Schirmer, I've, it's, Jim Farley, Elon, Oliver Zipse, Zhang, they're, they'd, Zach Kirkhorn, Linette Lopez Organizations: Cox Automotive, —, Revenue, Wharton School, Ford, BMW, Getty, GM, Mercedes, EV, Hyundai Locations: AFP, China

☆ Russell's Brazil retirement no problem for last two races
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Nov 8 (Reuters) - George Russell's engine-related retirement from last Sunday's Sao Paulo Grand Prix will have no knock-on effects for the last two races of the Formula One season, Mercedes said in a team debrief on Wednesday. The Briton was retired at Interlagos as a precaution after rising temperatures in the power unit risked failure and wider damage to the car. Mercedes head of trackside performance Riccardo Musconi said Russell was always scheduled to have a different power unit for Las Vegas and the Abu Dhabi season-ender. "He will be on a different power unit for the final two races so there is no issue from that point of view." Musconi said Hamilton's disqualification from second place in last month's U.S. Grand Prix in Austin for excessive wear of the under-car plank might have contributed to the lack of pace, without being the determining factor.

Persons: George Russell's, Mercedes, Riccardo Musconi, Russell, Abu, ender, Lewis Hamilton, Musconi, Alan Baldwin, Christian Radnedge Organizations: Sao Paulo, Briton, Interlagos, Las Vegas, Red Bull, Ferrari, U.S, Prix, Thomson Locations: Sao Paulo Grand, Las, Interlagos, Austin, London

☆ Verstappen now officially the most dominant in a single season
▼ + stars: | 2023-11-06 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

I mean, it's not something that when I joined Formula One, I need to have a 75% win record over a season you know," he told reporters. He has led 922 laps, another record for a season, and counting. Verstappen has led the championship since the Spanish Grand Prix of May 2022 and is guaranteed to end the season with a record run of 39 races in a row as leader. He has won more times (11) from pole position in a season than any other driver, after last year setting a record for most wins in a season not from pole (nine). Red Bull's 19th win of the campaign equalled Mercedes' 2016 record and broke their rivals' record from that same season of most laps led (1,055).

Persons: Jose Carlos Pace, Amanda Perobelli, Max Verstappen's, Alberto Ascari, Verstappen, Sergio Perez, Sebastian Vettel, Mercedes, McLaren's Lando Norris, Alan Baldwin, Christian Radnedge Organizations: Prix, Jose Carlos Pace Circuit, Grand Prix REUTERS, Sunday's Sao Paulo, Sunday's Sao Paulo Grand Prix, Interlagos, Ferrari, Formula, Bull's, Formula One, Thomson Locations: Sao Paulo, Brazil, Sunday's, Sunday's Sao Paulo Grand, Italian, Las Vegas, Abu Dhabi, Spanish

☆ Verstappen wins Brazilian Grand Prix, Perez distances from Hamilton in fight for runner-up place
▼ + stars: | 2023-11-05 | by ( ) www.cnbc.com time to read: +2 min

Three-time champion Max Verstappen led from the start and won the Brazilian Grand Prix on Sunday. Sergio Perez of Red Bull finished in fourth place, distancing himself from Mercedes' Lewis Hamilton in one of the few competitions left this season — a position for runner-up. Perez started the race at Interlagos in the ninth position and fan-favorite Hamilton in fifth after a frustrating qualifying for the Red Bull driver on Friday. Ferrari's Charles Leclerc, who was going to start second, crashed during the formation lap before the start due to an engine issue. In the 18th lap, the Red Bull driver overtook the Mercedes for fifth place, much to the disappointment of Brazilian fans who support the seven-time champion.

Persons: Max Verstappen, Sergio Perez of Red Bull, Mercedes, Lewis Hamilton, Perez, Fernando Alonso, Aston Martin, Spaniard, McLaren's Lando Norris, Alonso, Hamilton, Ferrari's Charles Leclerc, Kevin Magnussen, Haas, Williams, Alex Albon, Verstappen Organizations: Brazilian, Prix, Red Bull, Alonso, Las Locations: South America, Hamilton, Las Vegas, Abu Dhabi, Interlagos, Sao Paulo

☆ From Travis Kelce to Serena Williams, how 4 top athletes spent their first big paychecks
▼ + stars: | 2023-11-04 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

Travis Kelce before a game against the Los Angeles Chargers on October 22, 2023 in Kansas City, Missouri. Travis Kelce has made more than $70 million throughout his career in the National Football League, but he still remembers how he spent his first paycheck. Kelce says he spent around $10,000 on the limited-edition sneaker, which are replicas of the futuristic shoes Michael J. "I spent way too much money in clubs, and I was avoiding the rent lady," he said. Following a five-year $46 million contract extension in 2016, Kelce signed another four-year extension in 2020, worth just over $57 million.

Persons: Travis Kelce, Marty McFlys, Kelce, Michael J, Fox, I've, Jason Kelce, Shaquille O'Neal, Mercedes Benz, O'Neal, Klay Thompson, Maverick Carter, Thompson, Carter, Serena Williams Organizations: Los Angeles Chargers, National Football League, Nike Air MAG, Nike, Philadelphia Eagles, Forbes, Basketball Association, Washington State University, Del Mar, Target Locations: Kansas City , Missouri, Del, U.S, Bahamas

☆ Sainz leads Ferrari one-two in Sao Paulo GP practice
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Nov 3 (Reuters) - Carlos Sainz was fastest in a Ferrari one-two with Charles Leclerc in Friday's sole practice session for the Sao Paulo Grand Prix, with other top teams keeping a lid on their true potential. Sainz lapped with a best time of one minute 11.732 seconds, with Leclerc -- polesitter for the past two races -- 0.108 slower and both after late runs on the fastest soft tyres on a windy afternoon. Russell had been top of the timesheets until Ferrari bolted on the soft tyres near the end of the hour. Triple world champion Max Verstappen was only 16th fastest, with Red Bull team mate Sergio Perez 18th but both set their times on the hard tyre. Writing by Alan Baldwin in London, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Sainz, Charles Leclerc, Sainz, Leclerc, George Russell, Nico Hulkenberg, Haas, Russell, Ferrari, Max Verstappen, Red Bull, Sergio Perez, Lewis Hamilton, Perez, McLaren, Lando Norris, Oscar Piastri, aborting, Norris, Hulkenberg, Alan Baldwin, Ed Osmond Organizations: SAO PAULO, Sao Paulo, Sao Paulo Grand Prix, One's, Sunday's, Mercedes, softs, Triple, Red, Verstappen, Thomson Locations: Friday's, Sao Paulo Grand, Brazil, London

☆ Ford buys EV charging startup in bid to help rescue its electric dreams
▼ + stars: | 2023-11-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Ford has bought an electric charging startup called AMP, TechCrunch reported. AdvertisementAdvertisementFord is buying an electric charging startup as it tries to reinvigorate its flagging EV push. The auto giant is purchasing Auto Motive Power (AMP), an electric charging startup that makes battery management software, as it seeks to overhaul its charging technology and reduce the cost of its electric vehicles. A Ford representative told TechCrunch that the deal aimed to accelerate its efforts to encourage EV adoption and improve its charging technology. Other car makers have taken a similarly cautious approach to electric vehicles in recent months, with several ditching ambitious targets amid slowing demand.

Persons: —, Ford, it's, Bill Ford, Harald Wilhelm, Elon, carmaker Organizations: Ford, TechCrunch, Service, Auto Motive, The New York Times, Benz, EV, GM, Subaru Locations: California, Kentucky

MOSCOW, Nov 3 (Reuters) - Russia on Friday dismissed new U.S. sanctions over the war in Ukraine, saying that the United States would never defeat Moscow, while the boss of Russia's fastest growing natural gas company quipped the sanctions were a badge of success. The United States on Thursday targeted Russia's future energy capabilities, sanctions evasion and a suicide drone that has been a menace to Ukrainian troops and equipment, among others, in sanctions on hundreds of people and entities. The Arctic-2 LNG project - targeted by the new sanctions - had been expecting to start exporting soon and it is uncertain how much Russian LNG will now be blocked. The largest Russian LNG producer Novatek NVTK.MM said in September it would start shipments from Arctic-2 LNG early next year. Leonid Mikhelson, the head of Russian natural gas producer Novatek(NVTK.MM), told a conference in the Uzbek city of Samarkand that the U.S. sanctions were a badge "of our professionalism".

Persons: Maria Zakharova, Vladimir Putin, Putin, Novatek NVTK.MM, Leonid Mikhelson, Novatek, Guy Faulconbridge, Andrew Osborn Organizations: Monetary Fund, Russian LNG, Thomson Locations: MOSCOW, Russia, Ukraine, United States, Moscow, Russian, U.S, Europe, Uzbek, Samarkand

A worker cleans a BMW i7 xDrive60 elecric car while it is charging at a BMW dealership in Sandton, South Africa, October 27, 2023. "We have no interest in sinking prices to gain market share. In a statement, BMW made no mention of high interest rates or inflation weighing on growth, in contrast to competitors such as Mercedes-Benz (MBGn.DE) and Porsche (P911_p.DE). Fully electric sales hit 15.1% of total sales in the third quarter, outstripping BMW's end-year target of 15%. Models from the upper price segment, like the 7 Series, the updated BMW X7, and the BMW X5 and BMW X6 models, are also driving sales growth.

Persons: Siphiwe, Oliver Zipse, That's, Walter Mertl, Victoria Waldersee, Christina Amann, Elaine Hardcastle, Mark Potter Organizations: BMW, REUTERS, JV, LSEG, Mercedes, Benz, Porsche, BMW X5, Thomson Locations: Sandton, South Africa, BERLIN, China

☆ A year on, Mercedes return to scene of last success
▼ + stars: | 2023-11-01 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Nov 1 (Reuters) - Once-dominant Mercedes return to Brazil this weekend for a last chance to avoid going a whole year without a Formula One victory. Hamilton has been second on track in the last two races, even if disqualified in Texas, with a car that looks increasingly competitive in race trim. The circuit hosted the first Brazilian Grand Prix 50 years ago and Mercedes have won there for the past two years and six times in the last eight. We need to have a great weekend in Brazil and I feel confident in our ability to get results right now." "It's a sprint race.

Persons: Lewis Hamilton, George Russell, Max Verstappen, Russell, Hamilton, Toto Wolff, Mercedes, Verstappen's, Alain Prost's, Sebastien Vettel's, Sergio Perez, Perez, Red Bull, Verstappen, McLaren, Ferrari, We've, Ferrari's Charles Leclerc, Carlos Sainz, Alan Baldwin, Pritha Sarkar Organizations: Sao Paulo, Sao Paulo Grand Prix, Hamilton, Interlagos, Prix, Thomson Locations: Brazil, Sao Paulo Grand, Interlagos, Texas, Mexico, Dutch, Mexican, Hamilton, London

☆ Why dealers say EV sales have slowed
▼ + stars: | 2023-11-01 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

And yet, electric vehicles are piling up at dealership lots. EV and internal combustion engine (ICE) inventory started the year off at about 52 days' supply, according to Cox Automotive. In the case of a 52 days' supply, if automakers were to stop producing cars today, dealers would be able to keep selling cars for about that number of days before running out. Since January, EV days' supply has skyrocketed while ICE supplies have hovered between 52 and 58 days. EV supply at the start of October was 97 days, down from the peak inventory of around 111 days during early July.

Persons: Tesla, you'll, Jeff Aiosa Organizations: Cox Automotive, EV, ICE, Ford, Insiders, Mercedes, Benz Locations: U.S, EVs, New London , Connecticut

☆ The UAW won big against Detroit automakers. Unionizing Tesla and Toyota will be tougher
▼ + stars: | 2023-11-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +11 min

But the UAW’s ambitious plans to organize Tesla and other non-union automakers face steep odds. To grow, the UAW will need to gain a foothold at non-union automakers, which produce more than half of the cars assembled in the United States. Historically, UAW talks with the Detroit automakers have been closely watched by non-union automakers and suppliers. Anti-union companiesThe UAW will have to overcome weak protections for labor organizing in the United States and automakers’ aggressive tactics to defeat unions. It may be easier for UAW to organize Volkswagen and other European automakers like BMW and Mercedes-Benz than automakers from Asia, experts say.

Persons: Tesla, Shawn Fain, ”, Harry Katz, “, Thomas Kochan, Tesla's, Justin Sullivan, Bill Lee, Nikki Haley, Joe Biden, Kochan, ” Kochan, “ There’s, “ Fain, he’s, Harley Shaiken, Jesse Jackson, John J, Kim, Elon Musk, Musk, “ Tesla, ” Shaiken, Biden, Erica Smiley, Smiley, ‘ we’ve, won’t Organizations: New, New York CNN, United Auto Workers, Ford, General Motors, Jeep, Chrysler, Detroit automakers, UAW, American, Toyota, Hyundai, Honda, Volvo, Mercedes, BMW, Nissan, Volkswagen, Cornell University’s School of Industrial and Labor Relations, Labor, Companies, Employers, National Labor Relations Act, MIT Sloan School of Management, Getty, Workers, Benz, Tennessee Gov, Former South Carolina Gov, Environmental Defense Fund, Alabama, M University, Jackson State University, University of California, Berkley, Chicago Tribune, Tribune, Service, Tesla, National Labor Relations Board, Employees, Bloomberg, CNN, Biden Union, Union, Biden, Justice, Detroit Locations: New York, United States, California, Texas, Tesla's Fremont , California, Tennessee, Kentucky, Alabama, Volkswagen’s, Chattanooga, Michigan, Detroit, Chicago, Chattanooga , Tennessee, Asia, Europe, Tesla’s Fremont California, ”

☆ Technical head Elliott leaves Mercedes F1 team
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 31 (Reuters) - Former Formula One world champions Mercedes announced the surprise departure of chief technical officer (CTO) Mike Elliott on Tuesday only months after he took on the role in a job swap with James Allison. Elliott had been appointed technical director in July 2021, with Allison moving to the CTO role, but they switched positions last April after Mercedes made a slow start to the season following a difficult 2022. Red Bull have won the last three drivers' titles with Max Verstappen as well as the 2022 and 2023 constructors' championships. Mercedes said Elliott, who had been with the team for 11 years and through their record eight successive constructors' titles, had chosen to depart after developing a technical strategy for the future. "Mike is a fiercely intelligent technical brain and a great team-player; he has made a strong contribution not just to winning racing cars but also to building the culture of our team.

Persons: Mercedes, Mike Elliott, James Allison, Elliott, Allison, Red Bull, Max Verstappen, Lewis Hamilton, Bull's Sergio Perez, Mike, Toto Wolff, Alan Baldwin, Toby Davis Organizations: Briton, Thomson

☆ Tesla's enduring power is even clearer after the EV competition in Detroit falls flat
▼ + stars: | 2023-10-31 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementThe traditional auto industry has had more than a decade to build viable electric vehicle businesses. Again, maybe the traditional auto companies get a pass. WeWork-level lossesFord's EV business lost $1.3 billion, before interest and taxes, in the third quarter of 2023 – on just $1.8 billion of revenue. Detroit has responded with EV price cuts to try to compete with Tesla. Its auto business had a gross profit margin of more than 16% in Q3.

Persons: Tesla, —, Ford, Elon, haven't, China's BYD, Goldman Sachs, Kelley, Mercedes, Price Organizations: Ford, GM, Service, General Motors, Toyota, Honda, Wall Street, EV, Detroit, Mercedes, Benz, Tesla, LG Energy, Auto Locations: Detroit

☆ Horner says Ricciardo looking like his old self again
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, Oct 29 (Reuters) - Red Bull boss Christian Horner hailed the return of the Daniel Ricciardo of old on Sunday as the Australian raced to AlphaTauri's best result of the season at the Mexico City Grand Prix. "You couldn't fail to be impressed by Daniel this weekend," Horner told Sky Sports television. "I think fighting a Mercedes in an AlphaTauri for their best result of the year was a great performance. Ricciardo had qualified fourth on Saturday at the Autodromo Hermanos Rodriguez and told reporters that performance was no fluke. He could have had it today but it wasn't to be but great to see Daniel looking like his old self."

Persons: Red Bull, Christian Horner, Daniel Ricciardo, Red Bull's Sergio Perez, Daniel, Horner, he's, Daniel we're, Ricciardo, Autodromo Hermanos Rodriguez, Checo, Perez, Kevin Magnussen, Haas, Alan Baldwin, Michael Perry Organizations: MEXICO CITY, Mexico City Grand Prix, Sky Sports, Autodromo Hermanos, Renault, McLaren, Red Bull, Thomson Locations: MEXICO, Mexico, London

☆ Team by team analysis of the Mexico City Grand Prix
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +3 min

Oct 30 (Reuters) - Team by team analysis of Sunday's Mexico City Grand Prix, the 19th race of the 22-round Formula One season (teams listed in championship order):RED BULL (Max Verstappen 1, Sergio Perez retired)Verstappen lined up third and made a great getaway to take the lead into the first corner. Perez tried to pass Ferrari's Leclerc at the first corner, collided and retired from his home race. He has been second to Verstappen in Mexico for three years in a row now. Piastri let Norris past for seventh place on lap 56, getting a thank you from his team mate. Sargeant was retired on the last lap to avoid damaging the car's power unit due to a fuel pump issue.

Persons: Max Verstappen, Sergio Perez, Verstappen, Alain Prost, Perez, Ferrari's Leclerc, Lewis Hamilton, George Russell 6, Hamilton, Russell, Norris, Charles Leclerc, Carlos Sainz, Leclerc, Sainz, Aston Martin's Alonso, MCLAREN, Lando Norris, Oscar Piastri, Piastri, AlphaTauri's Tsunoda, ASTON MARTIN, Lance, Fernando Alonso, Alonso, Esteban Ocon, Pierre Gasly, Ocon, Hulkenberg, WILLIAMS, Alex Albon, Logan Sargeant, Albon, Sargeant, Daniel Ricciardo, Yuki Tsunoda, Ricciardo, ALFA ROMEO, Zhou, Valtteri, Alfa, Bottas, HAAS, Nico Hulkenberg, Kevin Magnussen, Magnussen, Haas, Alan Baldwin, Simon Cameron, Moore Organizations: Grand Prix, FERRARI, Ferrari, Bottas, McLaren, Thomson Locations: Mexico, Texas, London

☆ Verstappen takes record 16th win of the season in Mexico
▼ + stars: | 2023-10-29 | by ( Angelica Medina | ) www.reuters.com time to read: +4 min

Only three drivers have won more races in the history of the sport and Verstappen could have passed Sebastian Vettel, next in his sights on 53, by the end of the season. The win was also his 14th in the last 15 races and a fifth in six editions of the grand prix at the Autodromo Hermanos Rodriguez. Second is a priority for dominant Red Bull who have never yet finished a season with their drivers first and second. The race resumed from a standing re-start, with Verstappen accelerating into the distance and Leclerc second on the hard tyres but seven-times world champion Hamilton right behind on mediums. Verstappen had seized the safety car period as an opportunity for a cheap second pitstop and some fresh hards while Leclerc had pitted just before Magnussen's accident.

Persons: Hamilton, Mercedes Leclerc, Perez, Max Verstappen, Sergio Perez, Ferrari's Charles Leclerc, Alain Prost's, Sebastian Vettel, Autodromo Hermanos Rodriguez, Verstappen, Bull, Mercedes's Lewis Hamilton, Leclerc, Kevin Magnussen, Ferrari, Red, Ferrari's Carlos Sainz, McLaren's Lando Norris, Oscar Piastri, AlphaTauri's Daniel Ricciardo, Mercedes George Russell, Russell, Ricciardo, Alex Albon, Williams, Esteban Ocon, Pierre Gasly, Haas's Nico Hulkenberg, HAAS, Magnussen's Haas, Dane, Aston Martin, Lance, Bottas, Fernando Alonso, AlphaTauri's Yuki Tsunoda, Alan Baldwin, Ken Ferris, Clare Fallon, Lincoln Organizations: Mexico City, Prix, Autodromo Hermanos, Red Bulls, Red Bull, Briton, AlphaTauri, Renault, Hamilton, Alfa, Piastri, Thomson Locations: MEXICO, Mexico, French, Hamilton, London

☆ 2024 Mercedes-Benz E450 All-Terrain Wagon: A Perfect Weekender
▼ + stars: | 2023-10-27 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

CIRCLE THE WAGON The 2024 Mercedes-Benz E450 4Matic All-Terrain wagon, an estate version of the facelifted E-Class sedan, will come to the U.S. market next year, with optional third-row seating. Photo: Mercedes-Benz GroupHAVE YOU EVER WONDERED why European carmakers import certain models to the U.S. and leave others on the docks? It costs a lot of money to validate any automobile for sale. And, depending on a model’s consumption and emissions, there may also be added taxes and penalties. Unless they don’t.

Persons: Mercedes, There’s Organizations: Benz Locations: U.S

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