Report: ALMS race to join Indy Car in Baltimore

Baltimore

The inaugural Baltimore IndyCar race set for Labor Day weekend next year has a new friend: the American Le Mans Series. ALMS will host a race the day before the IndyCars race, with trials being run the same day as IndyCar qualifying. Nothing else has been revealed at the moment, with the folks in charge, Baltimore Racing Development, having scheduled a press conference for September 2 to officially announce the double bill.

This will mark the first time in nine years that ALMS visits the D.C. area, and if ALMS communications director Bob Dickinson gets his way, it could be first opportunity for U.S. racing fans to watch the Peugeot 908 diesel-hybrid running the series in anger. Hat tip to hoov23

[Source: Baltimore Sun]

Report: ALMS race to join Indy Car in Baltimore

      



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    AutoblogGreen for 08.30.10

    0a4df abg logo grab for ab AutoblogGreen for 08.30.10

    0a4df 16 i miev 1280 thumbnail AutoblogGreen for 08.30.10 Mitsubishi admits to serious (likely) depreciation of i-MiEV
    In other news, Mitsubishi shoots itself in foot.
    0a4df screen shot 2010 08 30 at 3.42.08 am AutoblogGreen for 08.30.10 Study: Average male drives extra 276 miles/year because he won’t stop for directions
    Are we there yet?
    0a4df screen shot 2010 08 30 at 3.44.52 am AutoblogGreen for 08.30.10 Libertarian Reason Foundation proposes U.S. highway fund changes
    They just what you’d expect.
    Other news:

    AutoblogGreen for 08.30.10

          



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      Callaway Silverado: Reeves Callaway gives us more details

      Callaway's building a Silverado

      Reeves Callaway makes the point that his company’s Silverado program is extremely new by saying, “Anything I may have said in this conversation may not be true, ’cause I don’t know what I’m talking about yet.” Modest and super-nice, he’s emphasizing that our recent phone chat covering the details of Callaway Cars’ move into the realm of pickup trucks is about a project that’s still in its early stages of execution.

      “We’ve got an outline of what we would like to do, now the task is do it, test it,” Callaway says. Having made its name building highly-modified Corvettes since the 1980s, Callaway Cars’ diverse endeavors have stretched from turbocharger kits for BMWs and Alfa Romeos to building and supporting the Corvette Z06.Rs that race in the FIA GT3 European Championship Series, so a pickup truck shouldn’t be all that shocking.

      “We’ve got all of the infrastructure in place to service the Corvette and Camaro,” Callaway explains, “we figured it’s logical to do a pickup truck too, if for no other reason than the powertrain is already done. We have loads of experience with that.” While the tuning is obviously different between the V8s in the Corvette and the Silverado, they use essentially the same engine.

      Callaway explains the development program has two main objectives. First, “make the power, which we looked at as the easier of the two.” Second, and perhaps more challenging, Callaway wants to do “something that nobody really has ever done, in my experience with a pickup truck, and that is [to] make it handle like a Corvette.” This is where you roll your eyes and say, “how are they gonna pull that off.” Follow the jump and keep reading to find out.

      Continue reading Callaway Silverado: Reeves Callaway gives us more details

      Callaway Silverado: Reeves Callaway gives us more details

          



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        2010 Belgian Grand Prix packs in the action [SPOILERS]

        2010 Belgian Grand Prix

        2010 Belgian Grand Prix – Click above for high-res image gallery

        After the nearly month-long break that followed the Hungarian Grand Prix, F1 fans around the world have patiently awaited the return to business as usual on the grand prix circuit. And by business as usual, we mean nail-biting, wheel-to-wheel action and bitter rivalries. With that much pent-up anticipation, it would take some spectacle to make up for the hiatus. Fortunately, this weekend’s Belgian Grand Prix – held at the legendary Spa Francorchamps circuit – provided exactly that. Follow the jump to read how it went down.

        Gallery: 2010 Belgian Grand Prix

        b3174 gyi0061429204 thumbnail 2010 Belgian Grand Prix packs in the action [SPOILERS]b3174 belgiumf1gpautoracing.a0e3686680964b668a6cfc792c2f3695 thumbnail 2010 Belgian Grand Prix packs in the action [SPOILERS]b3174 par3419951 thumbnail 2010 Belgian Grand Prix packs in the action [SPOILERS]af229 belgiumf1gpautoracing.9efcde7ff4b64bb79c419285a10373e8 thumbnail 2010 Belgian Grand Prix packs in the action [SPOILERS]af229 par3419999 thumbnail 2010 Belgian Grand Prix packs in the action [SPOILERS]

        Continue reading 2010 Belgian Grand Prix packs in the action [SPOILERS]

        2010 Belgian Grand Prix packs in the action [SPOILERS]

            



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          Ivan ‘Ironman’ Stewart drives into retirement with big sell-off

          1972 Funco SS1

          Ivan “Ironman” Stewart has retired, and the legendary off-road racer didn’t play around when it came to getting out of the game. This weekend, 650 items from his 37-year racing career are being auctioned off, including the entire Pro Truck business he’s been running for the last ten years.

          Items up for bid range from pieces of racing history like the restored Funco SS1 buggy (above) that ran the 1976 Baja 1000, to racing miscellany like antique fire sprinklers and five antique folding seats. Not bad if you want to sprinkle your souvenir room with a little bit of Stewart’s dust.

          [Source: Autoweek]

          Ivan ‘Ironman’ Stewart drives into retirement with big sell-off

                



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            Renault Latitude debuts in Moscow

            Renault Latitude

            2011 Renault Latitude – Click above for high-res image gallery

            Renault does well in Russia, and the market is important enough to the French automaker that it’s unveiled its latest car in Moscow. The Renault Latitude is described as a “business class” sedan, which translates to a crisply-styled, generously-sized car carrying luxury and tech features. The Latitude will spread into other markets this fall, and the European version will debut at the Paris Motor Show, carrying powertrains and some altered styling details from the Russian-spec versions that just bowed.

            Powering the Latitude are a 2.0-liter, 139-horsepower four-cylinder backed by a CVT, or a 2.5-liter, 177-horse version of Nissan’s VQ V6 mated to a six-speed automatic. Drivers are attended to by massaging seats, and niceties like three-zone climate control, sound systems by Arkamys and Bose, and a Carminat TomTom navigation system are some of the equipment details. Chassis bits are borrowed from both Renault and Nissan cars; the front reportedly comes from the Renault Laguna and the rear multi-link setup is from the Nissan side of the family.

            Buyers can start lining up to buy the Latitude at the end of September in Morocco and Algeria, and the car will be rolled out in Russa, Ukraine and Africa shortly thereafter. The Latitude is definitely coming to continental Europe, and a decision on whether to offer the Latitude in the United Kingdom will be forthcoming. Want to know more? The press release is posted after the jump.

            Gallery: 2011 Renault Latitude

            8c10a latitudestudio thumbnail Renault Latitude debuts in Moscow8c10a latitudefront1 thumbnail Renault Latitude debuts in Moscow8c10a latituderear2 thumbnail Renault Latitude debuts in Moscow8c10a latituderear1 thumbnail Renault Latitude debuts in Moscow8c10a latitudefrontstudio thumbnail Renault Latitude debuts in Moscow

            [Source: Renault]

            Continue reading Renault Latitude debuts in Moscow

            Renault Latitude debuts in Moscow

                  



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              IndyCar: 2010 Peak Antifreeze and Motor Oil Indy 300 [SPOILERS]

              2010 Peak Antifreeze and Motor Oil Indy 300
              2010 Peak Antifreeze and Motor Oil Indy 300 from Chicagoland Speedway – Click above for high-res image gallery

              It might seem that the 2010 IndyCar championship is a foregone conclusion. After all, Team Penske’s Will Power has a sizable lead in the standings and there are just four races left to run. Ah, but those four are all on ovals, and Will has never claimed the top step of the podium at an oval track. Plus, right behind Power in the race for the overall IZOD IndyCar Championship are Dario Franchitti and Scott Dixon – two drivers who have considerably better luck than Power when everybody only has to turn left.

              In fact, Dixon leads Franchitti in the new-for-2010 A.J. Foyt Oval Champion standings. Furthermore, Dixon basically owns this week’s venue – Chicagoland Speedway in Joliet, Illinois – despite never actually winning there. That might seem like a contradiction, but Scott has been the bridesmaid on five separate occasions at Chicagoland.

              IndyCar’s return to the ovals also means bigger fields, with 29 drivers lined up to run for the checkers on Saturday night. Among those 29 were a record five female drivers – Ana Beatriz, Milka Duno, Sarah Fisher, Danica Patrick and Simona de Silvestro. Would Dixon finally take the win in Chicago? Would Dario claim victory and close the gap on Power? Would one of the ladies break through and be the first across the stripe? Follow the jump to see how the 2010 Peak Antifreeze and Motor Oil Indy 300 from Chicagoland Speedway played out.

              Gallery: 2010 Peak Antifreeze and Motor Oil Indy 300 from Chicagoland Speedway

              1674f indycarchicagoland2010   01 1283055577 thumbnail IndyCar: 2010 Peak Antifreeze and Motor Oil Indy 300 [SPOILERS]1674f indycarchicagoland2010   02 thumbnail IndyCar: 2010 Peak Antifreeze and Motor Oil Indy 300 [SPOILERS]1674f indycarchicagoland2010   03 thumbnail IndyCar: 2010 Peak Antifreeze and Motor Oil Indy 300 [SPOILERS]1674f indycarchicagoland2010   04 thumbnail IndyCar: 2010 Peak Antifreeze and Motor Oil Indy 300 [SPOILERS]1674f indycarchicagoland2010   05 thumbnail IndyCar: 2010 Peak Antifreeze and Motor Oil Indy 300 [SPOILERS]

              [Images: Jonathan Ferrey, Streeter Lecka/Getty Images Skip Stewart, Nam Y. Huh, Warren Wimmer/AP]

              Continue reading IndyCar: 2010 Peak Antifreeze and Motor Oil Indy 300 [SPOILERS]

              IndyCar: 2010 Peak Antifreeze and Motor Oil Indy 300 [SPOILERS]

                  



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                Some say he’s Ben sacked! BBC reportedly fires The Stig

                Frank and The Stig

                We saw this one coming; the BBC has apparently sacked The Stig. Britain’s Daily Mirror tabloid reports that the Stig, a.k.a. Ben Collins, has been let go by the BBC and that a new Stig has replaced him on Top Gear. In fact, the Mirror says it already have pics of the new Stig at a Nürburgring track event, wearing the signature white coveralls and smoked visor helmet. How does the paper know it’s not Collins in the photos? Simple: it had another photographer at Ben’s house – 1,100 miles away – watching Collins play with his children at the same time.

                The firing of the Stig comes a week after a battle erupted over Collins’ autobiography, slated for release in September. Details about the Stig’s true identity have been trickling out for some time, including the recent discovery that Collins Auto-Sort, a company owned and operated by Ben Collins, claimed income from “driving services for the BBC, mainly in the Top Gear programme.”

                Of course, this could still just be speculation, and Top Gear may have hired another driver just for that one track event. If Collins has indeed been canned and Top Gear follows form, a segment will be filmed showing the demise of the white Stig and the appearance of his replacement. At least that’s what they did when the original black-clad Stig, Perry McCarthy, left the show. Wonder what colors the new Stig will fly…

                [Source: The Daily Mirror]

                Some say he’s Ben sacked! BBC reportedly fires The Stig

                    



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                  Yes, this is real: Carlashes

                  9fe88 whoa lash Yes, this is real: Carlashes
                  Click above to watch the video after the jump

                  Pixar’s Cars proved what most of us have known since we were little kids: the front end of a car looks a lot like a face. A company named Car Lashes hopes to cash in on the whole “car as face” theme by offering big, curly headlamp eyelashes that would make Betty Boop jealous. Seriously. This aftermarket glamification is apparently available for $24.95, but that’s not all! If ridiculous eyelashes aren’t enough, you can add “Crystal Eyeliner” for an additional $19.95. That stuff appears to be made of clear rhinestone-style bling that attaches directly to the paint. We’re astonished and horrified.

                  Car Lashes’ e-commerce site has apparently endured some intermittent downtime due to elevated traffic levels, likely from a combination of genuinely (and inexplicably) interested window shoppers and people like us, who simply had to see it to believe it. You won’t find us placing an order – ever – but you can hit the jump to view a pair of videos showcasing the brilliance of Car Lashes.

                  [Source: Car Lashes]

                  Continue reading Yes, this is real: Carlashes

                  Yes, this is real: Carlashes

                        



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                    Musical chairs continues with execs at VW/Porsche

                    15165 wolpert 250 Musical chairs continues with execs at VW/PorscheVolkswagen continues its executive shell game. The company has announced that Klaus-Gerhard Wolpert will take the reigns as its new chief product strategist. If you follow the comings and goings of auto execs, Wolpert’s name likely sounds familiar. He’s the hardy soul who brought the most successful model in Porsche’s history to life: the Cayenne. Wolpert will slide into the void left by Matthais Mueller, who takes over as the new CEO of Porsche.

                    Stay with us, now – this where things get tricky.

                    Michael Macht, Porsche’s former CEO, will step into Jochem Heizmann’s old role as VW production boss. Heizmann, meanwhile, will stay on the company’s board as the head honcho over its truck division.

                    This sort of interbreeding between Volkswagen and Porsche was bound to accelerate once the two seriously joined forces. VW is well on its way toward taking over vehicle manufacturing operations at the sports car company, and in the future, we’re likely to see the two share platforms and even engines.

                    [Source: Automotive News - sub. req.]

                    Musical chairs continues with execs at VW/Porsche

                        



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                      Report: Top Gear game headed to iPad, mobile phones

                      Top Gear

                      For a show from another country that only produces 14 episodes a year, Top Gear is everywhere. And it’s going to be even more everywhere soon, thanks to a licensed video game reportedly being developed for PC, console, mobile and tablet platforms. There’s no word on exactly how the developers plan to game-ify the Top Gear television experience, but we guess we’ll find out soon enough – it’s due by the end of the year.

                      [Source: Know Your Mobile]

                      Report: Top Gear game headed to iPad, mobile phones

                            



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                        Spy Shots: 2011 Ram 1500 Hybrid uncloaked

                        2011 Ram 1500 Hybrid
                        2011 Ram 1500 Hybrid captured by Rich Truesdell of Automotive Traveler

                        While recently shooting some cloaked Chrysler and Hyundai prototypes, Automotive Traveler’s Rich Truesdell came across several completely undisguised Ram 1500 pickups the other day. As Rich tells it:

                        Upon closer examination, I figured out why: They are near-production-ready versions of the rumored 2-Mode Hybrid version. Judging by the complete lack of cloaking, I’d assume they are undergoing final validation, possibly to establish their published tow ratings. Don’t be surprised if the Ram is an early-introduction 2012 model to reach showrooms in the spring.

                        We’ve talked about these hybrid pickups before, and if a schedule posted at Allpar is to be believed, Chrysler will kick off production of this new Ram 1500 Hybrid on November 16, so they may be badged as MY2011 Ram 1500 Hemi Hybrids and not MY2012 as Rich supposes. Either way, the hybrid Ram is expected to employ the same 5.7-liter Hemi V8, two-mode hybrid powertrain that was used in the short-lived Dodge Durango/Chrysler Aspen hybrids in 2008, backed by a transmission supplied to Chrysler by General Motors. Expected mileage ratings should be similar to GM’s hybrid trucks, with a city number of about 21 to 22 mpg.

                        Check out Automotive Traveler for more photos of the 2011 Ram 1500 Hemi Hybrid.

                        [Source: Automotive Traveler]

                        Spy Shots: 2011 Ram 1500 Hybrid uncloaked

                            



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                          Report: Mahindra says it has terminated U.S. dealer agreement

                          Mahindra Pik-Up

                          Mahindra Pik-Up – Click above for high-res image gallery

                          Mahindra’s four-year saga with Global Vehicles is taking so many turns, it should get a telenovela on Univision. When we recently posted that the Pik-Up finally received EPA certification, GV and its dealer network were excited and ready to go. However, commenters on that post noted a message on Mahindra’s site indicating that the company’s relationship with GV was kaput.

                          Mahindra hasn’t said a word since, but Global Vehicles and the dealers have let folks know that they aren’t impressed and that they have no idea what Mahindra thinks it’s doing. Global Vehicles’ official response was, “such attempted termination is invalid under applicable laws of the United States and the State of Georgia, something which Mahindra continues to disregard.” And a dealer who’s got a showroom ready to sell Pik-Ups in December said, “If they’re still coming in December of this year like they’ve said they are, they’re coming through my dealership, and that’s all there is to it.”

                          GV has taken the unusual step of initiating arbitration in the United Kingdom, in the belief that legal action here could further delay the anticipated retail sale date. We’ll wait to hear what Mahindra has to say on the matter, and we’re sure that the folks waiting to buy a TR20 or TR40 Pik-Up hope Mahinda talks soon — and with some good news this time.

                          Gallery: Mahindra Pik-Up

                          5c146 mahindra pickup large 21 thumbnail Report: Mahindra says it has terminated U.S. dealer agreement5c146 mahindra pickup large 11 thumbnail Report: Mahindra says it has terminated U.S. dealer agreement5c146 mahindra pickup large 22 thumbnail Report: Mahindra says it has terminated U.S. dealer agreement5c146 mahindra pickup large 12 thumbnail Report: Mahindra says it has terminated U.S. dealer agreement5c146 mahindra pickup large 13 thumbnail Report: Mahindra says it has terminated U.S. dealer agreement

                          [Source: Automotive News - sub req'd, via Motor Trend]

                          Report: Mahindra says it has terminated U.S. dealer agreement

                              



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                            Catfight! IIHS criticizes NHTSA for losing focus on driver safety

                            Crashed CarsThe insurance industry-funded Insurance Institute for Highway Safety is calling out its governmental counterpart, the National Highway Traffic Safety Administration for distracting drivers from genuine safety concerns.

                            Consumer Reports cites a release penned by IIHS president Adrian Lund as saying that unintended acceleration and distracted driving have drawn focus away from other threats, thanks largely to the efforts of NHTSA and the national media. Instead of focusing on runaway sedans and texting teens, Lund says that we should really be worried about speeding drivers and running red lights. IIHS says that last year, those two factors alone were responsible for 13,500 deaths and millions of injuries.

                            Compare that against the 6,000 deaths associated with distracted driving, and the IIHS point becomes clearer. So, why are the feds so concerned with an issue that’s (statistically, at least) half as dangerous as speeding and running red lights? Lund says it’s because the general public isn’t exactly warm to the idea of more legislation to curtail speed.

                            What do you think? Is the IIHS position more valid than NHTSA’s? Is it the other way around? Follow the jump for an informal poll on the matter.

                            [Source: Consumer Reports Image: Mr. Wabu via CC 2.0]

                            Continue reading Catfight! IIHS criticizes NHTSA for losing focus on driver safety

                            Catfight! IIHS criticizes NHTSA for losing focus on driver safety

                                



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                              Video: BMW releases second 1 Series M Coupe teaser

                              BMW 1 Series M Coupe

                              BMW 1 Series M Coupe – Click above to view the video after the jump

                              The achingly slow striptease of the BMW 1 Series M Coupe continues with a 47-second-long spot of the camo-clad coupe bearing just enough sheetmetal to keep us interested.

                              The multi-spoke wheels, drilled discs and quad-exhausts are the only elements not left to the imagination, but the extra vinyl aft of the front wheels is sure to hiding a set of M-style fender vents while a ducktail spoiler is fitted out back.

                              As for mechanicals, the smart money is still on an upgraded twin-turbocharged inline-six (N54), channeling over 335 horsepower through a manual gearbox and down to the rear wheels via a torque-vectoring M differential.

                              We’re hearing rumblings that the Coupe could be unveiled at next week’s Oktoberfest BMWCCA event in Wisconsin, but in the meantime, check out the latest teaser after the jump and scope the first vid in our previous post. Thanks to everyone for the tips!

                              Continue reading Video: BMW releases second 1 Series M Coupe teaser

                              Video: BMW releases second 1 Series M Coupe teaser

                                  



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                                Heico Sportiv adds aggression to new Volvo S60 [w/video]

                                0d5f2 heicosportives60 Heico Sportiv adds aggression to new Volvo S60 [w/video]

                                Heico Sportiv reworks the 2011 Volvo S60 – Click above for high-res image gallery

                                We got a glimpse of it not long ago in renderings, now Heico Sportiv has taken its retuned 2011 Volvo S60 to the track and brought us some souvenirs of the day. Changes are restrained yet aggressive outside, with added front lip components and a rear diffuser that wraps around four tailpipes, in addition to a set of attractive gunmetal Volution wheels.

                                Under the hood is where the real oomph resides, with power outputs hitting the 297 horsepower and 258 pound-feet in the 2.0T, and 330 hp and 339 lb-ft. in the T6. In the T6 model, that will get you from naught to 62 miles per hour in 5.8 seconds. Follow the jump for all the details and to see it in motion, and have a look at the gallery of high-res photos below.

                                Gallery: Heico Sportiv 2011 Volvo S60

                                0d5f2 01heicosportives60 thumbnail Heico Sportiv adds aggression to new Volvo S60 [w/video]0d5f2 02heicosportives60 thumbnail Heico Sportiv adds aggression to new Volvo S60 [w/video]0d5f2 03heicosportives60 thumbnail Heico Sportiv adds aggression to new Volvo S60 [w/video]0d5f2 04heicosportives60 thumbnail Heico Sportiv adds aggression to new Volvo S60 [w/video]0d5f2 05heicosportives60 thumbnail Heico Sportiv adds aggression to new Volvo S60 [w/video]

                                [Source: Heico Sportiv]

                                Continue reading Heico Sportiv adds aggression to new Volvo S60 [w/video]

                                Heico Sportiv adds aggression to new Volvo S60 [w/video]

                                    



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                                  Daily U-Turn: What you missed on 8.27.10

                                  bf857 u turn banner Daily U Turn: What you missed on 8.27.10

                                  bf857 lead1toyotasiennaxlereview2011 thumbnail Daily U Turn: What you missed on 8.27.10

                                  Review: 2011 Toyota Sienna Limited

                                  There’s no better test of a minivan’s mettle than a summer vacation with the family.

                                  bf857 stigncuz2 opt thumbnail Daily U Turn: What you missed on 8.27.10

                                  Top Gear producer on Stig book: “He’s ours”

                                  Who is the Stig? That question is one of Google’s top queries, proving the world wants to know the identity of Top Gear’s masked racing driver. But… ask yourself again: Do you really want to know who the Stig is?

                                  bf857 lexus lfa engine 630 thumbnail Daily U Turn: What you missed on 8.27.10

                                  Rumormill: Lotus Esprit to use LFA V10, V8 in lesser spec

                                  We’ve heard it before and now it’s rearing its high-revving head again.

                                  Also of interest:

                                  Browse our archive of Daily U-Turn posts or subscribe to the RSS feed

                                  Daily U-Turn: What you missed on 8.27.10

                                      



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                                    Lotus Evora GT4 and Cup cars take to the ‘Ring and Laguna

                                    cd134 01 evora 630 Lotus Evora GT4 and Cup cars take to the Ring and Laguna

                                    Lotus Evora Cup Car GT4 – Click above for high-res image gallery

                                    Lotus has set about proving that the Evora is more than just a pretty face, just recently putting its Evora Cup GT4 and 2-Eleven GT4 racers through their paces at the infamous Nürburgring and most recently at Laguna Seca. Both cars were hooned ’round the Green Hell by none other than Olie Hancock, the Lotus rookie test driver. The company didn’t release any lap times for either car, but we’re guessing the two are plenty quick. Lotus has entered the Evora Cup GT4 in the European GT4 Championship, where it will campaign against the best and brightest of the sports car world.

                                    In order to get the car fit for battle, the company trimmed a total of 441 pounds from the car’s curb weight, landing the track-going Evora at just 2,623 pounds. Throw in a 360 horsepower V6 and you’ve got yourself a recipe for tarmac glory.

                                    Meanwhile, a total of four 2-Eleven GT4 racers will be entered into the same championship, two of which will be campaigned by NFS Racing Dubai. The other two will be flying under the Scuderia Giudici banner – the team that currently leads the GT4 Super Sports category.

                                    Hit the jump for the full press release.

                                    Gallery: Lotus Evora Cup GT4 Race Car

                                    cd134 01 evora thumbnail Lotus Evora GT4 and Cup cars take to the Ring and Lagunacd134 02 evora thumbnail Lotus Evora GT4 and Cup cars take to the Ring and Laguna

                                    [Source: Lotus]

                                    Continue reading Lotus Evora GT4 and Cup cars take to the ‘Ring and Laguna

                                    Lotus Evora GT4 and Cup cars take to the ‘Ring and Laguna

                                        



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                                      Ben Spies moves to Yamaha MotoGP Factory Team

                                      Ben Spies in front of Indy Motor Speedway Hall of Fame

                                      Shocking, we know. What’s been called the second-worst kept secret in MotoGP has officially been confirmed. MotoGP rookie and current World Superbike champion Ben Spies (shown at right, with Yamaha’s Lin Jarvis) will be saddling up with the factory Yamaha crew starting next year. Rumors to that effect have been buzzing around the inteweb for some time and were recently fueled by Valentino Rossi’s departure from the Fiat-Yamaha stable in favor of the Ducati Corse team.

                                      Spies has been an absolute terror on two wheels in MotoGP while riding with the Tech 3 Yamaha team. The Texan is currently 7th in the overall standings thanks to a slew of top 5 finishes, and even managed to podium at Silverstone. Not too shabby for the guy’s first year out. There’s some indication that he’ll be riding alongside Jorge Lorenzo, though Yamaha hasn’t solidified anything with the Spaniard just yet.

                                      Those who follow the MotoGP world will have likely noticed the conspicuous lack of a certain prefix from this post. Interestingly enough, ‘Fiat’ was nowhere to be found in the Spies announcement. Odds are we’ll be hearing something about that from the former Fiat-Yamaha team sometime soon. Hit the jump for the full press blast.

                                      [Source: Asphalt and Rubber]

                                      Continue reading Ben Spies moves to Yamaha MotoGP Factory Team

                                      Ben Spies moves to Yamaha MotoGP Factory Team

                                          



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                                        Report: Spyker posts loss, expects to lose more

                                        Saab factory sign

                                        An accounting rule, among other things, is ostensibly to blame for Spyker posting a loss and having to declare negative shareholder equity with more liabilities than assets. According to Automotive News, the new owner of Saab had counted General Motor’s $326 million in redeemable preference shares in the company as equity, not a liability. So with the company having just got its factory going in October and only having sold 10,500 cars in the first six months of this year, the hard numbers are a loss of €139.1 million ($177.2M U.S.) on €243.1 million in sales ($309.8M U.S.).

                                        The good news is that sales for the same period last year, before Saab’s plunge into full out cardiac arrest, were €4.1 million ($5.2M USD). The Swedish maker also has €280 million in cash (around $357M) and another €266 million ($339M) untapped from its European Investment Bank loan. Spyker has been saying for a while that profitability would come in 2012 and that it has enough cash and credit to get it there without needing to raise more money.

                                        Its sales projections of 45,000 to 50,000 cars this year, however, might be on some downward pressure. Company CEO Jan Ake Jonsson said that they’re still looking to achieve that low number. Next year’s forecast and the company’s break-even point is understood to remain at 80,000 cars, with 120,000 as the long-term annual sales target.

                                        [Source: Automotive News - sub req'd Image: Olivier Morin/AFP/Getty]

                                        Report: Spyker posts loss, expects to lose more

                                              



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