Tag Archives: reportedly

Here’s What We Think About MotoGP’s Merger With F1

Last week, information broke that Formula One proprietor Liberty Media was reportedly deep into acquisition talks to carry MotoGP rights-holder Dorna into the fold. Now, only a few days later, Liberty Media has introduced that it has acquired an 86% stake for $4.5 billion, giving controlling curiosity within the sequence.

According to Liberty Media’s Greg Maffei, the group’s President and CEO, “We are thrilled to expand our portfolio of leading live sports and entertainment assets with the acquisition of MotoGP. MotoGP is a global league with a loyal, enthusiastic fan base, captivating racing and a highly cash flow generative financial profile.”

He added, “Carmelo and his management team have built a great sporting spectacle that we can expand to a wider global audience. The business has significant upside, and we intend to grow the sport for MotoGP fans, teams, commercial partners and our shareholders.”

MotoGP’s present administration will retain 14%. 

Although MotoGP is each the highest degree of worldwide motorbike racing and undoubtedly the shiniest gem in Dorna’s crown, it is also value noting that the deal will see Liberty Media take management of all of these different motorbike racing sequence, too, together with; MotoGP, World Superbike (WSBK), FIM Enel MotoE World Championship, FINetwork FIM JuniorGP, Idemitsu Asia Talent Cup, R&G British Talent Cup, Northern Talent Cup, FIM MiniGP World Series, and the Red Bull MotoGP Rookies Cup. 

So let’s get into who Liberty Media is and what this may maintain for the way forward for motorbike racing all over the world. 

Who Or What Is Liberty Media?

For these unfamiliar, Liberty Media owns quite a lot of different media, communications, and leisure pursuits moreover Formula One. A fast session of its present asset checklist, which is correct as of January 31, 2024, consists of the next holdings:

Holding How Much Does LM Own?
Formula One 100%
F1 Arcade (full-motion racing simulators) 21 p.c
LV Diamond Property LLC (owns the roughly 40 acres in Las Vegas the place the F1 Las Vegas GP paddock sits) 100%
Meyer Shank Racing (American racing group presently competing within the NTT IndyCar sequence and the WeatherTech SportsAutomotive Championship) 30 p.c
QuintEvents, LLC (sports activities and leisure ticket and hospitality package deal supplier) 100%
Associated Partners, L.P. (investments) 33 p.c
Drone Racing League, Inc 3 p.c
Green Energy Investments numerous
Griffin Gaming Fund (gaming-focused VC fund) 3 p.c
Inrix, Inc (transportation analytics software program agency) 4 p.c
Kroenke Arena Company, LLC (owns Denver, Colorado’s Ball Arena and likewise “includes a 7 percent profits interest based on the value of the Denver Nuggets and Colorado Avalanche professional sports teams.”) 7 p.c
Liberty Technology Venture Capital, LLC (funding fund centered on Israeli know-how firms) 80 p.c
Live Nation Entertainment Inc. (self-reported because the “largest live entertainment company in the world, consisting of three segments: concerts, sponsorship, and advertising and ticketing.”) 30 p.c
Overtime Sports, Inc (sports activities media firm) 5 p.c
Tastemade, Inc (meals, journey, and way of life digital media firm) 6 p.c
SiriusXM Holdings Inc (satellite tv for pc radio firm offering subscription providers) 83 p.c

Liberty Global is presently chaired by billionaire John Malone, who as not too long ago as November 2023 spoke to the Hollywood Reporter in regards to the rising risk of huge tech firms accruing media pursuits (assume Amazon buying the rights to Thursday Night Football, for instance). 

Malone went on to opine that Warner Bros. Discovery CEO David Zaslav was doing “a great job”, and THR famous at the moment that Malone can also be a shareholder in Warner Bros. Discovery.

As you could recall, Warner Bros. Discovery merged with HBO Max again in 2022, ultimately occurring to type the Max streaming service which additionally recently obtained exclusive live streaming rights for the MotoGP world championship in the US in 2024. It’s how I watch MotoGP, and it is how numerous different US-based followers will probably be having fun with the present season, as properly.

What About The European Commission’s Strong Antitrust Tendencies?

Both F1 and MotoGP have been right here earlier than. Back in 2006, personal fairness agency CVC Capital Partners briefly owned each top-level motorsport sequence. However, EU competitors regulators at the moment took a dim view of the matter and compelled the agency to promote MotoGP. Later, CVC could be the agency to promote F1 on to Liberty Media within the first place in 2017, in a deal value $8 billion on the time (which might be over $10 billion in 2024 cash).

That was 2006, although. This is 2024, and it is not clear how the scenario, regulators, or different environmental elements may need modified between then and now. Although it is not sports-related, we will say that it is clear EU regulators aren’t afraid to go after mega firms that it believes do not adjust to its present antitrust guidelines.

For additional proof, simply take a look at the continuing European Commission investigations into Apple, Meta, and Google.

Taking All Currently Known Factors Into Consideration, What Does RideApart Think?

Get a bunch of like-minded followers collectively in a single place, regardless of the circumstance, and they are going to have ideas starting from issues like “imagine a world where MotoGP is a support series for F1; doubleheaders, even” (Jonathon Klein) to “no one would be able to afford tickets” (Janaki Jitchotvisut) and “I think the fans would hate it” (Robbie Bacon). 

Executive Editor Jonathon Klein additionally had these ideas, “I’m conflicted. I’m a big Formula 1 fan and the way that Liberty Media, in conjunction with Netflix, has reinvigorated the sport has been nothing short of wild to witness. If the company can do that with MotoGP, I’m here for it. But at the same time, I’ve essentially been priced out of seeing most races as Liberty Media has imposed higher and higher ticket prices.”

He added, “I’m also concerned that the level of grift and corruption we’ve seen in recent years within Formula 1 in relation to championship winners and losers, where the sport goes to race, among other aspects within the paddock could spread to MotoGP. The influx of cash to a sport can go either way, but the current leadership of Liberty Media doesn’t seem to care, rather embraces, the grift that was always present in F1. I’d hate to see that come to MotoGP in the same way it came to F1. But I’d like to be optimistic and see greater things for a sport I love and more people to enjoy it.”

Now that the deal is completed, how do you count on it to have an effect on you as a racing fan of any of the sequence concerned? Let us know within the feedback!

Mercedes-Benz Might Finally Bring the V-Class Name To America

When Mercedes-Benz brings its next-generation van to America, it’ll reportedly put on the V-Class identify. Unnamed Mercedes officers confirmed to WardsAuto that the mannequin would drop the EQV nomenclature when it goes on sale in 2026.

Mercedes detailed its van plans in May 2023, saying the VAN.EA structure that’ll underpin new mid-size luxurious vans within the US and elsewhere. According to this newest report, Mercedes will supply the van with single- and dual-motor setups in rear- and all-wheel drive configurations and two battery capacities.

Mercedes declined to touch upon WardAuto’s report when reached by Motor1, telling us it can’t focus on future product plans.

Reports: Nissan in talks over £316m Fisker lifeline

Nissan is reportedly in talks to speculate $400 million (£316m) in ailing electric car start-up Fisker.

Fisker yesterday introduced it has paused improvement of its inexpensive compact EV, the Pear, having made a loss of $463.6 million (£366m) in the course of the fourth quarter of 2023.

CEO and founder Henrik Fisker added that the corporate was looking for a collaboration with one other automobile agency to generate money or scale back prices.

He stated: “Fisker is in negotiations with a large auto maker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms and North America manufacturing.”

Bloomberg and Reuters have now reported that the producer in query is Nissan, citing nameless sources accustomed to the matter.

Reuters added that the talks concern a $400 million (£316m) money injection from Nissan, in trade for entry to the platform underpinning the Fisker Alaska pick-up. Nissan would additionally produce the Alaska at certainly one of its US-based factories, alongside its personal mannequin constructed on the identical structure.

Fisker Alaska – side

Fisker Chief monetary officer Geeta Gupta-Fisker stated on Thursday’s earnings name that continued improvement of the Alaska trusted a profitable tie-up with an unnamed automobile agency.

Henrik beforehand stated that the “large auto maker” the corporate was in talks with was not contract producer Foxconn, with which Fisker has beforehand negotiated about manufacturing vehicles in North America collectively.

The negotiation successfully ended Fisker’s relationship with Foxconn, stated Henrik Fisker.

The firm is presently focusing its remaining money reserves on ramping up manufacturing of the Ocean SUV, which is being constructed by contract producer Magna Steyr in Austria, in addition to rolling out additional software program updates for the automobile, he added.

Which Automakers Support The IONNA Charging Network (And Can I Plug My Tesla In?)

IONNA reportedly has plans to arrange not less than 5,000 charging places throughout 20 nations by the tip of 2025. Now, the title Tesla is lacking from the equation, or not less than from the press materials, however the model and its EV are essentially part of the announcement owing to the inherent charging tech. So, the place does this depart Tesla vehicles? “IONNA’s charging network will be accessible to all electric vehicles with NACS or CCS connectors,” says the consortium. Thanks to NACS compatibility, Tesla vehicles will be capable of theoretically entry the IONNA community, despite the fact that Tesla would not seem like financially taking part within the undertaking.

As far because the title goes, pundits are speculating that IONNA is a tackle Ionity charger community in Europe, with IONNA probably being an abbreviation for “Ion North America,” or quick for Ion NA. Naming conundrum apart, it seems that IONNA is not centered solely on constructing an expansive community. Instead, the consortium can also be promising amenities like “restrooms, food service, and retail operations nearby or within the same complex, digital integration and appealing locations,” based on the press announcement. If that sounds acquainted, effectively, it is as a result of IONNA is chasing the identical formulation as Mercedes-Benz. The Mercedes-Benz Charging Hub additionally touts niceties like restrooms, merchandising machines, sitting areas, climate cover, proximity to Buc-ee’s places, and naturally, a brilliant quick charging expertise.

Anti-Noise Crusaders In Paris Want A Partial Motorcycle Ban

The metropolis council of Paris, France is reportedly contemplating a partial motorbike and scooter ban inside the town limits in February 2024. What’s the issue? According to proponents, it is the noise.

Combustion-powered bikes and scooters are the goal for that very motive. According to the present proposal championed by Parisian elected official Pierre-Yves Bournazel, electrical bikes, scooters, and mopeds of all sizes and styles wouldn’t be affected by the proposed ban.

What Would The Proposed Paris Moto Ban Cover?

France Noise Regulations 2024

Noise test, 1-2, 1-2.

Under the phrases as proposed, bikes and scooters with combustion engines can be banned from working in Paris between the hours of 10 p.m. and seven a.m. each night time. To be clear, as of February 8, 2024, the proposed ban has not been made regulation or enacted in any approach. It’s nonetheless underneath dialogue on the time of writing.

If the plan presently into consideration is enacted, the ban would truly be an experimental interval, lasting for a complete of 1 12 months to look at the consequences. In help of his measure, Bournazel cited a statistic of roughly 80 p.c of Parisians complaining about noise every day, however it’s unclear if that is an exaggeration. 

How Would This Potentially Affect Riders?

Pink Mobility Presents The Pop Plus Retro Electric Scooter In France

A pair of Pink Mobility Pop Plus electrical scooters, rolling collectively.

In addition to the proposed Parisian in a single day motorbike ban, Bournazel additionally desires to equip extra sound radars all through the town to help enforcement efforts.

Since many individuals journey bikes and scooters as a way of transportation (and never only for enjoyable), Bournazel additionally proposes doubling present monetary help applications to encourage combustion bike riders to strive different, quieter types of transport. Bicycles of all sorts, electrical scooters, and electrical bikes are all acceptable choices to proponents of this plan.

What About The Bread Bakers?

Katalis Spacebar - Right Side Bread Basket View

Katalis Spacebar outfitted with Bread Basket

Speaking as each a rider and a former skilled bread baker, this is a factor that you could be or could not find out about that individual career. Much of the recent bread that folks like to eat requires yeast to rise. Although there are methods to enhance its setting in order that it rises extra shortly, elevating any yeast bread takes time. Therefore, bread bakers have to begin work extraordinarily early to be able to get all that scrumptious bread prepared for individuals to purchase within the morning.

France, as I’m certain you do not want me to let you know, is a spot that’s completely mad for good bread. In order to have good bread prepared for the hungry public, you want to begin mixing, kneading, and proofing your dough a complete lot sooner than 7 a.m.

Just as one instance, the well-known Parisian bakery chain Maison Landemaine has a complete lot of areas that open for enterprise at 7 a.m. They proudly promote some bread varieties that require lengthy fermentation, which (you guessed it) implies that bakers are within the kitchen extraordinarily early to do their very scrumptious jobs.

Of course, they don’t seem to be the one ones. A proposal like this targets not solely the bread bakers who journey, however anybody who works overnights for any motive.

We do not need to make broad generalizations right here, however some professions (together with bread baking) that function primarily through the in a single day hours do not all the time pay very nicely. At least, not nicely sufficient to all of the sudden drop the whole lot and go purchase a complete new technique of transport as a result of your trusty bike simply obtained banned through the hours when you want to use it probably the most.

What Does The French Federation Of Angry Bikers Have To Say About The Matter?

French motorcyclists protest lane splitting ban Feb 2021

French motorcyclists protest a proposed lane-splitting ban in 2021.

The French Federation of Angry Bikers (or Fédération Française des Motards en Colère in precise French) is a bunch that repeatedly takes motion when it feels that biker rights in France are underneath menace. In 2022, it organized a campaign against motorcycle technical control inspections. Back in 2021, France took motion to ban lane splitting, so the biker association hit the streets to protest.

Like all different massive teams, members of the FFMC are many and diversified, and have a complete bunch of opinions. They’re not a monolith. We can let you know that one division, the French Federation of Angry Bikers of Loire Atlantique, made one very attention-grabbing connection that it desires Parisians to think about.

According to them, one in every of leaders of Ras le Scoot, a bunch that campaigns towards motorbikes basically, works for an e-bike and cargo bike firm as his day job (as is clearly proven on the person’s LinkedIn profile). The implication is that of course he’ll need extra individuals to really feel compelled to purchase e-bikes or cargo bikes, even when that is indirectly what he is saying.

Cities Are Noisy

Proposed Chicago Noise Cameras Pilot Program Map 2024

A map of Chicago areas the place a proposed noise digicam pilot program was raised in 2023.

At the time of writing, RideApart just isn’t primarily based in Paris. However, most of us have lived in cities. One factor they’ve in widespread is that they are loud. Full cease. I bear in mind particularly dwelling in a single condominium as a baby the place my bed room window was proper subsequent to a CTA bus cease. There was additionally a preferred bar throughout the road, so that you’d have loads of noise late into the night time that did not come from any sort of auto.

So, the query appears to be this, as it’s in so many circumstances: When you progress to a brand new place, do you anticipate it to vary your life in a significant approach? Or do you anticipate the place to magically adapt to fit your wants?

It’s one factor if it is contained in the partitions of your own home, the place you’ll be able to change what you want inside motive. But it is utterly one other if you happen to transfer to a brand new place and also you simply anticipate everybody else within the neighborhood to tiptoe round you since you’ve deigned to grace the realm together with your presence. On behalf of people that work (and journey to their jobs) in a single day, make it make sense.

Lotus Will Replace The Emira With An Electric Sports Car In 2027

Lotus has one other electrical sports activities automotive on the best way. Assigned the inner code Type 135, it will reportedly be a fraction of the value of the roughly $1.5 million Evija. The British efficiency model plans to unveil the brand new mannequin in 2025 and worth it at roughly the equal of $95,345 (75,000 kilos) when gross sales start in 2027, in line with Autocar.

“We need the bullseye of the brand, which has to be that two-seat sports car,” Lotus Group Chief Commercial Officer Mike Johnstone instructed Autocar. “Otherwise, we’re just a brand with a Lotus badge. The sports car is an essential part of our future.”

The Type 135 will substitute the Elise and the Emira within the Lotus lineup. It’ll be a two-seater and can journey on the LEVA (Lightweight Electric Vehicle Architecture) initially for Lotus and Alpine’s now-defunct model collaboration (teaser picture above), in line with Autocar. The chassis construction is reportedly 37 p.c lighter than the Emira’s, although last weight will probably be larger because of the heavy battery pack.

One- and two-motor powertrains shall be out there, reportedly making 469 horsepower and 872 hp, respectively. The platform can accommodate rear- and all-wheel drive layouts, with Lotus telling Autocar it does not wish to shut off the potential of including a torque-vectoring AWD setup just like the system discovered on the Evija. 

While these figures are undoubtedly potent, they’re truly a bit lower than Lotus’ different EVs. The Emeya sedan is available with up to 905 hp. The Eletre SUV is on the market in 603 hp and 905 hp versions.

There will reportedly be 66.4 kilowatt-hour and 99.6 kWh batteries out there, offering round 300 miles and 450 miles of vary, respectively. Rather than placing the batteries beneath the ground like many EVs, Lotus plans to stack them behind the driving force. This lets the occupants sit a bit decrease for a extra conventional sports activities automotive expertise that consumers anticipate from the model.

Lotus will construct the Type 135 in England, not like the Emeya and Eletre, which come from China. The firm estimates it could promote 10,000 to fifteen,000 examples of the sports activities automotive globally annually.

We’ve reached out to Lotus to substantiate all of this for ourselves. We’ll you should definitely replace this text once we hear again. 

Report: Nissan to build electric Juke and Qashqai in Sunderland

Nissan is planning to manufacture electric versions of the Juke and Qashqai at its UK factory in Sunderland.

The decision, expected to be announced on Friday, comes after lengthy discussions with the government and is seen as a move to protect jobs at the facility, where approximately 6000 employees currently produce the petrol models of the two crossovers as well as the electric Leaf.

Sky News reported that the Prime Minister and the Chancellor have been involved in the talks, and Nissan’s commitment is dependent on substantial government funding. Industry sources expect Nissan’s investment in the project to be over £1 billion.

The company is also constructing the EV360 battery factory at the site, with the potential to produce up to 35GWh of batteries annually – a substantial portion of the UK’s expected demand by 2030.

Nissan has recently announced its intention to only launch electric cars in Europe and to discontinue the sale of combustion engine vehicles in the region by 2030. However, it has not specified the timeline for introducing electric versions of the Qashqai and Juke, which have been on the market in their current forms for four and two years, respectively.

The Qashqai, which has been on sale since 2007, was the top-selling car in the UK in 2022, with nearly 43,000 units sold, constituting a fifth of all cars manufactured in the UK.

These reports come shortly after UK Chancellor Jeremy Hunt announced a £2 billion support package for zero-emission investments in the automotive industry, as part of a broader £4.5 billion initiative for strategic manufacturing sectors by 2030.

Hunt emphasized that the funding would attract private sector investment and contribute to job creation and economic growth.

The £2 billion for zero-emission investments in the automotive industry has been positively received by Nissan and Toyota.

Brazen Bike Bandits Attempted to Steal a Kawasaki at EICMA

According to reports, motorcycle theft has been increasing in Italy, with over 31,000 bikes stolen in 2022 alone. Nonetheless, at the world’s biggest major motorcycle show, EICMA 2023, a group of individuals attempted to steal a Kawasaki KX250X while the event was being taken down.

Two individuals, a father and his 18-year-old son, attempted to take advantage of the chaotic environment of the teardown to make off with a new Kawasaki KX250X. They posed as workers and tried to move an extra bike off the show floor on Monday, November 13, 2023.

At around 9:30 a.m. local time, the pair, accompanied by two others, arrived at the Kawasaki stand and claimed to be there to transport four bikes. They then proceeded to take the four bikes and exit the area. However, it was soon discovered that only three bikes were scheduled to be transported at that time.

After the theft was reported, members of the military conducted a search and found the stolen bike inside a truck. The pair were apprehended for questioning, and the bike was returned to Kawasaki.

Why Take a KX250X?

The motivation for targeting the KX250X remains unclear. The bike is valued at about 11,000 Euros in Italy and approximately $9,000 in the US. It is not particularly expensive compared to other new motorcycles. The reasons for choosing this specific bike can only be speculated at this point.

  • They may have wanted it for a specific purpose.
  • They could have been enthusiasts familiar with the bike.
  • They may have taken it simply because it was convenient and nearest to the other scheduled bikes.

Unless this incident is part of a larger organized motorcycle theft operation, the true reasons may never be known. The boldness and audacity of attempting to steal a bike from the EICMA show floor remains a matter of judgment.

Show photos courtesy of EICMA.

‘Succession’ & ‘Ferris Bueller’s Day Off’ Star Alan Ruck Crashes Rivian R1T Into Hollywood Pizza Shop

Alan Ruck, known for his roles in “Succession” and “Ferris Bueller’s Day Off,” was involved in an incident where he crashed a Rivian R1T electric pickup truck into a pizza shop in Hollywood. The police questioned Ruck following the crash, and reports suggest that he was seen using his mobile phone near the truck after the accident. On November 1, KTLA 5 confirmed through the California Department of Motor Vehicles that Ruck was indeed the one driving the EV at the time of the accident. Unfortunately, no further details were provided. The damaged truck has already been removed, and the damaged wall has been boarded up.

Pictures taken at the scene reveal the Rivian R1T perched on a pile of bricks and debris. The presence of yellow brake calipers in one of the images suggests that Ruck might have been driving the quad-motor version of the electric pickup, which boasts an impressive 835 horsepower and 908 ft-lbs of torque.

It is worth mentioning that Rivian’s electric vehicles come with the company’s Driver+ platform as a standard feature. This platform includes various driver assistance technologies such as lane departure warning, blind-spot warning, parking assistance, automatic emergency braking, and lane-keeping assistance. Rivian emphasizes on its website that the Driver+ platform is meant to support drivers but does not replace their attention, judgment, and responsibility for controlling the vehicle.

2024 Toyota GR Yaris to Feature 300 HP and Eight-Speed Automatic Transmission: Report

According to reports, Toyota is working on an upgraded version of its popular Yaris GR. Trusted Japanese magazine Best Car has revealed that the high-performance subcompact hatchback will be introduced this fall with a more powerful engine and some styling enhancements. The production is expected to begin early next year.

Sources close to Toyota have informed Best Car that the turbocharged 1.6-liter engine will receive modifications to deliver an impressive 300 horsepower with a torque rating of 272 pound-feet (370 Newton-meters). This gives it a 28-hp advantage over the Yaris GRMN introduced earlier this year as a limited edition model exclusively in Japan, where only 500 units were made available. However, the rumored GR Yaris would have slightly less torque, with a decrease of 15 lb-ft (20 Nm), compared to the full-powered GRMN which boasted 287 lb-ft (390 Nm).