By Maria Merano Posted on April 25, 2024 LG Energy Solution (LGES) posted a provisional sales decline of 29.9% year-over-year, amounting to 6.3 trillion won (US$4.46 billion). It also reported an operating profit of 157.3 billion won (US$114 million), down 75.2% compared to the previous year.  According to South Korean financial anaylsts, LGES posted an operating
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Apr 25, 2024, 02:08 PM ET Open Extended Reactions Adrian Newey, Formula One’s most sought-after designer, wants to leave champions Red Bull, according to media reports on Thursday. A Red Bull spokesperson said Newey was contracted until at least the end of 2025 “and we are unaware of him joining any other team.” The BBC
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Photo: Bygging Uddemann The first of 23 caissons for Princess Elisabeth Island, the world’s first artificial energy island, is nearly complete. Princess Elisabeth Island will be an electricity grid at sea that will connect offshore wind farms to the Belgian mainland and also serve as a hub for future interconnectors with the UK and Denmark. Belgian electricity transmission
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More details have emerged on the McLaren P1 successor following a dealer meeting held earlier this month, Automotive News (subscription required) reported, citing dealer sources present at the meeting. The new hypercar will reportedly debut in the fourth quarter but won’t start deliveries until the first half of 2026. This means it will launch after
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Associated Press Apr 24, 2024, 10:14 AM ET Open Extended Reactions Team Penske suffered a humiliating disqualification Wednesday when reigning Indianapolis 500 winner Josef Newgarden was stripped of his victory in the season-opening race for manipulating his push-to-pass system. Penske teammate Scott McLaughlin, who finished third in the opener on the downtown streets of St.
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Another company has surfaced with an electric conversion for the original Defender, but there’s a difference this time. U.K.-based Bedeo’s electric Defender uses in-wheel motors, which Bedeo has packaged as a retrofit kit that could potentially be used on any classic car. Bedeo specializes in adding electric powertrains to light commercial vehicles, but the company
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Apr 24, 2024, 11:39 AM ET Open Extended Reactions Ferrari has signed a multi-year partnership with HP, making the world’s second-largest PC vendor the new so-called title sponsor of Ferrari’s motor racing team, including for Formula One, the two companies said on Wednesday. Based on the agreement, for which no financial details were provided, the
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Apr 21, 2024, 08:20 AM ET Open Extended Reactions Chants of “Guanyu, Guanyu, Guanyu” drowned out all other sound at the Shanghai International Circuit on Sunday as Zhou Guanyu, China’s first and only Formula One driver, stepped on to the starting grid ahead of his first Chinese Grand Prix. Sauber’s Zhou, who was racing in
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Associated Press Apr 21, 2024, 02:47 PM ET COLOMBO, Sri Lanka — A race car veered off the track during a competition in Sri Lanka on Sunday and rammed into a crowd of spectators and race officials, killing seven people and injuring 20 others, officials said. Thousands of spectators looked on as the mishap took
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Open Extended Reactions Formula One will this week discuss a plan to extend grand prix championship points from the top 10 to the top 12 finishers of a race. Under the current structure, the top ten drivers score points, which are handed out as 25-18-15-12-10-8-6-4-2-1. On Thursday, the suggestion of changing that format will be
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