Max Verstappen has hit back at Mercedes and Ferrari after claims Red Bull have broken F1’s budget cap rules. Verstappen demanded rival teams “keep their mouth shut” over the issue after the allegations surfaced at the Singapore Grand Prix. German newspaper Auto Motor und Sport had claimed Red Bull were around £9million ($10mil) over last […] Max Verstappen sends aggressive message to Mercedes and Ferrari
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Ferrari''s Charles Leclerc has taken pole position for Sunday''s Singapore Grand Prix ahead of Red Bull''s Sergio Perez. Follow LIVE!
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Ferrari''s Charles Leclerc secured pole position for the Singapore Grand Prix on Saturday after a furious Max Verstappen was forced to abandon his fastest lap for fear of running out of fuel.
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Charles Leclerc took pole position on Saturday (Oct 1) for the Singapore Grand Prix, but…
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Max Verstappen was furious during Saturday''s Qualifying race for Singapore GP, after a fuel issue forced placed the world championship leader in P8 ahead of Sunday''s final race. Ferrari driver Charles Leclerc took pole position for the Singapore Grand Prix with Max Verstappen set to start in eighth ahead of the race on Sunday, October 2, 2022. In drying conditions, Verstappen, who looks forward to securing back-to-back titles with a win in Singapore, appeared to be on course to take pole with his final throw of the dice. However, the Red Bull driver was under instruction from his team to abort his final lap after a fuel issue, forcing him to start Sunday''s race further than he would have wanted. "I don''t get it, mate,", "What the f*** is this about?" a furious Verstappen was heard saying on the team''s radio via Evening Standard . Max Verstappen is unhappy with his pole at the grid ahead of Sunday''s Singapore GP Ferrari driver Charles Leclerc won pole position ahead of the Singapore GP According to reports, Verstappen was told to stop because he would have been short of the required one litre of fuel, allowing his teammate Sergio Perez to instead claim second place, with Lewis Hamilton third.
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Ferrari driver Charles LeClerc has clinched pole position for the Singapore Grand Prix. Charles Leclerc will start from pole position in the Singapore Grand Prix tomorrow, Sunday, October 2. He drove his Ferrari to a stunning fastest lap around the Marina Bay street circuit this evening, Saturday 1. It is his second consecutive pole and the ninth of the season. “It was really, really special. Every qualifying in street tracks is super on the limit and even more like that when it is damp. But it worked well”, said the Frenchman after the session. Red Bull’s reigning world champion Max Verstappen looked to be heading for that front-row spot, but a disaster over his car’s fuel supply resulted in the Dutchman finishing in eighth place. On the penultimate lap of today’s Q3 session, he received a message via the team radio instructing him to pit urgently. “I don’t get it. What are you saying?”, Verstappen was heard saying. He was on-course for an unbelievable lap Max was unable to fight for pole in Singapore, after being called into the pits to ensure he had enough fuel for a sample after qualifying #SingaporeGP #F1 pic.twitter.com/lUdIsiu5HJ — Formula 1 (@F1) October 1, 2022 FIA rules state that cars must have a specific amount of fuel remaining after completing the session in order to provide a sample.
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Leclerc posted a time of 1:42.795, 0.208sec behind teammate Sainz while Verstappen, who celebrated his 25th birthday at the Marina Bay Circuit, got off to a disappointing start in Formula 1''s return to Asia after three years.
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Spaniard Carlos Sainz led teammate Charles Leclerc in a Ferrari one-two at the end of Friday''s Formula One practice for the Singapore Grand Prix.
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Carlos Sainz led Charles Leclerc in a Ferrari one-two in an apparently unrepresentative second practice session at the Singapore Grand Prix. Sainz was 0.208 seconds quicker than his team-mate but both Leclerc and Max Verstappen’s Red Bull had sessions disrupted by technical issues. Verstappen did only seven laps and ended up fourth, splitting the Mercedes […] The post Singapore Grand Prix: Carlos Sainz leads Ferrari one-two in second practice appeared first on The Independent Ghana .
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By Victoria Waldersee and Emma-Victoria Farr FRANKFURT (Reuters) - Porsche AG shares had a see-saw start on Thursday, after Volkswagen defied volatile markets to list the sports car brand at a valuation of 75 billion euros ($72 billion) in Germany''s second-biggest market debut. The shares closed at 82.50 euros ($80.74), returning to their issue price from the session high of 86.76 euros. Volkswagen priced Porsche AG shares the top end of the indicated range, and raised 19.5 billion euros via the listing to fund the group''s electrification drive. Cornerstone investors including Qatar Investment Authority, T. Rowe Price, Norway''s sovereign wealth fund and Abu Dhabi''s laid claim to 40% of the share offering. Some 25% plus one ordinary share went to the Porsche and Piech families via Porsche SE, Volkswagen''s largest shareholder which now has a blocking minority on the sportscar brand. The shares peaked at 86.76 in late morning. The share performance puts Porsche AG''s valuation at about 75.
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John Elkann, the scion of Italy’s Agnelli clan, sees potential for a “new Tesla” to emerge from the current wave of energy transition at a time his family’s Exor NV holding is investing in startups, including some focused on cleaner sources.
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Read more on the impact the newly-unveiled Purosangue may have on Ferrari and how this new model will support the luxury carmaker''s growth.
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The stock sale will help Volkswagen raise funds to plow into its electrification push, while investors get a slice of an emotional brand akin to Ferrari.
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Morgan Stanley makes a very bullish call on shares of the supercar maker.
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FRANKFURT, Germany (AP) — Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history. The German automaker estimates the deal could reap as much as 9.5 billion euros ($9.08 billion) that it can use for its push into software, services and electric and autonomous vehicles in line with the shifting focus of the global auto industry. Volkswagen on Wednesday was expected to complete the process of lining up investors and determining the final share price, which requires a decision of its board of directors, before the listing Thursday. The deal enables Volkswagen to tap into investor interest in Porsche, whose fat profit margins of 15% to 20% on vehicles like the 911 sports car and Cayenne SUV are far above the single-digit profits common to mass-market automobiles. The proceeds will help pay for Volkswagen’s “massive” investments in revamping factories and research and development, said Christian Stadler, professor of strategic management at Warwick Business School. “They need money, and electrification is super expensive,” Stadler said. “And when we look ahead, it’s getting more and more expensive to simply borrow money” as interest rates rise.
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The new collection shown at Milan Fashion Week combines pieces Formula One fans would covet, including racing jumpsuits and pit jackets adorned with iconic patches, as well as elegant statement pieces incorporating the Ferrari technological drive with more subtlety.
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MILAN - Milan Fashion Week closed Sunday after five days of mostly womenswear previews that celebrated diversity and renewal, with more designers of color represented than ever…
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MILAN (AP) — Milan Fashion Week closed Sunday after five days of mostly womenswear previews that celebrated diversity and renewal, with more designers of color represented than ever and a host of new talent making their debuts at major fashion houses. The Italian fashion council was also putting the spotlight on sustainability with the return of the Green Carpet awards Sunday night recognizing progress in practices that reduce waste in the industry and its carbon footprint. Even while the fashion world was putting the spotlight on sustainability, this season’s calendar presented unsustainable trajectories between shows, forcing the fashion crowd to travel back and forth, multiple times in one day, in an already gridlocked city. Even biking proved a challenge with few bike lanes on the routes. Some highlights from Sunday, the closing day of Milan Fashion Week: REMAKING BENETTON FROM THE KNITWEAR UP Benetton is embarking on yet another remake, this time under the creative direction of Andrea Incontri, a Milan designer with experience at a host of fashion houses, including Tod’s.
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There are many reasons Ferrari is a compelling stock, but here''s a look at how it measures up against competitors.
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Today we will discuss three car stocks to buy as the North American International Auto Show returns to Detroit after a three-year absence. Although it was a smaller event than in previous years, Wall Street was eager to see which automakers were driving in the fast lane. In 2021, car sales metrics in the U.S. were strong. U.S. car sales approached 15 million , coming behind China with about 21.5 million. That said, automakers have dealt with several challenges so far this year. For starters, the semiconductor shortage coupled with rising commodity and shipping costs have weighed on company operations and earnings. At the same time, new auto sales have hit the brakes, as consumers struggle amid fears about persistent inflation and a recession. According to the National Automobile Dealers Association, new car sales in the second quarter of 2022 are down more than 25% compared to the year before. Nevertheless, it’s not all doom and gloom in the automotive industry. Luxury cars and high-margin SUVs gained market share over cars in the first half of 2022, while electric vehicle (EV) sales rose 66% in the second quarter year over year.
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Freyr Battery SA (NYSE: FREY) is up nearly 20% this morning after a Morgan Stanley analyst named it his top pick – a title previously held by Ferrari. Freyr stock could climb to $26 a share On Wednesday, Adam Jonas reiterated his “buy” rating on the stock and raised his price target to $26 even […] The post Morgan Stanley sees a 300% upside in this EV battery maker appeared first on Invezz .
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More than 300 model cars collected by a South African enthusiast go under the auctioneer''s hammer, with a limited edition F1 Ferrari expected to draw special attention.
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Red Bull Racing have been infallible in 2022 as they pulled away from Ferrari in the championship with clockwork precision during race weekends.
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After slow start Dutch driver has shown imperious calm and, backed by his masterful team, a second world title is imminent “It’s not going to spoil my day,” was Max Verstappen’s deadpan response when asked about the booing he received on the podium after victory at last weekend’s Italian Grand Prix. The Dutchman even wore a wry smile as he shrugged it off. As well he might, the rumble of discontent from Monza’s tifosi an insignificant background to the resounding success that has all but secured his second Formula One world championship. After a nail-biting conclusion to last season, when his contest with Lewis Hamilton went to the wire of that controversial decider in Abu Dhabi , this year could not stand in greater contrast. Verstappen has imposed himself on the championship, winning 11 races from 16 meetings. He leads Ferrari’s Charles Leclerc by 116 points and his Red Bull teammate Sergio Pérez by 125. There are six races left but he can wrap up the title at the next round in Singapore or, failing that, the one after in Japan.
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The IPO seems tempting given Ferrari''s valuation. But Porsche''s decision is as much about raising money and settling family issues as it is about going public.
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FIA’s president Mohammed bin Sulayem under fire Italian GP grid was produced after more than three hours Senior figures in motor racing have expressed a widespread sense of fatigue and dissatisfaction among Formula One teams with the sport’s governing body, the FIA. What is seen as an increasingly fraught relationship between the teams and the FIA was exacerbated further at last weekend’s Italian Grand Prix, while the organisation’s president Mohammed bin Sulayem has been criticised for a failure of leadership. F1 is enjoying a huge surge in popularity at present but many within the sport are concerned that the FIA, which enforces its regulations, is proving to be more of hindrance than help to this growth. Continue reading…
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Mr Ferrari savaged caller James from Leeds who went off on a rant about airport security being installed for those who want to visit the Queen lay in state. The security protocols to visit Her Majesty have made it clear that members of the public are not allowed to bring in liquids and any kind […] ‘This is not an airport!’ Ferrari erupts at caller over queue security
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Nick Ferrari erupted at phone in caller James from Leeds over the security protocols Britons must follow if they go to queue and see the Queen lie in state at Westminster Hall.
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Ferrari investors couldn''t have been surprised by news it unveiled its long-awaited first SUV, but the shares nevertheless notched a solid gain. There must have been raised…
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font size The all-new seventh-generation Ford Mustang. Courtesy Mustang All-new Mustang from Ford Motor over here. this Not powered by batteries. It’s electric, though. stronghold (Tape: F) The seventh-generation Mustang was unveiled at the Detroit Auto Show late Wednesday. The sports car lives up to its brand heritage. This says nothing. Any new Mustang has a lot to live for. She is a 60-year-old American icon. The Green Machine even had a starring role in “Bullitt” with Steve McQueen behind the wheel. Today, there is even a battery-powered model, and Mach E which dropped out of showrooms in the tens of thousands after its launch in late 2020. Ford plans to secure this version’s place in the Mustang Pantheon through its races. “We’re going back to Le Mans again with the Mustang,” Ford CEO Bill Ford said at his company’s launch event. (Ford v . movie) Ferrari And the Of course, details of Ford’s early Le Mans experience.) The new model runs on gasoline, and is equipped with its classic 5-liter V-8 engine that can produce up to 500 naturally aspirated horsepower and go from zero to 60 mph in an astonishing 4 seconds.
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Ferrari are determined to end Max Verstappen''s winning streak that has now stretched to five consecutive races, and are planning upgrades for the upcoming race in Singapore.
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The SUVs have become the battleground for the flagships of the automobile industry.
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Ferrari once said that it would never make an SUV - and, apparently, the Purosangue doesn’t break that promise
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Ferrari, known for its iconic, powerful two-seat coups, rolled out a rare four-door production vehicle on Tuesday, the new Purosangue.
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Ferrari''s newest model has four doors, four seats, and costs nearly $400,000. See inside the Purosangue.
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Ferrari has unveiled the first four-door production vehicle the legendary Italian automaker has ever produced. It has a long hood that houses a gasoline engine and a single large area behind that which holds seats for four people and space for plenty of cargo. It''s also a four-wheel-drive vehicle. But, with the company''s sporting and racing history, Ferrari insists it isn''t anything so gauche as a "Sport Utility Vehicle."
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The four-seater is said to drive like a true Ferrari even though it weighs more than two tonnes and has a 185mm ground clearance
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Max Verstappen won the Italian Grand Prix after Charles Leclerc''s pit-stop gamble backfired.
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Red Bull star Verstappen was not a popular race winner among the gathered Tifosi at Monza, who had come out hoping Charles Leclerc could provide a famous Ferrari victory
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In one fell swoop, let''s explain away a misconception about Ferrari, as well as how it leaves other automakers in the dust.
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Bulls Max Verstappen on Sunday continued his imperious form on the grid as he clinched his first win in Monza, edging close to yet another F1 title. The post F1: Verstappen trumps Ferrari’s Leclerc, wins Italian Grand Prix appeared first on Vanguard News .
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Red Bull’s Max Verstappen overcame a five-place grid penalty to win the Italian GP on Sunday in a highly strategic race as Ferrari let it slip on their home turf. Monégasque driver Charles Leclerc lined up on pole position having narrowly beaten Verstappen, who had a five-place grid penalty, which dropped him to seventh. Teammate Carlos Sainz finished third on Saturday, but a grid penalty saw him drop back to 18th. It was English driver George Russell who therefore lined-up next to Leclerc on the front row of the grid on Sunday. Leclerc comfortably held his lead off the grid, but the real danger was further back. By the first corner of the second lap, Verstappen had already made his way up to third. The reigning world champion clearly had pace, as he has in recent races. But this race was as much decided by strategic calls and tyre degradation as it was by raw pace. Leclerc saw an opportune moment to make an (almost) free stop under a virtual safety car, and took it. However, it was too early, and Verstappen could hugely extend his first stint, allowing to take the advantage of his increasingly distant title rival.
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This afternoon the Monza “Temple of Speed” again hosted the Italian Grand Prix and come the chequered flag it was Red Bull’s Max Verstappen who made it five victories in a row, denying Ferrari’s Charles Leclerc what would have been a highly popular home win after a race which ended behind the Safety Car.
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The team’s season has been marred by blunders including providing only three tyres for Carlos Sainz’s pit stop last week
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Qualifying was conducted on Saturday amid a strange backdrop, given that a huge proportion of the field were already subject to grid penalties. Verstappen is among them, meaning that although he posted the second-fastest time in Q3 behind Leclerc, he drops down to P7 for the Grand Prix. The re-shuffled pack sees Leclerc start on […] Horner warns Ferrari and sets Verstappen ‘damage limitation’ target
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Ferrari''s Charles Leclerc took pole for the Italian Grand Prix after topping the times in qualifying at Monza on Saturday.
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Ricciardo returns to the site of arguably his greatest triumph in Formula 1 as the McLaren driver attempts to end his year on a positive note.
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MONZA, Sept 10 — Charles Leclerc and Carlos Sainz set the pace in practice for Ferrari’s home Italian Grand Prix on Frid…
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Carlos Sainz edged out Max Verstappen to top Practice Two; Charles Leclerc was third after leading a Ferrari one-two in first practice; Sainz and Verstappen among several drivers taking grid penalties in Sunday’s race; Watch Italian GP qualifying live on Sky Sports F1 at 3pm on Saturday Last Updated: 09/09/22 5:43pm Please use Chrome browser […] Italian GP: Carlos Sainz completes Ferrari practice double at Monza
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Dutch world champion will be going for his fifth win in a row
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