Month: May 2023

Laurence Edmondson, F1 EditorMay 6, 2023, 08:19 PM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 MIAMI — Mercedes boss Toto Wolff described his team’s car as “a nasty piece of work” after Lewis Hamilton qualified 13th for Sunday’s Miami Grand Prix. Mercedes struggled throughout qualifying Saturday, with Hamilton missing out
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Four of the six publicly traded dealership groups in the first quarter posted lower year-over-year average finance and insurance gross profit per vehicle retailed the U.S. The drops were single-digit. Only two groups showed increases in the first quarter of 2023, with AutoNation up 1.6 percent and Sonic Automotive up 0.1 percent. Higher interest rates
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FRANKFURT — German passenger car sales rose 13 percent in April as delivery bottlenecks eased and demand for battery-electric cars continued to rise. Registrations were 202,947, according to data from the KBA motor transport authority. Sales of full-electric cars increased 34 percent to 29,740, despite the fact that government subsidies for battery-electric cars were significantly
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Associated Press May 6, 2023, 02:43 AM ET Seven-time Formula One champion Lewis Hamilton hit out at anti-gay measures enacted by Florida lawmakers and criticised the state’s controversial “Don’t Say Gay” law ahead of the Miami Grand Prix on Sunday. Hamilton, F1’s only Black driver, regularly uses his platform to speak on issues of social
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Until about two years ago, Gates Automotive Group focused its marketing efforts on monthly sales promotions that were aimed at consumers close to making a purchase decision. That strategy has evolved. Now, the dealership group in South Bend, Ind., has emphasized brand awareness marketing that combines social media engagement, collaboration with local athletes and business
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Drivetrain components and systems manufacturer American Axle & Manufacturing on Friday reported a first-quarter net loss of $5.1 million. That’s compared with net income of $1 million in the first quarter of 2022. In a Friday morning call, executives attributed losses to new program launch costs, material and labor inflation and market inefficiencies caused by
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