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2025-01-20
LAS VEGAS (AP) — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. “As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. “We’re excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we’re assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world.’’ Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti’s dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years and F1 initially denied the application despite approval from F1 sanctioning body FIA . The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they’ve already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti’s application was the only one of seven applicants to meet all required criteria to expand F1’s current grid. “General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. “Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024,” F1 said in a statement. “Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. “With Formula 1’s continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." AP auto racing: https://apnews.com/hub/auto-racing8k8 slot game

Watch the highlights from Dallas Cowboys quarterback Cooper Rush's best plays from two touchdown game vs. the Washington Commanders during Week 12 of the 2024 NFL season.Arsenal, under the management of Mikel Arteta, are said to be closely monitoring Lomman's progress as they look to strengthen their attacking options for the upcoming season. The Gunners have struggled to find a consistent goal scorer in recent years and see Lomman as a potential solution to their goal-scoring woes.

The imposition of tariffs on a wide range of imported goods has been a central component of the Trump administration's trade policy, with the goal of protecting American industries and workers from what is perceived as unfair competition from abroad. However, according to the professor's analysis, the reality is far more complex than the simple narrative of shielding domestic interests from external threats.AMAP Launches "Peace of Mind Service" Plan, Bolstering Local Life Services Field

As China continues to navigate through complex economic challenges and transitions, the input of non-Party members becomes increasingly vital in driving innovation, fostering cooperation, and achieving sustainable development. The symposium serves as a testament to the Party's willingness to embrace diverse perspectives and work together towards common goals.The suspected phone scamming center has denied any wrongdoing, claiming that the footage was fabricated and that their employees were simply engaging in disciplinary actions. However, the disturbing nature of the video has raised serious concerns about the treatment of individuals who may have fallen victim to phone scams.

The long-pending proposal for establishment of the South Coast Railway (SCoR) Zone, with headquarters in Visakhapatnam, is likely to materialise soon. The East Coast Railway (ECoR) headquarters in Bhubaneswar has invited e-tenders for construction of the General Manager’s office complex and other associated works in Visakhapatnam. The closing date for the tenders is December 27, 2024. The pre-bid conference will be held at 11 a.m. on December 2, 2024, and bidding will start on December 13, 2024. The GM’s office complex will have 12 floors, including two basement floors, ground floor and nine floors, which will be constructed at an estimated cost of ₹149.16 crore. Union Railway Minister Ashwini Vaishnaw posted the tender notice on ‘X’ on Sunday morning. On November 19, the Railway Board said that the Detailed Project Report (DPR) for the South Coast Railway ‘is under review’ in response to a query from K. Eswar, under the RTI Act. It was mentioned in the RTI reply that 52.2 acres of land at Mudasarlova in the city was handed over to the Railways by the State government. The RTI reply also mentioned that presently, no time frame has been fixed for inauguration of the zone in response to another query. The tender notice seems to have put speculation at rest. The announcement of the South Coast Railway (SCoR) zone, with Visakhapatnam as the headquarters, was made by then Railway Minister Piyush Goyal before the general elections in February 2019. Long-pending demand The feeling of alienation among the people of north Andhra, in combined Andhra Pradesh, began when South Central Railway (SCR) zone was formed in 1966 to meet the aspirations of the Telugu people, but the three districts of Srikakulam, Vizianagaram and Visakhapatnam were not included in it. The failure of the successive governments to meet the demand for merger of Waltair Division with SCR added to their angst. In 1996, then Railway Minister Ram Vilas Paswan wanted to have a new zone in his constituency at Hajipur, and announced six more zones in the country. The move proved, beyond doubt, that “where there is ‘political’ will, there is a way”. The formation of ECoR, with its headquarters in Bhubaneswar, resulted in further neglect of north Andhra, and led to the demand for creation of a new zone in Visakhapatnam. The demand grew louder due to the extension of the popular and highly patronised trains like Visakha Express and Prashanti Express to Bhubaneswar, decrease in berth quota for Visakhapatnam and diversion of long-distance trains via Duvvada. The provision for establishment of a new railway zone made in the AP Reorganisation Act, 2014, came as a shot in the arm for the people of north Andhra, to intensify their stir for the new zone. Published - November 24, 2024 08:10 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Andhra Pradesh / Visakhapatnam / indian railwaysThe decision to restrict concurrent viewing to a single device represents a strategic move by Tencent Video to manage the usage of shared accounts and combat piracy. The company aims to enhance the user experience by ensuring a smoother streaming quality and reducing server overload during peak hours. By enforcing this new policy, Tencent Video hopes to create a fairer environment for all paying subscribers and encourage individual memberships.

Bikita Minerals Unveils $1 Million Medical Clinic in Masvingo

During the match, Xu Zhengyuan was seen taking notes and observing the tactics and techniques employed by the teams on the field. His keen eye for detail and analytical mind were evident as he analyzed the game play and strategies employed by the players and coaches. It was clear that he was fully immersed in the experience, soaking in every aspect of the match to further enhance his own coaching methods.One of the notable trends in the Chinese rental market is the increasing popularity of co-living spaces. Co-living offers a unique housing solution that combines private living spaces with shared communal areas. This trend is particularly appealing to young professionals and urban dwellers seeking a sense of community and convenience. In 2024, we can expect to see a proliferation of co-living spaces in major cities across China, providing tenants with flexible and modern living options.

At just 21 years old, Lomman has been making waves in the Nigerian domestic league with his exceptional goal-scoring abilities and impressive performances on the pitch. His pace, skill, and finishing prowess have not gone unnoticed by scouts and managers of some of the biggest clubs in England.

US goalkeeper Alyssa Naeher is retiring from international soccerThe Nasdaq and the S&P 500 rose to record closing highs on Friday following upbeat forecasts from Lululemon Athletica and other companies and as US jobs data fuelled expectations the Federal Reserve would cut interest rates this month. The Dow finished lower, as a 5.1 per cent drop in UnitedHealth Group shares weighed on the index. The S&P 500 consumer discretionary index rose 2.4 per cent to hit an all-time closing high. It led gains among sectors, boosted by Lululemon. Shares of Lululemon Athletica jumped 15.9 per cent after the sportswear maker increased full-year forecasts. Also in the consumer discretionary space, shares of cosmetics retailer Ulta Beauty advanced 9.0 per cent after the company raised its annual profit forecast. The US Labor Department report showed job growth surged in November, but an increase in the unemployment rate to 4.2 per cent pointed to an easing labour market. "It does support the case for the Fed to continue to cut rates in the December meeting and into the first quarter," said Bill Northey, senior investment director at US Bank Wealth Management in Billings, Montana. The Dow Jones Industrial Average fell 123.19 points, or 0.28 per cent, to 44,642.52, the S&P 500 gained 15.16 points, or 0.25 per cent, to 6,090.27 and the Nasdaq Composite gained 159.05 points, or 0.81 per cent, to 19,859.77. The S&P 500 registered its 57th record closing high for 2024, while the Nasdaq Composite posted its 36th record high close for the year. For the week, the Nasdaq gained 3.3 per cent, the S&P 500 rose about 1.0 per cent and the Dow fell 0.6 per cent. Following the data, US rate futures were pricing in roughly a 90 per cent chance the Fed will lower interest rates by 25 basis points at its Dec. 17-18 policy meeting, according to LSEG calculations which previously saw just a 72 per cent chance. The Fed has lowered rates by 75 basis points since September, when it launched its easing cycle. Fed Governor Michelle Bowman said inflation risks remained, which augured caution with rate decisions. Shares of health insurance companies including UnitedHealth extended declines from the previous session, two days after Brian Thompson, CEO of UnitedHealth's health insurance unit, was fatally shot outside a Manhattan hotel. The shooter remained at large and his motive has not been determined. The death sparked comments on social media over frustrations with the US health insurance system. Among other stock moves, shares of Facebook-owner Meta Platforms were up 2.4 per cent after a US appeals court upheld a law requiring China-based ByteDance to divest its popular short video app TikTok by early next year or face a ban. The Cboe Volatility Index, Wall Street's fear gauge, ended down 0.77 points at 12.77 in its lowest finish since mid-July. Declining issues outnumbered advancers by a 1.01-to-1 ratio on the NYSE. There were 354 new highs and 98 new lows on the NYSE. On the Nasdaq, 2,610 stocks rose and 1,678 fell as advancing issues outnumbered decliners by a 1.56-to-1 ratio. Volume on U.S. exchanges was 12.99 billion shares, compared with the 14.5 billion average for the full session over the last 20 trading days.

Kodak Stock Hits Over 2-Year Highs On Pension Asset Sale And Termination Plans: Retail ApplaudsRutgers’ Greg Schiano explains why he took timeout in stunning last-second loss to Illinois - NJ.comThis term refers to the phenomenon where students, instead of studying diligently throughout the semester, choose to put off their academic responsibilities until the last minute. As Finals Week approaches, the Procrastination Station is in full swing, with students scrambling to catch up on weeks of missed lectures and assignments.

Furthermore, the rejection of the "one-size-fits-all" mentality opens the door to increased collaboration and partnership between healthcare providers and pharmaceutical suppliers. By fostering a deeper understanding of each other's needs and priorities, both parties can work together to identify and implement solutions that not only meet regulatory requirements but also deliver optimal outcomes for patients.Introduction:1. **Beijing loses and surrenders top spot**: The Beijing Ducks, who have been dominating the league for much of the season, suffered a surprising loss in their recent game, causing them to slip from the top spot in the standings. Despite their strong performances earlier in the season, this defeat has raised questions about their consistency and ability to maintain their position at the top.

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