It’s felt like Pierre Gasly has been on borrowed time at Red Bull since the season began, but surely the French GP has sealed his fate despite Helmut Marko’s reassurances. The team said his call-up this season came earlier than planned, so sure they wouldn’t have expected him to challenge Max Verstappen from the start like Charles Leclerc has done to Sebastian Vettel at Ferrari, but at the Circuit Paul Ricard, he couldn’t even beat the midfield runners. Qualifying was a disaster for Gasly. Mercedes, Ferrari, Verstappen and even McLaren had the pace to clear Q2 on the slower medium tyres – the red-walled softs were just burning up too quick in the sweltering heat, meaning starting on them would be a huge strategic blow. However, Gasly needed the softs to make it into Q3, and even then he only did so by 0.04s over Alex Albon in the Toro Rosso – Red Bull’s junior team. Q3 finished with Gasly eight-tenths slower than the leading McLaren and … [Read more...] about Is the writing is on the wall for Gasly?
Screwing wall street
The Morning Shift All your daily car news in one convenient place. Isn't your time more important? The hunger for EVs grows stronger, the Chinese auto market looks weaker, and Carlos Ghosn is still in jail. All that and more in The Morning Shift for Wednesday, Jan. 16, 2018. 1st Gear: Hard Brexit Has British Automakers Tight If you’re not following how Brexit is going these days, Theresa May’s deal got voted down. Things are shaping up like either they figure out some last minute way to get out of it, or a no-deal break, neither of which sound ideal. If you’re wondering how the British auto industry is taking it, a Bloomberg wire report got quotes and they are too good not to share: “I’ve done what any sane person would do: I’ve assumed the worst,” Aston Martin CEO Andy Palmer said Tuesday at the Automotive News World Congress, which coincides with the Detroit auto show. “I’ve assumed we’ll crash out of Europe, and in … [Read more...] about Brexit Looks Like It’s About to Screw Up the British Auto Industry Something Serious
In his quarterly conference call with financial analysts on Wednesday, the last thing Tesla’s CEO Elon Musk wanted to answer were Wall Street analysts’ questions about how much money the automaker needs to keep the lights on this year. So he cut them off, declared their queries “boring, bonehead questions” and instead opened the floor to a retail investor and super fan from YouTube. It was a strange experience. Earning calls typically aren’t a rollicking affair, when most of the time companies are expected to take questions and explain what their financial outlook is going forward. But Tesla isn’t most companies, and Musk is Musk, so the automaker’s quarterly calls have gathered a strange allure about them, with reporters and observers—for whatever reason—anxious await in anticipation to see what Musk will do. Early on, Musk turned to one of his favorite targets—the media—and derided any journalist who covers fatal … [Read more...] about Tesla’s Elon Musk Rejected Questions From Wall Street Analysts To Shoot The Shit With A YouTuber
A week after New York resident Juan Thomas bought a 2004 BMW 745i, in December 2012, the bank that financed the purchase—Wells Fargo—contacted him to say that he needed additional auto insurance for the vehicle. This was a bit odd, mainly because the car was already insured. “It didn’t sound right to me,” Thomas said. A month later, he heard again from a Wells Fargo representative, who again claimed his car wasn’t insured. Soon after, he received a bill and found that Wells had placed a collateral protection insurance policy on his account. “From then on, my [cost] just kept going up going up,” Thomas said in an interview. He repeatedly spoke with Wells Fargo representatives, sent along proof of his insurance, but nothing changed. With the insurance, Wells increased his monthly payment from $413.48 to about $600, at first, to, eventually, $1,000. “It seemed like I was never going to get out of debt for this car,” Thomas said. … [Read more...] about How Wells Fargo Screwed $80 Million Out Of Customers Using Unnecessary Car Insurance
Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know. 1st Gear: Yay? One of President Trump’s campaign planks, and indeed, a plank of his presidency, has been to “bring manufacturing back” to the United States, especially automotive manufacturing and steel and aluminum manufacturing (both of which are vital to the car industry). Trade wars are “good” and “easy to win,” he proclaimed. To help bring that manufacturing back, the Trump administration announced a 25 percent tariff on $50 billion worth of Chinese goods, including cars. That felt good and nice, since the American market is already too flooded with Buick Envisions (4,367 sold last month, or less than 1.5 percent of GM sales according to Automotive News), Cadillac CT6 Plug-In Hybrids (17 sold, yes, seventeen, not 17,000), and Volvo S60 long-wheelbase models … [Read more...] about Trump’s Trade War Is Going To Screw Over All Of Our Cars