Tourism is most significant economic impact

If a single 2018 incident demonstrated just how disjointed Formula 1 has become, it was the Haas versus Force India protest filed late on Thursday in Abu Dhabi. Advert | Become a Supporter & go ad-free Significantly, the protest came within F1 hours of scrutineering and ahead of the season’s final championship round. Also crucial to proceedings is that Abu Dhabi steward Garry Connelly also officiated in Belgium, where Racing Point Force India was declared a new team holding a new entrant license. Thus there was no cause to postpone or reconvene the matter at a later date, enabling both the hearing and the crucial (and expected) outcome – namely that the Force India cars were legal – to be handed ahead of FP3 on Saturday. However, Force India’s victory actually represents a defeat as we outlined here immediately after verdict. The road map of the mess F1 found itself in has been detailed in these pages since Force India plunged into administration at end-July. But … [Read more...] about Haas’s protest a legacy of F1’s missing Concorde Agreement – RaceFans

Last month we outlined how precariously Formula 1’s fortunes hinge upon its share price , in turn driven by factors surrounding the sport and the subsequent opinions of investment analysts. Yet, many of these have seldom – if ever – seen a grand prix live or on TV, and base their (critical) analyses on developments that profoundly affect stock value. Advert | Become a Supporter & go ad-free In a nutshell, uncertainty immediately knocks the price; positive, hard news gradually boosts it. At the time we flagged two dates: November 8th, on which F1’s commercial rights holder Liberty Media would field investor calls on Q3 earnings; and November 14th, Liberty Media’s Annual Investor Day, at which the results and prospects of group entities are presented to shareholders. F1 in particular seemed to leave the investment community distinctly lukewarm. During the investor call F1’s share prices – A Class FWONA and C Class FWONK – dipped. Steeper falls followed the call’s … [Read more...] about RacingLines: What is and isn’t behind F1’s share price moves – RaceFans

I went into the launch of the new 2023 Genesis Electrified GV70 ready to be mildly disappointed. I thought it’d be something of an afterthought, just the normally gas-powered GV70 crossover with batteries. And we know that in 2023, EVs designed to be EVs from the ground up tend to perform better than cars adapted for electric power after the fact. I also didn’t understand why Hyundai’s luxury division would do this since it already has an outstanding electric compact crossover in the Genesis GV60 . I figured the Electrified GV70 , which is built in Alabama , was a fast-tracked battery-swap job just to take advantage of the new tax credits , which require EVs to be assembled in North America. The Korean-built GV60 doesn’t qualify. Folks, when I’m wrong, I’m wrong. The Electrified GV70 is a stellar addition to the brand’s growing portfolio of EVs , and there are even some ways that it outclasses the GV60 – not to mention a lot of other competitors in this space. … [Read more...] about 2023 Genesis Electrified GV70 First Drive Review: Meet One Of America’s Best EVs

This is a carousel. Use Next and Previous buttons to navigate 3 BATON ROUGE, La. (AP) — The effort to recall Democratic New Orleans Mayor LaToya Cantrell has failed, following an official count of petition signatures released by the Louisiana governor’s office Tuesday. Although the petition sheets contained over 67,000 signatures, most where declared invalid by the registrar. Gov. John Bel Edwards announced that only 27,243 of the signatures were valid — falling about 18,000 short of what was needed to force a referendum. Signatures can be rejected for a multitude of reasons including, if they are dated after the deadline, the title page is mislabeled, there is erroneous information or profanity, if the person is out-of-parish or if the signature is a duplicate. “My administration has always remained focused on addressing the real pressing issues that face our city,” Cantrell said in a statement to WAFB-TV. “Now, with the divisiveness of the … [Read more...] about Effort to recall New Orleans’ first female mayor fails