Page 17 - Sep 2022

A 2-Seat er MG is Back and Ret urning t o It s Sport s Car Root s, Almost

The British marque now owned by SAIC, a Chinese state-owned enterprise based
Mo t o r s po r t in Shanghai, has released a teaser video showing a convertible sports car with
News f r o m similar proportions to the Mazda MX-5 Miata. Could that also be be a yoke-style

Her e a n d steering wheel?
a c r o s s t h e In a statement accompanying the video, MG said: ?The return of the legend. Check
Po n d out the tease for our MG sports car.? The new MG is expected to be an electric
vehicle with sales beginning in 2023 in the markets where the company operates.
The US , however, is not one of them. The company claims its new entry will go
from 0-60 in under three seconds and travel 500 miles on a charge.
You can get a look at the teaser video , here:

https://www.youtube.com/watch?v=wVSCZflR5AM&t=12s

Porsche t o Buy 50% of Brit ish Based Red Bull Technology Company which Means a Ret urn t o Formula One Racing

Persistence pays off and the Stuttgart based Porsche has been exploring, quietly, for several years a return to the Formula 1 grid. Now, according to
reporting in Racer.com, they've found the way with the right deal. By purchasing half of the Red Bull Technologies company, because of new rules
regarding technology in the cars, Porsche will be able to enter Formula One in 2026 as a constructor part of the team. In 2026, engines will be
electrified to a much greater extent, including with synthetic fuels, which Porsche has been working on for several years. It takes three to four years to
develop a new engine, putting Porsche in the sweet spot for both new rules and timing of new technology. According to Racer, " ... documents were
submitted to antitrust authorities, and the publication of those documents has been submitted to the public for review. According to the disclosure,
Porsche has agreed to buy half of Red Bull Technology.... Porsche is expected to be the engine supplier for the Red Bull outfit, and the tie up involves at
least a 10-year commitment." Will Audi buy into McLaren next ? Stay tuned.

VW CEO Herbert Diess has been quoted as saying that both Porsche and Audi have become increasingly interested in being back in Formula One
because of the growing interest in the US market. " The marketing that is happening there, plus Netflix, has led to Formula 1?s following growing
significantly in the U.S. Asia [too] is growing significantly, including among young customer groups. If you look at the major sporting events or events
in the world, it?s the case that in motorsport, it?s really only Formula 1 that counts and is becoming increasingly differentiated," Diess said.

Lewis Hamilt on Saddles Up for American Foot ball
Multi-time World Champion F1 driver Lewis Hamilton is branching out in the world of sport, The British driver,
recently knighted for his contribution to motorsports, is now a part owner of the Denver Broncos football team.
The sale price of $4.65 billion dollars was proffered by a consortium of owners, the Walmart-Penner group,
lead by Walmart heir Rob Walton. The group plans to be "visible" owners.

Hamilton, 37, has joined other investors including former US Secretary of State (and major football fan)
Condoleeza Rice, Walton's daughter Carrie Walton Penner and her husband, Greg, and co-CEO of Ariel
Investments, Mellody Hobson, as the new owners of one of the NFL's most successful franchises over the years.

The sale price is a record for a North American sports franchise. Walton-Penner was, reportedly , one of four
groups that had advanced to the second round of bidding for the team in early June. According to news sources
the sale agreement with the Walton-Penner group also means Walton and Stan Kroenke, Walton's cousin by
marriage, will own five of the six major professional sports franchises in Colorado. Kroenke owns the Denver
Nuggets, Colorado Avalanche, Colorado Rapids and Colorado Mammoth lacrosse team, in addition to a regional
media company in the state. Previously, the Broncos were owned for 30 years by Pat Bowlen who passed away
in 2019 from Alzheimer's disease. Under his ownership the Broncos won three Super Bowl titles.
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