Automotive
THOMPSON RELISHES TIGHT INDY PRO 2000 CHAMPIONSHIP BATTLE
From Parker Thompson Racing
In a season that has seen Parker Thompson take part in races belonging to four different championship series, a tight Indy Pro 2000 presented by Cooper Tires championship battle has been a source of renewed energy and motivation. Between Indy Pro 2000, GT3 Cup Challenge, and the Canadian Touring Car Championship, the young Alberta native has competed in twenty-seven races this year. Driving the #8 car of Abel Motorsports, Thompson currently holds second place in the overall Indy Pro 2000 Championship standings. He is coming off a double-duty weekend at the Honda Indy Toronto, where he combined for three podiums and four top-five finishes in Indy Pro 2000 and GT3 Cup events.
“In terms of action on the track, this season has certainly been busier than I could have ever imagined. Maybe at some point I’ll grow tired of racing almost every weekend, but that is pretty hard to imagine when we are caught up in championship battles like this one in Indy Pro 2000. The Road to Indy is where I started my racing career, and a championship here would mean so much to me. It’s a hard fight though. There are three of us [Kirkwood, Frost and Thompson] all within five points of each other for 2nd place in the standings. And I’m sure that each of us are looking up at Lindh in that first-place position more than we are looking at each other.”
The series travels to Mid-Ohio Sports Car Course this weekend for Championship Rounds 10 & 11. The 2.25-mile track is one familiar to Thompson. He earned a win there earlier this year in GT3 Cup. Given the tight nature of the Indy Pro 2000 championship race, a win again seems like the only sure way for Thompson to improve his position in the standings. With experience at multiple levels on the Road to Indy though, Thompson takes a slightly different stance.
“Of course winning is always the objective, but this is a long season that often rewards consistency. After winning the first two races in St. Petersburg, I’ve been reminded often how important that consistency is. With Abel Motorsports, we’ve made a lot of headway this year. One single performance isn’t going to earn us the title. If our group can continue in the direction that we’ve been headed over the last couple of weekends though, then I’m very excited about our chances.”
Event Schedule
Cooper Tires Indy Pro 2000 Grand Prix of Mid-Ohio – Rounds 10 & 11
16:15 – 16:35 EST Qualifying 1July 27, 2019
09:10 – 09:30 EST Qualifying 2
17:00 – 17:40 EST Race1
July 28, 2019
10:00 – 10:50 EST Race 2
Follow along live with RoadToIndyTV or on IndyPro2000.com
About Parker Thompson
Red Deer, Alberta native Parker Thompson is regarded as one of Canada’s premiere racing drivers. He started racing karts at age 8 and his natural talent and competitive drive quickly elevated him to international level competitions. By age 13 he was ranked 3rd in the world in Rotax Max karts. Now 21 years old, Parker continues his successful career racing on the Road to Indy, and in multiple sports car series.
From the Daily Caller News Foundation
By David Blackmon
Ever since March 16, when presidential candidate Donald Trump created a controversy by predicting President Joe Biden’s efforts to force Americans to convert their lives to electric-vehicle (EV) lifestyles would end in a “bloodbath” for the U.S. auto industry, the industry’s own disastrous results have consistently proven him accurate.
The latest example came this week when Ford Motor Company reported that it had somehow managed to lose $132,000 per unit sold during Q1 2024 in its Model e EV division. The disastrous first quarter results follow the equally disastrous results for 2023, when the company said it lost $4.7 billion in Model e for the full 12-month period.
While the company has remained profitable overall thanks to strong demand for its legacy internal combustion SUV, pickup, and heavy vehicle models, the string of major losses in its EV line led the company to announce a shift in strategic vision in early April. Ford CEO Jim Farley said then that the company would delay the introduction of additional planned all-electric models and scale back production of current models like the F-150 Lightning pickup while refocusing efforts on introducing new hybrid models across its business line.
General Motors reported it had good overall Q1 results, but they were based on strong sales of its gas-powered SUV and truck models, not its EVs. GM is so gun-shy about reporting EV-specific results that it doesn’t break them out in its quarterly reports, so there is no way of knowing what the real bottom line amounts to from that part of the business. This is possibly a practice Ford should consider adopting.
After reporting its own disappointing Q1 results in which adjusted earnings collapsed by 48% and deliveries dropped by 20% from the previous quarter, Tesla announced it is laying off 10 percent of its global workforce, including 2,688 employees at its Austin plant, where its vaunted Cybertruck is manufactured. Since its introduction in November, the Cybertruck has been beset by buyer complaints ranging from breakdowns within minutes after taking delivery, to its $3,000 camping tent feature failing to deploy, to an incident in which one buyer complained his vehicle shut down for 5 hours after he failed to put the truck in “carwash mode” before running it through a local car wash.
Meanwhile, international auto rental company Hertz is now fire selling its own fleet of Teslas and other EV models in its efforts to salvage a little final value from what is turning out to be a disastrous EV gamble. In a giant fit of green virtue-signaling, the company invested whole hog into the Biden subsidy program in 2021 with a mass purchase of as many as 100,000 Teslas and 50,000 Polestar models, only to find that customer demand for renting electric cars was as tepid as demand to buy them outright. For its troubles, Hertz reported it had lost $392 million during Q1, attributing $195 million of the loss to its EV struggles. Hertz’s share price plummeted by about 20% on April 25, and was down by 55% for the year.
If all this financial carnage does not yet constitute a “bloodbath” for the U.S. EV sector, it is difficult to imagine what would. But wait: It really isn’t all that hard to imagine at all, is it? When he used that term back in March, Trump was referring not just to the ruinous Biden subsidy program, but also to plans by China to establish an EV-manufacturing beachhead in Mexico, from which it would be able to flood the U.S. market with its cheap but high-quality electric models. That would definitely cause an already disastrous domestic EV market to get even worse, wouldn’t it?
The bottom line here is that it is becoming obvious even to ardent EV fans that US consumer demand for EVs has reached a peak long before the industry and government expected it would.
It’s a bit of a perfect storm, one that rent-seeking company executives and obliging policymakers brought upon themselves. Given that this outcome was highly predictable, with so many warning that it was in fact inevitable, a reckoning from investors and corporate boards and voters will soon come due. It could become a bloodbath of its own, and perhaps it should.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
From StosselTV
The government may soon be able to shut down your car. Biden’s $1.2 trillion infrastructure bill includes a kill switch for new cars.
In an effort to reduce drunk driving, government wants devices in cars that will monitor and limit impaired driving. But there’s a big problem: these devices give government control over your car.
Automotive engineer and former vintage race car driver Lauren Fix points out the dangers in my video.
After 40+ years of reporting, I now understand the importance of limited government and personal freedom.
——————————————
Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people.
Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20.
Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, “Stossel in the Classroom.” High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year.
Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.
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