Max Verstappen reveals how he’s adapting his driving model to go well with the 2022 vehicles

Max Verstappen has revealed how he wants to adapt his driving style for the cars of 2022. After trying out the first prototypes in Red Bull’s simulator, Verstappen is of the opinion that the new cars differ significantly from the outgoing generation of vehicles.

In an interview with team sponsor CarNext, the Dutchman said:

“The tires will look completely different with 18-inch (rims); The tires also react differently, so I have to adapt my driving behavior to this. ”“ It feels a bit sharper, the reaction of the tires and just the general traction that you get out of the corners feels a little different. So I’m curious to see how it feels in real life. ”“ Everyone always says, ‘How is your driving style?’ Well I don’t think I really have one, it’s just that you adapt to the situation. This is your driving style, because when the car is understeer you have to adjust to the understeer. If the car oversteers, you have to be prepared for it. So you can’t say, ‘That’s my driving style and that’s how I’ll drive.’ ”“ That’s impossible because sometimes it just doesn’t work with the material you have. I think adjusting at the end of the day is key. ”How it started ↔️ how it goes

It took a few days for what happened last Sunday to take effect. Many thanks to everyone for the support and the lovely news 🙏

How it started ↔️ how it works It took a few days to take in what happened last Sunday. Many thanks to everyone for the support and the lovely news 🙏 https://t.co/i2kplMU4NY

Max Verstappen will return to Formula 1 in 2022 sporty number 1 on his Red Bull to try to defend his F1 title. However, the young Dutchman could face tougher competition from rival Lewis Hamilton who is aiming for a record-breaking eighth World Cup.

Meanwhile a possible resurgence of midfield teams McLaren, Ferrari and even Aston Martin could jeopardize the title hopes of Max Verstappen and Lewis Hamilton.

Max Verstappen hopes 2022 cars will be able to follow more easily, as promised

For years, F1 has been criticized for going in the wrong direction and creating “qualifying cars” that could not follow one another in “dirty air”. To tackle the problem the 2022 season will show brand new cars that are the result of extensive technical regulations aimed at Improve wheel-to-wheel racing.

The reigning world champion Max Verstappen hopes that the work of the F1 specialist department in developing the new regulations will pay off.

Despite his preference for the “downforce giants” of the current generation, Max Verstappen wants the new cars to be able to follow one another closely. In an interview with team sponsor CarNext, the Red Bull driver said:

“I like the current cars in terms of speed because it’s really impressive how much grip you have. So the new cars will definitely be a few seconds slower. ”“ But that with the idea of ​​having better races that you can follow a little more closely, that’s what they want. Because at the moment, when you are close, you will be greatly disturbed by the vehicle in front. “” I hope that happens. “

After yesterday’s tweet about the 2022 rule.
This is what the underside of the car looks like
A small diffuser and a flat bottom are replaced by larger venturi tunnels. This is (incorrectly) called the floor effect like it was in the 80s (+ no skirts)
Bargeboards & the Y250 front wing replaced

According to yesterday’s tweet on Rule 2022. This is what the underside of the car will look likeA small diffuser and flat floor will be replaced with larger Venturi tunnels. This is (incorrectly) called floor effect as it was in the 80s (+ no aprons) replacing bargeboards & the Y250 front wing https://t.co/AIfn7AROBC

While the new regulations aim to improve the “racing spectacle” over time, many have raised concerns that the new regulations could damage racing in the short term.

The narrow performance gaps between teams across the grid meant that the 2021 season was one of the most competitive championships in F1 history, but the new regulations could potentially split the field even further.

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Chinese language shoppers decide favourite electrical automobiles from China, US, Germany

Stephan Wollenstein, CEO of Volkswagen China, will present the new ID.6 Crozz electric car at the Shanghai International Automobile Industry Exhibition on April 19, 2021.

Hector Retamal | AFP | Getty Images

BEIJING – When it comes to their favorite electric car brand, Chinese consumers’ first choice is Warren Buffett WORLD, according to a survey by Bernstein.

Elon Musks Tesla Germany is in second and third place Volkswagensaid Bernstein. The company cited the latest results from a regular survey of Chinese consumers in the third quarter of recent years. This year’s survey, released on Thursday, had around 1,600 respondents.

Most of the respondents lived in China’s larger cities, with an average age of 32 and a monthly income of about 19,000 yuan (2,969), according to the research company.

Almost half of those surveyed said they would consider buying an electric vehicle for their next car purchase.

Intention to buy an electric car from a Chinese start-up like Nio or Xpeng doubled this year to around 9.5% of those surveyed, compared to around 5% in recent years.

Read more about electric vehicles from CNBC Pro

Chinese startups ranked first in the “Upper Mass & Premium” segment of the electric car market, which covers cars costing at least 150,000 yuan ($ 23,437). The next favorite in this segment was Tesla, followed by German premium brands like BMW and Audi, according to the survey.

But for cars of all categories, German premium brands ranked first, followed by Japanese brands Toyota, Honda and Nissan, and Chinese brands like BYD and Geely, the report said. Start-ups with electric cars took sixth place in this category.

China is the largest auto market in the world and many European auto companies make up the country Starting point for their foray into electric vehicles.

three faculty mates constructed a $1 billion enterprise promoting used vehicles

Aaron Tan is on the way.

As a co-founder of a newly crowned unicorn and one of the Asia-Pacific fastest growing startups, the Carro CEO is now on the way to being listed on the stock exchange.

And with investors like Softbank coming on board, he has no plans to slow down.

“The question is, now that we’re down to $ 1 billion, how do we get to $ 10 billion? How do we get to $ 100 billion?” Tan told CNBC Make It.

I wouldn’t say I got my co-founders to start the company together …

Aaron Tan

Co-Founder and CEO, Carro

automobile – a play on the words “Autoheld” – is a Southeast Asian online car marketplace that was developed to simplify auto business with artificial intelligence.

Founded in 2015 by Tan and his college friends Aditya Lesmana and Kelvin Chng, it achieved the coveted $ 1 billion unicorn status in June after securing $ 360 million in funding. The deal brings the total capital to over half a billion dollars and brings Carro alongside major competitors such as Carsome from Malaysia and Germany Carmudi, in an industry that is worth it $ 50 billion, and the number is rising.

But as Tan explained, it was a journey there.

Driven to success

The 36-year-old’s entrepreneurial story began at the age of 13. As a teenager growing up in Singapore, the geek made extra money building and selling websites.

Later, however, while working as a venture capitalist in the United States, he saw the opportunity to combine entrepreneurship with his true passion: trading automobiles.

Aaron Tan, Co-Founder and CEO of Southeast Asian auto marketplace Carro.

automobile

“When I was a VC in the USA for many years, I remember very well, I met all kinds of automotive companies – your Beepi, your Uber, your DriveShift. What that showed me was the dynamics in the room, ”said Tan.

While the auto resale market was thriving in the US, it was not in Southeast Asia. It was known to be opaque as multiple middlemen made it difficult for buyers and sellers to get the best deals.

What we saw was the changing behavior of car ownership.

Aaron Tan

Co-Founder and CEO, Carro

Tan wanted to change that. When he returned to Singapore in 2015, he teamed up with his classmates from the Carnegie Mellon School of Computer Science to come up with an algorithm that would do just that.

“I wouldn’t say I got my co-founders to jointly start the company, but I think I sold the opportunity that this could be a lot more interesting than anything they did,” Tan said.

Enter a fast-moving market

The trio was on to something. In a region with a large and growing, digitally savvy middle class, price-conscious consumers are increasingly opting for used models.

“The growing middle class combined with low car ownership rates in Southeast Asia were really the main factors stimulating new car sales and this ultimately resulted in a buoyant used car market,” Justinas Liuima, senior research consultant at Euromonitor, told CNBC Do It.

Carro car marketplace launched Singapore’s first car subscription service in 2019.

CNBC

Carro took advantage of this demand and in the following years launched its online offer for private individuals and wholesalers in Indonesia, Thailand and Malaysia. In the meantime, end-to-end financial services like lending, insurance, and aftercare have been added.

By 2019, inspired by streaming giants Netflix and Spotify, the company launched Singapore’s first car subscription service that allows users to lease a vehicle for a monthly fee, including taxes, warranty and maintenance.

“What we saw was the changing behavior of car ownership. The niche really was to find people who want that flexibility. And more importantly, they actually want to try new cars,” Tan said.

Navigating the pandemic

Then, in 2020, the pandemic struck. But what was a big hurdle for many start-ups turned out to be an opportunity for Tan and his team.

Concerns about hygiene and personal safety led to a new demand for private transportation. And with closed borders and a global scarcity of microchips restricting auto production, used car sales soared.

Covid has definitely contributed to accelerating our entire digitization internally and externally.

Aaron Tan

Co-Founder and CEO, Carro

“Covid has definitely helped to accelerate all of our digitization internally and externally for the general public,” said Tan.

The company’s various initiatives included a contactless “Showroom Anywhere” concept that enabled prospective buyers to view and test cars without direct human interaction. Instead, they could access the vehicle in a public parking lot by entering a contactless QR code.

From March 2021, Carro had sales of $ 300 million – 2.5 times higher than last year. The six-year-old start-up says it is now profitable.

The path to an IPO

However, this growth comes against the backdrop of increasing scrutiny of the auto industry.

Transportation makes up almost a quarter (24%) of the global CO2 emissions, of which 75% make up road vehicles. And even if governments and automakers make plans to abandon traditional internal combustion engine cars with electric vehicles, many existing gas guzzlers are simple exported to developing markets.

For his part, Carro said it played an important role in the transition to more environmentally friendly modes of transport.

Carro says it is helping the transition to greener modes of transportation by allowing buyers to test new cars such as electric vehicles.

automobile

“Our job is to enable this recycling or reuse of the vehicles in the shortest possible time. And the second part of it is that [electric vehicles are] a strong tailwind for us, because that promotes change. For a platform like us, we strive whenever the market changes, “said Tan.

Sustainability will be one of the many things on Tan’s agenda as he sets out to get his company public within the next 18 to 24 months. With regional expansion, AI developments and acquisitions, one thing is certain – it will be an eventful trip.

“Between now and then [we need to] Prepare the company, controls must be in place, people must be in place, compliance must be in place, “said Tan months from now.”

Do not miss: How this 32-year-old couple is putting the multi-billion dollar fashion rental industry in order

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Feds say Milton man exported used automobiles to maneuver soiled cash out of US

MILTON – Federal prosecutors charged a Milton man after they said he helped scammers get their money from US banks to overseas accounts after they stabbed him with a guilty scammer.

Augustine Osemwegie, 53, of Milton, was charged last week on a single charge of conspiracy to commit bank and wire transfer fraud. Federal agents also searched his home on Thacher Street, according to court records.

Osemwegie used its used car dealer in Fall River to Ejad car salesto transfer money from lovesickness, unemployment, and other scams into cash or assets outside of the United States, FBI Agent Michael Livingood wrote on an affidavit.

He bought used cars with money fraudulently obtained by others and then sent the used cars to Nigeria where they were sold. He then paid out most of the proceeds to the original scammers, minus a 10 percent fee, Livingood wrote.

More:Read FBI Agent Michael Livingood’s investigation

The cash-for-car program enabled Osemwegie’s co-conspirators, all but one unidentified, “to evade the banking system’s detection and regulation of their money transfers,” wrote Livingood.

The FBI began stabbing Osemwegie last summer after an unnamed scammer named “CW-1” pleaded guilty to conspiracy to commit mail and wire fraud and agreed to work with prosecutors in the summer of 2020. used the services of Osemwegie to “transfer a portion of the proceeds from the Massachusetts frauds to Nigeria,” wrote Livingood.

“There was a network of co-conspirators in Nigeria to whom CW-1 provided US bank accounts that could be used to raise fraud proceeds,” wrote Livingood. “CW-1 generally charged a fee of 15 percent of the total amount deposited into an account it controlled.”

March 28, 2021:Four residents of the canton have taken on roles in romances, with unemployment fraud grossing $ 4 million

Fraudsters used Osemwegie’s services because they could quickly convert cash in America into money in Nigerian bank accounts. He sent the used cars to Nigeria, where the dealers paid him in the local currency, and then gave everything but his share to the fraudsters, wrote Livingood.

On Tuesday, Osemwegie was released with a $ 250,000 bond backed by a property in Mattapan he owns. According to court records, he is prohibited from participating in car sales until his trial is complete.

According to the Small Business Administration, Osemwegie also received two paycheck protection program grants during the pandemic. one in May 2020 for $ 7,302 and an in March 2021 for $ 4,273.

From cash to cars and back again

It is not illegal to buy used cars in America and then export them, nor is it illegal to send goods such as cars to another country for money transfer. It is known as the “informal value transfer system” and is regulated at the state and federal levels, Livingood wrote.

June 22, 2021:Canton woman advocates participating in romance scams that brought in $ 1.3 million

These regulations include registration with the Financial crime enforcement network and reporting suspected money laundering. Neither Osemwegie nor Ejad car sales were federally registered. Massachusetts also regulates overseas transactions and requires practitioners to be “licensed money transmitters,” wrote Livingood. Oswemwegie was not registered in Massachusetts.

Between October 2018 and August 13, 2021, Ejad Auto Sales and Osemwegie exported 218 vehicles valued at $ 1.3 million to Africa, Livingood wrote. No money was ever reported as the proceeds from the sale of these vehicles.

Hyde Park scammers plead guilty

Five months after the stab operation in Augustine Osemwegie, the FBI arrested Macpherson Osemwegie, 32, from Hyde Park and charged him with bank and wire transfer fraud conspiracies run a series of love and unemployment frauds. They found he had two money orders for $ 1,000 in Ejad Auto Sales account, Livingood wrote.

July 27, 2021:Macpherson Osemwegie signs plea for bank and wire transfer fraud conspiracy

Macpherson Osemwegie

On Wednesday, Macpherson Osemwegie pleaded guilty to single charges of bank and wire transfer fraud conspiracy after signing a plea deal in July. His co-conspirators were Osakpamwan Omoruyi, 36, and Osaretin Omoruyi, 34, both cantons. They were charged in one case of conspiracy with bank and wire transfer fraud, in three cases with wire transfer fraud and in two cases with money laundering. Both men are Nigerian nationals. Your cases continue.

02/28/2021:Romance Scam: Former Randolph man arrested for $ 1.7 million fraud

As part of the plea, Macpherson Osemwegie agreed to forfeit $ 690,000.

Check out our previous coverage of federal romance and unemployment and embezzlement cases

July 27, 2021:Two cantons accused, accused of love fraud

June 28, 2021:Canton woman sentenced to six years in prison after stealing $ 1.4 million from nonprofits

June 22, 2021:Canton woman advocates participating in romance scams that brought in $ 1.3 million

March 28, 2021:Four residents of the canton have taken on roles in romances, with unemployment fraud grossing $ 4 million

02/28/2021:Romance Scam: Former Randolph man arrested for $ 1.7 million fraud

Many thanks to our subscribers who make this reporting possible. If you are not a subscriber, please consider supporting quality local journalism with a Patriot Ledger subscription.

Reach reporter Wheeler Cowperthwaite at wcowperthwaite@patriotledger.com.

electrical vehicles face rising battery lithium nickel cobalt prices

A GM employee poses with an example of the company’s next generation lithium metal batteries at the GM Chemical and Materials Systems Lab in Warren, Michigan on September 9, 2020.

Steve Fecht | General Motors | Handout | via Reuters

BEIJING – Growing demand for electric car batteries will drive up prices for key materials, Goldman Sachs analysts said in a March 18 release.

This, in turn, will increase battery prices by about 18%, which will affect the overall bottom line of electric car manufacturers, as the battery accounts for about 20% to 40% of vehicle costs, according to Goldman analysts.

While the report did not set specific price targets for the commodities, the analyst model forecast that a return to historical highs would more than double lithium costs for electric battery manufacturers. That of cobalt would also double, while the cost of nickel would increase by 60%.

A new type of battery

The limited availability of nickel, which is suitable for car batteries, could even accelerate the switch to a different type of battery called lithium iron phosphate (LFP), the report said. Tesla and Chinese start-up Xpeng are among the automakers already using this type of battery that doesn’t use nickel or cobalt but stores relatively less energy.

If nickel prices hit their all-time high of $ 50,000 per tonne, it could add $ 1,250 to $ 1,500 per electric vehicle, which could hurt consumer demand for cars, analysts said.

Ultimately, the growth of the electric car industry and the demand for battery materials depends on how many vehicles people buy. The tipping point for consumers to switch from gas-powered vehicles to electric cars is generally expected when battery costs are down enough.

That shift could take place in the next decade. Goldman predicts that battery costs will fall below internal combustion engines in 2030.

1930 Colonial-Type Mansion, With Parking for 150 Vehicles, Lists in Connecticut for $6.7 Million

This Connecticut villa has hit the market.

ALAN BARRY PHOTOGRAPHY

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A nearly one-hundred-year-old Georgian colonial mansion on eight acres in Connecticut was listed for $ 6.7 million this week.

The home has nine bedrooms and 13 bathrooms and is nearly 18,000 square feet. There is a basketball court, a pool and an English garden on the premises. The property is located in the city of New Canaan, about an hour’s drive from New York City, according to listing agents Cliff Smith and Todd David Miller of The Agency, a Los Angeles-based broker expanding its presence to the northeast.

More: The historic 1920s property on Miami’s Star Island is selling for $ 39 million

The house, built in 1930, has since been expanded and updated. For example, the chef’s kitchen and master bathroom suite were recently completely renovated, said Mr Smith.

“This is for the New York buyer who wants a classic home with all the modern conveniences,” stated Miller.

The main reception areas contain authentic details. These include a large room with oversized windows and exposed beams, a wood-paneled bar and lounge with an arched door, a formal dining room, and a game room.

From Penta: A nearly 64-carat diamond Cartier bracelet could fetch HK $ 40 million at Sotheby’s

The house is asking for $ 6.7 million.

ALAN BARRY PHOTOGRAPHY

A family room is off the kitchen and there is a spacious terrace for al fresco dining. There’s also a solarium with a fireplace, nicknamed the “canopy room,” because it’s like sitting in the trees, Mr. Smith explained.

The master bedroom suite has two walk-in closets and dressing rooms, as well as a recently renovated bathroom.

Additional features include an office with built-in bookshelves, a gym, a terrace, well-tended grounds and lawns, and a poolside cabana. A separate two bedroom cottage is also on the property.

The mansion offers complete privacy and “the grounds are great,” he said.

Long before the restrictions caused by the Covid 19 pandemic, parties with up to 400 guests were held on the property. As a result, support structures were installed under part of the property to allow parking of an additional 150 cars, Mr. Smith noted.

The house was last traded for $ 2.5 million in 1996. The seller did not immediately return requests for comments.

This article originally appeared on Mansion Global.

U.S. Information Publicizes the 2021 Greatest Vehicles for the Cash

WASHINGTON, February 9, 2021 / PRNewswire / – US News & World Report, the global authority on rankings and consumer advice, today announced the 2021 Best Cars for the Money Awards. Covering 11 automotive categories, the awards spotlight cars, SUVs and minivans that represent the best combination of long-term value and great owner experience.

“When it comes to car purchases, value is about more than low price,” he said Jamie Page Deaton, Editor-in-Chief of US News Best Cars. “Buying the cheapest car on the property can result in buyers having high running costs and a vehicle that doesn’t necessarily fit their needs. Best-for-the-money award winners have strong value propositions in the dealership and on the road. They are all a joy to own too, with the performance, comfort, and features buyers appreciate. “

Toyota won the most awards this year with four. Kia and Honda each earned three and Hyundai one. The Kia Forte, Toyota RAV4 Hybrid and Toyota Corolla Hybrid have each received their awards for the second year in a row, while the Kia Soul and Sorento have now won five years in a row. The Honda CR-V has also won five years in a row, and the Toyota Corolla has a four-year winning streak. The Honda Passport and the Hyundai Accent are both first-time winners.

methodology
Within each class, the winner has the best combination of quality and value. We measured quality based on a car’s total score in the US News Best Car Rankings. The overall rating is based on safety and reliability data, as well as the collective opinion of the automotive press about the performance and interior of a particular model, and how strongly each reviewer recommends the car. We measured the value by looking at each model’s real-time transaction prices provided by TrueCarand five year total cost of ownership calculated by Vincentric.

About US News Best Cars

Since 2007, US News Best Cars, the US News & World Report’s auto channel, has published a ranking of the most new vehicles sold in America. Every year US News also publishes the Best Cars Awards, including Best vehicle brands, Best cars for the money and Best cars for families. US News Best Cars supports and advises car buyers throughout the car buying journey Explore cars, Find cars for sale near you and get the best price on auto insurance. US News Best Cars had more than 73 million visitors last year, with the majority actively searching for a car. More than 70% of active buyers said US news influenced their car purchase decisions. They trust that our advice is unbiased and that they would recommend our website to others.

Via US News & World Report
US News & World Report leads the world in quality rankings that enable people to make better, more informed decisions about important issues that affect their lives. A digital news and information company with a focus on education, health, money, travel, cars, and news. USNews.com offers consumer advice, rankings and analysis to help people make complex decisions at all stages of life. More than 40 million people visit USNews.com every month for research and guidance. US News was founded in 1933 and is headquartered in Washington, DC

Source US News & World Report

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