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Show posts MenuQuote[font="Source Sans Pro", sans-serif]Matt Payne is contracted to Grove Racing until the end of 2027, but that has not stopped General Motors from mounting a sustained campaign to lure one of Supercars' most exciting young talents away from the Ford fold.[/font]
[font="Source Sans Pro", sans-serif]The question was put directly to Brenton Grove at a media conference at Taupo at the weekend, with the co-owner of Grove Racing confirming Payne's contract runs through to the end of the 2027 season.[/font]
QuoteHow the deal is structured
Under the agreement, Stonepeak will acquire a majority controlling interest in Castrol from BP, which has owned the brand for more than two decades.
BP will retain a 35% minority stake, while Canada Pension Plan Investment Board (CPP Investments) will invest up to $1.05bn (€891mn), giving it an indirect holding in the company.
Castrol is one of the largest lubricant producers in the world, supplying engine oils, industrial fluids and greases to customers in around 150 countries.
Its products are used across consumer automotive markets as well as heavy industry, manufacturing and energy systems.
Though best known for motor oils, Castrol has also supplied lubricants for aviation, space missions and professional motorsport, and is increasingly positioning itself for growth in electric vehicles and data-intensive infrastructure.
Quote"A fire ripped through our facilities, destroying absolutely everything – our product factory, our stock warehouse, and our race team.
"The heat was so intense it melted solid gearbox casings, reduced entire engines to warped molten metal, and left nothing but ash and twisted steel of the buildings. Years of work, equipment, and investment were destroyed in a matter of hours. All tools, spare parts and components have been lost."
That included the Power Maxed Vauxhall Astra race cars,
QuoteMeanwhile, Peter Xiberras has confirmed that he has yet to settle on a manufacturer for 2026 but hopes to make a decision before the next round of the championship.
PremiAirs Peter Xiberras and recently appointed CEO Gwyn Dolphin are still thinking about which brand they will run beyond 2025.
The PremiAir Racing boss remains one of the key wildcards in the ongoing manufacturer shake-up. Despite running Chevrolet Camaros and being heavily invested in GM-aligned race car programs, Xiberras is understood to be genuinely conflicted about his next move.
Reports suggest he is weighing up a switch to Ford and retaining his alignment with Triple Eight or doubling down on his existing GM relationship. Both camps are reportedly pushing hard, and Xiberras will meet with new Supercars Program Manager for General Motors, Simon McNamara, for the first time tomorrow.
Quote from: Trevor on March 01, 2025, 01:28:22 PMif you want a s.h.i.t. leader just look to the USA right now
Quote from: stevo qld on March 01, 2025, 02:59:46 PMTrevor, I do not like Trump and would never vote for him, but I will also never be in his electorate, so that is a moot point.
But I have noticed, for many years, that the USA is effectively insolvent and has to raise their loan limit again and again. There are a lot of poor or disadvantaged USA citizens who see successive governments chucking aid to a lot of overseas countries, like Germany, instead of helping them at home, with their medical, housing and food needs.
The chattering classes whine, moan and criticize Trump endlessly for many years.
But funny thing: When USA citizens entered the privacy of the polling booth, Trump got the most votes at the most recent election.
QuoteBrown is embarking on the first of three Toyota Formula Regional Oceania Championship appearances this weekend at Taupo International Motorsport Park.
The driver's first open-wheel outing in six years hit an early snag when his own helmet, which he tested with on Thursday, was deemed an incorrect specification for the class.
Brown subsequently hit the track in Friday morning's opening practice wearing a lid borrowed from Lawson, who is also set to make an appearance at the event this weekend.
QuoteCars currently eligible for Super3 – the Car of the Future-specification Holden Commodore VF, Ford Falcon FG X and Nissan Altima – will from 2025 be allowed to compete in Super2.
QuoteGerman automotive brands Recaro and BBS have both filed for bankruptcy in the same week, showing times are tough even for well-known suppliers.
Recaro has filed for insolvency with the Local Court of Esslingen, following "significant financial difficulties due to extreme price increases in recent crisis years and the loss of a major contract".
QuoteBBS – the only wheel supplier for Formula One and another producer for new car manufacturers – also entered administration in Germany this week, with Motor1 reporting the firm filed for insolvency with the Rottweil Local Court.
QuoteTech billionaire Elon Musk has pledged his support to former US President Donald Trump.
Mr Musk has pledged to donate to a super PAC that supports Donald Trump $US45 million a month, leading up to the election.
The tech billionaire had formally endorsed the former US President after an attempted assassination on Mr. Trump's life.
QuoteRace driver's bankruptcy led to 'medley' of drug abuse a former V8 Supercars driver and nightclub owner has been released from court on a suspended sentence for drug possession after a more serious trafficking charge was dropped.https://www.brisbanetimes.com.au/national/queensland/race-drivers-bankruptcy-led-to-medley-of-drug-abuse-20240709-p5jsa7.html
Wayne Jason Wakefield, 53, pleaded guilty in the Brisbane Supreme Court on Tuesday to a string of charges relating to two police raids on his homes within a year starting in May 2020.
...
sentenced Wakefield to 15 months' imprisonment to be immediately suspended for a period of 15 months.
Wakefield said he felt "good" as he left the court building.
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