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Toro Rosso switches back to Ferrari F1 power for 2016

Scuderia Toro Rosso will run once again under Ferrari power next season. The "other" Italian squad (and second Red Bull team) announced the switch back to Maranello power for 2016, ending its two-year sojourn with Renault, and returning to the engine supplier it used for seven years prior. And with it, the team has also confirmed its driver lineup for next season as well. The 2016 Formula One World Championship will see both Max Verstappen and Carlos Sainz return to drive the new Toro Rosso-Ferrari STR11, maintaining the same driver lineup as this past season but under new motivation. Both drivers debuted with the team last season in a complete shakeup of its roster after Jean-Eric Vergne was shown the door and Daniil Kvyat (like Daniel Ricciardo before him) was promoted to the Red Bull Racing team. In ten seasons on the grid, the team has only landed on the podium once, and that was with Sebastian Vettel's dramatic rain-soaked race victory at Monza in 2008. The fourth-place finishes that Verstappen impressively took in Hungary and Austin this year match the team's next-best results to date. Sainz managed to finish in the points in seven out of 19 grands prix this season, including a seventh-place finish in Austin. The team finished the season in seventh place – tying its second best results to date – ahead of Sauber and McLaren, but behind Lotus and Force India. The Austrian parent company bought the team formerly known as Minardi back in 2005, hitting the grid the next season under its current name and Cosworth power. The following season it switched to Ferrari engines before joining its big brother under Renault motivation for the past season. Because of the last-minute engine swap, the team will start the season using Ferrari's 2015 power units. Faenza's switch to Ferrari supply will leave Renault powering only two teams next season: the Lotus outfit that it is now bringing back in house, and Red Bull, which will run the French automaker's engines for at least one more season – albeit branded under the TAG Heuer name. Meanwhile the Prancing Horse marque will power a total of four teams next season, including its own, Toro Rosso, Sauber, and newcomer Haas. Mercedes will power three and Honda just the one. Scuderia Toro Rosso to feature a Ferrari power unit Scuderia Toro Rosso's 2016 challenger, the STR11, will feature a Ferrari power unit. It marks a return to the company that supplied engines to the team from 2007 to 2013.

Ferrari 458 Italia becomes most expensive prize ever on Price Is Right

In case you haven't been paying attention, it's "Big Money Week" on the long-running The Price Is Right televised game show. In a nutshell, it means that more than a million dollars in cash and prizes are up for grabs for those lucky enough to "come on down," play some games and correctly guess product retail prices.
Moments after opening the show Thursday, host Drew Carey broke the unexpected news. "Today you are going to see the single-most-expensive prize in the history of the daytime Price is Right," he boasted before the curtains were pulled back to review a brand-new Ferrari 458 Italia Spider.
To win the car, the contestant had to play "Three Strikes" - blindly pulling numbers out of a bag and putting them in the correct price sequence before grabbing three dreaded red strikes. As expected, your typical The Price Is Right contestant is about as familiar with today's retail Ferrari pricing as they are with fractional jet ownership. We won't spoil the fun of whether or not a lucky contestant gets to drive the $285,716 exotic home (and pay a midsize sedan's worth of taxes), but feel free to speed ahead to about the three-minute mark on the video below to watch the reveal.

Stellantis says its 2021 performance has been better than expected

MILAN — Stellantis softened up investors ahead of its electrification strategy event on Thursday by flagging that 2021 got off to a better-than-expected start despite a chip shortage that has hit automakers worldwide. Stellantis, which was formed in January from the merger of Italian-American automaker Fiat Chrysler and France's PSA, faces an investor community keen to hear how it plans to come up with a range of electrified vehicles (EVs) to rival Tesla. At its "EV Day 2021" kicking off at 1230 GMT, Stellantis will disclose significant investments in electrification technology and connected software as it aims to be an industry frontrunner, it said in a statement. In April, Chief Executive Carlos Tavares said it would offer low-emission versions — either battery or hybrid electric — of almost all of its European models by 2025, and they should make up 70% of European sales and 35% of U.S. sales by 2030. Stellantis, the world's fourth-biggest automaker, has 14 brands in its stable, including Jeep, Ram, Opel, Fiat, Peugeot and Maserati.   Stellantis EV Day coverage: Dodge will launch the 'world's first electric muscle car' in 2024 Fully electric Ram 1500 will begin production in 2024 Jeep will have 4xe plug-in hybrid models across the lineup by 2025 Stellantis teases mystery electric Chrysler concept Stellantis previews 4 electric platforms: Here's how they'll be used Fiat says all Abarth models to be electric from 2024 Opel Manta E will be the electric revival of the classic German coupe Stellantis says its 2021 performance has been better than expected   At a similar EV strategy event last week, French rival Renault announced that 90% of its main brand models would be all-electric by 2030, whereas previously it had included hybrids in its target. Germany's Volkswagen, the world's second-biggest automaker after Toyota, expects all-electric vehicles to make up 55% of its total sales in Europe by 2030, and more than 70% of sales at its Volkswagen brand. Stellantis said its margins on adjusted operating profits in the first half of 2021 were expected to exceed an annual target of between 5.5% and 7.5%, despite production losses due to a global shortage of semiconductor supplies. Stellantis shares listed in Milan were down 2.6% at 0920 GMT, underperforming the broader European car index. Bestinver analyst Marco Opipari said Thursday's news was positive but that the stock was suffering from profit taking as it had moved up about 20% since the end of April.