1 for the road: F1 sprints into U.S.
Axios dropped the flag on Formula One weekend in Miami last night with an event featuring Dan Towriss, CEO of TWG Motorsports — manager of GM's historic Cadillac F1 team, which is joining the F1's global grid next year as the 11th team.
Why it matters: Darren Cox, founder and CEO of The Race Media, told me F1's Cadillac expansion would have been "unthinkable" just a few years ago.
What he's saying: "To have an overtly American brand launching in Miami is massive for the sport," said Cox, who joined Axios' Sara Fischer in co-hosting the event, "Miami Grand Prix: Fueling the City's Global Spotlight."
"F1 is growing exponentially," Cox added. "Not just fans — big brands are committing."
The big picture: Accelerated by Netflix's "Drive to Survive," F1 — with races in Miami, Austin and Las Vegas — is finally cracking the U.S. market after decades of effort.
"With a devoted stateside following and a genuine cultural toehold, the sport has gone far beyond simply cracking a U.S. market that former F1 boss Bernie Ecclestone had all but given up on," The Wall Street Journal reports. "In 2025, Formula One has put America squarely at the center of its business."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Trump-Musk feud: Are electric vehicles and Tesla at the heart of the breakup?
The President of the United States of America and one of the world's most influential billionaires are at odds after months of collaboration. The confrontation escalated Thursday with Elon Musk saying Trump would have lost the election without him in a post on X. President Donald Trump in turn referred to his former senior advisor as "the man who lost his mind" in a Friday morning ABC News phone interview. Republican Trump allies are now also speaking out against Musk. Musk's breakup with the administration has been public and is well-documented, with Trump and the Tesla CEO trading calculated jabs like pro boxers. The underlying reason behind the sudden intense feud is a serious cause of concern for some American car buyers. "Clean Coal" has been a popular buzzword for not one but two presidential campaigns for Donald Trump. So, Elon Musk's initial choice to stand beside a global warming skeptic as the CEO of a clean energy and automotive company was puzzling to say the least. At first, Musk's involvement with the administration was seen by many as mutually beneficial, since the CEO could potentially reap the benefits of government contracts for Tesla and SpaceX. The general public quickly soured to the idea of the eccentric CEO playing a key role in the administration. By April 8, Tesla stock had nosedived 41.50% from its January 2 share price. Tesla dealers have been attacked and vandalized while other Americans have staged peaceful protests against Musk's involvement in government and role at the Department of Government Efficiency. So, why would a guy who once wore a "Trump Was Right About Everything" hat suddenly publicly oppose his new bill? The short answer is, the two don't see eye to eye on the automotive industry's most controversial powertrain option. The One, Big, Beautiful Bill could decimate Tesla. President Donald Trump's stance and actions against EV adoption in America includes: Supporting the One, Big, Beautiful Bill, which suggests phasing out a federal EV tax credit that would benefit thousands of Tesla buyers Claiming former President Joe Biden's EV mandate "would kill 40% of the auto industry's jobs", according to Ordering the shut down of many federal electric vehicle chargers and pausing massive federal EV fleet purchases, according to Elon Musk (and Tesla's) stance and actions for EV adoption in America: Elon Musk bio says "Tesla's mission has been to accelerate the world's transition to sustainable energy" Musk claimed "the world does need electric cars" during a 60 Minutes interview and factory tour, asserting that Tesla has a crucial role in the future of EVs Tesla has collaborated with Ford, GM, Stellantis, Rivian, Volkswagen, Honda, Acura, Hyundai, Kia, Toyota and more to provide Tesla Supercharger access to EVs, making them easier to charge for American drivers Tesla stock recently plummeted in response to the feud between Trump and Musk. The President has also threatened Musk's government contracts amidst the dispute. The bill appears to be the focal point of the rift, but the two clearly have different ideas on what America's future should be. President Donald Trump and Elon Musk may have been able to join forces over their mutual stances on certain conservative points and a hatred of bureaucracy, but their White House tag team was short-lived. The One, Big, Beautiful Bill directly undermines some of the actions Musk and the Department of Government Efficiency have taken since the two united. Trump is 78 years old and expresses a desire to bring America back to a golden age of manufacturing before globalism outsourced American jobs and created a reliance on foreign trade. He also speaks about returning the country to an age where mining and drilling for fossil fuel production were prioritized over environmental concerns. Musk, on the other hand, is a 53-year-old futurist who strives to make humans a multi-planetary species and has made a fortune from innovation and technological disruption. At a glance, the issue seems to be about the One, Big, Beautiful Bill attacking Tesla's bottom line but the two polarizing figures are fundamentally different in terms of future aspirations. Based on Trump's falling out with several former members of the first Trump administration and Musk's known adversarial nature in the private sector, this could be the end for, arguably, the most fascinating duo of 2025. This article originally appeared on USA TODAY: Donald Trump vs Elon Musk: Could Tesla, EVs be at the art of the feud?
Yahoo
28 minutes ago
- Yahoo
Szokol, Ilhee Lee shoot 62s to share LPGA lead
Elizabeth Szokol birdied the first five holes and shot an eight-under 62 for a share of the first-round lead with Ilhee Lee in the LPGA Classic. Playing on Friday afternoon at Seaview's Bay Course, Szokol followed her opening birdie run with a bogey on No.6, then added birdies on Nos. 8, 9, 13 and 16. "Happy to get off to a great start and really looking forward to the weekend," Szokol said. "Lots of golf left. Really excited to see good golf and hard work paying off today." The 30-year-old American teamed with Cheyenne Knight to win the 2023 Dow Great Lakes Bay Invitational for her only tour victory. Five straight birdies to start off her week at the @ShopRiteLPGA propels Elizabeth Szokol to the top of the leaderboard 🔝🔥 — LPGA (@LPGA) June 6, 2025 Top-ranked Nelly Korda opened with a 71, and No.2 Jeeno Thitikul had a 68. Maja Stark, the US Women's Open winner Sunday at Erin Hills, shot 70. Lee birdied three straight holes three times - on Nos.3-5, 8-10 and 16-18 - and had one bogey in her morning round. The 36-year-old South Korean won the 2013 Pure Silk-Bahamas LPGA Classic for her lone tour title. "I don't have expectation," Lee said. "I just play golf. I just come out, have fun. That's all I do." Japan's Akie Iwai was third after a 65 in one of only two 54-hole tournaments left on the LPGA Tour schedule. The other is the Walmart NW Arkansas Open. "Normally four days, so I feel fast, shorter tournament," Iwai said. "That's why we must make a lot birdies." Wei-Ling Hsu was at 66 with Aline Krauter, Ayaka Furue, Polly Mack, Saki Baba, Dewi Weber and Gurleen Kaur. Robyn Choi is the leading Australian after shooting a three-under 68. In a tie for 20th, Choi had six birdies but spoilt her card with a double bogey on the second that was followed by a bogey on the par-five third - her 11th and 12th holes. One shot further behind in a tie for 34th is Karis Davidson, who had four birdies and two bogeys. Defending champion Linnea Strom shot 72.
Yahoo
34 minutes ago
- Yahoo
Mass deportations from Trump's Big, Beautiful Bill could quietly cost U.S. over $1.4 trillion
Mass deportations enabled by the Trump administration's Big, Beautiful Bill spending and tax package could cost the U.S. over $1 trillion in the coming years, as the administration is already reportedly struggling to fund its rapidly expanding immigration crackdown. The package, which the House of Representatives passed last month, directs $168 billion towards immigration and border law enforcement agencies. That spending, combined with the economic impact of removing scores of immigrants and more granular changes, like a potential decline in revenues thanks to the possible deterrent effect of new fees on migrants, could cost the U.S. over $1.4 trillion over the next decade, according to an analysis from the libertarian Cato Institute. David Bier, director of immigration studies at the Institute, argued on X on Friday that the bill is an 'absolute explosion of cash unparalleled in American history,' spending that could be better used on other public safety investments. 'The fiscal cost of mass deportation will equal the cost of all federal law enforcement spending over the next decade,' Bier wrote. 'Imagine how many rapes, murders, thefts, etc. could be solved with this money. We could have a much, much safer society spending this money on ANYTHING ELSE.' Even without the Big, Beautiful Bill, the administration is already rapidly burning through immigration funding. As of March, Immigration and Customs Enforcement was reportedly $2 billion short of maintaining its current pace of operations through the end of the fiscal year, White House Deputy Chief of Staff Stephen Miller, the architect of much of the administration's immigration agenda, has brushed off such concerns, arguing last week on X that, 'Anyone serious about limited government and improving America's financial health would understand that ending mass migration is the prerequisite for every other problem we wish to solve.' Immigration analysts aren't the only ones concerned about the fiscal impact of the reconciliation package. As part of the acrimonious split between Donald Trump and Elon Musk, the Tesla billionaire lambasted the Big, Beautiful Bill as an 'outrageous, pork-filled, disgusting abomination' that added too much spending to the federal balance sheet.
