‘Ferrari' Producer Andrea Iervolino Developing Biopic About F1 Driver Bruce McLaren
On Monday, the 37-year-old entrepreneur announced that he is currently developing a biopic about the late New Zealand racer, whose time on the track was tragically cut short in 1970 when he was killed while testing a new car on the Goodwood Circuit in England. He was 32.
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Newsweek
3 hours ago
- Newsweek
Southeast Asian Country Turns Down F1 Return Over Cost Concerns
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Given the high sponsorship costs amid the increase in demand to host Formula One, Malaysia's sports minister, Hannah Yeoh, confirmed in the parliament that her country won't be bringing back F1 any time soon. Yeoh revealed that a Grand Prix would demand a financial commitment of around RM 300 million, which, in USD, as per current exchange rates, is $71 million annually, a figure that exceeds the Malaysian Government's current budget for 20 sports programs. The premier class of racing last raced in Malaysia's Sepang International Circuit (SIC) in 2017, following its debut in 1999. Another challenge for Malaysia to bring back F1 is the high demand, while the sport's calendar stays limited to 24 races a year. Malaysia continues to host MotoGP at Sepang. However, the Malaysian government remains open to hosting F1 if private companies are willing to assist financially. She said: The field waits to restart following a rain delay during the Malaysian Formula One Grand Prix at the Sepang Circuit on March 25, 2012 in Kuala Lumpur, Malaysia. The field waits to restart following a rain delay during the Malaysian Formula One Grand Prix at the Sepang Circuit on March 25, 2012 in Kuala Lumpur, Malaysia."The Formula 1 is a prestigious sports event that is followed by fans around the world. So if we could afford it, it would be good to have it in Malaysia." In the Southeast Asian region, Malaysia faces competition from China, Japan, and Singapore, which continue to host Grand Prix racing. The Thai government recently approved a bid of $1.2 billion to host an F1 street race in Bangkok. Newsweek Sports reported that a 3.54-mile street circuit is being planned that passes through the Chatuchak Park area. The inaugural race is expected to be held in 2028, marking the start of a five-year deal. The announcement arrived months after F1 CEO Stefano Domenicali met with Thailand's Prime Minister Paetongtarn Shinawatra. He said in March: "I was delighted to meet with Paetongtarn Shinawatra, the Prime Minster of Thailand, and her team today to discuss their impressive plans to host a race in Bangkok. I am looking forward to continuing our discussions in the weeks and months ahead" [sic] Paetongtarn Shinawatra said: "It is a great pleasure to welcome the team of Mr. Stefano Domenicali, CEO of F1, at Government House. We had the opportunity to discuss the opportunity of Thailand to host the Formula 1 race, which is a great sport with a worldwide following. "The government confirmed that it will study this joint investment, including the study of the race route (street circuit), the investment budget, and the value for Thailand to receive from hosting the race. All of this is not just the honor of hosting the race, but also an opportunity to develop the city structure in a major way, opening the country to welcome tourists from all over the world to Thailand, developing future industries, and Thailand's high-end service sector in a major way. "I believe that all Thai people will benefit from organizing this event, whether it is large-scale infrastructure investment, job creation, new income generation, and importing new technologies and innovations, which will elevate Thai workers to future industries and the service sector. I am confident that this project will be successful. It is another important opportunity for the country to organize a world-class event, which is expected to start competing in 2028, heading towards becoming a World's Leading Festival & Event Destination." [Translated by Google]
Miami Herald
6 hours ago
- Miami Herald
Struggling auto parts retail chain files Chapter 11 bankruptcy
The automotive auto parts aftermarket remained stable in the first half of 2025, as retail sales increased about 1% in both revenue and demand, according to market research firm Circana, Aftermarket Matters reported. But increased revenue and demand in the industry didn't prevent several auto parts chains from filing for bankruptcy. After filing for Chapter 11 bankruptcy protection in November 2024, electric vehicle battery maker Northvolt AB dismissed its U.S. case and filed for bankruptcy liquidation in Sweden in March 2025. Related: Popular Italian restaurant chain files Chapter 11 bankruptcy Also, motor vehicle parts manufacturer Hypertech Inc. and two affiliates filed for Chapter 11 bankruptcy protection on April 11, 2025, to reorganize their businesses. The Memphis, Tenn.-based company manufactures automotive performance electronics and components. In the biggest auto parts bankruptcy so far this year, global giant Marelli Holdings Co. filed for Chapter 11 bankruptcy on June 11, listing $4.9 billion in funded debt, with plans to hand the company over to its senior lenders. The debtor blamed its distress on the effects of the Covid pandemic and post-pandemic market challenges and headwinds, including supply chain challenges, labor shortages, high costs, inflation, rising prices of raw materials, and declining customer volumes. And now, longstanding car audio retail chain Car Toys Inc. as filed for Chapter 11 bankruptcy protection, seeking to sell its assets to five different buyers in four states. Car Toys filed its petition in the U.S. Bankruptcy Court for the Western District of Washington on Aug. 18, listing $10 million to $50 million in assets and liabilities in its petition. Northvolt AB, liquidation, March April Holdings, June Toys, August 2025. The debtor had about $30 million in liabilities, according to court papers. The debtor's largest unsecured creditors include Pembroke Real Estate, owed $4.2 million in lawsuit debt; Kenwood Electronics, owed over $1.27 million; and Alpine Electronics, owed over $612,000. Related: 63-year-old retailer closing all stores in Chapter 11 bankruptcy The debtor has faced financial difficulties for several years, as its car audio business, which represents 70% of the company's sales, has declined about 8% to 10% annually since 2020, according to a declaration by the debtor's Chief Restructuring Officer Philip Kaestle of Sierra Constellation Partners. "In 2021, the company experienced a strong financial year following pent-up demand coming out of the Covid-19 pandemic," Kaestle said in the declaration. "However, this success was short-lived," Kaestle said. The walls came crashing down in 2022 when Car Toys' affiliate Wireless Advocates LLC, which sold wireless phones and network service contracts, lost an exclusive partnership with Costco Wholesale Company. The dissolved partnership was a fatal blow to Wireless Advocates, as the company shut down its business in December 2022, and the shared management and overhead expenses between the two affiliates shifted to Car Toys. Wireless Advocates is currently a Chapter 7 bankruptcy liquidation debtor. Car Toys' revenue plummeted by 3.3% from $127 million in 2021 to $123 million in 2022, and by another 8.3% in 2023 to $113 million, the declaration said. As the company's revenues continued to decline in 2024, it hired restructuring advisers and laid off 140 employees. More bankruptcy: Unusual bar and restaurant chain files Chapter 7 bankruptcyMajor healthcare company files Chapter 11 bankruptcy, seeks saleHome improvement retail supplier files for Chapter 11 bankruptcy Revenue did not improve in 2025 as by July 2025, sales were down 14% year-over-year. The Seattle-based debtor is the nation's largest independent specialty car audio and mobile electronics retail chain, according to court papers, with 46 locations in four states. Texas (16)Washington (14)Colorado (10)Oregon (6) Car Toys began marketing itself for sale in March 2025 and reached purchase and sale agreements with five competitors to purchase 35 of its locations in 4 states for a combined $13.75 million in a Section 363 bankruptcy sale. Aspen Sound is seeking to purchase two Spokane, Wash., locations for $477,536, and Drive In Sound looks to purchase a Colorado Springs North location in Colorado for $533,809. Sound Distribution seeks to purchase six Colorado and nine Washington locations for $1.138 million, and partners Don Longworth and Raul Shakarov offered to buy five Oregon locations for $1.522 million. CTX Operating Co. wants to acquire 12 locations in Texas for $3.951 million. Aspen Sound, Spokane, Wash. (2), $477, In Sound Colorado Springs North, Colo. (1), $533, Distribution Colorado (6), Washington (9), $1.138 Longworth, Raul Shakarov, Oregon (5), $1.522 Operating Co., Texas (12), $3.951 million. Car Toys, which was founded by Daniel Brettler in 1982, specializes in sales of car audio, video, car alarms, remote start, car accessories, marine audio and powersports, and window tinting services. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
San Francisco Chronicle
6 hours ago
- San Francisco Chronicle
Behind 'Splitsville,' the year's funniest relationship comedy
There's only so much directing you can do when you send your lead actor, who is holding several bags of goldfish, in water, on a roller coaster with a 35 mm camera strapped to the front. You just have to trust. 'Splitsville' director and actor Michael Angelo Covino knew he could count on his friend and cowriter Kyle Marvin to deliver on the performance side for their slapstick comedy about messy relationships and messy people that opens in theaters Friday. The two also made the wildly funny friendship movie 'The Climb,' which they cowrote and co-starred in with Covino directing. 'He's like a modern-day Charlie Chaplin,' Covino said in a recent interview with The Associated Press. 'It's just all intuitive slapstick. He has it in his bones.' But there were a lot of other variables at play: Would they run out of light? Would it be as funny in execution as it was in theory? Would they regret fighting for the 35 mm camera? A lot was riding on the scene and reshoots were not in the cards. Independent films can't just go around shutting down amusement parks and mounting expensive film cameras on roller coasters whenever they want. 'It was sort of a powder keg moment on set,' Marvin said. The most stressful thing, however, was they wouldn't even know for sure that they got the shot for a few days. Something had malfunctioned with the camera, and they didn't have a digital recording. It was also the weekend, so they had to wait for the lab to process the film and send it back to them. 'I called the lab and I was like, 'Please, please don't (expletive) this up,' Covino said. How and why this brilliant, absurd sequence fits into their film, a comedy about open relationships, divorce and human mistakes, in which they star opposite Dakota Johnson and Adria Arjona, is probably better left for audiences to discover themselves. But it's the kind of comedy that Covino and Marvin specialize in. Leaning into unlikable characters The premise for 'Splitsville' arose from conversations with friends who just seemed a little too confident in their worldviews. 'Nothing is funnier than someone with a lot of confidence, because they're generally wrong in some way, shape or form,' Marvin said. 'One thing that we love is to put a character's feet on an inevitable journey and then just make it harder and harder for them.' 'Splitsville' starts with a big moment and continues escalating from there. The film begins with Arjona's character Ashley telling her husband Carey (Marvin) that she's unfaithful and wants a divorce. Distraught, he continues on to his married friends' house where he finds that Paul (Covino) and Julie (Johnson) are happily non monogamous — that is until Carey and Julie hook up. They had noticed in French and Italian films from the 70s, from the likes of Claude Sautet and Lina Wertmüller, the characters just state 'the thing,' like 'I'm in love with your fiance,' right out of the gates. 'There's a efficiency of story and character. It charges the film,' Covino said. 'We just gravitate toward movies where things happen and characters do crazy things.' This meant, in part, not being too worried about their characters being 'likable' or sending them on redemptive arcs that we might expect in a more mainstream romantic comedy. They're not out to punish the cheater. Nor are they out to make a hero out of the one who didn't. 'There's things not to like about all of them in some ways,' Covino said. 'But that's, to me, what makes them human. People do bad things, but if we can understand why there's something more there. There's humor to mine.' Adding the movie star element Unlike 'The Climb' which featured actors who weren't exactly household names, 'Splitsville' has recognizable stars in Johnson and Arjona. In the film, there are more than a few jokes made about the 'beauty gap' between the characters. They heard the same off camera too. 'There were a lot of notes about, 'How are we gonna get people to buy that these two guys are with these two women?'' Covino said with a laugh. 'We were like, 'Hey guys, we're right here. We are the guys.'' They consider themselves 'extremely lucky' that Johnson and Arjona wanted to make 'Splitsville.' Not only did they bring the characters to life in ways that they couldn't have imagined on the page, but their star quality adds something intangible as well. 'They hold the screen,' Covino said. 'Dakota can just sit there and when you fix the camera on her face, it's mesmerizing. When she's on screen, it takes a lot of the pressure off of the story and all the other things because she's so captivating. I think there's something really beautiful about that especially given what this story is trying to do with these two idiot guys who are orbiting around these women.' Not being afraid of dumb jokes Covino and Marvin didn't set out to tackle issues of relationships and marriage. If conversations emerge after the fact, that's gravy, but ultimately they have one goal: Make an entertaining film. Often times, that means not shying away from the dumb jokes. Their films are cinematic and they know all the auteurs to reference, but they're also silly and slapstick. They draw as much from Blake Edwards, Elaine May and Mike Nichols as they do from 'Dumb and Dumber' and 'Me, Myself & Irene.' In other words, they're making comedies for everyone, not just cinephiles. Occasionally they doubt themselves and worry that something is just too dumb to print. But then they remember the bit with the dog's name in 'The Jerk,' a movie they find both cinematic and one of the dumbest movies ever. 'It's a dumb joke, but there's brilliance in it,' Covino said. 'Independent film is so in flux. The more entertaining we can make these films, the like better chance all of this has.'
