Red Deer race car driver winning on 2 completely different circuits!

From Quentin Osborne at ParkerThompsonRacing.com

Contenders of the Porsche GT3 Cup Challenge across the continent gathered in Montreal this weekend as both the Canada and USA branches of the one make series participated in the Canadian Formula 1 Grand Prix event. Thirty-five cars packed the famed 4.3km Gilles Villeneuve Circuit for two races. Parker Thompson ran near the front of the field all weekend, and lead much of Race 2. The final results put him on the podium for Race 1. A twenty-nine second penalty for contacting another car during race 2 negated his third place finish and dropped him to 12th after the race conclusion.

Driving the #3 entry of SCB Racing and Porsche Center Victoria, Thompson was able to simultaneously score points in the GT3 Cup Canada series and the GT3 Cup USA series where he regularly competes with JDX Racing. With the weekend’s result he holds second place in the overall championship standings in both countries.

The top two spots in both Canada and the USA, show Thompson trailing series veteran Roman DeAngelis, winner of both of the weekend’s races. As a newcomer not only to Porsche GT3 Cup, but sports car racing as a whole, Thompson has surprised people on and off the track with his ability to adapt to the series. Qualifying results on Saturday placed him in the second position for the start of both races. When the green flag dropped, he further demonstrated the pace we have seen from him all season.

In Race 1 Saturday afternoon, Thompson held second from the race start to the fall of the checkered flag. With more than half of the race being driven under a full course caution, he never found a real opportunity to challenge the leader.

Race 2 on Sunday showed more drama. Thompson took the lead on the opening lap, and found himself engaged in a tight battle with DeAngelis. Thompson would hold his lead for 5 laps, before a mistake in the critical hairpin corner cost him two positions. In the remaining laps, Thompson was tightly engaged with American racer Riley Dickenson. The two traded places multiple times before the race was red-flagged after multiple collisions among the field back markers. Thompson was in the third position at the race end, but a virtual drive through penalty equivalent to 29 seconds was later assessed for making contact with Dickenson’s car. The final Race 2 results scored him 12th overall – 7th in the Canadian group, and 6th among competitors of the USA series.

“I’m happy with our overall pace on the track this weekend, but disappointed to be leaving points on the table. Ultimately, I made a couple of mistakes that put me in a position where we were more vulnerable to our competitors. With 35 cars in the field, all of the same spec, there is certainly going to be some tight racing. There is not much room for error. I’m so thankful for the support of SCB Racing who came together with our partners in America, JDX Racing, to make this result possible. We are having a lot of fun. This #3 SCB Racing / Porsche Center Victoria car looks fantastic with its classic livery. We’ve enjoyed playing that up. Racing is it’s best when it can put on a good show. We certainly did that this weekend!” – Parker Thompson

Thompson’s busy race season continues in two weeks’ time when he returns to Indy Pro 2000 at Road America circuit in Wisconsin. After starting this 2019 Road to Indy Championship series with a bang, dominating the opening two races, Thompson has since struggled to find a winning pace. That has been only a minor detraction from a year of racing that has otherwise been filled with great achievements. Between Porsche GT3 Cup Canada and USA, Indy Pro 2000, and the Canadian Touring Car Championship, the young Alberta native has already raced 17 times this season. In those races he has seven wins and thirteen podiums.

Related Topics:Canadian Formula 1 Grand Prix feature Parker Thompson Porsche GT3 Cup Challenge

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Automotive

Trump warns U.S. automakers: Do not raise prices in response to tariffs

Published on March 29, 2025

Todayville

MxM News

Quick Hit:

Former President Donald Trump warned automakers not to raise car prices in response to newly imposed tariffs, arguing that the move would ultimately benefit the industry by strengthening American manufacturing. However, automakers are signaling that price increases may be unavoidable.

Key Details:

Trump told auto executives on a recent call that his administration would look unfavorably on price hikes due to tariffs.
A 25% tariff on imported vehicles and parts is set to take effect on April 2, likely driving up costs for U.S. automakers.
Industry analysts predict vehicle prices could rise 11% to 12% in response, despite Trump’s insistence that tariffs will benefit American manufacturing.

Diving Deeper:

In a conference call with leading automakers earlier this month, former President Donald Trump issued a stern warning: do not use his new tariffs as an excuse to raise car prices. While Trump presented the tariffs as a boon for American manufacturing, industry leaders remain unconvinced, arguing that the financial burden will inevitably lead to higher costs for consumers.

Trump’s administration is pressing ahead with a 25% tariff on all imported vehicles and parts, set to take effect on April 2. The move is aimed at reshaping trade dynamics in the auto industry, encouraging domestic manufacturing, and reversing what Trump calls the damaging effects of President Joe Biden’s electric vehicle mandates. Despite this, automakers say that rising costs on foreign parts—which many depend on—will leave them little choice but to pass expenses onto consumers.

“You’re going to see prices going down, but going to go down specifically because they’re going to buy what we’re doing, incentivizing companies to—and even countries—companies to come into America,” Trump stated at a recent event, reinforcing his stance that the tariffs will ultimately lower costs in the long run.

However, industry insiders are pushing back, warning that a rapid shift to domestic production is unrealistic. “Tariffs, at any level, cannot be offset or absorbed,” said Ray Scott, CEO of Lear, a major automotive parts supplier. His concern reflects broader anxieties within the industry, as automakers calculate the financial strain of the tariffs. Analysts at Morgan Stanley estimate that vehicle prices could increase between 11% and 12% in the coming months as the new tariffs take effect.

Automakers have been bracing for the fallout. Detroit’s major manufacturers and industry suppliers have voiced their concerns, emphasizing that transitioning supply chains and manufacturing operations back to the U.S. will take years. Meanwhile, auto retailers have stocked up on inventory, temporarily shielding consumers from price hikes. But once that supply runs low—likely by May—the full impact of the tariffs could hit.

Within the Trump administration, inflation remains a pressing concern, though Trump himself rarely discusses it publicly. His economic team is aware of the potential for tariffs to drive up costs, yet the administration’s stance remains firm: automakers must adapt without raising prices. It remains unclear, however, what actions Trump might take should automakers defy his warning.

The auto industry isn’t alone in its concerns. Executives across multiple sectors, from oil and gas to food manufacturing, have been lobbying against major tariffs, arguing that they will inevitably result in higher prices for American consumers. While Trump has largely dismissed these warnings, some analysts suggest that public dissatisfaction with rising costs played a key role in shaping the outcome of the 2024 election.

With the tariffs set to take effect in just weeks, automakers are left grappling with a difficult reality: absorb billions in new costs or risk the ire of a White House determined to remake America’s trade policies.

Automotive

Trump announces 25% tariff on foreign automobiles as reciprocal tariffs loom

Published on March 26, 2025

Todayville

From The Center Square

By Brett Rowland

President Donald Trump announced a permanent 25% tariff on automobiles made in other countries that will go into effect on April 2.

Trump made the announcement Wednesday in the Oval Office. He also hinted that the reciprocal tariffs he plans to announce on April 2 could be more lenient, suggesting the tariffs would be less than fully reciprocal.

“What we’re going to be doing is a 25% tariff on all cars not made in the U.S.,” the president said.

Asked if any changes could avert the auto tariffs, Trump said they would be “permanent.”

“This will continue to spur growth like you haven’t seen before,” Trump said.

Trump said the tariffs will be good news for auto companies that already build products in the U.S. He also said carmakers that don’t build in the U.S. are looking to do so.

“We’re signing an executive order today that’s going to lead to tremendous growth in the automobile industry,” Trump said.

The White House said it expects the auto tariffs on cars and light-duty trucks will generate up to $100 billion in federal revenue. Trump said eventually he hopes to bring in $600 billion to $1 trillion in tariff revenue in the next year or two.

Trump also said the tariffs would lead to a manufacturing boom in the U.S., with auto companies building new plants, expanding existing plants and adding jobs.

Trump also urged House Speaker Mike Johnson to approve a measure that would allow car buyers to deduct the interest on loans for cars that are made in America. Trump said that such a plan would make cars nearly free for buyers.

“So when you get a loan to buy a car … I think it’s going to pay for itself, I don’t think there’s any cost,” he said.

Trump also said the reciprocal tariffs he plans to unveil on April 2 would be fair.

“We’re going to be very nice actually,” he said. “It’ll be, in many cases, less than the tariff they’ve been charging us for decades.”

European Commission President Ursula von der Leyen said tariffs would hurt businesses and consumers.

“I deeply regret the U.S. decision to impose tariffs on European automotive exports,” she said. “Tariffs are taxes – bad for businesses, worse for consumers, in the U.S. and the EU.”

Business groups, including the U.S. Chamber of Commerce and American Farm Bureau Federation, have urged Trump to back off tariff threats.

Trump has promised that his tariffs would shift the tax burden away from Americans and onto foreign countries, but tariffs are generally paid by the people who import the products. Those importers then have a choice: absorb the loss or pass it on to consumers through higher prices. He also promised tariffs would make America “rich as hell.” Trump has also used tariffs as a negotiating tactic to tighten border security.

Tariffs are taxes charged on imported products. The company importing the products pays the tariffs and can either try to absorb the loss or pass the additional costs on to consumers.