Automotive
THOMPSON RELISHES TIGHT INDY PRO 2000 CHAMPIONSHIP BATTLE
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From Parker Thompson Racing
In a season that has seen Parker Thompson take part in races belonging to four different championship series, a tight Indy Pro 2000 presented by Cooper Tires championship battle has been a source of renewed energy and motivation. Between Indy Pro 2000, GT3 Cup Challenge, and the Canadian Touring Car Championship, the young Alberta native has competed in twenty-seven races this year. Driving the #8 car of Abel Motorsports, Thompson currently holds second place in the overall Indy Pro 2000 Championship standings. He is coming off a double-duty weekend at the Honda Indy Toronto, where he combined for three podiums and four top-five finishes in Indy Pro 2000 and GT3 Cup events.
“In terms of action on the track, this season has certainly been busier than I could have ever imagined. Maybe at some point I’ll grow tired of racing almost every weekend, but that is pretty hard to imagine when we are caught up in championship battles like this one in Indy Pro 2000. The Road to Indy is where I started my racing career, and a championship here would mean so much to me. It’s a hard fight though. There are three of us [Kirkwood, Frost and Thompson] all within five points of each other for 2nd place in the standings. And I’m sure that each of us are looking up at Lindh in that first-place position more than we are looking at each other.”
The series travels to Mid-Ohio Sports Car Course this weekend for Championship Rounds 10 & 11. The 2.25-mile track is one familiar to Thompson. He earned a win there earlier this year in GT3 Cup. Given the tight nature of the Indy Pro 2000 championship race, a win again seems like the only sure way for Thompson to improve his position in the standings. With experience at multiple levels on the Road to Indy though, Thompson takes a slightly different stance.
“Of course winning is always the objective, but this is a long season that often rewards consistency. After winning the first two races in St. Petersburg, I’ve been reminded often how important that consistency is. With Abel Motorsports, we’ve made a lot of headway this year. One single performance isn’t going to earn us the title. If our group can continue in the direction that we’ve been headed over the last couple of weekends though, then I’m very excited about our chances.”
Event Schedule
Cooper Tires Indy Pro 2000 Grand Prix of Mid-Ohio – Rounds 10 & 11
16:15 – 16:35 EST Qualifying 1July 27, 2019
09:10 – 09:30 EST Qualifying 2
17:00 – 17:40 EST Race1
July 28, 2019
10:00 – 10:50 EST Race 2
Follow along live with RoadToIndyTV or on IndyPro2000.com
About Parker Thompson
Red Deer, Alberta native Parker Thompson is regarded as one of Canada’s premiere racing drivers. He started racing karts at age 8 and his natural talent and competitive drive quickly elevated him to international level competitions. By age 13 he was ranked 3rd in the world in Rotax Max karts. Now 21 years old, Parker continues his successful career racing on the Road to Indy, and in multiple sports car series.
Automotive
Nissan, Honda scrap $60B merger talks amid growing tensions
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Quick Hit:
Nissan is reportedly abandoning merger talks with Honda, scrapping a $60 billion deal that would have created the world’s third-largest automaker. The collapse raises questions about Nissan’s turnaround strategy as it faces challenges from electric vehicle competitors and potential U.S. tariffs.
Key Details:
- Nissan shares dropped over 4% following the news, while Honda’s stock surged more than 8%, signaling investor relief.
- Honda reportedly proposed making Nissan a subsidiary, a move Nissan rejected as it was initially framed as a merger of equals.
- Nissan is struggling with financial challenges and the transition to EVs, still reeling from the 2018 scandal involving former chairman Carlos Ghosn.
Diving Deeper:
Merger talks between Nissan and Honda have collapsed, according to sources, after months of negotiations to form an auto giant capable of competing with Chinese EV makers like BYD. The proposed deal, valued at over $60 billion, would have created the world’s third-largest automaker. However, differences in strategy and control ultimately derailed the discussions.
Reports indicate that Honda, Japan’s second-largest automaker, wanted Nissan to become a subsidiary rather than an equal merger partner. Nissan balked at the idea, leading to the collapse of negotiations. Honda’s market valuation of approximately $51.9 billion dwarfs Nissan’s, which may have fueled concerns about control. The failure of talks sent Nissan’s stock tumbling more than 4% in Tokyo, while Honda’s shares rose over 8%, reflecting investor confidence in Honda’s independent strategy.
Nissan, already in the midst of a turnaround plan involving 9,000 job cuts and a 20% reduction in global capacity, now faces mounting pressure to restructure on its own. Analysts warn that the failed merger raises uncertainty about Nissan’s ability to compete in an industry rapidly shifting toward EVs. “Investors may get concerned about Nissan’s future [and] turnaround,” Morningstar analyst Vincent Sun said.
Complicating matters further, Nissan faces heightened risks from U.S. tariffs under President Donald Trump’s trade policies. Potential tariffs on vehicles manufactured in Mexico could hit Nissan harder than competitors like Honda and Toyota. The stalled deal also impacts Nissan’s existing alliance with Renault, which had expressed openness to the merger. Renault holds a 36% stake in Nissan, including 18.7% through a French trust.
While both Nissan and Honda have stated they will finalize a direction by mid-February, the collapse of this deal signals deep divisions in Japan’s auto industry. With Nissan’s financial struggles and the growing dominance of Chinese EV makers, the company must now navigate an increasingly challenging market without external support.
Automotive
Trudeau must repeal the EV mandate
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Last Monday, Transport Canada released a bombshell statement, announcing that the Trudeau government’s program granting a $5,000 rebate to Canadians purchasing an Electric Vehicle (EV) had run out of money and would be discontinued, “effective immediately.” This followed a prior announcement from the government of Quebec that they would be suspending their own subsidy, which had amounted to $7,000 per EV purchased.
This is, of course, a game changer for an industry which the Trudeau government (as well as the Ford government in Ontario) has invested billions of taxpayer dollars in. That’s because, no matter the country, the EV industry is utterly dependent upon a system of carrots and sticks from the government, in the form of subsidies and mandates.
EVs have remained notably more expensive than traditional Internal Combustion Engine (ICE) vehicles, even with those government incentive programs. Without them the purchase of EVs becomes impossible for all but the wealthiest Canadians.
Which is fine. Let the rich people have their toys, if they want them. Though if they justify the expense by saying that they’re saving the planet by it, I may be tempted to deflate them a bit by pointing out that EVs are in no way appreciably better for the environment than ICE vehicles, how all the lithium, nickel, cobalt, manganese, aluminum, copper, etc, contained in just one single EV battery requires displacing about 500,000 lbs of earth. Mining these materials often takes place in poorer countries with substandard environmental regulations.
Moreover, the weight of those batteries means that EVs burn through tires more quickly than gas-and-diesel driven vehicles, and wear down roads faster as well, which among other issues leads to an increase in particulate matter in the air, what in the old days we referred to as “pollution.”
That is a potential issue, but one that is mitigated by the fact that EVs make up a small minority of cars on the road. Regular people have proved unwilling to drive them, and that will be even more true now that the consumer subsidies have disappeared.
Of course, it will be an issue if the Trudeau Liberals get their way. You see, Electric Vehicles are one of the main arenas in their ongoing battle with reality. And so even with the end of their consumer subsidies, they remain committed to their mandates requiring every new vehicle purchased in Canada to be electric by 2035, now just a decade away!
They’ve done away with the carrots, and they’re hoping to keep this plan moving with sticks alone.
This is, in a word, madness.
As I’ve said before, the Electric Vehicle mandate is a terrible policy, and one which should be repealed immediately. Canada is about the worst place to attempt this particular experiment with social engineering. It is famously cold, and EVs are famously bad in the cold, charging much slower in frigid temperatures and struggling to hold a charge. Which itself is a major issue, because our country is also enormous and spread out, meaning that most Canadians have to do a great deal of driving to get from “Point A” to “Point B.”
Canada is sorely lacking in the infrastructure which would be required to keep EVs on the road. We currently have less than 30,000 public charging stations nationwide, which is more than 400,000 short of Natural Resources Canada’s projection of what we will need to support the mandated total EV transition.
Our electrical grid is already stressed, without the addition of tens of millions of battery powered vehicles being plugged in every night over a very short time. And of course, irony of ironies, this transition is supposed to take place while our activist government is pushing us on to less reliable energy sources, like wind and solar!
Plus, as I’ve pointed out before, the economic case for EVs, such as it was, has been completely upended by the recent U.S. election. Donald Trump’s victory means that our neighbors to the south are in no immediate danger of being forced to ditch gas-and-diesel driven cars. Consequently, the pitch by the Trudeau and Ford governments that Canada was putting itself at the center of an evolving auto market has fallen flat. In reality, they’ve shackled us to a corpse.
So on behalf of my fellow Canadians I say, “Thank you,” to the government for no longer burning our tax dollars on this particular subsidy. But that isn’t even half the battle. It must be followed through with an even bigger next step.
They must repeal the EV mandate.
Dan McTeague is President of Canadians for Affordable Energy.
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