Motor Sports

4/17/2024 |  MotoGP racing for new momentum in America, with hopes of riding an F1-like surge into the future (Associated Press (AP)) AUSTIN, Texas (AP) — A new American team with ties to the NASCAR stock car series, a new television deal in the United States and upcoming American ownership.
MotoGP, global motorcycle racing’s version of Formula 1, looks primed for a bid to copy F1’s explosive growth in recent years and bring a new group of fans — notably from the U.S. — to the thrills of two-wheeled speed. 

4/16/2024 |  Massimo Group Reports Fiscal Year 2023 Financial Results (SGB UPDATE) Massimo Group, the manufacturer and distributor of powersports vehicles and pontoon boats, reported its financial and operational results for the fourth quarter and fiscal year that ended December 31, 2023.
Fourth Quarter and 2024 Operational Highlights
Closed a $5.85 million IPO listing on the Nasdaq Capital Market under the “MAMO” symbol.
Q4 2023 revenues were up 58.5 percent to $39.6 million from $25.0 million in Q4 2022.
FY 2023 revenues increased 32.9 percent to $115.0 million from $86.5 million in FY 2022.
FY 2023 gross profit increased 61.7 percent to $35.9 million from $22.2 million in FY 2022.
FY 2023 gross margin grew 550 basis points to 31.2 percent compared to 25.7 percent in FY 2022.
FY 2023 net income increased 150 percent to $10.4 million from $4.2 million in FY 2022. Massimo Group, the manufacturer and distributor of powersports vehicles and pontoon boats, reported its financial and operational results for the fourth quarter and fiscal year that ended December 31, 2023.
Fourth Quarter and 2024 Operational Highlights

• Closed a $5.85 million IPO listing on the Nasdaq Capital Market under the “MAMO” symbol.
• Q4 2023 revenues were up 58.5 percent to $39.6 million from $25.0 million in Q4 2022.
• FY 2023 revenues increased 32.9 percent to $115.0 million from $86.5 million in FY 2022.
• FY 2023 gross profit increased 61.7 percent to $35.9 million from $22.2 million in FY 2022.
• FY 2023 gross margin grew 550 basis points to 31.2 percent compared to 25.7 percent in FY 2022.
• FY 2023 net income increased 150 percent to $10.4 million from $4.2 million in FY 2022. 

4/15/2024 |  Chase Elliott drives backward after Texas win that could get him going in the right direction again (Associated Press (AP)) FORT WORTH, Texas (AP) — Chase Elliott drove backward on the track after an emotional victory that could really get the 2020 Cup champion headed in the right direction again.
It was a lot of relief for the 28-year-old driver who is part of NASCAR’s winningest team, and a tribute to Alan Kulwicki, who more three decades ago was an old-school driver much like Elliott’s father was. 

4/12/2024 |  Australia to open the Formula 1 season in 2025 as Bahrain and Saudi races shift for Ramadan (Associated Press (AP)) LONDON (AP) — Lewis Hamilton’s first race in a Ferrari will be in Australia.
Next year’s Formula 1 season will open in Melbourne for the first time since 2019 after the full calendar for 2025 was revealed Friday.
The Australian Grand Prix in Melbourne will be the opening race because the Bahrain and Saudi Arabian rounds of the F1 championship — the first two races of this year — are shifting to mid-April dates to avoid a clash with the Muslim holy month of Ramadan.

4/5/2024 |  Japanese drivers try to break through in Formula 1 but face linguistic and geographical barriers (Associated Press (AP)) SUZUKA, Japan (AP) — About two dozen Japanese drivers have raced in Formula 1 over almost 50 years, and success has been limited. A Japanese driver has never won an F1 race, which means Ayumu Iwasa’s goals are unbelievably high.
“I want to be in an F1 seat as a regular driver, and also be world champion,” the 22-year-old Iwasa said Friday after driving a single practice session for the RB team. “For sure it’s not easy.”