A stellar celebration: Max Verstappen to lead Oracle Red Bull Racing’s 20th anniversary appearance at the Festival of Speed

Industry News

Oracle Red Bull Racing’s current Formula 1 drivers Max Verstappen and Sergio Pérez to appear at the Festival of Speed presented by Mastercard To be joined by Team Principal and CEO Christian Horner, as well as David Coulthard, Christian Klien, Daniel Ricciardo and Mark Webber Goodwood’s biggest-ever celebration of a Formula 1 team Spectacular Sunday featuring hillclimb runs and balcony moment follows unveiling of the new RB17 Hypercar on Friday Goodwood is thrilled to announce that the 2024 Festival of Speed presented by Mastercard will welcome an incredible lineup of drivers from across Oracle Red Bull Racing’s history, as the team celebrates its 20th anniversary at the event. Making his Festival of Speed debut, is current and three-time Formula 1 World Champion Max Verstappen who will drive the RB16B in which he claimed his first world title in 2021. Joining him on the Sunday of the event is teammate Sergio Pérez and Team Principal and CEO Christian Horner, as well as former Red Bull drivers David Coulthard, Christian Klien, Daniel Ricciardo and Mark Webber. Following the world debut of the RB17 Hypercar on the Friday of the Festival of Speed, Red Bull’s celebrations will culminate in an epic moment on Sunday, as seven prodigious drivers and cars from the team’s two triumphant decades in Formula 1 take to the Goodwood Hill before an unprecedented balcony moment. Set to be Goodwood’s biggest celebration of a Formula 1 team to date, fans will be able to salute the seven drivers, who between them, hold a phenomenal 96 Formula 1 race wins. Never before has the Festival of Speed had the privilege of welcoming the active reigning Formula 1 World Champion. The Duke of Richmond, CBE DL, founder of the Festival of Speed said: “In its 31-year history, this is the first time that the Festival of Speed has celebrated a Formula 1 team on this scale. To have both the current drivers – not to mention the reigning World Champion – the CEO and Team Principal, as well as so many team icons is fantastic. Goodwood’s motorsport events have always prided themselves on the access that they offer fans and I am delighted that Oracle Red Bull Racing has fulfilled our ambition by bringing together such an illustrious and outstanding group of drivers and cars.” Drivers and cars RB1 – Christian Klien RB6 – Mark Webber RB7 – Daniel Ricciardo RB8 – Christian Horner RB9 – David Coulthard RB16B – Max Verstappen RB19 – Sergio Pérez

McLaren CEO calls for UK to be a supercar ‘centre-of-excellence’ for next-generation battery technology

Industry News

The UK, with its rich history in high-performance automotive manufacturing and elite motorsport, faces a golden opportunity to lead the electrification of supercar production if it can attract investment into the domestic supply-chain, says McLaren Automotive CEO, Michael Leiters. Mr Leiters says the existing UK supply-chain is currently not equipped to meet the unique performance requirements of electric supercars and calls on any future UK Government to provide a strategic roadmap for investment in future powertrain technologies. “A clear industrial strategy, led by investment in the domestic supply-chain, will deliver growth, support jobs, help decarbonise the economy and secure a vibrant future for the UK performance car industry,” says Mr Leiters. “It’s time we regained confidence in our sector by investing in a world-class domestic supply-chain to support the development of tomorrow’s high-performance vehicles,” he says. “The UK was once the world’s largest vehicle exporter. Today it remains home to some of the world’s most admired performance car brands, as well as the majority of Formula 1 racing teams,” says Mr Leiters. “We must harness the skills, knowledge and ingenuity of the UK motorsport and performance car industry to create a global, high-performance centre of excellence,” he says. “UK-based luxury and sports car brands command tremendous pricing power thanks to their rich histories, intrinsic brand value and class-leading performance attributes. “As a result, the productivity gross value added of McLaren employees is 51% higher than that of the UK automotive manufacturing sector as a whole. “With more than 90% of McLaren supercars being exported, the UK performance car industry provides an excellent return on investment for taxpayers,” says Mr Leiters. Mr Leiters says government support is also essential in order to “de-risk” the transition to electrification. “The costs of this technological shift are astronomical, especially for low-volume, highly-specialised suppliers,” he says. “Today, customer demand for electric supercars remains extremely low as the technology is not sufficiently mature to rival the performance of today’s hybrid and combustion engine offerings, which makes it a risky investment both for OEMs and their suppliers. “But we have an opportunity to invest in next-generation, high power-dense battery cell manufacturing and ensure the UK is at the forefront of future performance car powertrain technology,” he says. “Even hybrid vehicles, which we expect will account for the majority of supercars sold throughout this decade, require the need to locally-source high-performance battery technology due to the EU ‘rules of origin’ requirements on exported vehicles,” says Mr Leiters. Mr Leiters says the challenge of meeting rules of origin requirements would only increase with the shift to pure electric vehicles. “Today, our hybrid McLaren Artura powertrain has 64% UK content. If this car was a pure EV, the UK content of the powertrain would reduce to 13% because we cannot currently source the relevant componentry in the UK.” Mr Leiters says that historically it has been the luxury and high-performance market that has led the industry in technological change. “Look at the McLaren P1 – a technological trail-blazer which proved the capability of high-performance hybrid technology long before electrification was in the mainstream.” “Developing a pure EV McLaren supercar, which can rival – if not exceed – the performance and driver-engagement of today’s supercars, could help drive the transition towards pure electrification among mass-market customers,” he says. Mr Leiters says that attracting the right battery suppliers to the UK would also bring long-term benefits outside the performance car industry. “In the future, a thriving UK supply-chain specialising in cutting-edge, high energy density cells would not only support supercar production but also other advanced manufacturing needs such as vertical take-off aircraft and drones,” he says.

UK’s Largest EV Show Returns for 4th Edition Driving Innovation with Policy Leaders, Product Launches, and EV Innovations

Industry News

LONDON – 24 June 2024: The London EV Show, UK’s largest EV event, has made a powerful comeback for its fourth edition. To be held in ExCeL London on November 26-28, 2024, the show promises to be bigger and more impactful than ever. Building on the remarkable records of the past editions, #levs24 is all set to welcome 15,000+ attendees, 350+ exhibitors, 180+ speakers and 70+ media partners from across the world. “The response to LEVS 2023 exceeded all expectations,” said Shariq Abdulhai, CEO of the London EV Show. “As we are all set for the 4th edition, we are poised to elevate every aspect by bringing together a powerful cross-section of the EV world.” Key Highlights of the 3rd Edition: EV Enthusiasts Converge: With over 7,300+ business visitors from the entire EV value chain, the event displayed great enthusiasm towards electric vehicle adoption. Supportive Policy: The London EV Show unveiled groundbreaking initiatives outlined by London’s Deputy Mayor for Transport, showcasing the city’s ambitious plans for the electric vehicle infrastructure. Cutting Edge Exhibition: Including renowned brands like Tesla, Ford, Tofco, Hedin Automotive etc, #levs23 hosted 220+ exhibitors showcasing all the latest and greatest from the EV landscape. Link to the full list of Exhibitors 2023 Experts On Stage: Over 150+ speakers including key figures like the Deputy Mayor for Transport, Seb Dance, De Jack Chambers | Minister of State | Department for Transport (Ireland), Jon-Ivar Nygård | Minister of Transport |Ministry of Transport (Norway) graced the event with their valuable presence, shared groundbreaking insights and made remarkable announcements. Link to the full list of Speakers 2023. Media highlights: With participation of 120 journalists, the event got featured by renowned publications like BBC, Forbes, Business Insider, The Business Standard and Daily Express, BloombergNEF (BNEF), IOT Now, The EV Report, IBT UK etc. Link to the full list of Media Partners 2023. Launchpad for Innovation: #levs23 witnessed important product launches from established industry players including Exicom’s UK market entry, Lotus’ new charge solutions and the debut of EKOENERGETYKA’s Axoneasy 400, were the important highlights of the event. Global Attendance: With the participation of more than 4000 companies, the growth of the EV industry was palpable on the floor. Link to list of participating companies. Link to the list of participating companies. With an exceptional track record of the past edition, this year’s London EV show will exceed all expectations by convening the EV industry in its entirety. From hosting brilliant minds at a top notch conference to showcasing latest innovations from top ev players, #levs24 is all set to set a new benchmark in the global EV industry. The show promises to be even bigger and more influential than ever before featuring Test drives tracks, networking zones, micro mobility zones, product launch area, workshops, startup acceleration programmes, ministerial sessions, expert-led panels and much more. Registration for the London EV Show 2024 is now open. REGISTER YOUR INTEREST HERE For more details contact:Madhiya NabiPR and Communications Managermadiya.nabi@valiantbmedia.comPhone No. : +44 20 3287 8878

Volkswagen Commercial Vehicles opens order books for new Crafter

Industry News

Order books now open for new Crafter, with full price and specifications available Enhanced equipment with new 10.4-inch infotainment and optional 12.9-inch set-up Revised interior provides even more comfort and greater ease-of-use Choice of body sizes, drivetrains and engines to meet all needs Prices start at £45,660 OTR1 with first deliveries from mid-August Milton Keynes, UK (24 June, 2024) – Order books are now open for the new Volkswagen Crafter. Featuring an upgraded interior and enhanced equipment, the new Crafter is priced from £45,660 On the Road (OTR)1, with first customer deliveries from mid-August. A highlight of the new Crafter is its range of new standard and optional driver assist systems that are designed to make everyday work easier and safer for Crafter drivers. Included on models are Front Assist (Autonomous Emergency Braking including Cyclist and Pedestrian Monitoring), Lane Assist (lane keeping system), Dynamic Road Sign Display, a speed limiter and acoustic Park Distance Control for the rear area. Travel Assist will be available as an option for the Crafter for the first time, as will Emergency Assist. Connectivity is enhanced by a new Composition Colour 10.4 inch infotainment that features App-Connect, an integrated eSIM and mobile online services as part of We Connect. Also included is wireless smartphone charging and USB-C connection. The optional Discover Media satellite navigation system features a 12.9 inch colour touch-screen with proximity sensor. The new Crafter features a refreshed dashboard design with Digital Cockpit instrument cluster and revised steering wheel. For enhanced ease-of-use, the electronic handbrake switch and selector for the optional automatic gearbox have been redesigned and relocated, as have the controls for the light functions, the heating and ventilation controls and all the air vents. Initially available in Commerce and Commerce Plus trim lines, the new Crafter offers a wide range of body styles, drivetrain arrangements and engine options that allow it to meet the demanding needs of its hard-working customers. As standard, there are medium wheelbase with a high roof or long wheelbase with a high roof configurations, while Commerce Plus models are also available with long wheelbase Maxi high roof. Low roof and super high roof options are available to order. CR30 (3,000kg GVW) models are available exclusively with front-wheel drive, a 140PS 2.0-litre TDI and six-speed manual gearbox. The CR35 (3,500kg GVW) adds the option of a 177PS 2.0-litre TDI with either front-wheel drive or 4MOTION four-wheel drive. CR35 can also be ordered with 163PS 2.0-litre TDI with rear-wheel drive, which is the exclusive engine and drivetrain layout of the CR50 (5,000kg GVW). Both CR35 and CR50 are available with an optional eight-speed automatic gearbox. Crafter Commerce features a generous level of standard equipment, including: Composition Colour DAB+ radio with 10.4 inch touch-screen App Connect Digital cockpit Multi-function steering wheel USB-C charging port above windscreen Central locking with Keyless go 180° rear wing doors (270° hinges on LWB Maxi) Manual side sliding door passenger’s side Full-height steel bulkhead without window Rear wing doors without window Two load-lashing rings on B-pillar Front and rear parking sensors Driver Alert System Front Assist with City Emergency Braking System Lane keeping assist Adjustable speed limiter Electronic parking brake with hill hold control In addition, Commerce Plus trim adds: Anti-theft alarm system Climatic manual air conditioning Comfort single driver’s seat including 2-way lumbar support and armrest Cruise control with speed limiter Electrically adjustable and heated door mirrors Rear wing doors with 270° hinges CR50 Commerce and Commerce Plus also feature: Double rear wheels Mandatory speed limiter – 56mph Smart digital tachograph TCO 2.0 Prices for Crafter Commerce start at £45,660 OTR1, while the Crafter Commerce Plus is priced from £52,7042. For new Crafter full specifications and pricing visit www.volkswagen-vans.co.uk (ends) Notes to Editors1Crafter Commerce – OTR, including VAT, correct at time of publication.2Crafter Commerce Plus – OTR, including VAT, correct at time of publication. For full specifications and pricing, visit www.volkswagen-vans.co.uk About Volkswagen Commercial Vehicles:Nearly 70 years ago, the first Transporter arrived in the UK, creating a blueprint which others would follow: a van which gets the job done efficiently and reliably. Today, Volkswagen Commercial Vehicles offers a diverse model range of commercial as well as passenger carrying and lifestyle models – from the compact Caddy, the evergreen Transporter and sturdy Crafter panel vans, dropsides and tippers, through the Multivan passenger carrier, and Caddy California, new California and Grand California campervans, to the ID. Buzz and ID. Buzz Cargo all-electric models, and the Amarok. The vehicles are as versatile and dependable as Volkswagens have always been, but the range is now wider, and more connected, modern and safer than ever. Volkswagen Commercial Vehicles is committed to working in partnership with individuals and businesses, providing them with the best products and aftersales support, whether they’re buying one or a thousand vans. For more information visit www.volkswagen-vans.co.uk Press contactVolkswagen CommercialVehicles Press TeamLaura Bignall 07557 758617Jess Bowden-Eyre 07734 855245Amy Allen 07983 535116 Press and Public RelationsVolkswagen Commercial VehiclesYeomans DriveBlakelandsMilton KeynesMK14 5AN Telephone 01908 601478www.vwpress.co.uk 02824/JBE

Return of the Ford RS200 and MK1 Escort – as Boreham Motorworks announces agreement with Ford Motor Company to produce and deliver a series of iconic Ford Motorcars

Industry News

Boreham Motorworks, a division of DRVN Automotive Group, sign a brand licence agreement with Ford Motor Company to produce a series of continuation and remastered iconic Ford vehicles. Boreham Motorworks is committed to launching some of Ford’s most historically significant road, race and rally icons. The series will consist of entirely new icons remastered from the ground up and blueprint- accurate continuation vehicles designed to deliver a peak analogue driving experience The first new iconic vehicle will see the return of the legendary Ford RS200. The first continuation vehicle will be the Group 5 Ford MK1 Escort – both manufactured and distributed solely and exclusively by Boreham Motorworks. The Ford RS200 and Ford MK1 Escort are the first two in a series of iconic Ford vehicles to be delivered under the licence agreement over the coming years. Registrations for the limited production number of these iconic Ford cars are now being accepted at www.borehammotorworks.com London, UK, 24 June 2024, 13:00 BST: Boreham Motorworks is proud to announce a worldwide, brand licence agreement with the Ford Motor Company to produce and remaster a series of some of Ford’s most historically significant road, race and rally icons. Boreham Motorworks is the high-performance motorsport and racing division of the DRVN Automotive Group; a sector-leading automotive company specialising in delivering a peak analogue driving experience through the design, manufacture, and distribution of luxury automotive brands, committed to innovation and engineering. The first vehicle in the series will see the return of the legendary Ford RS200 by Boreham Motorworks on its fortieth anniversary with an entirely new, ground-up build of a road-legal Group B-inspired drivers’ car. The iconic Ford RS200, first launched by Ford in 1984, was engineered to compete in the World Rally Championship. Boasting a mid-engine layout, advanced four-wheel-drive system and a lightweight composite body, the Ford RS200 became one of the most revered rally cars of the century. Additionally, Boreham Motorworks has been entrusted to continue some of Ford Motor Company’s most historically significant road, race, and rally icons, creating blueprint-accurate, period-sympathetic vehicles with continuation VIN numbers, the first of these being the Ford MK1 Escort. Introduced in the late 1960s the MK1 became synonymous with motorsport success with its lightweight design and advanced suspension setup that provided exceptional handling and agility on both road and rally stages. ‘We are thrilled to embark on this journey with Ford Motor Company and kickstart a series that will redefine and remaster these icons of the past,’ commented Darren McDermott, Executive Chairman, DRVN Automotive Group. ‘We aim to redefine automotive innovation and push the boundaries in terms of driver engagement and design. Our shared commitment to this incredible project will create an outstanding analogue driving experience and leave a lasting legacy for the true petrolhead.’ Boreham Motorworks will remaster these icons in very limited numbers, while providing customers an exclusive, invitation only membership to The Boreham High Performance Club, for immersing likeminded individuals in spectacular driving experiences globally. At least five further iconic Ford vehicles will be celebrated over the course of the series, with the Ford MK1 Escort continuation to be shown to the public later this year. Interest is now being accepted on the Boreham Motorworks website at borehammotorworks.com. ‘From the first time we met with Boreham Motorworks and the DRVN team, it was clear that they had an exciting vision for how to bring some of our most iconic historical nameplates to life for the modern era’, commented Will Ford, General Manager, Ford Performance Motorsports. ‘It will be exciting to see this relationship flourish and to see how Boreham Motorworks brings the vision to life at a time when there is so much passion from enthusiasts for great experiences.’ The Boreham Motorworks series comes at an exciting time as Ford Performance Motorsports expands its racing programs around the world including initiatives such as the Mustang GT3 at Le Mans, a new Ford Raptor for the Dakar rally in 2025 and Ford’s return to the pinnacle of motorsport. About Boreham MotorworksBoreham Motorworks, founded in the United Kingdom, specialises in the design, manufacture, and distribution of iconic Ford road, race, and rally cars. As an official licence partner of the Ford Motor Company, Boreham Motorworks is dedicated to preserving and enhancing the legacy of some of Ford’s most iconic vehicles. The company’s ethos is centered around achieving a peak analogue driving experience throughout all their vehicles, ensuring that every model delivers stunning performance, authenticity, and driving pleasure. Boreham Motorworks blends meticulous craftsmanship with cutting-edge technology to honour the spirit of classic Ford engineering while catering to the modern automotive enthusiast. With a commitment to quality and a passion for motorsport heritage, Boreham Motorworks ensures that each vehicle is a unique embodiment of the rich history and performance excellence associated with Ford. About DRVN Automotive GroupDRVN Automotive is a premier group in the luxury automotive sector, specialising in the design, manufacture, and distribution of performance vehicles. With state-of-the-art facilities in Scotland, Durham, Coventry, and London, DRVN unites a comprehensive ecosystem of companies, including Boreham Motorworks, Koenigsegg London, DRVN Advanced Engineering, Evolution E-types, JE MotorWorks, ITG (Induction Technology Group) and Alan Mann Racing. These companies excel in various specialties, ranging from design and consultancy for major automotive brands to high-performance air filters, classic car restorations, engine development, and race car design, build, and management. Committed to delivering a peak analogue driving experience, DRVN Automotive blends classic automotive heritage with contemporary advancements. Their comprehensive in-house capabilities ensure sector-leading quality and precision, making their offerings synonymous with excellence and reliability. Media Enquiries:Email: rob.borrett@drvnautomotivegroup.com Tel:+44 (0) 7436 207851 More Information:www.drvnautomotivegroup.com | www.borehammotorworks.com About Ford Motor CompanyFord Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers…

Fuel for thought – a sustainable first for the Hagerty Radical Cup UK with Radical SR3 XXR powered by SUSTAIN

Industry News

Oulton Park, UK (24th June 2024) – Radical racer Gavin McAlpine made history during last weekend’s Hagerty Radical Cup UK, becoming the first driver to use synthetic fuel during the Championship. The green ‘number 17’ car crossed the finish line at Oulton Park Circuit last weekend using the “drop-in” SUSTAIN Super 80 fuel from UK-based Coryton, without any modification to his SR3 XXR. Supported by RAW Motorsports, Gavin McAlpine and his Radical SR3 XXR contested the third round of the single-make Championship in front of over 20,000 spectators, with sustainable fuel developed by bespoke fuel specialist Coryton. SUSTAIN fuels are developed by bespoke fuel specialist Coryton. The fuels currently derive predominantly from second-generation biofuels manufactured from agricultural waste, such as straw, by-products or waste from crops which wouldn’t be used for consumption. This means they utilise the carbon that already exists in our atmosphere, which the plants absorb as they grow, recycling it, rather than releasing additional CO2, as fossil fuels do. Speaking about his decision to use sustainable fuel, Gavin McAlpine said:“I have been exploring sustainable fuels for some years now. Two of the passions in my life are the natural world and the automotive world. I believe that technological developments are the solution to many of the world’s environmental issues, so being able to indulge now one of my passions and contribute to a sustainable low-carbon future is a great step forward for me personally, for the racing community, and of course the future of transportation.” McAlpine’s passion for renewable energy and his fascination with innovation and technical possibilities has led him to become Chairman of RES (Renewable Energy Systems) – the largest global independent renewable energy company now employing 5,000 people and operating across 24 countries developing, constructing and operating large-scale renewable energy projects around the world. Radical Motorsport’s Global Head of Marketing, Jon Roach, added:“The recent developments in sustainable fuel are an exciting step forward for motorsport, offering an alternative solution that can be enjoyed by owners of older cars without the need to make any modifications, and without any impact on performance. Seeing one Radical on the grid here in the UK is a small step, but a step in the right direction and hopefully will provide the catalyst to start the right conversations.“ Before the race weekend, the engineering team at the Radical factory in Peterborough carried out extensive testing with the SUSTAIN Super 80 fuel to ensure that no calibration would be required at the race track, and also that running the fuel would not give any advantage or disadvantage compared to the rest of the Radical grid running the championship-regulated fuel. SUSTAIN Super 80 is a “drop-in fuel”, meaning it can be mixed with all traditional fossil petrols and with no modifications needed to the vehicle. Furthermore, the fuel undergoes a complete molecular restructure to produce a fuel that looks identical to traditional fossil petrol, but from biological sources with less than 1% ethanol to mitigate against the common issues of corrosion caused by a higher percentage of ethanol content. The blend is based on 80% renewable materials and delivers a minimum 65% greenhouse gas saving when compared to traditional fossil fuel, taking into account the carbon costs used to produce and transport the product. David Richardson, New Business Director at Coryton, said:“We’re delighted to be celebrating this sustainable first for the Hagerty Radical Cup UK and to have worked with Gavin and his team to make it happen. Through events like this, we can showcase the power of sustainable fuels and their ability to preserve the sights and sounds of motorsport, without relying on fossil fuel for our ICE engines. Every new milestone we mark takes us one step closer to a cleaner future, and we hope it inspires many more within the industry to explore the technology available.” About Radical Motorsport:Radical Motorsport is one of the world’s most prolific race car manufacturers, with close to 3,000 cars produced in the past 25-plus years. From its 1997 inception, Radical set out to create a customer-led niche in the world of motorsport, a race-bred thrill-a-minute experience on the racetrack. A combination of lightweight construction, superbike-derived technology and aerodynamic downforce delivers models faster than a supercar, totally driver-focused and rewarding to drive. Entering its third decade, the Radical stable includes the entry-level SR1 XXR, the best-selling SR3 XXR alongside the turbo-charged SR10 XXR, alongside the iconic RXC. All models from the renowned racing car manufacturer are solely designed, engineered and built at Radical’s Cambridgeshire headquarters in England. A global dealer network spanning over 20 countries continues to grow, and there are now 12 single-make Radical Cup championships across four different continents, including the factory-supported Radical Cup UK and Radical Cup North America. For more information, please visit www.radicalmotorsport.com About SUSTAIN:SUSTAIN was launched by Coryton, part of the ASPEN Group, in 2021 as part of its mission to create a cleaner future. The pioneering brand focuses on developing responsible and sustainable fuels that contribute towards the push for net zero impact, without compromising on performance or engine protection. From biofuels to e-fuels, the SUSTAIN range uses a combination of the latest sustainable technologies as they mature. Through products such as SUSTAIN Racing and SUSTAIN Classic, SUSTAIN has already celebrated some fantastic milestones in the motoring industry and it plans to continue this success long into the future. Visit https://sustain-fuels.com/

Hyundai Motor’s IONIQ 5 N sets benchmark for Crossover EVs at Pikes Peak International Hill Climb

Industry News

Three Hyundai IONIQ 5 N vehicles compete in the challenging Pikes Peak climb, demonstrating superior performance IONIQ 5 N TA (Time Attack) Spec wins the exhibition class with a record of 9 mins 30 secs, while IONIQ 5 N follows with an impressive 10 mins 49 secs result All competing IONIQ 5 Ns share production spec power electric (PE) systems with Pikes Peak specific performance software Pikes Peak achievements underscore the Hyundai N’s dedication to expanding the possibilities of high-performance EVs SEOUL, June 24, 2024 – Hyundai Motor Company announced today that its IONIQ 5 N models successfully completed the Broadmoor Pikes Peak International Hill Climb (PPIHC) on June 23, setting a record for the Electric Modified and Production SUV/Crossover categories. With this success, the company once again exceeded expectations with its high-performance EV. Hyundai Motor competed in this year’s PPIHC with two IONIQ 5 N TA (Time Attack) Specs and one production IONIQ 5 N. All three models conquered a challenging 12.42-mile (20 km) course that ascends over 4,700 feet (1,438 meters) to the summit of Pikes Peak, facing 156 turns, unpredictable weather and high-altitude conditions that can affect both drivers and vehicles. The IONIQ 5 N TA Spec, driven by Hyundai World Rally driver Dani Sordo, finished the race in 09:30.852 and winning the exhibition class. The second TA Spec driven by Randy Pobst, finished the race in 09:55.551. The IONIQ 5 N TA Spec is designed to highlight the production-spec IONIQ 5 N’s strengths without significant modifications. Other than minor software tuning to increase the maximum motor output1 and some high-performance part changes, including new shock absorbers, motorsport-spec brakes and slick tires2, the TA Spec retains most of what production IONIQ 5 N offers to regular customers. The IONIQ 5 N production model was driven by Ron Zaras, a PPIHC rookie and automotive media personality. Zaras finished with a time of 10:49.267, showcasing the model’s leading capabilities without modifications. “We are absolutely thrilled to set a new record at Pikes Peak and our performance overall,” said Till Wartenberg, Vice President and Head of N Brand and Motorsport at Hyundai Motor Company. “Going forward, we plan to continue leveraging exciting motorsports activities such as Pikes Peak to showcase the superior performance of our mass-produced vehicles and continue to develop technology that not only meets customer needs but exceeds their expectations.” IONIQ 5 N’s outstanding run at Pikes Peak underlines the Hyundai N’s dedication to continuously challenging its electric vehicle (EV) technologies to advance its performance capabilities. Hyundai N is committed to expanding the possibilities of high-performance EVs, not only with the production IONIQ 5 N, but also with variants, such as the IONIQ 5 N eN1 Cup Car and IONIQ 5 N TA Spec. Hyundai N will continue to launch special specification models to broaden the horizon of EV motorsports. “This year’s Pikes Peak result is a culmination of a dream dreamt by so many people behind the scenes at Hyundai N”, said Joon Park, Vice President and Head of N Brand Management Group. “We put all our best minds together to create a type of high-performance EV that didn’t exist before, and today we confirm that this technology can be competitive even in the toughest hill climb race in the world.” Hyundai Motor first competed in the PPIHC in 1992. Rod Millen won the 2-Wheel Drive Showroom Stock division with a time of 13:21.17, driving a Hyundai Scoupe. Another significant moment in Hyundai’s Pikes Peak history was in 2012 when a Hyundai Genesis Coupe, driven by Rhys Millen, set a course record of 9:46.164.

Broad Arrow Auctions Presents Petroliana Online Auction with Over 200 Lots Closing this July

Industry News

Online auction presents outstanding private collection of petroliana and memorabilia All lots offered without reserve A stunning 1963 Bedford CA Dormobile, is offered, restored by TVs Wheeler Dealers Online auction takes place 14-28 July Over 200 Petroliana lots can be viewed here London, England: 24th June 2024 – Broad Arrow Auctions, a Hagerty company, is proud to present Petroliana – an outstanding collection of over 200 pieces of petroliana and memorabilia, lovingly curated by a dedicated collector and offered without reserve. The online Petroliana auction, taking place 14th – 28th July 2024, presents a single-owner, private collection featuring more than 200 lots, with highlights including very rare pre-war petrol pumps and a wonderfully-period 1963 Bedford CA Dormobile restored by TVs Wheeler Dealers. Here Matt Coles, Petroliana and Memorabilia Specialist for Broad Arrow Auctions, previews some of his personal favourites, in advance of the sale. Lot 236 | 1963 Bedford CA Dormobile Romany Caravan – featured on TVs Wheeler DealersThis charming Bedford CA Dormobile was subject to a comprehensive Wheeler Dealers overhaul in 2022, a process fully documented on the famous television series. Their work has brought the delightful camper respectfully into the modern age, with a more powerful 2.0 engine, automatic transmission, and new, period-correct, two-tone paintwork. Inside, the seats have been retrimmed and new cabinets installed along with a stainless-steel sink. The roof canopy has been replaced with genuine red and white Dormobile striped canvas.Estimated at £20,000 – £30,000, offered without reserve Lot 108 | Large Michelin Man Figurine ‘Le Pneu Michelin’Bibendum was introduced at the Lyon Exhibition of 1894 by the Michelin brothers and is one of the world’s oldest trademarks still in active use. Bibendum was originally depicted as a lord of industry, a master of all he surveyed, and a patriotic exponent of the French spirit. Standing at 1.2 metres tall, this wonderfully original Michelin Man figurine is in excellent condition, making it a stunning piece of interior automotive art for the home, workshop, or office.Estimated at £2000 – £3000, offered without reserve Lot 110 | Large Esso Extra Motor Oil Boy Figurine Lot 104 | Large Esso Extra Motor Oil Girl Figurine Sold as two separate lots, these delightful Esso figurines stand at 1.2 metres tall and are offered in great condition. The popular Oil Drop Man character, named Happy, was launched as a promotional character for Esso in the United States in 1958, and he was often accompanied by the slogan Happy Motoring. Used throughout the 1950s and 1960s, he was often depicted with Oil Drop Woman, making these figurines a wonderfully collectible pair.Both lots estimated at £1700 – £2500 each, offered without reserve Lot 279 | Atlantic Motor Spirit Petrol PumpA stunning piece of petroliana, this beautiful Atlantic Petrol and Union Motor Spirit dual-cylinder, hand-crank petrol pump, designed by Gilbert & Barker, has been fully restored and is ready to be enjoyed. Charles Gilbert and John Barker formed the Gilbert & Barker Manufacturing Co. of Springfield, Massachusetts in 1870 and, in 1911, introduced first measuring gasoline pump. The beautifully designed, and carefully restored, pump represents a stylish and glamourous automotive age and makes for a stunningly decorative display piece.Estimated at £8,000 – £12,000, offered without reserve Matt Coles, Petroliana and Memorabilia Specialist for Broad Arrow said. “This is a very special collection, lovingly amassed over many years, containing many rare and wonderful pieces sure to appeal to all motoring enthusiasts. All items are offered without reserve, in an online-only auction, allowing enthusiasts the perfect opportunity to view and bid, in what promises to be a very popular and exciting auction.” The Broad Arrow Auctions Petroliana Sale takes place 14-28 July, with over 200 lots available to view here. Editors Notes About Broad Arrow – Broad Arrow, a Hagerty (NYSE: HGTY) company, is an advisor, market maker, and financier for car collectors with a commitment to integrity, trust, and innovation. Broad Arrow operates Broad Arrow Auctions, Broad Arrow Capital, and Broad Arrow Private Sales (formerly Collectors Garage) and is headquartered in Grosse Pointe, Michigan. For more information, please visit connect with us on Facebook, Instagram, Twitter, and LinkedIn. About Hagerty, Inc. (NYSE: HGTY) – Hagerty is an automotive enthusiast brand committed to saving driving and fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events, and automotive entertainment custom-made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the UK and is home to Hagerty Drivers Club, a community of more than 800,000 who can’t get enough of cars. As a purpose-driven organisation, Hagerty Impact aims to be a catalyst for positive change across the issues that matter most to our teams, our members, the broader automotive community, our shareholders, and the planet at large. For more information on Hagerty please visit www.hagerty.co.uk. Connect with us on Facebook, Instagram and Twitter. For further information, call 0333 323 0989 or visit www.hagertyinsurance.co.uk Forward-Looking Statements – This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current intentions, expectations, or beliefs regarding the business. Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that are difficult to predict and may be outside of our control. Some of the factors that may cause our actual results to differ materially from those contemplated by our forward-looking statements include: (i) our ability to recognise the anticipated benefits of the subject of this press release; (ii) our ability to compete effectively within our industry and attract and retain members; and (iii) the other risks and uncertainties listed in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 14, 2023. This press release should be read in conjunction with the information included in our other press releases, reports and other filings with the SEC. Understanding the information contained in those filings is important in order to fully understand our reported financial results and our business outlook for…

Bentley Record Room Opens at Co-op Live Manchester, Offering One of the World’s Most Exclusive Music Venue Experiences

Industry News

The Bentley Record Room, the pinnacle of exclusivity at Co-op Live Manchester and among the world’s most elite music venue experiences, is now open Crafted by Bentley’s in-house team, this space ensures top-tier acoustic and performance enhancement combined with unique design and handcraftsmanship inherent to any Bentley environment This exclusive area accommodates 100 guests next to the Green Room; luxe memberships have already sold out (Crewe, 19 June 2024) The Bentley Record Room has officially opened its doors at Co-op Live Manchester. This venue offers one of the most exclusive music experiences globally. The Bentley Record Room provides a distinctive way to experience luxury. With a capacity for 100 guests, it offers Co-op Live luxe members and Bentley clients an opulent space reminiscent of a Bentley car’s refined elegance. Located adjacent to the performer’s green room, it features a stage for impromptu encores or pre-show performances by emerging talents. Guests will enjoy curated dining options with private host services, including dedicated arrival and private entrance. Designed by the Bentley Design team, this space combines superior acoustics with unique design elements and craftsmanship intrinsic to all things Bentley. Bespoke finishes are evident throughout—from signature British wool-trimmed ceilings featuring geometric lines that enhance acoustics to dégradé walnut panels adorning the walls. Polished mineral plaster walls inlaid with contoured walnut veins surround the stage area enhancing sound quality while reflecting classic Bentley design DNA. A key feature is the diamond backdrop that brings life to every performance on stage. Ceiling heights vary around different areas creating visual grandeur near the stage while offering intimate seating arrangements around bars and dining spaces ensuring comfort without compromising visibility or performance quality within this luxurious setting. A majestic walnut diamond bar inspired by Batur matrix serves as a sculptural centerpiece topped with Patagonia stone panelled using low carbon leather secured via knurled rotary dials softening overall aesthetics within this elegant environment. Bentley Home furniture pieces like Galloway Bench & Ryde Ottoman are strategically placed showcasing machine-stitched ‘B’ logos celebrating dynamic lightness alongside expert woodwork skills synonymous across all products bearing their nameplate proudly displayed here too! “We’ve created an intimate club reflecting authentic luxury through meticulous execution,” said Chris Cooke Head Of Design Collaborations At Motors adding “Our final product delivers unparalleled clarity naturally incorporating local wool diamonds graceful vein details harmoniously contributing memorable moments.”

Italian President Sergio Mattarella to Inaugurate Ferrari’s New E-Building, Marking a Milestone in Electric Vehicle Production

Industry News

Ferrari’s New E-Building: A Milestone in Sustainable Automotive Production Maranello, June 21, 2024 – Today marks the inauguration of Ferrari’s e-building, a state-of-the-art facility dedicated to producing internal combustion engines, hybrids, and Ferrari’s first electric model. The event will be graced by Italian President Sergio Mattarella alongside Chairman John Elkann, Vice Chairman Piero Ferrari, CEO Benedetto Vigna, and representatives from the Ferrari workforce. “We are honoured to have President Mattarella with us for this significant occasion,” said John Elkann. “The e-building embodies our commitment to sustainability while ensuring that we continue to invest in our local community and uphold Italian excellence.” Production Flexibility The new plant enhances Ferrari’s production flexibility by integrating the manufacturing of various powertrains under one roof. This approach aligns with their strategy of prioritizing quality over quantity. The facility will produce internal combustion engines, hybrid systems, and electric motors—all designed to deliver the exhilarating driving experience synonymous with Ferrari. This integration allows for more efficient reallocation of production activities across existing facilities in Maranello. Additionally, it houses advanced technology for producing high-voltage batteries and other critical electrical components essential for differentiating Ferrari’s technological edge. Environmental Focus The building is designed for optimal energy performance and features over 3,000 solar panels generating 1.3 MW on its roof. By year-end when the trigeneration plant shuts down[1], it will rely entirely on renewable energy sources both internally generated and externally sourced.[2]…. Several innovative solutions have been implemented to reuse energy and rainwater within the production cycle; notably recovering over 60% of energy used during battery testing.