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Share to Twitter Share to Linkedin As questions surrounded equity control of Oracle Red Bull’s Formula 1 team, and changes to sustainability for the racing series are set to take a larger role, Porsche fell by the wayside, and Ford decided to make their return to the sport after a 22-year absence. It’s not often that one can say, “When a door closes, another door closes which leads to a door opening,” but that may best describe what has happened with consecutive F1 driver championships in 2021-22 and 2022 constructor champion Oracle Red Bull Racing. A seismic shift has occurred with those supplying powertrains in F1 as an increase in renewable technology continues to dramatically alter the consumer automotive market. In 2021, Honda left primary support for Red Bull as they moved away from combustion engines. Honda has pledged to be carbon-neutral by 2050. With not just Honda but others seeking to increase battery technology, and other renewable … [Read more...] about How Oracle Red Bull Racing Walked Away From Porsche And Ford Stepped In

Share to Twitter Share to Linkedin The state of Montana has a wealth of riches to draw in newcomers, including four full seasons offering a wide range of outdoors activities, no traffic, a low cost of living, and friendly people, to name just a few. Now a consortium of government, academic and business leaders in the state, including the Montana Manufacturing Association under the Montana Chamber of Commerce, has been working for the past few years on a collection of other attractions to draw one specific kind of newcomer to Big Sky Country: manufacturers. While Montana already has over 4,100 manufacturing companies with over 21,400 employees generating $3.8 billion in economic output, state leaders see a lot more opportunity in that sector. “We’re leaning into our state’s strengths with our western lifestyle, entrepreneurial spirit and high-quality education system that is nimble and responsive to evolving workforce needs,” explained Todd O’Hair, … [Read more...] about Bozeman Landed Hyundai’s New Horizons Studio R&D Center. Now Montana Is On The Hunt For More Manufacturing

Many once-promising financial startups are cash-strapped; others have broken business models. By Jeff Kauflin & Emily Mason ; Illustration by Matt Chase for Forbes ON November 15, the cofounders of Ribbon Home, a five-year-old financial technology company that promised to fix a “broken” homebuying market by offering buyers the ability to make all-cash offers, sent a cryptic and disconcerting email to its entire staff. “During this time of uncertainty, we ask team members who are not customer- or finance-facing to shift their focus from work to self-care, spending time with family and doing things that bring you comfort,” it read in part. Six days later, New York City-based Ribbon dismissed 85% of its staff—190 people—and cut severance to one week’s pay versus the six weeks employees had been previously promised. Fewer than 30 people remain today, and the company recently announced that it has paused all new business. Ribbon’s days are … [Read more...] about Merge Or Perish: 25 Struggling Fintech Startups