EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Ford Motor Company announced that it would be making a comeback in Formula One racing to help sell its electric cars. The automaker’s chief executive officer, Jim Farley, said they would join forces with Red Bull Racing for their return to the F1 scene.
It was noted that Ford Motor’s announcement came after General Motors said it was applying to join the Formula 1 with Andretti Global last month. As the Dearborn, Michigan-headquartered returns to the racing field, it said that it would help build engines while in the sport.
As per CNN Business, Ford has a deal with Red Bull Powertrains, which distributes hybrid engines to Reb Bull F1 teams, so its comeback to the racing sport is almost guaranteed. On the other hand, GM will still need approval from F1’s governing body, so its entrance is not certain.
The carmaker left the F1 racing in 2004 after offloading Jaguar Racing and handing it to Red Bull through an acquisition agreement. At that time, Ford Motor still owned the Jaguar brand.
It was said that despite its departure, the company remained the third most successful engine maker in the sport after Mercedes and Ferrari. The first time it entered the F1 was in 1968 with Lotus. In any case, this is not the first team-up for Ford and Red Bull, as they already worked together in rally racing.
Starting this year, Ford Motor and Red Bull Powertrains will come together to create the power unit that will become part of the new technical regulations, such as a new combustion engine that can accept sustainable fuels and a 350 kW electric motor. They expect these to be ready before the 2026 season.
“Ford’s return to Formula 1 with Red Bull Racing is all about where we are going as a company– increasingly electric, software-defined, modern vehicles and experiences,” Ford Motor’s chief, said in a press release. “F1 will be an incredibly cost-effective platform to innovate, share ideas and technologies, and engage with tens of millions of new customers.”
Photo by Dan Dennis/Unsplash
