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Sebastian Vettel captures Belgian Grand Prix

SPA-FRANCORCHAMPS, Belgium – Ferrari's Sebastian Vettel sped away from first corner carnage to celebrate a commanding Belgian Grand Prix victory on Sunday and trim Lewis Hamilton's Formula One lead to 17 points with eight races remaining. Hamilton, last year's winner in Belgium, started from pole position but finished second for Mercedes while Red Bull's Max Verstappen gave his army of Dutch fans something to cheer with third place. In the battle of four-times world champions, Hamilton now has 231 points to Vettel's 214. "I had a great start, I'm not sure Lewis saw me as he pushed me to the left in the first lap, but after last year I ended up short, and this year it was the other way around," said Vettel of his decisive pass on Hamilton. "As soon as I was ahead I relaxed. I had a good restart after the safety car, and after that it was a very smooth race," he added. The start provided most of the afternoon's excitement, with Fernando Alonso's McLaren flying over Charles Leclerc's Sauber at the La Source hairpin after being rammed by Renault's Nico Hulkenberg. All three retired as the safety car was deployed for four laps but Leclerc had reason to thank the 'halo' head protection system -- introduced this season -- for allowing him to step away unscathed. Television close-up images after the race showed the structure heavily marked by the impact. "The Halo was a very good thing to have today. I think for him, it helped," commented Spaniard Alonso, who will be leaving Formula One at the end of the season. Ferrari's Kimi Raikkonen, a four times winner in Belgium, and Red Bull's Daniel Ricciardo also collided at the start and retired after pitting, the Finn having to wait for his 100th career podium. At the front, Vettel swiftly seized the lead from Hamilton down the Kemmel straight on the opening lap and never looked back, taking the checkered flag 11.0 seconds clear of Hamilton. "He drove past me like I wasn't even there on the straight," said Hamilton, who was quick to shake his rival's hand and offer congratulations. "They have got a few trick things going on in the car," he added. "I did what I could, we did what we could so we have to keep working." It was the German's fifth win of the campaign, matching his British rival, and 52nd of his career -- one more than the great four times champion Alain Prost managed. Hamilton's team mate Valtteri Bottas finished fourth, and set the fastest lap, after starting 17th.

Stellantis ready to kill brands and fix U.S. problems, CEO Tavares says

  MILAN — Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its chief executive Carlos Tavares said on Thursday. The warning for lossmaking brands is a turnaround for Tavares, who has maintained since Stellantis was created in 2021 from the merger of Italian-American automaker Fiat Chrysler and France's PSA that all of its 14 brands including Maserati, Fiat, Peugeot and Jeep have a future. "If they don't make money, we'll shut them down," Carlos Tavares told reporters after the world's No. 4 automaker delivered worse-than-expected first-half results, sending its shares down as much as 10%. "We cannot afford to have brands that do not make money." The automaker now also considers China's Leapmotor as its 15th brand, after it agreed to a broad cooperation with the group. Stellantis does not release figures for individual brands, except for Maserati which reported an 82 million euro adjusted operating loss in the first half. Some analysts say Maserati could possibly be a target for a sale by Stellantis, while other brands such as Lancia or DS might be at risk of being scrapped given their marginal contribution to the group's overall sales. Stellantis' Milan-listed shares were down as much as 12.5% on Thursday, hitting their lowest since August 2023. That brings the loss for the year so far to 22%, making them the worst performer among the major European automakers. Few automotive brands have been killed off since General Motors ditched the unprofitable Saturn and Pontiac during a U.S. government-led bankruptcy in the global financial crisis in 2008. Tavares is under pressure to revive flagging margins and sales and cut inventory in the United States as Stellantis bets on the launch of 20 new models this year which it hopes will boost profitability. Recent poor results from global carmakers have heightened worries about a weakening outlook for sales across major markets such as the U.S., whilst they also juggle an expensive transition to electric vehicles and growing competition from cheaper Chinese rivals. Japan's Nissan Motor saw first-quarter profit almost completely wiped out on Thursday and slashed its annual outlook, as deep discounting in the United States shredded its margins. Tavares said he would be working through the summer with his U.S. team on how to improve performance and cut inventory.

Faraday Future to hire former Ferrari exec Marco Mattiacci

Electric car manufacturer Faraday Future has lured a very big fish to its executive pond, hiring former Ferrari executive Marco Mattiacci, a source told Autoblog. Business Insider also reported the move. It's unclear what role Mattiacci will have at Faraday, but he served with distinction at Ferrari. Between 2006 and 2014, he was the head of Ferrari North America and Ferrari Asia Pacific, though that success didn't translate to motorsports. Mattiacci succeeded Stefano Domenicali as team principal of Scuderia Ferrari in April 2014 and led the team to a fourth-place finish, behind Mercedes, Red Bull, and Williams. The Scuderia were not pleased and Mattiacci resigned. Faraday is no stranger to snagging talent from other automakers. It hired employees from Ford, GM, and BMW and has done an especially good job of poaching talent from Elon Musk. It lured Tesla's vice president of regulatory affairs and deputy general counsel, James Chen, last month. Faraday hired the head of Model S production, Dag Reckhorn, to serve as its global VP of manufacturing, and in April it brought in Tesla's director of global supplier industrialization, Andrew De Haan, to run the Faraday's Nevada factory. Business Insider reports Faraday has even poached SpaceX employees. We expect more hiring from Faraday in the future, too. The company's website is packed with California-based positions for everything from vehicle safety to autonomous driving to product planning. Related Video: News Source: Business InsiderImage Credit: Dom Romney / Getty Images Green Hirings/Firings/Layoffs Ferrari Autonomous Vehicles Electric faraday future faraday marco mattiacci