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Ferrari hails Vettel as the 'moral winner' after 'stolen' F1 race

MONTREAL — Ferrari hailed Sebastian Vettel as the moral winner of the Canadian Grand Prix on Sunday while the German raged at being robbed of victory by race stewards. "They are stealing the race from us," the angry German exclaimed over the team radio as he was told he was under investigation after running off the track and into the path of Mercedes rival Lewis Hamilton. Vettel was given a five-second penalty, finishing first but having to hand victory to Hamilton. "No, no, no. Not like that. You have to be an absolute blind man, you go on the grass how are you supposed to control your car? This is the wrong world," the Ferrari driver yelled after being notified of the penalty. "It's not making our sport popular, is it? I mean, with these kind of decisions," he told Sky Sports television after the podium ceremony. He had earlier parked up in the wrong place and stormed straight to the Ferrari hospitality area before returning to the pitlane. There he rearranged the numbers in front of the cars, switching the 'one' board from Hamilton's car to the space where his Ferrari should have been. "If it had happened to me I would have kicked the damn board and thrown it against the car," said Mercedes F1 boss Toto Wolff, whose team has now won the first seven races of the season. "I am of course biased for Mercedes, and I say there is a rule that says you need to leave a car's width when you go off the track and I think his instinctive reaction was 'I need to protect that position' and maybe that was a tiny bit too far." Wolff said he was surprised by the stewards' decision but also defended them. The officials included experienced Italian racer Emanuele Pirro, a former F1 driver and five times winner of the Le Mans 24 Hours sportscar race. "I think the stewards up there need to be people that need to be supported," said Wolff. "There is Emanuele up there, it doesn't go any more professional and experienced than Emanuele. Said Vettel, "People want to see us race and that was, I think, racing. I hope the people come back, that's the main thing obviously... it's just a shame when we have all these little funny decisions." Ferrari team boss Mattia Binotto indicated there could be no appeal by the Italian team but said there was no doubt about the real winner. "It's not down to us to decide, and that's the sport. But certainly if you look at the crowd, everybody I think today believes that there was nothing Sebastian could have done," he said.

These are the cars with the best and worst depreciation after 5 years

The average new vehicle sold in America loses nearly half of its initial value after five years of ownership. No surprise there; we all expect that shiny new car to start depreciating as soon as we drive it off the lot. But some vehicles lose value a lot faster than others. According to data provided by iSeeCars.com, trucks and truck-based sport utility vehicles generally hold their value better than other vehicle types, with the Jeep Wrangler — in both four-door Unlimited and standard two-door styles — and Toyota Tacoma sitting at the head of the pack. The Jeep Wrangler Unlimited's average five-year depreciation of 30.9% equals a loss in value of $12,168. That makes Jeep's four-door off-roader the best overall pick for buyers looking to minimize depreciation. The Toyota Tacoma's 32.4% loss in initial value means it loses just $10,496. The smaller dollar amount — the least amount of money lost after five years — indicates that Tacoma buyers pay less than Wrangler Unlimited buyers, on average, when they initially buy the vehicle. The standard two-door Jeep Wrangler is third on the list, depreciating 32.8% after five years and losing $10,824. Click here for a full list of the top 10 vehicles with the least depreciation over five years. On the other side of the depreciation coin, luxury sedans tend to plummet in value at a much faster rate than other vehicle types. The BMW 7 Series leads the losers with a 72.6% drop in value after five years, which equals an alarming $73,686. BMW's slightly smaller 5 Series is next, depreciating 70.1%, or $47,038, over the same period. Number three on the biggest losers list is the Nissan Leaf, the only electric vehicle to appear in the bottom 10. The electric hatchback matches the 5 Series with a 70.1% drop in value, but since it's a much cheaper vehicle, that percentage equals a much smaller $23,470 loss. Click here for a full list of the top 10 vehicles with the most depreciation over five years.

BMW negotiates Daimler alliance, buys out car-service partner Sixt

Sixt sells its stake in DriveNow car-sharing to BMW BMW in talks with Daimler to combine car-sharing Combining car-sharing business to aid robotaxi plans FRANKFURT — Germany's BMW has bought out partner Sixt from their joint venture DriveNow, paving the way for a broader car-sharing and driverless taxi alliance with Daimler to compete against Uber and Lyft. Car rental company Sixt said on Monday it would generate an extraordinary pre-tax profit of about 200 million euros ($248 million) in 2018 from the sale of the DriveNow stake to BMW for 209 million euros. "With DriveNow as a wholly-owned subsidiary, we have all options for continued strategic development of our services," said Peter Schwarzenbauer, BMW's board member for Digital Business Innovation. "Our experience with mobility services supports our development of future autonomous, electrified and connected fleets," he said, adding that BMW aims to have 100 million customers for "premium mobility services" by 2025. The Sixt deal comes as BMW moves closer to a deal to combine its car-sharing services with Daimler's Car2Go, a person familiar with the discussions told Reuters last week. The German carmakers want to build a joint business that includes car sharing, ride-hailing, electric vehicle charging, and digital parking services, a senior executive at one of the companies said on Monday. Mercedes-Benz parent Daimler and BMW declined comment on the status of potential talks on their car-sharing business. "This is speculation, we do not comment," BMW said. The senior executive, who declined to be named because the plan is not public, said: "This will create an ecosystem which can also be used for managing robotaxi (driverless taxi) fleets." BMW would contribute its ParkNow and ChargeNow businesses to the common company, the executive said, adding that there were still differences of opinion over the valuation of Car2Go. The market for ride-hailing services currently makes up around 33 percent of the global taxi market, and could grow eightfold to $285 billion by 2030, once autonomous robotaxis are in operation, Goldman Sachs said in a recent research note. BMW and Daimler are now working on developing autonomous cars, vehicles which could enable them to up-end the market for taxi and ride-hailing services.