Chevrolet Racing, 2012 IICS Indianapolis 500 Post-Day 4 Practice Notes & Quotes

Chevy Bowtie Symbol LogoChevrolet V-6 power topped the board as the fourth day of practice ended at the Indianapolis Motor Speedway for the 96th running of the Indianapolis 500. Again, it was Andretti Autosport leading the way for Chevy. Marco Andretti, No. 26 Team RC Cola Chevrolet, was the fastest of the 30 cars taking laps...more»

Read More... Bill Nilsson

PROM FOR HOPE Featuring 3OH!3, Black Cards, Two Door Cinema Club and More!

PROM FOR HOPE: a rockin' event  to raise money and awareness for City Of Hope, a leading research, treatment and education center for cancer, diabetes and other life-threatening diseases

Source Related Pictures Gyula Marsovsky

Injured McClure to miss second race

For the second consecutive weekend, Jeff Green will replace the injured Eric McClure in the No. 14 Toyota.

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RJ Says - Andrew Short's first Supercross win

What a great win for Andrew Short last weekend at the Seattle Supercross - his first ever AMA Supercross win!

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Gascoyne: Caterham aiming for midfield in 2012

Channel: Formula 1	Class: 2006 to current
Pre-season testing is yet to begin, but Caterham already have a fixed idea about where in the constructorsrsquo; standings they want to end the year

Source Related Pictures Kazuyoshi Hoshino

Gibbs drivers leave Darlington with heads high

Denny Hamlin didn't win this weekend at Darlington Raceway. But a pair of second-place finishes left him content leaving NASCAR's oldest, and arguably most difficult, major speedway.

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Report: A123 Systems posts $125 million net loss

Filed under: Technology, Earnings/Financials, Electric

The Detroit News reports lithium-ion battery manufacturer A123 Systems is set to post a net loss of $125 million on revenue of $10.9 million for the first quarter of 2012. Official results will be released later this week. The loss includes $51.6 million tied to replacing battery packs produced at the company's Livonia, Michigan facility. Some of those packs could have been manufactured with defective cells. The figure also includes $15.2 million to increase inventory reserves.

As you may recall, A123 Systems provides battery packs for companies like Fisker. The extended-range EV manufacturer recently reported issues with the supplier's products, but A123 says it has determined the cause of the defective cells and is working to make sure the failures don't reoccur.

The report also suggests A123 Systems will lower its revenue forecast for the year to $145 million to $175 million. The company originally projected it would generate between $230 million and $300 million.

A123 Systems posts $125 million net loss originally appeared on Autoblog on Mon, 14 May 2012 16:02:00 EST. Please see our terms for use of feeds.

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Picture of The Day Fabio Barchitta

The Racer's Group

Channel: Sports amp; GT Cars	Class: ALMS / IMSA Lites
Narrowly missed GTC championship, looks to 2012 for victory

Source: Javier Garcia Vico

Goodbye Gulf!

We spent Monday packing the Gulf up for its journey home to the National Motorcycle Museum in England.

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Marciello takes Pau F3 victory

Ferrari protege Raffaele Marciello led from start to finish in the first Formula 3 race at Pau to take the most prestigious victory of his career. Marciello, who moved up from Italian Formula 3 to European F3 competition this season, built a two-second advantage over Prema Powerteam team-mate Daniel Juncadella in the first eight laps.

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