The Truth About Shinola, Tudor and the Detroit Grand Prix

When the word “truth” is in the title of the publication, there’s an obligation to keep things factual. Also, I have an ego and don’t like to make mistakes in public. Much of what I write about involves automotive history one way or another and it annoys me when I come across inaccurate sources. Someone may use my work as a reference, I want it to be accurate. Due to a press release from the Detroit Grand Prix that was in error, and some inattention on my part, there were some inaccuracies in my recent post about the Tudor and Shinola watch companies racing sponsorships and how they might conflict at this year’s Chevrolet Detroit Belle Isle Grand Prix.

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Interesting Time To Come With Two Watchmaking Sponsors At the Detroit Grand Prix

Starting with the upcoming Rolex 24 Hours of Daytona race, the highest levels of sports car and prototype road racing in the U.S. will operate under a single series. The Grand Am and American LeMans Series racing organizations have merged and are now operating as the United SportsCar Championship, sanctioned by IMSA and controlled by the France family that owns NASCAR and a number of first tier racetracks around the United States. Tudor, Rolex’s less expensive (but still costly) brand of luxury watches, signed on to be the USCC series title sponsor, which will create an interesting situation when the trophies are handed out after the USCC race in Detroit on May 31st. While the USSC has Tudor as a series sponsor, another company that makes watches, Shinola, is a sponsor and “key partner” of the Chevrolet Detroit Belle Isle Grand Prix.

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Roger Penske: No Thanks, I'm Having Too Much Fun To Give That Up To Run General Motors

Roger Penske talks with recent Indy 500 winner Tony Kanaan as Jim Campbell (L), head of performance and motorsports for GM, and Mark Reuss (R), GM president for North America, look on.

Sometimes things just work out. I probably would have gone to the media luncheon for the Chevrolet Detroit Belle Isle Grand Prix yesterday anyway but when I saw that Roger Penske was one of the people who’d be there, along with Indy 500 winner Tony Kanaan and other Indycar, Grand Am Rolex and Pirelli Challenge series drivers, as well Jim Campbell and Mark Reuss from GM, I thought it would be an excellent opportunity to ask Penske a question that’s been on my mind. Just about every time there’s some kind of high level executive position around Detroit that’s unfilled or about to go unfilled, Penske’s name comes up as a suggestion. Not everything he touches succeeds, (c.f. smart cars in the U.S.) so he doesn’t have a complete Midas touch, but most of his ventures have done well, some exceptionally so. You can’t say that he’s not a competent manager of businesses and people or that he hasn’t succeeded in some highly competitive situations. I wanted to know if Roger was willing to take the highest profile executive position in Detroit.

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  • Probert They already have hybrids, but these won't ever be them as they are built on the modular E-GMP skateboard.
  • Justin You guys still looking for that sportbak? I just saw one on the Facebook marketplace in Arizona
  • 28-Cars-Later I cannot remember what happens now, but there are whiteblocks in this period which develop a "tick" like sound which indicates they are toast (maybe head gasket?). Ten or so years ago I looked at an '03 or '04 S60 (I forget why) and I brought my Volvo indy along to tell me if it was worth my time - it ticked and that's when I learned this. This XC90 is probably worth about $300 as it sits, not kidding, and it will cost you conservatively $2500 for an engine swap (all the ones I see on car-part.com have north of 130K miles starting at $1,100 and that's not including freight to a shop, shop labor, other internals to do such as timing belt while engine out etc).
  • 28-Cars-Later Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” [if they ever are recouped] Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses. https://www.zerohedge.com/political/fords-120000-loss-vehicle-shows-california-ev-goals-are-impossible Given these facts, how did Tesla ever produce anything in volume let alone profit?
  • AZFelix Let's forego all of this dilly-dallying with autonomous cars and cut right to the chase and the only real solution.