Dan Towriss, CEO of Cadillac Formula 1, discusses the team’s entry into Formula One amid new regulations and competition from rivals including Ford, as well as Cadillac Formula 1’s Super Bowl ads. He speaks with Katie Greifeld and Matt Miller on “The Close.” -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysi ...

THIS IS "THE CLOSE. " KATIE: LIVE IN STUDIO 2 AT BLOOMBERG HEADQUARTERS IN NEW YORK, I’M KATE KATE. MATT: AND I’M MATT MILLER. WE’RE KICKING YOU OFF TO THE CLOSING BELL. I’M DELIGHTED TO BE BACK WITH YOU, AGAIN FILLING IN FOR ROMAINE WHILE HE’S CHILLING OUT AT THE OLYMPICS. THE S&P, A GAIN OF MORE THAN 40 POINTS TO 6975. SO JUST 27 POINTS AWAY FROM THE ALL-TIME HIGH THAT WE TOUCHED A COUPLE OF WEEKS AGO AFTER A DRASTIC DOWN TURN LAST WEEK. NVIDIA IS ADDING A TON OF POINTS AND THE 10-YEAR YIELD IS COPPING DO ...

Core Insights - The Cadillac Formula 1® Team unveiled its livery during Super Bowl LX, targeting an audience of over 130 million viewers, marking a significant entry into Formula 1® for American motorsport [1] - The team will make its Grand Prix debut in Melbourne, Australia, from March 6-8, 2026, competing in a total of 24 races [4] Team and Operations - The Cadillac Formula 1® Team is a collaboration between TWG Motorsports and General Motors, with operations based in Indianapolis, Charlotte, and Silverstone [5][8] - The team aims to combine engineering excellence with innovation and performance, showcasing American spirit in the global motorsport arena [4][5] Design and Branding - The car features a dual-color design with black and white sides, symbolizing a balance of grit and aspiration, and incorporates the Cadillac chevron as a nod to its heritage [3][4] - The livery reveal was designed to resonate with cultural significance, aiming to connect with fans beyond traditional motorsport audiences [4][5] Driver Lineup - The team will be led by experienced drivers Checo Pérez and Valtteri Bottas, who collectively have 526 starts, 106 podium finishes, and 16 victories [6] - Zhou Guanyu will serve as the Reserve Driver, while Colton Herta will take on the role of Test Driver, balancing his duties with participation in Formula 2 [6] Future Aspirations - The Cadillac Formula 1® Team is positioned to compete at iconic racetracks, including three in the United States: Miami, Austin, and Las Vegas [4] - The team is focused on building a values-driven culture and high-performance race cars, aiming for a strong presence in the Formula 1® landscape [8][9]

Core Insights - Cars.com announced the winners of its annual Best Of Awards for 2026, highlighting top-rated vehicles amidst rising vehicle prices and changing market conditions [1][2] - The Nissan Leaf was named Best Car of the Year, recognized for its value, innovation, and usability, especially as affordable EV options become more limited [2][7] Award Winners - Best Car: 2026 Nissan Leaf, starting at $31,485, offers up to 303 miles of range and access to Tesla's Supercharger network [7] - Best SUV: 2026 Nissan Armada, known for its strong twin-turbo V-6 power and towing capacity of up to 8,500 pounds [7] - Best Family Car: 2026 Hyundai Santa Fe, featuring three-row seating and flexible cargo space [7] - Best Pickup Truck: 2026 Ram 1500, combining work-ready trims with luxury models and class-leading comfort [7] - Best Electric Vehicle: 2026 Kia EV9, providing up to 305 miles of range and family-friendly versatility [7] - Best Luxury Vehicle: 2026 Cadillac Escalade IQ, offering an estimated 465 miles of range and advanced technology [7] Methodology - The Best Car of the Year was selected from over 40 new or redesigned models, evaluated based on quality, innovation, and value [4] - Other awards considered specific criteria relevant to their respective categories, open to all model-year 2026 vehicles [4]

Core Insights - The automotive industry in 2025 is characterized as the "Year of the Supercar," with luxury brands like Bugatti, Pagani, Koenigsegg, Lamborghini, and Ferrari experiencing unprecedented demand and profitability [1][16] - The average price of new luxury cars in the US has surpassed $50,000, reflecting a growing appetite for high-end vehicles among consumers [1][16] - Electric vehicle (EV) sales have increased globally, but growth has not met expectations in many markets, leading to challenges for several automakers [2][16] Luxury Car Market - Luxury brands are reporting strong profits and have order books filled until 2027, contrasting with legacy automakers facing financial difficulties [16] - Porsche has faced significant challenges, including a 33% drop in shares over the past year and a €3.1 billion ($3.6 billion) loss reported in October [8][16] - Ferrari, on the other hand, has maintained high profit margins and a strong order book, with less than 10% of its sales coming from the Chinese market, which has insulated it from some market volatility [6][7][16] Electric Vehicle Challenges - Tesla has experienced a decline in sales and profits, facing lawsuits and public backlash against CEO Elon Musk, which has affected its market share in the US [2][16] - Lucid Group has also struggled with supply chain issues, leading to financial losses [4][16] - The overall EV market has been impacted by competition from affordable Chinese EVs and the end of government subsidies, which has slowed growth [2][16] Future Outlook - Audi and Cadillac are set to join Formula One in 2026, which is expected to enhance their brand visibility and market positioning [10][11][16] - The average audience for Formula One races has reached 1.3 million viewers in the US, indicating growing interest in the sport [11][17] - Audi is generating excitement with new car concepts, while Cadillac aims to shed its outdated image and compete with established luxury brands [12][17]

I think when you're an American brand entering a European space, the first thing you want to do is ingratiate yourself in sports culture. That's what they're attempting to do. And look, a Super Bowl ad is among the most expensive of the year.This is owned by Mark Walter, who owns the Lakers and the Dodgers. This is pocket change to him. So how important is this, though, to Cadillac.I know you're focused on the Super Bowl as you're a big football fan, but I'm focused on the racing. Right. And I'm seeing such ...

Group 1 - Uber is now offering rides in all-electric robo taxis across a 9 square mile area of Dallas, allowing riders to be matched with these vehicles at no extra cost [1] - The robo taxis currently operate with an onboard safety specialist but are designed for future fully driverless service, with rider preferences managed directly in the Uber app [2] - Archer Aviation plans to build an air taxi network in the Miami metro area, providing 10 to 20 minute electric flights between major cities, significantly reducing typical 90-minute car commutes [2] Group 2 - Nphase Energy has launched its new power match technology in Europe, which enhances battery efficiency and longevity by dynamically adjusting output to real-time power needs [3] - The IQ Battery 5P can reduce efficiency losses and may last up to 40% longer than certain competing batteries due to its use of six micro inverters that activate only as needed [3] - EVgo has surpassed 5 million Autocharge Plus sessions, with enrollment rising to over 300,000 drivers across nearly 80 compatible EV models, particularly Cadillac, Chevrolet, Ford, and Rivian [4] Group 3 - Autocharge Plus now initiates nearly 30% of all EVgo charging sessions, simplifying the charging experience for electric vehicles, including Tesla's, and improving overall charge success rates on the network [4]

Cadillac’s new Formula 1 team plans to debut the livery of its new car during a Super Bowl TV spot next year, in a major statement to mark the entrance of a major US team into the sport https://t.co/yVoZB4uCDO ...

Core Insights - The automotive industry is increasingly interested in SPD-SmartGlass technology, transitioning from an emerging concept to an essential feature for modern vehicles, enhancing comfort, safety, and energy efficiency [2][4] - Research Frontiers' SPD-SmartGlass technology is gaining traction among OEMs, with successful implementations in high-end vehicles like Ferrari and Cadillac, indicating a shift towards production-ready dynamic glazing solutions [4][5] Industry Collaboration - The ECV Automotive Glazing Summit highlighted the importance of collaboration among various stakeholders, including film developers, glass processors, and OEM engineering teams, to ensure seamless integration of dynamic glazing into vehicle platforms [5][6] - Research Frontiers actively participated in discussions aimed at addressing cost targets and optimizing system performance for SPD-SmartGlass integration [5][6] Technology Comparison - A key theme at the summit was the need for clarity regarding different variable-tint technologies, with SPD-SmartGlass being favored for its fast switching speed (1-3 seconds) and energy efficiency compared to slower alternatives like electrochromic solutions [6][7] - SPD-SmartGlass technology offers significant advantages, including blocking over 99% of UV light, up to 95% heat rejection, and improved driving range for both electric and internal combustion engine vehicles [10] Features and Benefits - SPD-SmartGlass technology is recognized for its energy-saving capabilities, enhancing passenger comfort and safety, which aligns with global automakers' focus on sustainability and energy efficiency for upcoming vehicle platforms [7][8] - The technology's benefits include reduced cabin temperature, improved infotainment readability, and a decrease in mechanical components, contributing to overall vehicle weight reduction [10] Future Outlook - The summit concluded with strong interest from automakers for follow-up demonstrations and technical workshops, indicating a growing momentum for SPD-SmartGlass adoption in future vehicle designs [8][9] - Research Frontiers anticipates supporting OEMs in integrating dynamic glazing features into the next generation of vehicles, reinforcing the trend towards accelerated adoption of SPD-SmartGlass technology [9]

Core Insights - The automotive industry is increasingly interested in SPD-SmartGlass technology, transitioning from an emerging concept to an essential feature for modern vehicles, enhancing comfort, safety, and energy efficiency [2][4][10] Industry Interest and Adoption - The ECV Automotive Glazing Summit highlighted the strong interest in SPD-SmartGlass, with automakers actively evaluating or using the technology in various vehicle programs, including premium and next-generation electric vehicles [4][10] - Automakers are seeking proven, production-ready dynamic glazing solutions, with SPD-SmartGlass offering immediate tint response and energy savings, having been used in tens of thousands of vehicles since 2011 [5][10] Collaboration and Integration - The summit emphasized the importance of collaboration among film developers, glass processors, and OEM engineering teams to ensure seamless integration of dynamic glazing into vehicle platforms [6][9] - Research Frontiers engaged in discussions to address cost targets and optimize system performance, fostering productive dialogue within the industry [6][9] Technology Comparison - There is a need for clarity among different variable-tint technologies, with SPD-SmartGlass noted for its fast switching speed (1-3 seconds) and optical consistency, outperforming slower electrochromic solutions [6][10] - SPD-SmartGlass provides significant advantages in energy efficiency, comfort, and safety, resonating with OEMs evaluating technologies for their upcoming vehicle platforms [7][10] Features and Benefits - SPD-SmartGlass technology offers numerous benefits, including energy savings, increased driving range, improved passenger experience, and enhanced safety [7][11] - Key performance metrics include a 1-2 second switching speed, 99%+ UV blocking, up to 95% heat rejection, and a reduction in cabin temperature by approximately 10°C [11] Summit Outcomes - The summit concluded with strong interest from automakers for follow-up demonstrations and technical workshops, indicating a trend towards accelerated adoption of SPD-SmartGlass technology [9][10]