The 24 Hours of Daytona, currently known as the Rolex 24 At Daytona, is a 24-hour sports car endurance race held annually at Daytona International Speedway in Daytona Beach, Florida. It is run on a 3.56-mile (5.73 km) combined road course, utilising portions of the NASCAR tri-oval and an infield road course. Since its inception, it has been held on the last weekend of January or the first weekend of February as part of Speedweeks, and it is the first major automobile race of the year in the United States. It is also the first race of the season for the WeatherTech SportsCar Championship, Wikipedia says.

In 2006, the race moved one week earlier into January to prevent a clash with the Super Bowl, which had in turn moved one week later into February a few years earlier.

The race has been known historically as a leg of the informal Triple Crown of endurance racing,[1] although it suffers from an increasing isolation from international Sports Car racing regulations, which have been eased in recent years.

Unlike the 24-hour Le Mans race, the Daytona race is conducted entirely over a closed course within the speedway arena without the use of any public streets. Most parts of the steep banking are included, interrupted with a chicane on the back straight and a sweeping, fast infield section which includes two hairpins. Unlike Le Mans, the race is held in wintertime, when nights are at their longest. There are lights installed around the circuit for night racing, although the infield section is still not as well-lit as the main oval. However, the stadium lights are turned on only to a level of 20%, similar to the stadium lighting setup at Le Mans, with brighter lights around the pit straight, and decent lighting similar to street lights around the circuit.

In the past, a car had to cross the finish line after 24 hours to be classified, which led to dramatic scenes where damaged cars waited in the pits or on the edge of the track close to the finish line for hours, then restarted their engines and crawled across the finish line one last time in order to finish after the 24 hours and be listed with a finishing distance, rather than dismissed with DNF (Did Not Finish). This was the case in the initial 1962 Daytona Continental (then 3 hours), in which Dan Gurney’s Lotus 19 had established a lengthy lead when the engine failed with just minutes remaining. Gurney stopped the car at the top of the banking, just short of the finish line. When the three hours had elapsed, Gurney simply cranked the steering wheel to the left (toward the bottom of the banking) and let gravity pull the car across the line, to not only salvage a finishing position, but actually win the race.[1] This led to the international rule requiring a car to cross the line under its own power in order to be classified.

F1: Hamilton in one-season deal

Race fans will now turn to Formula 1 Championship 2021 season, beginning in Australia in March. Last year was an unprecedented year for Formula 1 in which the COVID-19 pandemic resulted in a revised 2020 calendar of 17 races, as F1 became the first international race to resume its season.

“The plans for 2021 have involved extensive dialogue with all promoters and their local and national authorities at a time of ongoing fluidity related to the global pandemic,” read an F1 statement. ”Formula 1 and the FIA put in place robust health and safety measures to allow the revised 2020 season to restart and run effectively.

Louis Hamilton, the champ, is already making headlines after he signed the deal with Mercedes for only the 2021 season. The contract got delayed as Hamilton tested COVID positive late in 2020 after the Bahrain GP. This is the first time when Hamilton has not signed a multi-year commitment. He is targeting an unprecedented eighth world championship – and what would be a seventh in eight years.

Hamilton joined Mercedes in 2013 from McLaren. The switch-over led to a streak of excellent performances, which saw him winning six of the last seventh world titles while playing a key role in Mercedes winning all seven of the constructors’ championships since the hybrid turbo era began in 2014.

LANXESS, a specialty chemicals company, has successfully placed a six-year-tenor euro benchmark bond with a coupon of 0.0 percent in the European capital market.
The company, with about 14,800 employees in 33 countries, will use the funds to finance the planned acquisition of IFF, a US-based chemical company involved in microbial control.

The new bond is listed on the Luxembourg Stock Exchange in denominations of EUR 1,000.

Michael Pontzen, CFO, LANXESS, said, “We have secured the first step of financing already quickly after the announcement of the acquisition of IFF Microbial Control and are happy about the very receptive reaction of the capital market to our offering.” (TT)

Goodyear has launched its new RT-3B bead-to-bead tread in US and Canada in sizes 20.5R25 and 23.5R25 for off-the-road (OTR) tyres.

The new retread provides all-around performance for loaders and graders. Joining the existing lineup of premium off-the-road Goodyear tyres, the retread provides up to 60 percent savings compared to a new tyre.

Used extensively in gruelling OTR applications, retreading helps extend the life of tyres while delivering high traction and minimal tread wear. Additionally, retreading promotes sustainability by reducing unnecessary waste.

The new Goodyear RT-3B is cured in a mould and press method to generate low heat through long hours of usage via its 115-level tread depth. Strongly cut-resistant in nature, the centerline lugs and open shoulder provides optimal traction.

Loic Ravasio, General Manager, Global and Americas OTR, Goodyear, said, “We are always focused on delivering high value and low cost of ownership to our OTR customers. The RT-3B is a substantial addition to our retread portfolio providing another great option for operators to help drive efficiency, reduce costs and protect the environment.” (TT)

Anshuman Singhania, Dy. Managing Director of JK Tyre, has been appointed managing director of the company, effective October 21,2020.

Anshuman Singhania joined the Company as an Executive and over the years has been deeply involved in various activities of the Company in different positions, said the company.

Singhania is also Vice Chairman of ATMA

He is a graduate from Oxford Brookes University, UK and an alumnus of London Business School. As a young leader, he started his career from the shop floor as an apprentice and has held several positions in Planning, Production, Product Development, Quality Control, Stores & Purchase, Finance as well as Sales & Marketing. Being a techno-savvy person, he has played a key role in implementing the latest technologies in the manufacturing process at JK Tyre.

Yokohama Off-Highway Tires recently held the groundbreaking and foundation stone unveiling ceremony of its new plant at Atchutapuram, Visakhapatnam - Andhra Pradesh, India.

In the online event, Masataka Yamaishi , President & Chairman of the Board, Yokohama Rubber Co., Ltd broke the ground to commence construction work.

Yamaishi San unveiled the Foundation Stone virtually in the presence of Atao Kishi San: Chairman - ATC Tires Pvt. Ltd. and Managing Officer - The Yokohama Rubber Co., Ltd., Nitin Mantri – CEO and Anil Gupta – COO and the leadership team at Yokohama Off-Highway Tires.

The new plant will have a daily production capacity of 55 tons (rubber weight), with planned capital investment totalling US$165 million. The plant, which will be the company’s third plant in India, will manufacture its three brands ALLIANCE, GALAXY and PRIMEX brand tyres.

 Yokohama Off-Highway Tires currently has two tyre plants in India—the Dahej Plant in Gujarat and the Tirunelveli Plant in Tamil Nadu.