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The Latest Breaking News from Elms

Prema unlikely to defend ELMS title, could run two WEC cars

The Italian Prema team is unlikely to defend its European Le Mans Series crown in 2024 and could expand its FIA World Endurance Championship assault to two cars instead.

Motorsport

Prema unlikely to defend ELMS title ahead of WEC switch focus

The Italian Prema team is unlikely to defend its European Le Mans Series crown in 2024 and could expand its World Endurance Championship assault to two cars instead.

Autosport

Iron Lynx to run Lamborghini LMDh programmes in WEC, IMSA from 2024

Lamborghini will partner with prolific GT outfit Iron Lynx to run its factory LMDh programme in the FIA World Endurance Championship and IMSA WeatherTech SportsCar Championship from 2024.

Motorsport

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Iron Lynx to run factory Lamborghini LMDh programmes in WEC, IMSA from 2024

Lamborghini will partner with prolific GT outfit Iron Lynx to run its factory LMDh programme in the World Endurance Championship and IMSA SportsCar Championship from 2024.

Autosport

MULN Stock: Don’t Get Tempted by This Stock’s Low Price

Electric vehicle company Mullen Automotive (MULN) has lost more than 90% this year and is currently trading at lower than 50 cents. However, it might not be wise to get tempted by the low price and invest in the stock due to its weak fundamentals. Read on….

StockNews.com

‘I’m shedding tears of rage!’ How the Tories’ ‘war on nature’ outraged everyone from the RSPB to farmers

Liz Truss’s ministers seem determined to rip up environmental protections. But they’re facing resistance from an extraordinary alliance of wildlife charities and green-minded Conservatives

The Guardian - UK

Why Olaplex Shares Dipped Around 57%; Here Are 75 Biggest Movers From Yesterday

Gainers Amprius Technologies, Inc. (NYSE: AMPX) jumped 77.3% to settle at $11.01 on Wednesday after the company announced it was awarded a $50 million cost-sharing grant from the U.S. Department of Energy's Office of Manufacturing and Energy Supply Chains.

Benzinga

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Mullen Buys Bankrupt ELMS And Its Indiana Plant For $240 Million

The former ELMS plant in Indiana that once made Hummer H2 trucks will provide Mullen with the capability to produce up to 50,000 electric vehicles per year.

InsideEVs

How Truss’s post-Brexit farming policy descended into chaos

Rumours rife as farmers fear PM plans U-turn on financial subsidy measures to improve environment

The Guardian - UK

Truss-favoured thinktank attacks ‘massive transfer of wealth’ to landowners

UK government criticised for reviewing plan to pay farmers for environmental protection

The Guardian - UK

Farmers threaten to quit NFU as leader backs scrapping of nature subsidies

Prominent members of farmers’ union express dismay after comments by Minette Batters

The Guardian - UK

Correa plans ELMS LMP2 return with Prema for final two rounds

Juan Manuel Correa says he will return to his LMP2 programme with Prema for the final two rounds of the European Le Mans Series season in September.

Motorsport

National Novelties: Corvette and Rochdale Olympic

With a Chevrolet Corvette in action at Brands Hatch, a rare Rochdale Olympic racing at Silverstone and ELMS driver Ben Hanley swapping LMP2 machinery for a Radical SR1, there were plenty of unusual cars and stories from the world of national motorsport this week

Autosport

Ben Goldsmith: next PM must back plan for farm subsidies to protect nature

Green Tory hits out at critics of Boris Johnson’s environmental land management policy

The Guardian - UK

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Autosport

How an Autosport Award winner is forging a path to Le Mans

Tom Gamble claimed Autosport's Young Driver of the Year award in 2018 following a strong season in British F3. But GTs instead of single-seaters is where the 20-year-old's focus has been since, including European Le Mans success with United Autosports. He told Autosport of his ambitions for the future

InsideEVs

Electric Last Mile Solutions Files For Chapter 7 Bankruptcy

In the voluntary petition for Chapter 7 bankruptcy, ELMS disclosed its estimated assets range from $50 million to $100 million, as do its estimated liabilities.

Benzinga

Why Electric Last Mile Solutions Stock Is Plunging

Electric Last Mile Solutions Inc (NASDAQ: ELMS) shares are trading significantly lower Monday after the company announced that it plans to file for bankruptcy.

Autosport

LMP2 driver Cimadomo banned after Le Mans practice incidents

TDS Racing LMP2 driver Philippe Cimadomo has been excluded from this weekend’s Le Mans 24 Hours as a result of three incidents during practice.

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Autosport

Piquet Jr in LMP2 return with United Autosport for 2023 ELMS

Ex-Formula 1 driver Nelson Piquet Jr will return to LMP2 competition next year after signing a deal to contest the 2023 European Le Mans Series with United Autosports.

The Guardian - UK

Farming push to delay eco-friendly subsidies risks net-zero target – report

Farming union NFU wants two-year delay but Green Alliance says move would keep emissions high beyond 2035

Birmingham Post

Cove UK acquires Elms caravan site near Skegness to become fifth biggest operator in Britain

The 339 home site is spread across 65 acres of Lincolnshire countryside

Autosport

Correa out of ELMS opener with left foot fracture, Imola F3 "at risk"

Juan Manuel Correa has been ruled out of the opening round of the European Le Mans Series in France after suffering a stress fracture in his left foot.

Motorsport

BMW's Farfus gets all-clear for Okayama SUPER GT opener

BMW has confirmed that factory driver Augusto Farfus will take up his seat with Team Studie for next weekend's opening round of the SUPER GT season at Okayama.

StockNews.com

2 EV Stocks Under $5 Wall Street Predicts Will Rally Up to 200% Higher

The electric vehicle (EV) industry has been flourishing over the past two years, thanks to sustained demand driven by increasing environmental concerns, and supportive government policies and incentives. Because oil prices remain volatile, Wall Street analysts expect the shares of fundamentally strong EV companies Electric Last (ELMS) and Volcon (VLCN)…

Motorsport

Prema announces full driver line-up for 2022 ELMS season

Prema has announced its full driver line-up for the 2022 European Le Mans Series ahead of next month's season opener at Paul Ricard.

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