A Piece Of Heaven On Earth Has A New Owner

Volvo's and Lotus' owners just bought a Utah racetrack 

Expansive Utah Motorsports Campus covers 511 acres

Chinese automaker Geely, owner of Volvo and Lotus, continues to expand on a global scale. After an announcement earlier this week that it has invested in building "supersonic trains" in its home country, the company also officially confirmed the purchase of the Utah Motorsports Campus.

The Utah Motorsports Campus, located west of Salt Lake City and just south of the Great Salt Lake, is a massive automotive dreamland. Totaling 511 acres, it includes an adjustable 4.4-mile road track, a 0.9-mile configurable kart track, an off-road course, a rock-crawling course, and a rallycross track. It also includes numerous buildings suitable for race teams and garages, all with a gorgeous background of snowcapped mountains.

(AutoBlog.com)

I'm A Bit Suprised By The Amount

Want To Be Part Of The World’s One-Percent? Here’s How Much Money You Need To Have 

According to Credit Suisse Research Institute’s 2018 Global Wealth Report, you need to have a net worth of $871,320 USD.

Less than you thought, or more?

Using that number, there are over 19 million Americans who are members of the One-Percent club. And no other country is even close, as China comes in second on that list with 4.2 million people.

The report also revealed some other very interesting financial numbers.

• There are 42 million millionaires worldwide.
• The average wealth per adult in 2018 was $63,100.
• A net worth of $93,170 will put you in the top 10 percent worldwide.
• To be in the top half worldwide, you need a net worth of just $4,210.
• Global wealth increased by $14 trillionlast year.
• Global wealth in 2018 reached $317 trillion.
• Global wealth is projected to rise by nearly 26 percent over the next five years.
• China is now clearly established in second place in the world’s wealth hierarchy.
• Switzerland ($530,240) is the wealthiest country, based on wealth per adult.
• Australia ($411,060) and the United States ($403,970) are second and third on the list.
• Australia ($191,450) was the highest, followed by Switzerland ($183,340) using median wealth per adult.

(Bits&Pieces.us)

I See What You Did There

(Bits&Pieces.us)

They See Me Rollin' - Porshce Edition

(SpeedHunters.com)

That Makes Sense

(Bits&Pieces.us)

Go APR!

VW Golf R gets the touring car treatment by APR for SEMA 

With 536 horsepower, this widebody Golf R is ready for the track 

(AutoBlog.com)

A Good Read - Harley Davidson Edition

How Harley-Davidson's All-In Bet on Its Past Crippled Its Future

Harley’s longtime bread and butter has been Baby Boomers, those who grew up enamored with the outlaw image to the point that they were willing to spend $20,000 or more on the bikes and leather to live out that image. But the Boomers are getting older, increasingly physically unable to ride or dying out entirely. And Harley’s response—an electric bike called the LiveWire set to debut next year—isn’t so much of a Hail Mary as it is a capitulation. It also won’t be nearly enough.

“I think they have to completely reinvent the brand, and I don’t know if they can do it,” Erik Gordon, an assistant professor at the University of Michigan’s Ross School of Business, said. “The jokes are true. When I go down the freeway, I always look to see if this cliche about Harley riders is true. And the crazy thing is that it is true. I don’t think I’ve seen anyone under 55.

“My generation viewed Harleys as American fast, loud, muscle. We liked that stuff,” Gordon said. “[My students] view it as the tired old folks who screwed up America.”

(Jalopnik.com)