Hey, Your Top Automobile News for April 21, 2021

Your Daily Automobile updates From Around The World [  The Automobile News](   [The Most Powerful C8 Corvette On The Planet Might Be This One]( FuelTech USA founder Anderson Dick and his crew managed to get this C8 to deliver 1,075 horsepower from the wheels. Automakers in the muscle car world have been jousting for public attention of late, especially with Ford’s Mustangs squaring off against Dodge’s Hellcats. But Chevrolet hasn’t been doing too shabbily, especially with its C8 Corvette dominating sales since the beginning of 2021. And there’s been plenty of noise of late erupting from the Corvette Kingdom after YouTubing driver and mechanic Emelia Hartford broke a C8 speed record in March when she bested the quarter-mile in 9.41 seconds. Her ‘Vette has more than 1,000 horsepower to hit that mark, a milestone that engine modifier FuelTech USA claims to have exceeded in a video released Monday. C8 Development Took A Year And 4,000 Miles According to FuelTech USA founder Anderson Dick, his crew managed to get their C8 to deliver 1,075 horsepower from the wheels. But rather than brag about the achievement, he was not only willing to show how his company did it, but that it certainly wasn’t easy. The clutch had to be upgraded before the Corvette could be tested on the dyno, for openers. And there was plenty of work to be done on the twin turbos. “The challenge behind of controlling all the upgrades on these cars are very tricky,” noted Dick. FuelTech USA had been tinkering with their C8 for about a year and after 4,000 miles, they still had boost issues. Getting a more custom clutch and turbos as well as installing the electronics was to be part of the solution. [Read Full Article](  [Start-Ups Aim To Change Car Battery Recycling, Clean Up World’s Most Polluting Industry](  At its recycling plant in Ghaziabad, on the outskirts of the Indian capital New Delhi, the firm uses machines that run on electricity to refine lead components from scrap batteries into briquettes, which are then cast into ingots and sold to battery manufacturers. Plastic and other components are recycled separately. A handful of startups are trying to find a new way to recycle used car batteries, using water, chemicals and electricity to produce lead instead of the hazardous, high-heat smelting that has been identified as the world’s most polluting industry. One of the first to bring a new recycling technology to market is ACE Green Recycling Inc, which has developed a room-temperature process that turns lead from scrap batteries into ingots, its Singapore-based CEO Nishchay Chadha told Reuters. At its recycling plant in Ghaziabad, on the outskirts of the Indian capital New Delhi, the firm uses machines that run on electricity to refine lead components from scrap batteries into briquettes, which are then cast into ingots and sold to battery manufacturers. Plastic and other components are recycled separately. Worldwide, the start-ups so far form only a tiny fraction of the lead battery recycling industry, which is estimated to be a $17.5 billion per year business, counting for just the lead value. But they claim the new technologies produce next to no emissions compared to traditional smelting. [Read Full Article](   [Returns At China Yongda Automobiles Services Holdings (HKG:3669) Appear To Be Weighed Down]( Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. That’s why when we briefly looked at China Yongda Automobiles Services Holdings’ (HKG:3669) ROCE trend, we were pretty happy with what we saw. Return On Capital Employed (ROCE): What is it? For those who don’t know, ROCE is a measure of a company’s yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on China Yongda Automobiles Services Holdings is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities) 0.14 = CN¥2.7b ÷ (CN¥35b – CN¥16b) (Based on the trailing twelve months to December 2020). Therefore, China Yongda Automobiles Services Holdings has an ROCE of 14%. On its own, that’s a standard return, however it’s much better than the 8.7% generated by the Specialty Retail industry. [Read Full Article](          Connect with the automobile news on social media platforms [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe](