Business Wire
BusinessMeta and Alphabet’s exposure to Jio Platforms faces a valuation test as India’s IPO hype buildsThe Apex TimesBusinessCathie Wood’s Ark cuts AMD in a $124 million shift within its AI stock basket, Yahoo Finance reportsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessMeta and Alphabet’s exposure to Jio Platforms faces a valuation test as India’s IPO hype buildsThe Apex TimesBusinessCathie Wood’s Ark cuts AMD in a $124 million shift within its AI stock basket, Yahoo Finance reportsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessMeta and Alphabet’s exposure to Jio Platforms faces a valuation test as India’s IPO hype buildsThe Apex TimesBusinessCathie Wood’s Ark cuts AMD in a $124 million shift within its AI stock basket, Yahoo Finance reportsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex TimesBusinessMeta and Alphabet’s exposure to Jio Platforms faces a valuation test as India’s IPO hype buildsThe Apex TimesBusinessCathie Wood’s Ark cuts AMD in a $124 million shift within its AI stock basket, Yahoo Finance reportsThe Apex TimesBusinessEli Lilly to buy Merida Biosciences for $2.88 billion, setting off investor focus on the deal’s strategic fitThe Apex TimesBusinessApple says it has evidence a former employee destroyed material after learning of an investigationThe Apex TimesBusinessTelecom comparison turns on profitability pace versus leverage: AT&T’s margin jump, Verizon’s debt loadThe Apex TimesBusinessAnthropic agrees to a $35 billion cloud computing deal tied to Nvidia-backed Lambda, report saysThe Apex TimesBusinessAMD has tended to fall in September, but market history is only part of the storyThe Apex TimesBusinessDuolingo shares jump after results point to steady user momentum, according to Yahoo FinanceThe Apex TimesBusinessNetflix confirms production of Korean series “Materesa (WT),” led by “Queen of Tears” director and writers behind “The East Palace”The Apex TimesBusinessFTC and 22 States Sue Amazon, Alleging It Secretly Marked Up Ads Shown to Marketplace SellersThe Apex TimesBusinessDeere shares gained as market focused on a jump in profitsThe Apex TimesBusinessBaird lifts Deere to Outperform, citing potential agricultural recovery and raises target to $800The Apex Times
Back to front
Toyota makes debut at Italy’s 1,000 Miglia with five classic cars led by the first-generation Crown
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jul 15, 8:39 PM EDT

Toyota makes debut at Italy’s 1,000 Miglia with five classic cars led by the first-generation Crown

The automaker says it entered a new 2026 category at the legendary Italian race and tested an iconic 1950s Crown under punishing road conditions.

Toyota’s long-distance challenge at the 1,000 Miglia in Italy ended up telling a two-sided story, beautiful on the outside and unforgiving underneath. The automaker said it made its first appearance at the race this year, fielding five vehicles led by the first-generation Crown and taking on a route designed for classic cars, not modern conveniences.

The 1,000 Miglia, often described as “the most beautiful race in the world,” runs through historic Italian landmarks and towns every year. Toyota’s release tied the event’s reputation to its heritage as a modern version of a public road race held nearly 100 years ago, with today’s format still challenging participating cars on real roads rather than purpose-built circuits.

Until this year, Toyota said the event’s entry rules effectively limited participation to the original cars that competed in the past, or to equivalent models. For 2026, the race created a new category intended to broaden eligibility to a wider range of celebrated cars, and Toyota entered that category with five vehicles including the first-generation Crown. Toyota also said this was the first time a Japanese automaker had entered the 1,000 Miglia.

The race itself spans more than 1,600 kilometers over five days. Toyota’s team did not frame the participation as a simple celebration of heritage. Instead, it emphasized how the combination of mountain roads, sharp elevation changes, and uneven cobblestones can be harsh on classic machinery, even when cars are specifically prepared for historic racing.

Toyota said that for all the spectacle and historic value, conditions during the event were brutal on the cars. It reported that the first-generation Crown, originally launched more than 70 years ago in 1955, was battered as the race progressed. The company cited overheating and other troubles that affected the vehicle, underscoring that the Crown’s age made it vulnerable to the physical demands of the route.

Toyota positioned the effort as both an engineering test and a cultural exchange. In its explanation, the automaker connected its participation to its motorsports philosophy, describing the effort as rooted in “ever-better carmaking” that draws on racing. It also said the team wanted to share Toyota’s journey and Japan’s car culture with an international audience by bringing the Crown and other classic entries to one of the best-known events on the calendar.

The automaker’s message suggested that the team’s goal was not just to start the race, but to complete it using the five-car group strategy that included the Crown as the centerpiece. Toyota said the attempt was aimed at finishing the challenge despite the conditions that punished classic cars on the course.

For Toyota and the broader auto industry, the 1,000 Miglia is one of those rare events where “brand heritage” has practical operational meaning. Unlike many marketing activations that rely on static exhibits, a road race demands that vehicles stay functional under sustained mechanical stress, including cooling demands on climbs and the shock loads created by rough road surfaces. That makes it an expensive and high-visibility way to demonstrate durability, even if the competitive result is not presented in Toyota’s release.

Still, some details remain unclear from Toyota’s account. The release does not specify the exact finishing outcome for the five cars, the severity of repairs needed after overheating, or whether the overheating led to a retirement for the Crown or others in the group. It also does not describe how the new 2026 eligibility category is structured, beyond noting that it expands the types of historically celebrated cars that may enter.

Why It Matters

  • The entry indicates Toyota’s continued emphasis on motorsports-derived know-how, using a high-stress classic road event to test reliability under demanding real-world conditions.
  • By tying the effort to a newly opened entry category, Toyota highlighted how participation rules can expand corporate and country representation in heritage motorsport.
  • The story reinforces that classic racing is operationally risky, even for carefully prepared vehicles, because route characteristics like cooling demands and rough road shock still matter.

Sources

Key Facts

  • Toyota said it made its first appearance at the 1,000 Miglia in 2026.
  • The automaker fielded five vehicles in the event’s new 2026 category, led by the first-generation Crown.
  • Toyota said this was the first time a Japanese automaker had entered the race.
  • The 1,000 Miglia runs more than 1,600 km over five days through historic locations in Italy.
  • Toyota described the route as punishing for classic cars due to mountain roads, elevation changes, and uneven cobblestones.
  • Toyota said the 1955-launched first-generation Crown experienced overheating and other troubles, leaving it battered.

Autos & Transport Related

Aug 31, 5:22 PM EDT
The Apex Times

Dow slips after Trump AI warning, Tesla shares rise ahead of a key event

A broader market retreat in the Dow Jones followed a warning from President Trump about artificial intelligence. Tesla stood out with gains, while other stocks reportedly moved around important technical levels ahead of an upcoming catalyst.

Dow slips after Trump AI warning, Tesla shares rise ahead of a key event
The Apex Times
Toyota makes debut at Italy’s 1,000 Miglia with five classic cars led by the first-generation Crown | The Apex Times