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Hennessey Venom F5 will officially debut this summer

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Honestly, we almost forgot about the Hennessey Venom F5. Maybe we got distracted by other speed demons like the Bugatti Chiron Super Sport 300+ and Koenigsegg Jesko Absolut – both of which are capable of breaking 300+ mph. But in reality, it had something to do with the long wait.

You see, Hennessey revealed the Venom F5 way back in 2014. When first announced roughly six years ago, Hennessey claimed the Venom F5 has a top speed of 290 mph. Last year, company founder John Hennessey and his team at Hennessey Special Vehicles (HSV) commenced prototype testing of the highly-anticipated Venom F5 hypercar. Hennessey also released a few images of the car in bright yellow paint.

But in a recent Facebook post, Hennessey Performance is making sure that we won’t be forgetting about the Venom F5 in the foreseeable future. The Texas-based tuning company boldly announced the first production Venom F5 is arriving this summer, and it will come with a video showing the car breaking past 500+ kph or 310+ mph.

After many years of waiting, the Venom F5 is slated to fulfill its promise of being the fastest ever production car. It has a massive 6.6-liter turbocharged V8 motor with 1,817 horsepower and 1,193 pound-feet of torque. Curiously, the Venom F5 is producing almost the same numbers as the Koenigsegg Jesko Absolut – 1,600 horsepower (E85 fuel) and 1,106 pound-feet of torque from a smaller-displacement 5.0-liter twin-turbo V8 – so we reckon it’s going to be an interesting battle as both are vying for the title of the fastest car in the world.

Built atop a carbon-fiber tub developed jointly with Delta Motorsport, the Hennessey Venom F5 is purported to be lighter than a VW Golf R. According to Hennessey, the Venom F5 weighs below 3,000 pounds (1,360 kilograms) while the torsional rigidity is measured at 38,353 pound-feet per degree, which we assume is rigid enough to handle 1,800 horsepower and a top speed of over 310 mph.

The new Hennessey Venom F5 is not only quick – or possibly the quickest car in the world – but it’s also extremely limited edition. Hennessey is committed to only build 24 examples of the Venom F5 coupe with base prices hovering in the $1.8-million mark. Out of the 24 units, 12 are destined for the American market while the remaining 12 are for global customers.

Apparently, U.S. allocations are close to being sold out. This means there’s still hope if you’ve been itching to get your hands on what is possibly the fastest car ever produced. Hennessey is also making a roadster variant of the Venom F5, but it won’t be arriving until late 2021.

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BMW iX5 Hydrogen Production Starts, But Don’t Expect To See This Fuel-Cell SUV In Dealerships

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The reality, though, is that even with a small number of BMW iX5 Hydrogen SUVs being produced — using individual fuel-cells supplied by Toyota, but assembled into a stack by BMW using the automaker’s own processes and technologies — the expectation is that hydrogen as a fuel will be predominantly of interest to non-passenger vehicles. Instead, it arguably makes the most sense, BMW suggests, for larger vehicles like medium- to heavy-duty trucks, along with the marine and aviation sectors. We’ve already seen Toyota reveal its plans for such an FCEV truck.

Despite that, and an acknowledgment that battery-electric vehicles will undoubtedly lead in the mainstream, BMW still believes there’s a place for FCEVs. After all, the automaker argues, if the infrastructure is being built to cater for trucks, there’s no reason not to also use it for passenger vehicles like the iX5 Hydrogen.

The results of the small-series production beginning today will be used as technology demonstrators across select regions from spring 2023, BMW says. It’s unclear at this point how many will be built. Depending on the reception and the strengths of the technology, series production of a first model could follow mid-decade, ahead of a potential full portfolio of BMW FCEVs from the 2030s onwards.

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Tesla Set To Deliver The First Semi To Pepsi

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In October, Tesla’s CEO revealed that the production of the Tesla Semi had begun, and it was bound to be delivered today. Tesla has already started the countdown, and we expect the unveiling event to go down at the Nevada factory. The electric truck will be dispatched to Pepsi, which had ordered 100 units. Investor reports that Tesla’s stock price increased by 7.7% on Wednesday, probably in anticipation of Tesla’s Semi first delivery.

Musk tweeted on Saturday that the “Tesla team just completed a 500-mile drive with a Tesla Semi weighing in at 81,000 lbs!” However, considering that Musk said that the company is dealing with supply chain issues and market inflation, it’s unclear if Tesla will stick to the original $180,000 price it intended to sell at when it was announced in 2017. Then again, Tesla offers a cheaper Semi that will be available for about $150,000 — but it can only achieve up to 300 miles at full load capacity. For now, we can only wait until it’s on the road to confirm if the specs match up to what was promised five years ago.  

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Coinbase Joins Elon Musk In Slamming The Apple App Store Tax

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Coinbase complained that Apple’s insistence on its cut unreasonably interfered with its business.

Coinbase’s argument was largely the same as Elon Musk’s, and the basis of Epic Games’ aforementioned lawsuit. According to all of the above, Apple was half of a duopoly: with Google, it controlled the global app marketplace. The “duopoly” part of the argument is pretty much incontrovertible: As of October 2022, both Apple and Google control 99.43% of the global smartphone market between them (via StatCounter). Both get a 30% cut of everyone’s action on its marketplace. From the perspective of Coinbase, that took too much money out of too many elements of its business.

Epic sued over that and, as noted above, won with an asterisk. Apple had restricted in-app purchases, and courts found that anticompetitive, but did require that Apple get a 30% cut of the profits, even though they took place in someone else’s app. In short, according to the Verge, the court said that if you’ve found a way to make money using iOS, you owe Apple 30%, period.

Epic thought in-app purchases should be exempted from the tax. Coinbase thinks elements of the NFT development process — in this case, gas prices to run the processing equipment necessary to mint NFTs — should be exempt from Apple’s app tax. Apple treats all user expenses on an app as in-app purchases and, per the Epic court decision, in-app purchases mean Apple gets a cut.

It’s not a simple problem, and it’s not likely to be solved anytime soon. Stakeholders and regulators have barely begun to integrate cryptocurrency and NFTs into the conventional marketplace. Who gets paid for what is likely to be a conversation for years on end. For now, all that’s certain is that conversation has begun.

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