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Posted on Wednesday, July 4, 2012

Gracia calls for 'prudence and respect' for de Villota

Spain's motor racing federation has vowed to help get to the bottom of the incident involving seriously injured female test driver Maria de Villota. But Carlos Gracia, president of the RFEdA, expressed caution in light of rampant speculation following the 32-year-old Spaniard's impact with a team truck whilst 'straightline testing' Marussia's 2012 car in the UK on Tuesday. De Villota is currently in hospital with reportedly "severe facial and head injuries". Amid some reports she was fighting for her life and unconscious for a long […]

Posted on Friday, June 29, 2012

Deep scepticism greets London GP idea

Deep scepticism has greeted Bernie Ecclestone's claim he is prepared to promote and pay for a London street race. The F1 chief executive's comments were made on the eve of a media event that took place on Thursday in the British capital organised by Santander, the sponsor of the British grand prix at Silverstone. That the Spanish bank's imaginary F1 layout for London was being suddenly touted as potentially real was "fantastic news" for the organiser and PR agency Sidhu and Simon, according to a […]

Posted on Thursday, June 28, 2012

Ecclestone calm as bribery scandal closes in

The judge who sentenced corrupt F1 banker Gerhard Gribkowsky on Wednesday described Bernie Ecclestone as the "driving force" of the $44 million bribery. Condemning Gribkowsky to eight and a half years in jail, presiding judge Peter Noll said in the Munich state court: "In this process we assume the driving force was Mr Ecclestone". The F1 chief executive "brought the accused into breaking the law and not the other way around", Noll added, according to the Financial Times. It is a strong indication that Ecclestone, […]

Posted on Wednesday, June 13, 2012

Montezemolo: F1 must react to European crisis

F1 must acknowledge Europe's financial crisis and cut costs urgently. That is the call of Luca di Montezemolo, president of Ferrari, the largest of the four Formula One teams that are headquartered in Europe outside of the UK. There is talk of the need for a sovereign bail-out in Italy, hot on the heels of Ferrari sponsor and Spanish bank Santander's long-term credit rating downgrade. "The world economic situation and that of Europe in particular is very serious and the world of Formula One cannot […]

Posted on Sunday, June 10, 2012

Bad news chasing Lotus team at present

There is little good news to report about the Lotus F1 team at present. The UK financial website thisismoney.co.uk reports that the Enstone based team has recorded a $32 million pre-tax loss for last year. It is however an improvement on the $63 million loss of 2010. But the news of the latest loss followed the dismissal by the team's former sponsor Group Lotus of its controversial chief executive Dany Bahar. Business journalist Christian Sylt said Group Lotus' Malaysian owner DRB-Hicom is contemplating "whether to […]

Posted on Friday, June 8, 2012

F1 on free TV could end in Britain says Ecclestone

Free-to-air television coverage of Formula One could end in Britain, chief executive Bernie Ecclestone has hinted. His comments follow the announcement that Rupert Murdoch's pay-channel Sky Italia will broadcast the sport in Italy in 2013. A similar arrangement is already in place in Britain, where Sky shares the rights with the BBC's now limited free-to-air coverage until 2018. The next step for Britain, Ecclestone suggested to F1 business journalist Christian Sylt, could be Sky getting the rights exclusively. "We will never move all countries to […]

Posted on Monday, May 14, 2012

Williams F1 Team Statement

An update on team members following Sunday's fire

Posted on Friday, May 4, 2012

Fernandes rues lack of Malaysian support for Caterham

Tony Fernandes has admitted he would have liked corporate Malaysia to have backed his Formula 1 team. The Malaysian entrepreneur founded a UK based start-up team in 2010, calling it Team Lotus before a bitter spat developed with the Lotus name's owner Proton. "While I was building a Formula 1 team, I was being sued by my own countrymen," he told The Star newspaper. "We're the only true Formula 1 team developed in Malaysia." Now called Caterham, the team's only Malaysian sponsorship is from AirAsia […]

Posted on Thursday, April 26, 2012

Genii Capital considering buying Group Lotus

Rumours that F1 team owner Genii is contemplating buying the Group Lotus sports car company are continuing to gain steam. That is despite Genii's Gerard Lopez confirming recently that the Enstone based team has ended its sponsorship deal with the carmaker, even though the team will continue to carry the Lotus name. But subsequent media reports indicate that the newly Malaysian conglomerate DRB-Hicom owned Group Lotus is for sale. "Genii ... is thought to be interested, and its boss, Gerard Lopez, is said to have […]

Posted on Friday, April 20, 2012

Force India could skip second practice in Bahrain

Force India might skip Friday's second practice session in Bahrain. Two of the Silverstone based team's staff members returned to the UK earlier this week after a Molotov cocktail incident. The BBC is reporting rumours that other members are the team are now refusing to travel from the circuit back to their hotels after dark. That would mean Paul di Resta and Nico Hulkenberg will not be able to practice in the second 90 minute session scheduled for 2pm local. The BBC said the rumour […]

Posted on Saturday, March 24, 2012

Gascoyne would choose Button over Hamilton

If Caterham's Mike Gascoyne was in the market for a McLaren driver, he would sign Jenson Button. The green-clad team's technical boss, Gascoyne, was at Renault in 2002 when it was decided to oust Button in favour of Fernando Alonso. But a decade on, Gascoyne says the tables have now turned, as 2009 world champion Button now heads the 2012 points standings for McLaren. "We weren't wrong (to replace Button), Fernando won two titles very quickly, but Jenson has developed into a hell of a […]

Posted on Friday, February 24, 2012

Marussia Barcelona Day 4

Barcelona Test - Day 4 - 24 February 20 12 After three positive days of running at the Circuit de Catalunya this week, the tide turned for the Marussia F1 Team this morning when a problem confined the MVR-0 2 to the garage for the start of the session. The issue centred around a damaged suspension component to the right rear corner of the car. The team spent the morning inspecting the part and trying to understand how the damage had occurred. A replacement part […]