Filed under: Motorsports
Thursday, September 13th, the World Motor Sport Council will meet to decide on whether McLaren should be punished for industrial espionage in the Stepneygate affair. What had been winding its way to a peaceful conclusion has now been blown back open with the recent revelation that the drivers exchanged information that came from […]
Filed under: Motorsports, Mercedes Benz, Ferrari, Renault
We’re going to call this one a rumor for at least a little while, but wow. We just got wind of this monster deal that would really cause a major stir in the already tumultuous world of Formula One. News of the World just reported that two-time world driving […]
Filed under: Motorsports, Spyker
After losing 13m euros in the first half on 2007 and making limited progress in this season’s championship bout, Spyker has finally decided to offload its F1 team to a consortium of Indian investors. Orange India Holdings, headed by Vijay Mallya, chairman of the UB Group, purchased the company for 88m euro […]
Filed under: Motorsports
Following the sale of Spyker F1 (again), the new owners have announced the team’s new name: Force India. Indian investor Vijay Mallya got together with former Spyker Cars CEO Michiel Mol to buy the team from the financially-troubled niche sportscar manufacturer, which it now seems had no business in F1 to begin with. […]
Filed under: Motorsports, Hirings/Firings
With the 2007 season of Formula One racing now neatly tied up, the last few remaining seats for next year are filling up fast.
Following Mercedes’ release of Fernando Alonso from his contract with McLaren and his earlier reported letter of intent with Renault where he won his two world titles, Alonso looks […]
Filed under: Motorsports, Earnings/Financials
Reports emerging over the weekend indicate that GP2 has been purchased by CVC Capital Partners for a reported $300 million. Dang.
What’s GP2, you ask? It’s a second-tier “feeder” racing series started in 2005 to give up-and-coming drivers a place to display their skills on a worldwide scale and a place for […]
Filed under: Motorsports, Hirings/Firings, Mercedes Benz
It’s official: Fernando Alonso won’t be driving next year for McLaren. The double world champion just completed a tumultuous first season out of his contracted three years with the British team, but it was clear for all to see that the driver wasn’t happy, and the team wasn’t happy with […]
Filed under: Motorsports, Mercedes Benz, Ferrari, Renault
Formula One teams have long tried to glean insight into what their competition is doing, but this year’s spying scandals have exploded into all-out espionage. After the whole Stepneygate/Ferrari vs. McLaren thing, we thought that was the last we’d hear of spying until at least next year. But now […]
Filed under: Motorsports, Hirings/Firings, Honda, Ferrari
When Ross Brawn took a sabbatical last year from Scuderia Ferrari, the rumors started flying. Would he return to Ferrari? Would he sign with another team? Or would he retire from racing altogether? The rumor mill can stop churning now, as the mastermind behind Ferrari’s dominance of the Formula One […]
Filed under: Motorsports, Ferrari
The critics have been silenced, and silenced good.
Michael Schumacher retired a seven-time world champion, but his eighth title narrowly escaped him right down to the line at his farewell grand prix in 2006. Retiring after losing the championship two years in a row to a younger Fernando Alonso, many started asking if […]
