Le 30/05, 09:42
The IPO of Formula One is expected soon, and John Elkann, CEO of the Exor conglomerate, parent company of FIAT and Ferrari, acknowledged during a meeting with shareholders that he had abandoned plans to invest in Formula One. The financial operation was planned in collaboration with News Corp, but the stock exchange listing price was deemed too high.
Le 29/05, 12:39
The attorneys in Austin must be rubbing their hands: the legal battle between Circuit of the Americas and Tavo Hellmund is not about to end as both parties remain firmly entrenched in their respective positions.
Le 25/05, 17:12
It seems that Peter Brabeck is increasingly in the lead to become the president of F1. As a welcome bonus, he would receive an additional 0.2% on top of the 0.3% he already holds. This stake is valued at 50 million dollars by the sale carried out by CVC.
Le 23/05, 17:49
As the most glamorous Grand Prix of the year is about to take place in Monaco, Monza is in the spotlight due to a raid by the Italian financial police.
Le 23/05, 06:32
As a listing on the Singapore Stock Exchange seems increasingly likely, CVC Capital has decided to sell 21% of F1 to another consortium of investment funds for the sum of 1.6 billion euros. This values the discipline at over nine billion dollars.
Le 20/05, 18:07
Just after its agreement with the aerospace firm Rockwell Collins, Caterham has just forged a new agreement with a company in the same sector, Russian Helicopters.
Le 18/05, 16:50
Toro Rosso welcomes a new technical partner with Trilux, specializing in lighting products. Its LEDs will now illuminate the headquarters in Faenza and the Italian team's stand.
Le 16/05, 07:36
Formula 1 and aviation have many commonalities and similar technologies. This will be more true than ever with the agreement reached between Caterham and Rockwell Collins Aviation, which will be realized through collaborative research efforts.
Le 12/05, 12:55
It's a project that has been talked about for many years. It seems we are now entering the implementation phase: Interlagos plans to build an entirely new paddock for F1, which would be available from 2013.
Le 11/05, 10:30
While there are still two years left before the end of its contract, Montreal is already under pressure from Bernie Ecclestone. Indeed, he is already suggesting a figure of 15 million dollars in work as a prerequisite for any extension negotiations.
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