Le 09/03, 07:03
When Renault decided to sell 75% of its shares in the Renault F1 Team at the end of the 2009 season, its subsidiary had recorded a net profit before tax of 12.8 million euros despite a season marked by the Singapore Crashgate and the departure of many sponsors.
Le 07/03, 15:27
At this rate, it might become a specialty: still entangled in the lawsuit with Lotus Cars regarding the use of the name Lotus, the team still called Team Lotus will also have to appear again before British courts in January 2012, but against Force India this time. The latter accuses it of having violated its intellectual property through the Italian wind tunnel Aerolab in F1 2012.
Le 04/03, 14:27
The first edition of the Korean Grand Prix saw nearly 170,000 spectators crowding the stands. However, most of them attended the race for free, as the organizers did not want to show completely empty stands to the cameras of the whole world. For 2011, prices were therefore lowered to encourage more spectators to pay to attend the race.
Le 04/03, 13:55
Every year the investment becomes increasingly significant. After two years as a simple supplier and one season as an official partner, Thai beer company Singha is taking another step forward in its collaboration with Red Bull: it will now have a presence on the nose of the cars driven by Sebastian Vettel and Mark Webber.
Le 03/03, 17:21
If the first trading day of Williams did not necessarily meet the expectations of existing shareholders, some investors have already positioned themselves as significant shareholders in the Grove structure. Thus, Cyrte Investments, the investment holding of John de Mol, announced it has acquired 5% of the capital in the markets.
Le 01/03, 17:36
The discussions have therefore been fruitful: SingTel has decided to extend its contract as the title sponsor of the Singapore Grand Prix for the 2011 and 2012 editions.
Le 01/03, 15:56
Formula 1 teams make tens of thousands of new designs on their cars over the course of a single season. To do this, they have a vital need for a set of reliable software capable of handling such extensive technical data. McLaren has decided to entrust its product lifecycle management software to one of the global leaders in the field, Dassault Systèmes.
Le 01/03, 07:44
Until now, Red Bull's single-seaters almost exclusively featured the energy drink's logo. But winning the double title of world champion in 2010 has sponsors eager to display their logos alongside it. That's why Infiniti has just signed a large two-season agreement that does not include changing the engine's name.
Le 28/02, 23:44
Tomorrow, Williams will become the first Formula 1 team to go public. However, its competitors do not seem eager to follow the same path, as Andy Myers, McLaren's Chief Financial Officer, states that the Woking-based company currently has no plans of that nature.
Le 28/02, 17:09
This time, Mercedes GP completely deserves its name since Daimler, the parent company of Mercedes-Benz, and the Abu Dhabi investment fund Aabar are now 100% owners of the Brackley team, with a 60/40 split in favor of the Stuttgart manufacturer.
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