Jun.29 (GMM) Former F1 team owner Eddie Jordan has scoffed at the huge valuation of Renault’s Formula 1 outfit Alpine. It emerged this week that Hollywood actors and investment companies are part of a EUR 200 million, 24 per cent buyout of the Enstone based team. That values Alpine at almost a billion dollars. “I […]
Category: Recent stories
New name, driver for Alpha Tauri in 2024 – Marko
Jun.29 (GMM) Dr Helmut Marko has confirmed that Alpha Tauri will have a new name for 2024. It has already been announced that Red Bull’s second Formula 1 team will undergo a full leadership shakeup at the end of the year, with Laurent Mekies (Ferrari) and Peter Bayer (FIA) drafted in to replace Franz Tost. […]
Ricciardo, Perez comments ‘out of context’ – Marko
Jun.29 (GMM) Dr Helmut Marko says his latest comments about Daniel Ricciardo and Sergio Perez were “taken out of context”. Red Bull’s 80-year-old top official said he will “evaluate” Australian Ricciardo’s form at the post-British GP Pirelli tyre test, adding that the team needs to “keep our options open” about Sergio Perez’s successor. “A lot […]
Hamilton wrong about cockpit position – Allison
Jun.29 (GMM) James Allison has hit back at the notion that a cockpit position tweak could be the key to Lewis Hamilton’s return to winning form. There is no doubt that the latest major upgrade to Mercedes’ 2022 and 2023 ‘no sidepods’ car concept has finally put the team on the right track to chasing […]
Ricciardo a ‘safe bet’ to replace Perez – Berger
Jun.28 (GMM) Daniel Ricciardo would be a “safe bet” as Max Verstappen’s next teammate at the dominant Red Bull team, according to F1 legend Gerhard Berger. After abandoning his role as Verstappen’s teammate after the 2018 season, Australian Ricciardo’s Formula 1 career began to nosedive first at Renault and then at McLaren. But after losing […]
Stroll boasts about ‘stagging’ F1 investments
Jun.28 (GMM) Lawrence Stroll says Aston Martin’s performance in Formula 1 is now flowing directly into the coffers. After finishing a long way ahead of the Stroll-owned Silverstone based team in 2022, Alpine’s CEO Laurent Rossi says the step Aston Martin took over the winter was a “reality check”. “It’s true for everything – for […]
Budget cap penalty to have ‘massive’ impact – Wache
Jun.28 (GMM) Although Red Bull’s rivals have taken steps towards the dominant F1 team’s dominance recently, Alex Wurz says Max Verstappen is the clear favourite for the Austrian GP this weekend. “They have a car with good top speed, good downforce in slow corners and little drag on the straights. That’s what’s needed at the […]
Aston Martin leap a ‘reality check’ for Alpine – CEO
Jun.28 (GMM) Alpine’s sale of a EUR 200 million stake in its Renault-owned Formula 1 team could be linked with the realisation of what it takes to step up the grid. The Enstone based outfit is currently in the midst of a 100-race plan to get itself into a front-running position – but Alpine CEO […]
Palou could replace de Vries at Alpha Tauri – report
Jun.28 (GMM) Nyck de Vries appears to still be under mammoth pressure to keep his seat at Alpha Tauri. After a difficult start to the 28-year-old rookie’s first full-time Formula 1 drive this year, team owner Red Bull’s Dr Helmut Marko indicated that the Dutchman could soon be ousted. He then showed signs of improving […]
Alpha Tauri almost became top Red Bull team – Marko
Jun.27 (GMM) Dr Helmut Marko says the team that ultimately became Alpha Tauri was once in the running to be Red Bull’s premier outfit in Formula 1. This weekend’s Austrian GP at the Red Bull Ring will be the first held since the death late last year of team founder Dietrich Mateschitz. “We come with […]
Mercedes cannot ‘pressure’ Verstappen yet – Wolff
Jun.27 (GMM) Mercedes is not yet ready to put Max Verstappen “under pressure” for race wins, Toto Wolff has admitted. Brackley based Mercedes had a tough and soul-searching start to the 2023 season with another ‘no sidepods’ car concept – but that has now been scrapped mid-season. The team is now edging closer to Aston […]
Michelin ‘surprised’ Bridgestone eying F1 deal
Jun.27 (GMM) Michelin’s motorsport boss says he’d be “surprised” if Bridgestone really is serious about taking over from Pirelli as the sole tyre supplier in Formula 1. It is believed the FIA has now approved the technical applications of both Pirelli and Bridgestone for the contractual period beyond 2024, with commercial negotiations now set to […]
Groups scrambling to join F1’s billion-dollar moment
Jun.27 (GMM) Formula 1 teams are reportedly worth at least a billion dollars each – even back-of-the-grid Williams. On Monday, Renault-owned Alpine confirmed that it has sold 24 percent of the Enstone-based team – not including the Viry (France) engine HQ – for EUR 200 million. “The transaction values Alpine Racing Ltd around $900 million […]
Liberty gives hope to Andretti-Cadillac’s F1 team bid
Jun.26 (GMM) Greg Maffei, the CEO of the American company that owns Formula 1, has given a big boost to Michael Andretti’s bid to enter the sport’s 11th team. Speaking on the Walker and Dunlop Webcast, however, he admitted not only that many of the existing teams are pushing back on the idea, but that […]
Investment firm buying into F1 team Alpine – report
Jun.26 (GMM) Renault is in talks with a private investment firm about selling a “minority” share in the Formula 1 team Alpine. Alpine CEO Laurent Rossi caused major waves recently when he hit out at the Enstone and Viry-based team’s questionable progress in 2023. And now, Bloomberg claims team owner Renault is in talks with […]
Verstappen open to any Red Bull teammate – manager
Jun.26 (GMM) Max Verstappen’s manager says he’s not interested in helping another driver thrive in Formula 1. Raymond Vermeulen manages the back-to-back reigning world champion’s career in collaboration with Max’s father Jos – whom he also managed. But he told the Dutch magazine Formule 1: “I could never muster the energy I have for Max […]
Red Bull to ‘evaluate’ Ricciardo with F1 test
Jun.26 (GMM) Daniel Ricciardo’s hopes of returning to Formula 1 have been given a major boost by Dr Helmut Marko. Marko signed up the axed McLaren driver, and former teammate to Max Verstappen at Red Bull Racing, to be Red Bull’s reserve, test and ambassadorial driver this year. Ricciardo, 33, has already been linked with […]
Parts of Alpha Tauri to move to UK – Marko
Jun.26 (GMM) Dr Helmut Marko has lifted the existential pressure off Red Bull’s second Formula 1 team Alpha Tauri, off the back of rumours suggesting the outfit will be sold. Marko says it is clear that the Italian-based team is still proving its worth as a training ground for Red Bull’s premier outfit. “We are […]
Pirelli admits Bridgestone F1 bid a ‘great challenge’
Jun.26 (GMM) Pirelli’s Formula 1 boss Mario Isola admits the Italian company is facing a “great challenge” in fending off the bid launched by rival tyre maker Bridgestone. It is now all but official that the Japanese marque Bridgestone has entered the tender process to oust Pirelli as F1’s sole tyre supplier from 2025. Isola […]
F1 to turn up engine volume in 2026 – CEO
Jun.26 (GMM) Formula 1 will turn up the engine volume with the new regulations from 2026, the sport’s CEO has announced. Seven time world champion Lewis Hamilton admitted recently that the old scream of the pre-2014 normally-aspirated engines is one thing he misses about the past. “If we can have clean efficient cars that make […]