Dec.29 (GMM) Enzo Ferrari’s only living son Piero has backed the revolution at Maranello led by new president Sergio Marchionne. Having faltered at the start of the new turbo V6 era, Ferrari has undergone a radical shakeup involving an almost total clean-sweep of the top roles in red. Leading the charge now is Fiat Chrysler […]
Category: Recent stories
‘Worst year’ for F1 entrepreneur Fernandes
Dec.29 (GMM) Tony Fernandes’ already bad 2014 turned black at the weekend. This year, the Malaysian entrepreneur sold his ailing backmarker F1 team Caterham, his London football club Queens Park Rangers has disappointed, and now a flight operated by his airline AirAsia has gone missing en route to Singapore. The flight had 155 passengers and […]
Fears third F1 team could collapse – reports
Dec.29 (GMM) There are fears a third team could follow Caterham and Marussia out of F1 as the new year beckons. Caterham, although still in administration, is hoping to race in 2015 but Marussia’s assets and factory are being sold to pay back creditors. F1 business journalist Christian Sylt wrote in the Telegraph that the […]
Korea removed from latest 2015 calendar
Dec.29 (GMM) Korea has been removed from the latest 2015 calendar issued by F1’s governing body. Insiders were initially stunned early in December when next year’s schedule featured an unprecedented 21 grand prix dates and the return of a race in unpopular South Korea. Korean organisers played down the inclusion and even Bernie Ecclestone admitted […]
Loyal backers sticking with Schumacher
Dec.29 (GMM) A year after his skiing accident, Michael Schumacher has retained the loyal backing of most of his personal sponsors. It was reported earlier that, after the German mineral water company Rosbacher deal ended, Schumacher also lost the backing of the fashion brands Navyboot and Jet Set. However, the DPA news agency insists that […]
Verstappen debut ‘an insult’ – Villeneuve
Dec.22 (GMM) Jacques Villeneuve says the forthcoming debut of F1’s youngest ever race driver Max Verstappen is “an insult”. Just a year out of karts, 17-year-old Verstappen has been signed to drive for Red Bull’s junior F1 team Toro Rosso in 2015. The outspoken 1997 world champion told Italy’s Omnicorse: “Should I tell you the […]