Company sues Force India administrator

Sep.28 (GMM) The administrators who approved Lance Stroll’s recent Force India takeover are being sued. Last month, a Russian fertiliser company called Uralkali said the Force India administrator, FRP Advisory, did not take its “competitive bid” for the team seriously. Now, Uralkali says it is suing the administrators in London’s High Court for “substantial damages”. […]

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Zetsche retiring in 2019

Sep.28 (GMM) Dieter Zetsche, the chairman of F1 team Mercedes’ parent company Daimler, is stepping down. The Financial Times reports that the 65-year-old is retiring next year and will be replaced by fellow board member Ola Kallenius. Daimler said the change, with Zetsche returning after a two year period to be supervisory board chairman, is […]

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