The FIA has announced Formula One's sweeping new financial changes at The World Motorsport Council. Most notably, the FIA has introduced a £40 million 'budget cap' program to guarantee the future of current teams, while creating financial intensives to entice potential new teams into Formula One. The penny pinching goes so far as to also include the banning of re-fuelling and tyre warmers for the 2010 Championship. While not compulsory, those teams who do sign up to the program will receive numerous technical freedoms. These include unlimited wind tunnel testing and pre-season track time, along with movable front and rear wings as well as their engines being free of rev-limits. FIA President Max Mosely is quoted as saying “I think they may find it attractive because like everybody else they need to save money. They've got to think of their shareholders' money, and not just spend like in the old days.” Supporter of the concept of a budget cap, Sir Frank Williams, has raised concerns over the optional implementation of the initiative. “We would like to see all the teams operating to one set of regulations and under a budget cap in 2010 and that is the position we will be advocating within FOTA when we meet next week”. The Q&A media release on the FIA's website, stated that “There is one set of technical regulations and as always there are choices for all teams as to how they decide to attack the championships,”
Continue reading...Wednesday, April 29, 2009
The FIA has issued McLaren with a suspended 3 race ban after the team admitted it's guilt to the World Motorsport Council. In a statement issued just moments ago the FIA said: "Having regard to the open and honest way in which McLaren Team Principal, Mr Martin Whitmarsh, addressed the WMSC and the change in culture which he made clear has taken place in his organisation, the WMSC decided to suspend the application of the penalty it deems appropriate. "That penalty is a suspension of the team from three races of the FIA Formula One World Championship. This will only be applied if further facts emerge regarding the case or if, in the next 12 months, there is a further breach by the team of article 151c of the International Sporting Code." The finding means the team will be on the grid at Barcelona and Lewis Hamilton can continue his defence of his World title. Martin Whitmarsh, Team Principal for McLaren said in a statement released by the team "I would like to thank the FIA World Motor Sport Council members for affording me the opportunity to answer their questions this morning. We are aware that we made serious mistakes in Australia and Malaysia, and I was therefore very glad to be able to apologise for those mistakes once again. I was also pleased to be able to assure the FIA World Motor Sport Council members that we had taken appropriate action with a view to ensuring that such mistakes do not occur again." Of interest is the decision by the FIA not to impose a financial penalty on the team. In these tough economic times a large fine may have been just enough to push engine supplier Mercedes to re-examine their continued involvement with the sport. So the question needs to be asked, was the suspended 3 race ban adequate punishment for McLaren? In Pit Lane wants YOUR opinion just check out the In Pit Lane peoples poll in the bottom right hand corner of the website.
Continue reading...Wednesday, April 15, 2009
The FIA International Court of Appeal have backed the decision of stewards at both Melbourne and Sepang and declared the "double decker" diffusers of Brawn, Toyota & Williams to be legal. The decision has come as a huge blow to other teams who are now faced with the task of having to design and test similar devices during a tough season and with limited testing opportunities. Ferrari were quick to issue a statement expressing their disappointment about the decision. Stefano Domenicali, Team Principal for Scuderia Ferrari said that "...this decision forces us to intervene on fundamental areas of the car's design in order to be able to compete on an equal footing with some of the teams from a point of view of the technical regulations, and that will take time and money."
Continue reading...Saturday, March 21, 2009
Every year since 1996 when the Australian Grand Prix first came to Melbourne, I’ve always looked forward to it as the highlight of the year. The opportunity to watch my favorite sport live in person without exuberant travel expenses is always a good opportunity. To live that “chasing the dream” lifestyle if only for one week of the year. However, 2009 will set another precedent for me as I chose to shun the Australian Grand Prix at Albert Park and Formula 1 as a whole. To my friends that I have made over the years at Albert Park especially wonderful fellow fans and former members of the Super Aguri F1 team who have found employment elsewhere and are traveling to Melbourne, I apologize for not being able to see you at the AGP this year. For those of you who know me well, your first reaction to my statement above would be: “Is it only because Takuma Sato lost his ride?” That is partially correct. Amongst other arguments, for a sport to encourage and changing rules to suit overtaking then deny a competitor who doesn’t need rule changes to be able to overtake on track is well beyond me. However, that is not the entire story. I estimated I’ve spent over AUD$10,000 over the last 13 AGPs I’ve attended, and that is not including the souvenirs that I have purchased. However, I’ve found other than making friends at autograph alley and being given some very special privileges by Takuma Sato and his management as well as my friends at SAF1; my memories of the AGP are almost always of working like a slave for meager student wages to save up to fund my one big splurge each year at the AGP. However, for where the money has gone, I’ve learnt the hard way that trackside F1 fans are still very much being given a raw deal by F1, the FIA, race organizers and certain local businesses.
Continue reading...Wednesday, March 18, 2009
The long awaited FOTA statement was finally released on 5th of March detailing technical, commercial and regulations that have been agreed and will be implemented into future seasons of Formula 1 racing. While it is encouraging to see all team principals participating and agreeing to cement their vision of the future of the sport, the current economic situation and the unsustainable use of resources provided have now forced their hands on the teams to agree to many technical regulation changes. Most of which involve homologating and producing long life or single make components; thus reducing the fascination of and image of technical advancement of Formula 1 racing. This however does indeed take Formula 1 back to its roots before regulations of major components being required to self manufactured became applicable. However, it does not go as far back as off the shelf chassis as was the controversies over the last few years with the so-called customer cars. This does indeed cut down costs associated with the running of the cars however I don’t believe the cost cutting measures have gone far enough.
Continue reading...Friday, February 20, 2009
Bernie Ecclestone's plans for more Asian based night races has taken another step backwards as organisers of the Malaysian Grand Prix announced that there will be no night race at their circuit, at least until 2015. Like Melbourne, Australia, the promoters and the Malaysian Government were encouraged to considered a night race to better fit in with peak TV viewing times in Europe. Sepang Circuit Spokesperson Irwan Rahman said that installing a lighting system to illuminate the circuit, at a cost estimated of around USD$5.77 million, was too expensive, and there was no guarantee that it would increase the revenue. Like Melbourne, Malaysia has agreed to move the start time of the race to later in the day putting the race into an early morning time-slot in Europe.
Continue reading...Thursday, October 16, 2008
First it was Canada, now France. The French Grand Prix, the birthplace of Grand Prix racing has been cancelled. Nicolas Deschaux President of the French motor sport federation (FFSA), promoter of the French Grand Prix, told reporters that the 2009 French Grand Prix had been cancelled due to “economic problems“. “After examining the economic situation, the FFSA is to stop being the financial promoters of a Formula One Grand Prix“ he said. “As a result, as long as there is no promoter to succeed the FFSA, the French GP may not figure in the FIA calendar in 2009.“
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Friday, May 1, 2009
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