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Tag Archive | "Formula One"
FORD SUES FERRARI OVER NEW F1 CAR
In one of the silliest lawsuits of its kind, Ford is suing Ferrari over the name of its new F1 racer the F150. The Formula One car was named to commemorate this year's celebration of the unification of Italy 150 years ago. The US car maker is claiming that the F150 moniker is too close to its F-150 pick-up truck. According to the law suit Ford claims that Ferrari is using the F150 name “in order to capitalise on and profit from the substantial goodwill that Ford has developed in the F-150 trademark, and in order to trade off of Ford's famous and winning trademark,” While Ford are not willing to comment publicly Ferrari are stunned. We are simply speechless," a Ferrari spokesman told Automotive News Europe in response to the lawsuit. He noted that the F150 is a racing-only Ferrari model, which is not for sale, either for private customers, or for racing teams.
Continue reading...FERRARI DEBUT 2011 F1 CHALLENGER
Friday, January 28, 2011
Ferrari have released the first pictures of it's 2011 Formula One challenger. The F150 is the fifty-seventh single-seater built by Ferrari specifically to compete in the Formula 1 World Championship. The company chose the name as a tribute and celebration of the one hundred and fiftieth anniversary of the Unification of Italy. The project, which goes by the internal code name of 662, represents the Scuderia’s interpretation of the technical and sporting regulations that apply this year. Various factors influenced the design of the car, especially on the aerodynamic front, to the extent that the F150 can be seen as severing ties with the recent past. The innovative aspects are in part dictated by changes to the regulations and partly down to original thinking from our designers. As far as the rule changes from 2010 are concerned, the double diffuser and the blown rear wing are banned, as is the use of apertures in the front part of the floor, while the use of an hydraulically controlled adjustable rear wing has been introduced. After an unofficial agreement saw its use banned for 2010, KERS is back this year, thanks partly to the increase in the car’s minimum weight and stricter controls on weight distribution figures. The Scuderia has decided to incorporate this technology on the F150 and this has had a significant impact on the design, also taking into account that the dimensions of the fuel cell are very different to what they were in 2009.
Continue reading...MELBOURNE’S GP ON BORROWED TIME ?
Sunday, January 23, 2011
Melbourne's Formula One Grand Prix looks to be on borrowed time with calls by the City's Lord Mayor to axe the race once it's contract is up in 2014. Writing in the top selling Australian newspaper The Herald-Sun, Melbourne Lord Mayor Robert Doyle said the Grand Prix had run it's race. "...it has been 20 fantastic years, the benefits to the city and the state have been enormous, but the cycle has run its course." he said. "In the end, it will be a government decision and one of the tough ones that Ted Baillieu faces in his first term. Does he undo the legacy of Jeff Kennett, his mentor, in his very first term and, ironically, through the same minister to first get the event, Louise Asher? My judgement would be: Get ready. Time's up."
Continue reading...WANNA OWN AN F1 TEAM ?
Saturday, January 22, 2011
Sir Frank Williams has moved to secure the long term future of Williams F1 with a plan to float the company on the stock exchange. In a statement released by the company overnight (Australian time) Sir Frank said that he had been considering how to secure the long-term ownership of Williams so that it will remain true to the aims with which it was originally established in 1977. “My goal then was to race in Formula One as an independent Constructor. This was and is my great passion and I will race for as long as I continue to be blessed with good health." he said. "It is also my desire that the team is in good shape to go on racing long after I am gone. To that end, it is prudent and necessary to plan for an ownership structure that will enable Williams to be an independent Constructor, owned and staffed by people committed to Formula One and to the sound business practices which have supported us over three decades." Although no firm decision has been made as yet, it is clear that this is something of a kite flying exersise by Williams to gauge support for such a float.
Continue reading...F1 SALE UNDER INVESTIGATION
Thursday, January 6, 2011
The financial dealings of Formula One and it's "colourful" head man Bernie Ecclestone are again coming into question after the arrest of a former executive at Bavaria’s state-backed bank BayernLB. Former BayernLB manager Gerhard Gribkowsky was arrested on Wednesday under suspicion of fraud, tax evasion and taking bribes. The investigation will look at whether Gribkowsky sold the bank’s Formula 1 holdings under questionable circumstances after BayernLB took control of bankrupt media mogul Leo Kirch’s stake in the sport. This was later sold to CVC Capital Partners who became the majority owner of Formula One. Prosecutors claim that the sale was made without "it's true value being being properly evaluated,” They claim that Gribkowsky in turn received $50 million in payments disguised via two consultancy agreements. They have not at this stage made any direct allegations of who may have paid those payments.
Continue reading...IS THE CAMS, AGP DEAL UNDER THREAT ?
Sunday, December 26, 2010
Is the recently signed agreement between CAMS and the Australian Grand Prix Corporation regarding the running of the 2011 Australian Grand Prix already under threat? Sources close to the Australian Grand Prix Corporation have told In Pit Lane that the AGP Corp. are furious with CAMS over their recent media releases and statements about the deal, which they say was a clear breach of a confidentiality clause in the agreement. According to the source, a letter has been sent to CAMS informing them of the alleged breach and the Corporation's anger. The Corporation has also allegedly sought advice from Australia's Competition watchdog the ACCC regarding their concern that CAMS role as the sole FIA approved Motorsport body in Australia may be in breach of Australia's anti monopoly laws. Clive Banfield, Media & Communications Co-Ordinator for CAMS told In Pit Lane that he had been in recent meetings with the AGPC and was not aware of any such problems.
Continue reading...IS F1 REALLY WELCOME IN KOREA ?
Thursday, November 18, 2010
South Korea recently hosted its first Formula One Grand Prix race at the Korea International Circuit in Yeongam, South Jeolea, turning on an entertaining race due to the unpredictable weather and conditions. Whilst it was commendable effort by the Koreans, beneath the gloss in the paddock of the Korea International Circuit there are very much [...]
Continue reading...LOTUS JOIN INDYCAR AS F1 ROW CONTINUES
Thursday, November 18, 2010
With the controversy continuing over the fight for the Lotus name in F1, now comes the news that Lotus will join the 2012 Indycar series as an engine supplier. Australian businessman and former Champ Car series co-owner Kevin Kalkhoven along with Gerry Forsythe are the men behind the move, with Cosworth to build the new engine. KV Racing, which Kalkhoven co-owns with former driver Jimmy Vasser is set to run the engine which will be announced at this year's LA Auto Show this Thursday at 5.00 PM local time. The announcment comes one week after General Motors annoced that Chevrolet would also be joining the series when the new regulations come into effect in 2012. Meanwhile the fight over the use of the Lotus name in Formula One next year has heightened with the news that Proton Holdings Bhd will buy a 25% stake in the Renault F1 team and changes the name of the team to Lotus Renault. Lotus Racing, which is led by Air Asia boss Tony Fernandes, intends to change the name of his team to Team Lotus next season after buying the rights from David Hunt a few months ago. The fight is almost certain to end up in London courts later this year.
Continue reading...IN PIT LANE November 16 (Full Audio)
Wednesday, November 17, 2010
The World Hydroplane Championships are heading to Lake Mulwala in North Eastern Victoria on November 26 - 28. We preview the big event with Hydroplane racers Grant Harrison and Paul Cunningham. Plus all the fallout from the final round of F1, the V8 Supercars from Tasmania, Chevy’s Indycar comeback and win the ultimate Island Magic experience.
Continue reading...IN PIT LANE November 9th (Full Audio) Michael Teychenne
Friday, November 12, 2010
When guests fail to front and newsreaders vanish into thin air, who do you call? No, it’s Michael Teychenne and he joins us to talk about Mark Webber, Team Orders and brings us up to speed on “Packed to the Rafters” RIP Melissa Rafter “We hardly knew you”
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Friday, February 11, 2011
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