The 2011 Australian Formula One Grand Prix cost Victorian taxpayers in excess of $50 million to run, the Victorian State Government announced today. Meanwhile, an independent costing report has estimated the immediate economic benefits to range between $32 million and $39 million and created 350 jobs. Despite this, Victorian tourism minister Louise Asher defended her government's subsidy of the race. 'You have to look at the whole year, at ongoing branding of Melbourne,' she said earlier today. This year's expense was a $700,000 increase on last year's estimated $49.3 million loss.
Continue reading...Monday, June 27, 2011
Sebastian Vettel led home the longest field in Formula One history to claim his sixth victory of the season in a largely uninspiring European Grand Prix. The German, now well accustomed to the sensation, dominated from pole to flag in flawless style as Red Bull's closest rivals in McLaren and Ferrari failed to make in impression on the leader. 'I tell you I enjoyed it so much,' he said. 'When it's just between you and the car... for some reason I enjoy this track.' 'We managed to put everything together for a faultless weekend. 'From beginning to the end, fantastic.' The most Vettel had to battle with was traffic as he set about lapping a full-length field, with all 24 cars finishing to make it the greatest number of drivers to complete a race. Fernando Alonso did well, however, to prove Ferrari's progress thus far this season to finish a confident second after a number of position changes with Australian Mark Webber, who managed third. 'It was an interesting race, for the fans and for the people watching on the TV, to see the fight with Webber all the way through,' reflected the home crowd favourite. 'The teams did a very good strategy by keeping the car out a few laps longer on the soft tyre. 'In the end I think the second place is the maximum we can have.' Webber held on to second place on the first lap after a spritely start from Felipe Massa, but eventually succumbed to a combination of KERS problems and Alonso's pace on the soft tyre. His gearbox would prevent him from challenging the Spaniard later in the race. 'I think we should have [been able to score a Red Bull one-two], but in the end we didn't,' conceded Webber. The fight between the two culminated in the final pit stop, which saw Webber gamble on an early switch to the prime compound. His pace on the opening few laps saw Alonso maintain his place after his stop, while a gearbox fault saw any chance of a fight back neutralised. 'It was my fault to miss second today. It was not really known how the medium tyre would perform on the out lap. '[But] I think it was my best race of the year, to be honest.'
Continue reading...Thursday, June 23, 2011
The FIA is set to delay the introduction of a revised engine formula until 2014 after a meeting of the Formula One commission in London overnight. Originally due to come in to force in 2013, the engine regulations will be put on hold for a year, with the formula changing from the planned 1.6 litre turbocharged four cylinder engines to a turbo V6 of the same capacity. 'We have had fruitful discussions with all the stakeholders following the last World Motor Sport Council meeting in Barcelona,' said a spokesperson for the FIA. 'We are very happy with the solution.'
Continue reading...Wednesday, May 11, 2011
Fisticuffs in NASCAR are now almost as common as the WWE. But in the world of Formula One things are usually more reserved. Well until now. Italian website 422race.com has printed what it claims are details of a fight involving Force India driver Adrian Sutil following the Chinese Grand Prix. According to the site,the other person involved was Eric Lux, Genii Capital's number two and right-hand man of Gerard Lopez, the owner of Lotus Renault GP.
Continue reading...Monday, March 28, 2011
ST. PETERSBURG, Fla. -- There are multiple advantages to starting on the front row on IZOD IndyCar Series road/street course. In the Honda Grand Prix of St. Petersburg, one was avoiding the six-car pile-up in Turn 1 of the first lap. Dario Franchitti and pole sitter Will Power were among those who kept their cars' noses clean at the start and subsequent side-by-side restarts through 100 laps on the 1.8-mile, 14-turn street circuit by the bay, and that's the way they completed the season opener. Franchitti made a strong start in his bid for a third consecutive series championship (only two others in Indy car history have accomplished it) by running away from Power and the remnants of the 24-car field to win for the first time at St. Pete.
Continue reading...Thursday, March 10, 2011
A race against time, like the Great Man setting his pole position laps around the world, I race to arrange an opportunity hundreds of kilometres away in a different state. An opportunity I wouldn’t want to miss for the world. The opportunity to view the result of Asif Kapadia and Manish Pandey’s project simply [...]
Continue reading...Monday, February 28, 2011
Despite the rumours, the new Infiniti sponsorship of Red Bull Racing will not see the team’s engines branded as Infiniti. The announcement was made at this weeks Geneva Auto Show but had been widely circulated by International media despite an embargo for midnight February 28th. Infiniti is the premium, luxury brand of Renault partner Nissan and is [...]
Continue reading...Friday, February 11, 2011
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...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...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.
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Saturday, July 23, 2011
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