The five car manufacturers that owned Formula One teams last year needed to sell over 25,000 cars to break even on their investment in the sport, according to new research
Ferrari, Mercedes, BMW, Renault and Toyota spent a total of €608m (£539m) on F1, but in the year to date they sold 1.7m fewer vehicles than in 2008, leading to the latter three car manufacturers cutting their involvement in the sport.
F1’s industry monitor Formula Money calculated the number of cars the manufacturers needed to sell in order to cover their cost of competing … Details
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This season, the Lotus name will make an historic return to Formula 1. Unsurprisingly, the efforts of the Malaysian-backed team have attracted huge interest as it bids to not only emerge as best of the new outfits, but also take on some established names.
At the center of the push behind Lotus is team principal Tony Fernandes – the flamboyant entrepreneur who juggles his time between his AirAsia business, the music industry and now F1. Here, he discusses how progress is going, his vision for the future of the sport and why only a night race at Silverstone will prove to him that F1 has become truly global … Details
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On June 4, 1967, Jim Clark won the Dutch F1 Grand Prix in a Cosworth-powered Lotus. That was Cosworth’s first F1 win, and they went on to become the most successful engine builder in F1 history.
Numerous F1 world champions were propelled to victory by Cosworth engines … Details
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Team US F1 sporting director Peter Windsor says his outfit’s plans to enter Formula 1 are fully on schedule – even though it has kept out of the spotlight compared to its fellow new members of the grand prix community.
While Campos, Lotus and Virgin Racing have begun announcing drivers, sponsors and their full plans for 2010, US F1 has been working away in private getting … Details
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