Spanish media reports claim that Fernando Alonso could earn up to 150 million Euros ($218m) with Ferrari if the Italian team picks up its option to extend its three-year deal with the Spanish driver for an additional three years. However, Ferrari has denied the reports, calling them “nothing to do with reality.”
Speculation has it that Alonso will receive a base salary in the region of 25m Euros ($36m) per year for each of the next three seasons – which would be $5m less than Raikkonen has been paid since he joined Ferrari in 2007. However, it’s believed that Ferrari had to pay … Details
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New Ferrari signing Fernando Alonso is already under pressure to deliver the Italian team a Formula One title.
Ferrari confirmed Thursday that Alonso would leave Renault and join the team for 2010 on a three-year contract. There had been a previous agreement — made public Thursday — for him to join in 2011, but he will arrive a year early after Ferrari agreed to buy out the 2010 contract of ousted driver Kimi Raikkonen.
“There will be a pressure to win titles,” Alonso said from Suzuka … Details
The renewed hopes of Saturn for a life without General Motors were dashed today with the announcement by the Penske Automotive Group that it has canceled plans to acquire the division. The decision appears to mean the end for Saturn.
Penske says it had an agreement to source vehicles from another automaker to sell under the Saturn brand, but that the automaker’s board rejected the deal.
“Without that agreement,†Penske Automotive said… Details
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Danica Patrick says she is still working on a possible transition to NASCAR, and refused to confirm reports that she had reaching an agreement with Andretti Green Racing to remain in the IndyCar series.
Speaking during her team’s test at Homestead-Miami Speedway today, Patrick remained tight-lipped about her new AGR deal – which has been hinted at but not officially confirmed by the team – and hinted that a progressive move into NASCAR was still on the cards… Details
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