Mercedes doesn’t intent to pull out of Formula One racing despite large first-quarter losses by its parent company and massive cost-saving measures.
Daimler, the parent company, reported a net loss of $1.7 billion in the January-March period compared with a net profit of more than $1.74 billion in the first quarter of 2008.
“We look into our Formula One commitment every year. But even if we dropped out of Formula One now, we wouldn’t be saving a cent because the contracts are long-term,†Daimler’s chief financial officer Bodo Uebber said Tuesday.
Mercedes supplies engines to the McLaren, Brawn and Force India teams…Â Details
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PARIS — Formula One champion Lewis Hamilton’s title defense is in disarray just four races into the season, and things could get worse when his McLaren team faces charges of bringing the sport into disrepute at Wednesday’s hearing in Paris.
Hamilton trails championship leader Jenson Button by 22 points, and could fall further behind if the World Motor Sport Council severely punishes McLaren for lying to race stewards at the Australian Grand Prix last month.
Hamilton could face a race ban or a points deduction — perhaps …Â Details
Four lanes of state-of-the-art drag strip and Rich Christensen’s unique brand of motorized mayhem combine to make the perfect storm of street car drag racing.
This past Saturday marked an important milestone in street car drag racing. It was officially reborn. To use the hackneyed phrase one more time: “This changes everything.†Charlotte’s new state-of-the-art zMax drag strip has been open for a while, but this past Saturday, April 25, marked an important milestone: it was the first time zMax has used all four of its quarter-mile lanes at the same time for the same race… Details & Picture
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The 2010 Ford Fusion hybrid gets up to 41 mpg–officially. But with a little effort, you can easily double that.