Archive for the ‘Automobile’ Category
The effects of the global recession are catching up with the Williams Formula One (F1) team, with the outfit now branching into other businesses in an effort to supplement income.
Williams F1 chief executive officer Adam Parr said it was “carefully†exploring other opportunities that won’t affect its F1-related activities in any way.
“As part of our strategy in a bear market, we are trying to diversify our business a little bit,†he told StarBiz during the second leg of the 2009 F1 Grand Prix earlier this month.
He said Williams F1 was currently designing the cars that would be used for the 2009 Formula Two (F2) season, scheduled to start in May…. Details