Starting in 2011, the 250cc MotoGP class will be replaced by a new class called Moto2. Rather than being a no-expenses-spared showcase of one-off exotica, it’s envisioned as a lower-cost way to encourage budding talent and smaller race teams. The bikes will be limited to 600cc engines with redlines of no greater than 16,000 rpm (less for Twins and Triples). In fact, the engines will…Â More infoÂ
MotoGP world champion Valentino Rossi fell during his first test of 2009 at the Sepang circuit but continued to ride despite having stitches in his hand and toe after an accident at home.
Returning to his favourite track to test in the heat and humidity on his new 2009 Yamaha, the Italian was beaming with confidence about his prospects of claiming the world championship title again…Â More info
General Motors and Chrysler may be strongly opposed to a Chapter 11 bankruptcy filing, but the U.S. Treasury Department could be planning to force their hand in the matter. Per a new report, the Treasury Department is readying a $40 billion financing package, should either of the Detroit automakers file for bankruptcy protection.
A person close to the situation revealed to Bloomberg that “everything is on the table†for GM and Chrysler, including possible Chapter 11 filings for both companies. President Obama wants all scenarios to be planned out, but is reportedly keeping bankruptcy talks quiet as to not upset the UAW… More info
Welcoming recessionary times and FIA rules changes, and promising to run a team as spare as its name, partners Ken Anderson and Peter Windsor on Tuesday announced the launch of Formula One team USF1.
Using a live television feed via Windsor’s current employer, Speed TV, the duo made formal their more than two-year-old secret that leaked its way to public knowledge in the past month. Windsor, whose title will be sporting director, said he and Anderson, team principal, have lined up necessary capital to field a team in the heretofore world’s most expensive motorsport that has seen a global recession help bring it to heel. USF1 stands to be F1 sans bling.
“We’ve got an approach we want to bring into the sport that we want to do well,” Windsor said. “The key to that was not selling any more than a very small stake in the team. So we set some unbelievably steep hills to climb, in a recession. We just wanted to sell off a small part of the team, and I’m pleased to say that as we sit here now we’ve done that and we’re now two guys who can say we’re going to do a Formula One team…Â More info