Following Honda’s shocking announcement yesterday of killing its Formula One business, Mercedes-Benz has announced that its Formula One teams have been asked to cut their costs by a 50 percent over the next two years. “Within the Formula One Teams Association we’re working very hard on measures to cut costs, and over the next two [...]
A very shocking report is coming out of Japan this morning – Honda has announced it is pulling the plug on its Formula One racing division. Honda’s CEO Takeo Fukui said that due to the slowdown in the global economy, Honda must focus on its core business and is unable to continue backing the F1 team. He said [...]
There are many reasons why you wouldn’t want to piss off an Italian individual. Joining the list today is that he might break his TV in anger. Ferrari’s president Luca di Montezemolo smashed his television set after watching McLaren’s Lewis Hamilton take the F1 world title from Felipe Massa last week at the Brazilian Grand [...]
While Felipe Massa may trying to spoil things for Lewis Hamilton, trying to salvage Ferrari’s so-so season in Formula 1, Ferrari has announced that it may leave F1 altogether. In a statement released by Ferrari that flaunts the company 22.3 percent growth in revenue, a threat to leave F1 racing was clearly made. “The Board [...]
Celebrity magazine Hello!, released photos of Tamara Ecclestone, daughter of F1 boss Bernie Ecclestone, posing wrapped up in a checkered flag in order to raise awareness for her pet cause. The photos are for PETA’s, People for the Ethical Treatment of Animals, latest campaign “I would rather go naked than wear fur.” Tamara, 25, is [...]
Well at least we now know that the Stig isn’t Fernando Alonso or Lewis Hamilton . At the British Grand Prix last weekend, the Stig was present to drive one lucky man around the Silverstone track. Before the F1 cars went at it, the Stig gave one lucky man, who one £5million in the lottery, [...]
