Joining Japanese rival Honda, Toyota announced its plans to withdraw from the FIA Formula One World Championship by the end of the 2009 season. “Toyota has engaged in F1 racing for eight seasons, starting in two thousand two,” Toyota’s President Akio Toyoda said at a press conference “But we will conclude our participation in F1 [...]
Michael Schumacher confirmed yesterday that Formula One racing is a pain in his neck – literally. With Schumacher unable to fill in for Felipe Massa, Scuderia Ferrari Marlboro announced that car number 3 will be driven by Luca Badoer. “I am very unhappy that a problem means that Michael cannot return to racing,” commented Ferrari’s [...]
Michael Schumacher has cancelled his much anticipated comeback to Formula One due to neck injuries from a motorcycling accident earlier this year. The 7-time world champion was scheduled to fill in for injured Ferrari driver Felipe Massa. Schumacher, 40, said that he informed Ferrari officials on Monday that he will not be able to step [...]
While we have sympathy for Ferrari Formula One injured driver Felipe Massa, we are very exited to see 7-time world champion Michael Schumacher return to the race track. According to reports coming out of Germany, Schumacher is to get almost $1 million per race. In addition to the $1 million, Schumacher is to get the same [...]
BMW surprised the Formula One world today by announcing their exit as a team and engine supplier at the end of 2009. “Resources freed up as a result are to be dedicated to the development of new drive technologies and projects in the field of sustainability,” BMW said in a statement. “BMW will continue to [...]
Vodaphone has launched their new Taxi Grand Prix fantasy racing campaign. Users can log on to the Taxi Grand Prix website, pick their team of taxi drivers and must have them finish the race before anyone else to win. The distance traveled by each taxi driver in real life is added to the player’s total points [...]
The Chrysler bankruptcy is like a test drive for General Motors. The struggling U.S. automaker is surviving on $15.4 billion in government loans and is under pressure from the government to restructure its debt and make concessions with the union by June 1 or face bankruptcy. GM talking to Renault for potential sale, Geely bids for [...]
After six months of painstaking work and $233,172, London’s Madame Tussauds unveiled a lifelike wax statue of Formula One Champion – Lewis Hamilton. Hamilton underwent 300 measurements for the statue which shows him holding his helmet and gloves dressed in his McLaren race gear. Hamilton’s wax statue joins Ayrton Senna, Nigel Mansell and Michael Schumacher [...]
You know that you’re a huge success when a wax figure of you is displayed at Madame Tussauds London. The famous museum announced today that work is underway on a wax figure of Formula One superstar Lewis Hamilton. Hamilton’s figure will join the lineup of sporting greats in the interactive Sports Zone in early 2009. Lewis sat [...]
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 [...]
