Listen to this article Earlier this year, Aston Martin Lagonda rejected a proposal from Geely and InvestIndustrial for an equity investment, declaring "there is no basis for further discussion." At that time, the 109-year-old sports car marque argued the proposed deal was not an "attractive funding option or value creation opportunity for existing shareholders." However, there must have been further discussions because the situation has taken a 180-degree turn. Geely has now issued a press release stating it has reached an agreement with the Gaydon-based marque. China's largest privately-owned automotive technology group has inked a deal with Aston Martin Lagonda to purchase a 7.6 percent share in the British brand for an unspecified sum. Geely joins Saudi Arabia's Public Investment Fund, which has a 16.7 percent share in AM, and Yew Tree – the consortium led by Lawrence Stroll – with an 18.3 percent stake. In addition, Mercedes has a 9.7 percent stake. 2023 Aston Martin … [Read more...] about Geely Buys 7.6 Percent Stake In Aston Martin Lagonda
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Listen to this article Red Bull Max Verstappen, Red Bull Racing RB18 Photo by: Alessio Morgese Even before Red Bull streaked well clear of Ferrari in the 2022 constructors’ championship, it had both drivers signed up for next season. Stability is the name of the game as an uber-long deal to retain Max Verstappen means he will again lead the outfit over compliant team-mate Sergio Perez . Confirmed 2023 drivers Driver 1 : Max Verstappen – Red Bull has the reigning world champion under lock and key, with Verstappen contractually committed to the team until 2028 after signing a five-year extension earlier this season. The deal could net the driver up to €50million a year. Driver 2 : Sergio Perez – After winning this season’s Monaco Grand Prix, the Mexican let slip on his way to the podium that he’d just inked a new deal. Days later, it was announced that Perez had signed on until 2024. But he will need to address his late-campaign slump in form. … [Read more...] about 2023 Formula 1 driver market: Which drivers are going where?
Dropped by Williams, Nicholas Latifi acknowledges Formula 1 is a “performance based industry” and he just wasn’t getting the results. Unable to crack the top-ten this season, there has been a lot of speculation about Latifi and his future in Formula 1. The final nail came down at Monza where the Canadian had a debutant team-mate in the car alongside him with Nyck de Vries not only out-qualifying him but scoring in a grand prix where once again Latifi was point-less. The following week Williams announced they would not be renewing the driver’s contract , the 27-year-old out after three years with the team. Having scored just twice in his 55 starts and not at all this season despite both Alex Albon and De Vries recording top-ten finishes , Latifi concedes he didn’t get the results need. That he puts down to somethings “of my control, some out of my control”. Speaking publicly for the first time since the confirmation, he told the media at the Marina Bay circuit: “It’s … [Read more...] about Nicholas Latifi speaks publicly for first time on Williams axe
Hans-Joachim Stuck believes Haas should just re-sign Mick Schumacher – after all, they will not get a “driver like Lewis Hamilton” as his replacement. Haas are one of three Formula 1 teams with a seat open for next season, that is if one considers Pierre Gasly locked into AlphaTauri. That has given team boss Guenther Steiner options and time, the team boss adamant he will not be rushed into a decision. While he recently revealed Schumacher has a “50-50” chance of spending another season as Kevin Magnussen’s team-mate, he is not ready to nail his colours to that mast. As for Schumacher’s side, the 23-year-old is reportedly in talks with both Alpine and Williams, although the latter seems the more likely option should he not continue with Haas. Williams team boss Jost Capito has talked him up, telling Sky Deutschland the driver is “very fast and a good guy – he should be on the list of the teams that still have a seat”. Stuck is baffled as to why no team has yet snapped … [Read more...] about ‘Haas should sign Mick Schumacher because they won’t get a Lewis Hamilton’
Sky Sports has extended its exclusive deal to broadcast live coverage of Formula 1, F2 and FIA F3 in the United Kingdom. Advert | Become a Supporter & go ad-free The pay subscription broadcast provider has held rights to F1 since 2012 and became the exclusive live broadcaster in 2019. Its current deal runs until 2024. Sky Sports F1 is currently the only channel with rights to live F1 coverage in the UK, apart from the British Grand Prix, which it shares with Channel 4. The free-to-air broadcaster will continue to show that race live plus highlights of the others. Sky have also extended their exclusive broadcast rights in Germany and Italy, running until the end of the 2027 season. Those nations’ home race’ will also be shown live on a free-to-air station. The broadcaster promises more multi-screen options to allow viewers to follow the live racing, including driver trackers and onboard cameras. Formula 2, F3 and Porsche Supercup races will remain exclusive to … [Read more...] about Sky extends deal to broadcast F1 live in UK until 2029 · RaceFans
Listen to this article Street circuits are known for being mentally taxing despite the lower speeds involved, requiring full concentration at all times and little time for respite on the short straights. But Singapore is a beast like no other. It is renowned for being one of the hardest races to compete in both physically and mentally, meaning it requires a kind of preparation unlike any other race. Daniel Ricciardo says his first Singapore Grand Prix back in 2011 remains the toughest physical activity he has ever completed. "I wasn't prepared, and that sounds like I was partying all week!" he tells Motorsport.com. "I didn't realise how much the humidity and the relentless nature of that circuit with like no real straights to have a rest. I'd never really experienced anything like that." It didn't help that Ricciardo was then racing for backmarker outfit HRT, meaning he found himself four laps down by the chequered flag in 19th place - hardly the same kind of … [Read more...] about Why Singapore remains the toughest Formula 1 driver challenge
A frantic five weeks of racing ahead with the Singapore Grand Prix next on the schedule, and you can keep your finger on the pulse by watching on F1 TV Pro*. After another chance to recharge the batteries following the Italian Grand Prix, Formula 1 is back at full speed with race weekends to come in the next five weeks, starting with a long overdue return to the much-beloved Marina Bay circuit With F1 TV Pro, you’ll have absolutely everything you need as we find out whether Max Verstappen clinch the World Championship title for the second consecutive year. Put yourself at the heart of the Italian Grand Prix action with F1 TV Pro. Click here to sign up! The final countdown Max Verstappen is surging towards his second World Championship crown but, as the old saying goes, it ain’t over until the fat lady sings. Title race aside, it will still be a stunning spectacle regardless watching Verstappen face off against Ferrari under the night lights in Singapore. … [Read more...] about Watch all the live action from the Singapore Grand Prix with F1 TV Pro!
Several of Max Verstappen’s rivals have praised his performances this year as he arrives in Singapore able to clinch his second world championship with five races still to run. Advert | Become a Supporter & go ad-free With little chance Charles Leclerc or Sergio Perez will overturn Verstappen’s lead of well over 100 points, several of his rivals offered praise for the job he’s done in making the championship a foregone conclusion. Verstappen has won the last five races in a row, though he only started one of them from pole position. Other victories came from seventh ( Monza ), 10th (Hungaroring) and 14th (Spa). “It’s a very impressive season,” said Esteban Ocon . “Especially I think the way when Max was starting in the back and just flying through the field, I think this has been quite impressive in terms of just like first lap, knowing where to place the car. The season did not begin well for Verstappen. Two retirements in the first three races left … [Read more...] about Verstappen “on top of his game” say rivals as he closes on second title · RaceFans
Ferrari are more “concerned about getting back to winning” this season than beating Mercedes in the constructors’ championship, according to Carlos Sainz Jnr . Advert | Become a Supporter & go ad-free The team has four wins so far this year, while Mercedes are heading towards their first win-less season since 2011. Ferrari have a 35-point lead over their rivals with six races to go. Mercedes have cut into their points lead in recent races. Ferrari have only got a single car on the podium three times in the past five rounds, despite starting from pole position three times. Nonetheless Sainz said their priority is returning to winning ways rather than ensuring they claim the runner-up spot. “We are concerned about getting back to winning, more than [beating] Mercedes,” he said. “Honestly, we know we’ll get back to winning before the end of the season, then the battle with Mercedes should be sorted. “I think we have both cars always qualifying in the top three, … [Read more...] about Winning races, not beating Mercedes to second place, is Ferrari’s priority – Sainz · RaceFans