Race Start Thursday’s Strategy Group Meeting could prove pivotal to the direction the sport takes when expected technical regulation changes come into effect in 2017. Discussion, provoked by an overtly negative media majority which has failed to understand and thus embrace the sport’s current regulations, is rampant over how Formula 1 cars need to be changed to ensure better, closer racing. The disappointing reaction, a large proportion of the culpability for which can be laid at the door of the FIA for failing to publicise and properly explain the new regulations, coupled with the dominance of the Mercedes AMG team has been blamed for tumbling television figures in all but a few countries (the sport’s critically important market of North America being one of the few good news stories) and an ensuing panic amongst the decision makers that things need to change in order to stem the flow of fans away from the sport. The teams, via the Strategy Group, will once again be … [Read more...] about The Right Formula
Expected market return formula
TOKYO (AP) — Formula One is expected to add more races in Asia, including a street circuit in the capital of Vietnam, a country with little auto racing history that is on the verge of getting a marquee event. “We think Hanoi could come on in the next couple of years, and we’re working with the Hanoi government to that end,” Sean Bratches, Formula One’s managing director of commercial operations, told the Associated Press. There is even speculation it could be on the schedule next season, which Bratches rebuffed. Vietnam would join countries like Azerbaijan, Russia and Bahrain, which have Grand Prix races, little history in the sport, and authoritarian governments with deep pockets that serve F1 as it tries to expand into new markets. “This (Hanoi) is a street race where we can go downtown, where we can activate a large fan base,” Bratches said. “And you have extraordinary iconography from a television standpoint.” A second race in … [Read more...] about Street race in Vietnam could lead Formula One’s Asia expansion
Tweet TweetBMW withdrew from the world of Formula One after the 2009 season due to the severe global economic downturn. The German company was forced to cut costs, and although their Sauber outfit was competitive in the Constructors’ Championship in the 2007 and 2008 terms, finishing second and third respectively. Despite their relative success in the sport, the expense ended their involvement and they have not opted to re-join the action since. However, with new regulations coming into force for the 2021 term, there could be an opening for a return, considering that the financial markets have settled. The company had previously been solely an engine supplier, most notably in a six-year spell working with Williams between 2000 and 2005. The outfit came close to victories in the Constructors and Drivers’ Championship, with Juan Pablo Montoya reeling off back-to-back third-place finishes. Ralf Schumacher also enjoyed success with Williams during the run, notching six … [Read more...] about Could BMW Return to Formula One?
Recently Formula 1’s new management has revealed their proposals for the future of the sport, including a new engine specification from 2021 onwards. Several of the current and potential future manufacturers have voiced their opinions. Not surprisingly Ferrari has been very vocal, and have – once again – threatened to leave the sport entirely. In a conference call with analysts, the Chairman and CEO of Ferrari Sergio Marchionne said he was unimpressed with some of the changes that Liberty is proposing. Marchionne apparently said that walking away from Formula 1 would be a good thing for Ferrari’s shareholders. “It would be totally beneficial to the P&L”, he said. “We would be celebrating here until the cows come home.” This isn’t the first time Ferrari has threatened to leave the sport, in fact it’s become something of a regular cycle that Formula 1 finds itself in. Almost anytime changes are proposed in the sport that … [Read more...] about Why Ferrari’s shareholders won’t let them leave Formula 1
Jaguar already has a team in Formula E, the open wheel race series for electric cars. Soon it will begin production of the i-PACE, an all electric SUV to rival the Tesla Model X. The company says every car it sells will have an electric motor — whether in a hybrid, plug-in hybrid, or electric car — by 2020. What better way to showcase its newfound electric car prowess than by organizing a racing series featuring the I-PACE exclusively to run concurrent with Formula E races around the world beginning next year? The racing will be called the I-PACE eTROPHY and will kick off at the start of the fourth season of Formula E racing in October 2019. As many as 20 specially prepared I-PACE race cars will line up on Formula E race weekends at cities all around the world, such as Hong Kong, Paris, Sao Paulo, and New York to support the launch of Jaguar’s all-electric 5 passenger SUV. Technical specifications, race dates, and costs for the Jaguar I-PACE eTROPHY will be released … [Read more...] about Formula E Weekends Will Soon Feature Jaguar I-PACE eTROPHY Racing