Nyck de Vries’ exit from Formula 1 was watched by those around him with anguish. His childhood dream, which he spent his career working towards, ended far more quickly than he must have expected after starting what was supposed to be his first full season. Advert | Become a Supporter & go ad-free Red Bull made the tough decision to replace him after less than half a season, placing Daniel Ricciardo at AlphaTauri before the Hungarian Grand Prix. On paper it made sense: Despite his team mate Yuki Tsunoda having just two points on the board at the time, De Vries was yet to get off the mark and had made some costly errors on-track. The axe fell after three tough races finishing near the back in Canada, Austria and Great Britain. Losing his seat before the halfway mark in the championship, shortly before his home race, seemed particularly tough even for the cutthroat world of Formula 1. Lewis Hamilton , Charles Leclerc, Yuki Tsunoda and Alex Albon all spoke out … [Read more...] about De Vries ready to fight for Formula E titles again after “hurt” of losing F1 drive
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Aston Martin posts £53m loss for 2022 F1 season
The team made a bigger loss despite upping its turnover from sponsorship and prize money by over £ 32m, with the numbers reflecting an overall increase in costs in the first year of the new regulations. Following a reorganisation, the team now operates under the banner of AMR GP Limited, which is a subsidiary of AMR GP Holdings Limited, although the headline numbers across the two entities are in effect the same. Figures released to the public domain this week show that AMR GP generated turnover in 2022 of £ 188,728,000, up from £ 150,438,000 in 2021. The overall cost of sales, a measure of what the team actually spent to go racing, rose to £ 152,046,00 from £ 107,735,000. With administrative expenses and other income such as government grants taken into account, that resulted in a loss for 2022 of £ 52,915,000, compared with £ 43,332,000 in 2021. Overall staff costs for the group were listed as £ 54,983,000, an increase of around 10% on the previous year. … [Read more...] about Aston Martin posts £53m loss for 2022 F1 season
Toyota give ‘clear’ response to questions over future F1 return
Ex-F1 racer and current Toyota Gazoo Racing Europe vice chairman Kazuki Nakajima said it is a “clear no” currently to the manufacturer returning to Formula 1, but that could change. Toyota joined the world of Formula 1 back in 2002, and while they made 13 visits to the podium throughout their tenure, the team was never able to claim a grand prix victory. Come the end of the 2009 campaign, Toyota would bow out of Formula 1 as a constructor and engine manufacturer and have not appeared in the series since. Toyota cold stance on Formula 1 return could change During the Japanese Grand Prix race weekend, home soil for Toyota, McLaren announced the signing of Toyota endurance racer Ryō Hirakawa as their reserve driver for F1 2024, paving the way for rumours to bubble up again over potential Toyota interest in a return to F1, considering this signing came as a rather left-field one. And while former Williams driver Nakajima said this is definitely not on the cards for now, he did … [Read more...] about Toyota give ‘clear’ response to questions over future F1 return