McLaren borrows EUR48m for car factory
Aug.1 (GMM) McLaren has reportedly borrowed nearly EUR50 million to build its new production car factory and buy back the formula one team from Mercedes. The Independent newspaper said it the first debt the Woking based company has taken on since 2005. A spokesman said the HSBC loan will also “provide head room on its [...]
Klien keen to race for Hispania this year
Aug.1 (GMM) Christian Klien could soon get a race at the wheel of the Spanish team HRT’s 2010 car. Since Silverstone, Japanese test driver Sakon Yamamoto has been contesting grands prix for Hispania; first in Bruno Senna’s car, and then in the place of Karun Chandhok. It is very likely the 28-year-old’s sponsors will pay [...]
Ferrari boss says team orders part of F1
Aug.1 (GMM) Ferrari is showing no sign of reversing its stance about team orders in formula one. Team boss Stefano Domenicali is quoted by Spain’s El Mundo newspaper as insisting that Felipe Massa should not be downtrodden after moving aside for Fernando Alonso at Hockenheim. “I like basketball, and I understand that whoever assists has [...]
Ecclestone says Massa obeyed team
Aug.1 (GMM) Bernie Ecclestone has defended Felipe Massa after the Ferrari driver let his teammate Fernando Alonso win the recent German grand prix. Amid the team orders controversy, fans and media in Massa’s native Brazil attacked the 29-year-old, depicting him as a puppet who lacks courage. “I heard about that,” the F1 chief executive told [...]
F1 boss says Interlagos must improve track
Aug.1 (GMM) Organisers of the Brazilian grand prix need to improve the Interlagos circuit. That was the clear message given by Bernie Ecclestone in an interview at the Hungaroring with the O Estado de Sao Paulo newspaper. “Brazil will organise the next World Cup and the Olympics in 2016,” said the F1 chief executive. “It [...]
FIA declare Flexi wings legal in Hungary
Aug.1 (GMM) The FIA has ruled once again that Red Bull and Ferrari’s front wings are legal, it emerged prior to Sunday’s Hungarian grand prix. After qualifying, McLaren and Mercedes asked the governing body to urgently clarify the rule about flexible aerodynamics, despite the controversial designs run by Red Bull and Ferrari passing similar scrutiny [...]