Fiat considers selling Ferrari shares
Sep.30 (GMM) According to a rumour at the Paris Motor Show on Thursday, Italian carmaker Fiat is considering selling some of its shares in Ferrari and the famous formula one team. The rumour emerged a few days ago based on a report in the Corriere della Sera newspaper, suggesting Fiat wants to raise money to [...]
F1 team orders discussion postponed
Sep.29 (GMM) A meeting to discuss the future of team orders in formula one has been postponed. When the World Motor Sport Council recently met to consider Ferrari’s Hockenheim breach, the matter was instead referred to a committee to reconsider the controversial ban. Leading FIA official Charlie Whiting had scheduled a meeting with team bosses [...]
No delay after Korea GP building accident
Sep.30 (GMM) An accident at the site of next month’s inaugural Korean grand prix is not expected to further delay completion of the Yeongam venue. Late on Wednesday, it emerged that a crane had tipped over on the main straight, with the overloaded arm crashing into a grandstand. Media reports indicated that the damage was [...]
Haug diffuses Mercedes tension rumours
Sep.30 (GMM) Norbert Haug has admitted that Mercedes might line up on the 2011 grid with some new employees. “In 2011 we will make a step forward. So we need to have the best possible staff, which may include some new people,” he is quoted by the Cologne newspaper Express. But amid rumours it might [...]
Hamilton praises FIA for slowing Red Bull
Sep.30 (GMM) Red Bull’s dominance has been curbed because it is no longer fielding an illegal car, according to Lewis Hamilton. The 2008 world champion said that after the team’s RB6 utterly dominated in Hungary in August, the tighter FIA flexibility tests have obviously affected the pace of the Adrian Newey-penned car. “Good question,” McLaren [...]
Toro Rosso sale rumours increase
Sep.30 (GMM) Rumours that the Faenza based formula one team Toro Rosso is for sale are gathering pace. Last week, we reported speculation that Red Bull mogul Dietrich Mateschitz wants to sell his second F1 outfit. The original Swiss report had said the Austrian billionaire might be able to triple his money, after buying Minardi [...]
Toro Rosso mechanic fired after negligence
Sep.30 (GMM) A mechanic has been dismissed by Toro Rosso following an incident before Sunday’s Singapore grand prix. Jaime Alguersuari qualified a strong eleventh under the street circuit’s lights, but then had to start the race from the pitlane due to a coolant leak. “My hopes of having a good day disappeared,” recalled the Spaniard. [...]