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Latest F1 news about: Economic

15

Whitmarsh: 'Some pay drivers not good enough'

over 11 years ago

from: MotorSportWeek.com

( 1947 views )

McLaren team principal Martin Whitmarsh has hit out the amount of pay drivers in Formula One at present, and says some of them are "fundamentally not good enough" to... read more »

15

Melbourne keen to extend grand prix contract

over 11 years ago

from: MotorSportWeek.com

( 1243 views )

Melbourne is hopeful of retaining the rights to host the Australian Grand Prix past its current contract which ends in 2015. The race has come under increasing pressure from... read more »

6

Ferrari announce 3 new partnerships

over 11 years ago

from: F1Technical.net

( 727 views )

When many teams are struggling to find sponsorship, Scuderia Ferrari has just announced it has signed 3 new partnerships. Team principal Stefano Domenicali immediately hailed... read more »

5

Minardi: We're going back to the 90s

over 11 years ago

from: Pitpass.com

( 1240 views )

Former team owner Gian Carlo Minardi is concerned that Formula One hasn't yet fully woken up to the ongoing global economic crisis. read more »

15

Glock: 'Loss of tenth reason I was dropped'

over 11 years ago

from: MotorSportWeek.com

( 1655 views )

Timo Glock says the loss of tenth place in the Constructors' Championship played a major role in him losing his seat at Marussia. Whilst the Russian owned team has made no... read more »

5

Glock completes BMW DTM move

over 11 years ago

from: Pitpass.com

( 776 views )

Timo Glock, who earlier this week lost his F1 drive with Marussia due to "tough economic conditions" has joined BMW Motorsport for its 2013 DTM campaign. read more »

15

Wolff and Lauda take 40% stake in Mercedes

over 11 years ago

from: MotorSportWeek.com

( 1122 views )

Toto Wolff and Niki Lauda have taken a combined 40 per cent stake in the Mercedes AMG Formula 1 Team, it was confirmed on Monday. Wolff, who has relinquished his role at... read more »

9

Marussia blames tough economic conditions for Glock exit

over 11 years ago

from: Crash.Net

( 670 views )

The Marussia F1 team has confirmed that financial concerns forced the parting with veteran Timo Glock. read more »

5

Glock: This has nothing to do with sport

over 11 years ago

from: Pitpass.com

( 816 views )

Today it is Timo Glock who is dumped due to the "tough economic conditions", but who next? Fact is, other than the big guns nobody is safe. read more »

15

Glock and Marussia part ways before 2013

over 11 years ago

from: MotorSportWeek.com

( 1161 views )

Marussia has confirmed that Timo Glock will not race for the team in 2013, after the pair agreed to part ways by 'mutual consent' despite the German having a... read more »

4

Booth: We had to take steps to secure future

over 11 years ago

from: GPUpdate.net

( 759 views )

Marussia Team Principal John Booth has hinted that the current economic climate played a role in Timo Glock's departure ahead of the 2013 Formula 1 campaign, with the... read more »

15

Texas state releases $29m fund to organisers

over 11 years ago

from: MotorSportWeek.com

( 989 views )

The Texas and local Austin government have released funds from the Major Events Trust Fund (METF) to the organisers of the United States Grand Prix following the success of the... read more »

13

Greece building new F1 track

over 11 years ago

from: Forumula1.com

( 953 views )

Greece has set aside almost EUR 30 million to subsidise the construction of a formula one circuit, the country's development ministry said. Bloomberg reports that, despite... read more »

15

Australia wants to renew with reduced fee

over 11 years ago

from: MotorSportWeek.com

( 1153 views )

The Melbourne government hopes to renew its contract to host the Australian Grand Prix, which is set to expire in 2015, but only under more favourable terms. The event,... read more »

15

Williams profits up after Ecclestone payment

over 11 years ago

from: MotorSportWeek.com

( 1262 views )

Williams Grand Prix Holdings (WGF1) has announced its half-year interim results, with an increase turnover by 57% to £73 million from £46.4m in 2011.... read more »

15

COTA's eligibility for state funds questioned

over 11 years ago

from: MotorSportWeek.com

( 1912 views )

Organisers of the United States Grand Prix, to be held at the Circuit of the Americas in Austin, are certain they followed the correct process in order to take advantage of... read more »

15

McLaren's Vodafone title sponsorship at risk

over 11 years ago

from: MotorSportWeek.com

( 1475 views )

McLaren's title sponsorship with the world's second-largest mobile telecommunications company, Vodafone, may be at threat after the company revealed it is to review... read more »

15

On the front line: Tightening the purse strings

over 11 years ago

from: MotorSportWeek.com

( 1461 views )

With the current economic situation, cost cutting and budget controls within the sport is a major talking point. The FIA is even hoping to include cost controls within the 2013... read more »

5

Todt suggests half of 2012 grid is not at the top of its game

over 11 years ago

from: Pitpass.com

( 583 views )

Using the example of pay drivers, FIA President Jean Todt suggests that the global economic situation threatens almost half the current grid. read more »

3

Montezemolo calls for urgency over cost cutting

over 11 years ago

from: EspnF1.com

( 693 views )

Ferrari president Luca di Montezemolo has urged Formula One to hurry through cost cutting measures in light of the worsening economic situation in Europe read more »

15

Valencia struggling with ticket sales

over 11 years ago

from: MotorSportWeek.com

( 1017 views )

The European Grand Prix held in Valencia is struggling to sell tickets despite a reduced capacity, which the organisers hoped would help the event to sell-out. The street... read more »

15

Ferrari calls for 'drastic' cost reductions

over 11 years ago

from: MotorSportWeek.com

( 1919 views )

Ferrari president Luca di Montezemolo has called on Formula 1 bosses to take seriously the cost reduction measures the sport's governing body, the FIA, wants to introduce.... read more »

5

Montezemolo: F1 cannot ignore global aconomic situation

over 11 years ago

from: Pitpass.com

( 711 views )

Ferrari President Luca di Montezemolo has called on the sport to take heed of the global economic situation if it to flourish. read more »

4

Lola Cars placed into administration

over 11 years ago

from: GPUpdate.net

( 976 views )

Lola Group Holdings, the parent company of Lola Cars International and Lola Composites, has been placed into administration. Blaming the economic crisis for a cash flow... read more »

13

De la Rosa: Without financial injection it will be difficult

over 12 years ago

from: Forumula1.com

( 949 views )

Mar.7 (GMM) Pedro de la Rosa has defended the viability of struggling HRT, despite its new owners trying to build up a formula one team in the mist of a near-unprecedented... read more »