New details about the Formula One purchase trickled out last night after the buyer, Liberty Media Corp., agreed a deal to take over the sport.
The U.S.-based entertainment and telecommunications giant will initially pay $4.4 billion for a controlling stake in the franchise, The Guardian reports, and a familiar white-haired figure will keep his job. (Read More…)
Longtime Formula One chief executive Bernie Ecclestone will remain involved with his beloved sport, even after an imminent takeover by a U.S.-based media company.
Ecclestone, head of Formula One for the past four decades, says he’s been asked to stay on for three years after the takeover, Reuters reports. (Read More…)
In old mystery novels, it’s usually the butler, gardener or maid that police nab for committing a dastardly crime. In 21st Century São Paulo, Brazil, it’s the helicopter pilot.
After rescuing Formula One boss Bernie Ecclestone’s mother-in-law from kidnappers earlier this week, Brazilian authorities arrested the racing tycoon’s pilot on suspicion of involvement, the BBC reports. (Read More…)
Rarely does a high-profile hostage-taking resolve itself in such a nice, PG-13 film manner.
Aparecida Schunck, the 67-year-old mother-in-law of Formula One chief Bernie Ecclestone, was found tied up in a dingy apartment near São Paulo, nine days after her kidnapping, the BBC reported last night. (Read More…)
The complaint most often tossed at Formula 1 is that despite being the (alleged) pinnacle of motorsports, its relevancy to road cars has disappeared.
That same feeling is what brought us to the current formula of tiny 1.6-liter turbocharged six-cylinder engines, all coupled to a complex hybrid system. Since that move, the racing series has focused more on engine development that in almost any era before, and with that comes a breakthrough in the way we look at thermal efficiency. (Read More…)
Mercedes-Benz parent company Daimler is getting cold feet about opening a factory in Russia, and thinks it might just skip a little bit west.
That, two Porsche executives avoid the Big House, the NHTSA wants autonomous rules post-haste, Volkswagen seeks a quick way out of trouble, and Aston Martin wants an F1-inspired moonshot … after the break!
Newly promoted, high-priced executives at Mazda seem to think there’s something to this crossover fad.
That, Hyundai’s landed a Benjamin Button to lead Genesis and I wish I would have known how cheap I could have purchased an F1 team … after the break.
Just weeks following the conclusion of a rain-soaked United States Grand Prix at the Circuit of the Americas in Austin, Texas, certain details are coming to light that threaten the continuation of the event — and quite possibly operation of the facility as a whole.
One of the many pieces that keeps the event in Austin is the state’s Major Events Trust Fund, which has provided $25 million a year to race promoters since COTA began hosting Formula 1 in 2012.
It was believed the annual $25 million payment was assured for at least 10 years, for a total commitment of $250 million, to be paid by the State of Texas. However, a change in government and an audit of how the fund calculates major events payments has meant race organizers received just $19.5 million for 2015, or $5.5 million less than what was expected.
Jenson Button (pictured above) and his new wife (not pictured) were the target of apparent Bond villains last weekend after robbers allegedly knocked the couple and their guests out with gas pumped in through the vents and made away with $465,000 in jewelry, the BBC reported.
The Formula One driver, his wife and their guests, who were all staying in St. Tropez, weren’t injured in the robbery. A spokesman for Button muddled things further (emphasis ours):
“The police have indicated that this has become a growing problem in the region with perpetrators going so far as to gas their proposed victims through the air conditioning units before breaking in.”
So you’re saying this happens a lot? That doesn’t sound right.
Jules Bianchi, a Marussia F1 driver, succumbed to his injuries yesterday after colliding with a tractor at the 2014 Japanese Grand Prix over nine months ago.
The Bianchi family released the following statement:
It is with deep sadness that the parents of Jules Bianchi, Philippe and Christine, his brother Tom and sister Mélanie, wish to make it known that Jules passed away last night at the Centre Hospitalier Universitaire (CHU) in Nice, (France) where he was admitted following the accident of 5th October 2014 at Suzuka Circuit during the Japanese Formula 1 Grand Prix.
“Jules fought right to the very end, as he always did, but today his battle came to an end,” said the Bianchi family. “The pain we feel is immense and indescribable. We wish to thank the medical staff at Nice’s CHU who looked after him with love and dedication. We also thank the staff of the General Medical Center in the Mie Prefecture (Japan) who looked after Jules immediately after the accident, as well as all the other doctors who have been involved with his care over the past months.
“Furthermore, we thank Jules’ colleagues, friends, fans and everyone who has demonstrated their affection for him over these past months, which gave us great strength and helped us deal with such difficult times. Listening to and reading the many messages made us realise just how much Jules had touched the hearts and minds of so many people all over the world.
“We would like to ask that our privacy is respected during this difficult time, while we try to come to terms with the loss of Jules.”