#F1

In 1921, there were more than 25 million horses in a United States populated by less than 110 million humans. I’m not a mathematographer, by any means, but I think that puts us at a ratio of about one horse for every four-ish people out there. And, just like there are many kinds of people, there are many kinds of horses, too. There are Quarter Horses, paints, Arabians, Appaloosas, and – of course – Thoroughbred racing horses.

Something strange has happened in the last hundred years, though. There are a lot more people and a lot fewer horses, for one thing – just 3 million horses for a whopping 330 million Americans – but it’s a curious thing that there are a lot more Thoroughbreds in 2021 than there were in 1921. What’s more, it’s almost certain that the meticulously bred horses spending their 21st Century days in luxurious stables are serving a vastly different purpose than their hard-working forbears.

You see where I’m going with this, right?

Honda has decided to leave Formula 1 at the end of the 2021 season to allegedly focus on electric and fuel-cell development. The company has said F1 hybrid combustion engines didn’t mesh with its plan of realizing “carbon neutrality by 2050” and has opted to leave Red Bull and AlphaTauri in a difficult spot moving forward. They’ll both need to find a replacement engine supplier before the 2022 season while Honda decides where it might make a better environmental impact — settling on IndyCar.

Less than a full weekend after vowing to abandon F1, Honda doubled down on Indy by agreeing to a multi-year extension to continue supplying motors until at least 2023. In fact, Honda Performance Development (HPD) is actively working on a 2.4-liter, twin-turbocharged V6 hybrid unit, aimed at roughly 900 horsepower, for the sport’s next generation of cars. While we’re pleased to see any manufacturer maintaining its commitment to motorsports, the decision seems at odds with Honda’s plan to pull out of Formula 1 — which has likewise acknowledged a desire to become carbon neutral. Like Indy, F1 is also planning on using hybrid combustion engines for the foreseeable future.

Interested in joining Formula 1? We hope you have $200 million handy because that’s the amount you have to pay to enter a new team under the sport’s seventh Concorde Agreement. Signed by the Fédération Internationale de l’Automobile (FIA), the Constructors Association, and existing F1 teams last month, this arrangement exists to help ensure participants remain committed to the sport to offer organizers and broadcasters the ability to maximize marketability.

They also tend to be kept a secret, with only their most general aspects of the deal ever making it out to the public. We already knew that teams would be subject to additional fees through 2025 to prove they were serious about joining while discouraging existing names from exiting the sport. But McLaren Racing CEO Zak Brown has since confirmed the amount with Racer. Over the weekend he said new entrants would be starring down the barrel of a $200-million fee, adding that the rationale was to avoid diluting the existing prize totals split between teams.

With McLaren scrounging for cash and cutting 1,200 positions from its ranks in the hopes of prolonging its own existence, it would be an understatement to claim 2020 has been unkind to the automaker. Most nameplates are having a rough year. And almost all are seeking ways to turn things around before the situation becomes untenable and their fate becomes sealed.

The plan for McLaren involved a £150 million loan from the National Bank of Bahrain and more than a few empty seats.

Autocar now claims the brand has even considered selling part or all of McLaren Applied and Automotive. While the outlet admits this likely hinges on its evolving financial situation, a company insider confirmed advanced discussions are focused on selling a minority stake in the Racing division.

McLaren says circumstances have encouraged it to get fairly aggressive in its restructuring efforts. Coronavirus lockdowns forced the company, like so many others, to postpone production and forego sales.

While an undesirable scenario for any manufacturer, McLaren Group already faced additional headwinds by being a relatively small manufacturer dependent on low-volume specialty products with astronomical price tags and having its racing program kneecapped the Fédération Internationale de l’Automobile (FIA).

2019 was not a good year for Aston Martin’s balance sheet. As the British automaker struggled to get new product out the door, its stock decided to mimic the final plunge of the Edmund Fitzgerald. A second profit warning greeted accountants and shareholders as the New Year dawned.

As reported Friday morning, the company’s outlook is suddenly much sunnier.

Toyota Motor Manufacturing Texas is slated to receive a $391 million investment earmarked for streamlined pickup production. The manufacturer wants to merge the Tacoma and Tundra models onto a common platform, something we’ve mentioned in the past, and Toyota’s Tuesday announcement solidifies those rumors.

The new platform is meant to make hybridization easier and provide the basis for the entirety of the automaker’s global truck line — including SUVs like the Sequoia.

Whether it’s a job, car, or food, trying something new often takes a dose of courage. It’s that reason why I always sit up and take notice when a racer steps out of the machine in which they normally compete and turn a wheel in a different environment.

Fernando Alonso did just that this weekend with Toyota at LeMans. The Spaniard appeared in the LMP1 class, part of a team that took the overall win. Not shabby at all.

Over the weekend, model Winnie Harlow mistakenly waved the checkered flag a lap early at otherwise dull Canadian Formula One Grand Prix. While not the first incident of its kind, the error has pushed the FIA into considering the adoption of a digitized checkered flag, leaving the black-and-white banner to serve in a more symbolic capacity.

Apparently, Harlow had been informed by an official that the race was ending and prematurely flew the flag — an understandable mistake on her part.

Sebastian Vettel still nabbed his 50th career grand prix win, despite the confusion. However, there are dangers stemming from accidentally calling a race early that the FIA wants to address. With drivers perpetually plugged into their team via radio headsets, it’s unlikely most would automatically assume the event was over. But risks remain if the pilot of a lead car suddenly assumes victory has been cinched. Bleeding off speed for a victory lap could result in pursuing cars passing or even striking the vehicle.

It’s easy to forget that, like drivers, pit crew members frequently put themselves in harm’s way for the big win. We saw a brutal reminder of this on Sunday when Ferrari mechanic Francesco Cigorini had his leg run over by driver Kimi Räikkönen post-release. While the incident wasn’t life threatening, it did serve to show that the pit lane is not for the faint of heart (nor is the video, seen below).

Räikkönen had come in for his second tire swap of the Bahrain Grand Prix and was given the go ahead to launch before Cigorini had finished his work. He and another mechanic were still attempting to remove the left rear tire when the car was released and Francesco was struck. The car was stopped while still in pit lane and retired immediately, killing any hope of a podium finish. The normally calm Räikkönen removed his steering wheel and threw it into the cockpit in anger after realizing he’d be stuck with a DNF.

Late last month, Formula One announced it would no longer be using the professionally employed models colloquially known as grid girls, starting with the 2018 season. The rationale, according to managing director of commercial operations Sean Bratches, was that times had changed.

“While the practice of employing grid girls has been a staple of Formula 1 Grands Prix for decades, we feel this custom does not resonate with our brand values and clearly is at odds with modern day societal norms,” Bratches explained in a release. “We don’t believe the practice is appropriate or relevant to Formula 1 and its fans, old and new, across the world.”

The decision was mocked as a prudish response to PC culture by some, while others praised it as a major victory against the objectification of women. Regardless, the women won’t be coming back in March. However, there will be a replacement. In a recent announcement, F1 said it will replace its grid girls with “Grid Kids.”

With the conclusion of the 2017 season, Formula One decided it was time to unveil its new logo at the Abu Dhabi Grand Prix. The change underlines a “new era” for the sport under Liberty Media and, admittedly, does seem to be a bit more with the times.

While it was a fine race, Valtteri Bottas beat both Lewis Hamilton and Sebastian Vettel, there was no upset in the final standings. Hamilton had secured ultimate victory for himself and Mercedes earlier in the season, while Vettel and the Ferrari team held onto second place. Bottas took third overall, leaving the new logo as the only genuine surprise of the day.

Last week, Ferrari CEO Sergio Marchionne expressed his distaste for what he perceived as a less-than-desirable update to Formula One’s engine rules. He even suggested the brand might remove itself from the sport if Liberty Media doesn’t reconsider some of its proposals for 2021.

“I understand that Liberty may have taken these into account in coming up with their views,” Marchionne said. “But I think it needs to be absolutely clear that unless we find a set of circumstances, the results of which are beneficial to the maintenance of the brand, and the marketplace, and to the strengthening of the unique position for Ferrari, Ferrari will not play.”

Still in the midst of discussions, Formula One took time to defend itself against Ferrari’s claim that the new rules would make it the global equivalent of NASCAR.

Ferrari, the company that has participated in every single Formula One championship since its inaugural season in 1950, is threatening to give up the sport if U.S.-based Liberty Media follows through with its new engine rules. Depending on how you like your motorsport, Ferrari is either completely vindicated in its criticisms or overacting like a spoiled child.

Evolving rules are nothing new in Formula One. Changes are often made between seasons to bolster safety or improve competitiveness. But Ferrari NV isn’t interested in what’s to come after F1’s concorde agreement ends in 2020. Liberty Media has been pushing for engine rules that would make powerplants noisier and higher revving but also more uniform between teams. With a focus on a cheaper and simpler engine, F1’s new owner is also expected to suggest revenue caps on teams next week. The end result should be closer races. But that places it at odds with the Italian manufacturer’s goals of winning all the time.

British automotive magnate and principal of McLaren’s Formula One team for all the years that really matter, Ron Dennis, has cut his remaining ties with the company he is so synonymous with.

Having helped lead the F1 team to victory since the 1980s with legendary drivers like Niki Lauda, Alain Prost, Ayrton Senna, Mika Häkkinen, and Lewis Hamilton — while also serving as CEO, chairman, and founder of McLaren Technology Group — it was almost unfathomable to see him removed from his position as head of the company last year. However, we assumed he’d be sticking around on the board for a while.

That hasn’t turned out to be the case. Dennis is selling his remaining stock to Mumtalakat, the Bahrain sovereign investment group, and the French-Saudi entrepreneur Mansour Ojjeh for an estimated £275 million ($362 million).