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Williams reveals more than $50m loss

Williams reveals more than $50m loss

Apr.27 (GMM/ Williams has revealed it recorded a more than $50 million loss in 2014. The Grove team, listed on the Frankfurt stock exchange, enjoyed a surge in performance last year following a long slump, but took a financial hit due to “lower revenue and higher costs”. In a statement, […]

European investigation into F1 unlikely – source

Apr.27 (GMM/ F1 teams must lodge a formal complaint or the European Commission will not launch an investigation into the sport. That is the claim of F1 business journalist Christian Sylt, following reported concerns about the fairness of the income distribution to the smaller teams, and their lack of representation […]

VW rumours return as chief steps down

Apr.27 (GMM/ Once again, the Volkswagen-to-F1 rumours are gathering speed. At the Bahrain grand prix, Bernie Ecclestone was told of rumours that as long as he is chief executive, Volkswagen Group chairman Ferdinand Piech was refusing to consider bringing a brand like Audi into formula one. “Nobody has told me […]

Merhi admits Spain could be last F1 race

Apr.27 (GMM/ Roberto Merhi has confirmed his F1 future is clouded beyond next weekend’s Spanish grand prix. The rookie has only been racing for the resurrected Marussia team on the basis that he may be replaced at any time once a suitable ‘pay driver’ is found. So Merhi, 24, kicked […]

Rosberg not focusing on title situation

Apr.27 (GMM/ Nico Rosberg insists he is not focusing on the championship standings at present. After just four of the nineteen races this year, the German is already 27 points behind his Mercedes teammate and reigning world champion Lewis Hamilton. It has triggered suggestions Rosberg is no longer capable of […]

Montezemolo denies calling for Ecclestone axe

Apr.27 (GMM/ Luca di Montezemolo has denied calling for Bernie Ecclestone to step down as F1 supremo. The former Ferrari president had been quoted by German monthly Manager Magazin last week as urging F1 owner CVC to “engage a management team” that prioritises “finance, marketing and the digital world”. Some […]

F4 figure questions Vettel ‘patron’ role

Apr.27 (GMM/ DTM driver Timo Scheider has questioned Sebastian Vettel’s new role as a ‘patron’ of the Formula 4 series. “I’m pleased to make a contribution to increasing the attraction of Formula 4,” said Vettel, who knows not only F4 newcomer Mick Schumacher but also his teammate Harrison Newey, the […]

Perez expects to ‘suffer’ in Barcelona

Apr.27 (GMM/ Sergio Perez is expecting Force India to struggle in Spain next weekend. Having earlier admitted the Silverstone based team’s lack of competitiveness was affecting his motivation, Mexican Perez then had a good weekend in Bahrain, finishing eighth. But Perez is not expecting a similar weekend in Barcelona. “Definitely […]

Sauber set for more legal trouble

Apr.27 (GMM/ Sauber’s legal troubles could be set to explode again next week in Spain. Ahead of the 2015 season opener, the Swiss team found itself in a near-terminal court struggle with Giedo van der Garde. The Dutchman ultimately escaped with a reported EUR 15 million in compensation, after Sauber […]

Mercedes denies Hamilton has signed 2016 deal

Apr.27 (GMM/ Mercedes has denied reports suggesting Lewis Hamilton has finally signed his long-awaited contract extension. Germany’s Sport Bild said the reigning world champion and 2015 championship leader has now signed up until 2018, with an option to stay for a further two years until 2020. If he does stay […]

Hakkinen not sure Ferrari should keep Raikkonen

Apr.27 (GMM/ Mika Hakkinen is not sure he would advise Ferrari to keep his countryman Kimi Raikkonen beyond 2015. Finn Raikkonen, who replaced Hakkinen at McLaren some 13 years ago, is currently pushing to be retained by Ferrari and in Bahrain finished second behind Lewis Hamilton. But when asked about […]

Schumacher’s son wins Formula 4 race

Apr.27 (GMM/ Mick Schumacher won a race during his debut weekend in the FIA-sanctioned German Formula 4 series. “It’s just amazing to win a race in my first ‘formula’ event,” the shy 16-year-old son of the legendary Michael Schumacher said at Oschersleben. The victory will only ramp up the already […]

Todt unhurt in Nepal earthquake

Apr.27 (GMM/ FIA president Jean Todt has emerged unscathed from a massive earthquake that killed thousands in Nepal on Saturday. The Frenchman was heading the governing body’s Asia-Pacific Regional Congress in the capital Kathmandu when the 7.8-magnitude earthquake struck. “All members of the FIA party and congress delegates are safe […]

Manor ‘not worthy of F1′ – Villeneuve

Manor ‘not worthy of F1′ – Villeneuve

Apr.25 (GMM/ Jacques Villeneuve has joined Bernie Ecclestone in admitting his opposition to the Manor team. In Bahrain last week, when asked if he is happy the former Marussia team resurrected itself over the winter, F1 supremo Ecclestone admitted: “Not particularly.” Now Villeneuve, the world champion of 1997, has admitted […]

Honda move may have blown Alonso’s career – Villeneuve

Honda move may have blown Alonso’s career – Villeneuve

Apr.25 (GMM/ Fernando Alonso might have blown his chance of ever winning a third title by switching to McLaren-Honda this year. That is the claim of 1997 world champion, who said Spaniard Alonso’s “early years at Ferrari” was the best driving he has ever seen in formula one. But he […]