2014 Mercedes-Benz S-Class live
/ Motorsport / Mallya’s troubles don’t affect Force India – Fernley

Mallya’s troubles don’t affect Force India – Fernley

Linked In Share

Feb.15 (GMM/Inautonews.com) Boss and co-owner Vijay Mallya’s financial problems do not affect Force India, deputy team principal Bob Fernley insists.

This week, it emerged that lenders to Mallya’s failing airline Kingfisher are set to sell the billionaire’s collateral assets as they recall the loans.

And the very latest reports are that Force India’s title sponsor Subrata Roy, of the Indian giant Sahara, has had 100 of his and the conglomerate’s bank accounts frozen by the Securities and Exchange Board of India over failing to repay investors.

Referring on Thursday to team supremo Mallya’s troubles, Force India’s Bob Fernley said: “There is a disconnect between what happens in Vijay’s business and what Vijay is doing on the F1 team.

“Whether Kingfisher or United Spirits is doing well or not doesn’t affect the team, and it’s very difficult for us to get that message across, although we have been trying for several years,” he is quoted by the Guardian newspaper.

by Mircea - Thursday, February 14th, 2013 - filed under Motorsport. Image credit: .
Linked In Share
Related Articles


Discuss: Mallya’s troubles don’t affect Force India – Fernley

Leave a Reply



















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Luxury Auto Market Growth in China Down 8.34% in the First Quarter
Luxury Auto Market Growth in China Down 8.34% in the First QuarterDuring the first quarter, premium-car market in China has dropped to 8.34%, representing a decline of 80% compared with the same ...
Thieves Stole an Audi RS4 Quattro Avant from Bury St Edmunds Audi Dealership
Thieves Stole an Audi RS4 Quattro Avant from Bury St Edmunds Audi DealershipHigh-tech thieves managed to steal a grey Audi RS4 Quattro Avant estate two days ago, even if the car was fitted with ...
Tata Delays Plans of Building Plant in Thailand
Tata Delays Plans of Building Plant in ThailandAs Tata tries to deal with a drop in demand it has decided to postpone the development of the new facility in Thailand. Tata ...
Audi Surpassed BMW in India Luxury Auto Sales
Audi Surpassed BMW in India Luxury Auto SalesAudi managed to surpass BMW and become the largest seller of luxury vehicles in India. Over the past years the luxury auto ...
GM Stock Surpasses 2010 IPO Price
GM Stock Surpasses 2010 IPO PriceToday, May 17th, GM’s shares surpassed the offering price from the 2010 IPO, which means that the US Treasury will be able to ...
PSA Workers at Aulnay Plant End Four-Month Strike
PSA Workers at Aulnay Plant End Four-Month StrikePeugeot’s workers at the Aulnay plant accepted to end the 4-month strike held for the plant’s closure. The workers will end ...
Jaguar Plans to Upgrade Its Dealerships in the US
Jaguar Plans to Upgrade Its Dealerships in the USJaguar plans to refurbish its dealerships in the US as it prepares for a wave of new products. The automaker with begin with 50 ...
VW April Sales Up 7%
VW April Sales Up 7%VW reported sales up 7% to 784,600 vehicles in April, after a drop of 0.2% in March. "Nevertheless, the market environment ...
Volvo April Truck Sales Down 2%
Volvo April Truck Sales Down 2%Volvo sales dropped 2% to 16,572 vehicles in April, compared with the same month last year. Sales in Europe dropped 7% to 6,334 ...
Tesla Plans to Repay Energy Department Loan
Tesla Plans to Repay Energy Department LoanTesla plans to raise $1.08 billion to build cash reserves and repay the loan offered by the Energy Department. CEO Elon Musk ...
Michelin Comes With New Agreement for Its French Plants
Michelin Comes With New Agreement for Its French PlantsMichelin plans to implement new rules at its facilities in France, aimed at adjusting capacity and avoiding lay offs, as ...
George Michael Involved in Car Crash in England
George Michael Involved in Car Crash in EnglandThursday night, May 16th, George Michael was injured in a car crash which took place on the M1 motorway at around 5:50 p.m. The ...
Sale of the Nurburgring Race Track Began This Week
Sale of the Nurburgring Race Track Began This WeekThe bidding for the Nurburgring race track started this week, and the final price is expected to reach about £100 million. The ...
Fiat Does Not Plan to Move Headquarters to the US
Fiat Does Not Plan to Move Headquarters to the USFiat CEO Sergio Marchionne said that the company does not plan to move its headquarters to the US. "This issue, treated several ...
Ferrari joins Lotus in tyre tweak criticism
Ferrari joins Lotus in tyre tweak criticismMay 17 (GMM/Inautonews.com) Ferrari has joined Lotus in criticising Pirelli's mid-season tyre tweak. Following early-season ...
Read more automotive news


2013 Geneva Motor Show Live Images

bmw i8 coupe monaco 1
2014 GMC Sierra SLE
lamborghini murcielago crash china 1
audi r8 v10 abt sportsline 1
McLaren 12C Spider by Gemballa 1
BMW 6-Series M Sport 1
ferrari laferrari hong kong 1
ferrari-360-spider-crash mexico 1
Prototyp 918 Spyder
ferrari 599 gto crash munich 1
masearati ghibli fastback 1
Alfa Romeo Giulietta Fast & Furious 6 Limited Edition 1
Auto Transport  



More automotive from inautonews
During the first quarter, premium-car market in China has dropped to 8.34%, representing a decline of 80% compared with the same period last year. The government’s struggle to fight corruption and the slowing economy were the main factors for which luxury car market growth in China has dropped ...
read more
Inautonews Editors Section
Test Drive: Dacia Logan 2 1.5 dCi Laureate
Test Drive: Dacia Logan 2 1.5 dCi LaureateThe second generation of the Dacia Logan has been unveiled back in 2012, during the Paris Motor Show, and now we’ve gotten the chance to take it ...
Test Drive – Renault Megane GT Line
Test Drive – Renault Megane GT LineThe Renault Megane GT Line manages to combine what’s best from the two worlds, the impressive chassis of the Megane RS and the economical dCi 130 ...
Test Drive – Nissan Navara 3.0 AT, the rugged off-roader
Test Drive – Nissan Navara 3.0 AT, the rugged off-roaderThe Nissan Navara will probably receive a new generation soon, just like its more expensive brother, the Pathfinder, but until it will do, we have ...

Editors Section
Inautonews Editors Section
2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video] 2009 safest cars Euro NCAP

Latest in Safety NHTSA Plans to Prevent Traffic HackingThe NHSTA announced it will take all the measures to prevent self-driving vehicle traffic networks ... [VIDEO] U.S.: Chevy Traverse gets front center airbagThe North American based automaker Chevrolet has recently announced a new option for the Traverse ...
Safety Section