Mallya Sells 42.5% Stake in Force India to Sahara Group
Vijay Mallya confirmed a $100m deal giving Sahara India a 42.5% stake in Force India, with the Formula One team rebranded as Sahara Force India.
Coverage tagged Formula One.
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Vijay Mallya confirmed a $100m deal giving Sahara India a 42.5% stake in Force India, with the Formula One team rebranded as Sahara Force India.
Team Lotus is considering a name change for the 2012 Formula One season, but financial implications under the Concorde Agreement may delay any decision.
Kimi Raikkonen has dismissed speculation of a Formula One comeback for 2012, with Finnish newspaper Ilta-Sanomat reporting his focus remains on rallying and endurance racing.
Porsche CEO Matthias Müller has ruled out a Formula 1 comeback, citing high costs and a lack of appeal, as the company turns its attention to endurance racing.
Force India faces a choice between retaining Adrian Sutil or promoting Nico Hülkenberg to a race seat alongside Paul di Resta for the 2012 Formula One season.
Hollywood star Tom Cruise completed 24 laps in a Red Bull Racing Formula One car at Willow Springs, guided by ex-F1 driver David Coulthard during a seven-hour session.
Jenson Button took victory in a wet-dry Hungarian Grand Prix, but Sebastian Vettel’s second place extended his Formula One championship lead to 85 points.
Mark Webber secured pole position for Red Bull at the Nurburgring, outpacing Lewis Hamilton and ending Sebastian Vettel’s 14-race front-row streak.
Fernando Alonso took victory at the 2011 British Grand Prix after a pit stop error cost Sebastian Vettel the lead, with Red Bull drivers completing the podium.
McLaren is prepared to improve Jenson Button’s contract terms to keep him from a potential move to Ferrari, with the team set to exercise its 2012 option.
Infiniti and Red Bull Racing are exploring the development of a high-performance road car, aiming to build on their Formula One partnership with a model that would require substantial reengineering.
Renault team owner Gerard Lopez has confirmed Robert Kubica will not race again in 2011 as the driver continues his recovery from injuries sustained in a rally crash.
Virgin Racing and Renault have dismissed speculation that Jérôme d’Ambrosio will be dropped before the end of the 2011 Formula One season, citing a valid contract and ongoing support.
Reports in Italy suggest Ferrari have approached Nico Rosberg’s management about his contract status, fuelling speculation over Felipe Massa’s position for 2012.
Renault F1 driver Robert Kubica is preparing for discharge from Santa Corona hospital after multiple surgeries following his rally crash in Italy.
Red Bull Racing is working to resolve its KERS reliability issues during the three-week break before the 2011 Turkish Grand Prix, following repeated problems for both Vettel and Webber.
The New Delhi-area F1 track, set to host its first Grand Prix in October 2011, has been officially named Buddh International Circuit, invoking peace and calm.
The 2007 Formula One champion will tackle a split schedule this year, running a full World Rally Championship campaign while making his NASCAR debut in the United States.
Flavio Briatore has called on Ferrari to shift resources to its 2012 Formula One car after a disappointing start to the 2011 season with the 150 Italia.
Sebastian Vettel led from pole to chequered flag at the Australian Grand Prix, with Lewis Hamilton second and Vitaly Petrov taking a surprise podium for Renault.
Sebastian Vettel led from start to finish in Melbourne as Red Bull opted to remove KERS entirely, yet still outpaced rivals by a clear margin.
David Coulthard has criticised the ongoing debate over the Australian Grand Prix’s future, as political and financial arguments continue to surround the Melbourne event.
Bernie Ecclestone has raised doubts over the future of the Australian Grand Prix, suggesting the 2011 season opener may be the last at Albert Park.
Michael Schumacher and his management have indicated a willingness to discuss a new Formula One contract with Mercedes, as the team shows improved performance in 2011.