Lotus F1 Team Delays Staff and Raikkonen Payments Amid Cashflow Strain
Enstone-based Lotus is reportedly holding back staff wages and Kimi Raikkonen’s bonus as it waits for commercial income from Formula One’s rights holders.
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Enstone-based Lotus is reportedly holding back staff wages and Kimi Raikkonen’s bonus as it waits for commercial income from Formula One’s rights holders.
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A one-off gold Nissan GT-R, created in partnership with Usain Bolt, will be auctioned on eBay to raise funds for the Bolt Foundation supporting children in Jamaica.
The 2013 Nissan GT-R Nismo GT3 arrives with a 550 PS engine, revised aerodynamics and enhanced durability, targeting customer racing teams across global GT3 championships.
A photo tweeted by Lexus race driver Akira Iida reveals a motorsport-prepared LFA, fuelling speculation about a forthcoming GTE entry for Le Mans competition.
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The CS 330, developed by Ford Racing and Cosworth for the 2012 SEMA Show, extracts 330hp from the Focus ST’s 2.0-litre engine and features extensive chassis upgrades.
Red Bull Racing team principal Christian Horner says he is “very comfortable” with the team’s Formula One expenditure as rivals question the squad’s refusal to join F1’s cost-cutting agreement.
Red Bull's Helmut Marko moved to end speculation over Sebastian Vettel's future, stating the reigning champion's 2014 contract contains no options for an early Ferrari switch.
Niki Lauda cautions that Sebastian Vettel’s late-season surge in the 2012 Formula One championship does not guarantee him the title, with four races still to run.
Bernie Ecclestone confirmed the cancellation of the New Jersey Grand Prix for 2013, leaving Formula One with a 19-race calendar for the upcoming season.
Cosworth’s owners have hired UBS to seek a buyer after the loss of Williams and Caterham leaves the British engine builder’s Formula One future uncertain.
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Jeremy Clarkson confirms the start of filming for Top Gear’s Season 19 Christmas Special, with the episode scheduled to be broadcast in February 2013.
Hyundai has unveiled its i20 WRC rally car at the Paris Motor Show, confirming its intention to return to the World Rally Championship from 2014.
Mercedes tested a prominent 'shark fin' engine cover at Magny Cours, as Formula One considers new rules to help fans identify drivers from next season.
Sebastian Vettel’s victory in Singapore, aided by Lewis Hamilton’s retirement, reduced Fernando Alonso’s championship lead to 29 points with six races left in the 2012 season.
Peter Sauber has stated he would sign Michael Schumacher for 2013 if the seven-time champion leaves Mercedes, as speculation intensifies around the Formula One driver market.
Citroën CEO Frédéric Banzet says the brand’s World Rally Championship team must reduce its spending amid declining European sales and uncertain series promotion.
Honda has introduced a Civic WTCC Edition for Swiss buyers, drawing on its touring car racing heritage and featuring a 2.2-litre diesel engine, unique livery and OZ Racing wheels.
Hyundai will unveil its new i20 WRC rally car at the 2012 Paris Motor Show, confirming plans to rejoin the World Rally Championship from 2014.
Gerard Lopez says Kimi Raikkonen’s contract for 2013 with Lotus is secure, dismissing speculation of a move to Ferrari or McLaren.
Force India driver Paul di Resta has signed with Richard Goddard’s Sports Partnership, the same management as Jenson Button, after parting ways with Anthony Hamilton.