Rupert Murdoch’s News Corporation and Exor, the investment firm owned by the Agnelli family, have made public their plan to buy Formula 1, the entire sport—right out from Bernie Ecclestone and his CVC Capital firm. The two agencies are looking to secure all, if not most, of the commercial rights to the world’s biggest racing...
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The president of Mitsubishi, Osamu Masuko, is “very interested” in producing electric Formula 1 cars, with an eye to mutually compatible technology with their road cars.  The governing body of Formula 1, the Federation Internationale de lÀutomobile, announced this month that it is working with representatives of the European Commission to develop a racing series for...
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Flavio Briatore has quite an interesting past. Having been accused of fraud, which lead to jail time, only to re-emerge running a string of Formula-One teams, including the Benetton F1 and Renault F1 teams. He was then given a lifelong ban from the sport for trying to fix races. Briatore was later exonerated from the...
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Earlier this year, Team Lotus, (a private company) has been in legal battle with Group Lotus (the manufacturer of Lotus cars) over the rightful use of the company’s name. Since the case is still in court, Lotus essentially has two teams in Formula-One at the moment. Now news comes that Team Lotus wants to tie...
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The proposed Formula 1 race track in Austin, Texas will officially be known as the Circuit of the Americas, and feature a variety of facilities beyond the 3.4 mile race track, including a full-time trauma center, and venues for commercial, educational and social events that will all be open year-round. While a large degree of...
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With an eye toward fostering electric-powered F1 competition, Jean Todt, president of the FIA (Fédération Internationale de l’Automobile), said it plans to begin with electric auto, go-kart, and single-seater racing. The first season could come as soon as 2013, he said, and plans for a series and championships are comprehensive. “We want as soon as...
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Former F1 world champion Kimi Raikkonen will join NASCAR, in a surprise move, a departure from his previous endeavors in Formula 1 and rally racing. A Finnish newspaper, cited by Autosport, claims that Raikkonen will start out in the Truck series before moving on to both the Nationwide and Sprint cup car series. No start...
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Famed auction house Bonhams will offer up a Ferrari driven by Formula 1 World Champion Jenson Button, but the car for sale isn’t one of the contemporary mega-buck supercars, but a more archaic model that has never attracted much fanfare from the Ferraristi. Button’s ride, a 1978 Ferrari 512BB, is a model known mostly to...
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The Ferrari–Ford rivalry is back on! Just in case it was possible to confuse America’s best-selling pickup truck with Ferrari’s newest F1 car, the Prancing Horse has chosen to spell it out painfully and slowly for the rest of us. The two companies have come to an agreement over the name F150, which Ferrari sought...
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The future of the RedBull Formula 1 team is looking brighter than ever. Not only did they win the F1 constructors championship in 2010, their young-gun Sebastian Vettel also took the driver’s championship. And this just in… RedBull will be getting their engines for free in 2011. It’s part of a new deal by the...
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Due to the ongoing protests in Bahrain, F1 officials have officially pulled the plug on the Bahrain Grand Prix, originally scheduled for March 13th. F1’s governing body, the FIA, and its president Bernie Ecclestone have decided to “postpone” the opening race of the 2011 season, instead starting in Melbourne, Australia on March 27th. A new date...
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Auto racing fans rejoice. If you’ve always wanted a handy device to let you know when the next race is, now there is a smart phone app that will keep you in the know. SpeedWeekly Magazine has developed an app which will give you information such as start times, location, which network is broadcasting the...
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After Ford filed a legal injuction regarding Ferrari’s use of the name “F150” for their new Formula 1 car, the Italian supercar manufacturer has bowed to legal pressure and re-dubbed their entrant the “F150th Italia”. While Ford’s ubiquitous pick-up truck, the F-150, could never be confused with the purpose built race car, evidently someone in...
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Robert Kubica, one of Formula-One’s finest drivers, suffered a terrible crash over the weekend, when his Skoda Fabia rally-car slid off the road and hit a church wall. The crash took place just 4-miles from the start of the Ronde di Andora rally in Italy. The 26 year-old Polish star has suffered massive injury to...
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With the 2011 Formula 1 season fast approaching, the sport’s various teams are getting ready to unveil their latest entries. One of the most highly anticipated unveilings was that of Ferrari‘s newest machine, the F150. No, the Italian squad has not taken a Ford F-150 pick-up truck and turned it into a racer. Instead, they...
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Of all the highly touted films screening at the Sundance Film Festival in Park City, Utah, the one we want to see most is Senna, a documentary on the life of three time Formula 1 world Champion Ayrton Senna. Assembled entirely from previously unseen archival footage from Senna’s career (spanning from his youth karting days...
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Desperate times call for whoring yourself out for money desperate measures, and with the Royal Bank of Scotland pulling their funding from the Williams Formula 1 team, the outfit had to come up with some money, and fast. One group able to come up with the money was PDVSA, the Venezuelan owned state oil company,...
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With their supply of Renault engines set to dry up after 2011, and new engine regulations coming into place in 2013, current champions Red Bull are said to be looking at producing their own engines, with one rumored partner said to be Volkswagen. “We are on standby for an interesting partnership, and even the idea...
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Ferrari chairman Luca di Montezemolo expressed disgust regarding Formula 1’s new engine regulations, slated to come into effect in 2013. According to a report by British network Sky Sports, the sartorially impeccable Ferrari boss said that the new turbo 4-cylinder engines are “a bit pathetic” for “the top class of racing”. “ Why couldn’t we...
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Race car magnate Tom Walkinshaw has died at age 64 after being diagnosed with lung cancer. Walkinshaw began his career as a driver, and then established legendary firm Tom Walkinshaw Racing (TWR) in 1976, and contested European and Australian motor racing, with his team winning the Bathurst 1000 endurance race in 1985. TWR was also...
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Formula 1 will revert back to its craziest era in 2013, when it adopts a 1.6L 4-cylinder turbo engine for its series. The last time the turbo 4-banger was offered, it made in excess of 1,300 horsepower, but the new rules will be focused more on efficiency rather than outright power. With a maximum redline...
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Lotus made a less than successful return to F1 in 2010, after being out of the sport since 1994. However, it seems there will be lots of Lotus F1 cars on the grid for the 2011 season. So apart from Team Lotus (formerly known as Lotus F1) which is a privately owned team, Group Lotus...
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The black and gold Lotus paint scheme may be Formula 1’s most iconic livery, more dear to the hearts of fans than even the red Marlboro design used on McLaren and Ferrari cars. While the colors originally came from the John Player Special cigarette design, they’ve managed to burn themselves into the hearts and minds...
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The Federation Internationale de l’Automobile (FIA) will be sitting down on December 10 to vote on technical specification changes for the 2013 Formula One season, and the biggest change expected to be announced will be regarding the engines. Rumors are circulating the web about the possibility of a return to four-cylinder, turbo charged engines. The...
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