Subscribe to RSS

Posts tagged as: Business back to homepage

Salo believes Bottas to replace Senna soon Salo believes Bottas to replace Senna soonComments Off

Former F1 driver Mika Salo believes his Finnish countryman Valtteri Bottas is being groomed by Williams for a race seat — in 2012.

When the Toto Wolff-managed Bottas, 22, was announced as the British team’s 2012 reserve, Sir Frank Williams said he would practice on 15 Friday mornings and then “most likely” be replaced with a “more experienced driver” for the rest of those race weekends.

That more experienced driver would ultimately turn out to be Bruno Senna.

So with Brazilian Senna struggling so far in 2012, Salo has revealed he senses things could be about to change.

“Bottas is incredibly respected by the team,” Salo, now a commentator for the Finnish broadcaster MTV3, said.

“When I spoke with Frank Williams, he praised Valtteri to the skies, and said that he belongs in the races.

“I asked him when and he said it wouldn’t be long.

“Yes, I read between the lines that he means this season,” added Salo.

One major spanner in the works, however, is that Senna brings crucial sponsorship to Williams.

“It is a difficult situation for Williams, where both drivers bring money,” Salo acknowledged.

“But the good thing is that Frank Williams is not a businessman first, he is an old racing driver. He thinks about nothing else but how to make his team successful.

“Although Senna is a nice guy, he is not able to drive at the level that he needs to be at.”

When asked about Salo’s theory, Bottas commented: “I have no information.”

Kyocera Document Solutions, new Official Supplier of HRT Formula 1 Team Kyocera Document Solutions, new Official Supplier of HRT Formula 1 Team(0)

HRT Formula 1 Team incorporates Kyocera Document Solutions as its Official Supplier through a collaboration agreement for the 2012 season. The Spanish team will count on Kyocera’s services, which include needs for management and printing of documents, both at the team’s permanent offices in the Caja Mágica and at the mobile offices that travel throughout the world during the Formula 1 season.

Kyocera Document Solutions has a vast experience in the sporting world and, even more so, in the motorsport one, since it’s responsible for the management and printing of documents at the F1 and MotoGP Grands Prix at the Circuit de Catalunya, Valencia Street Circuit and Motorland Aragón. At all of these Kyocera offers high quality devices and services that adapt to the rigurous demands that any F1 Grand Prix has, meeting the demands of the media office and the organization at the circuit itself, including a permanent 24-hour service.

The ceramic components of Kyocera are not only integrated in our printing devices, giving them a greater durability and resistence, but they are also present in many other industries, such as some F1 cars where there are parts incorporating Kyocera’s ceramic components that have to cope with extreme temperatures.

HRT Formula 1 Team continues to progress firmly towards its objective of consolidating itself and growing and it now takes another step forward thanks to the partnership with the multinational Japanese company Kyocera. It’s another support for the young Spanish outfit who, thanks to the seriousness and hard work that it proves day by day, has more national and international companies willing to back HRT, contributing to its consolidation and progress in the pinnacle of motorsport.

Óscar Sánchez, KYOCERA Document Solutions General Manager: “A team such as HRT Formula 1 Team needs to be backed by the most advanced and reliable technology during the most demanding of championships. Kyocera has the latest printing machinery and a highly experimented staff, which makes us a leader in offering documentary services at any sporting events”.

Luis Pérez-Sala, Team Principal HRT Formula 1 Team: “Count on a renowned multinational company as Kyocera is amongst our partners gives us a confidence and calmness of great value for our day to day work. That calmness enables us to focus on pure competition aspects knowing that our backs are covered. Our needs in terms of printing, copying and scanning are high because the engineering, operations, marketing and communications departments are continuously putting the machines to the test and it is of vital importance that this work is not interrupted. In Formula 1 you work to the limit and Kyocera gives us the support and confidence needed to be able to do it”.

ABOUT KYOCERA DOCUMENT SOLUTIONS

KYOCERA Document Solutions is one of the world’s leading management solutions and document printing companies in the world. With a staff of almost 15,000 employees, its range of products and services includes ECOSYS printers, reliable multifunction printers, high-quality printer supplies, an array of software solutions and managed document services. KYOCERA Document Solutions offers innovative products built with long lasting components. Its clients benefit from the market’s lowest total cost of property and from the highest efficiency in any working environment. Its portfolio of solutions and its managed document services contribute not only to reduce the environmental impact but also to improve the efficiency and reliability of business.

Lauda tips Schumacher to win in 2012 Lauda tips Schumacher to win in 2012(0)

Niki Lauda is sure Michael Schumacher will return to the top step of the podium this year.

As Mercedes took a step forwards with its new W03 car in 2012, it was the famous seven time world champion’s teammate Nico Rosberg who tasted success first, securing pole and victory in China last month.

But triple world champion Lauda told Germany’s Bild newspaper: “Michael Schumacher will win this year.

“Finally Mercedes are good enough to be able to attack the best.”

Schumacher, 43, has not been on the podium since he returned to F1 in 2010.

The German has also played down the team’s chances on the demanding Circuit de Catalunya this weekend, even though Mercedes is debuting a new ultra-light carbon gearbox in Barcelona.

Lauda, meanwhile, played down Schumacher’s widely-reported criticisms of this year’s Pirelli tyres, which have seen him labelled either a sore loser or a spoil-sport amid the exciting 2012 season.

“Schumi can’t spoil formula one,” laughed the Austrian legend. “He has been in the business so many years — he knows how it works.

“I see Rosberg’s success as spurring him on rather than frustrating him. He will fight through it,” predicted Lauda.

Red Bull ‘happy’ with Webber and Vettel Red Bull ‘happy’ with Webber and Vettel(0)

Red Bull’s team boss has moved to ease speculation Mark Webber could be set to change teams at the end of 2012.

The 35-year-old Australian is now on only a one-year contract, triggering reports he has been lined up by Ferrari as a potential successor to the struggling Felipe Massa.

But subsequent speculation said Red Bull is in fact close to offering to extend Webber’s deal.

Team boss Christian Horner ridiculed the Ferrari rumours.

“I think it’s inevitable,” he is quoted by France’s L’Equipe. “Almost every driver in the paddock is supposed to be joining Fernando Alonso next season.

“We’re staying focused on ourselves. Mark is happy to be here, and we are happy to have him with us,” said Horner.

“When the time comes later this year, we will sit down and discuss the future with him, as we have done in previous seasons.

“Speculation like this is part of the business,” he insisted.

“Mark has driven very well in these first few races, finishing fourth four times. Of course we would like to see him on the podium but he has scored some very important points.

“He can do great things this year. I think with Sebastian (Vettel), they push each other — it’s also thanks to him (Webber) that Sebastian gives the very best of himself.

“There is a good dynamic between them and that’s exactly what we want,” Horner said.

New boss says F1 must consider future after Ecclestone New boss says F1 must consider future after Ecclestone(0)

Food giant Nestle’s boss has confirmed he is set to enter the world of formula one.

Austrian businessman Peter Brabeck-Letmathe confirmed to Kleine Zeitung newspaper that he has been lined up to chair the sport’s parent company once it has floated on the Singapore exchange.

“That’s right,” said the 67-year-old.

“And it’s true that I have agreed to take over the chairmanship of the supervisory board in a non-executive function.

“If formula one is to be a public company then it is important that the chairman is independent.”

Brabeck-Letmathe confirmed that Bernie Ecclestone, 82, is remaining F1′s chief executive.

“We certainly hope that Bernie stays healthy for a long time and can keep on working,” he said.

“I am already impressed with his performance. But of course it is the task of a supervisory board to ensure the succession of a business.

“At Nestle, I have always ensured that everyone can be replaced from the executive board within 24 hours. So we need to think about how to replace Bernie Ecclestone as well.”

Singapore eyes new race deal and F1 floatation Singapore eyes new race deal and F1 floatation(0)

The fact F1 has chosen the Singapore exchange for the sport’s high profile floatation does not mean the city-state’s popular floodlit street race is guaranteed.

The night event’s existing five year contract runs out this year, although a two-year notice clause in the deal means Singapore should stay on the calendar at least until 2014.

On the face of it, a new deal seemed a certainty, given it was Bernie Ecclestone himself who chose Singapore as the location for F1′s forthcoming floatation.

“Formula one is known in Singapore, and Asia is thriving. It is a simpler market and not as restrictive,” he said recently.

Talks about a new race deal “are underway”, the local Business Times reported in March, “but it is understood that one sticking point is the sanction fee.”

An unnamed banker commented: “The Singapore government wants formula one to be listed here and for that to happen, it knows the race has to remain here.

“But at the same time, it doesn’t want to pay top dollar again. So the bargaining should continue for some time.”

However, the English language newspaper now reports that F1′s floatation plans, and the expiring Singapore race contract, could be entirely unrelated.

“We are in the process of negotiating a possible renewal of the (race) agreement and the outcome will be announced once discussions are complete,” said a spokesman for race promoter Singapore GP.

Second minister for trade and industry S Iswaran insisted that the mooted floatation will not influence the outcome of the race contract negotiations.

And the Singapore tourism board’s Aw Kah Peng added: “You’ve got to see whether the deal is right in every way.

“We’re hoping everybody sees value in it and we get a so-called good deal for Singapore, in terms of whether all the numbers can work out and everybody takes home something — a kind of a win-win proposition.”

Sponsors nervous as F1 ploughs on with Bahrain Sponsors nervous as F1 ploughs on with BahrainComments Off

High-profile sponsors are nervous, as formula one ploughs ahead with next week’s Bahrain grand prix.

Despite widespread trepidation felt within the paddock this weekend in Shanghai, the FIA has declared that there is no reason the Sakhir event cannot go ahead.

And after meeting with the teams on Friday, Bernie Ecclestone told reporters the race is “200 per cent” on.

But The Times reports that, amid the threat of violence, some sponsors have pulled the plug on providing hospitality for guests next weekend.

“When you have an environment like Bahrain then all the sponsors will be watching developments very, very closely and talking to each other,” a source said.

“It’s a case of ‘watch this space’ basically.”

However, the British newspaper said it is unlikely any major sponsors will pull their logos from the cars.

“(They) will effectively just have to follow the sport,” said Tim Bampton, of the motor sports marketing company Just Marketing.

“They will have to watch and wait to see what happens even though they could be caught in the vortex.”

But, at the same time, it is believed that sponsors’ contracts with the teams – such as Vodafone’s estimated $75m deal with McLaren – contain “brand damage” clauses.

An added complication for McLaren is that it is part owned by Bahrain’s sovereign wealth fund, with Mumtalakat Holdings “on course to own half the business” according to writer Kevin Eason.

Also under heavy scrutiny is the conspicuously silent FIA president Jean Todt, whose son Nicolas shares ownership of his GP2 team with Bahrain’s controversial crown prince.

“We all know why it (the Bahrain saga) might have dragged a bit,” Mark Webber is quoted by the Telegraph.

“F1 is like that. There’s a lot of funding and finances that have come from Abu Dhabi and Bahrain and the Middle East.

“They’re very excited about F1 and they clearly want to give it another go. Let’s see if it works,” added the Red Bull driver.

Insider expects F1 to lose two races in 2012 Insider expects F1 to lose two races in 2012Comments Off

A respected F1 correspondent is expecting F1′s 2012 calendar to shrink to eighteen races this year.

Livio Oricchio, who writes for Brazil’s O Estado de S.Paulo, thinks the sport is now on the verge of cancelling next weekend’s visit to Bahrain.

And he also thinks November’s US grand prix, scheduled to take place at the brand new Circuit of the Americas in Austin, is in doubt.

“The construction has fallen way behind,” said Oricchio, “and there are serious problems between the promoter and the Texas government.

“Each side is looking to the other on the obligation to pay the fee, estimated at $18 million, to FOM (Formula One Management).

“So the championship that should have 20 races will most likely have only 18,” he concluded.

At least publicly, however, the Circuit of the Americas is continuing to take shape.

This Thursday, a private ceremony is scheduled to take place as circuit contractor Austin Commercial celebrates the milestone of completing the full height of the main three-storey pit building.

The Austin Business Journal reports that “several business and civic leaders are scheduled to attend”.

Sauber: Still some ‘gentlemen’ in F1 Sauber: Still some ‘gentlemen’ in F1Comments Off

There are still some “gentlemen” in F1, team boss and owner Peter Sauber insists.

Amid the recent F-duct debate, it was suggested that Mercedes’ Ross Brawn had broken a teams’ ‘gentlemen’s agreement’ that the technology should not be pursued.

“I think you need gentlemen in formula one for this” Sport Bild reporter Ralf Bach jibed sarcastically during a news conference recently.

But Sauber, arguably one of the few gentlemen in the paddock, told Sonntagsblick that he still has some peers.

Asked if he was privately congratulated after Sergio Perez’s second place in Malaysia recently, the Swiss said: “Martin Whitmarsh, of McLaren, offered me a very nice congratulation.

“Franz Tost (Toro Rosso) wrote me a lovely text. And then Domenicali and the people at Ferrari; we have a very friendly relationship,” added Sauber.

As for whether there are many other gentlemen in F1, he insisted: “In this business, you don’t really ask this question.

“I didn’t know Colin Chapman. Ken Tyrrell was someone who appealed to me greatly, but he didn’t take us (Sauber) seriously. It was the same with Frank Williams.”

Indeed, in the paddock, scepticism and cynicism are more widespread, which explains why Sauber’s 2012 car – although fast throughout winter testing – was not regarded as a serious threat until mere days ago.

“We knew our car was good after the tests in Jerez and Barcelona. But the others just thought that we were running light, which is common when a team from the midfield shows something,” said Sauber.

Also amusing, according to Peter Sauber, is the story of Sergio Perez.

“A year ago it was said he just paid for his cockpit. So it makes me chuckle now when I see them say he is going to Ferrari,” he smiled.

Ligier pushing Magny Cours as French GP host Ligier pushing Magny Cours as French GP hostComments Off

Amid France’s push to return to the F1 calendar, it appears Magny Cours is not yet out of the game.

Prime minister Francois Fillon, however, has earmarked Paul Ricard – the well-known test circuit at Le Castallet near Marseille – as the host.

But it was Magny Cours that hosted the French grand prix between 1991 and 2008.

The local Nievre department’s president Patrice Joly last week accused Fillon of “bias in favour of Le Castellet” for the 2013 deal.

He said Magny Cours has “all the facilities, infrastructure and expertise needed to organise such an event”.

Championing Magny Cours’ renewed push to host the 2013 French grand prix is Guy Ligier, the now 81-year-old Frenchman who once had his own formula one team based at the circuit.

“I am trying to lend a hand,” he confirmed to the sports daily L’Equipe.

“I have had Bernie (Ecclestone) on the phone several times, as a friend, and have asked for his advice. We talked about the hotel business around (Magny Cours).

“He said to me, ‘Guy, I know you’re in the know.’

“I have a feeling that Bernie is not going to sign anything before he knows the outcome of the presidential election.

“I’ll tell you honestly what I feel: nothing is lost for Magny Cours,” added Ligier.

Barrichello tells Massa to remember F1 joy Barrichello tells Massa to remember F1 joyComments Off

Rubens Barrichello has advised his friend and countryman Felipe Massa to remember to enjoy his job, amid rumours the Brazilian is speeding towards the exit at Ferrari.

Speculation is rife that amid his apparently worsening performance slump, Massa will be replaced by the famous Italian team — perhaps as soon as within the 2012 season.

F1 veteran Barrichello, who has switched to Indycar this year after losing his Williams seat, told Brazil’s Globo Esporte that he thinks Massa’s problem is psychological.

“It’s not a speed problem,” he said, “it’s something that he needs to solve within himself.

“He has to close his eyes and enjoy, remembering that he does this because he likes it.

“Every time that I lost a little bit, it was because I had forgotten that I did it because I liked to. So we (drivers) have to relax and improve that way.

“(For Massa) it is just a moment, and every moment and race in formula one is a cycle of life.”

Barrichello’s advice for Massa may be particularly relevant, as he was at Ferrari during Michael Schumacher’s ultra-successful reign last decade.

Now, it is Fernando Alonso who is the Maranello team’s favoured son.

“Of course Ferrari loves Alonso, because he is one of the best, if not the best who is there (in F1) now,” said Barrichello, 39.

“So, it’s tough for Felipe.”

Barrichello also laughed at the results of a recent fans’ poll in the Italian media that showed he would be a highly popular choice as Massa’s replacement.

“It was very unexpected,” he said. “Maybe it was a way (for journalists) to see if Italians would pick an Italian driver, and suddenly I win.

“It is a very public business and shows that I must have left something behind,” added the winner of 11 grands prix.

‘New’ HRT not in third F1 season ‘New’ HRT not in third F1 seasonComments Off

Martin Brundle has admitted he is surprised HRT is still struggling so much at the start of its third season in formula one.

Better known then as ‘Hispania’, the Spanish team was founded by Adrian Campos after former FIA president Max Mosley opened up three new places in pitlane for the start of the 2010 season.

But last year, the team’s second group of owners – the Carabante family – passed the baton yet again to Thesan Capital, who have rebuilt HRT in the wake of the management and infrastructure that was brought by former boss Colin Kolles.

Even so, the highly respected British commentator and former grand prix veteran Martin Brundle is surprised that Pedro de la Rosa and Narain Karthikeyan are struggling so much with the team’s Cosworth-powered 2012 car.

“Somebody’s got to be at the front, somebody’s got to be at the back,” the Briton told the BBC motoring programme Top Gear’s website.

“(But) the HRT is particularly poor at the moment, and it confuses me why in year three it’s worse than it was in year one.”

Carlos Gracia, an FIA vice-president and head of Spain’s motor racing federation, doesn’t fully agree.

Speaking to the sports newspaper Marca, he explained that veteran de la Rosa faces a “handicap” as the Spaniard races with HRT this year.

“He knows where he is; in a brand new team, although some people believe it is their third year.

“They have begun again, but it seems that they are in a situation where they have only just started and yet they have to clean up the image of the other years.

“That’s his handicap, but the team will have credibility because of Pedro and also because of a good business investment,” added Gracia.

Ferrari ‘Concorde’ with $50m bonus Ferrari ‘Concorde’ with $50m bonusComments Off

Ferrari’s new deal for the 2013 Concorde Agreement reportedly involves a $50 million annual fee.

It is believed the Italian team has now finalised its commercial agreement with Bernie Ecclestone.

The same is reportedly true for fellow top teams McLaren and Red Bull, whose annual additional fee is, according to German newsmagazine Der Spiegel, $35m apiece.

Ecclestone wanted to announce the conclusion of successful Concorde Agreement negotiations in Malaysia, but major teams including Mercedes and Williams were yet to sign up.

Instead, the F1 chief executive released a statement saying deals have been done with ‘the majority’ of the teams.

Mercedes, in particular, is more than unhappy.

“It can not be,” a Daimler insider is quoted as saying, “that transparency from our business partners is lacking regarding a contract through 2020.”

Race contract key to Singapore floatation Race contract key to Singapore floatationComments Off

 Singapore’s street race could be the key to the stock market floatation of formula one.
The Business Times reports that with the sport apparently wanting to float on Singapore’s exchange, the first step will be a new contract for the Asian city-state’s annual night street race.

The current race contract expires this year.

“Negotiations are underway but it is understood that one sticking point is the sanction fee,” the report said.

The Business Times said the Singapore government currently pays about $40 million for its race every year; a figure “roughly twice” the amount paid by Malaysia.

“The Singapore government wants formula one to be listed here and for that to happen, it knows the race has to remain here,” an unnamed banker said.

“But at the same time, it doesn’t want to pay top dollar again. So the bargaining should continue for some time.”

The banker added that F1 chief executive Ecclestone also holds a strong negotiating hand.

“(He) knows Singapore needs him because the SGX (exchange) hasn’t had any big names in recent years. Being the shrewd businessman that he is, he will play hardball.”

Caterham’s midfield bid not dead yet Caterham’s midfield bid not dead yetComments Off

 Caterham’s hopes of pushing into the midfield in 2012 are not dead yet.
That is the claim of team owner and boss Tony Fernandes, despite the former Team Lotus looking to have once again emulated the pecking-order of the past two years by outpacing only Marussia and HRT in Australia.

“We have obviously improved our pace relative to our 2011 speed,” the Malaysian businessman said.

“But the teams ahead have also improved, so even though we are closer than this time last year we still have work to do to bridge the gap in qualifying,” he added.

Fernandes insists, however, that the race pace shown by Heikki Kovalainen and Vitaly Petrov in Melbourne last weekend was “on a par” with some other teams.

Former F1 driver and Finnish commentator Mika Salo, however, is not impressed.

“The Caterham car is neither fast nor reliable,” he told MTV3.


Get This Plugin

Contacts and information

Social networks

Most popular categories

T-CREA
© 2011 Fantasy Racings F1 All rights reserved.