Heikki Kovalainen is looking for Caterham to move into the midfield, according to his new management company.

Having handled his own career in the wake of Flavio Briatore’s demise, Finn Kovalainen recently signed up with IMG, the sports and entertainment management giant.

The 30-year-old has rebuilt his reputation since 2010 in the wake of mixed tenures for top teams Renault and McLaren.

According to IMG Motorsport’s head of clients Martin Anayi, Kovalainen is now regarded by formula one team bosses up and down pitlane as among the top best drivers.

“He is a great guy,” Anayi is quoted by Finland’s Turun Sanomat newspaper.

“Heikki’s potential is obvious and he definitely wants to succeed.”

There have been rumblings in the paddock that Kovalainen is disappointed that, despite being consistently the best of F1′s new teams since 2010, Caterham is yet to break into the midfield.

“This is only the team’s third season, so there are still some growing paints,” IMG’s Anayi acknowledged.

“Heikki has a strong desire to compete, and not just with his teammate Vitaly Petrov. The team’s boss Tony Fernandes wants to get in with the middle group.

“This means that the team needs to regularly get into the Q2 stage of qualifying and in the race be aiming for the points,” he insisted.

It is possible formula one teams will be limited to a budget cap in 2013, according to Germany’s Auto Motor und Sport.

The budget cap idea saw the sport almost implode amid the bitter political war of 2009, when proposed by controversial former FIA president Max Mosley.

But it is back on the agenda in 2012, and according to new rules – where a majority of teams can now push through a change – it could be imposed next season.

“Ten of the 12 teams are in favour,” Auto Motor und Sport said, referring to the push to have cost-cutting moved from the FOTA gentleman’s agreement to the actual sporting regulations.

It means that the two dissenting teams, the Red Bull-owned Red Bull Racing and Toro Rosso, will have no say.

“The cost to be competitive in formula one at present is too high,” the boss of the energy drink company’s premier team, Christian Horner, said recently. “I don’t think anybody will dispute that.

“The debate is how we achieve it.”

Not only that, the German report said nine teams are in favour of Mosley’s old budget cap idea, with annual expenditure limited initially to EUR 170 million and then diminishing to 100 million over a few seasons.

More than half of Michael Schumacher’s German compatriots think the seven time world champion will return to retirement at the end of this year.

After three years of retirement, the 43-year-old returned to F1 in 2010 on a three-year Mercedes contract, which runs out in 2012.

SID news agency commissioned the German market research company Promit to carry out a survey as to whether respondents think Schumacher will quit at the end of this year.

55.4 per cent answered yes, while only 26.2 per cent said they think Schumacher should sign on for at least another season.

The winner of a record 91 grands prix has failed to see the chequered flag in three of the five races so far this year, finishing just tenth in both Malaysia and Bahrain.

In contrast, teammate Nico Rosberg’s three top-seven finishes in 2012 included pole and victory in China, netting him 41 points compared with Schumacher’s 2 overall.

“I don’t think we can write him (Schumacher) off yet,” insisted Telegraph correspondent Tom Cary this week.

“His pace hasn’t been bad and he started the season very well. (He) was unlucky in quite a few races, his wheel fell off when he was running second in China and could have had a big haul of points.

“He is making mistakes in wheel-to-wheel racing though. But if he gets a few decent finishes or even wins a race then we could see him continue (in 2013),” added Cary.

Last Sunday proved that Pastor Maldonado is no mere ‘pay driver’.

“If he was a fool, he would not be with us, no matter how much money he brings,” Sir Frank Williams is quoted by Brazil’s Globo Esporte.

Venezuelan Maldonado, whose links to the state owned oil company PDVSA and president Hugo Chavez controversially deliver many millions to Williams’ Oxfordshire based team, became F1′s fifth different winner of 2012 last weekend in Spain.

It has helped him to shake off the ‘pay driver’ insult, Williams insisting he is now a potential world champion instead.

“Without a doubt. He is very fast and makes no mistakes,” the newly 70-year-old Briton said.

Williams does, however, acknowledge that Maldonado’s money was a key factor in the decision to sign him.

“Yes, it was to some extent,” he said. “I don’t deny that. But he’s also a real driver. He fully deserves to be on the team, with or without money.

“The truth is that if you don’t have money, you don’t get to be in formula one,” added Williams.

Team shareholder Toto Wolff agrees: “If you want to race in GP2, you need a few million pounds. So, the drivers need not only to be fast and talented, but able to attract the sponsors.

“So let’s forget this thing about ‘pay drivers’,” he insisted.

Triple world champion Nelson Piquet, however, has some lingering doubts.

He ran Maldonado in his own GP2 team some years ago, and this week recalled a driver who was often “too aggressive” and made too many mistakes.

“We’re not talking about a guy who shone in his youth, like Nico Rosberg,” said the famous Brazilian, “or someone like Lewis Hamilton, who always had everything he needed thanks to Ron Dennis.

“In GP2, when you don’t stand out in your second year, you begin to be doubted. In Maldonado’s case, he only shone in his fourth year.

“Perhaps because of this he only made it to formula one as a paying driver, without having anything special, apparently. He was perceived as just a good pilot, but clearly no Alonso.

“Now he was at the right place at the right time but he still managed to beat Alonso in Spain as well as another world champion, Kimi (Raikkonen). So hats off to him.”

Preparations for the inaugural Russian grand prix in 2014 appear to have hit a roadblock.

We reported last weekend that rumours were circulating in the Barcelona paddock that the Sochi race now appears “doomed”.

The state owned Moscow news agency Ria Novosti now reports that political issues have created “serious delays” in the race’s preparations, according to an adviser with the Russian Automobile Federation.

The official, Igor Yermilin, insisted that the project is not doomed, but he said very few efforts have taken place following the bureaucratic reshuffling of the local Krasnodar region.

He said some officials of the Omega company, responsible for the F1 circuit project, have lost their jobs.

“In the Krasnodar region there has been have been quite serious changes in the leadership,” Yermilin said, “including people from Omega who signed the contract on holding the Russian grand prix”.

The coastal city Sochi is also scheduled to host the 2014 Winter Olympics.

“The main thing at the moment is the Olympics — the grand prix is on the back burner,” said Yermilin.

Five races in, F1′s cleverest brains are still yet to decode the mystery of the bizarre and fascinating 2012 season.

As was the case when he utterly dominated last year, Sebastian Vettel is still leading the drivers’ points chase.

But, before last weekend, if he had been told that Williams’ Pastor Maldonado would be the winner of the Spanish grand prix, the German admitted: “Well, I would have put a lot of money on them!

“I think the odds weren’t bad,” he smiled.

Indeed, the major British bookmaker William Hill was taking bets at 500-1 prior to the Barcelona weekend.

A spokesman confirmed that only two bets at 10 pounds or above were placed on Maldonado prior to qualifying.

“I’m sure Williams don’t understand why they just won the race here,” McLaren’s Jenson Button is quoted by the Guardian newspaper.

But the previously-derided ‘pay driver’ Maldonado is not the only potential new winner in 2012, after Jenson Button, Fernando Alonso, Nico Rosberg and Vettel won the opening four grands prix.

A detailed look at F1′s specialist reporting in the past few weeks shows that Lewis Hamilton, Mark Webber, Kimi Raikkonen, Romain Grosjean, Michael Schumacher, Sergio Perez and Kamui Kobayashi are all also widely regarded as genuine victory candidates in 2012.

And given that their teammates have won grands prix this season, even the struggling Felipe Massa and Bruno Senna should be added to that list.

“Dammit, let’s go for (HRT’s) Karthikeyan!” wrote Chris Hockley in the Sun newspaper.

“It’s really quite crazy right now,” Vettel, who despite his young age would count himself among F1′s currently perplexed purists, told Germany’s Auto Motor und Sport.

“What’s happening is difficult for us to explain,” he added.

The situation has split the F1 audience, with the purists shaking their heads, and others marvelling at the unprecedented spectacle.

“The spectacle has taken over the sport,” said the Paris daily Le Figaro.

“Even the teams can’t be sure who will be the hare and who will be the tortoise at any given track,” wrote Hockley.

Alonso, who is the joint championship leader, is in the purists’ camp.

“Of course it is attractive for the spectators that we are going to Monaco not knowing if we will fight for victory or be left out of the points,” he is quoted by El Pais.

“But in a way, after eleven years in formula one and now I’m at Ferrari, I would like to have more stability,” the Spaniard admitted.

Sir Jackie Stewart said: “What’s going on is unbelievable, which I think is the outcome of the new rules, new tyres — I think it’s many factors,” he told the Spanish sports daily AS.

“What’s happening,” said Maldonado’s race engineer Xevi Pujolar, “is that these tyres are allowing teams who do not have the biggest budgets to be eligible for really good results.

“The reason is that the most important thing now is to have a good setup and also some luck with the temperature.”

Pirelli, F1′s tyre maker, has received both criticism and praise for its huge role.

“Pirelli have been both bold and brave,” Sun journalist Hockley said. “It can’t be easy for a manufacturer to make tyres that sometimes wear out faster than you can say Mercedes.”

Marco Tronchetti Provera, the Italian marque’s company chief, is unapologetic.

“What we have provided is what the teams have asked for, and it was not easy,” Italian language reports quote him saying. “Our engineers have done an extraordinary thing.”

Volkswagen, the German carmaking giant, has played down suggestions it could launch a formula one project some time soon.

“There are always rumours about Volkswagen and formula one,” said Jost Capito, who has taken over from Kris Nissen as the head of the Wolfsburg-based company’s motor racing boss.

However, he is quoted by Germany’s Sport1 as insisting that VW is only concentrating on its world rally programme.

“The WRC programme is approved from 2013 to 2015,” Capito insisted. “There is no room to think about anything else.

“It (F1) is not on our radar,” he is also quoted as saying by France’s L’Equipe. “Our hands are full already.”

In the wake of BMW, Honda and Toyota’s departures, the only mass production carmakers in F1 are Renault – as an engine supplier – and Mercedes.

Ferrari, McLaren, Lotus and Caterham produce niche sports cars.

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”.

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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.

It is too early to name a frontrunner for a seat at Red Bull’s premier team.

That is the claim of Franz Tost, the boss of the energy drink company’s junior team Toro Rosso.

Following the ousting of Jaime Alguersuari and Sebastien Buemi, the Faenza based outfit has two new Red Bull youngsters to groom in 2012.

Daniel Ricciardo and Jean-Eric Vergne are therefore at the front of the queue to potentially replace Mark Webber at the senior team, even though Red Bull chiefs have appeared to indicate that Australian Webber is staying put for now.

So when asked by Austria’s Laola1 whether Ricciardo or Vergne are winning the race to Red Bull Racing so far, Tost insisted: “We have no thoughts about that.

“The important thing is that they continue to develop in every area.”

So far, Frenchman Vergne has four points compared with Ricciardo’s two.

“Jean-Eric is willing to take more risks,” Tost admitted, “while Daniel has a grasp of the car overall with his extra experience.”

Mark Webber appears headed for a new contract with Red Bull, after receiving a clear vote of confidence from the energy drink company’s chief.

Following speculation the 35-year-old Australian could be headed to Ferrari in 2013, Red Bull team boss Christian Horner insisted Webber “is happy to be here, and we are happy to have him with us”.

And the Swiss newspaper Blick has revealed that team owner Dietrich Mateschitz, the billionaire mogul, is also happy with Webber.

“I hope that he keeps driving with us for a long time,” the 68-year-old is quoted as saying.

The Spanish windscreen repair and replacement company and HRT Formula 1 Team have signed a collaboration deal for Cristalbox to become a new sponsor of the Spanish outfit for 2012. Cristalbox, who have already been linked with the motorsport world for a few years, have decided to extend this link and have taken a step into Formula 1 alongside HRT Formula 1 Team, with the objective of supporting the Spanish team’s project in the pinnacle of world motorsport.

The deal with which Cristalbox joins the team as a sponsor has a one year duration and the glass repair company has bolstered its commitment to HRT’s project by completing a spectacular glazing job at the new Caja Mágica headquarters in Madrid. The creation of a curtain wall at the team’s workshop supposed the installation of more than 25,000 kilogrammes of specially fabricated glass and will enable the team to make the most of the sunlight and environmental conditions.

Just like the conditioning of the other project areas at the Caja Mágica facilities, the installation and reinforcement of the curtain wall has been completed in under a month, thus proving the capacity of the Spanish company to expand its services.

Javier Celaya, Cristalbox General Manager: “A passion for cars is in the genes, the DNA, of our brand and top level competition reflects the essence of Cristalbox’s values: precision, speed, safety, resistance, reliability…From an advertising point of view, after two years sponsoring Formula 1 broadcasts, this was the logical evolution: to form a part of the competition. With HRT we can support a credible Spanish project in the pinnacle of motorsport and strengthen the reach of our brand to our targets”.

Luis Pérez-Sala, HRT Team Principal: “Formula 1 is all about technology and speed, two basic principles which we share with Cristalbox. They are a leading company in our country and we’re proud that they decided to fully submerge in Formula 1 alongside us and fully back our project. I want to thank them for the trust they have put in us and also for the extraordinary efficiency with which they have completed the structure and glazing of the workshop area in our new headquarters at the Caja Mágica. It was a structural and temporal task and they passed it with flying colours. We hope to overcome many other tasks alongside them this year”.

Carlos Sainz jr is on course for a future in formula one.

The 17-year-old Spaniard is the son of Carlos Sainz, the former two-time world rally champion.

Sainz jr, however, has pursued a career in open wheelers, and – now that Daniel Ricciardo and Jean-Eric Vergne have stepped up – he is the new cream of energy drink Red Bull’s junior driver programme.

And another direct link to the world of formula one for Sainz jr is his new sponsorship deal with Cepsa, the Spanish oil company that is also Red Bull-owned Toro Rosso’s main backer.

Sainz jr’s new Cepsa deal is for his participation this year in the British and Euroseries F3 categories, but “Our intention is to continue (beyond 2012),” Cepsa co-chairman Santiago Bergareche is quoted by Marca newspaper.

“Hopefully everything goes well and Carlos will be in that world (F1) one day,” added Cepsa chairman Alfonso Escamez.

He said the deal does not guarantee Sainz jr a future in f1.

“The sponsors have no say on the teams of the drivers. We can try to influence, to give our opinion, but we are not (able to decide) on that side.

“We hope that it does happen, but it will not necessarily.”

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.”

Tony Fernandes has admitted he would have liked corporate Malaysia to have backed his formula one team.

The Malaysian entrepreneur founded a UK based start-up team in 2010, calling it Team Lotus before a bitter spat developed with the Lotus name’s owner Proton.

“While I was building a formula one team, I was being sued by my own countrymen,” he told The Star newspaper.

“We’re the only true formula one team developed in Malaysia.”

Now called Caterham, the team’s only Malaysian sponsorship is from AirAsia — Fernandes’ own low-cost airline.

“Never mind that we were not sponsored (by Malaysia), that’s a company’s prerogative,” he said. “But, we were sued.”

Some have accused Caterham of not having progressed much since 2010, but Fernandes strongly disagrees.

“Two years ago we had nothing. We’re now 1.5 seconds away from Red Bull who are the world champions. We’re closing the gap.

“You can’t build Rome in a day,” he insisted.

Jerome d’Ambrosio has revealed he could drive one of the Lotus cars during Friday morning practice sessions at some point in 2012.

The former Virgin driver, who is managed by Lotus boss Eric Boullier’s Gravity company, was appointed as the team’s third and reserve driver for this year.

But, until now, it was not known if the role would involve Friday morning practice duties.

Asked by the La Libre newspaper when he will be seen on the grid once again, Belgian d’Ambrosio answered: “I hope in 2013.”

He will get his 2013 campaign up and running on Tuesday, when he gets the chance to drive Lotus’ current E20 for the first time at the Mugello test.

The 26-year-old said on Monday: “I will try to show what I can do every time I have the opportunity, not only tomorrow but also during the Friday morning tests that I can participate in.”

D’Ambrosio admitted he would rather be racing this year, but insists that his role at Lotus is a good stepping stone.

“I’m not complaining,” he said. “I remain convinced that my decision to become a reserve driver with a big team was the best thing for me.”

And he insisted he is not jealous of the similarly-aged Romain Grosjean, who took the E20 to the podium in Bahrain recently.

“Honestly not,” said d’Ambrosio. “I would be a fool to think that if Romain had crashed twice more I would replace him in Barcelona.

“Instead, what Grosjean has done confirms that young guys can be trusted. I am glad to see him succeed.

“I don’t come to grands prix hoping one of my teammates is hurt. I’m here to learn, not to laugh.”

He thinks Lotus could win a race in 2012.

“It’s possible, yes,” said d’Ambrosio. “The E20 works well when it’s hot, degrading the tyres not too much.

“In Bahrain, we had the best car in the race. We cannot afford to miss opportunities.”