Michael Schumacher's manager has denied reports the F1 legend is moving to Spain.
It was reported this week, and confirmed by the local mayor, that the Schumacher family including the seven time world champion are relocating from Switzerland to a EUR 30 million property in Mallorca -- an island off the Spanish coast.
But Sabine Kehm, Schumacher's manager, denied the news.
"The Schumacher family is not planning to move to Mallorca," she told Bild newspaper.
F1 team Force India entered administration on the eve of the Hungarian Grand Prix qualifying. This was triggered by its most successful driver Sergio Perez's sponsors, with the Mexican saying he was saving the 400 employees. The team owned a lot of money, including to its working, Perez among them, Mercedes and BWT. BWT began sponsoring the team in 2017, which was the reason their car was painted pink, but it has emerged that the money was taken out in the form of a loan.
Former Ferrari CEO Sergio Marchionne has died aged 66, only a few days after standing down from Ferrari due to a shoulder injury. The Italian use to be the CEO of Fiat and was crucial in turning around the company's fortunes, and also saved Chrysler from bankruptcy.
Marchionne was born in Italy but moved to Canada at a young age. He became an accountant and later CEO of Swiss company Algroup. Only a few years into the 21st century, he moved to Fiat, owner of Ferrari. Soon enough he became...
Team principal Guenther Steiner of the Haas F1 Team says he has no regrets about the path taken by the American Formula 1 team.
As Haas stepped up the grid in 2018 with a realistic goal of finishing behind the top three teams -- and ahead of everyone else --- in outright performance, some drivers raised their eyebrows. After all, Haas finished eighth in the constructors' championship in each of its first two years in the series.
Haas stuck to the plan and figured its technical alliance...
The FIA is inserting the brakes on a 19-yr-old formula 1 hopeful before he even receives into the cockpit as Red Bull Racing tries to advertise its next younger F1 hotshot.
Red Bull, which has been looking for a possible replacement for struggling Toro Rosso driver Brendon Hartley, believes it has discovered its subsequent young driver for its F1 application in Daniel Ticktum, a 19-12 months-old Briton and Red Bull junior driver. Ticktum is currently 2nd in formula three
David Coulthard believes Lewis Hamilton may stroll away from formula 1 after the 2020 season when the Concorde contract comes to an end.
The Briton is within the closing seven months of his contract with Mercedes and is yet to agree a new deal to remain in formula 1 past 2018. Hamilton and the Mercedes hierarchy are clear that they both want to continue with every different but are yet to reach an contract despite being in talks for the reason that the conclusion...
MONACO Reuters - Ferrari were cast into the highlight at the Monaco Grand Prix on Thursday after components One opponents puzzled the legality of the power recovery device on the Italian team’s car and the governing body turned into pronounced to be investigating.
Motoracing - components One F1 - Monaco Grand Prix - Circuit de Monaco, Monte Carlo, Monaco - may 24, 2018 Ferrari's Kimi Raikkonen during follow REUTERSBenoit Tessier
The activity’s respectable site...
The brand new experience in Miami should not according to the ordinary model of a promoter paying a huge price that escalates in future years, but will as a substitute be run with a income and chance sharing model, with F1 in impact taking a share of gate and hospitality earnings.
That construction has encouraged a couple of promoters to are seeking for more advantageous deals in the future, with Hockenheim and Baku among the first to make their cases in public -...