Formula One to Shun Progressive Elimination Experiment, to Bring Back 2015 Qualifying Format

Formula One is set to revert to the 2015 qualifying format after a two-race experiment with ‘progressive elimination’ this season was widely lambasted as a fiasco by teams and fans. The agreement will come into force from the Chinese Grand Prix in Shanghai on April 17. “At the unanimous request of the teams in a letter received today, Jean Todt, president of the FIA, and … Continue reading Formula One to Shun Progressive Elimination Experiment, to Bring Back 2015 Qualifying Format

Ferrari Top Formula One Earner Ahead of Champions Mercedes

Italian manufacturer Ferrari will receive more money than any other team in Formula One for 2015 despite finishing second in the championship to Mercedes, British magazine Autosport reported. The 2015 total payout was $965m and this will be distributed across 10 teams with Ferrari leading the way ahead of the reigning double world champions. Formula One Management (FOM) collates revenues from hosting fees, media rights, … Continue reading Ferrari Top Formula One Earner Ahead of Champions Mercedes

New Knockout Qualifying System Gets Green Light

Formula One bosses approved on Friday a new format to qualifying for this year’s world championship, despite some driver reservations. The new format will see drivers eliminated one by one in a type of knockout format that will see its debut at the opening race of the season in Melbourne on March 20. Qualifying will remain split into three segments as before but rather than … Continue reading New Knockout Qualifying System Gets Green Light

Sahara to sell Force India

India’s embattled Sahara conglomerate said it wants to sell its 42.5 per cent stake in the Force India Formula One team to help release founder Subrata Roy from jail, but some motor racing insiders are sceptical about how easy it will be to find a buyer. Sahara, which paid $100 million for the shareholding in 2011, sought the Supreme Court’s permission this month to  dispose of … Continue reading Sahara to sell Force India

McLaren appoint Jost Capito as new head of F1

McLaren have recruited former Volkswagen motorsport boss Jost Capito as the new overall head of their Formula 1 programme. He will be appointed chief executive officer of McLaren Racing, reporting to chairman Ron Dennis. Capito will join at an unspecified date to be agreed between McLaren and VW. Jonathan Neale, who had been in that role following the sacking of Martin Whitmarsh in early 2014, has been moved … Continue reading McLaren appoint Jost Capito as new head of F1

Renault Finalise Lotus Takeover

Renault finalised their takeover of the Lotus team on Monday as the French constructor prepares to return to Formula One in 2016. “On Friday 18 December 2015, Groupe Renault…formally and successfully completed the acquisition…of a controlling shareholding of Lotus F1 Team Limited,” read a statement. The new team name will be announced in Paris in February. The statement added: “The technical teams are making good … Continue reading Renault Finalise Lotus Takeover

Valentino Rossi withdraws the appeal he filed at the CAS

Valentino Rossi has withdrawn the appeal filed at the Court of Arbitration for Sport (CAS) against the FIM Stewards’ decision to impose 3 penalty points on his record following an incident with another rider during the Shell Malaysia Motorcycle Grand Prix race held on 25 October 2015. In his appeal to the CAS, Mr Rossi sought the annulment of the penalty, or at least a … Continue reading Valentino Rossi withdraws the appeal he filed at the CAS