Racing Point, which will be rebranded Aston Martin Racing for the 2021 F1 season, is reportedly in talks with US information technology services corporation Cognizant regarding a title sponsorship deal. Cognizant is believed to be in “advanced negotiations” with the Silverstone-based team, according to Motorsport-Total.com. READ: Sergio Perez Fires Jibe At Lance Stroll As He
MoreFollowing the announcement of Honda’s decision to exit Formula One at the end of 2021, Renault team principal Cyril Abiteboul has called for changes to the sport’s engine regulations. Speaking to Autosport, Abiteboul said the “engine situation is simply unsustainable,” both from an economic and technological perspective. READ: Sebastian Vettel Admits He Failed At Ferrari
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With new entrants now required to pay a $200 million fee to the existing ten teams in addition to all the other expenses of entering the pinnacle of motorsport, it’s now more difficult than ever to join the Formula One grid. Last month, Haas F1 team principal Guenther Steiner told this publication that they almost
MoreRed Bull have confirmed the existence of a clause in the new Concorde Agreement which allows the team to leave Formula One at the end of any season, despite them committing to the sport until 2025. “We can cancel the contract annually. There is a clause in it [the Concorde Agreement] that allows you to
MoreRed Bull spent £237.3 million on its 2019 Formula One campaign, in which the Milton Keynes-based team finished third in the Constructors’ Standings. Company filings show that the team generated a small profit of just over £600,000 last season. READ: Red Bull Might Sack Albon & Sign Hulkenberg Or Perez For 2021 With all F1
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The new Concorde Agreement, which all F1 teams recently signed up to, stipulates that any new entrant must pay a $200 million fee to the ten existing Formula One constructors as part of measures to protect the value of the sport’s franchises. This has prompted concerns that it will be almost impossible for new teams
MoreIt was recently confirmed that Renault’s Formula One team will be rebranded Alpine next year, and, crucially, the French car-maker had decided to stay in the sport despite having a lacklustre return to running a works team. Renault team principal Cyril Abiteboul has now explained what convinced them to commit to the sport for at
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Ricardo Teixeira, a Portuguese-Angolan racing driver who most notably served as the test and reserve driver for Team Lotus and the Caterham F1 team, discussed his racing career and the challenges of Formula One with Formula1News.co.uk managing editor Suliman Mulhem. Like most other Formula One drivers, Teixeira started out his racing career competing in karting
MoreBy signing up to the new Concorde Agreement this month, the Haas F1 Team has committed themselves to the sport until at least the end of the 2025 season. Just months earlier, team owner Gene Haas suggested that they could pull out of the sport if 2020 proved to be an uncompetitive year for them.
MoreAll 10 Formula 1 constructors have signed the new Concorde Agreement, effectively committing them to the sport until the end of the 2025 season. The new deal, which is an important agreement between the FIA, Liberty Media and the teams on many key aspects of the sport, including how prize money and TV revenue is
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