Ferrari are set to have $30 million less to play with in 2023, after Velas – a blockchain company that was set to release Ferrari-themed NFTs – parted ways with them. It was previously reported that Velas terminated the sponsorship deal due to Ferrari failing to allow them to produce the aforementioned NFTs. However, sources
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With the 2022 season very much in the past, Mercedes are cracking on with their preparations for the upcoming 2023 season and their newest challenger, the W14. Last year wasn’t one for the Silver Arrows to remember particularly fondly, with the Germans having slumped to third in the Constructors’ Championship, following eight consecutive years of
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Mercedes team principal Toto Wolff has warned Red Bull and Ferrari that the team’s 2023 car, the W14, is “full of surprises”, as the Silver Arrows look to get back to winning ways in the upcoming campaign. 2022 was not a good year for Mercedes, with the Germans having fallen to third in the Constructors’
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Toto Wolff’s cryptocurrency warning is beginning to come true, with Ferrari having reportedly terminated their contract with crypto company Velas and semi-conductor company Snapdragon, according to RacingNews365.com. It will come at a huge loss for the Maranello-based side, with the two companies having increased the Italians revenue by $55 million, something which will potentially give the
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Michael Andretti appears to be one-step closer to getting Andretti Global into Formula 1 at last, with Mohammed Ben Sulayem having revealed that the FIA will look into allowing ‘prospective new teams’ into F1. “I have asked my @FIA team to look at launching an Expressions of Interest process for prospective new teams for the FIA @F1
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With the major changes in regulations coming into effect at the start of 2022, teams had the opportunity to go back to the drawing board and design a car that could get the better of their rivals. Some teams like Ferrari managed to take huge strides forward last season, designing a car capable of winning
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While some teams seemed to take to the new regulations like a duck to water, others struggled to figure out the best development path in F1’s new era. Mercedes were one of the teams who found it difficult to transition to the new era, selecting a development path that led to an uncompetitive W13 which
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Having dominated the previous eight constructors’ championships it seemed almost unthinkable that Mercedes would enter the new era of Formula 1 uncompetitive. Unfortunately for the Silver Arrows this is exactly what happened however, with the team struggling to figure out how to get the best performance out of the new set of regulations that were
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Mercedes team principal Toto Wolff has seemingly revealed that the Germans aren’t going to copy Red Bull’s successful 2022 design for 2023, with the Silver Arrows having kept the same shape from their W13 challenger. Red Bull boss Christian Horner is expecting to see many teams use their design philosophy for 2023, with the Austrians
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The new regulations that came into effect at the start of 2022 provided every team with the opportunity to choose a unique development pathway in their attempt to be successful in F1’s new era. Red Bull and Ferrari seemingly figured out what was needed to be competitive early on in the season, while Mercedes struggled
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