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FIA approves further 2021 F1 cost cap reduction; no Dutch GP

SportzPower Team

May 28, 2020 18:05

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LONDON: The FIA has approved a new, reduced cost cap for F1 teams and a new sliding scale rule for aerodynamic testing after a vote of the World Motor Sport Council on Wednesday.

A cost cap had already been agreed by the teams and the sport's governing body, but after Wednesday's vote the cap for 2021 will be lowered from the original figure of $175m per year to $145m, with further reductions in the following years.

Feb 07, 2020 19:02

F1 set for rule tweaks to shut down 2021 revamp loopholes

LONDON: It’s the dawn of a new era for Formula 1 in 2021, with a complete overhaul of the championship’s sporting, technical and financial regulations on the way. As part of this revamp, F1 motorsport boss Ross Brawn says there will also be tweaks to the way the sport is governed to allow the FIA and F1 to make changes to the rules more quickly if a team has found a loophole.

Jan 17, 2020 20:01

F1 loses 3rd major sponsor as Tata Comm takes exit route

MUMBAI: Tata Communications, Formula 1's connectivity partner has ended its sponsorship agreement after an eight-year association, effective December 31 2019. The sole The telecom giant's exit has also ended Indian presence on the F1 grid. "Yes, both Tata Communications and Formula 1 have ended their partnership. The sponsorship deal ended on December 31," a source close to the Indian company told PTI.

Jan 17, 2020 19:01

W Series joins F1 support bill for US and Mexico City Grands Prix

NEW YORK: There’ll be a new racing series on the support bill at the United States and Mexico City Grands Prix after F1 confirmed W Series, the single-seater championship for female drivers, will be part of the schedule. The races will represent the final two rounds of the eight-round series, which had its inaugural season in 2019, with Williams development driver Jamie Chadwick taking the spoils.

Nov 12, 2019 14:11

Formula 1 announces plan to be Net Zero Carbon by 2030

LONDON: Formula 1 Tuesday announced an ambitious sustainability plan to have a net-zero carbon footprint by 2030. This initiative will cover the Formula 1 cars and on-track activity and the rest of the operations as a sport.

Aug 02, 2019 17:08

Catalan govt clears funding for 2020 F1 Spanish GP

BARCELONA: The Catalan government has confirmed it will grant financial backing to fund the Spanish Grand Prix for 2020 to “guarantee the celebration of the 30th consecutive edition of this event” at Circuit de Barcelona-Catalunya. Barcelona is one of four races whose contract expires at the end of the current season.

Jun 06, 2019 18:06

Police races into F1 with Mercedes, Hamilton deals

LONGARONE, Italy: Police, the lifestyle brand of the Group De Rigo, has signed a sponsorship agreement with Mercedes-AMG Petronas Motorsport, the team that is home to five-time Formula 1 world champion, Lewis Hamilton. Police has also announced an upcoming eyewear collection designed in collaboration with Hamilton.

Mar 26, 2019 12:03

Yas Marina offers travel packages for F1’s season-ending race

ABU DHABI: The UAE capital city’s Yas Marina Circuit Monday announced that an array of ticket options for international fans are on sale for what will be its biggest race weekend ever.

Mar 23, 2019 13:03

Hublot launches 2019 edition ‘Classic Fusion Ferrari’ GT watches

ZURICH: Swiss premium watchmaker Hublot has celebrated its partnership with Formula 1 and automobile giants Ferrari by launching a new style and range of watches this year called the ‘Classic Fusion Ferrari GT’. Hublot’s elegant and contemporary piece draws inspiration from the "Gran Turismo" universe.

Mar 19, 2019 11:03

McLaren Racing upgrades Coca-Cola deal for 2019 F1 season

LONDON: Formula 1 team McLaren Racing announced Saturday that it will be extending and enhancing its association with global beverage giant Coca-Cola for the 2019 championship season. Originally, the deal was signed for the US, Mexican, Brazilian and Abu Dhabi Grands Prix in the 2018 season. The races marked the first instance of the Coca-Cola brand carried on a Formula 1 car.

Mar 01, 2019 17:03

F1 operating losses up 84% in 2018

ENGLEWOOD, Colo.: Liberty Media Corporation has reported fourth quarter and year end 2018 results for its portfolio of assets that includes Formula 1, which it purchased outright in January 2017.

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