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Formula 1 related news
Fiat to pay $800m for Ferrari stake
Ferrari stock issue to be shelved
Turin-based Italian carmaker Fiat is poised to buy back 29 per cent of Ferrari.
A five per cent stake was sold last year for $138m, which would value Fiat's latest plan at approximately $800m.

CEO Sergio Marchionne told reporters on a visit to China that he is hoping to secure the deal before the end of September, after ... [ more ]
Michael Schumacher the best sportsman - Tiger Woods
Woods impressed with Schumacher's consistency
American golfer Tiger Woods says he thinks retiring Formula One legend Michael Schumacher is the best sportsman in the world.

Although Woods narrowly beats the seven time World Champion to top spot on any sports earning list, he nonetheless called 37-year-old Schumacher's career achievements 'phenomenal'.

"In ... [ more ]
Tyre and brake development work at Renault
Jerez - Renault - Testing
Prior to the final leg of the 2006 season, the Renault F1 Team test team has returned to southern Spain for three days of development work at Jerez.

Heikki Kovalainen and RDD driver Jose Maria Lopez were on hand for the team to begin the week's development schedule.

The young Finn, confirmed last week as a 2007 race driver, ... [ more ]
Kovalainen fastest at Jerez
Jerez - Wednesday - Testing
Renault, Honda and Red Bull started another week of testing at Jerez today.

Heikki Kovalainen (Renault) set the fastest time of the day, followed by Anthony Davidson (Honda) and Jose Maria Lopez (Renault).

Robert Doornbos – who will replace Christian Klien as the second driver at Red Bull for the rest of the season – ... [ more ]
Formula 1 related news
High Speed Barrier at Monza
FIA happy with three layer barrier
Last weekend’s Italian Grand Prix at the Autodromo Nazionale Monza was the first Formula One race to see the introduction of a new High Speed Barrier developed by the FIA Institute and the FIA.
The system, which was installed at the end of the run-off areas at the circuit’s second chicane and Parabolica corners, was designed ... [ more ]
Schumacher could race on - Ecclestone
The option is there for Michael Schumacher
Bernie Ecclestone thinks Michael Schumacher could one day return to Formula One.
The F1 supremo is quoted by Sport Bild in Germany as encouraging the Ferrari driver to race again beyond the end of the 2006 season - for current title rival Renault.

"With his ability and his fitness (Schumacher) has at least ... [ more ]
Back to work for retiring Schumacher
Pushing on with the title challenge
He is going to retire at the end of the year, but Michael Schumacher has vowed to keep his foot on the throttle in the remaining six weeks of his last championship battle.
Ferrari are planning to push hard in the three-week gap between the Monza and Shanghai rounds of the 2006 calendar, with 37-year-old Schumacher scheduled ... [ more ]
Sutil, not Klien, on verge of Spyker deal
Adrian Sutil back in the third seat in China?
Reports that said Christian Klien is on the verge of a deal with the newly renamed Spyker MF1 Racing team may have been premature.
Austrian newspaper Salzburger Nachrichten has quoted a team insider who casts doubt on the 23-year-old's candidacy either for a Friday test role this year or a full race cockpit in ... [ more ]
Alabama 'interested' in US Grand Prix
Another option for F1 in the USA?
An investor into a new motor racing circuit in Alabama says the project is 'interested' in becoming home to a second United States Grand Prix.

The consortium recently announced plans for an oval speedway and road course, probably to be situated in the coastal city of Mobile and built at a cost of $350m.

Staging ... [ more ]
Formula 1 related news
Karthikeyan aims for Wurz's seat
Occasional tester hoping for more in '07
Secondary team tester Narain Karthikeyan is hoping to replace Alex Wurz when Williams' official 'third' driver moves into the race seat in 2007.

The 29-year-old Indian, who stepped into the sport's background following his unspectacular debut for Jordan in 2005, is reportedly near a deal to land Wurz's job after ... [ more ]
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