F1
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The Bahraini government-owned Bahrain Mumtalakat Holding Company, chaired by Sheik Ahmed bin Mohammed Al Khalifa, the country’s finance minister and royal family member, has bought a 30 percent shareholding in the McLaren Group. This would make the Bahraini Kingdom the second largest owner in the group after DaimlerChrysler with 40 percent ownership and ahead of Ron Dennis and the TAG Group each with 15 percent. TAG, which stands for Techniques d'Avant Garde, has had a long involvement with McLaren and was originally made famous for its holding in TAG Heuer watches. This follows the...
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Mercedes Rumored To Be Buying Out McLaren GroupAfter months of ‘will-they-won’t-they’ between McLaren and Daimler Chrysler’s Mercedes-Benz, it appears that a merger is finally close to taking place. F1 Racing magazine is claiming to have sources that are “absolutely certain that a sale is taking place.” The...
Alex Kaufmann -
Hamilton Picked As McLaren’s Second Driver
Next year’s Formula One season will see 21-year old GP2 champion Lewis Hamilton join Fernando Alonso as McLaren’s second driver. Hamilton has followed the guidance of McLaren chief Ron Dennis since the age of 13 and now the Brit moves into motorsports’ top echelon. It was...
Viknesh Vijayenthiran -
Spyker MF1 Signs Supply Deal With Ferrari
As previously rumored, Spyker has signed a deal with Ferrari that will see Ferrari supply its V-8 engines to the Spyker MF1 Team as well as the required technical assistance to run the engines in all races and tests. Spyker’s CEO Victor Muller said, "to reach agreement with the number one...
Alex Kaufmann -
New Spyker MF1 Livery
The deal was announced only 10 days ago, but Spyker has already introduced new orange and grey livery that reflects its Dutch heritage. The new colors make the Skyper racers the most distinctive cars on the grid. Spyker has also announced the GP2 Series frontrunner Alex Premat would take their...
Siddarth Raja -
The end of an era: Schumacher retires
Seven-time Formula One World Championship winner Michael Schumacher has announced that he will retire at the end of the current season. He made the announcement after beating arch-rival Fernando Alonso and winning the 2006 Italian Grand Prix. The victory was the 90th in his illustrious career...
Viknesh Vijayenthiran -
Dutch car manufacturer Spyker has confirmed it has acquired MidLand F1 Racing after bring in talks for almost a month. The new team will be called Spyker MF1 Racing and will be full owned by Spyker and valued at over $100m. Michiel Mol will join on as the team director and recently departed Toyota technical director Mike Gascoyne will also come on board as the Chief Technology Officer – whatever that means. In an interview, team owner Victor Muller said, "It is my strong conviction that F1 racing transmits values which are entirely in line with our brand values: heritage (as early as...
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Spyker bidding for Midland F1 team?
Our favorite Dutch car manufacturer, Spyker, has announced that it’s leading a consortium to try to take over the Midland F1 team. Spyker is currently in negotiations with the owners of the team but no deal has been announced yet. There’s also no word on whether the team would remain as...
Ralph Hanson -
New F1 World Record Set By Honda
Ever wondered how fast a Formula One car could go? Honda, with Alan van der Merwe at the wheel, has now claimed the world record for the “fastest straight line speed” for an F1 car, by posting a measured speed of 220 mph over two runs in opposite directions at the Bonneville Salt Flats...
Siddarth Raja -
Renault Mégane F1 special edition debuts
To celebrate the winning of the Formula One World Championship, Renault has launched the Mégane F1 special edition. Additions to the regular hatch include stripes on the bodywork and a plaque on the dash. Renault has even included stickers for the windows, which should sit nicely with the...
Viknesh Vijayenthiran
