F1 pays almost no tax – report
Tag Archive: FOTA
The Formula One Teams’ Association (FOTA) has announced today that Teams across the F1 paddock have reduced their carbon emissions by 7%.
Formula One Teams drive carbon reduction
The carbon reduction was achieved over a two-year period from 2009 to 2011 by F1 teams including Caterham, Lotus, Marussia, Mercedes AMG Petronas, Sahara Force India, Sauber, Vodafone McLaren Mercedes and Williams. It follows an externally-audited exercise to set a target to reduce emissions from a baseline of 2009.
Originally, the FIA imposed a June 30 deadline for teams to apply to contest next year’s world championship.
Despite the current Concorde Agreement uncertainty, all 12 competing F1 teams will almost certainly line up on the 2013 grid. But that date came and went, shortly after the World Motor Sport Council approved an extension of the deadline to the end of September.
Martin Whitmarsh has urged Mercedes to finally sign the new Concorde Agreement.
Despite Bernie Ecclestone’s earlier intimations to the contrary, it emerged at Hockenheim that Mercedes is in fact still yet to agree to the terms of the new deal. It is believed a major sticking point is that top rivals McLaren, Ferrari and Red Bull have all been offered places on F1′s post-floatation board, but not Mercedes.
With a single neat soundbite, Michael Schumacher on Wednesday renewed his criticism of Pirelli and called for a new tyre war in F1
The German publication Auto Bild this week mentioned the rumour that FIA president and Frenchman Jean Todt would like to see Michelin return to the sport. But the French tyre marque has stated categorically that it would only come back if the rules are changed to allow tyre makers to compete against one another again.
It is possible formula one teams will be limited to a budget cap in 2013, according to Germany’s Auto Motor und Sport.
The budget cap idea saw the sport almost implode amid the bitter political war of 2009, when proposed by controversial former FIA president Max Mosley. But it is back on the agenda in 2012, and according to new rules – where a majority of teams can now push through a change – it could be imposed next season.
Hot on the heels of the new technical controversies, the 2012 season has also kicked off in the sport’s high-intrigue world of politics.
A fascinating blog post by Sky News’ City editor Mark Kleinman has been pulled from the internet just hours after it went live. It was about “F1 finance and control allegedly involving Ferrari, Red Bull and (the sport’s owner) CVC”, according to veteran journalist and broadcaster Maurice Hamilton on Twitter.