The FIA has finally signed on to a new Concorde Agreement.
Tag Archive: Concorde
Finn Kovalainen, whilst highly rated by Fernandes, brings no sponsorship to Caterham.
Caterham boss Tony Fernandes has admitted he “cannot discount going down the pay-driver route” for 2013, according to a report in the Guardian. That would be bad news for Heikki Kovalainen, who already admitted in India last weekend that financial issues are clouding his future.
Timo Glock is expecting to be with Marussia for a fourth consecutive season in 2013.
But the German is also open to “the possibility” of a change. “It (an alternate team) would have to be a clear step forwards,” the former Toyota driver is quoted by DPA news agency. “But at the moment I am fulfilling my contract and so I am not in talks with anyone else,” added Glock.
Norbert Haug has denied reports Niki Lauda played a big role in Michael Schumacher’s exit at Mercedes.
Germany’s Sport Bild has suggested Austrian legend and triple world champion Lauda, who is joining Mercedes as a non-executive chairman, pushed hard for the German marque to oust Schumacher in favour of McLaren’s Lewis Hamilton.
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.
Ecclestone proposes ‘Grand Slam’ F1 races and backs customer cars, not budget cap
Bernie Ecclestone has confirmed he is still at loggerheads with Mercedes over the new Concorde Agreement. The German carmaker’s team is the big missing name, after F1 chief executive Ecclestone announced recently he has agreed terms with “the majority” of the teams including Ferrari, McLaren and Red Bull.
“There is so much value that these guys are sitting on that they are not realising.”
Formula one teams have appointed a company to assess the sport’s media value ahead of crucial negotiations over the next Concorde Agreement. The confidential agreement is set to expire at the end of next year, and the Financial Times reports that the teams – currently still united in their FOTA alliance – are “anxious to secure a larger share” of formula one’s income.
The debate about the 2013 engine regulations has continued to roll in the Montreal paddock.
The World Motor Sport Council voted in favour of the controversial four-cylinder turbo rules at its latest meeting last week. Germany’s Auto Motor und Sport, however, revealed that the regulations passed by the thinnest of majorities, with only 13 of the 26 members in favour of the rules.
The governing Concorde agreement expires at the end of next year
F1’s biggest teams have scheduled a meeting in Stuttgart next weekend to discuss the future of the sport, according to reports. The news was reported by the Daily Telegraph but also Sky News’ City editor Mark Kleinman, who has been very well informed so far on the possible Rupert Murdoch-led takeover of formula one.
Theissen not staying in F1 with Sauber
Contrary to earlier reports, it has emerged that Sauber will be missing from the FIA’s forthcoming provisional 2010 entry list. The specialist publications Blick and Auto Motor und Sport report that, in order to avoid a $150m fine for not honouring the Concorde Agreement, Toyota is instead looking to hand over its team entry to Serbian outfit Stefan Grand Prix.