Ferrari’s Board of Directors, chaired by Luca di Montezemolo, today analysed the first quarter results for 2009. Despite the current international economic climate, which has hit the automotive sector in particular, Ferrari’s figures were in line with the record levels reached in 2008.
It's a compelte mystery to me. Why drag F1 down to the level of GP2 for GP2 teams to enter when there is GP2 already available? It's just pointless. Just close this Formula1 dinosaur and let Williams and everyone else join the GP2 griddonskar wrote:Do you agree with me that new/small teams do not have the right to enter because they don't have the money?
a 100 mil $ budget including engines, drivers and promotion is about 50 times what you need in GP2 and 200 times what you need in F2. so those remarks are a bit iffy.modbaraban wrote:It's a compelte mystery to me. Why drag F1 down to the level of GP2 for GP2 teams to enter when there is GP2 already available? It's just pointless. Just close this Formula1 dinosaur and let Williams and everyone else join the GP2 griddonskar wrote:Do you agree with me that new/small teams do not have the right to enter because they don't have the money?
Oh thanks. Now I get it. They need something as bad as GP2 but 50 times pricier. That makes sence.WhiteBlue wrote:a 100 mil $ budget including engines, drivers and promotion is about 50 times what you need in GP2 and 200 times what you need in F2. so those remarks are a bit iffy.
This sounds to me as if some manufacturers and the FIA are capable of a compromise which progresses towards the objectives of both sides. Hopefully the customer support will be sufficient to convince the new teams that they will face stable operating conditions with a chance to be competitive.Mercedes take initiative in Formula One row
Edward Gorman, Motor Racing Correspondent
Norbert Haug, the little-known vice-president of Mercedes-Benz Motorsport, is on the verge of being hailed as the man who made the breakthrough in the Formula One crisis over the FIA's determination to introduce a budget cap on team expenditure.
Like the United Nations, Acas and Henry Kissinger rolled into one, Haug and his colleagues in Stuttgart have come up with a compromise proposal that appears to be flexible and subtle enough to satisfy the teams and Max Mosley, the president of the FIA.
Mosley wanted to bring in his cap next season and set it at £40 million, which led to several teams, among them Ferrari, threatening not to enter the championship in 2010. Haug's plan - the “Mercedes initiative” - allows the teams to spend no more than £100 million next season, in return for which they will offer help to new teams, in terms of cheap components and shared expertise. In addition, the teams will commit to Formula One until the end of 2012 and will agree to operate under a £40 million cap from 2011.
Mosley has written to the teams indicating that he views Haug's plan as a positive step forward because, although the budget cap will be much higher than he envisaged next season, the Mercedes plan offers what one source close to him called “clarity and certainty” over the future of the sport and a much tighter budgetary environment from 2011.
Haug's plan was first discussed during meetings in Monaco last weekend. The teams met at Heathrow yesterday to agree their response to Mosley's letter and there was optimism last night that a deal could be in place in time for most, if not all of them, to enter next year's championship by the FIA deadline of tomorrow.
A Formula One Teams Association official said the meeting had been positive. “For sure there will be developments in the next 48 hours,” he said.
WhiteBlue wrote:TimesThis sounds to me as if some manufacturers and the FIA are capable of a compromise which progresses towards the objectives of both sides. Hopefully the customer support will be sufficient to convince the new teams that they will face stable operating conditions with a chance to be competitive.Mercedes take initiative in Formula One row
Edward Gorman, Motor Racing Correspondent
Norbert Haug, the little-known vice-president of Mercedes-Benz Motorsport, is on the verge of being hailed as the man who made the breakthrough in the Formula One crisis over the FIA's determination to introduce a budget cap on team expenditure.
Like the United Nations, Acas and Henry Kissinger rolled into one, Haug and his colleagues in Stuttgart have come up with a compromise proposal that appears to be flexible and subtle enough to satisfy the teams and Max Mosley, the president of the FIA.
Mosley wanted to bring in his cap next season and set it at £40 million, which led to several teams, among them Ferrari, threatening not to enter the championship in 2010. Haug's plan - the “Mercedes initiative” - allows the teams to spend no more than £100 million next season, in return for which they will offer help to new teams, in terms of cheap components and shared expertise. In addition, the teams will commit to Formula One until the end of 2012 and will agree to operate under a £40 million cap from 2011.
Mosley has written to the teams indicating that he views Haug's plan as a positive step forward because, although the budget cap will be much higher than he envisaged next season, the Mercedes plan offers what one source close to him called “clarity and certainty” over the future of the sport and a much tighter budgetary environment from 2011.
Haug's plan was first discussed during meetings in Monaco last weekend. The teams met at Heathrow yesterday to agree their response to Mosley's letter and there was optimism last night that a deal could be in place in time for most, if not all of them, to enter next year's championship by the FIA deadline of tomorrow.
A Formula One Teams Association official said the meeting had been positive. “For sure there will be developments in the next 48 hours,” he said.
Dream on.Conceptual wrote:OMFG!!!
Does this mean that the 2010 regs stand, and we are going to have 100M cars with uncorked engines (that dont count towards the 100m!!!) with the AWD, active aero and double KERS assistance?!!?!?!?!
It would be a big surprise if they do not take the deal. All the main objections have been adressed. So all teams can run equally under the uncapped rules and pretty much nothing changes except refuelling and customer cars for one year. Effectively the 2010 budget would be somewhere around 150 - 170 mil € counting all in that can be taken out.“I am willing to compromise,” Mosley told Italian newspaper La Gazzetta dello Sport, “but only if small and new teams can operate with much lower budgets and are not much slower than the others. I am very optimistic about a solution. The big and small teams have very different interests, and we have to protect everyone.
“Will Ferrari enter by Friday? I think so. I am optimistic and confident. Ferrari is very important for Formula 1, but Formula 1 is very important for Ferrari as well.”
