Campos Meta 1 Situation.

[Chaparral]

I doubt Texiera will do anything for Campos - Texiera & A1GP owe creditors $100 million that includes Ferrari who build the A1GP cars he also owes a few million to the Queensland government for the non show back in November - all sorts of creditors are lining up to drag him through court so Campos may be in real trouble if theyre relying on him. Lotus will be fine along with USGPE Virgin who knows but you can bet Branson isnt putting a lot of his own money into them

[xpensive]

Most German companies were part of the WWII war-industry, including Auto Union, VW, Daimler-Benz, Porsche and BMW.

Hell, Hugo Boss designed Wehrmacht's uniforms.

[WhiteBlue]

Most German companies were part of the WWII war-industry, including Auto Union, VW, Daimler-Benz, Porsche and BMW.

Hell, Hugo Boss designed Wehrmacht's uniforms.

I guess it was pretty impossible to stay out of it when a nation goes to war. I see the common point, though. Still emotionally something that is 5 years away feels different to something that happened eighty years ago. I also think that the German nation, individual people and the companies involved have paid a high price for following the murderous maniac. Every family here has been hurt one way or the other. In Bosnia only the victims got hit. The people responsible got away with it prettty comfortably and those who profited from the war could keep the loot.

[mcdenife]

WB wrote:
I guess it was pretty impossible to stay out of it when a nation goes to war. I see the common point, though. Still emotionally something that is 5 years away feels different to something that happened eighty years ago. I also think that the German nation, individual people and the companies involved have paid a high price for following the murderous maniac. Every family here has been hurt one way or the other. In Bosnia only the victims got hit. The people responsible got away with it prettty comfortably and those who profited from the war could keep the loot.

This is a hoot. Feels different to who? only the victims???? Are you aware of what you are saying or where this will end? I will seriously consider not going any further with this if I were you.

[CMSMJ1]

WB - there is a standing joke in the UK - Do not mention the war.

SO, please. last of it.

Lets talk about F1 for a change?

[Giblet]

Makes sense, of course only the victims get hit. If you are not hit, you are not victimized.

I see this post talking about time healing all wounds, and something happening 80 years ago is not the same impact wise as something from 5 years ago.

It's pretty obvious that WB is not trying to lesson the impact of a war.

Regardless, I am glad to see that USF1 is no longer the lamest duck around. Still can not believe prodrive and lola missed the nod.

Poor Senna.

[mcdenife]

Giblet wrote:
Makes sense, of course only the victims get hit. If you are not hit, you are not victimized.

I see this post talking about time healing all wounds, and something happening 80 years ago is not the same impact wise as something from 5 years ago.

Incredibly naive (and insentive) post to say the least. Depends on the something doesnt it? Perhaps you need to think again who the victims are

[tok-tokkie]

Here is the Wiki posting for Tony Teixeira. He is insolvent & uncreditworthy. i have added the bolding.

António Tony Teixeira is a South African businessman. He was born in Portugal but emigrated to South Africa, later naturalizing himself. He lived and studied in Nigel, and later dropped out of school to work at SASOL mining company , later he moved to the transport industry. He is the owner and CEO of the oil, diamonds and gold trade company Energem.

In 2003 Teixeira was selected by Sheikh Maktoum Hasher Maktoum Al Maktoum as CEO of the A1 Grand Prix series. Teixeira took over the series in 2006 and had driven into liquidation by 2009. [1]

Trading of Energem stock has been suspended in both Toronto and London since June 2009, and filings with the London Stock Exchange indicate that US$54 million of its debt is related to A1GP, and Energem shareholders and A1GP had been promised payment of the $54 million would be made on July 16, 2009, a promise that has been broken and remade and broken again on August 6th, September 11th, September 22nd, October 22nd, December 9th, and December 31st, 2009, and once again on 8 January 2010 with a promise of an additional $9.5 million in interest.[2]

Tony Teixeira made a personal pledge that he would donate $50,000 to charity if A1GP did not turn up for their scheduled 2009 Gold Coast race. This pledge has been dishonoured.[3]

Attempting to trade while insolvent, Tony Teixeira has promoted rumours that he has been capable of purchasing one Formula One team after another, to no avail. [4]

[WhiteBlue]

WB - there is a standing joke in the UK - Do not mention the war.

SO, please. last of it.

Lets talk about F1 for a change?

agree


Nobody needs to like an F1 applicant and I have several reasons to dislike Stefanovic's. I will not support this team.

This Teixeira guy seems to be a bad apple according to what we have read here, a bit like Walkinshaw. He also conveniently forgot to pay his invoices.

[xpensive]

I have a feeling that Renault is not so eager to talk about WWII either.

[segedunum]

Campos apparently have a crash tested car..

i think you mean Dallara have.

Well, yer, but at least they're associated with a crash tested car. I can't see it racing or actually getting anywhere though.

[wesley123]

It is simple, FIA kicked themselves for their heads again with the requirement of using cosworth, thus leaving those 4 teams and none of them can get of the ground, none of them have good funding, apart from USF1 wich can actually do an acceptable season. The other 3 will be to laugh about, they had no time for a car, build a team and find investors.

IF cosworth wasnt a requirement we would have seen USF1, Lola, Prodrive and Epsilon in the Formula1, all teams wich didnt need any investments. But the FIA seem to want everything the ahrd way and see another plan fail with 2 teams falling out, wich will be campos at least, those guys are not gonna make it to bahrain.

Yes because any new team with a Honda or a Toyota or a BMW in the back of it would have had a much better chance at getting to the grid.

There was no requirement for Cosworth, only a requirement that they have an engine lease paid for when they put in their application, Cosworth was the only engine supplier capable of doing so.

Sure, that explains why every new team uses cosworth and there were much better choises for teams to choose of...

Who was Prodrive going to use? How about Lola? Merc was already at the limit with 2 customer teams, Renault was on the brink of explusion and have just recently sold the team. Toyota & BMW had 1 foot out of the door. Cosworth(and having an indepent engine supplier) was the logical choice... but then again when is using logic ever a good idea in F1 or around here.

why should cosworth be logical? Ferrari could deliver an engine, renault can, toyota still can, there are enough other choises. Prodrive wanted aston martin to enter, so they would have had aston martin power.

Any new team in F1 is bound to have problems in these tough economic times, as are established ones... Williams have burned through all their resources, SAR is Gone, Midland sold off, same with Spyker... is it because of Cosworth?

Yes they are, bwecause FIA made smart choises of choosing teams who even needed to build a workspace, while prodrive and lola have the needed funding and resources for example

[/quote]Manor and Campos didnt need to have the resources that Lola or Prodive did, because someone else(Wirth & Dallara respectively) was designing & building their cars for them. And what is so great about Prodrive? I dont seem to see them in WRC anymore, what makes you think they were a lock to succeed in F1? They won a seat in 2006 for F1, but decided to decline because constructing a car would have been "prohibitively expensive", what has changed since then? And we all remember Lola's last time in F1, a complete joke, almost as big a joke as N technologies.[/quote]
any sources?
Wirth is under contract of Manor so manor still needs the resources, no matter what.
Also, i dont know about your knowledge but lola has grown an enormous amount, they are much bigger now and they dont need the investment they needed then as they have everything ready, including an state of the art CFD system, windtunnels etc. They are more 'strapped up' then most of the team here.

[Roger the knife]

Most German companies were part of the WWII war-industry, including Auto Union, VW, Daimler-Benz, Porsche and BMW.

Hell, Hugo Boss designed Wehrmacht's uniforms.

Without mentioning the war, are you trying to imply that the Bosch had nice smart, well cut uniforms, made from cashmere and high quality fabrics, whereas the brave British tommy had cheap C&A, standard fit stuff, made from something resembliung low quality sacking... [-X

[segedunum]

Here is the Wiki posting for Tony Teixeira. He is insolvent & uncreditworthy. i have added the bolding.

Indeed. There is a massive cycle of debt there that is worrying, and suggests that we might have something similar to the Qadback situation here - people who like to create the appearance of having money, but actually being negative to start with. While keeping A1GP going was always going to be difficult, Teixera has sucked any money there might have been out of it, laden it with debt and totally destroyed it.

As for StefanGP, regardless of where they might have come from, the thing smells right from the off like another Qadback thing where the only thing they were after was to milk a Formula One entry for any cash whilst delivering little or nothing. You only need to look at the people around any such new team that springs out of nowhere and ask what credibility they have.

[gibells]

... whereas the brave British tommy had cheap C&A, standard fit stuff, made from something resembliung low quality sacking... [-X

Yep, I'd say that sounds about right. History seems to repeat itself over and over. Check out the quality of supplies our boys are receiving on the front-line nowadays.