P.U.R.E Appointment

[SeijaKessen]

PURE will certainly have company soon when it comes to suspended programs right JET?

[bhall]

Anyone know about their "US-based" investor?

[SeijaKessen]

Anyone know about their "US-based" investor?

I was under the impression all the investors were private?

[xpensive]

Anyone know about their "US-based" investor?

You believe that?

But if you do, take your guess from Ken Anderson to Tony George or perhaps the France family?

[bhall]

I don't believe or disbelieve anything. I'd just like to know who think it's a bright idea to fund an F1 engine supply startup.

[xpensive]

This has been thoroughly discussed on the original thread, mods?

[Dragonfly]

So my hunch that it is PURE pollocks was correct.

[munudeges]

"The situation is very simple," he [Pollock] said. "The investor is US-based, but the bridging finance must come out of the EU as Swiss authorities are insisting upon that because of the tax situation.

Hmmmmmmmm.

[JohnsonsEvilTwin]

What did everyone honestly expect?

Gilles Simon must be seething! But again, with Craig bollocks behind the show what did he expect?
I wonder if red bull are waiting to pick up the scraps?

[xpensive]

"The situation is very simple," he [Pollock] said. "The investor is US-based, but the bridging finance must come out of the EU as Swiss authorities are insisting upon that because of the tax situation.

Hmmmmmmmm.

I wouldn't read too much into the US-connection, to my mind the usual suspects would still include Peugeot, which is almost bancrupt btw, or Mateschitz having a change of heart about the entire thing. Or it could simply be MrT realizing that the 2014 engine-regulation will never take place anyway and has advised Gilles Simon to get the hell out of there?

[SeijaKessen]

"The situation is very simple," he [Pollock] said. "The investor is US-based, but the bridging finance must come out of the EU as Swiss authorities are insisting upon that because of the tax situation.

Hmmmmmmmm.

I wouldn't read too much into the US-connection, to my mind the usual suspects would still include Peugeot, which is almost bancrupt btw, or Mateschitz having a change of heart about the entire thing. Or it could simply be MrT realizing that the 2014 engine-regulation will never take place anyway and has advised Gilles Simon to get the hell out of there?

Explain about the 2014 regulation never taking place...

[mx_tifoso]

I've merged the new thread into the one that had been around for a while. We didn't need a duplicate thread roaming around.

And this doesn't sound surprising at all, why it always sounded too good to be true. Cosworth might even drop out as well.

[SeijaKessen]

I've merged the new thread into the one that had been around for a while. We didn't need a duplicate thread roaming around.

And this doesn't sound surprising at all, why it always sounded too good to be true. Cosworth might even drop out as well.

Cosworth dropping out wouldn't be a big loss IMO.

When's the last time Cosworth-powered cars were relevant in F1? The 1970s?

[xpensive]

It seems to me that some of the engine-manufacturers involved are already getting concerned over the possibly stratospherical costs of developing KERS, HERS and god knows what -ERS, while being in a Euro-condition that might be shaky at best.

There will be 2.4 V8s in 2014, or I'll eat an unhealthy portion of Baclava.

[JohnsonsEvilTwin]

We'll see 1.6 turbos in 2014.


Just because a mickey mouse pollock outfit can't make it onto the grid in 2014 doesn't mean Ferrari, Mercedes-Benz or Renault cannot.
The expenses of inital development have already been spent.
Both Renault and Mercedes have benched their V6s, and are in full development mode as we chatter.

Pollock didn't expect that European bread and butter makers, like Peugeot, Citroen, Alfa, Fiat, Seat(weak expectations, surprisingly), Lancia and even Renault are suffering big time. He'd probably hoped to offload it to one of the above....Renault are tucked in bed with Nissan, who are performing well.
So I can see their continued involvement as an engine supplier.

Who will pick up this hot potato?
The Koreans don't appear to have an appetite for F1, and the Chinese will not entertain it until they have a full range of cars the west can consume. The Americans have little interest, so my bet is it will either be taken over by some kamikaze hedge fund management company, in the laughable hope that the global motor industry reverses its current trend of choosing brands over budget offerings, or it will die.