Motorsport
Toto Wolff begins to cut Williams ties through deal with US investor
Toto Wolff, executive director of business for Formula One front-runners Mercedes, has begun the process of reducing his interest in rival team Williams by agreeing a deal to sell a stake of his shares in the British outfit to American healthcare entrepreneur Brad Hollinger.
WTCC set for German return at legendary Nordschleife
World Touring Car Championship (WTCC) promoter Eurosport Events has announced that the motor-racing series will race on Germany’s legendary Nürburgring Nordschleife circuit in 2015 as part of a new three-year deal.
Trulli enters Formula E with own team
Former Formula One driver Jarno Trulli has announced he will enter a team into motor-racing’s new Formula E Championship.
FIA extends ACO deal for World Endurance Championship
Automobile Club de l'Ouest (ACO), the creator and organiser of the 24 Hours of Le Mans endurance motor-racing event, has extended a deal with the FIA, motorsport’s global governing body, to stage the FIA World Endurance Championship.
Ferrari president calls for F1 summit meeting
Ferrari president Luca di Montezemolo has asked Formula One chief executive Bernie Ecclestone to bring together the motor-racing series’ key stakeholders to discuss its long-term future, amid fears the sport is neglecting fans and sponsors.
Champions Volkswagen commit to WRC
Reigning World Rally Championship (WRC) title-holder Volkswagen has made a long-term commitment to the motor-racing series by stating that it will continue to compete for the next five years.
Montreal secures long-term extension to F1 race deal
Montreal’s long-running Canadian Grand Prix will retain its place on the Formula One calendar after city authorities announced that an agreement in principal has been reached with the motor-racing series’ chief executive Bernie Ecclestone on a new 10-year race deal.
McLaren rejects Honda investment speculation
Formula One motor-racing team McLaren has moved to deny reports than Honda will seek to enhance its forthcoming partnership by acquiring a stake in the British outfit.
F1’s Caterham quashes sale rumours
Formula One motor racing outfit Caterham has distanced itself from suggestions that the team is up for sale.
F1 chief Ecclestone rules out return of French Grand Prix
Formula One chief executive Bernie Ecclestone has ruled out an imminent return of the French Grand Prix despite recent talks between the Circuit de Nevers Magny-Cours and Formula One Management (FOM).
Long Beach replaces Los Angeles on Formula E calendar
Formula E organisers have announced that Long Beach will replace Los Angeles as one of two US races for the debut season of the world’s first fully-electric motor-racing series.
Race of Champions ends bid to reinstate Bangkok event
Organisers of the Race of Champions have abandoned plans to reschedule the 2013 edition of the motorsport event after they were unable to find an alternate date.
Magny-Cours in talks over F1 return for French GP
The French Grand Prix could return to the Formula One calendar in 2015 after Serge Saulnier, chief executive of the Circuit de Nevers Magny-Cours, said the facility is in talks over a race deal with Formula One Management (FOM).
Qualcomm and Amura Capital invest in Formula E
The Formula E motor racing series has received a boost ahead of its debut season with its promoter securing fresh investment totalling €50m ($69.5m) from existing partner Qualcomm and private equity fund Amura Capital.
FIA and local organisers maintain Russian GP on track
The International Motorsport Federation (FIA) and race promoters have maintained that Formula One’s inaugural Russian Grand Prix remains on course for its October debut in Sochi, despite ongoing concerns about the crisis in Ukraine.
FIA president blasts F1 cost-cutting proposals
International Motorsport Federation (FIA) president Jean Todt has labelled the cost-cutting proposals put forward by Formula One’s leading teams as a “joke”, adding that he is now seeking the input of the sport’s smaller outfits.
Russian and Azeri officials deny F1 race reports
Russian Grand Prix organisers have denied reports that Formula One’s inaugural race in the country is in danger, while Azerbaijani officials have rejected suggestions that Baku could step in to replace Sochi on the 2014 calendar.
Lotus owner calls for F1 prize money overhaul
Gerard Lopez, owner of the Lotus Formula One motor-racing team, has called for a rethink of the championship’s prize money structure if F1 is to retain all of its current teams.