Wolff: Red Bull approached 100 Mercedes staff over F1 engine move

Red Bull revealed in February that it would be forming its own power unit arm, known as Red Bull Powertrains, that would take over the existing Honda engine IP upon the Japanese manufacturer’s F1 exit at the end of the year.
Red Bull is making plans to produce and develop its own power unit in-house upon the next generation of engines in 2025, led by technical director Ben Hodgkinson, who …Keep reading

F1 Spanish GP: Hamilton tops FP2, Verstappen only ninth

In conditions that were hotter and windier than Friday’s earlier FP1 session, the second 60-minute practice running was initially led by Alfa Romeo’s Antonio Giovinazzi.
But Giovinazzi’s leading time from the first minutes was soon beaten by a flurry of fast times, as Esteban Ocon moved ahead with a 1m20.303s and Bottas’s 1m19.087s.
Bottas went fastest again on a 1m18.419s after a …Keep reading

Austrian Grand Prix: Tickets, the best grandstands, where to stay and how to get there

Every year, the picturesque region of Styria welcomes Formula 1 to the Red Bull Ring for the Austrian Grand Prix.
While the scenery may be peaceful, the action on track certainly is not. Over the past few seasons, the race has served up some season highlights and has fast become one of the most anticipated races on the calendar.
And although its location in the Styrian mountain lends itself …Keep reading

F1 financial numbers continue to improve after disastrous 2020

Primary revenue rose from just $17m for January to March in 2020 to $159m for the same period this year, while total revenue was up from $39m to $180m.
An operating loss of $137m for the first quarter last year was turned into a $33m loss for this year.
The numbers reflect that no races were held in the first three months of 2020, following the last-minute cancellation of the Australian GP …Keep reading

Tost: Changes to F1 cost cap rules must be done ‘in a proper way’

The 2021 season marks the first year that F1 is racing under a new budget cap and financial regulations, limiting each team to spending $145 million per season.
Within the financial regulations, F1 lawmakers are permitted to sanction teams for breaches via financial penalties, minor sporting penalties, material sporting penalties or enhanced monitoring.
But it emerged last week that …Keep reading