Formula 1 Racing News

[blueline]

the historic issues with most OEM's is attention span and control from corporate HQ. Look at how Ford messed up and gave up on Jaguar F1. With VW bleeding money and closing plants I wonder in Audi will make it to the starting grid.

That's a good point. Things may well change w/Audi in that regard. Maybe F1 honchos know that and are hedging their bets to be sure they don't drop below 10-teams.

[blueline]

And now this from Aston Martin -

viewtopic.php?f=6&t=3567&p=39663#p39663

I wonder how or if this will impact their F1 efforts?

[71eh]

It won't effect them one bit... Aston Martin Lagonda Global Holdings Plc, the car company, and Aston Martin F1 racing are two different entities that do not share any debt/liabilities. The car company is basically a glorified sponsor for the racing team. Stroll ain't running out of money, or investors, anytime soon ha.

[blueline]

It won't effect them one bit... Aston Martin Lagonda Global Holdings Plc, the car company, and Aston Martin F1 racing are two different entities that do not share any debt/liabilities. The car company is basically a glorified sponsor for the racing team. Stroll ain't running out of money, or investors, anytime soon ha.

Good to know.

AML (the car company) is not on the firmest ground at the moment. The shares are down to about $1.25 p/s, apparently an all-time low. Per SSO, at the current cash burn rate, if they don't turn around sales Aston will likely run out of cash in the next several quarters.

"Under cloak of darkness on Tuesday, Aston Martin Lagonda (AML) issued yet another profit warning and announced they would be raising an additional £210 million. Of the £210 million, £110 million is in equity and £100 million in debt. The stock market reacted as one would expect, and AML hit a new all-time low of 98p."

"On top of Stroll’s Yew Tree, PIF, Geely, and Mercedes-Benz could also be considered “strategic investors” in Aston Martin. It’s quite telling that none of these have chosen to invest in this round."

[Stormy_Monday]

British cars became increasing irrelevant years ago. Maybe Geely or Tata will buy AML and figure something different out.

[WillyDaP]

Tata is having trouble with Jaguar, both with Sales and their Marketing switch to all electric , so not sure they are a good choice. BMW owns Rolls Royce, so that might be a good fit as it would put a Marque that price wise is often a bit higher than BMW so it would give them a middle ground between BMW and Rolls.........just a thought.

[996C438]

According to this article today was Estebon Ocons last race with Alpine . Jack Doohan will run the entire weekend at Abu Dhabi to get a jump on next year with the team . Ocon will run a test with Haas after the race weekend.

https://www.motorsport.com/f1/news/ocon ... /10678396/

[996C438]

Williams has had so much crash damage this year they are borrowing parts from other teams to make the grid . That can't be good for the profit margin .

https://www.si.com/fannation/racing/f1b ... jdz7a36b6s

[blueline]

"Qatar’s QIA Stakes Claim in Audi’s F1 Future"

https://www.autoweek.com/racing/formula ... d568259d8a

Lifelines.

"Qatar Investment Authority (QIA), the sovereign wealth find of Qatar, has acquired a significant minority stake in Audi’s Formula 1 team."

"Audi’s parent company, Volkswagen Group, has been struggling financially, and is expected to shut factories and cut salaries and jobs at some of its European plants."

"Sauber is not the first Formula 1 team to take on investment from the region – nor is it unique in having a model of co-ownership and external investment owing to the championship’s growth.

"McLaren Group – the parent company of McLaren Racing – is owned by Bahrain’s sovereign wealth fund, while Saudi Arabia’s state-owned oil company Aramco is the long-term title partner and technological ally of Aston Martin."

"Aston Martin last year received investment from US private equity firm Arctos Partners while the Renault-owned Alpine team sold a 24 per cent stake to Otro Capital, RedBird Capital Partners and Maximum Effort Investments, a consortium that included sports stars and Hollywood actors."

It appears that there are plenty of very deep pockets able and willing to keep things moving ahead in F1.

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