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Wednesday, February 18, 2009

Honda confirms Virgin interest

Honda has confirmed Richard Branson's Virgin Group is one of several bidders for the F1 team, the BBC reports.

6th Annual Living Legends of Aviation Awards Ceremony - Arrivals


Honda hopes to have the team on the grid in time for Melbourne, but that will require a quick turnaround. The BBC reports a deadline to prove it has the financing to pay for Mercedes engines will expire in a matter of days.

It is believed Honda would be willing to subsidize a fair amount of funding to help whomever buys the team as a cheaper option to paying off the organizations 700 employees.

Interesting fact in the story: Virgin has been a personal sponsor for Takuma Sato for the last four years.

FOTA to unveil latest vision

The Formula One Teams' Association (FOTA) is set to unveil its latest vision for the future of F1, autosport.com reports.

A press conference slated for March 5 will reveal FOTA’s concepts and regulations for the sport, with aims to “make Formula One commercially sustainable, environmentally friendly and compellingly attractive for spectators, TV viewers and Internet consumers alike for years to come.”

The teams are expected to show a united front at the event, with full attendance by all team principals. If FOTA hopes to hold off Mad Max’s vision, it will need unanimity.

Motorsports sponsorship in the U.S.

Grandprix.com has an interesting brief on a report showing U.S. companies’ spending on motor sports sponsorship will be down nearly 6 percent this year.

Interesting climate in which to be searching for sponsorship for a new F1 team, especially without a race in North America...

Glock tops in Bahrain

Toyota’s Timo Glock led the field in windy conditions in Bahrain Wednesday, posting a best lap of 1:32.492 over 132 laps at the Sakhir circuit.

Felipe Massa was second in the F60 while battling gearbox gremlins in the morning and electrical issues in the afternoon.

Rounding out the trio was Nick Heidfeld in the BMW Sauber, who lost time with his F1.09 stopped on the track twice with mechanical problems.

Testing continues Thursday.

Bahrain:
  1. Timo Glock, Toyota, 1:32.492
  2. Felipe Massa, Ferrari, 1:32.917
  3. Nick Heidfeld, BMW Sauber, 1:32.993
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