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Who will win a 2026 Grand Prix? "We are receiving calls from prime ministers, from governments that really want to host the Grand Prix," F1 CEO Stefano Domenicali told CNBC's "Inside Track." The Belgian Grand Prix adds an estimated $248 million to the national economy each year. Abu Dhabi, which held its first Grand Prix in 2009, spent $40 billion constructing an artificial island to do it. "It didn't have anything before the plans for the Abu Dhabi Grand Prix."
Persons: Stefano Domenicali, CNBC's, Domenicali, Abu, Saif Rashid Al Noaimi, YouGov, Robin Fenwick, Guy Antognelli, McLaren, Zak Brown, You've, Lewis Hamilton Organizations: CNBC, Abu, Grand Prix, Monaco, Monaco Government Tourist, Convention Authority, Cannes Film, Cote d'Azur, Bloomberg Locations: Thailand, South Korea, India, Rwanda, Belgian, Europe, America, Belgium, Abu Dhabi, Yas, Grand, Saudi Arabia, U.S, Monte Carlo, Monaco, Cote
F1 races are often decided by tenths of seconds, and technological advancements can make or break a team's time on the circuit. "Formula One is all about performance, and it's performance which drives success on the racetrack. "Without all four of them operating at a very high level, it's very difficult to have real success," Waterhouse added. James Vowles, team principal for Williams Racing, said he spends about 30% of his time on technology. Watch the video above for an in-depth look at the technology that fuels F1 success, featuring interviews with Formula One Group CEO Stefano Domenicali, McLaren Racing CEO Zak Brown, Williams Racing Team Principal James Vowles, Scuderia Ferrari HP Team Principal Fréd Vasseur and more.
Persons: Ben Waterhouse, Waterhouse, Dan Keyworth, James Vowles, Vowles, Stefano Domenicali, Zak Brown, Fréd Vasseur Organizations: Oracle Red Bull, McLaren Racing, Williams Racing, Formula One, McLaren, Ferrari HP
Charles Leclerc of Monaco driving the (16) Ferrari SF-23 on track during practice ahead of the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 17, 2023 in Las Vegas, Nevada. Mark Thompson | Getty Images Sport | Getty ImagesWhen Liberty Media Chairman John Malone finalized the $4.4 billion acquisition of Formula One in 2017, he knew he was onto something. Mark Thompson | Getty Images Sport | Getty ImagesEvening out the field created more exciting story lines, which Netflix seized on. But to crack America, F1 needed a spectacle, and the 2023 Las Vegas Grand Prix would provide it. Mark Thompson | Getty Images Sport | Getty Images
Persons: Charles Leclerc of Monaco, Ferrari, Mark Thompson, John Malone, Fred Vasseur, — Ferrari, Red Bull, Mercedes AMG, Zak Brown, CNBC's, Max Verstappen, Stuart Pringle, Malone, Brown, Stefano Domenicali, Alexander Albon, Williams FW45 Mercedes, Kevin Magnussen, Haas, Autodromo Jose Carlos Pace Organizations: Las Vegas, Circuit, Getty, Liberty Media, Formula, Liberty, Ferrari HP, Constructors, Honda, McLaren Racing, Oracle Red Bull, Prix, Qatar, Lusail, Netflix, Silverstone, CNBC, Dells, Miami, Austin, Vegas, Autodromo Jose Locations: Las Vegas , Nevada, Netherlands, parc ferme, Lusail City, Qatar, U.S, Vegas, Thailand, Denmark, Brazil, Sao Paulo
Meet the people driving billions of dollars in deals for Formula 1
  + stars: | 2024-10-20 | by ( ) www.cnbc.com   time to read: +1 min
In the high-octane world of Formula One, success is driven by more than just talented drivers and engineers. F1's dealmakers have brokered billions of dollars in revenue off the circuit, generating cash from several places, including media rights, ticket sales, merchandising and sponsorship. Our main source of success is because we are able to connect with our fans, understanding that we are a worldwide business," said Stefano Domenicali, Formula One Group CEO, in an interview with CNBC's Inside Track: The Business of Formula 1. In fact, it was a major deal — Liberty Media's acquisition of F1 in 2017 — that propelled the sport forward. That's where we need to be strong, and that's maybe the reason why we are so successful," he added.
Persons: Stefano Domenicali, Domenicali, Zak Brown, James Vowles, Fréd Vasseur Organizations: Formula One, Liberty, McLaren, Williams Racing, Ferrari HP Locations: United States
McLaren CEO: Norris, Piastri styles complement team, each other
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcLaren CEO: Norris, Piastri styles complement team, each otherZak Brown, CEO of McLaren Racing, says the differing styles of Formula One drivers Lando Norris and Oscar Piastri make the team better. He also discusses the sport's popularity in the U.S.
Persons: Norris, Zak Brown, Lando Norris, Oscar Piastri Organizations: McLaren, McLaren Racing Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'I like our chances', says McLaren Racing CEO going into Singapore Grand PrixZak Brown, CEO of McLaren Racing is upbeat about the team's chances and hopes to defend their pole position at the Singapore Grand Prix.
Persons: Zak Brown Organizations: Racing, McLaren Racing, Singapore, Prix Locations: Singapore
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcLaren Racing CEO: Proud of F1's innovations in safety, sustainabilityMcLaren Racing CEO Zak Brown discusses how the team uses hard data to improve results, and its efforts to become a more sustainable sport.
Persons: Zak Brown Organizations: McLaren
Wind-tunnel testing is crucial for Formula 1 teams to study and optimize a car's aerodynamics. Months of testing go into the development of each race car — and wind-tunnel testing is critical in this process. "Wind-tunnel testing is simply the most important development tool you have," said Guenther Steiner, a former team principal of the Haas F1 team who's now an ambassador for the Miami Grand Prix. A computer model simulating the aerodynamics of an F1 car. The Alpine F1 Team lowers a car onto a track for wind-tunnel testing.
Persons: , Guenther Steiner, It's, Dan Fallows, Fallows, Zak Brown, McLaren, we've, Brown, We're, it'll Organizations: Formula, Service, Haas, Miami Grand, Aston Martin Aramco F1, Alpine, Engineers, NFL, Aston Martin Locations: England
Guenther Steiner likened being the team principal of Haas F1 to "being the CEO of a small company." "The good news is no two days are the same," said James Vowles, Williams Racing's team principal. Guenther Steiner, a former team principal of the Haas F1 team who's now an ambassador for the Miami Grand Prix, said the job was sort of like running a corporation. Brown said the top traits he looked for in a team principal were selflessness, a focus on performance, and a willingness to lead by example. "Andrea is a team principal that focuses on his team, putting his people first."
Persons: James Vowles, Guenther Steiner, , Williams, Rudy Carezzevoli, Vowles, Alex Albon, Albon, Haas, Kevin Magnussen, PETER, Steiner, I'm, Zak Brown, Andrea Stella, Lando Norris, Brown, Stella, wasn't, Andrea, he's Organizations: Williams Racing, Haas, Service, Netflix, Brawn, Mercedes, Constructors, Miami Grand Prix, Getty, McLaren Locations: Bahrain, Williams
The Monaco Grand Prix is the crown jewel of Formula 1, known for its glitz and glamour. In the decades since then, the Monaco Grand Prix has become the crown jewel of Formula 1 — and arguably the most famous race in the world. Senna's surprising defenseThat crash was a distant memory by 1992, as Senna unexpectedly claimed his fifth Monaco Grand Prix victory. While he didn't gain any victories during his Mercedes stint, he earned a pole position at his final Monaco Grand Prix at 43. Daniel Ricciardo celebrating his Monaco Grand Prix win in 2018.
Persons: , it's, Bob Varsha, Varsha, Clive Rose, Zak Brown, McLaren, Lando Norris, It's, Juan Manuel Fangio, Alfa, Yves, Giraud Cabantous, Maurice Trintignant, Robert Manzon, Giuseppe Farina, Jackie Stewart, Stewart, Jackie, Ayrton Senna, Senna, Ayrton Senna's, Nigel Mansell, Brown, Mansell, Michael Schumacher's, Mercedes, Mark Webber, Schumacher, Daniel Ricciardo, Lewis Hamilton, Ricciardo, Dan Istitene, Charles Leclerc —, he's, Leclerc Organizations: Monaco, Service, Prix, ESPN, Miami Grand Prix, Indianapolis, Le, Alfa Romeo, Formula, Getty, Universal Pictures, Williams, Renault, Mercedes F1, Netflix, Monaco Grand Prix, Monaco —, Ferrari Locations: Monte Carlo, Monaco, Argentine, British
This job also includes Android TV, Android Auto, and new augmented and mixed-reality technology. With Google's new Gemini AI models, "we can do things that have never been possible on smartphones," he added. The "System UI" levelThis is possible because Google has baked Gemini AI models and assistant technology into the "System UI" level on Android devices. However, he stressed that this doesn't mean the company can't build unique experiences on Android devices, including many new AI experiences. This works through a combination of Google Search, Gemini AI technology, and Android — something that's not possible on any other platform, Samat said.
Persons: , Sameer Samat, Zak Brown, Samat, He's, It's, Gemini Organizations: Service, Google, Android Ecosystems, Android, Android Auto, Business, Apple, Samsung, Gemini
CNN —Lando Norris won the first race of his Formula One career, storming to victory at the Miami Grand Prix on Sunday in front of a crowd flooded with celebrities. Sunday’s victory was also McLaren’s first grand prix victory since 2021 – and second in the last 12 years. “He drove perfectly, the car was really fast.”Norris finished 7.61 seconds ahead of second-placed Verstappen to win the 2024 Miami Grand Prix. The F1 season next heads to Italy for the Emilia Romagna Grand Prix with the race weekend starting on May 17. This year’s attendance at the Miami Grand Prix was a sold out 275,000 across the race weekend, according to Formula One.
Persons: CNN — Lando Norris, Max Verstappen, Ferrari’s Charles Leclerc, – Norris, “ I’m, I’ve, ” Norris, , McLaren, Zak Brown, Norris, , ” Brown, Mark Thompson, Verstappen, Brit, , Lando, It’s, it’s, ” Verstappen, Lisa, Blackpink, Tom Brady, Blackpink’s Lisa, Camila Cabello, Ed Sheeran, Anthony Mackie, Patrick Mahomes, Travis Kelce, Odell Beckham Jr, Fred Kerley, Keke Palmer, Daniel Ricciardo, Rudy Carezzevoli, Donald Trump Organizations: CNN, Miami, Prix, McLaren, Sky Sports, Getty, Emilia, Grand Prix, Miami Grand Prix, North, NFL, Miami International, Kansas City Chiefs, Former, Formula One Locations: British, Italy, Grand, North America
Carlos Sainz of Ferrari during second practice ahead of the Formula 1 Las Vegas Grand Prix at Las Vegas Strip Circuit in Las Vegas, United States on November 17, 2023. Proponents of the "Netflix effect" often point to a poll taken in 2022 which found 28% of American adults considered themselves to be F1 fans, with more than half crediting "Drive to Survive." If this were true it would mean there were an incredible 72 million F1 fans in the U.S. alone. This argument runs out of road slightly however, when you consider that only 2 million Americans tuned in to watch the 2023 Miami Grand Prix. Today, F1 fans are estimated to be around 40% female, up from just 8% in 2017, as well as significantly more culturally diverse.
Persons: Carlos Sainz, Ferrari, Jakub Porzycki, Nielsen, it's, Toni Cowan, Brown, Cowan, Zak Brown, McLaren, It's, Buzz Radar, TJ Adeshola, Aston Martin, McLaren Unboxed, Lando Norris, Oscar Piastri, Thaier Organizations: Las Vegas, Nurphoto, Netflix, ESPN, IndyCar, NASCAR, Prix, Miami Grand Prix, CNBC, North, Anp, Getty, YouTube, Liberty Media, Aston, Aston Martin Racing, Buzz, Formula, sudani Locations: Las Vegas, United States, U.S, North America, North American, Nevada, Aston Martin, Australia, Bahrain
CNN —Red Bull has suspended the female employee who accused F1 team principal Christian Horner of inappropriate behavior, according to multiple reports. CNN has been unable to corroborate their authenticity and Red Bull said it would be “inappropriate” to comment on the matter. “The reality is that there was a grievance that was raised, it was dealt with in the most professional manner by the group, not by Red Bull Racing but by the owners of Red Bull GMBH, that appointed an independent KC, that is one of the most reputable KC’s in the land,” Horner said. As far as I’m concerned, as far as Red Bull is concerned, we move on.”‘Focus is very much on the future’Media speculation that three-time F1 world champion Max Verstappen could leave Red Bull Racing has arisen, after his father Jos Verstappen called for Horner’s sacking following the allegations. Clive Rose/Getty ImagesHorner added that he expects Verstappen will see out his contract with the team through 2028.
Persons: Bull, Christian Horner, Horner, Red Bull, ” Horner, , Max Verstappen, Jos Verstappen, Horner’s, “ I’m, Clive Rose, Verstappen, , “ He’s, He’s, we’ve, he’s, Zak Brown, McLaren, CNN’s Amanda Davies, Brown, ” Brown Organizations: CNN, Prix, Red Bull, Red Bull GMBH, KC, McLaren Racing’s, FIA Locations: Jeddah, Saudi Arabia, Bahrain, Red
[1/5] Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 18, 2023 Ferrari's Charles Leclerc celebrates after qualifying in pole position REUTERS/Finn Blake Acquire Licensing RightsSummaryCompanies Ferrari first and second in Las Vegas qualifyingLeclerc on pole but penalty drops Sainz 10 placesVerstappen to start on front row for Red BullWilliams in surprise third row sweep, McLaren struggleLAS VEGAS, Nov 18 (Reuters) - Charles Leclerc put Ferrari on pole position for the inaugural Las Vegas Grand Prix on Saturday with Red Bull's triple Formula One world champion Max Verstappen stepping up to join him on the front row. Leclerc was fastest in all three qualifying phases down the floodlit Strip, with its neon backdrop of landmark hotels and casinos, for his third pole in the last four races. The Monaco driver was still disappointed with his laps, and a pole time of one minute 32.726 seconds only half a tenth faster than Sainz. Red Bull's Sergio Perez, who can clinch second place overall in the championship this weekend, will start 11th as Sainz drops to 12th. Qualifying started at midnight on Friday, making Las Vegas the first grand prix since Japan in 2019 where the pole position was decided on the same day as the race.
Persons: Ferrari's Charles Leclerc, Finn Blake, Ferrari, Leclerc, Verstappen, Red Bull Williams, Charles Leclerc, Max Verstappen, Ferrari's Carlos Sainz, Sainz, George Russell, Pierre Gasly, Williams, Alex Albon, Logan Sargeant, Valtteri Bottas, Alfa Romeo, Kevin Magnussen, Haas, Fernando Alonso, Aston Martin, Mercedes, Lewis Hamilton, Red Bull's Sergio Perez, MCLARENS, McLarens, Britain's Lando Norris, Oscar Piastri, Aston, Lance, Zak Brown, Alpine's Esteban Ocon, Frenchman, Ocon, Alan Baldwin, Kirsten Donovan, Hugh Lawson Organizations: Las Vegas, Las Vegas Strip, Sainz, McLaren, LAS VEGAS, Monaco, Mercedes, Alfa, U.S, Aston, Sky Sports, Verstappen, Thomson Locations: Las Vegas , Nevada, U.S, Sin City, Dutch, Japan, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcLaren Racing CEO Zak Brown Talks Putting Fans At The Center Of His F1 Team's StrategyZak Brown, CEO of McLaren Racing, chats with CNBC's Sara Eisen about the ongoing dialogue between the F1 team and its fans, the future of racing in America, and how to focus a successful team. CNBC is a sponsor of McLaren Racing.
Persons: Zak Brown, Sara Eisen Organizations: McLaren, McLaren Racing, CNBC Locations: America
Sainz hit with Las Vegas grid drop after drain damage
  + stars: | 2023-11-17 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 16, 2023 Ferrari's Carlos Sainz Jr. walks into the pits REUTERS/Mike Blake Acquire Licensing RightsLAS VEGAS, Nov 17 (Reuters) - Ferrari's Carlos Sainz will have a 10 place grid penalty at the Las Vegas Grand Prix after a loose drain cover wrecked his car and forced the cancellation of Thursday's opening practice. Race stewards turned down the Italian team's request for penalty-free repairs because they said they were obliged to apply the regulations as written. "I think it's tough for a team to arrive in Vegas and to have this kind of incident," he said. First practice lasted only eight minutes before Sainz's Ferrari hit the drain cover in a storm of sparks. "You've got to say that's force majeure, that's nothing of their own doing," he told Sky Sports television.
Persons: Ferrari's Carlos Sainz Jr, Mike Blake, Ferrari's Carlos Sainz, Spaniard Sainz, Ferrari, Fred Vasseur, Sainz's Ferrari, McLaren, Zak Brown sympathised, You've, Alan Baldwin, Toby Davis Organizations: Las Vegas, Las Vegas Strip, LAS VEGAS, Ferrari, Sky Sports, Thomson Locations: Las Vegas , Nevada, U.S, Vegas, London
[1/5] Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 16, 2023 Stewards use a crane to remove the Ferrari of Carlos Sainz Jr. after the cancellation of the first practice session due to a drain cover that came off the asphalt and hit the car. The survival cell, engine, battery and control electronics were all damaged beyond repair during an incident that Ferrari team principal Frederic Vasseur called "unacceptable." "I think it's tough for a team to arrive in Vegas and to have this kind of incident," he said as mechanics rebuilt Sainz's car. read moreAlpine driver Esteban Ocon's chassis also needed to be replaced due to damage but he too returned for second practice. The sessions along the transformed Strip marked F1's return to Las Vegas for the first time in nearly 40 years.
Persons: Carlos Sainz Jr, Sainz, Charles Leclerc, Ferrari, Carlos Sainz, Frederic Vasseur, Esteban Ocon's, Fernando Alonso, Aston Martin, Red Bull's Sergio Perez, Valtteri, Alfa Romeo, Red, Max Verstappen, Verstappen, I've, Mercedes, Lewis Hamilton, I'm, Vasseur, McLaren, Zak Brown, Toto Wolff, Wolff, Leclerc, Haas, Nico Hulkenberg, Kevin Magnussen, Rory Carroll, Alan Baldwin, Miral Fahmy, Toby Davis Organizations: Las Vegas, Las Vegas Strip, VEGAS, Ferrari, FIA, Aston, Alfa, Briton, Liberty, Thomson Locations: Las Vegas , Nevada, U.S, Vegas, Qatar, Las Vegas, Monaco, Baku, Los Angeles, London
Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S. - November 15, 2023 Ferrari's Charles Leclerc talks to the media ahead of the Las Vegas Grand Prix REUTERS/Finn Blake Acquire Licensing RightsLAS VEGAS, Nov 16 (Reuters) - The first practice session of the Las Vegas Grand Prix was cancelled on Thursday just eight minutes in to repair the track after a faulty water valve cover badly damaged Carlos Sainz's Ferrari. Ferrari team principal Frederic Vasseur said two-thirds of the car would need to be changed out and called the situation "unacceptable." "These cars are generating huge amounts of suction underneath now," said Williams Racing team principal James Vowles. Mercedes team principal Toto Wolff lashed out at a reporter who asked how the cancelled practice was not a "black eye" for F1. The brief first test of the course along the transformed Strip marks F1's return to Las Vegas for the first time in nearly 40 years.
Persons: Ferrari's Charles Leclerc, Finn Blake, Carlos Sainz's Ferrari, Frederic Vasseur, Carlos, Vasseur, Esteban Ocon's, Williams, James Vowles, McLaren, Zak Brown, Mercedes, Toto Wolff, Wolff, Haas, Nico Hulkenberg, Kevin Magnussen, Max Verstappen, Logan Sargeant, Rory Carroll, Miral Organizations: Las Vegas, Las Vegas Strip, Las Vegas Grand Prix REUTERS, LAS VEGAS, Prix, Ferrari, FIA, Williams Racing, Thomson Locations: Las Vegas , Nevada, U.S, Baku, Montreal, Las Vegas, Los Angeles
Happy McLaren boss offers to fly Piastri's mum to Japan
  + stars: | 2023-09-23 | by ( ) www.reuters.com   time to read: +3 min
SUZUKA, Japan, Sept 23 (Reuters) - McLaren Formula One boss Zak Brown offered to fly Oscar Piastri's mother to Japan after the Australian rookie driver put his car on the front row of the starting grid for Sunday's race at Suzuka. "I'm very happy to buy her an airline ticket," Brown told Sky Sports television after Nicole Piastri responded to a jubilant McLaren social media post with the words "anyone got a cheap flight to Japan?" From struggling to score points, McLaren are now looking quicker than engine provider Mercedes, even if well behind in the standings. "But of course I want to try and be the next Australian to break some other records or be added to those lists. A nice start, but of course, I want to be able to do more."
Persons: Zak Brown, Oscar Piastri's, Piastri, Brown, Nicole Piastri, McLaren, Nicole, Lando Norris, Max Verstappen, Norris, Andrea, Stella, Max, I’ve, Alan Baldwin, Pritha Sarkar Organizations: McLaren Formula, Suzuka, Belgian, Sky Sports, Saturday's, Mercedes, Australian, Thomson Locations: SUZUKA, Japan, Singapore, Australian, London
Verstappen resumes normal service with top time in Japan
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: +2 min
SUZUKA, Japan, Sept 22 (Reuters) - Red Bull's runaway Formula One championship leader Max Verstappen roared back from defeat in Singapore to set the fastest lap in the first practice for the Japanese Grand Prix on Friday. Verstappen's best time of one minute 31.647 seconds was 0.626 quicker than Ferrari's Carlos Sainz, the winner in Singapore. McLaren's Lando Norris was third fastest, 0.745 off the pace with a late switch to the soft tyres, with Ferrari's Charles Leclerc fourth and 0.927 slower than Verstappen. Perez, 151 points behind Verstappen after 15 of 22 races, was only 11th and 1.396 seconds slower than his team mate. Red Bull are set to retain their constructors' title in Japan on Sunday, needing to score only a point more than Mercedes.
Persons: Max Verstappen, Sergio Perez, Verstappen's, Ferrari's Carlos Sainz, McLaren's Lando Norris, Ferrari's Charles Leclerc, Max, McLaren, Zak Brown, Perez, Red Bull, Mercedes, George Russell 13th, Lewis Hamilton, Yuki Tsunoda, Aston Martin's Fernando Alonso, McLaren's Oscar Piastri, Williams, Alex Albon, Liam Lawson, Aston, Lance, Alan Baldwin, Christian Schmollinger Organizations: Suzuka, Sky Sports, Verstappen, Thomson Locations: SUZUKA, Japan, Singapore, Marina Bay, Mexican, London
Marko, 80, apologised last week after referring to Perez as a "South American" who was less focused than dominant Red Bull team mate Max Verstappen or the team's now-retired champion Sebastian Vettel. "We can confirm that Helmut Marko has received a written warning and been reminded of his responsibilities as a public figure in motor sport in line with the FIA Code of Ethics," said an FIA spokesman at the Singapore Grand Prix. Perez said on Thursday he had accepted a personal apology from Marko, whose comments continued to provoke a strong reaction in the paddock. It was not the first time Marko had referred to Perez as a South American, although the Mexican comes from Guadalajara which is geographically in North America. "I'm Italian so I know that sometimes we have been facing the same comments," said Alfa Romeo's Alessandro Alunni Bravi.
Persons: Gilles Villeneuve, Sergio Perez, Helmut Marko, Evan Buhler, Marko, Perez, Max Verstappen, Sebastian Vettel, Mercedes, Toto Wolff, hasn't, Lewis Hamilton, McLaren, Zak Brown, Verstappen, Alessandro Alunni Bravi, Alan Baldwin, Ken Ferris Organizations: Prix, Grand Prix REUTERS, Rights, Red Bull, FIA, Singapore, Formula One, Mexican, One, Thomson Locations: Montreal, Canada, Rights SINGAPORE, Austrian, Mexican, Guadalajara, North America, Mexico, South America, London
LONDON, May 18 (Reuters) - McLaren have urged Formula One to change the cost cap rules to help teams promote sustainability without compromising performance. McLaren Racing boss Zak Brown said on Thursday that teams should not have to choose between spending on car performance and sustainability initiatives that were currently included in the cost cap. "We strongly believe in the cost cap and wouldn't want to see anything that undermines its integrity," said the American in a statement as the team published their annual sustainability report. Formula One introduced a cost cap in 2021 to rein in spending and level the playing field between the big teams and smaller outfits. Brown said Formula One needed financial, technical and sporting regulations that enabled teams to innovate and invest in sustainability.
Liberty Media CEO and President Greg Maffei said stakeholders should come together, "strike while the iron is hot" and extend the current agreement that runs through 2025. The deal with Liberty Media, the governing FIA and teams sets out the terms and commercial arrangements under which the teams race. I think Liberty has done a great job with the sport. "The digital age has advanced since we did the last agreement and I think it needs to be discussed. "But I think for the most part it is a solid agreement, it's working so we don't need to fix what is not broken."
Long April break gives F1 time to take stock
  + stars: | 2023-04-03 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
LONDON, April 3 (Reuters) - Formula One teams will welcome more than their drivers the breathing space provided by a long April break in a record 23-race season. "I don't want to have that break, because you know which race was missing from that break," said Alfa Romeo's Guanyu Zhou, the sport's only Chinese driver. "You will use it (the break) just to prepare for the next race in a better way and review the first three races. "For the race team, there's an opportunity to have a little bit of rest because the rest of the season will be tough." The break provides more time also for teams to work on upgrades and add spares after a bruising weekend for some in Australia.
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