Archive for 2012/11/12
The owners of the HRT Formula One team hope to sell the Spain-based outfit to new investors in the coming weeks. HRT’s current owners, the investment group Thesan Capital, revealed they are looking to relinquish control just 16 months after buying the majority stake in the team from Jose Ramon Carabante.
HRT are likely to change hands in the next few weeks, according to owners Thesan Capital, who confirmed on Monday that they in talks with several parties interested in purchasing the Spanish team. HRT Formula 1 Team’s current management hopes to conclude the sale in the upcoming weeks and, with it, enable the team to continue progressing
McLaren is putting itself at the heart of the FIA’s new adventure into electric vehicle motorsport via a deal for its McLaren Electronic Systems division to supply electric engines, transmissions and electronics to the new Formula E series, starting in 2014. The company, which has the contracts to supply the standard Electronic Control Units to all F1 and NASCAR teams, is joining forces with Cedric Vasseur, the man behind ART Grand Prix, with whom McLaren placed Lewis Hamilton for his successful Euro F3 and GP2 apprenticeship.
• PROFITABILITY GROWS BECAUSE OF SOLID PREMIUM PERFORMANCE, STABLE PRICING POLICY, EFFICIENCIES DUE TO CAPACITY EXPANSION IN RAPIDLY DEVELOPING ECONOMIES AND GREATER REDUCTION OF FIXED COSTS • FURTHER ACCELERATION IN THE REDUCTION OF NON-PREMIUM TYRE PRODUCTION IN FAVOUR OF HIGH AND ULTRA-HIGH PERFORMANCE ONES • INVESTMENT IN FIRST NINE MONTHS OF 2012 OVER 320 MILLION EURO TO INCREASE PREMIUM CAPACITY IN RAPIDLY DEVELOPING COUNTRIES PIRELLI & C. SPA • EBIT: +31% TO 592.8 MILLION EURO (451.2 MILLION ON 30 SEPTEMBER 2011) • EBIT MARGIN GROWS TO 13.0% FROM 10.6% ON 30 SEPTEMBER 2011 • NET PROFIT: +22.7% AT 308.3 MILLION EURO (251.3 MILLION ON 30 SEPTEMBER 2011) • REVENUES: +7.2% AT 4,574.1 MILLION EURO (4,265.8 MILLION ON 30 SEPTEMBER 2011) • PREMIUM SEGMENT CONTINUES TO GROW: REVENUES +23.5% AT 1,612.3 MILLION EURO ON 30 SEPTEMBER 2012 AND VOLUME INCREASE +13.5% • NET FINANCIAL POSITION NEGATIVE 1,868.8 MILLION EURO (1,702.7 MILLION ON 30 JUNE 2012) TYRE ACTIVITIES • EBIT: +26.4% AT 612.3 MILLION EURO (484.4 MILLION EURO ON 30 SEPTEMBER 2011) • EBIT MARGIN GROWS TO 13.5% FROM 11.5% ON 30 SEPTEMBER 2011 • CONSUMER BUSINESS EBIT MARGIN AT 14.5% (12.5% ON 30 SEPTEMBER 2011) • INDUSTRIAL BUSINESS EBIT MARGIN AT 10.5% (9.1% ON 30 SEPTEMBER 2011) • REVENUES: +7.5% AT 4,542.9 MILLION EURO (4,225.7 MILLION ON 30 SEPTEMBER 2011) 2012 TARGETS • EVEN WITH AN ACCELERATED REDUCTION OF NON-PREMIUM PRODUCTION, EBIT OF APPROX.
Sahara Force India F1 boss Vijay Mallya has said he is in ‘no rush’ to confirm the teams’ driver line-up for F1 2013
Bankers and Formula 1 are not a natural fit. The sport is much more suited to buccaneers and cowboys and the cautious banking types who wander into the F1 arena generally end up leaving without their shirts and often without their trousers as well. F1 is simply not a business where corporate thinking works.
Die Formel 1 kehrt am kommenden Wochenende erstmals seit 2007 in die USA zurück. Die Inside Grand Prix News werfen einen Blick auf das Rennen in Texas.
The city of Rio de Janeiro has been busy of late, rebuilding its infrastructure and trying to brush up its image It is still one of the richest cities in Brazil, but an estimated 20 percent of the population still live in shanty towns. Crime rates in the city have been high and this has
Paul di Resta möchte seine Punkteausbeute aus Abu Dhabi beim ersten Auftritt in Austin wiederholen oder am besten sogar steigern.