Worries over Maldonado's F1 seat causing Lotus money troubles by John S
[Today at 10:24:37 AM]
Bernie pays wages to keep F1 Lotus/Renault takeover alive by John S
[Today at 09:55:58 AM]
Renault Back? by Alianora La Canta
[Today at 04:29:59 AM]
Mercedes offers F1 alternate solution to closed cockpits by Alianora La Canta
[Today at 04:28:10 AM]
What's wrong with F1 in a nutshell by Alianora La Canta
[Today at 04:26:19 AM]
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Today at 10:24:37 AM by John S
Views: 16 | Comments: 0
Pastor's $50m pro-forma unpaid until drive guaranteed.
He may wreck a lot of parts but boy the whole Lotus crew is sure reliant on his backers, according to Autosport.com. Hell Renault are rumoured to be paying only twice Pastor's sponsorship for the whole Enstone team. Might be cheaper for PDVSA to buy the whole lot if they want Pastor in for a few more years.
The Lotus Formula 1 team's current financial crisis stems from it being unable to invoice key sponsor PDVSA due to ongoing negotiations with Renault, AUTOSPORT has learned.
Lotus is currently sitting on a $50million (£32.5m) invoice to PDVSA, Venezuela's state-owned oil and gas giant, for the services of Pastor Maldonado.
PDVSA pays the money in advance in late July/early August ahead of Maldonado's drive the following year.
But despite the fact the 30-year-old has a contract for 2016, the Renault takeover means his future is uncertain at this stage, and so the invoice has been put on hold.
Without the money from PDVSA for Maldonado, Lotus has been unable to pay its bills or invest in the development of the car, which still scored a superb third at Spa with Romain Grosjean at the wheel.
Renault is evaluating its driver options and is first looking to speak to PDVSA and Total, Grosjean's primary backer, before committing to either man.
It is believed Grosjean will ultimately be retained, while it is likely Renault will honour Maldonado's deal for 2016, with an option for '17.
Renault has aided Lotus's cause in part by opting not to take money owed to it by the team following the termination last year of the engine supply deal.
With Renault appreciating the fact its stance on Maldonado has placed Lotus in an awkward financial position until the completion of the takeover, the penalty payments have been suspended.
Lotus has also confirmed that its trucks have departed for this weekend's Italian Grand Prix as scheduled.
Extracts from longer piece By Ian Parkes, courtesy Autosport.com, Mon 1st Sept.
September 01, 2015, 09:39:21 PM by John S
Views: 95 | Comments: 2
Ecclestone allegedly paid Lotus' 400 staff August wages.
So will Lotus make the grid in Monza? ......well I hope for us the fans sake - oh and Bernie- the answers yes.
The news, revealed by Britain's Times newspaper, comes after the Enstone team's equipment - including the black and gold cars - were prevented from leaving Spa-Francorchamps by court bailiffs after the recent Belgian grand prix.
Correspondent Kevin Eason says the risk Lotus may not be able to race at Monza this weekend remains.
"Everything is under control," said a team spokesman, as it emerged that Lotus staff are in fact making their way to the scene of the Italian grand prix near Milan.
It is also reported that the team is now imminently close to being bought by Renault, the French carmaker that is set to change direction in F1 following a tumultuous couple of seasons with current partner Red Bull.
But before that, there was the issue of unpaid staff wages, and Ecclestone is also thought to have intervened over the Charles Pic situation.
"I thought I should cover the wages of the people there to make sure they were all right and so that Lotus would at least get to Spa and, hopefully, to Italy," the F1 chief executive said.
"But they really need to make progress with Renault now to make sure everything is ok," Ecclestone told the Times.
September 01, 2015, 07:36:59 PM by Wizzo
Views: 66 | Comments: 4
A man is walking home alone late one foggy night... when behind him he hears: Bump... BUMP... BUMP... Walking faster, he looks back and through the fog he makes out the image of an upright casket banging its way down the middle of the street toward him. BUMP... BUMP... BUMP... Terrified, the man begins to run toward his home, the casket bouncing quickly behind him FASTER... FASTER... BUMP... BUMP... BUMP... He runs up to his door, fumbles with his keys, opens the door, rushes in, slams and locks the door behind him. However, the casket crashes through his door, with the lid of the casket clapping clappity-BUMP... clappity-BUMP... clappity-BUMP... on his heels, the terrified man runs. Rushing upstairs to the bathroom, the man locks himself in. His heart is pounding; his head is reeling; his breath is coming in sobbing gasps. With a loud CRASH the casket breaks down the door. Bumping and clapping toward him. The man screams and reaches for something, anything, but all he can find is a bottle of cough syrup! Desperate, he throws the cough syrup at the casket... and,
(hopefully you're ready for this!!!)
The coffin stops!
I thank you. Wiz
August 28, 2015, 11:57:51 PM by lkjohnson1950
Views: 119 | Comments: 4
For an early family Christmas present,
a father buys a lie detector robot that slaps people when they lie.
He tests it at dinner. The father asks his son what he did that afternoon.
The son says, "I did some school work."
The robot slaps the son. The son says, "Ok, Ok.
I was at a friend's house watching movies."
Dad asks, "What movie did you watch?" Son says, "Toy Story."
The robot slaps the son. The son says, "Ok, Ok, we were watching porn."
Dad says, "What? At your age I didn't even know what porn was.
" The robot slaps the father.
Mom laughs and says, "Well, he certainly is your son.
" The robot slaps the mother.
Robot for sale
August 28, 2015, 06:45:18 PM by DH1.F1
Views: 127 | Comments: 5
Renault almost fully back in F1, hope they make a good job of it and keep.it clean
August 28, 2015, 08:27:03 AM by Wizzo
Views: 137 | Comments: 7
Have a look before Ebay remove it.
Just look at the bids!!!
August 27, 2015, 01:28:10 PM by cosworth151
Views: 178 | Comments: 3
Freddie Hunt raced in the Maserati Trofeo World Series at Virginia International Raceway last week-end. He ran very well in quali but had problems in both races. I look for him to move up to the Pirelli World Challenge very soon.
Check out the pix below. See any resemblance?
August 26, 2015, 04:21:03 PM by John S
Views: 363 | Comments: 17
Enclosure debate back on after Justin Wilson's death.
Getting out of the car in a fire situation still troubles most efforts at fully enclosed cockpits, but could Merc's design offer much better protection from flying objects without restricting escape?
I personally hate the idea of closed cockpits, however all safety measures are a trade off and motorsport is inherently a very dangerous sport - doing nothing to offer better driver protection may no longer be an option for the rule makers.