One more team could follow Honda exit: more bad news
#1
One more team could follow Honda exit: more bad news
As the shock news of Honda's Formula One departure sinks in, fears that another team could drop off the 2009 grid are rising.
It was thought Japanese rival Toyota could be the most likely to follow the auto making giant out of the paddock, amid an even worse slump in car sales figures in the key US market.
But it is Red Bull, the Austrian energy drinks company, and owner of two teams, that has issued the most worrying statement, declaring it is "not surprised" by Honda's decision.
"Numerous other race teams are having similar thoughts," the Austrian group is quoted as saying by AFP. "The main issue now is whether the reductions in costs all of us must make will come quickly enough to guarantee a sufficient number of teams carrying on."
Even the sport's major players, like 2008 drivers' World Champions McLaren, are feeling the pinch, with team boss Ron Dennis telling The Observer that annual turnover is likely to drop nearly $150m because of the downturn.
"Our budgets come from the advertising budgets of the companies that support us, and inevitably advertising budgets get slashed or, at least are significantly trimmed in times of economic strife," he said.
Ferrari and McLaren's ongoing participation is solid, and Toyota has confirmed its commitment, but all the signs suggest that one more team could go missing ahead of next March's Australian Grand Prix.
Williams' chief executive Adam Parr told The Times that he expects eight teams to line up on the Melbourne grid, down from the current nine following Honda's pullout.
Similarly, Gerhard Berger, the recently departed Toro Rosso co-owner, told Germany's Der Spiegel that "the only question is 'who is next?'"
Asked by the Press Association if he can imagine another team following Honda out the door, FIA President Max Mosley answered "yes."
D.B. © CAPSIS International
Source: GMM[www.f1-live.com]
It was thought Japanese rival Toyota could be the most likely to follow the auto making giant out of the paddock, amid an even worse slump in car sales figures in the key US market.
But it is Red Bull, the Austrian energy drinks company, and owner of two teams, that has issued the most worrying statement, declaring it is "not surprised" by Honda's decision.
"Numerous other race teams are having similar thoughts," the Austrian group is quoted as saying by AFP. "The main issue now is whether the reductions in costs all of us must make will come quickly enough to guarantee a sufficient number of teams carrying on."
Even the sport's major players, like 2008 drivers' World Champions McLaren, are feeling the pinch, with team boss Ron Dennis telling The Observer that annual turnover is likely to drop nearly $150m because of the downturn.
"Our budgets come from the advertising budgets of the companies that support us, and inevitably advertising budgets get slashed or, at least are significantly trimmed in times of economic strife," he said.
Ferrari and McLaren's ongoing participation is solid, and Toyota has confirmed its commitment, but all the signs suggest that one more team could go missing ahead of next March's Australian Grand Prix.
Williams' chief executive Adam Parr told The Times that he expects eight teams to line up on the Melbourne grid, down from the current nine following Honda's pullout.
Similarly, Gerhard Berger, the recently departed Toro Rosso co-owner, told Germany's Der Spiegel that "the only question is 'who is next?'"
Asked by the Press Association if he can imagine another team following Honda out the door, FIA President Max Mosley answered "yes."
D.B. © CAPSIS International
Source: GMM[www.f1-live.com]
#2
I'd hate to see either of the Red Bull teams pull out because a) I'm a huge fan of Mark Weber and Sebastian Vettel, and b) Poor Jensen Button just can't catch a break.
If Williams went down the same path as Honda, I wouldn't be all that surprised but they have such a long and storied history in F1, it'd be a shame to see them go. I am surprised Force India hasn't dropped out already though.
If Williams went down the same path as Honda, I wouldn't be all that surprised but they have such a long and storied history in F1, it'd be a shame to see them go. I am surprised Force India hasn't dropped out already though.
#3
I'd hate to see either of the Red Bull teams pull out because a) I'm a huge fan of Mark Weber and Sebastian Vettel, and b) Poor Jensen Button just can't catch a break.
If Williams went down the same path as Honda, I wouldn't be all that surprised but they have such a long and storied history in F1, it'd be a shame to see them go. I am surprised Force India hasn't dropped out already though.
If Williams went down the same path as Honda, I wouldn't be all that surprised but they have such a long and storied history in F1, it'd be a shame to see them go. I am surprised Force India hasn't dropped out already though.
Thread
Thread Starter
Forum
Replies
Last Post
Barrister
Pit-Stop
11
02-07-2010 11:05 PM
Bookmarks
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)