Consortium behind purchase of Caterham F1

A Swiss-Middle Eastern consortium is understood to be behind the takeover of Caterham F1, in a deal that will be confirmed in the coming days.

It’s believed that the consortium members, including interests from Dubai, intend to keep a low profile. The deal was brokered by a former F1 insider who will retain a role as an advisor.

As previously revealed here current team principal Cyril Abiteboul is expected to return to Renault’s Viry engine division with the full support of Red Bull. His initial task will be to give the beleaguered organisation some direction as it prepares to upgrade the current engine for 2015.

A new team principal and new technical direction will be installed at Caterham’s Leafield base, and it’s understood that their brief will be to improve the efficiency of the team – and try to ensure that it finishes in the top 10 of this year’s World Championship.

The Caterham name will be retained, as there are no plans to request a change for 2015 and beyond. The team will also continue to use Renault engines.

For more see previous story: (see https://adamcooperf1.com/2014/06/27/new-owners-at-caterham-f1-as-fernandes-prepares-for-exit/).

4 Comments

Filed under F1 News, Grand Prix News

New owners at Caterham F1 as Fernandes prepares for exit

A change of ownership of the Caterham F1 team is expected to be announced in the coming days, as suggested in my recent story on the future of Red Bull and Renault’s Viry engine base.

As part of the changes current team principal Cyril Abiteboul is expected to return to Viry to help bolster Renault’s F1 operation, at the behest of Red Bull. A new management structure will be introduced at Caterham.

Any new owner would have to purchase the Malaysian company that is the ultimate owner of the team.

Tony Fernandes dropped a clear hint about a change of ownership today when in closing his Twitter account he said, “F1 hasn’t worked love Caterham Cars.”

Earlier this year Fernandes told this writer that he was considering a withdrawal from the sport.

“It’s never made commercial sense,” he said. “But I came into the sport thinking the budget was going to be capped at $40m, and it’s never come anywhere close to that. But I’ve built an industrial division around it, which has made it make a little bit more sense.

“We’ll see how it goes this year, but if it doesn’t work, Caterham’s in a good position, and maybe someone else should have a go at doing it.”

It’s believed that the new deal involves only the F1 team, and not the GP2 outfit. The identity of the purchaser is not yet known, but it is not connected to either of the new F1 projects from the USA and Romania.

4 Comments

Filed under F1 News, Grand Prix News

Safety car standing starts confirmed in 2015 F1 rule changes

The FIA World Motor Sport Council has passed a package of changes for 2015. The most controversial is the move to standing starts after safety car periods, although these will not take place close to the start or finish of the race.

The ban on tyre warmers scheduled for 2015 has been abandoned, while there is a cut back on in-season testing, as teams found that the four sessions planned for this year were too expensive and logistically challenging. There will now be two sessions. The full list of changes is as follows:

The last date at which the sporting and technical regulations can be changed without unanimous agreement has been changed from 30 June to 1 March each year, starting from 2015.

Changes to 2015 Sporting Regulations

Power units

The number of engines permitted by each driver in a season will be four. However, if there are more than 20 races in a season, the number will increase to five.

The penalty for a complete change of Power Unit will be starting from the back of the grid, not the pit lane.

Aerodynamic testing

The number of wind tunnel runs will be reduced from 80 hours per week to 65 hours per week.

Wind-on hours are to be reduced from 30 hours per week to 25 hours.

Computational Fluid Dynamics (CFD) usage is to be reduced from 30 Teraflops to 25 Teraflops.

Two periods of tunnel occupancy will be allowed in one day (rather than only one).

Teams will only be able to nominate one wind tunnel in one year.

Testing

There will be three pre-season tests of four days each in Europe in 2015 (currently teams are able to test outside Europe). This will be reduced to two tests of four days in 2016.

There will be two in-season tests of two days each in Europe (instead of the current four). Two of these four days must be reserved for young drivers.

Car specification at an Event

The current restrictions to the parc fermé will now apply from the start of P3 instead of the start of qualifying.

Wheels and tyres

The ban on tyre blankets will be rescinded for 2015. This will be re-discussed if and when the wheel and tyre diameter increases in the future. 

Personnel Curfew

The Friday night curfew will be extended from six to seven hours in 2015 and will increase to eight hours in 2016.

Safety Car restarts

Safety Car restarts will now be a standing start from the grid. Standing starts will not be carried out if the Safety Car is used within two laps of the start (or restart) of a race or if there are less than five laps of the race remaining.

Changes to 2015 Technical Regulations

A number of changes have been made, including:

A number of new regulations for the noses to ensure improved safety and to provide more aesthetically pleasing structures.

A number of new regulations concerning skid blocks to ensure that they are made from a lighter material (titanium) and are better contained.

New regulations to ensure that the brake discs rotate at the same speed as the wheels.

A two-stage wheel fastener retaining system is now compulsory.

12 Comments

Filed under F1 News, Grand Prix News

Horner: Austrian GP’s success due to Mateschitz vision

Last weekend’s Austrain GP proved to be a huge success, and Red Bull Racing’s Christian Horner says his boss Dietrich Matechitz deserves full credit for reviving the event after an 11-year hiatus.

Red Bull bought the former A1 Ring some years ago although it took some time before the track was rebuilt and Bernie Ecclestone agreed to an F1 date.

“I think the return of this race has been fantastic,” said Horner. “This is an event that’s been put on for the fans, so irrespective of out own frustrations in this race I think the weekend as a whole has been fantastic. The weekend has been wall-to-wall action, it’s been an enormous crowd, there’s been a great atmosphere here, and I think you have to really congratulate and applaud Dietrich Mateschitz for the commitment and vision that he’s had in bringing this Grand Prix back to Austria, and the event that’s been put on.

“I think it’s a great example for all the promoters as to what can be done over a Grand Prix weekend. There’s been a real carnival and festival atmosphere here this weekend, there have been all kinds of displays, every five minutes there’s been something different going on. And it’s a fantastic facility as well. Overall the event has been a great success.”

Horner said that other promoters could learn from the experience.

“We’ve had more than 100,000 people here today, and those tickets sold out in about 36 hours. The tickets were also affordable, and it was well planned and well organised. The key thing is having the right promoters involved, and I think Red Bull have demonstrated how an event can be promoted and can be organised. I think they’ve done an unbelievable job. Dietrich is a fan of the sport, and thi event wasn’t for Red Bull Racing, it was for the fans. He deserves credit for having the vision and commitment to invest and put this event on.”

Meanwhile Mercedes boss Toto Wolff said: “We must really take our hat off to what Red Bull has done around Spielberg. This is an amazing race, the infrastructure is amazing, and everybody says that. It is really an honour to be racing at such a race track.”

3 Comments

Filed under F1 News, Grand Prix News

Revamped McLaren has made all the right decisions, says Boullier

McLaren racing director Eric Boullier is adamant that the team has solved its key issues and will be able to build a competitive car for 2015.

“I do have the confidence that we will have a good car from next year,” he said today. “Just because obviously we’ve addressed all the issues internally, and I believe we made all the right decisions. We have seen already in Austria the first benefits of the changes which we have done in the organisation, and I think now we are heading in the right way.”

Boullier said that the partnership with Honda will be a huge boost for the team: “Having a works engine allows you to play, let’s say, with much more set-up possibilities than if you have a customer engine. We can just take this year’s example, if you just compare Mercedes GP and Red Bull Racing, we all know the Red Bull Racing chassis is very good, maybe slightly better than the Mercedes one, but the big difference between both is that Red Bull has a Renault engine, which is not a works engine.”

He says that Honda’s development programme is on schedule.

“This is a big project, and obviously it takes months, even years to build it up, so you work with a clear schedule in place, and obviously some clear objectives to target. So far I think everything is in order and matching the path we have until the next year first race.”

As to whether Jenson Button will still be on board he said: “It’s a question that I cannot say yes and I cannot say no to. We are evaluating or assessing every strategy for the future, and we are lucky to have two drivers who want to commit to us for the future, and we have some options that we can take up, so we are not worried about next year or about, let’s say, the future driver line-up.”

5 Comments

Filed under F1 News, Grand Prix News

Red Bull set to take over Viry and design new engine for 2016?

Rumours to the effect that Renault could be planning to sell its F1 engine department in Viry come at exactly the same time as suggestions from Helmut Marko that Red Bull wants to do its own thing on the power unit front – and it’s not hard to tie the two together.

Sources suggest that rather than attempt to start its own engine operation from scratch there are plans for Red Bull to take control of the Viry operation, although whether that would involve an outright purchase of the facility in the short term is not yet clear.

It’s worth noting that Dr Marko has been spending a lot of time at Viry recently. The suggestion is that Caterham boss Cyril Abiteboul, respected by Red Bull and previously a leading light at Viry as Deputy Managing Director of Renault Sport F1, might return to oversee any restructuring.

With Renault’s agreement Red Bull would introduce its own systems and key personnel in an attempt to improve the current power unit within the homologation rules for 2015. It would then use the Viry facilities to build a new unit to a Red Bull design for use in 2016 and beyond.

If that happens it could transform the future prospects of Red Bull Racing and help the team to hang on to the frustrated Sebastian Vettel.

On Sunday in Austria Christian Horner hinted at a restructuring at Viry: “There needs to be change at Renault, because it can’t continue like this. It’s not good for Renault, it’s not good for Red Bull. We need to work together as partners – there will not be another engine in the back of the car next year. We want to be competitive, we want to run at the front, and these kinds of issues can’t and shouldn’t happen.

“Something needs to happen, because whatever’s being done there is not working at the moment. It’s not our business, it’s not our responsibility, we’re the end user. It’s just frustrating that the product is just not working at the moment.”

As Horner noted, Red Bull is committed to using the current Renault engine next year. While the immediate priority will be to take full advantage of the FIA’s winter update window, the intention is to abandon the currently homologated engine and start afresh using all the knowledge gained by Renault and Red Bull in recent months, and from observations of the route Mercedes has taken.

A brand new power unit – perhaps badged as a Red Bull or Infiniti – could then be homologated for 2016. In theory it would be several steps ahead of what the regulations would allow Renault to update should the company simply continue with the current unit.

This new engine would not be designed by the team that produced the current Renault, but will instead be a product of the new Red Bull technology centre, which will be overseen by Adrian Newey. His old pal and Ilmor founder Mario Ilien is expected be part of the process, and it won’t be hard to draw on ex-Mercedes/Cosworth personnel in the Milton Keynes/Northampton area.

Mercedes and Ferrari clearly won’t be happy at the idea of Renault/Viry having this opportunity to in effect by-pass the homologation rules and enjoy a second chance build a V6 turbo power unit, even if is badged with a different name.

However, the key thing as far as the FIA is concerned is that Red Bull would own the IP of the new engine, and it would not be seen as a second attempt by Renault.

While this would be an expensive exercise, the drinks company is already paying two substantial power unit bills each year for RBR and Toro Rosso, and simply adding those figures together represents a good starting point for the budget required.

In addition sources say that Red Bull (and in particular Dr Marko) has been paying close attention lately to the future of Caterham, which is expected to announce a restructuring in the near future. The team is already a customer for the Red Bull gearbox, and it would be natural for the deal to be extended to cover a power unit package as well, which would provide further income to offset Red Bull’s costs. Caterham would be even more closely allied to Red Bull than it is now, as a ‘friendly’ third team.

With the more influential Lotus now expected to defect to Mercedes (see yesterday’s story) it would be much easier for Red Bull to have control of Viry. However, there could still be a fourth paying customer in the form of the new Romanian team, FRR.

The loss of Renault identity would suit Infiniti, which is keen to distance itself from the Renault name, which does not have the high-end associations it desires. Indeed Infiniti could help Red Bull to ultimately buy Viry or even, in a bit of intra company corporate business, take it over from Renault.

Some of the details are yet to emerge, but sources suggest that the scenario as explained above is a realistic one. Having said that when I asked Horner on Sunday if it was possible for Red Bull to do its own engine, he said: “It’s highly improbable. First of all we need to see what the plans of Renault are. Obviously a team like Red Bull isn’t short of choices, but we want to make sure that we’re competitive for the long term. Obviously designing and manufacturing our own engine currently isn’t part of our plan.”

It could be argued that he didn’t deny that someone else could manufacture it on Red Bull’s behalf. Indeed when I asked Christian if it would be possible under the rules for Viry to build a new engine for Red Bull, badged as something else, he simply smiled and said he believed it was…

18 Comments

Filed under F1 News, Grand Prix News

Could Lotus switch to Mercedes power from 2015?

Lotus could be set to switch from Renault to Mercedes power in 2015, well placed sources have confirmed.

While the two parties have an ongoing contract inevitably there has been some tension between Lotus and Renault this year. Lotus has been late with payments to the French manufacturer over the past couple of seasons, while the reliability and performance problems associated with the power unit have proved frustrating to the team.

Although the Enstone operation has an association with Renault dating back to the Benetton days of 1995, a fresh start with Mercedes would have obvious appeal. It would also go some way to guaranteeing an improvement in form, which would encourage sponsors – including those of Pastor Maldonado – to stay loyal.

Mercedes meanwhile will have the capacity to supply another team following the departure of McLaren to Honda next season. However, Stuttgart will no doubt demand suitable financial guarantees from Lotus, in the form of payment up front. There is also the question of whether the Lotus and Mercedes names are compatible from a marketing point of view.

No one know how good the McLaren-Honda package will be but the prospect of Lotus joining Williams and Force India in the Mercedes camp will not be an encouraging one for the likes of Fernando Alonso and Sebastian Vettel…

6 Comments

Filed under F1 News, Grand Prix News

Mattiacci says he’s ready to address Ferrari’s weaknesses

Ferrari boss Marco Mattiacci says he knows what direction the team needs to take in order to improve its prospects.

Mattiacci, who took over just before China, has spent the past two months finding his way into the job. He gave the assembled team his thoughts before the Austrian GP.

“After Canada it was important to get together and talk and to clear the air and to let them understand there is a clear direction that we want to take,” he explained. “And we have an understanding about which are our weaknesses, and there is a leadership that is working to fill up those weaknesses. In terms of the master plan or the strategic plan, I think the key points I would like to keep for ourselves. I would not give further advantage to our competitors.”

Meanwhile Mattiacci said that Luca di Montezemolo’s recent call for a meeting of interested parties to discuss F1’s future has been well received.

“There are a lot of teams that are aligning themselves to our position, that there is a need to improve the overall appeal of F1, and to have a broader audience for obvious reasons. I think those are the reactions that we wanted. I have attended the F1 Commission meeting and I think that letter, or those words, are having an affect. We have a lot of the teams that are on our same position.”

9 Comments

Filed under F1 News, Grand Prix News

Stolen files offered to media, says Schumacher’s management

Michael Schumacher’s management has confirmed that someone is attempting to sell what are alleged to be medical files relating to the German’s stay in the Grenoble hospital.

It has also been made clear that any use by the media will result in legal action.

A statement read: “For several days stolen documents and data are being offered for sale. The offeror claims them to be the medical file of Michael Schumacher.

“We cannot judge if these documents are authentic. However, the documents are clearly stolen. The theft has been reported. The authorities are involved.

“We expressly advise that both the purchase and the publication of such documents and data is forbidden. The contents of any medical files are totally private and confidential and must not made available to the public.

“We will therefore, in every single case, press for criminal charges and damages against any publication of the content or reference to the medical file.

“We trust for your understanding.”

3 Comments

Filed under F1 News, Grand Prix News

Christian Horner: “There needs to be change at Renault, because it can’t continue like this…”

Christian Horner has made clear his frustration at Renault by insisting that the French manufacturer has to change the way it does things.

His comments came after Sebastian Vettel’s Austrian GP was ruined by an early glitch that put him a lap down.

“It’s frustrating that we are in the situation we are,” said Horner. “We’ve had a lot of success with Renault, we’ve won all the races and all the championships we’ve achieved with Renault power. The situation just isn’t improving at the moment. Reliability is unacceptable, performance is unacceptable.

“There needs to be change at Renault, because it can’t continue like this. It’s not good for Renault, it’s not good for Red Bull. We need to work together as partners – there will not be another engine in the back of the car next year, we want to be competitive, we want to run at the front, and these kinds of issues can’t and shouldn’t happen.

“Something needs to happen, because whatever’s being done there is not working at the moment. It’s not our business, it’s not our responsibility, we’re the end user. It’s just frustrating that the product is just not working at the moment.

“It’s no surprise that there are eight Mercedes cars in the top 10. We haven’t been competitive this weekend, eighth was the optimum that we could achieve, and it’s frustrating that we’re nearing the half way point in the season and the situation hasn’t really improved from Melbourne.”

Asked about suggestions from Helmut Marko that Red Bull could pursue its own engine project he said: “It’s highly improbable. First of all we need to see what the plans of Renault are. Obviously a team like Red Bull isn’t short of choices, but we want to make sure that we’re competitive for the long term. Obviously designing and manufacturing our own engine currently isn’t part of our plan.

“We’re specialists in building chassis. We have no desire to be an engine manufacturer, we want to work with a strong, competitive partner.”

Meanwhile Horner confirmed that Vettel retired from the race in order to preserve his equipment for future use.

“On the first lap by the time he got up to Turn 2, the engine lost all drive. It looks like an electrical issue, there was no throttle response whatsoever. Obviously he lost a lap while there were plenty of re-sets going on and we were trying to establish what the issue was. The engine came back into life, he got going, at which point he was a lap and a half down. We kept going and then after some front wing damage with Gutierrez, following that it didn’t really make sense to go any further.”

5 Comments

Filed under F1 News, Grand Prix News