F1 Today 5/2/2015

F1 Today

Hopes ended for Caterham

Caterham’s hopes of returning have apparently ended after the administrators put the teams remaining assets up for sale. The team went into administration last year and have failed to find a buyer

Administrator Finbarr O’Connell told BBC Radio Oxford several auctions, including of the 2014 F1 race cars, will be held in March, April and May. He also confirmed discussions have been held with two parties over a sale.

Any buyer is still welcome says O’Connell as long as a sale can be agreed by the 11 March. He added I’ve had meetings with two parties today. They’re not advanced enough for my liking. But the next person believes they’re going to convince me they’ve got the wherewithal to buy the team.”

He said it is “incredibly short” for Caterham to make the starting grid for the Australian Grand Prix in March.

 

Force India unlikely to run in Barcelona

Force India has said they are unlikely to make the next pre-season test in Barcelona which begins in two weeks’ time. In a statement the team said “Although everybody is working towards getting the VJM08 to the next test session in Barcelona, it’s more likely the new car will appear at the final Barcelona test.”

Force India were going to run their 2014 car in the test earlier this week then made a late call to skip the test because ‘learning opportunities would have been limited’.

 

Haas rules out testing in 2015

The magazine Autosport says it has learned that Former Red Bull and Jaguar chief designer Rob Taylor is to head up the design of Haas’s new Formula 1 car. The car will be built by the Italian racing car maker Dallara, with Haas has appointing Taylor as its chief designer to oversee the project.

The team has ruled out building a interim car for limited testing this year saying it has not much opportunities for them to learn. Team principal Gunther Steiner said: “We don’t want to make a car [for testing this year]. If you make a car for a few months’ time, then by next year it will be old. We want to keep on developing. And all of the parts we will be getting from Ferrari, we will not have them before next year.”

 

How much did Mercedes spend?

A report by Auto Motor und Sport says that Mercedes budged was €250 million for both the 2013 and 2014. The third of the budget was prise money the team won last season.

Most of the remaining funds came from the teams share of FOM’s revenue and from investors with Malaysian oil giant Pedronas paying another €30 million per season as title sponsor (as of 2009 when it signed on), and untold millions more coming in from other partners.

Jack

Jack is responsible for the day-to-day running of Formula One Vault. He brings you all the brilliant content. Has an obsession with all things Formula One and anything with an engine.

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