Archive

Posts Tagged ‘Formula One’

Oct
29

The current financial meltdown has been tough for practically every niche of the economy, but car companies have been particularly slammed. Renault is the latest company in the news and questions are being raised about its Formula One effort.

Renault is a French car company that is the equivalent of GM in the United States. Unfortunately, its current economic condition is about the same as well. The company just reported over a billion dollars in losses for the last half of 2008. Renault’s market is much smaller than most car companies, so these are devastating numbers.

Things are so bad for Renault and other French car companies that the French government has had to step in to help. It is providing the company a 3 billion Euro loan. It is also providing the financing arm of Renault with another billion to try to make ends meet while the current contraction takes place.

Given the current financial situation for Renault, rumors abound regarding whether the company will continue to fund its Formula One team. Renault has always been a bit ambivalent about its investment. One needs only look back to when Fernando Alonso left the team for McLaren Mercedes. The primary reason was it was unclear how committed Renault was to continuing the team. With money tight, a pull out may be inevitable.

Will we see Renault continue to field a team in Formula One? The clear answer is yes for the start of the 2009 season. If the economic hurricane sweeping the globe does not stop, it is hard to see the company continuing the team through the full season. If nothing else, taking billion dollar loans from the government is going to make it difficult to do so with taxpayers not particularly interested in going racing!

Renault is not the only team facing financial issues. Even with the cutbacks in budgets, it is important to realize many of the teams are like ducks. They look calm above the water line, but their feet are thrashing about below it. Mercedes and BMW are heavily reliant upon the US market for revenues.. If sales nose dive [and they are], one could see those teams in trouble. Toyota certainly has to be looking at its team. Has any company spent so much money for so few results?

The 2009 Formula One season is shaping up to be incredibly interesting. How will the new cars perform? Who will win the championships? Who will be left standing at the end of the season – literally.

Lemmy Gibson

, , , , , , , , , , , , , , , , , , ,

Aug
04

In 2005, Formula One saw Ferrari fade out of sight, as the works Renault team dominated the early part of the season, and Fernando Alonso forged a clear championship lead. In the latter part of the season McLaren were significantly the stronger team, with consistently better results and a win tally of 6 from 7 races. However their early record of poor reliability had meant that catching Renault in either Drivers’ or Constructors’ Championships was a tall order.

For a while it looked close between Räikkönen and Alonso, but by Brazil Fernando Alonso had become Formula One’s youngest ever champion. The Constructors’ Championship looked even more likely for McLaren, widely regarded as the faster car and with reliability much improved.

However a retirement for Juan-Pablo Montoya in the season finale at Shanghai secured the Constructors’ title for Renault. One statistic proved the two teams’ dominance: they together won all but one of the races, the controversial US Grand Prix, (in which neither of the two teams participated) which was Schumacher and Ferrari’s only win of the year.

Arguably, the final small specialist racing team disappeared with the September 2005 purchase of Minardi by Red Bull to be renamed as Scuderia Toro Rosso and run as a separate entity alongside Red Bull Racing. Jordan had been bought by Russo-Canadian steel company Midland early in 2005 and was renamed Midland F1 for the 2006 season. In June 2005, BMW bought a majority stake in Sauber, which became their factory entry. The Williams team ceased their partnership with BMW as a result, entering a commercial arrangement with Cosworth instead.

From 2006 manufacturer teams have an unprecedented level of involvement in the sport. Honda also bought BAR. 2006 was the last season with two tyre manufacturers: The two manufacturers at the time were Japanese manufacturer Bridgestone and French company Michelin. In December 2005, the FIA announced that from the 2008 season, there would be only one tyre supplier. Five days later, Michelin announced it would quit Formula One at the end of the 2006 season as it did not want to be in Formula One as the sole tyre supplier, leaving Bridgestone as the sole supplier from 2007.

Renault and Fernando Alonso established early leads in both the Constructors’ and Drivers’ Championships. The Spanish World Champion achieved six wins (including four consecutive victories) in Bahrain, Australia, Spain, Monaco, Britain, and Canada. Teammate Giancarlo Fisichella won his third career race in Malaysia. Schumacher won the United States Grand Prix (his fourth consecutive victory at Indianapolis and fifth career victory there) and the French Grand Prix. He also won the German Grand Prix at Hockenheim, with Alonso finishing 5th.

Jenson Button achieved his first Formula One career victory in the Hungarian Grand Prix. Alonso had a mechanical failure whilst leading in the later stages of the race whilst Michael Schumacher retired after a collision with Nick Heidfeld. However Schumacher was promoted to 8th place in the standings (having been classified 9th following a retirement three laps from the end) because of Robert Kubica’s disqualification in his first race. The Polish driver had finished 7th in the BMW Sauber.

Felipe Massa won the next Grand Prix in Turkey, so for the second race in a row, Formula One had a debut winner. Fernando Alonso extended his lead over Michael Schumacher by two points after he managed to finish a tenth of a second ahead of the German in second place.

Schumacher managed to reduce Alonso’s lead to only two points after winning the Italian Grand Prix, while Alonso suffered an engine failure in the late stages of the race. Despite a fourth-place finish for Alonso’s teammate, Giancarlo Fisichella, and a flat-spotted tyre causing Felipe Massa to score no points, the race also saw Ferrari pull ahead of Renault for the first time in 2006. Polish driver Robert Kubica took his BMW Sauber to his first ever podium finish, in only his third race, but the race results were largely overshadowed by Schumacher announcing, during the post-race press conference, that he would retire at the end of the season. Afterwards he did say that he would hold a position in the Ferrari F1 team for 2007, though he did not disclose what.

Three weeks later, with his victory at Shanghai right ahead of Alonso, Schumacher drew level on points with him him at the head of the championship. Schumacher officially lead the World Championship for the first time in 2006 after the race, as he had won 7 races compared to Alonso’s 6. Massa did not finish the race, and Renault gained again the lead in the constructors’ championship thanks to Fisichella’s third place.

A week later at the Japanese Grand Prix, Felipe Massa took pole ahead of Michael Schumacher in second and Fernando Alonso in fifth. Schumacher quickly took the lead and set about gaining a five second lead, which continued until after the second round of pit stops. However, Schumacher’s engine failed with 17 laps to go, forcing him to retire and handing Alonso the win ahead of Massa.

At the final round, the Brazilian Grand Prix, Massa again took pole. Drama in qualifying saw Michael Schumacher have a fuel pressure problem[24], meaning that he started down in 10th, while Alonso began in 5th. In the race, Schumacher had yet more bad luck, suffering a puncture just a few laps in. He recovered to finish fourth, while teammate Massa became the first Brazilian to win his home Grand Prix since Ayrton Senna, in 1993, and Alonso finished second to secure his second successive championship, adding the record of the youngest man to secure back-to-back titles to his ever-increasing list of records. Fisichella finished 6th for Renault, meaning that the French outfit secured their second successive title.

, , , , , , , , , , , , , , , , , , ,

Jun
10

The two-times Formula 1 World Champion, the Spaniard Fernando Alonso and the Brazilian Nelsinho Piquet will be the two official Renault drivers for the 2008 season; replacing the Italian Giancarlo Fisichella and the Finnish Heikki Kovalainen; this has already been announced to the AFP in Spain. Renault’s spokesman did not refer to the contracts duration or gave any details that could compromise them.

In an interview with the French motor-racing official web page, Alonso stated ”I’m very happy by signing with Renault. Everyone knows is a great team and what they have achieved in the Formula One. In the 2005 and 2006 seasons the team won the world championship and I would like to be part of that success”.

For a long time now, it has been announced on the Spaniard’s web page his return to Renault assuring his comeback ”to his origins”.

Alonso affirmed Renault is a team ”that knows what it takes to win.” He also stated that ”the decision to elect a team did not take more than one week; my people as well as myself know what we wanted”.

A few weeks ago, Alonso, 26-year-old abandoned the McLaren-Mercedes team after one season marked by the constant troubles with the head leaders, besides the Ferrari’s espionage case and the worst of all the very obvious rivalry with his team-mate, the British Lewis Hamilton.

Alonso, a two-time world champion (2005 and 2006) returns to the team with which he lived his Formula One best seasons. He makes his final decision once the FIA decided not to sanction Renault due to a non-clear espionage case involving the McLaren team.

Alonso did not give an extend declaration about the issue in question. “I am one of the 22 privileged ones that can drive a single-seater each year and I’m still even more fortunate to be able to abandon a great team and enter another one. Many drivers have never been able to run in the highest category”.

Alonso will drive next to Nelsinho Piquet, son of the three-time World Champion Nélson Piquet (1981, 1983, 1987), who was Renault’s tester pilot last season. Renault’s test driver position will be occupied by the French driver Romain Grosjean, Formula 3 Euroseries 2007 Champion.

Piquet made a written statement on his web page ”A fantastic opportunity to debut in Formula 1 was offered to me by one of the best motor-racing teams as well as next to one of the best drivers. It is something for which I have worked a lot and I’m proud that my hard work has been noticed allowing me to achieve this position”.

Next January 31st; Renault will officially present the R28 single-seater in Paris with which will run for the 2008 F1 Championship season.

, , , , , , , , , , , , , , , , , , ,