Latest Michael Schumacher Recovery and Condition Update revealed that Formula One racer’s healing process is slow. Meanwhile, Sebastian Vettel pays tribute to the legend.
Tags: FORMULA ONE
Formula One Teams Burn up $300 Million of Debt, 64.2% from Lotus
The ten teams in Formula One auto racing are under a total debt of $318.2 million, and 64.2% of that belongs to Lotus. Lotus belongs to Genii Capital, a private equity firm founded by Skype investor Gerard Lopez. Creditors have been going after Lotus for the last several months. Its cars were almost impounded during the Belgian Grand Prix last weekend after former reserve driver Charles Pic filed a legal dispute.
CVC say they are under no pressure to sell F1
Formula One's commercial rights holders CVC Capital Partners are under no pressure to sell their controlling stake in the sport and want to keep it, co-chairman Donald Mackenzie told Reuters on Saturday.
Michael Schumacher injuries stop recovery? Formula One supremo Bernie Ecclestone refrains visiting Schumacher
In a recent inteview with F1 Racing, Formula One Group Chief Executive Bernie Ecclestone shares his thoughts on the recovering legend Michael Schumacher.
‘Michael Schumacher’ full recovery is only possible with miracle? Wife readies herself to racer’s fate
Michael Schumacher's Full recovery might be possible only with miracle. Wife readies herself to racer’s fate.
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Rumored to release by June 2015, F1 2015 debuts its PS4, Xbox One, and PC-platformed racing along with its much improved visual appearance. However, fans seemed to observe neglect from game developers by not including options in the gameplay.
Thousands of fans turned out on Saturday for the first Formula E electric car race in the United States, with organizers saying the event along downtown Miami's bayfront would help boost more energy efficient mainstream automobile technology.
Michael Schumancher, the F1 Champion has finally awaken after having been comatose for many months. The man of strenght is slowly recovering which brings hope and joy to his family and friends.
Fiat Chrysler Automobiles (FCA) (FCAU.N) said on Wednesday it will spin off its luxury sports car maker Ferrari and list the shares as part of a bigger scheme which includes a $2.5 billion convertible bond issue to help fund its ambitious business plan.
Singapore will be counting on its marquee Formula One race to help make up for a 30 percent drop in Chinese tourists this year.
Formula One needs a strong leader and Bernie Ecclestone's $100 million court settlement to end a bribery trial in Germany is positive for the sport's future, Mercedes motorsport head Toto Wolff said on Saturday.
Michael Schumacher is on the slow road to recovery, but with doctors saying he might not regain full use of his legs, wife Corina has gone ahead to put his private jet up for sale. Meanwhile, his Ferrari race car is up for auction. Also, the thief who allegedly stole his medical records committed suicide.
The Malaysian Grand Prix qualifiers would start on Saturday, the second round for the Formula One season for 2014.
The Formula One Group and the FIA signed the framework for the 2013 Concorde Agreement. The Formula One Group and its governing body, the FIA, signed the new framework for the 2013 Concorde Agreement.
