Posts Tagged ‘formula 1

Thursday, March 18, 2010

Branson adds fuel to Honda F1 buy-out

Is there anything in this world that billionaire Richard Branson isn’t interested in?
The British tycoon already has over 360 ventures under the control his Virgin Group, and he may soon add another.
According to an unnamed spokesperson for Honda, Branson is in discussions, along with other unknown interested parties, to purchase the erstwhile Formula 1 team [...]

Friday at Monte Carlo, held a meeting of the Board of the FIA, where they established a series of drastic measures which will affect the show in Formula 1.
It is hoped that these measures will reduce costs between 30% -50%, but they are shocking to the public.
From the 2010 season, FIA officials will be in [...]