To say that there's been some instability at the Caterham F1 team lately would be a gross understatement. Caterham owner Tony Fernandes sold the team a couple of months ago, its team principal Cyril Abiteboul left for Renault, and a consortium of investors took over. They named former F1 driver Christijan Albers as team principal, supported by former HRT exec Manfredi Ravetto and advised by veteran strategist Colin Kolles. All the while it's been switching drivers back and forth, briefly replaci
A little over a month ago, rumors surfaced that Tony Fernandes was planning to sell Caterham. The company subsequently refuted the rumors, but now we appear to have the truth: while the automaker responsible for building continuation Lotus Seven street cars isn't going anywhere, the Formula One team is.
American fans of Formula One racing have been eagerly anticipating the return of an American team to what is largely regarded to be the pinnacle of motor racing. But it's been a long, long time. The last time we saw an American team on the grid was in the 1970s when teams like Penkse, Parnelli and Shadow competed. The USF1 project never got off the ground, but good news arrived when NASCAR team owner Gene Haas was granted a license from the FIA to start a new F1 entry.
Back in December we received word that the FIA was preparing to open up the application process for a new team to join Formula One. A month later we heard that Gene Haas, founder of NASCAR team Stewart-Haas Racing, was throwing his proverbial hat in the ring. Now the word on the street circuit is that, not only is Haas the front-runner, but F1 organizers could allow a second new team in as well.
When you're starting up a new venture – really any new venture, but especially a new F1 team – what you really need is some experience on your side. And if you don't have it, you hire it, and you stick with it until you've gotten where you need to go. Someone has apparently forgotten to tell that to the people at HRT.
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