Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Report: USF1 shuts doors, apparently for good]]>http://www.autoblog.com/2010/04/02/report-usf1-shuts-doors-apparently-for-good/http://www.autoblog.com/2010/04/02/report-usf1-shuts-doors-apparently-for-good/http://www.autoblog.com/2010/04/02/report-usf1-shuts-doors-apparently-for-good/#commentsFiled under: , , , ,



USF1 has officially shuttered operations in Charlotte, NC. That's according to the Charlotte Business Journal, which notes that Ken Anderson, president of the team, sent employees an email yesterday pointing to financial woes as the straw that broke the doomed camel's back. Anderson's pet racing project was supposed to jump into the Formula One fray at the Bahain Grand Prix on March 14, but couldn't quite get its act together in time. Rumors of a shut down have been dogging the USF1 team nearly as long as it's been around, and this time, it looks like the naysayers were right.

Even worse, a handful of former USF1 employees have filed complaints with the North Carolina Department of Labor over missing paychecks. While Anderson's email said that employees could be called back at some point in the future, it looks like it's lights out for good from here.

[Source: Charlotte Business Journal]

Report: USF1 shuts doors, apparently for good originally appeared on Autoblog on Fri, 02 Apr 2010 10:31:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2010 F12010 Formula One2010F12010FormulaOnebreakingbreaking newsBreakingNewsCharlotteF1Fomula 1Fomula1Formula OneFormulaOneKen AndersonKenAndersonUS Formula 1USF1USF1 CharlotteUSF1 Formula 1Usf1CharlotteUsf1Formula1UsFormula1Fri, 02 Apr 2010 10:31:00 EST http://www.autoblog.com/feed/19423654/article-comments.xml http://www.autoblog.com/feed/2010/04/02/report-usf1-shuts-doors-apparently-for-good/19423654/article-detail.xml 19423654 http://www.blogcdn.com/www.autoblog.com/media/2010/04/usf1-630_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2010/04/usf1-630.jpg <![CDATA[McLaren-Ferrari spy scandal draws to an end]]>http://www.autoblog.com/2009/02/24/mclaren-ferrari-spy-scandal-draws-to-an-end/http://www.autoblog.com/2009/02/24/mclaren-ferrari-spy-scandal-draws-to-an-end/http://www.autoblog.com/2009/02/24/mclaren-ferrari-spy-scandal-draws-to-an-end/#commentsFiled under: , ,

The two-year-old Stepneygate saga - long and complex enough to rival any of the Icelandic sagas - is finally over. A court in Modena, Italy has smacked four McLaren employees with six-figure fines: senior engineers Rod Taylor, Jonathan Neale, and Paddy Lowe are on the hook for €150,000 each (around $190,000 USD); chief designer Mike Coughlan got hit with a €180,000 fine (nearly $230,000).

The only thing left to decide: Who is actually going to pay the bill. Reports indicate that McLaren will pay the senior engineers' bill, but Coughlan could be on his own. As for the eponymous instigator of the entire affair, former Ferrari engineer Nigel Stepney (pictured) is still being sought by Italian prosecutors for industrial espionage and for team sabotage at the 2007 Monaco Grand Prix.

[Source: Associated Press (via Google)]

McLaren-Ferrari spy scandal draws to an end originally appeared on Autoblog on Tue, 24 Feb 2009 10:27:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>espionagef1ferrarifiafomula 1Fomula1formula oneFormulaOnemclarenmike coughlanMikeCoughlannigel stepneyNigelStepneystepneygateTue, 24 Feb 2009 10:27:00 EST http://www.autoblog.com/feed/1469557/article-comments.xml http://www.autoblog.com/feed/2009/02/24/mclaren-ferrari-spy-scandal-draws-to-an-end/1469557/article-detail.xml 1469557 http://www.blogcdn.com/www.autoblog.com/media/2009/02/stepneygate_done2-3_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2009/02/stepneygate_done2-3.jpg <![CDATA[Spyker F1 team sold]]>http://www.autoblog.com/2007/09/03/spyker-f1-team-sold/http://www.autoblog.com/2007/09/03/spyker-f1-team-sold/http://www.autoblog.com/2007/09/03/spyker-f1-team-sold/#commentsFiled under:

Spyker's well-publicized tumult continues on its way to some sort of conclusion with news that the F1 team has been sold. The buying consortium includes Michiel Mol, until recently the head of Spyker Cars, his son Jan Mol, and Indian billionaire Vijay Mallya. The F1 team has always operated under financial terms independent of Spyker Cars, and this move should further assure the continuation of the team no matter what happens to the car company.

The Mols' interest is obvious. Mallya, though, is most interested in raising India's profile in Formula 1. He already sponsors the Toyota team through his Kingfisher Airlines, which will continue, but bought into Spyker in a personal capacity. He will probably move to get Narain Karthikeyan, currently a test driver for Williams, into a seat at the new team. Pending the completion of due diligence in 30 days, Etihad Aldar Spyker F1 will change to Orange India.

[Source: F1-Live]

Spyker F1 team sold originally appeared on Autoblog on Mon, 03 Sep 2007 09:04:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>f1fomula 1Fomula1spykerMon, 03 Sep 2007 09:04:00 EST http://www.autoblog.com/feed/979542/article-comments.xml http://www.autoblog.com/feed/2007/09/03/spyker-f1-team-sold/979542/article-detail.xml 979542 http://www.blogcdn.com/www.autoblog.com/media/2007/09/spyker_sold_orange_india_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2007/09/spyker_sold_orange_india.jpg -1 2