Every party in Formula One is neatly compartmentalized into groups. The rule-makers have the FIA. The bean-counters have Formula One Management. The drivers have the Grand Prix Drivers' Association. And the constructors have the Formula One Teams Association. Each party serves as an organizing body for the members it represents, and in turn lobbies to the others for what its constituency wants.
In 2005, it was Honda. GM, Ford and DaimlerChrysler shared the honors in 2006 to celebrate the history of American Muscle. This year, the 41st annual SEMA Show in Las Vegas has named Toyota the "Official Vehicle Manufacturer of the Show". It's an honor that has more to do with branding the Las Vegas Convention Center with your logo than anything else, and this year, Toyota's logo will be the most prevalent to show goers.
Dutch financial giant ING is investing heavily in F1 to promote its banking services with the same fast-paced, cutting-edge, dynamic image sought after by every F1 sponsor. However, unlike other companies that start small, ING aims to make a splash that no spectator could miss. There are a number of ways companies can get their name into grand prix racing, and it seems ING has checked all the boxes.
Michael Schumacher is the highest-paid figure in sports, and next year he'll be the highest-paid figure not in sports. Emerging reports speculate on how much the 7-time (maybe 8-time) world champion will be earning in retirement, and if the staggering figures are right, he'll still be making more than any of the drivers remaining in F1, including his successor Kimi Raikkonen, current defending champ Fernando Alonso and his own brother Ralf.
Nearly as fast as bidders came out of the woodwork for Aston Martin's possible sale, CBS secured new sponsorship for its hit reality-show "Survivor" after General Motors canceled its advertising. States Chris Ender of CBS, "The upcoming edition of `Survivor' has a full roster of advertisers across a wide range of categories and GM's position has been filled."
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