PEDRO DINIZ has decided to withdraw from Formula One racing as a driver - but will remain in the sport as a significant shareholder in the Prost Grand Prix team.
BENETTON driver Giancarlo Fisichella will learn in the next two weeks if he will miss pre-season testing with a knee injury.
JORDAN have announced that they are set to expand their headquarters at Silverstone and extend their wind tunnel facilities at Brackley.
NARAIN KARTHIKEYAN''s bid to be the first Indian driver to pilot a Formula One car has been thwarted by Jaguar Racing's decision to postpone his test at Silverstone this Friday.
AS we have been predicting for some weeks Thomas Haffa looks to be on the verge of losing control of his EM.TV empire, the company which controls 50% of the Formula 1 group of companies.
ARGENTINE Gaston Mazzacane will shakedown the Arrows A21 at Silverstone on Friday as speculation increases over his backers Pan-American Sports Network (PSN) linking up with the Leafield-based team.
PROST are expected to announce the appointments of Joan Villadelprat and Henri Durand to strengthen both their management and technical ranks for the 2001 season.
AS has been rumored for some time the Diniz Family, one of the richest in Brazil, has bought a shareholding in Prost Grand Prix.
GAULOISES may have announced that it is interested in buying up competitors in the European tobacco markets but this does not mean that the likely targets do not have ambitions of their own.
THE families of Greg Moore and Gonzalo Rodriguez have filed wrongful death suits against CART at the San Bernardino County Court in California.
F1 tire supplier Bridgestone is set to play hard ball with its new rivals Michelin as winter testing gets underway this coming week at the Jerez circuit in southern Spain.
BEING beaten in Formula 1 by Ferrari did not please the bosses of DaimlerChrysler but they have more important things to worry about at the moment with the American end of the business causing the German company considerable financial difficulties at the moment.
ABILIO DINIZ, the father of Brazilian driver Pedro, has bought into Prost Grand Prix according to reports.
THE rise of Indian racer Narain Karthikeyan is good news for motor racing around the world. Up to now Asian racing drivers have only been Japanese.
IT has been confirmed that Orange boss Hans Snook will step down when Orange is grouped with the other mobile phone operations of France Telecom and floated.
FORMULA ONE ringmaster Bernie Ecclestone has given his backing to a special Formula One party that will act as a curtain-raiser to the new season and will help FIA medical delegate Sid Watkins' charity - Brain and Spine Foundation.
THE word on the street in the United States of America is that Johnny Herbert will be joining Bryan Herta in the new Zakspeed Forsythe Racing team which is expected to run Reynard-Fords in all rounds of the CART series next year.
AS we suggested would happen some weeks ago, Bruce Ashmore, the President of Reynard's North American Operations, is leaving the company.
THE share price of Thomas Haffa's EM.TV, owner of half the shares in Bernie Ecclestone's Formula One group of companies, tumbled again on Tuesday with nearly 20% of the value of the company being wiped out in the course of the morning trading on Frankfurt's Neuer Markt stock exchange.
HEINZ-HARALD FRENTZEN is predicting a more successful year for Jordan in 2001 and is hoping that the team's new Honda engine will offer more victories rather than finishes.
STEVE NIELSEN, the team manager of Arrows, has left the team unexpectedly, having failed to reach agreement with team boss Tom Walkinshaw on a two-year deal which had been discussed in August, when Nielsen came close to signing to head the new Toyota Motorsport team.
PROST GRAND PRIX driver Jean Alesi escaped unhurt from a high-speed crash as he took part in the Rally of Monza at the weekend.
FLAVIO BRIATORE, the chief executive of Benetton, has signed a deal to take over Minardi's five-year contract with 19-year-old Spanish driver Fernando Alonso.
THE Coral bookmaking company, owner of Arrows sponsor Eurobet, has cancelled its plans for a $1.5bn flotation and is now looking for a buyer for the company.
PROST GRAND PRIX will test Italian rising star Giorgio Pantano in Spain in early December.
FORMULA ONE World Champion Michael Schumacher has been voted the third most popular German sportsmen.
NEW Benetton test driver Mark Webber received the prestigious Bruce McLaren Award at the annual British Racing Drivers' Club Awards at the weekend.
MINARDI driver Gaston Mazzacane has been linked to both the Arrows and Prost teams as he seems prepared to follow former team-mate Marc Gene out of the struggling Italian team.
THE hottest tip of the weekend's gossip columns is that triple World Champion Jackie Stewart is set to join Sir Jack Brabham and Sir Frank Williams as one of the handful of Formula 1 knights.
COVENTRY CITY FOOTBALL CLUB chairman Bryan Richardson has dismissed reports that Formula One boss Eddie Jordan is set to join the board at the club.
GERMAN driver Heinz-Harald Frentzen has expressed his uncertainty as to whether the proposed changes to Formula One in the next season will be beneficial to the sport.
PATRICK HEAD, technical director at BMW-Williams, believes that Michelin will have their work cut out to compete with tire rivals Bridgestone, when the French manufacturer returns to Formula One next year.
PEUGEOT motorsport manager Corrado Provera has revealed that the Prost Grand Prix team knew that the engine manufacturers would be withdrawing from Formula One before last season even started.
WE hear whispers that the Arrows teams is in discussion with Internet company Vivao about a sponsorship for next year.
THE British motor racing industry is hoping to go into business with the US National Aeronautics and Space Administration to exchange ideas and information.
FORMULA ONE ringmaster Bernie Ecclestone is set to invest millions of pounds into property in London, according to reports in the British media.
FORMULA ONE drivers Jarno Trulli, Olivier Panis, Gaston Mazzacane and Marc Gene will all participate in a special karting race in Spain this weekend.
GAULOISES may be out of Formula 1 at the moment following its split with Prost Grand Prix, but its parent company, the Franco-Spanish tobacco group Altadis says that it is looking to expand its operations in Europe and has the money to buy up smaller companies to make them more competitive with global giants Philip Morris, British American Tobacco and Japan Tobacco.
TOM WALKINSHAW has signed an agreement with the Moscow city government to create and develop an international racing facility in Moscow.
FERRARI have confirmed that Michael Schumacher will not test for the team next month as he continues his recovery from an operation to remove a metal pin from his right leg.
JAGUAR RACING chairman Neil Ressler believes that his team will be better prepared for next season and is hoping the team will become more competitive.
JAGUAR RACING is expected to announce shortly that it has signed up two new drivers to be its Junior Team for 2001.
MARK WEBBER will give the Benetton B200B test car its maiden shakedown run at Silverstone next Friday (1st December) which will also mark the track debut of Renault's radical new 111-degree V10 engine.
THIS weekend Peugeot Sport goes to Cardiff to try to win the World Rally Championship Drivers' title, to add to the Constructors' title it has already secured with the Peugeot 206.
AN advance in technology is ruining Formula One, according to French driver Jean Alesi.
FERNANDO ALONSO's manager Adrian Campos has dismissed reports that the young Spanish driver has signed for Benetton, but would not clarify where his future will lie.
THE share price of Thomas Haffa's EM.TV media company rose towards the end of last week to just below 30 Euros ($25) but this week the shares have been falling steadily and on Thursday morning they dipped below 20 Euros ($17) for the first time.
SPANISH driver Marc Gene has expressed his gratitude to his former team Minardi after his move to Williams as their test driver for next season.
MERCEDES-BENZ motorsport head Norbert Haug has revealed details of the new engine his company will provide for the McLaren team in the 2001 season.
JUAN PABLO MONTOYA has acquainted himself with his new BMW-Williams team in the last few days at the outfit's Grove base.
SAUBER have confirmed the conclusion of a three-year contract for technical support with Ericsson Switzerland telecommunications company.
BRAZILIAN Ricardo Zonta is hoping to follow in the same footsteps as French driver Olivier Panis after joining Jordan as a test driver and relinquishing his chances of a race drive with another outfit for 2001.
BENETTON boss Flavio Briatore has dismissed reports linking Minardi's teenage sensation Fernando Alonso with a possible drive at his team.
IT was David Coulthard who hit the nail on the head when he was referring to McLaren-Mercedes test driver Olivier Panis.
RETIRED triple World Champion Niki Lauda has resigned from his post as chief executive of his airline Lauda-air after auditors reportedly discovered financial irregularities over the manner in which the Vienna-based operation was being run.
NEIL RESSLER, chairman of Jaguar Racing, has admitted that he would love to see world champion Michael Schumacher driving for his team.
FERRARI driver Rubens Barrichello won a 500-mile endurance kart race at the Kartodromo Internacional de Cotia, outside Sao Paulo, Brazil on Sunday.
THE Benetton team has finally confirmed that Australia's Mark Webber is to be its test driver in 2001.
BRITAIN's fascination for the rich has resulted in the highly popular Sunday Times Rich List, which features the people that the newspaper estimate to be the richest in Britain, based on their earnings and assets.
JOHNNY HERBERT's manager Mark Perkins has dismissed reports that the Briton suffered a mild fracture of the knee after a crash in his final Grand Prix in Malaysia on October 22.
OUR spies in the United States of America are suggesting that Jaguar Racing could be on the verge of giving Formula 1 a big surprise by naming 48-year-old Californian engineer Gordon Kimball as its new technical director.
THERE have been reports in recent days suggesting that Ferdinand Piech, the boss of the Volkswagen Group is to retire early and will not be staying on as long as he could with Europe's biggest car maker. Piech has been the architect of much of Volkswagen's growth in recent years but has always been against a direct involvement in Formula 1 despite a trend amongst other car manufacturers to buy teams.
BMW-WILLIAMS announced on Monday that Marc Gene will be the team's test driver for the 2001 Formula One World Championship.
MINARDI driver Gaston Mazzacane has been linked with a move to Arrows.
NEXT years British Grand Prix is heading for a sell out and Silverstone officials are warning spectators to make sure they get their tickets early.
IT is a reminder of just how committed Ford has become to the F1 long haul that it is prepared to invest an estimated 40 million pounds in establishing Jaguar's bespoke racing headquarters at the home of British motor racing.
BMW-WILLIAMS technical director Patrick Head has said the rookie of the year Jenson Button almost missed out on a Formula One drive - because he had wanted Bruno Junqueira as the team's second driver at the start of the year.
PAN AMERICAN SPORTS NETWORK, PSN, have stated that they intend to continue to back Argentine driver Gaston Mazzacane - despite pulling out of a deal to take control of Minardi.
NEW Benetton test driver Mark Webber is under no illusions of the task ahead as he bids to become the first Australian on a Formula One grid since Alan Jones in 1986.
Ferrari's Rubens Barrichello will be taking a break from his vacation in Brazil to get behind the wheel of a go-kart when he takes part in a 500-mile team race this weekend.
JORDAN GRAND PRIX will use the Honda Athena engine tested by British American Racing when they begin their preparations for 2001.
GABRIELE RUMI said he was never coming back to Formula 1 when he quit the sport a few weeks ago but the deal he had struck with the PanAmerican Sports Network was never completed and now Rumi is back in charge at Faenza.
GIANNI AGNELLI, the boss of Fiat and one of the Ferrari Formula 1's biggest supporters, is in mourning this week following the death of his son, 46-year-old Edoardo Agnelli, who was found hanging beneath a motorway bridge near Turin, Italy.
JENSON BUTTON has insisted that he is desperate to return to the cockpit and start testing for his new team Benetton next month - even though he has to prove himself all over again.
FERRARI president Luca di Montezemolo has said that he has no plans to quit at the helm of the double-winners and admitted that he wants more success next year.
BOB BELL, head of vehicle technology at Jordan, has welcomed the possibility of traction control returning to Formula One.
PROST GRAND PRIX managing director Joan Villadelprat has said that talks to attract Telefonica back to the sport have failed.
A program of structured change leading to progressively revised F1 technical regulations could be prompted by the reintroduction of traction control next season.
1997 World Champion Jacques Villeneuve is to open a new restaurant/bar in Montreal next year - and his old friend BAR team boss Craig Pollock will be one of the investors.
NEW Jaguar driver Luciano Burti has suggested that his move onto the Formula One grid was down to luck.
FERRARI president Luca di Montezemolo has insisted that Prost and Sauber will both be treated equally when they receive the Italian team's engines next season.
MINARDI driver Marc Gene's future in Formula One will be decided in the next two weeks, according to his manager Blanca De Foronda.
NEVER take anything for granted, or at face value. That's the golden rule of thumb which is consistently applicable to the F1 business.
OUR spies at Ferrari tell us that the Italian team has offered 19-year-old Spaniard Fernando Alonso a five-year deal to join the team, initially as a test driver.
FERRARI have expanded their facilities at their Maranello base to help cope with their engine supply commitments with Sauber and Prost in the 2001 season.
NARAIN KATHIKEYAN is set to become the first Indian to drive a Formula One car as he prepares to shakedown a Jaguar Racing R1B development chassis at Silverstone next month.
WE understand that the political battles within British American Racing may not be over yet.
MARK WEBBER announced on Tuesday that he will be the official test driver for the 2001 season for the Benetton Formula One team.
BACK in 1991 there were rumors of several possible new Grands Prix being held.
COMPARED to the end of last week, Monday was not a bad day for Thomas Haffa of EM.TV.
JAGUAR RACING has secured planning permission to start building its new headquarters at Silverstone.
NEW Jordan chief operating officer John Putt has said he will relish the challenge of helping the team to become Formula One World Champions.
WE hear that there is to be an Emergency General Meeting of the British Racing Drivers' Club - the club which owns the Silverstone racing circuit, near Northampton.
While the FIA may have given Jenson Button the green light for an F1 super licence on the basis of his outstanding performance during testing last winter, his contemporary Kimi Raikkonen's lack of experience his likely to put a brake on his Grand Prix aspirations for at least another year.
NEW Benetton technical director Mike Gascoyne has said that he is confident that work carried out since the end of the season will give the team's new chassis increased reliability.
JOHNNY HERBERT has admitted that he wanted more from his career even though he managed to win three Grand Prix.
MINARDI's chief mechanic Gabriele Pagliarini is expected to leave the team to join Prost Grand Prix.
HAVE you ever heard of James Matthews? Or Jean-Pierre Hoursourigaray? Ludovic Faure? Or Jean-Claude Perrin? No? Well, they all have one thing in common: they were all strong forces in Formula Renault at some point in the history of the sport.
FORMER World Champion Damon Hill has hit out at his long time rival Michael Schumacher - claiming that he is a better driver than the Ferrari ace.
NEW Managing Director of Prost, Joan Villadelprat, has confirmed that the first of the new Ferrari-engine cars will be finished as scheduled at the end of January.
WORLD CHAMPION Michael Schumacher vowed he would be back to his best when he returns to the cockpit of his car in January - after the operation to remove a pin from his leg was successful.
AT first glance, it might be too much to take in.
SPANIARD Fernando Alonso is at the center of Formula One attention with the possibility of three drives on the cards for the youngster - with Minardi, Ferrari and Prost.
ON Friday morning Formula 1 bosses were anxiously watching the Frankfurt Stock Exchange as the share price of Thomas Haffa's EM.TV company continued to fall.
AFTER losing 8% of its value on Wednesday, EM.TV took a further hit on Thursday on Frankfurt's Neuer Markt stock exchange with the shares dropping another 6.7% during the day to finish up at 29.03 Euros ($24.67).
SOMETIMES the most off-beat stories are the best, so it's nice to be able to record that the McLaren-Mercedes team is helping London's famous Great Ormond street hospital in what might best be described as "pit stop" baby care.
FINN Kimi Raikkonen's proposed move to Sauber is being held up by his application for a super licence to drive in Formula One.
KARIM AZUZ, the president of the Tunisian Automobile Club, announced on Thursday that he is ready to meet the Federation Internationale l'Automobile (FIA) in a bid to host a grand prix in the future.
THOMAS HAFFA's EM.TV media company, which owns 50% of the Formula One group of companies took another hammering on the Frankfurt Neuer Markt on Wednesday when the firm's share price dropped another 8.3% in a day.
NEW world champion Michael Schumacher has been named as the number one motor racing driver in the world according to the latest Champion Sparks Plugs Rankings.
WORLD CHAMPION Michael Schumacher is recovering at home in Switzerland after a successful operation to remove a 30-centimeter metal pin from his right leg.
ARROWS sponsor Orange is expecting to announce a management reshuffle in around a month and it is expected that Hans Snook, the man who brought the mobile telephone company into Formula 1, will leave the company.
LOIC BIGOIS, the head of aerodynamics at Prost Grand Prix is still out of action as the result of a motorcycling accident a month ago which resulted in the Frenchman suffering a broken leg.
WE hear that Minardi is likely to sign up the rising Spanish star Fernando Alonso with backing from the Belgian finance company Leaseplan, which is hoping to use Formula 1 to expand its business in Spain.
WORLD CHAMPION Michael Schumacher has confirmed that he will auction one of his Ferrari driving suits next month in a bid to raise funds for an autism charity.
THE Volkswagen car company and its subsidiaries have avoided most forms of motor racing in recent years - apart from the successful Audi sportscar program - although there has been a fairly active rallying program with its subsidiaries Skoda, Seat and VW itself.
AN announcement is expected shortly from Jaguar about further changes to the team for next season and we have heard stories that this will involve a new sporting director being appointed.
OUR spies tell us that there are to be changes at Jordan Grand Prix as a result of the team's disappointing performances this year.
WHEN DaimlerChrysler board director Jurgen Hubbert stated firmly at the weekend that there would be no future berth for Michael Schumacher in the McLaren-Mercedes squad, he was re-stating the feelings of the German car company which played such a major role in the young Schumi's emergent career a decade ago.
JORDAN GRAND PRIX have reshuffled their management structure with the appointment of John Putt as chief operating officer on Tuesday.
MERCEDES-BENZ president Jurgen Hubbert has said that German Michael Schumacher will not be offered a return to the team when his contract expires with Ferrari in 2002 - even though they started him on his path to stardom.
TRIPLE WORLD CHAMPION Michael Schumacher will enter hospital this week to have an operation to remove a pin from his leg.
BRITISH AMERICAN RACING has been playing down suggestions that a showdown is coming between team bosses CraigÊPollock and Adrian Reynard, saying that the board meeting which was due to take place last week (but was delayed) was simply a quarterly gathering and no major moves were planned.
JAGUAR team leader Eddie Irvine has firmly dismissed Ross Brawn's supposed role as the as the great pit lane strategist who helped steer Michael Schumacher to his goal of becoming the first Ferrari World Champion driver in 21 years.
HIROTOSHI HONDA, president of Mugen, has confirmed the immediate withdrawal of his company from Formula One at the end of the season.
IT is no secret that Prost Grand Prix is thinking about joining forces with Michelin but the recent engine deal with Ferrari is complicating matters as the French tire manufacturer does not want its tire technology leaking to Ferrari, which remains one of Bridgestone's top teams.
IN recent days there have been worries about the future of Minardi and while this is not surprising given the fact that it is now early November and the team has yet to announce which engines it will be using in the World Championship next season.
THE Toyota Motor Company has given more details about what it hopes to achieve with its Formula 1 program.
JORDAN driver Jarno Trulli produced an impressive performance in the New York Marathon on Sunday when he completed the event in 10,230th place - but was unhappy after he failed to achieve his own personal target.
SPANIARD Pedro de la Rosa has said that rumors of a move to Prost are wide of the mark and he expressed his content of life with Arrows.
THERE has been an awful lot of talk in Formula 1 circles in recent months about the possible involvement of American drinks company Coca-Cola in Grand Prix racing.
DAVID COULTHARD has set his sights on winning the Formula One World Championship in 2001 and he has insisted that more consistency in his driving will deliver the crown.
DOUBLE CHAMPIONS Ferrari are set to heap further misery on McLaren by tempting software specialist Anton Sitpinovic to leave the Woking-based team.
GIORGIO PANTANO drove home the point that he is a special talent while testing for Team Astromega in Formula 3000 this week.
WORLD CHAMPION Michael Schumacher has tasted victory again after he led a soccer team comprising of motor racing stars to triumph against an all-star opposition in a charity match in Padua, Italy.
AS we have been predicting, Alain Prost has signed up Joan Villadelprat and Henri Durand to be managing director and technical director of Prost Grand Prix.
AS negotiations continue for a deal between Bernie Ecclestone, Thomas Haffa and a consortium of automobile manufacturers to secure the long term future of the commercial side of Grand Prix racing,
YOUNG Finn Kimi Raikkonen has said that the pressure of Formula One will not affect him if he lands a drive with Sauber next year.
MICHAEL SCHUMACHER lost a court case in Stuttgart, Germany on Thursday after filing a multi-million pound damages claim against his look-alike Frank Sassen.
JORDAN driver Jarno Trulli will swap his racing overalls for shorts, T-shirt and running shoes on Sunday when he competes in the New York Marathon.
DUTCH driver Jos Verstappen's future could be decided within the next three weeks, according to his manager Huub Rothengatter.
FIVE drivers currently involved in Formula One will take part in a special football match for charity at the Bruno Longhi Stadium in Italy on Thursday night.
MINARDI have dismissed speculation that backers PanAmerican Sports Network are about to pull the plug on its deal to buy a majority stake in the team.
PROST have announced that Joan Villadelprat has been appointed Managing Director of the team and he will be joined by technical director Henri Durand for the 2001 world championship.
WHEN you look at it on paper, the Minardi team does not appear to have much of a future but it will survive. It always has. Giancarlo Minardi is an expert at that.
BRAZILIAN Ricardo Zonta has been handed a tough schedule in December as he begins his new role as official test driver with Jordan.
EDDIE JORDAN said on Tuesday that he expects his team to become Formula One World Champions with the backing of Honda works engines.
YOUNG Finn Kimi Raikkonen is not yet a Sauber driver, his manager Steve Robertson said on Wednesday.
TOYOTA MOTOR CORPORATION announced on Monday that they had bought a majority share in Japan's Fuji racing circuit and said that they will develop the venue to secure a Grand Prix return.
TOYOTA is not only determined to fly in the face of established F1 convention by building its own cars and engines, but is also determined to harness its newly acquired majority stake in Japan's Fuji speedway as a home-grown development circuit.