THE recently established media group Vivendi Universal has announced plans to establish its own sports network in competition with Eurosport.
TOM WALKINSHAW's confidence in his recent deal to build a Formula 1 track in Moscow will be shaken by the news that the man who negotiated the deal has been gunned down and his chauffeur killed.
CRITICS think that Toyota is unwittingly making a mess of its Formula 1 plans by siting the team in Germany and using a lot of staff without any F1 experience,
DEUTSCHE BANK, the biggest shareholder in the DaimlerChrysler empire with 12% of the company, says it is going to sell its shares in the German-US car company but this will not happen until the share price improves.
NARAIN KARTHIKEYAN is expecting to make his Formula One testing debut with Jaguar Racing at the start of January.
WORLD CHAMPION Michael Schumacher has predicted a bright Formula One future for young Briton Jenson Button.
THE British New Year's Honours List featured a number of sportsmen, including a knighthood for multiple Olympic rowing champion Steve Redgrave but there was no knighthood for Jackie Stewart and there were no awards for the motor racing industry as the list was dominated by Olympic athletes.
WHEN the Formula 1 teams gather again in Australia in March there will be a new engine supplier on the grid. At least the name will be different.
THE shares of Formula 1 shareholder EM.TV hit a new low on Thursday when they bottomed out at 5.00 Euros ($4.5).
MICHELIN's softly softly approach to its entry into Grand Prix racing should not be taken too seriously.
FERRARI President Luca di Montezemolo says that the team's sporting director Jean Todt will be staying with the team nut there are no details as to how long this will be for.
FERRARI President Luca di Montezemolo says that he would like to take a sabbatical from running the company.
THE Brazilian state owned Brazilian oil giant Petrobras has decided to change its name to PetroBrax to support its plans for international expansion.
TOMMY SUHARTO, the man who wanted to take Grand Prix racing to Indonesia, a few years ago, is leading the local police a dance at the moment.
HAVING lost his regular race engineer Dino Toso to Benetton, Jordan's Jarno Trulli has been looking for a replacement and has been pushing the Silverstone team to hire Gabriele Dellicolli, with whom he worked at Minardi in 1997.
RUBENS BARRICHELLO has insisted that the 2001 season will see a vast improvement in personal performances and a concerted push for the Formula One World Championship.
THE Ford Motor Company has begun to settle law suits relating to accidents involving the Explorer sports utility vehicle.
MALAYSIAN Prime Minister Mahathir Mohamad says that he will stand down from office at the end of his current term in November 2004, who will be 79 by then time the next elections come up.
MICHELIN's Competition Director Pierre Dupasquier has been carefully playing down expectations that the French tire company could win Formula 1 races in 2001.
ANTONIO PIZZONIA has confirmed he will drive in the 2001 International F3000 championship but has not ruled out a testing role in Formula One.
ALEX WURZ has declared his intent on securing a seat in one of Formula One's leading teams in the coming seasons, and he has singled out British American Racing driver Olivier Panis as his role model.
DURING the holiday season everyone enjoys a glass or two of wine. Formula 1 fans would be well-advised to try a drop of two of Mario Andretti's range of wines, which he has been producing since 1996.
MCLAREN shareholder DaimlerChrysler has been suffering on the stock markets in the Christmas week with the share price dropping to its lowest point in four years following the announcement that the company has slashed its profit forecasts because of the problems with Chrysler and fears that there will be similar problems with the debt-ridden Mitsubishi, which is also controlled by DaimlerChrysler. Interestingly many of the shareholders who are selling DaimlerChrysler stock are buying into Volkswagen and BMW.
JAGUAR will become the first Formula One team to launch their new car for the 2001 season.
FORMULA 1 bosses have never much cared about the demographics of the average Formula 1 race fan but it is something which will be taken into account in the years ahead as the sport grows.
FERRARI general manager Jean Todt has hinted at retirement from Formula 1 when his current contract with the team expires in 2001.
STUART TURNER, the former Director of Motorsport for Ford of Europe, today paid tribute to his former boss, colleague and friend Walter Hayes who died aged 76 in the London Independent Hospital on Boxing Day.
THE international automobile federation is to be one of the sponsors of an international conference on sports governance, which is planned to take place in Brussels, Belgium, at the end of February.
THE gradual attack of the world's legislators against tobacco advertising continues with new countries pushing through bans with each passing month.
WALTER HAYES, the man who funded the construction of the Cosworth DFV Formula 1 engine in the early 1960s, has died at the age of 76.
THE motor racing industry does not often stop but on Christmas Day there is not much action going on.
MOTOR RACING film maker Brian Kreisky and four members of his family were killed when his turboprop aircraft crashed just after take-off from Blackbushe Airport in Hampshire on Saturday.
THE rumors that Ferrari will be using Michelin tires in 2002 seem to have been created because there is not much news about Ferrari in Italy at the moment.
JOHN COOPER, the junior half of the famous father-and-son partnership which revolutionized Grand Prix racing in the 1950s, died on Christmas Eve at the age of 77.
AS the Formula 1 circus shuts down for the Christmas break, many people will be wondering if anyone in Formula 1 will figure in the New Year's Honours List, which will be revealed next week.
ARROWS will launch its new passenger car, the AX3, as part of the Arrows F1 Xperience program, at the Autosport Show on Thursday 11 January.
THE national government of India has approved a plan to rename Calcutta and that is expected to be a major boost for the plan to hold a Grand Prix near the city.
THE German authorities have visited the EM.TV offices in Munich and have taken away documents and spoken to members of staff.
MINARDI are remaining upbeat about their future in Formula One, despite the recent announcement that Prost have teamed up with PSN.
LANDING a major sponsorship deal from the Pan-american Sports Network is a coup for Alain Prost but it is almost certain that there will be strings attached to the deal.
JAGUAR Chief Executive Officer Bobby Rahal will be amongst a number of guest speakers at the Motorsport Industry Association (MIA) Business Congress conference.
THE Honda-owned Suzuka racing circuit in Japan is to be upgraded in an effort to stave off a challenge for the Japanese Grand Prix from the Mount Fuji racing circuit, which was recently acquired by Toyota.
THE German Federal Securities Trading Supervisory Authority has recommended that there be a formal investigation into the share movements of EM.TV in the last few weeks amid suggestions that there may have been insider trading.
FERRARI on Friday denied reports that they will switch to Michelin tires in 2002, after Italian newspaper reports suggested a deal had been completed.
THE Hungarian Grand Prix has been given a reprieve after the country's government excluded "world-class motorsport events" from the newly-imposed tobacco ban.
BRITON Marc Hynes will learn early in the New Year if he has done enough to secure a test drive with British American Racing, after he completed a test with the team in Barcelona.
MINARDI's position as a devoted ally of Ferrari and Benetton on the convoluted F1 political scene will be guaranteed on a long-term basis when Renault subsidiary Mecachrome buys the team to ensure its future.
FERRARI president Luca di Montezemolo has hinted that he would like to retire, or at least take a sabbatical, from running the famous Italian car company he took command of in 1992.
PRIOR to Monday's EGM of the board of the BRDC, at which the recent deal with Brands Hatch to retain the British Grand Prix was ratified, somebody somewhere let their feelings be known.
THE Suzuka circuit, which hosts the Japanese Grand Prix, will feature changes for the 2001 World Championship in a bid to increase driver safety in Formula One.
DINO TOSO, one of the bright crew of young engineers at Jordan in recent years, is following the team's former technical director Mike Gascoyne to Benetton.
THE final day of testing at Estoril was abandoned on Thursday after teams deemed the circuit was too wet to drive on.
THE German stock market Deutsche Borse has announced tougher new rules for the Neuer Markt exchange following the disastrous collapse of EM.TV's share price recently.
PROST GRAND PRIX announced on Thursday that they had secured their immediate future after signing a lucrative sponsorship deal with television broadcaster Pan-American Sports Network (PSN).
FORMULA ONE's newest recruit Kimi Raikkonen has expressed his optimism ahead of his first season in the sport after a three-day test in Barcelona with his Sauber team.
ITALIAN Jarno Trulli believes he could better the performance of reigning world champion Michael Schumacher if he was given a chance in a Ferrari.
THERE are rumors in British marketing circles that the Vodafone Air Touch company may be on the verge of signing a sponsorship deal with Benetton in an effort to increase its exposure around the world.
THE French motor sport federation (FFSA) hosted its annual awards last night and Ferrari's sporting director Jean Todt walked off with a golden steering wheel having been named as Personality of the Year.
BENETTON driver Jenson Button revelled in the absence of former BMW-Williams team-mate Ralf Schumacher as he topped the times in testing at Estoril on Wednesday.
BRAZILIAN Antonio Pizzonia has said that he is not ready for the demands of Formula One after testing at Barcelona with Arrows.
JARNO TRULLI topped the times in the final day of testing in Barcelona on Wednesday as he went over a second-and-a-half quicker than Michael Schumacher's pole position time in this year's Spanish Grand Prix.
BRANDS HATCH chief executive Rob Bain vowed on Tuesday that the Kent circuit will not be neglected in the wake of Silverstone Circuit's acquiring of the British Grand Prix for the next 15 years.
WHICHEVER way you slice it, the British Racing Drivers' Club has pulled off the F1 deal of the new millennium in granting Octagon, the company which owns Brands Hatch Leisure, a lease on their circuit in order to stage the British Grand Prix for what both parties hope is the next 15 years.
TUESDAY's test at the Estoril circuit for the Michelin tire teams was thwarted by wet weather.
NICK HEIDFELD recorded the quickest time for his new Sauber team in the second day of testing at the Circuit de Catalunya, Barcelona on Tuesday.
ACCORDING to reports in the German newspapers, Bernie Ecclestone is looking at buying a shareholding in the troubled German media company EM.TV, which owns half of his Formula One group of companies.
MERCEDES-BENZ motorsport director Jurgen Hubbert has promised that the German engine supplier will be doing everything possible to assist McLaren in closing the gap on double world champions Ferrari in 2001.
THE Moscow tourist authorities have confirmed plans to build a Formula 1 circuit on Nagatino Island with Tom Walkinshaw's TWR overseeing the construction of the facility.
PROST GRAND PRIX are set to hand Singapore driver Christian Murchinson a path into Formula One, but only if he provides the team with $2 million.
FERRARI sporting director Jean Todt has been rewarded by the French Automotive Federation for his part in securing a double world championship for the Italian marque in 2000.
MEMBERS of the British Racing Drivers' Club (BRDC) voted unanimously on Monday to support the proposed deal for Silverstone to host the British Grand Prix for the next 15 years under the management of Octagon.
JURGEN SCHREMPP, the chairman of DaimlerChrysler, has been under pressure of late because of problems with the Chrysler Corporation.
BENETTON driver Giancarlo Fisichella successfully underwent an operation on his right knee in a Rome hospital today (Monday).
JENSON BUTTON has vowed to become more aggressive and push harder next season in a bid to make him a better driver in the future.
MOTOR RACING get a lot of bad publicity when there is a fatal accident.
JAGUAR driver Eddie Irvine recorded the quickest time in a rain-soaked testing session at the Estoril circuit on Monday.
MCLAREN chairman Ron Dennis has expressed the view that it is not only commercially desirable, but also absolutely crucial to his team's entire F1 future, that the TAG McLaren group continues to expand and diversify.
ALLAN MCNISH, the Toyota Formula 1 test driver, says that he has been given assurances by Toyota that if he shows well in testing he will be rewarded with a full-time drive in F1 in 2002.
MICHAEL SCHUMACHER has been based in Switzerland for several years now, since an unfortunate interlude with the authorities in Monte Carlo.
MAX MOSLEY, the president of Formula One's governing body the FIA, has expressed his fears over the granting of a superlicence to Kimi Raikkonen.
NEW British American Racing driver Olivier Panis set the fastest time on the first day of a three-day testing session in Barcelona on Monday, seeing off the challenge of Briton David Coulthard in a McLaren-Mercedes.
TRADITIONALLY, the Bugatti name has meant to things: luxury and performance.
PROST driver Jean Alesi has criticized the FIA for the possible reintroduction of traction control after the first quarter of the 2001 season, saying that it could lead to cheating.
BRITISH Formula Three Champion Antonio Pizzonia will test for the Arrows in Barcelona on Monday, it has been confirmed.
THE British Grand Prix's future at Silverstone is expected to be secured on Monday at an EGM of the British Racing Drivers' Club (BRDC).
IT has been announced that there is to be a change in the top management of Interpublic, the company which owns the Brands Hatch racing circuit.
FERRARI president Luca di Montezemolo has said he is considering retirement from the helm of the Italian Formula One team after one of the best year's in the company's history.
THE Emir of Bahrain, who has ambitions to host a Grand Prix as early as 2002, is doing his best to give the state a less totalitarian image.
FIA president Max Mosley has echoed the thoughts of many F1 insiders by roundly criticizing the decision of the FIA Formula 1 commission - of which he is a member - for permitting the young Finnish driver Kimi Raikkonen to have a super licence.
ROBERT SEHLI, the sacked Mercedes-Benz worker who protested against his dismissal during the German Grand Prix, has won a court case entitling him to compensation from the car manufacturer.
PROST GRAND PRIX chairman Alain Prost has said he will not rush into making a decision on who will partner Jean Alesi in the French team next season.
RALF SCHUMACHER has dismissed reports that he has a problem with new BMW-Williams driver Juan Pablo Montoya.
THREE-TIME Formula One world champion Michael Schumacher has paid tribute to his boyhood hero Ayrton Senna.
TOP grand prix teams Ferrari and McLaren-Mercedes could find themselves coming under intensifying attack from lesser rivals next season as French tire maker Michelin this week fired the opening salvos in a grand prix tire war.
FERRARI driver Rubens Barrichello recorded the quickest lap time on the final day of testing at the Valencia circuit, Spain, on Friday.
THE Benetton team is not running Fernando Alonso in testing at Barcelona this week because it is a charity organization.
THE recently-announced deal for Bavarian media baron Leo Kirch to buy a 25% share of EM.TV and to take over 49% of the Formula One group of companies is not yet definite.
FERRARI president Luca di Montezemolo has declared that he wants two more world titles from Michael Schumacher before the German retires.
JORDAN have agreed a three-year partnership deal with World of Internet.com AG (WoI) and expect to seal the deal today (Friday).
BRITISH AMERICAN RACING announced on Friday that Japan's Takuma Sato will test for the team in Barcelona next week.
FERARRI test-driver Luca Badoer continued the Italian team's hectic testing schedule at their Fiorano circuit on Thursday.
BMW MOTORSPORT director Gerhard Berger and BMW-Williams driver Ralf Schumacher have expressed fears that the team's new Michelin tires could stall their season in 2001.
BRIDGESTONE has been forced to cut its profit estimate by 80% this year because of the effects of the problems with the Firestone brand in the United States of America.
JENSON BUTTON set the fastest lap time for his new Benetton team on Thursday in testing at the Circuit de Catalunya, Barcelona.
DAVID COULTHARD topped the times for the second consecutive day in Bridgestone tire testing at the Valencia circuit on Thursday.
THE German state prosecution service has announced that it is investigating the activities of EM.TV, the half owner of the Formula One group of companies, which ran into serious trouble recently on the Neuer Markt stock exchange in Frankfurt.
GIANCARLO FISICHELLA will undergo an operation on a knee injury next week, his Benetton-Renault team confirmed on Thursday.
IT may sound very dramatic that Giancarlo Fisichella needs to have knee surgery but with the increasing use of arthroscopy this has ceased to be the problem it once was for sportsmen.
HE Dallas investment company Hicks, Muse, Tate & Furst specializes in buying up small struggling companies in an industry, repackaging them and then selling them on.
RALF SCHUMACHER has been forced to abandon his BMW-Williams testing plans in Barcelona this week after being hit by flu.
THE mayor of San Francisco Willie Brown, who has hopes of hosting a Grand Prix in the city, is going to struggle to make a race a reality.
BENETTON's new technical director Mike Gascoyne believes Jenson Button is quickly finding his feet at the Chipping Norton-based team.
MCLAREN dominated testing at Valencia on Wednesday as David Coulthard and Alexander Wurz topped the times - leaving Ferrari's Rubens Barrichello trailing in their wake.
FURTHER to our story about Minardi doing a deal to use Supertec engines in 2001, the latest rumor in F1 circles is that the precision engineering company Mecachrome, which builds the current Supertec V10 engines, could be on the verge of buying the struggling Italian team.
FORMULA ONE new-boy Juan Pablo Montoya continued to impress in testing at the Circuit de Catalunya in Barcelona -- even though he admitted all he wants to do is learn his Williams chassis.
RALF SCHUMACHER produced a scintillating display in testing at Barcelona on Wednesday as he blasted his brother Michael's pole position time for this year's Spanish Grand Prix by over half-a-second.
THREE-TIME world champion Michael Schumacher is predicting that there will be little change in the way of team dominance for next season.
THE future of the Hungarian Formula One Grand Prix is in doubt after the country's parliament banned cigarette advertising.
MICHAEL SCHUMACHER's manager Willy Weber has won a court case which protects his earnings from the marketing of the three-time world champion.
SILVERSTONE has yet to approach the British authorities about funding for the planned rebuilding of Silverstone but the organization which decides on whether or not money should be given for the project says that there is a provision for "world class events" which have "national significance".
THE annual BBC Sports Personality of the Year evening resulted in Jenson Button being named as Britain's Newcomer of the Year for his performances in the BMW Williams F1 team.
DOUBLE World Champion Mika Hakkinen became a father today when his wife Erja gave birth to a boy.
OUR spies in Faenza report that while negotiations continue for the sale of the team, the engineers in Italy are buy working on the design of the 2000 chassis which will feature Supertec V10 engines and, rumor has it, elements of the rear end of the current Benetton.
PROST GRAND PRIX have announced that they will give Brazilian Enrique Bernoldi and Oriol Servia of Spain a chance to test with the team in Barcelona this week.
THE Silverstone racing circuit has long been criticized for the poor access roads in the area which cause enormous congestion at the British Grand Prix but even before the disastrous race in April, the British Department of the Environment has finally announced plans to upgrade the main A43 to provide a much better strategic link between the M40 and M1 motorways.
SOUTH AFRICA is to spend over $50m on a massive advertising campaign to attract more tourists to the country.
JENSON BUTTON insisted on Monday that Formula One's latest rookie Kimi Raikkonen will struggle to find his feet in Grand Prix racing next season.
BRITON Jenson Button will become a world champion when he returns to Williams, according to BMW Motorsport director Gerhard Berger.
THE Formula 1 Commission has rejected plans for the return of electronic driver aids in Formula 1 because of opposition to the idea from Ferrari and teams associated with the Italian organization.
THE plans for a Grand Prix in India have now been completed and were submitted to the West Bengal state government a couple of weeks ago.
THE legendary, frenetic tones of Murray Walker, competing in the decibel race with his beloved formula one cars in the manner once described of one with his trousers on fire, will be lost to the world of grand prix racing at the end of the 2001 world championship season.
PROST GRAND PRIX have announced the signing of a three-year agreement with French tire manufacturers Michelin.
THE voice of Grand Prix racing Murray Walker announced on Monday that he will hang up his microphone at the end of the 2001 Formula One season.
FIFTEEN year old British driver Lewis Hamilton walked away with victory last weekend in the Young Hopefuls section of the Elf Master Karting competition at Paris Bercy Exhibition Centre.
BRITON Jenson Button on Saturday expressed fears over the introduction of traction control but admitted it will help teams end the dominance of Ferrari and McLaren in Formula One.
THOMAS HAFFA, the boss of EM.TV has told a German newspaper that he will resign as chief executive if he cannot regain the trust of investors and market analysts.
THERE was some embarrassment this week for Flavio Briatore's girlfriend Naomi Campbell when it emerged that the man who ran the Fashion Cafe, using her name and the names of other famous models to promote the business, has been arrested and is allegedly facing a string of charges including Money laundering, conspiracy and the transportation of stolen property.
THE United States Grand Prix landed the prestigious Promoters Trophy at the Federation Internationale de l'Automobile (FIA) end-of-season prizegiving awards on Friday.
RUBENS BARRICHELLO has dismissed the title chances of Briton David Coulthard and said he will be the man to challenge Michael Schumacher and Mika Hakkinen for the championship.
THERE have been mutterings in recent days that one or two teams are planning to make a fuss about Alain Prost's plans to use not only Ferrari engines in 2001 but also elements of the rear end of the current Ferrari package, including the gearbox and possibly the rear suspension as well.
DOUBLE world champions Ferrari sparked a new Formula One civil war on Friday after blocking the immediate return of electronic driver aids, it was claimed.
PROST GRAND PRIX is going to be busy this week in Barcelona, running a number of young drivers to see who would be the best recruit to partner veteran Jean Alesi.
MICHAEL SCHUMACHER was presented with his prize for lifting the Formula One World Championship at the Federation Internationale de l'Automobile's annual end-of-season ceremony in Monaco on Friday.
The British Racing Drivers' Club, which owns Silverstone, is trying to improve its image and to attract government money for the rebuilding of the circuit and has launched plans for a Racing Academy to help promote young British racing talent.
FORMULA ONE drivers were divided on Friday when the sport's governing body the Federation International de l'Automobile gave the green light for the return of traction control.
THE Federation de L'Automobile (FIA) announced today (Friday) that electronic driver aids could be re-admitted into Formula One as early as the Spanish Grand Prix in April.
ITALIAN Luca Badoer completed Ferrari's four-day testing program at Fiorano on Thursday as he continued work on new components for the 2001 season.
A number of shareholders in EM.TV have filed law suits against the company in Germany, claiming that the management concealed the real state of the firm's financial situation in an effort to keep the share price from falling.
FRIDAY's FIA World Motor Sport Council meeting in Monaco provided a dramatic illustration of just what a complex technopolitical ecosystem controls the Formula 1 business.
RICARDO ZONTA's was hampered during his first testing session for Jordan in Jerez -- by his seat rather than any mechanical problems.
LUCA BADOER continued Ferrari's preparations for the 2001 Formula One World Championship at Fiorano on Wednesday as he worked on new components and electronics.
BRITISH AMERICAN RACING's new recruit Olivier Panis set a flying lap early on Thursday to clock the fastest time in testing at a rain-drenched Jerez.
DAVID COULTHARD has backed the decision to hold the British Grand Prix at Silverstone for the immediate future and promised to make it a hat-trick of victories in his home event next year.
FERRARI - and its two customer teams Sauber and Prost - are poised to torpedo the proposal to reintroduce traction control to Grand Prix racing at Thursday's F1 Commission meeting in Monaco.
WHILE the Brazilian Congress debates the future of tobacco advertising in the country and there are warnings from motorsport people in Brazil that the Grand Prix could be threatened if the new law is voted through, which seems to be the most likely outcome at the moment.
DaimlerChrysler boss and McLaren F1 supporter Jurgen Schrempp has been under pressure of late because of the company's poor performance and as a result of legal actions from former Chrysler shareholders, is clearly not too worried about life.
MICHELIN's latest assault on F1 honors looks extremely promising, if the first two days of testing at Jerez are anything to go by.
OUR spies in the United States of America are reporting that a deal is very close for the Minardi team to be sold to an American investment bank. If that happens we believe that both Gabriele Rumi and Giancarlo Minardi will be out of the sport and that an entirely new team will be put together using Minardi's signature of the Concorde Agreement as the foundation for a team which would be based in Britain.
JAGUAR RACING boss Bobby Rahal's bold prediction that Juan Montoya could take F1 by storm as the best driver of his generation was given added credibility yesterday when the 24-year old Colombian stunned the entire pit lane at Jerez Wednesday by posting the second fastest time of the day, 0.2sec behind Rubens Barrichello's Ferrari and ahead of David Coulthard's McLaren-Mercedes, on the second day of the first winter test session.
JUAN PABLO MONTOYA underlined his competitiveness on Wednesday after the talented Colombian set the second fastest time of the day at a rain-soaked Jerez circuit.
TAKUMA SATO became the youngest Japanese driver to test a Formula One car on Thursday when he was given a chance in a Jordan during testing at Jerez, Spain.
YOUNG Finn Kimi Raikkonen was given his Formula One super licence by the Federation Internationale l'Automobile on Thursday and was immediately confirmed as a Sauber driver for the 2001 Formula One season.
WE hear whispers from Italy that Ferrari is about to recruit one of the top engineers from Tom Walkinshaw's Arrows team to help out with the engineering of Michael Schumacher's car next year.
Alex Zanardi is planning to rebuild his racing career in the United States of America next year at the wheel of a Mo Nunn Racing Honda-Reynard.
JENSON BUTTON completed his first day in a Benetton at the Spanish circuit of Jerez on Tuesday and insisted his desire to succeed next year is even higher than in his debut season with BMW-Williams.
AS investors begin to take stock of the situation after the collapse of EM.TV's value, the investors in the Deutsche European Partners fund, which is run by Morgan Grenfell Private Equity, are trying to discover how much money the fund has lost as a result of its F1 involvement in the deal.
DAVID COULTHARD ended an impressive day of testing in Jerez, Spain on Tuesday as he took advantage of an empty track to set the fastest time in his McLaren.
REGULATORS of the Frankfurt Stock Exchange say that they have begun looking at whether to launch a formal investigation into share trading surrounding EM.TV.
YOUNG Finn Kimi Raikkonen has said he will not let the Federation Internationale l'Automobile's decision over his superlicence application affect his test with Sauber at Jerez.
WEDNESDAY morning brought no respite for EM.TV on the Frankfurt Stock Exchange as the company's shares dropped another 22% in the course of the morning trading, dipping under 7 Euros ($5.90) in value for the first time as investors continuing to push for a change of management at the company.
RUBENS BARRICHELLO has admitted he is not looking forward to the prospect of traction control in 2001 -- but admitted that the new rules will be fair to all.
British American Racing have announced that they are to launch a driver development programme to work alongside the current test team in 2001.
British American Racing has successfully scooped all the attention in F1 circles this week when it comes to the question of encouraging young drivers.
According to sources in Germany Leo Kirch agreed to pay Thomas Haffa $550m for almost all of his 50% shareholding in Bernie Ecclestone's Formula One group of companies.
The Frankfurt Stock Exchange has continued to punish Formula One shareholder EM.TV in the course of Tuesday after an enormous 40% drop in value on Monday.
THOMAS HAFFA's EM.TV - or at the least the remains of it - is being threatened with legal action by some of its smaller investors who have lost large sums of money because of the company's collapsing share price in recent weeks.
THE ever-increasing importance of motor racing as a media business rather than as a sport has been highlighted in recent hours not only by Leo Kirch decision to buy into the Formula One group of companies but also by the announcement from the United States of America that CART has taken on a new chief executive in Joseph Heitzler, a former TV executive with CBS Sports.
THE Benetton team sometimes has a weird way of doing business.
FORMULA 1 boss Bernie Ecclestone is often involved in talks when teams are being sold and this week we hear Ecclestone was in New York talking to a large investment bank about buying the small Italian outfit which is currently floundering somewhat after the collapse of a deal between current owner Gabriele Rumi and the South American TV company PSN.
AS EM.TV's share price dived on Monday, the company announced plans to sell the rights to merchandise the characters from The Sesame Street educational TV program to a New York company called Sesame Workshop, which produces Sesame Street and The Muppet Show.
AS the Formula 1 team chiefs prepare to go to Monte Carlo later this week for a meeting of the Formula 1 Commission we hear that FIA President Max Mosley, who is against the proposal to allow more electronic systems in the sport, has circulated a letter to the teams suggesting that even more technology should be allowed - including traction-control, torque-steer systems, automatic starts and active-suspension.
EM.TV boss Thomas haffa thought that he had saved his company by making a deal with Leo Kirch. It was announced on Monday that Kirch has bought 16.74% of EM.TV and taken over almost all of Haffa's shares in Bernie Ecclestone's Formula One group of companies.
HOCKENHEIM have submitted plans for an $26 million redevelopment plan which will see the circuit reduced by 30 per cent.
FIA President Max Mosley is well known for his acute political skills, but his latest proposals for the Formula 1 Commission have left even the F1 team bosses a little breathless.
THE Renault car company is launching itself into the luxury car markets with the intention of going head-to-head with Mercedes, BMW and Jaguar.
BRITISH AMERICAN RACING announced on Monday the signing of young Briton Anthony Davidson as their official test driver for 2001.
THERE will be a lot of FIA activity in Monaco this week with the Formula 1 Commission meeting to discuss the rules of Grand Prix racing for the future and to decide other important issues such as whether or not Kimi Raikkonen is going to be granted a Superlicence.
IT will be some time before the financial details of the deal between Brands Hatch and Silverstone come to light but there is little doubt that Octagon, a subsidiary of the Interpublic Group and the owner of Brands Hatch, has taken agreed to a settlement which will see the British Grand Prix transferred to the Northamptonshire circuit for the next 15 years.
THE start of December traditionally marks a time of change in Formula 1 circles and this year in no exception.
THE most significant part of the announcement on Saturday that Silverstone has secured the British GP for the next 15 years was the fact that Silverstone is to be completely rebuilt.
ALTHOUGH the prime mover behind the Orange sponsorship of the Arrows F1 team Hans Snook is to stand down as chief executive of the company, the mobile phone firm is currently saying that the Formula 1 deal will continue.
BERNIE ECCLESTONE has been keeping busy in recent days with a trip to New York to try to sell the Minardi team to a large merchant bank and then a rush back to London for a meeting with the deputy chairman of the Kirch Group Dieter Hahn to discuss the details of a deal if Kirch as expected takes over the flailing EM.TV media company.
THE future of the British Grand Prix has been secured after a peace agreement between the Brands Hatch and Silverstone circuits.
THE main Coca-Cola company has taken on a new advertising agency for 2001 and it is interesting to note that the job has gone to the Interpublic Group, which is involved in motor racing via its ownership of the Brands Hatch racing circuit.
THE beleaguered German car company DaimlerChrysler AG has announced that it is cutting back production at its Chrysler facilities in the United States because of falling sales.
THE rumors have been around since last Spring that Ferrari team coordinator Nigel Stepney will be moving to Jaguar Racing in 2001 but the Milton Keynes team says that this is not the case - although denials of rumors by Formula 1 teams these teams can never be believed as more often than not they prove to be incorrect.
RICARDO ZONTA completed his first test for the Jordan team on Friday and reported no problems as he shook-down two chassis in wet conditions at the Silverstone circuit.
ARROWS first testing session ahead of the 2001 season turned into a wash-out at a rain-hit Silverstone circuit on Friday.
NEW Jaguar driver Luciano Burti will taste the Jaguar R-1B at Silverstone on Friday and the Brazilian is relishing the return of Formula One action.
IF anybody thought Jaguar Racing chairman Neil Ressler and his newly appointed CEO Bobby Rahal were not totally serious about the F1 business, then they'd better think again. Big time.
SINCE we reported exclusively three days ago that Arrows team manager Steve Nielsen had departed, the Arrows team has been denying that this was the case.
JAGUAR RACING Chairman Neil Ressler believes that the appointment of Steve Nichols as new Technical Director as successor to Gary Anderson will be extremely positive for the British team.
JAGUAR RACING has announced a major restructuring of its technical departments with technical director Gary Anderson and chief engineer Andy Le Fleming among those who are leaving with immediate effect.
THE FIA has issued its official entry list for the 2001 Formula 1 World Championship and while most of the names are as expected it is interesting to note that Arrows has nominated Jos Verstappen and Pedro de la Rosa and Sauber has nominated Kimi Raikkonen.
THE beginning of December marks the end of many of the Formula 1 contractual arrangements and traditionally there are a number of announcements resulting from this in the course of the days that follow.