Ford's Premier Performance Division CEO Niki Lauda has given 2003 as the deadline for seeing the team break out of the bottom half of the Formula 1 field rather than 2002.
The testing ban, which has kept the Formula 1 teams in check for the last 10 weeks, is over and testing can begin although it is not expected that there will be much action this week as teams decided to give their employees a break over the Christmas and New Year holidays.
The British Government's New Year's Honours List featured no recognition at all for the motorsport business - not even a medal for England's first World Rally Champion Richard Burns.
Reigning champion Michael Schumacher has sent a clear signal that he will not be best pleased to begin next season in the much-revised Ferrari F2001 with which he took victory in the Japanese Grand Prix last October.
French daily sports newspaper L'Equipe has named Michael Schumacher as their sportsman of 2001 just days after naming his team, Ferrari, as team of 2001.
Tom Walkinshaw has always had a lot of things on his plate.
British Honours are awarded on merit, for exceptional achievement or service.
The impact of Formula 1 in the United States of America is still minimal despite the positive reception of the sport in the last 18 months.
The Asiatech engine company's future is on the line in 2002.
The survival of Prost Grand Prix will get little air time in France in the next few weeks as attention in France turns to the annual Paris-Dakar extravaganza.
David Richards may have hit the headlines in his new role as BAR F1 team principal, but his decision to take over this role has dismayed some rally team chiefs who suspect he will not have sufficient time available to concentrate on his position as commercial rights holder for the World Rally Championship.
A stockbroker trading on his association with the late triple champion Ayrton Senna has been set a gigantic fine in the wake of a 'heinous' campaign of fraud.
Jacques Villeneuve has indicated that he will decide on whether or not to stay with British American Racing after his first test in the BAR 004 which starts at Barcelona's Circuit de Catalunya on 7 January.
The derelict oval circuit at Sitges-Terramar in Catalunya is preparing for restoration for a limited amount of historic events each year, to be renamed as the Motor Sport Resort.
Heinz-Harald Frentzen says that he has not signed any deal with Arrows - although he has admitted talking in depth to the team about a deal.
The organizers of the Malaysian Grand Prix are hoping to attract 100,000 spectators for the event in March and has been targeting a number of countries in the region in an effort to ensure that there is a larger crowd than there was last year.
Michael Schumacher will be joined by a whole host of Formula 1 talent in 2002 as the F1 paddock gets neighborly in Switzerland.
With all the sensible drives for 2002 now sorted out, the attention of the F1 team bosses and the driver managers will be shifting towards what will happen in 2003 with one or two variables which will make the market pretty interesting in the months ahead.
The complicated dealings of Europe's media companies may not seem to have much of an influence on the future of Formula 1 but they are rather more significant than they would appear to be.
Ferrari has been named team of the year by the French daily sports newspaper L'Equipe, easily outrunning the nearest challengers by taking nearly 28% of the vote.
As we suggested a month ago Heinz-Harald Frentzen is to drive for Arrows in 2002, although the announcement is still not official at the moment.
The Renault Sport Formula 1 team has lent its facilities to British hot air ballooning duo Andy Elson and Colin Prescott, who are aiming to set a new altitude record.
The big question being discussed in Formula 1 circles at the moment is how much Prodrive will have agreed to pay to buy out the partners in British American Racing.
The rebuilding work at the Hockenheimring in Germany will begin on January 2 with the $50m upgrading of the circuit which hosts the German Grand Prix.
Amid the financial and political maelstrom that is Argentina at the present time, former Brabham, Ferrari, Lotus and Williams F1 driver Carlos Reutemann, is reportedly considering running for the presidency.
World Champion Michael Schumacher's plans to set up home in the Swiss town of Wolfhalden have reportedly been deal a blow by the Swiss foundation for the maintenance and preservation of the landscape.
It is widely believed that the restructuring of the way in which television works in the years ahead will have a detrimental effect on the financing of the sport and many F1 marketing men are keeping a close eye on the media markets to see what developments are taking place.
There are stories circulating in F1 circles that the planned Russian Grand Prix in Moscow has run into financial trouble with F1 boss Bernie Ecclestone because he has asked for the majority of the money for the race to be paid upfront.
Racing legend Emerson Fittipaldi has injured himself on an evening bicycle ride near his Florida home.
Darren Manning has failed to make much of an impression in Formula 3000 in the last couple of years and until recently was looking to a future with the Premier 1 Grand Prix series.
The McLaren Mercedes team is trying to improve in all areas of performance for the year ahead but there is one specific area of development which the Woking team is concentrating on at the moment.
Last summer there were stories that Turkey was trying to put together a bid to host a Formula 1 Grand Prix. At the time it looked as though it might be related to the FIA elections which were due in September.
The current trend is for sons of famous 1970s drivers to try to make their way in the sport.
The South China Morning Post has confirmed that the proposed Formula 1 circuit near the planned motor city near Shanghai will be built with a view to attracting Formula 1 possibly by 2004.
Gerry Forsythe has not had a good week.
Understanding the motives of the Honda Motor Company in Formula 1 has never been easy.
Willi Weber has written on Ralf Schumacher's web site demanding that issues within the team should be straightened out man-to-man rather than through the media, which might strike some as the pot calling the kettle black...
Argentina's dreams of sending young racing drivers to Europe and rebuilding its once great reputation as a motor racing nation are in tatters following the recent economic problems in the country, which has enormous foreign debts.
The latest whispers from Milton Keynes are that Jaguar Racing's chief aerodynamicist Mark Handford may be on the move at the end of this month.
More bad news for F1 backers emerged today (22 December) with the news that Jaguar Racing's major sponsor HSBC faces potential $720 million losses as a result of the Argentina economy facing meltdown
Juan Pablo Montoya's trip to Brazil promoting the BMW Williams fuel supplier Petrobras brought about a meeting with Sid Mosca, a regular face in the Brazilian racing community.
The deal between Arrows and Jaguar racing over the Bedford windtunnel may not be going through as planned.
Although the production departments of the Formula 1 teams will remain flat out over the Christmas period, producing parts for the 2002 cars, the decision-makers in the sport are now beginning to drift away for their Christmas holidays and that means that political activity will die down for a while.
The Kirch Gruppe says it will ride the crisis if News Corporation boss Rupert Murdoch forces it to buy him out of the Pay-TV business Premiere next autumn.
Representatives of Honda and Toyota will be welcomed at the next meeting of members of the planned Grand Prix World Championship, which will take place in January.
The writing is on the wall at Guyancourt and Alain Prost is clearly worried.
On the heels of BAR's announcement that Honda has extended their partnership with the Brackley-based team for another three years, Jordan has revealed that they have two years remaining on a three year contract with Honda.
Niki Lauda has explained that his test outing at Valencia on 13 January will be a one-off and not a prelude to a regular test program for the Jaguar team's 52-year old team principal.
The coroner who investigated the death of course marshal Graham Beveridge said Thursday that his findings would not affect the race's future, and that he would not interfere with the 2002 event taking place.
Octagon Motorsport has announced plans to rebuild Silverstone's current pit complex to better accommodate spectators, while plans to build a new pit complex exclusively for Formula One, on the straight after Club corner, have been abandoned.
Jaguar Managing Director Niki Lauda plans to get behind the wheel of his team's new championship contender, the R3, in January in order to better understand the car.
CART announced Wednesday that its Board of Directors has elected Long Beach Grand Prix founder Chris Pook as its new president and chief executive officer, effectively immediately.
The celebrations are over and the bunting has been taken down and stowed away until the team's next new F1 car launch.
The Tilke company, which designs and oversees the building of racing circuits around the world, has revealed its plans for a new track in Bahrain.
BAR is to launch today and while there will be much attention on the name of the new team boss - David Richards - there will be some interest over who will be the test drivers for the team next season.
Perhaps lost in the excitement of a new car, a new Managing Director, a new long-term engine deal with Honda and a new test driver, BAR also announced at the launch of its BAR004 contender that sportswear manufacturer Brunotti has signed a sponsorship deal with the team.
Bernie Ecclestone, the most powerful man in formula one, took his private jet from Biggin Hill to Cologne yesterday in order to be present at the official unveiling of the all-new Toyota grand prix challenger which Mika Salo and Scotland's Allan McNish will debut in the Australian grand prix on 3 March next.
French Formula 3 Champion Ryo Fukuda has been confirmed as one of British American Racing's test drivers, signing a long-term contract.
The departure of Craig Pollock from British American Racing is likely to have a number of side-effects, not least the fact that Jacques Villeneuve's future with the team must now be questioned.
BAR revealed their 2002 chassis this morning, and it was announced, as expected, that David Richards is taking over as Team Principal.
Leonid Kuchma, the president of Ukraine, has vetoed a November 15 law which was intended to stop all alcohol and tobacco advertising in the country.
Jacques Villeneuve, the 1997 world champion, could quit as team leader of British American Racing after his mentor Craig Pollock was forced to resign as managing director earlier this week.
One has to feel a little bit sorry for Craig Pollock.
Toyota's competition headquarters at Cologne was the scene of the official unveiling of the new TF102 Grand Prix challenger this morning which will see World Championship competition for the first time on 3 March.
Craig Pollock announced Monday that he will step down as Managing Director and Team Principal of BAR to pursue other interests.
Takuma Sato has been busy lapping Brazil's Interlagos circuit in a Formula 3 car in readiness for his first appearance at the circuit in 2002 as a Formula 1 driver.
Toyota Motorsport announced during the launch of their TF102 Monday, that AOL Time Warner has become an official team partner.
Williams BMW announced Monday that they have signed Brazilian Antonio Pizzonia as an official test driver for 2002 to assist Marc Gene with testing duties.
Alex Zanardi has stood up with artificial limbs for the first time since his accident in September.
The FIA Prize-giving gala took place at the Monte Carlo Sporting Club on Friday night with all the FIA World Champions being honored for their achievements in 2001.
Formula 1 is not getting sponsorship from as many global brands at it should be getting, according to some of the top marketers in the sport.
The latest word from South Africa is that the Kyalami circuit in the suburbs of Johannesberg is to be redeveloped once again with half the current circuit being sold off for a housing development, leaving a track which will be only about two miles in length.
The Minardi team was very happy this year with the performances of Fernando Alonso and is now looking at a series of other young men who have done well in the Formula Euro Open Telefonica by Nissan series.
The Prodrive company and the British government are working together to examine new environmentally-friendly forms of national motorsport for the long term.
David Richards, the commercial rights holder of the World Rally Championship, is to step back from his day-to-day involvement in the organization of the series.
The World Motor Sport Council meets in Monaco today and all the issues of the moment will be sorted out - probably without much drama.
The British Grand Prix received the go ahead for 2002 from the FIA World MotorSport Council in Monaco today.
The FIA World Motor Sport Council meets in Monaco later today with the big issue being whether or not the British GP will get a place on the 2002 calendar.
There are suggestions in France that Prost test driver Jonathan Cochet might be signed up by Arrows. This would only come about if France Telecom, the owner of title sponsor Orange wanted Cochet in one of the cars.
Formula 1 will be given massive radio coverage in the United States next year with plans for a syndicated live two-hour broadcast from every Grand Prix starting in Melbourne in March.
Niki Lauda's revamping of the Jaguar Racing Formula 1 team continues with two new key appointments.
Jim Wright, the marketing director of Williams F1 says that F1 teams need be more "creative and sensitive" as Formula 1 heads towards a future without tobacco sponsorship.
The State of Bahrain Ministry of Works has revealed details of the racing circuit it is building on a 400 acres site. The track, which has been designed by the German engineering company Tilke, will have a variety of different configurations including a dragstrip and two short circuits which can operate independently of one another.
F1 frontman Bernie Ecclestone has threatened that the Belgian Grand Prix could be cut from the 2003 F1 calendar if the government imposes a national ban on tobacco advertising.
Jordan Grand Prix announced Thursday that Brother International has extended its sponsorship deal with the team through the 2003 season.
CART, America's "most advanced form of auto racing" could be given a name change as part of a marketing review by the open-wheel series brand.
F1 commercial rights holder and media group Kirch sustained another body blow to its credibility today (13 December) when Rupert Murdoch's BskyB organization admitted it is poised to write off its $2 billion stake in the ailing German company which is battling against huge debts.
ACEA, the European association of automobile manufacturers, is the organization behind plans to launch a Grand Prix World Championship in 2008.
The future of Jaguar Racing is in safe hands the UK-based F1 team's director of marketing told delegates at the Motor SportBusiness Conference in Monte Carlo.
Although the deal has yet to be announced we understand that BP will be backing Jaguar Racing in 2002 but it will be doing it with the Castrol brand rather than the main BP company.
It may be ancient history in the fast-moving world of Formula 1 but it is worth mentioning that Morgan Grenfell Private Equity investors are suing EM.TV in an effort to recover some of the money which was lost after EM.TV's shares tumbled last year.
Renault has announced plans to help the careers of various young drivers in the years ahead and has selected Eric Salignon (France), Robert Kubica (Poland), Fabio Carbone (Brazil) and Carlo Van Dam (Holland) as its chosen drivers. The four drivers are at different stages of their F1 careers.
Motor Sport needs to rethink its marketing messages if it wants to stay in pole position as a sponsorship vehicle according to a panel of leading marketers from both sides of the Atlantic.
The flurry of activity in recent days about the future of the British Grand Prix may be over.
The European car companies may be talking big about starting their own Grand Prix championship but the industry is worried about what cuts will be needed as a result of the current recession.
"The Forge GP", a charity Karting race held through the streets of South Beach on December 5th may have been more meaningful than might first appear.
France Telecom is trying to take over the German mobile telephone company Mobilcom AG, in which it holds a 28.5% shareholding.
Bernie Ecclestone recently flew a number of the Formula 1 team principals down to the Paul Ricard circuit in the south of France to try to convince them to send their test teams to the circuit in the months ahead.
It is being reported that the Formula 1 teams discussed limiting the cars to two engines per Grand Prix event at last month's Technical Working Group meeting.
Avon Rubber, once a Formula 1 tire manufacturer and today the tire supplier for Formula 3000, has announced that it made a loss in 2001 and has decided to close its factory in Trowbridge, England with the loss of 285 jobs.
BAR is believed to be interested in replacing 2001 test driver Takuma Sato with another Japanese driver, possibly Toshihiro Kaneshi, after Sato was signed by Jordan to drive alongside Giancarlo Fisichella in 2002.
Claudio Berro, who has been head of Ferrari's press office since 1997, is the new head of the competition department of Maserati and the word on the street in Italy is that the company (which is a Ferrari subsidiary) is planning a sports car program to support its sales drive.
Our spies within the upper echelons of Formula 1 have finally managed to uncover what happened in last week's shenanigans over the numbering system for 2002.
Imperial Tobacco is reported to be getting ready for a $5bn bid for the Reemtsma tobacco company, the primary sponsor of the McLaren F1 team through its West cigarette brand.
The Kirch Group, which controls the Formula 1 group of companies, is trying to find a way of restructuring its debts because the Dresdner Bank is demanding that one of the firm's outstanding debts be paid by the end of this month.
Rupert Murdoch's News Corporation does not usually make comments on media reports about its activities but has decided that it would be better to deny that it has any plans to mount a hostile takeover bid for the Kirch Group.
China formally joined the World Trade Organization on Tuesday and that will have major implications for global trade in the years ahead as the country opens up for business with the West.
The Hockenheim circuit could start rebuilding work in January and the organizers of the German GP say that the new track layout could be ready to be used in time for the 2002 event in July.
The Austrian Grand Prix is to continue until 2006.
The promoters of the British grand prix yesterday played what they hope will be their trump card in a bid to head off a possible downgrading of next year's race to non world championship status.
A safety engineer has told the Melbourne Coroner's Court that he believes the safety barriers in Albert Park were not high enough to cope with Formula 1 accidents.
Ralf Schumacher says he will be racing with spectacles next season.
As regulators around the world struggle to find ways to stop cigarette advertising evidence is emerging in the United States that forcing tobacco companies away from traditional forms of advertising and sponsorship is only pushing them to explore new areas, specifically the Internet.
Scuderia Ferrari put on a show for the fans at the Bologna Motor Show with test driver Luca Badoer again demonstrating the F2001 in front of an estimated 40,000 fans.
The Melbourne coroner Graeme Johnstone said in court on Friday that he may end up having to be "critical of the FIA's management of safety issues" at the end of the inquest into the accident in Albert Park in March next year.
Alain Prost has indicated that the new AP05 design may not be ready for the first race of the new season.
Peter Sauber's team has been named "Team of the Year" in Switzerland's annual sporting awards.
The British Tobacco Advertising and Promotion Bill has run into trouble in the House of Lords over whether airlines should be allowed to advertise cigarettes or not.
Williams's title sponsor Compaq is in the process of being swallowed up by rival Hewlett-Packard but the deal has been hit a major snag as HP's chief shareholder The David and Lucile Packard Foundation, has announced that it is opposed to the deal.
Paul Stoddart has spent the last couple of days in Malaysia and had a brief but successful meeting with the Prime Minister Dr. Mahathir Mohamad.
Rupert Murdoch, the boss of News Corporation, is considering a bid to buy the entire Kirch Group. If that were to happen Murdoch would become the owner of the Formula One group of companies.
Someone somewhere decided that the numbering system in Formula 1 should be changed from the system which has existed since 1995.
Alex Zanardi has been in a wheelchair since he left hospital in Berlin but the Italian former F1 driver is now looking forward to being fitted with artificial legs so that he begin the process of learning how to walk again.
The image of Brazil has been badly tarnished by the murder of America's Cup yachtsman Peter Blake, during an environmental expedition up the Amazon River.
Eddie Cheever has confirmed that he has a deal to use the technical facilities of the TWR Group, the sister company of the Arrows Formula 1 team.
The FIA has received requests from a number of F1 teams that the race numbers for the 2002 FIA Formula 1 World Championship should follow the order of the previous year.
Following hot on the heels of Silverstone's possible problems over the future status of the British Grand Prix comes news that the long-term prospects for the San Marino Grand Prix at Imola might also be in jeopardy.
As we speculated as long ago as last May, British Petroleum is rumored to be entering Formula 1 in 2002 and the recent announcement that Texaco is stopping its involvement with Jaguar Racing would seem to suggest that this is where BP will end up.
The cars will be new in 2002 but the main contenders for the International Formula 3000 series are not going to change.
Roger Penske has abandoned CART and will run two cars in next year's Indy Racing League.
There is much speculation at the moment about the future supply of engines in CART but we hear from the United States that Cosworth Racing is bidding for a deal to supply one engine to the entire field.
Jordan Grand Prix has responded to our story that Benson & Hedges will not be the team's title sponsor next year by saying that "the FIA requested to have the teams' entries at a time when Jordan is still in discussion with a number of companies, including B & H, about the level of their sponsorship for 2002".
BMW chairman and chief executive Joachim Milberg is to retire at the company's annual meeting next May after three successful years running the company.
In recent years Petronas has funded most of the growth of the automobile industry in Malaysia.
It is not surprising that the Malaysian state oil company Petronas is tipped to be buying the Sepang Formula One circuit.
There was no great surprise in Formula 1 circles when the Premier 1 organized that it has shelved plans to launch the new F1-lookalike series until March 2003.
There are unconfirmed reports that Ralf Schumacher is to be charged with careless driving after his recent accident on the autobahn near Cologne.
Any serious Formula 1 fan will tell you that the first race to F1 rules was held in September 1946 on the streets of Turin in Italy and that the Valentino Grand Prix was won by veteran Achille Varzi of the factory Alfa Romeo team.
Yet again the British Grand Prix at Silverstone could be under threat in the wake of renewed speculation that the sport's governing body is poised to drop the race from the 2002 world championship calendar.
Joseph Heitzler is no longer president and chief executive of Championship Auto Racing Teams but he will remain as the chairman of the board of directors.
Cosworth Racing, the engine-building arm of the Ford Motor Company's Premier Performance Division, is to build a four-stroke motorcycle engine for the Italian motorcycle firm Aprilia.
Bryan Herta wants to become America's next Formula 1 driver and was recently in England to talk to a variety of F1 teams about a possible job as a test driver.
Eddie Jordan continues in his efforts to become the Irish version of Virgin boss Richard Branson, building up the Jordan brand in his native country.
There has been a lot of complaints amongst the F1 teams about the numbering system which goes against the established norm of the teams being listed in the order in which they finished the Constructors' Championship the previous year.
Prost Grand Prix will go back to the Tribunal de Commerce of Versailles on Friday to examine the four offers which have been made for the team.
Ralf Schumacher had a shunt last week on a German autobahn, crashing a BMW 7 Series into the back of another car and punting it into the car ahead.
Jaguar Racing fuel supplier Texaco has decided to pull out of Formula One after a recent merger with Chevron.
The Formula 1 driver market is currently waiting to see what happens with Prost Grand Prix.
The managing-director of Prost Grand Prix Joan Villadelprat is rumored to be on Renault Sport's shopping list if he decides not to stay with Prost.
The FIA entry list as issued is as follows although there is a curious switch from the normal arrangements as the teams are not completely in the order in which they finished the 2001 World Championship.
European Minardi F1 chief, Paul Stoddart, has once again bucked apparent commercial trends by announcing that his European Aviation company has purchased five Boeing 747-200 aircraft from British Airways and will shortly begin operating them commercially.
The crowds at the 2001 Malaysian Grand Prix was rather disappointing in size and the organizers are hoping that a new fast rail link between the Kuala Lumpur International Airport and downtown Kuala Lumpur Sentral station will help to bring more people out to the track from the city.
The FIA has issued the provisional entry list for the 2002 Formula 1 World Championship and the only big surprise is that Mild Seven is still the major sponsor of the Renault Sport team.
The FIA Formula 1 entry list always reveals a few little secrets and it is significant that Jordan's entry for 2002 does not list a title sponsor.
The chief national steward of the Australian Grand Prix Garth Wigston says that no-one can be blamed for the accident in Albert Park last year when a trackside marshal was hit by a flying wheel.
The inquest into the death of safety Marshal Grahm Beveridge at last year's Australian Grand Prix began Monday. Beveridge was killed when a wheel from Jacques Villeneuve's BAR passed through a gap in the safety fence after an accident with Ralf Schumacher.
F1 overlord Bernie Ecclestone applied a touch of the brake to the aspirations of the major car makers at the end of a week in which they have threatened to start their own independent series in 2008 unless a new commercial rights deal can be concluded.
This week's announcement of the establishment of a company called GPWC to organize a new World Championship in 2008 does not look like posturing by the automobile manufacturer.
Juan Pablo Montoya and Ralf Schumacher represent the strongest driver pairing in the F1 business according to Gerhard Berger, the Director of BMW Motorsport Limited.
Bridgestone Motorsport is auctioning a T-shirt signed by its 2001 drivers in order to raise money for the Taplow Traffic Charity Trust.
The troubled EM.TV company is beginning to recover, having got rid of most of its shares in Formula One. The company posted a third-quarter profit of $5.9m.
Plans by the new Premier 1 Grand Prix circus to visit Argentina sounded interesting but the financial troubles in Buenos Aires look increasingly likely to halt the idea - even if the series does get off the ground.