NEWS ARCHIVE

31 MARCH 2003

HEIDFELD GETS TO DRIVE A MCLAREN

Nick Heidfeld was signed up on a longterm McLaren-Mercedes option back in 1999 but he was passed over when Kimi Raikkonen moved in to take the available McLaren drive.

WILSON WILL BE FINE FOR BRAZIL

Minardi driver Justin Wilson is back to full fitness after his problems with HANS in Malaysia.

NEW MCLAREN TO BEGIN TESTING NEXT WEEK

The all-new McLaren-Mercedes MP4/18 is due to begin testing after the Brazilian Grand Prix.

SATO SIGNS UP WITH CASTROL

Takuma Sato has signed a personal sponsorship deal with Castrol for the 2003 season. The deal is with Castrol Japan and Sato will appear in advertising and promotional campaigns in Japan endorsing Castrol products.

MONTAGNY DOMINANT

Franck Montagny, the Renault F1 test driver, finished second in the Nissan World Series last year and has given notice that this year he intends to win the title. The Frenchman won both races at the opening round of the championship at Jarama on Sunday in his Gabord Competition entry.

30 MARCH 2003

SHOULD ALL THE TEAMS SWITCH TO FRIDAY TESTING?

The good performance of the Renault team in Malaysia had a lot to do with the fact that the team had an extra two hours of testing at the circuit on Friday morning - at least that is what Renault team boss Flavio Briatore is claiming.

SCHUMACHER'S NEW LAP RECORD AT FIORANO

Part of Ferrari folklore is that the lap record at Fiorano is broken every time the team produces a new Formula 1 car.

TURKEY ON THE BRINK OF AN F1 DEAL

Turkey is believed to be close to announcing a deal to host a Grand Prix at a completely new circuit near Istanbul. The new facility will be close to the new Pendik-Kurtkoy Airport, on the eastern side of Istanbul.

THE FUTURE OF THE BRITISH GRAND PRIX

The British Racing Drivers' Club is worried that the future of the British Grand Prix at Silverstone is in doubt.

29 MARCH 2003

AMERICANS TO THE FORE IN FORMULA 3000 TEST

Some of the Formula 3000 teams were in action during the week at Jerez de la Frontera and the results of the test suggest that American drivers Townsend Bell and Derek Hill are going to be in a position to make waves in the series this year.

28 MARCH 2003

THE FIA AND DRIVER AIDS

The FIA has informed the Formula 1 teams that launch control, traction control and fully-automatic gearboxes are not going to be properly policed until the start of the 2004 season.

ECCLESTONE CONTINUES CAMPAIGN AGAINST QUALIFYING

Bernie Ecclestone said he did not like the new qualifying arrangements in Formula 1 as soon as the Australian Grand Prix was over, and he is continuing his campaign to get them changed.

27 MARCH 2003

A COURT ACTION IN BELGIUM

A legal action aiming to force Formula 1 to race at Spa this year has been dismissed by a court in Verviers, Belgium.

CHEEVER TAKES OVER TWR ENGINES

Former F1 driver Eddie Cheever is expanding his racing empire.

THE POLITICS OF CART AND THE GPWC

The news that Bernie Ecclestone is considering buying control of the CART series sends a strong message to the Grand Prix World Championship (GPWC) that Ecclestone is not going to give up his hold on F1 without a fight.

DE FERRAN OUT WITH A BACK INJURY

Indy Racing League star Gil de Ferran will be out of action for at least a month following a big crash in the Phoenix 200 on Sunday.

26 MARCH 2003

CAN WE HAVE OUR BANNER BACK PLEASE...

Last winter Jos Verstappen fans decided to come up with the idea of taking a huge banner to every Grand Prix, proclaiming "Overtaking is an art" and featuring a picture of Jos Verstappen's eyes.

DON'T WORRY ABOUT BARRICHELLO...

Rubens Barrichello does not like the HANS device although he accepts that it is a step forward in safety. The problem he has had is that he has yet to find a set-up which he finds comfortable. However he is going to need to do that quickly...

MEANWHILE IN GLITZY EGHAM...

Egham is not famously glamorous, but the town in Surrey, which is in effect a suburb of London, is leafy and filled with well-heeled people and this is probably the explanation of why it has become the home of the world's largest Ferrari and Maserati showroom.

KEEP BEHRING IN MIND...

Oliver Behring, the man who wanted to rescue Arrows at the end of last year, says that he has not given up the idea of entering a team in Formula 1.

25 MARCH 2003

IS RENAULT REALLY A CONTENDER?

The performance of the Renault Formula 1 team in Malaysia was impressive although it was clear that the team was running less fuel in qualifying than its major contenders.

FIA STANDS BY HANS DEVICE

The FIA has confirmed that it will stick with its desire for all Formula 1 drivers to use the HANS device.

DR. MAHATHIR TALKS UP THE GRAND PRIX

Malaysian Prime Minister Dr. Mahathir Mohamad used the Malaysian Grand Prix to illustrate that his country is safe for foreign tourists, despite the fact that there are strong anti-American and anti-British feelings in Malaysia.

JAGUAR'S DEAL WITH PIONEER

Jaguar Racing has just concluded a multi-year technical partnership with Pioneer Automotive Electronics Sales Inc.

VOLKSWAGEN ANNOUNCES SECOND BEST RESULTS IN HISTORY

The Volkswagen Group has just announced its second best results in the history of the company.

FERRARI AND ACER

For some time there has been speculation as to what will happen with the former Prost Grand Prix backer Acer, which has been keen to maintain a presence in Formula 1.

24 MARCH 2003

RACE REPORT - KIMI PROVES A POINT...

Malaysian Grand Prix - Sunday Race Report

FUNDING A GRAND PRIX WITHOUT GOVERNMENT MONEY

With the huge new deals which have been concluded by Formula 1 boss Bernie Ecclestone with the promoters of the Chinese and Bahrain Grand Prix, some of the European races are beginning to feel the winds of change.

A CHANGE AT WILLIAMS

There have been rumours for some weeks of a change in the technical structure at Williams.

WILSON BACK HOME

Justin Wilson flew into Heathrow on Monday evening clutching X-rays of his neck and shoulders which he admitted were still "very sore".

FALCON STRUGGLING

Falcon Cars, the American attempt to take on Dallara and GForce in the Indy Racing League which was being put together by former F1 men Mike Kranefuss and Ken Anderson has failed to sell any of its cars for this season - at least to date

23 MARCH 2003

RACE NOTES - RAIKKONEN TAKES FIRST WIN IN MALAYSIA

Malaysian Grand Prix - Sunday Race Notes

SUNDAY PHOTOS

Malaysian Grand Prix - Sunday Photos

WILSON IN HOSPITAL

Justin Wilson's Malaysian Grand Prix ended with the 24-year-old British driver being taken off to hospital after he lost all feeling in both arms because of an ill-fitting HANS device.

QUOTE OF THE WEEKEND

David Richards of BAR came up with the best remark of the Malaysian Grand Prix weekend.

RACE RESULTS

Malaysian Grand Prix - Sunday Race Results

MINARDI TO RUN MALAYSIA FOR PEACE LOGOS

The Minardi team is to run with Malaysia for Peace logos on the sides of the cars this afternoon. The team, which had backing from Malaysia last year,

PEACE TO BE A THEME AT SEPANG?

The Malaysian government is strongly opposed to the war against Iraq and has called on the international community to condemn the actions of the United States, Britain and their allies.

22 MARCH 2003

QUALIFYING REPORT - ALONSO ON POLE, RENAULT FRONT ROW

Malaysian Grand Prix - Saturday Qualifying Report

SATURDAY PHOTOS

Malaysian Grand Prix - Saturday Photos

SHANGHAI GEARS UP FOR F1

The organisers of the planned Chinese Grand Prix were in Malaysia to look at the facilities at Sepang and to learn more about how each Formula 1 race operates.

ANOTHER HILL

It seems that Formula 1 is rarely without someone called Hill. Now Phil Hill's son Derek is making a serious bid to move up into F1.

BERNIE AND CART - A DECISION SOON

The CART Champ Car authorities are saying that a deal with Bernie Ecclestone could be concluded within a matter of two weeks.

QUALIFYING RESULTS

Malaysian Grand Prix - Saturday Qualifying Results

WARMUP RESULTS

Malaysian Grand Prix - Saturday Warmup Results

PRACTICE RESULTS

Malaysian Grand Prix - Saturday Practice Results

PETRONAS UNVEILS MOTORSPORT TECHNICAL CENTER

The Malaysian oil giant Petronas has opened its new Motorsports Technical Center within the Petronas Research and Scientific Center near Kuala Lumpur.

A SPAT IN MELBOURNE

There are fears in Australia that plans for the Australian Open tennis tournament to be held within a week of the Australian Grand Prix will lead to a loss of corporate dollars for one or both events.

21 MARCH 2003

QUALIFYING REPORT - FERRARI LEAD THE WAY

Malaysian Grand Prix - Friday Qualifying Report

YOONG FINDS A RIDE IN CART

Malaysian racing star Alex Yoong is hoping that an outing this weekend in CART in Mexico will put him back into the spotlight in Malaysia and help him to find the money he needs to pay for a full season in Champ Cars.

F1 BOSSES SPEAK OUT ON ARBITRATION CASE

Jaguar Racing's John Hogan has spoken out on his views about McLaren and Williams going to arbitration over the recent reinterpretation of the Formula 1 rules.

WILSON PLC NETS $750,000 SO FAR

Justin Wilson plc has so far raised $750,000 from its initial public offering on the London Stock Exchange. This means that the 24-year-old from Sheffield is well on his way to reaching the $2m he is looking for to secure his Minardi drive this year.

FRIDAY PHOTOS

Malaysian Grand Prix - Friday Photos

F1 EYES IRAQ

The Formula 1 circus was looking closely at the developing situation in Iraq on Thursday and Friday but the attitude in the paddock is that the event should go ahead.

QUALIFYING RESULTS

Malaysian Grand Prix - Friday Qualifying Results

PRACTICE REPORT - COULTHARD FASTEST IN THE MORNING

Malaysian Grand Prix - Friday Practice Report

PRACTICE RESULTS

Malaysian Grand Prix - Friday Practice Results

TESTING REPORT - RENAULT DOMINATES FRIDAY TEST

Malaysian Grand Prix - Friday Testing Report

TESTING RESULTS

Malaysian Grand Prix - Friday Testing Results

20 MARCH 2003

BADOER RESTING AFTER HIS ACCIDENT

Luca Badoer, the Ferrari third driver, did not make the trip to Malaysia in order to have some time off after his most recent crash while testing the new Ferrari F2003 GA.

RENAULT TO BUILD CONVENTIONAL V10

Renault engineers in Paris have embarked on a research and development programme to design and build a completely new V10 engine to replace the current wide-angled unit

US GOVERNMENT ATTACKS BIG TOBACCO (AGAIN)

The US Department of Justice is suing the big tobacco companies for damages amounting to $289bn, seeking reparation for 50 years of what it claims to have been fraudulent marketing.

BAHRAIN SENDS HEAVY-HITTERS TO MALAYSIA

Sheik Fawaz bin Mohammed Al Khalifa, the President of Bahrain's Organisation of Youth and Sport will be in Malaysia this weekend along with key staff from the Bahrain project.

KARL KLING 1910-2003

Karl Kling was one of Mercedes-Benz's best known drivers in the early 1950s but his career suffered when the company withdrew from the sport after the Le Mans disaster in 1955.

MOSLEY CALLS OFF MALAYSIAN VISIT

The President of the FIA Max Mosley has cancelled his planned trip to Malaysia.

WHACKING BONUSES FOR MONTEZEMOLO AND TODT

Ferrari has announced that it paid out a $19.2m bonus to chairman Luca di Montezemolo and a $3.2m payment to Jean Todt, the managing-director of the Formula 1 programme to recognise the contributions of both men.

19 MARCH 2003

MALAYSIAN GP PREVIEW

Malaysian Grand Prix - Preview

BRDC REACTS TO RUMOURS

The British Racing Drivers' Club has given details of its relationship with Octagon Motorsports and its plans for the future.

MOTOR RACING IN SWITZERLAND

Motor racing has been banned in Switzerland since the Road Traffic Act of December 1958. This was as a result of the Le Mans disaster in 1955 when around 80 people were killed when a Mercedes-Benz sports car crashed into the crowd during the Le Mans 24 Hours.

18 MARCH 2003

PULLING OUT OF MALAYSIA...

Although the Formula 1 teams are already in place in Kuala Lumpur in preparation for the Malaysian Grand Prix on Sunday, the expected onset of war in the Gulf, coupled with a new threat posed by a mysterious pneumonia-like virus in Asia.

JEAN-LUC LAGARDERE 1928-2003

Jean-Luc Lagardere, the man who led Matra to World Championship success in Formula 1, has died at the age of 75.

EVERYONE CONFIDENT AS F1 HEADS TO SEPANG...

The usual avalanche of race previews has been inundating Formula 1 journalists in recent days and while these communiques help websites fill their never-ending empty pages they are all lacking somewhat in substance.

17 MARCH 2003

AS WE WAIT FOR WAR...

The outbreak of war in Iraq is unlikely to have much of an effect on the motor racing world - at least in the short term.

RED BULL REVEALS FULL PACKAGE FOR 2003

The Red Bull Junior Team has been officially launched for the 2003 season with 14 drivers from four countries competing for Red Bull in nine different European racing series.

SORTING OUT KARTING

Most of the Formula 1 stars of today come from the world of karting and in recent weeks this has been in tumult because of a dispute between the major kart manufacturers and the international karting federation, the CIK-FIA.

CANADA'S TSN DUMPS SPEED CHANNEL FEED

The Canadian broadcaster TSN has abandoned its brief experiment using the Speed Channel feed and will revert to the British ITV commentary. TSN has used British feeds for almost 10 years.

ADVENTURES AT SEBRING

The 51st 12 Hours of Sebring took place over the weekend and was won by Reinhold Joest's Infineon Audi R8 driven by Frank Biela, Marco Werner and Phillip Peter

16 MARCH 2003

HARD TIMES AHEAD FOR AUTOMOBILE MANUFACTURERS

The credit rating agency Moody's Investors Service says that the automobile manufacturers are facing a tough year in 2003 with forecasts of sales being lower than in 2002.

BERGER AND VOLKSWAGEN

Gerhard Berger is being linked to a possible Formula 1 return with Volkswagen. Berger has quit BMW, saying that he wanted a rest and time with his family but he also added that he might not be finished with F1 in the longer term.

15 MARCH 2003

THE BRITISH RACING DRIVERS' CLUB IS 75

This week marks the 75th anniversary of the first meeting of the BRDC, which took place in London in 1928.

MERCEDES'S NEW SAFETY CAR

Mercedes-Benz has been the official supplier of the Safety Car to F1 since 1997, and this year the new CLK 55 AMG coupe has taken over the job with Bernd Maylander once again at the wheel.

FISICHELLA BACKTRACKS...

Giancarlo Fisichella says that reports in the media about him planning to leave Jordan have been blown out of proportion but he is not saying that he will stay where he is next year.

14 MARCH 2003

BERNIE AND THE BRITISH GP

A few days ago Bernie Ecclestone was accusing the automobile manufacturers of destabilising F1 now he is being accused of the same thing with the British Grand Prix by Martin Brundle.

FORMULA 1 EQUIPMENT ARRIVES IN KL

The Formula 1 teams and equipment has been arriving in Malaysia in the last few hours with the special charters which the F1 teams use arriving at the Kuala Lumpur International Airport.

MOSLEY AND ECCLESTONE DISAGREE OVER RULE CHANGES

While the FIA President Max Mosley has been saying that the revised Formula 1 regulations helped produce a better race in Melbourne, the man in charge of the F1 commercial rights, Bernie Ecclestone is arguing the opposite.

13 MARCH 2003

INTERPUBLIC LOOKS TO WITHDRAW FROM SILVERSTONE

The Interpublic Group of companies has officially informed the British Racing Drivers' Club that it is looking for a way out of its involvement in Silverstone, via its Octagon subsidiary.

MR PRESIDENT...

The president of Italy Carlo Azeglio Ciampi visited the Ferrari headquarters at Maranello for a tour of the company's F1 team.

DUBAI LOOKING AT LONGTERM F1 BID

Even as Bahrain builds its Formula 1 circuit for a race in 2004, the rival project in Dubai - dubbed the Dubai Autodrome and Business Park - is under construction.

12 MARCH 2003

THE END FOR MATRA AUTOMOBILES

The last few days have been significant for students of Formula 1 history as it has been announced that Matra is to finally get out of the automobile business.

FISICHELLA PUTS HIMSELF ON THE MARKET

It may seem a little early for the start of the silly season but it actually kicked off a couple of weeks ago with rumours that Ralf Schumacher would be talking to Toyota in the midseason. Now Giancarlo Fisichella says that he going to be on the market at the end of the year.

SPEED CHANNEL'S F1 RATINGS

Speed Channel, which recently signed a three-year deal with Bernie Ecclestone to cover Formula 1 in the United States of America, recorded a respectable 0.54 rating for the race coverage in the course of Saturday night.

AUTODELTA RETURNS

Autodelta was a famous name in racing throughout the 1960s, 1970s and 1980s. The Alfa Romeo racing department was successful at many levels and in 1979 entered F1 with a factory Alfa Romeo team. This lasted until 1985 when Alfa Romeo was taken over by Fiat and withdrew from F1.

RED BULL EXPANDS DRIVER SCHEME IN 2003

The Red Bull Driver Search, which aims to get American drivers into Formula 1 in the years ahead, will be bigger and better in 2003. The launch of the new programme, held as Sardi's Restaurant on 44th Street in New York, was attended by Tony George amongst others.

WALKER FOR THE TARGA TASMANIA

Murray Walker, the celebrated British TV commentator, is to partner Australian motorsport veteran Colin Bond on the Targa Tasmania.

11 MARCH 2003

AN INTERESTING THOUGHT...

Formula 1 was on the verge of becoming a fuel economy formula. With diminishing returns being gleaned from a stable set of regulations and the difficulty of overtaking on the track, races were being decided more and more by the refuelling strategies.

BADOER HAS HOSPITAL CHECK-UP AFTER SHUNT

Luca Badoer went off while testing this morning at Mugello at around 125mph and although the Ferrari test driver was able to climb from the car unaided after the crash it was decided that he should undergo a check up.

FERRARI OFFERING MICHAEL A REDUCED SALARY?

According to press reports in Germany Michael Schumacher is being offered only $30m a year for a new contract to take his relationship with Ferrari beyond the end of next year.

CART ACQUIRES MIAMI RACE

CART has bought the Raceworks company which runs the Miami Grand Prix. This means that the future of the race is virtually guaranteed as Raceworks had a 15-year licence to run a street in the city.

DE LA ROSA TO TEST FOR MCLAREN THIS WEEK?

The word on the street in F1 circles is that Pedro de la Rosa will test for McLaren this week at Jerez de la Frontera.

BARRY SHEENE 1950-2003

Barry Sheene was a major figure in motorcycle racing, who won the World 500cc Championship in 1976 and 1977, but who truly found fame with his gritty recoveries from appalling accidents. He was, in some respects, the Niki Lauda of the motorcycle world.

10 MARCH 2003

DID JACQUES DO IT ON PURPOSE?

Jenson Button was massively upset after the Australian Grand Prix having had his race ruined by huis team-mate Jacques Villeneuve having come into the pits in front of Button. Jacques had been due to pit on the previous lap but failed to appear.

9 MARCH 2003

RACE REPORT - ALL NOT CLEAR IN ALBERT PARK

Australian Grand Prix - Sunday Race Report

SUNDAY PHOTOS

Australian Grand Prix - Sunday Photos

WHAT HAPPENED AT BAR?

Jenson Button was extremely unhappy at the end of the Australian Grand Prix, because his race had been totally spoiled by Jacques Villeneuve, his own team mate.

FORMULA 1 GETS A BOOST

There were fears before the Australian Grand Prix that another dominant performance by Ferrari would lead to a major drop in interest in the sport and a fall in the TV ratings.

RACE NOTES - COULTHARD WINS ACTION PACKED AUSTRALIAN GP

Australian Grand Prix - Sunday Race Notes

RACE RESULTS

Australian Grand Prix - Sunday Race Results

8 MARCH 2003

QUALIFYING REPORT - A BAD DAY FOR MICHAEL

Australian Grand Prix - Saturday Qualifying Report

SATURDAY PHOTOS

Australian Grand Prix - Saturday Photos

HIGH SECURITY MELBOURNE

As the Formula 1 final qualifying was getting started in Melbourne there was a problem in the public area behind the main grandstand when a suspect package was spotted.

MINARDI'S RULE GAMBLE

The Minardi team is rarely off the back row of the Formula 1 grid and as a result decided to take an extraordinary gamble in Melbourne, taking advantage of a loophole that no-one else had considered.

QUALIFYING RESULTS

Australian Grand Prix Saturday Qualifying Results

PRACTICE RESULTS

Australian Grand Prix - Saturday Morning Practice Results

BERNIE AND THE AUTOMOBILE MANUFACTURERS

Bernie Ecclestone is fed up with people destabilising Formula 1 and has told The Financial Times newspaper in London that if it goes on much more he will take legal action to stop those concerned. Ecclestone said that "writs will fall like autumn leaves" unless the disruption stops

A RULES RETHINK BEFORE IMOLA?

Formula 1 team bosses are saying that there will be a review of the new Formula 1 regulations before the Formula 1 World Championship comes to Europe in six weeks from now. Ferrari's Jean Todt hinted at a review in Melbourne and his remarks were backed up by McLaren's Ron Dennis.

7 MARCH 2003

QUALIFYING REPORT - FERRARI AHEAD BUT MCLAREN AND BAR IMPRESS

Australian Grand Prix - Friday Qualifying Report

FRIDAY PHOTOS

Australian Grand Prix Friday Photos

DO YOU HAVE ROCKS IN YOUR HEAD?

Eddie Jordan has warned off anyone wanting to come into Formula 1 as a new team.

WILLIAMS AND WESTERN UNION

The Williams F1 team has given details of another innovative multi-year, multi-million dollar sponsorship deal - with nothing appearing on the cars!

BERGER LEAVES IMMEDIATELY

Gerhard Berger has announced that he is stepping down from BMW Motorsport with immediate effect.

FORMULA 1 BOSSES DISCOVER UNITY

The Formula 1 team bosses went to Melbourne bickering as usual but on Friday afternoon when Ron Dennis, Frank Williams, Jean Todt and Eddie Jordan were up in front of the world's press.

THE MAJOR PLAYERS MEET IN GENEVA

The major players behind the scenes in F1 met in Geneva on Wednesday and the word on the street was that they met to discuss the future of the sport.

QUALIFYING RESULTS

Australian Grand Prix - Friday Qualifying Results

PRACTICE RESULTS

Australian Grand Prix - Friday Morning Practice Results

HIGH COURT DENIES JOURNALIST F1 PASS

Tom Rubython, the controversial former editor of Formula 1 magazine, has been out of the sport since October last year. Recently, however, he applied for passes for a new magazine called Business F1 .

6 MARCH 2003

JORDAN SAYS HE COULD SELL BUT THERE ARE CONDITIONS

Eddie Jordan has always denied any interest in selling his Formula 1 team but now he is saying that he would do if if necessary - so long as he still had an involvement.

WATCH OUT FOR FIREWORKS!

The FIA press conference today in Melbourne is going to be an interesting one as it features a potentially-explosive combinations of personalities: Minardi's Paul Stoddart facing McLaren's Ron Dennis and Sir Frank Williams.

MAX MOSLEY CALLS OFF MELBOURNE TRIP

The FIA President Max Mosley called off his planned trip to Australia because of a screw-up with airline tickets which meant that Mosley was unable to catch the plane on which he was intending to travel.

RUMOURS IN THE WILLIAMS CAMP

There have been a lot of rumours in Melbourne about problems at Williams but our investigations suggest that things are not nearly as bad as some of the stories which have been circulating.

5 MARCH 2003

BERGER'S DECISION INDICATES BMW DECISION IS MADE

Gerhard Berger said that he would stay on at BMW if there was a new challenge and so his decision to retire would seem to suggest that the Austrian knows that the Munich care company is not going to start its own F1 team.

BERGER TO RETIRE

BMW Motorsport Director Gerhard Berger will retire from his current role at the end of September. The Austrian says that the decision has come because he wants to spend more time with his family.

AUSTRALIAN GRAND PRIX PREVIEW

And so we head into another new era of Formula 1 and the big question that everyone is trying to answer is whether or not this will make any difference to the pecking order in Formula 1.

JUSTIN WILSON PLC

Minardi driver Justin Wilson has become the first racing driver to be floated on the London Stock Exchange. Wilson is aiming to raise $2m to pay for his drive with Minardi and is offering investors the chance to double their money and to share 10% of his income until the year 2012.

MONTEZEMOLO DOUBTS FERRARI SALE

Ferrari chairman Luca di Montezemolo says that he does not think that parent company Fiat will sell the company. It has been suggested that Fiat might sell off some of its 56% share in the business in an initial public offering to raise money to help support the main Fiat automobile business.

4 MARCH 2003

SOME INTERESTING POSSIBILITIES

There has been much speculation about how the new qualifying rules will affect the starting grid in 2003. The biggest variable will be how much fuel a team decides to run in qualifying and start the race with, as the teams will not be allowed to add fuel between qualifying and the start of the race.

3 MARCH 2003

STODDART WEIGHS IN

Minardi boss Paul Stoddart has responded to what he calls a "vicious attack" from his McLaren counterpart, Ron Dennis, by saying he should remember back to his start in the sport.

ECCLESTONE CALLS FOR NEW CONCORDE AGREEMENT

Bernie Ecclestone sees a new Concorde Agreement as the solution to the current rift between some of the teams and the FIA, and essential in ensuring future health of the sport.

UH-OH, HERE COMES KERKORIAN

Rule number one: never annoy a billionaire. American billionaire Kirk Kerkorian was very upset back in 1998 when he believes the shareholders of the Chrysler Coprotaion were misled by Daimler-Benz chairman Jurgen Schrempp. Now he is suing...

2 MARCH 2003

TOYOTA GOES STRAIGHT TO THE TOP OF THE IRL CLASS

Toyota has won its very first event in the Indy Racing League. On Sunday New Zealand's Scott Dixon won the Toyota Indy 300 at Homestead in his Target Chip Ganassi entry.

WANTED: CEO WITH NO GUARANTEED FUTURE

The GPWC, which is planning to start its own rival series to Formula 1, is looking for someone to run the planned championship - although it is by no means clear whether there will actually be a job for the candidate chosen.

1 MARCH 2003

FERRARI LANDS SPONSORSHIP FROM OLYMPUS

Ferrari has announced a three-year sponsorship deal with the Olympus company, a world leader in digital appliances and medical equipment.

FIAT STUNS WITH $4BN LOSS IN 2002

The world was expecting poor figures for 2002 from Fiat but the announcement that the company made a loss of $4bn was twice what was expected. The figure was boosted by the company booking a large number of one-off charges in order to put all the bad news in one package

WALKINSHAW CRITICISED BY JUDGE

Tom Walkinshaw's problems are far from over. The boss of the now defunct Arrows F1 team and the TWR Group was heavily criticised by a High Court judge this week. Mr Justice Pumfrey delivered his judgement on the trial of the various preliminary issues in Morgan Grenfell's action against Arrows