Formula One News — May 2002

This week Eddie Jordan took his new rock and roll band V10 to Germany to play at a Deutsche Post function in Bonn.

The teams testing at the Valencia circuit on Thursday were able to get in half a day's worth of dry testing before the skies opened up around lunchtime.

The subject of government subsidies to farmers may not seem to have that much importance in the high-octane world of Formula 1 but the Formula 1 money supply could be affected because of the tobacco issue.

The lengthy battle surrounding the merger of Compaq and Hewlett-Packard is over following Walter Hewlett's decision not to pursue the matter further.

The current problems for television companies were highlighted on Tuesday afternoon when shares in Vivendi Universal, M6 and TF1 TV stations in France dived after the publication of reports saying that advertising revenues are going to remain weak.

May 1st may be a holiday for most of the world but that will not stop the Formula 1 teams as they continue their intensive test and development programs in preparation for the Austrian GP.

investigations have revealed some more details of the takeover of Arrows Grand Prix International by a company called Motorsport Holdings.

Testing continued at Valencia on Wednesday, where Jaguar joined the four teams that began testing at the Spanish circuit on Tuesday.

Cristiano da Matta, the star of CART, is to test a Formula 1 car at the end of May at Paul Ricard.

Eight years ago today we were at Imola undergoing the worst weekend in modern Formula 1 history.

ABC Television has had a shake-up of management in recent weeks following a poor performance in the ratings in recent months.

The plans for a Russian Grand Prix have been put on hold again with the problem apparently being one of finance, with the Moscow city authorities no longer wanting to put any money into the project.