PDVSA Tag

By Adam Tate, Managing Editor The recent rumors of Pastor Maldonado leaving Lotus/Renault have been confirmed today. The Grand Prix winner made the announcement via social media with the following statement: “Today with the utmost humility I inform you that I will not be present at the starting grid for the 2016 F1 season. Thanks for all your messages of support, passion and concern for my future.” It has yet to be confirmed if ex-McLaren man Kevin Magnussen will replace him, but sources expect a Magnussen announcement alongside Renault’s launch of theirRead More

By Adam Tate, Managing Editor With the Venezuelan economy in tatters and his reputation at an all time low, it was only a matter of time before oil giant PDVSA pulled the plug on Pastor Maldonado’s backing. It now appears the writing is on the wall and the F1 rumor mill is going full tilt, pointing directly to ex-McLaren man Kevin Magnussen. With PDVSA’s financial backing run dry, Maldonado’s options to remain in F1 for a sixth season seems slight at best. Meanwhile, Magnussen will be inheriting a lead driver roleRead More