Sergio Marchionne Tag

By Adam Tate, Associate Editor The Hungarian Grand Prix was Formula One’s first race behind the Iron Curtain and has taken place every year since 1986 at the Hungaroring in Mogyorod. This year marks the 32nd consecutive running of the Grand Prix which makes it one of the longest running events on the F1 calendar. The tight, twisty track features lots of elevation changes that reward high downforce cars and drivers who give complete commitment. The hot temperatures Hungary experiences this time of year also come into play to make the raceRead More

By Adam Tate, Associate Editor With recent news out of Ferrari it looks like Formula 1 will once again be flirting with the 1,000 horsepower threshold soon. Mercedes comfortably hit 900 plus horsepower with their 2016 power unit and the old V10’s also broke 900 hp, but the last time F1 engines produced over 1,000 hp was during the peak of the original turbo era in the mid-80’s. According to Gazzetta dello Sport, Ferrari’s 2017 car, code named 668, is an all out attempt by the prancing horse to reign inRead More

By Adam Tate, Associate Editor If reports from the Telegraph and others are to be believed, longtime McLaren Group Chairman and CEO Ron Dennis will vacate his role at the helm of the Woking-based firm when his contract runs out at the end of the year. The impetus for such a huge change is the result of an unsuccessful bid by Dennis to buyout his business partners. Dennis currently owns 25% of the company as does his long time business partner Mansour Ojjeh. The remaining 50% is owned by the Bahraini sovereignRead More

By Joey Barnes, Editor-in-Chief The Formula 1 season returned from summer break last weekend at Spa-Francorchamps, and once again Ferrari was hit with a rough Sunday drive. Despite strong showings throughout the weekend, in which Kimi Raikkonen led FP3 and qualified a close third to polesitter and eventual race winner Nico Rosberg, the Italian squad had its race unravel at the opening corner of the Belgian Grand Prix. Expectations were high for both Raikkonen and teammate Sebastian Vettel, four-time and two-time winners of the event, but a controversial collision withRead More

By Joey Barnes, Editor-in-Chief Kimi Raikkonen remained unflappable in Thursday’s FIA press conference leading up to the Austrian Grand Prix, despite a mass of questions regarding rumors centering over his future at Ferrari. The 2007 Formula 1 champion’s contract with the Italian manufacturer expires at the end of the season. In the midst of a dogfight with Mercedes for F1 supremacy, neither Raikkonen or teammate Sebastian Vettel have won yet this season, with both amassing five runner-up finishes thus far. However, Ferrari president and CEO Sergio Marchionne warned that RaikkonenRead More

By Joey Barnes, Editor-in-Chief Ferrari president and CEO Sergio Marchionne stated that Kimi Raikkonen must improve his performance if he wants a new deal for 2017. Raikkonen’s current contract with Ferrari expires at the end of the season. The Italian manufacturer’s most recent Formula 1 champion in 2007, Raikkonen enjoyed a promising start to the season that saw him lead teammate and four-time champion Sebastian Vettel, before underwhelming results the last few races. For the second consecutive season, the Finn has been on the frontlines of speculation whether or notRead More

By Adam Tate, Managing Editor Stefano Domenicali, best known for his time as Ferrari’s F1 Team Principal from 2008 until 2014 is now set to be sworn in as the CEO of Lamborghini on March 15th. After being forced out of the house that Enzo built when Sergio Marchionne got rid of Luca di Montezemolo and took over Ferrari’s reigns, nice guy Domenicali was immediately snatched up by Audi. It was a move that may thought would spearhead the Volkswagen-Audi Group’s much anticipated F1 bid, until the VW emissions scandal putRead More