Mercedes GP still not ready to accept Formula One’s new terms
Mercedes GP remains the only manufacturer-backed team that has yet to enter a deal in order to continue competing in Formula One after the current Concorde Agreement expires at the end of... Read more
Bernie Ecclestone doesn’t think that F1 teams will be permitted to use three cars
Formula 1’s Bernie Ecclestone said that it is unlikely for third cars to be a part of the sport. Ferrari has made a new push for the third cars to be permitted. The discussions within the... Read more
Formula One boss Bernie Ecclestone attacked by thieves
On Wednesday night, a group of thieves confronted 80-year-old Ecclestone as he was leaving his business headquarters in Knightsbridge with his Brazilian girlfriend Fabiana Flosi. The gang... Read more
Ecclestone applauds Abu Dhabi Grand Prix, keens to keep it as a permanent fixture
If Bernie Ecclestone had his way, the venue for the Formula One will remain in Abu Dhabi forever. Ecclestone’s satisfaction is up to the roof with how the people in Abu Dhabi has prepared... Read more
13th Formula One team for 2011 must pay a €19 million deposit, says
A €19 million deposit is what the F1’s unidentified 13th team for 2011 has to pay, according to F1 chief executive Bernie Ecclestone. Instead of a $48 million bond, the sport has decided... Read more
Saab deal outcome will be clear very soon, says Spyker CEO
One of the hottest subject in the automotive industry is who will buy Saab, if GM decicides to abort the wind-down, of course. According to the latest reports, it appears that Spyker Cars... Read more
Ecclestone’s Genii Capital is still optimistic regarding Saab deal
General Motors Co. has given the reins of Saab's Trollhattan headquarters to a team of liquidators but even as the winding-down process is ongoing, investment firm Genii Capital remains... Read more
Report: Genii Capital has withdrawn its bid for Saab
According to the latest reports, it appears that Bernie Ecclestone's Genii Capital has withdrawn its bid for Saab, which means Spyker is the remaining bidder for the company. "Genii... Read more
Ecclestone’s Genii Capital submits a revised offer for Saab
"Financing is not an issue for this group," according to Lars Carlstrom, a spokesman for Genii Capital that submitted a revised offer to get the opportunity to buy Saab. Luxembourg-based... Read more
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