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F1 shutdown contributes to Ferrari’s €39 Million Q1 revenue slump

Kahran Vohra
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The Formula One shutdown due to the Coronavirus pandemic has hit the Ferrari brand in the “harshest manner”, as the lack of F1 activity has heavily hit the company’s sponsorship and commercial revenues that it revealed in its Q1 earnings. In the updated financial guidance issued by Ferrari last week, it was revealed that the […]

Result shows progress made since Silverstone – Arrivabene

UK Government rejects £150m McLaren loan request

Kahran Vohra
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The government has denied the McLaren Formula One team a £150m loan request for aid amid the Covid-19 pandemic. Sky News reported that the Department for Business, Energy and Industrial Strategy had communicated with the McLaren Formula One team to inform them of their decision to reject a request for a £150m loan that would […]

Chase Carey admits F1 may not return for 2020 season

Kahran Vohra
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Formula One chairman Chase Carey has acknowledged the possibility that the Formula One world championship may not return for the 2020 season admit the ongoing Coronavirus pandemic. The sport is currently working out a sustainable plan to restart the Formula 1 season after the Australian Grand Prix was called off just hours before Friday Practice. […]

Vettel keeps dominant Ferrari on top in Bahrain FP2

Kahran Vohra
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Sebastian Vettel led a Ferrari 1-2 during second practice for the Bahrain Grand Prix under the floodlights after two qualifying attempts, despite making an error on his fastest lap, as Mercedes were more than half a second adrift of the Ferrari cars.  Vettel’s fastest lap in the Ferrari was a 1.28.846, and that set the […]