Toyota cut 500 employees in Cologne
December 4, 2009 by Negative Camber
Filed under People & Events, Top Story
F1B’s Executive Editor in Europe, Mark Hallam, has indeed verified that Toyota F1 based in Cologne Germany has officially parted ways with 500 employees. According to news agency DPA, the team has officially released 500 employees with 150 staying with Toyota to work on other racing initiatives.
With a partial salary and benefits [...]
Op-Ed: Was Max Right? Todt thinks so
November 4, 2009 by Negative Camber
Filed under F1B Op-Ed, Negative Camber, Parc Fermé, Top Story
Ultimately that’s the question. Was former FIA president Max Mosley right? Were his warnings of an untenable F1 due to outrageous costs the downfall of Honda, BMW, Toyota and Bridgestone? Could he have been sending the right message to the wrong crowd?
Ferrari’s response to the Toyota decision has left me somewhat gape-mouthed [...]
Doing Less with More~ M. Hallam
May 14, 2009 by Negative Camber
Filed under Parc Fermé
Spend more, achieve less: That’s the wholly unpleasant option currently on offer for Formula One teams that do not want to stick to the proposed, voluntary budget cap of roughly USD 60 million.
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Mercedes still committed to F1?
April 9, 2009 by Negative Camber
Filed under Prime & Option
German broadcaster Sudwestrundfunk that there was to be a shareholder meeting at Mercedes who is reported to be losing $1 Billion a month. Drastic cost-cutting measures are needed and with the recent Mclaren lying scandal, there could be reason for pause on their involvement in F1. Or so the rumor mongering goes. [...]
Max ups the ‘radical’ regulation meter for 2010
February 27, 2009 by Negative Camber
Filed under Parc Fermé
The FIA have been working diligently to produce a series of cost-cutting measures for 2010.
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