Schumacher: £20m gamble to save F1?

Last week the Mirror says the Schumacher-to-Mercedes deal is done and the German team will pay £20m for the services of the former 7-time champion. This news comes after failing to give current F1 champion Jenson Button a modest pay hike commensurate with his former pay while at Honda F1. Is there a [...]

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USF1 signs agreement with carbon fiber maker

This might be that positive sign about USF1’s future we’ve been seeking.
The team has announced a “long-term” agreement with Advanced Composites Group, which makes carbon fiber and glass fiber materials and has worked in motor sports at a variety of levels.
Here’s the release:

Advanced Composites Group Inc. (ACG), part of the Composites Division of Umeco plc, [...]

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Hill: British GP down to ‘crucial details’

Damon Hill has clarified earlier reports this week that the British GP deal was signed and sealed. Speaking witht he BBC, Hill said they are close but nothing is signed yet:
“It would be almost inconceivable for there not to be a British Grand Prix next year,” Hill said on Thursday, “but until it is [...]

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It’s Official: Canadian Grand Prix is back in 2010!

In big news from Canada, it appears that the Canadian Grand Prix will be returning to the F1 calendar for 2010. As noted by Speed TV, the mayor of Montreal has confirmed that a deal has been done.

Responding to the reports, mayor Gerald Tremblay told Canadian media that a tentative deal
with Bernie Ecclestone, who [...]

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Sponsors: The YouTube/USF1 deal

We had posted a story, along with everyone else in the world, about a potential sponsorship arrangement between YouTube and the USF1 team. This was an interesting story on many levels that has yet to be verified officially by the team.
Team owner Peter Windsor said this week that the sponsorship program would be unique [...]

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