Apr 1, 2013, 11:11 AM EDT
Formula One’s technical rules cannot be changed without the approval of Ferrari, a new report has confirmed.
Rumours that Ferrari have the power to directly influence F1’s rules have persisted for several years.
A document drawn up in anticipation of F1’s potential flotation on the Singapore stock exchange reveals the extent of Ferrari’s power within the sport.
“In respect of Ferrari only, Ferrari may terminate if the regulatory safeguards agreed between the FIA and Ferrari do not allow Ferrari to veto any change to the regulations already announced or introduced (subject to certain exceptions),” says the prospectus, as reported by ESPN.
Ferrari’s power of veto is believed to have been first offered to them in 2005. Whether it has used or threatened to use the veto remains unclear.
However Luca di Montezemolo, the president of the Italian car manufacturer, has repeatedly criticized the F1 rules for being too focused on aerodynamics and restricting teams’ opportunities to test.
A major change in the technical rules for next season will introduced new V6 engines with greater use of modern energy recovery technologies.
The document also confirmed Montezemolo has been offered a 0.25% stake in the sport if it is floated. Ferrari also receives an additional bonus payment for competing in Formula One.
Aug 27, 2014, 1:23 AM EDT
MotorSportsTalk sorts out fact from fiction regarding the yet-to-be-revealed 2015 Verizon IndyCar Series schedule, based on hints from today’s NASCAR schedule release.
Aug 26, 2014, 10:41 PM EDT
NASCAR star Kevin Harvick has never been afraid to speak his mind. But the Tony Stewart/Kevin Ward Jr. tragedy has caused him to be more judicious in what he says and also “frustrated” at how the media has dealt with the entire incident.
Aug 26, 2014, 8:51 PM EDT
The long-awaited release of the 2015 NASCAR Sprint Cup schedule was much less of the surprise many expected. And there’s absolutely nothing wrong with that.
Aug 26, 2014, 8:00 PM EDT
Brad Keselowski won his first Camping World Truck Series race last Thursday at Bristol, but his and two other teams have been dinged by NASCAR after their Trucks failed post-race height requirements.
Aug 26, 2014, 7:06 PM EDT
Steve O’Donnell, NASCAR’s executive vice president of racing operations, explains the factors that influence how the final racing schedule is created.
Aug 26, 2014, 6:21 PM EDT
The NASCAR AMERICA crew make their initial observations of the 2015 Sprint Cup docket (Hint: They’re really happy about Darlington returning to Labor Day weekend).
Aug 26, 2014, 5:01 PM EDT
NBC Sports Group begins its 2015 NASCAR race coverage on July 4th (Nationwide) and 5th (Sprint Cup) from Daytona International Speedway.
Aug 26, 2014, 4:00 PM EDT
The big moment is almost here. Click this post for stream links to today’s special edition of NASCAR AMERICA – featuring the announcement of the 2015 NASCAR schedule!
Aug 26, 2014, 3:00 PM EDT
It’s the first of a planned four-book series that’s designed to help kids be more self-confident and make good choices.
Aug 26, 2014, 2:00 PM EDT
Notes and numbers to keep in mind as NASCAR sets up shop in Atlanta this weekend.
Aug 26, 2014, 1:30 PM EDT
The new Lamborghini Huracán LP 620-2 Super Trofeo has been officially revealed in the last week, and will race in the single-make Lamborghini Blancpain Super Trofeo series.
Aug 26, 2014, 1:00 PM EDT
Hamilton also vows that he won’t be out for revenge against Rosberg at the upcoming Italian Grand Prix.
Aug 26, 2014, 12:13 PM EDT
With 35th win, Scott Dixon ties Bobby Unser on the all-time win list.
Aug 26, 2014, 11:46 AM EDT
We should know within the next few weeks whether Cosworth’s intentions to align with an OEM will become a reality for IndyCar. Meanwhile, there’s plenty coming from the company.
Aug 26, 2014, 11:15 AM EDT
Dutch media peg Giedo van der Garde as close to a 2015 race seat with Sauber.
Aug 26, 2014, 10:34 AM EDT
Wide guest list to join tonight’s one-hour NASCAR AMERICA, as the 2015 NASCAR Sprint Cup schedule is revealed.
Aug 26, 2014, 10:23 AM EDT
Len Terry was behind the success of the Lotus 38 that won Indianapolis with Jim Clark.
Aug 25, 2014, 8:32 PM EDT
With two regular season races left, the pressure’s building for those drivers without a win and are outside of the Chase Grid.
Aug 25, 2014, 8:14 PM EDT
After Saturday’s radio altercation between Busch and crew chief Dave Rogers, NASCAR AMERICA’s Frank Stoddard wonders if their boss needs to take a harder line against his talented but sometimes mercurial driver.
Aug 25, 2014, 7:40 PM EDT
For the second straight year at Bristol, Denny Hamlin and Kevin Harvick were involved in one of the night’s bigger incidents.
Video from NASCAR America
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