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.
Sep 14, 2014, 8:52 PM EDT
JOLIET, Ill. — One day after announcing he would not be returning to Richard Petty Motorsports in 2015, Marcos Ambrose made it official that he’s going home to his native Australia to and race in the V8 Supercars series for Roger Penske.
Sep 14, 2014, 8:25 PM EDT
For the second time in the last three races, the National Hot Rod Association has been forced to start a race in one location and finish it in another.
Sep 14, 2014, 7:48 PM EDT
JOLIET, Ill. – Oh, how we’d love to be a bug on the wall when Danica Patrick and Ricky Stenhouse Jr. get home after Sunday’s MyAFibStory.com 400 at Chicagoland Speedway.
Jeff Gordon makes strong ‘Drive For Five’ start, also has high praise for Kyle Larson in Chase opener
Sep 14, 2014, 7:18 PM EDT
JOLIET, Ill. – In the first race of the 2014 Chase for the Sprint Cup, Jeff Gordon took the first step in his “Drive For Five” – and put his best foot forward.
Sep 14, 2014, 6:17 PM EDT
JOLIET, Ill. – Sunday’s opening race in the Chase for the Sprint Cup was good for 12 of the 16 contestants, as they dominated the top-15 finishers in the MyAFibStory.com 400 at Chicagoland Speedway. But four others struggled and find themselves in a hole heading into the second race of the Chase.
Sep 14, 2014, 5:30 PM EDT
JOLIET, Ill. — While Kyle Larson and Kevin Harvick were jousting for the lead, Keselowski slipped up in-between them and then sailed right through with 15 laps left to win Sunday’s MyAFibStory.com 400, the opening race in the Chase for the Sprint Cup at Chicagoland Speedway.
Sep 14, 2014, 3:44 PM EDT
JOLIET, Ill. – With 134 of the scheduled 267 laps complete, Brad Keselowski leads the opening race of the Chase for the Sprint Cup, the MyAFibStory.com 400 at Chicagoland Speedway.
Sep 14, 2014, 3:15 PM EDT
JOLIET, Ill. — Kevin Harvick made a celebrated trade of pit crews with Tony Stewart for Sunday’s MyAFibStory.com 400 due to numerous mistakes and errors committed by his pit crew during the first 26 races of the regular season. Unfortunately, Harvick’s pit road jinx continued with the new crew.
Sep 14, 2014, 1:34 PM EDT
JOLIET, Ill. — If Sunday’s MyAFibStory.com 400 plays out the way folks in the garage were talking Sunday morning, there’s going to be at least a few surprises both in the course of the race and potentially in the outcome in the opening event of the 2014 Chase for the Sprint Cup.
Sep 13, 2014, 9:20 PM EDT
JOLIET, Ill. – A ticked-off Kyle Busch is the most dangerous kind of Kyle Busch. Dejected after coming up short in the Nationwide Series race earlier in the afternoon, the younger Busch brother rallied back to win Saturday night’s Lucas Oil 225 Camping World Truck Series race.
Sep 13, 2014, 8:09 PM EDT
JOLIET, Ill. — Joey Logano is ready to go from wanna-be champion to doing the real thing in this season’s Chase for the Sprint Cup.
DeJoria (FC), Enders-Stevens (PS), Todd (TF) and Krawiec (PSM) are the ones to beat in NHRA race in Charlotte
Sep 13, 2014, 7:30 PM EDT
Alexis DeJoria (Funny Car), Erica Enders-Stevens (Pro Stock), J.R. Todd (Top Fuel) and Eddie Krawiec (Pro Stock Motorcycle) will enter Sunday’s Pep Boys NHRA Carolina Nationals as the No. 1 qualifiers at zMAX Dragway in Concord, N.C.
Sep 13, 2014, 6:40 PM EDT
JOLIET, Ill. – What looked like yet another almost certain Kyle Busch win on Saturday literally went up in smoke, as Kevin Harvick rallied to earn his third career Nationwide Series victory at Chicagoland Speedway.
Sep 13, 2014, 5:26 PM EDT
JOLIET, Ill. – Kyle Busch believes he can win his ‘second’ Sprint Cup championship in 2014. Wait a minute, when did he win his first? Did we miss something somewhere?
Sep 13, 2014, 3:30 PM EDT
JOLIET, Ill. — Carl Edwards was fastest in Saturday’s Sprint Cup happy hour practice, but Brad Keselowski was the bigger story, finding the speed he’s been lacking up to now. Also, Danica Patrick was fifth-fastest.
Sep 13, 2014, 2:41 PM EDT
JOLIET, Ill. — Marcos Ambrose cited being homesick for his native Australia as well as family concerns as the main reasons he’s leaving Richard Petty Motorsports and NASCAR at the end of this season.
Sep 13, 2014, 2:03 PM EDT
JOLIET, Ill. — Shortly after Richard Childress Racing teammate Paul Menard posted the fastest speed in Saturday morning’s Sprint Cup practice, teammate Brian Scott went out and earned the pole for Saturday afternoon’s Jimmy John’s Freaky Fast 300 NASCAR Nationwide Series race at Chicagoland Speedway.
Sep 13, 2014, 1:00 PM EDT
Frenchman is confident that Lotus will be in better shape than it was at Monza.
Sep 13, 2014, 12:23 PM EDT
JOLIET, Ill. — Paul Menard shot to the top of the speed charts during the first of two practice sessions for the Sprint Cup drivers Saturday morning at Chicagoland Speedway.
Sep 13, 2014, 12:00 PM EDT
Spaniard dominates at the Hungaroring, strengthening his case for an F1 seat with Caterham.
Video from NASCAR America
- Jeff Gordon makes strong ‘Drive For Five’ start, also has high praise for Kyle Larson in Chase opener 0
- Keselowski surges between Harvick, Larson to win Chase opener at Chicagoland 0
- For 16 Sprint Cup drivers, the time is here: ready, set, Chase 0
- Kyle Busch starts Truck race ticked-off, only to end up in victory lane at Chicagoland 1
- Joey Logano: ‘We’re ready’ to win Sprint Cup championship 1
- Kyle Busch ready to claim his ‘second’ Sprint Cup championship 2
- Marcos Ambrose decision to leave RPM, NASCAR due to family, desire to return to Australia 4