Today's F1 News Delivered Faster Than a Pit Stop
Alpine's income saw a 23.6% increase in 2022 due to a new title sponsor and fourth place in the world championship, rising from £201,485,000 to £249,038,000. Cost of sales increased by 21.6% to £170,395,000 from £145,264,000, while disciplined cost control led to a 37% improvement in the operating margin, resulting in an operating profit of £36.6 million, up by £9.5 million from 2021. However, the final post-tax profit figure decreased by £2.9 million to £26,214,000. Renault's marketing contribution to the team's turnover dropped from £60.6 million to £42.2 million, reflecting increased revenue from other sources. The Enstone team's headcount increased from 820 to 871 in 2022, with most of the rise in administration roles, compared to Aston Martin, which had a smaller full-time staff due to outsourcing.
Click here to read the full article by Adam Cooper (motorsport.com)
Andretti's potential entry into F1 may cost existing teams $11 million per year in prize money, as revealed by ex-F1 driver Karun Chandhok based on information from an anonymous team principal. Chandhok mentioned that if Andretti compensates existing teams with $600 million, it would cover the loss for 5 years. The F1 prize distribution currently involves splitting the pot among 10 teams, with higher-ranked teams receiving more. Adding an 11th team could further dilute the prize money, posing a potential obstacle to Andretti's entry, pending F1's decision based on commercial terms. Existing teams have varied reactions to Andretti's bid.
Click here to read the full article by Lewis Larkam (crash.net)
Carlos Sainz plans to decide his Formula 1 future beyond his current Ferrari contract, which ends in 2024, during the winter break ahead of 2024. Despite rumors of talks with Audi, Sainz implies his intention to stay with Ferrari, emphasizing his feeling of being valued at the team. He is having a strong season, leading the drivers' championship against teammate Charles Leclerc, and his decision-making will be influenced by his impressive performance in 2023.
Click here to read the full article by Adam Dickinson (total-motorsport.com)
Yuki Tsunoda wanted to make his teammate Liam Lawson feel comfortable in Japan, so he decided to trade his racing suit for chef's whites and cook for Lawson. Tsunoda started by taking cooking lessons from a local restaurant chef, and the result was a mouthwatering omelet with Lawson's name on it. Click here to watch the video.
Christian Schramm, the Director of R&D and Technology at McLaren, walks us through the wind tunnel located next to the team's technology center and engineering offices. This close proximity is essential as it enables the engineers, who work on optimizing the car's aerodynamics for speed, to easily oversee the experiments conducted in the wind tunnel. Wind tunnels are a crucial part of F1 car development, and it's the engineers who generate ideas within this context.