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F1 Fast Five: Sauber confirms Sainz as top contender for second Audi seat, Ferrari reports below-expectation Q1 earnings, and other big updates

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Today’s F1 News Delivered Faster Than a Pit Stop

Sauber confirms Sainz as top contender for second Audi seat, Ferrari reports below-expectation Q1 earnings, and other big updates from around the world of Formula 1.

Sauber confirms Sainz as top contender for second Audi seat, Ferrari reports below-expectation Q1 earnings, and other big updates
  • Sauber confirms Sainz as top contender for second Audi seat
  • Ferrari reports below-expectation Q1 earnings
  • How new overtaking rules will reshape races
  • McLaren's Stella skeptical despite Norris' Miami win
  • Norris' maiden win in Miami

Sauber confirms Sainz as top contender for second Audi seat

Sauber's representative, Alessandro Alunni Bravi, explicitly confirmed Carlos Sainz as the team's primary target as they prepare for their future with Audi in Formula 1. With Nico Hulkenberg already secured for 2026, Sauber aims to capitalize on Sainz's availability, particularly with Lewis Hamilton's departure to Ferrari. Alunni Bravi emphasized Sainz's qualities, including maturity, development skills, and consistency, amid a competitive driver market. While Sainz has the option to rejoin Red Bull, his potential move to Audi is bolstered by a lucrative offer.

Click here to read the full article by Charles Bradley (motorsport.com)

Ferrari reports below-expectation Q1 earnings

Ferrari shares dropped 2.6% as the luxury carmaker's first-quarter earnings and revenue missed Wall Street expectations. Despite revenue rising by 10.9% compared to last year's period, reaching EUR 1.59 billion with stable unit delivery, it fell short of analysts' estimates. CEO Benedetto Vigna attributed the growth to product and country mix enhancements, including recent model launches, while adjusted EBITDA and EBIT saw increases of 12.7% and 14.8%, respectively, driven by positive mix and price variance. However, rising industrial costs and SG&A expenses dampened some gains. Ferrari confirmed its 2024 guidance but anticipates challenges from cost inflation and increased investments.

Click here to read the full article by Sam Boughedda (Investing.com)

How new overtaking rules will reshape races

Formula 1 has introduced new racing rules for 2024, which is already impacting stewarding decisions ahead of full regulatory implementation in 2025. These guidelines aim to precisely codify racing standards, departing from previous informal norms. Incidents like those in the Miami Grand Prix highlight the need for clarity in overtaking regulations. However, concerns remain regarding the potential for overly technical interpretations that may detract from the essence of competitive racing.

Click here to read the full article by Scott Mitchell-Malm (the-race.com)

McLaren's Stella skeptical despite Norris' Miami win

Andrea Stella has dismissed claims that McLaren now has the consistent pace to challenge Red Bull in Formula 1, despite Lando Norris clinching their first race victory of the year in Miami by outperforming Max Verstappen. Norris strategically exploited an extended stint and a timely pit stop under a safety car to take the lead and secure his inaugural Grand Prix win. Stella acknowledged the recent improvements but emphasized the necessity for another significant upgrade package to consistently rival Red Bull.

Click here to read the full article by Fergal Walsh (racingnews365.com)

Norris' maiden win in Miami

Lando Norris has finally achieved his first F1 win. While it surprised some, it wasn't unexpected for those familiar with his recent progress in the past few races. His achievement will go down in F1 history, with congratulations pouring in from fellow drivers, fans, and even his 'lucky charm,' former U.S. President Donald Trump, who was there to celebrate with him.

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