Latest news with #Formula1GrandPrixduCanada
Newsweek
2 days ago
- Automotive
- Newsweek
Red Bull Confirms Timeline to Cease F1 Car Development
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Red Bull Racing senior advisor Helmut Marko has confirmed that a decision will be taken during the race weekend at Silverstone or Spa Francorchamps to halt the development of the 2025 RB21 F1 car. As Formula One approaches a new era of regulations in 2026, teams will have to juggle between the development of two cars this year. 2026 marks the year when F1 cars will be very different from the cars of the current ground effect era as new regulations will be introduced. Apart from being lighter and smaller with active aerodynamics, the new car will run on 50 percent electric power for the first time in the sport's storied history. The other half will be powered by an internal combustion unit running on sustainable fuels. However, given F1's budget cap rule, which limits how much teams can spend on the development of their cars in a given year, all outfits will have to carefully balance the development of both cars. Thus, choosing the perfect moment to shift focus from the 2025 car to the 2026 car will be most crucial. Red Bull Racing's Dutch driver Max Verstappen stops in pit lane during the third practice session for the 2025 Formula 1 Grand Prix du Canada at Circuit Gilles-Villeneuve in Montreal, Canada, on June 14, 2025.... Red Bull Racing's Dutch driver Max Verstappen stops in pit lane during the third practice session for the 2025 Formula 1 Grand Prix du Canada at Circuit Gilles-Villeneuve in Montreal, Canada, on June 14, 2025. More TIMOTHY A. CLARY/AFP/Getty Images Red Bull has partnered with Ford under the Red Bull Powertrains banner to develop engines for the new era, and Marko has admitted that a decision will likely be made next month to decide the developmental cut-off point. Speaking to Kleine Zeitung ahead of the Austrian Grand Prix race weekend, he said: "There's a precise allocation of how the wind tunnel and all the tools are used. At some point, however, they'll say: 'Okay, that's it for further development'. For two reasons: time - and the production of new parts takes time - and the cost cap. "So the question is: Where do you allocate your resources? "I assume after Silverstone or Spa at the latest, there will be a decision to focus entirely on the new car." A new regulatory era means it is tough to predict which team will have the most powerful and reliable power unit. Marko revealed details of Red Bull's progress and addressed Mercedes' power unit claim. He said: "Mercedes has declared itself the favorite, but there's no evidence of that. The development of the combustion engine alone is incredible. The engine is smaller than the one in my lawnmower! There are three or four things that are important for the new car: the combustion engine. "We're on board with that, and unless there are durability issues, it won't be a game-changer. The battery is crucial; we're starting with a conventional solution for that, and gasoline is a very important factor. Development in this area is going very well with our partner Exxon."
Newsweek
7 days ago
- Automotive
- Newsweek
Mercedes Team Boss Stands by Lewis Hamilton - 'Don't Ever Write Him Off'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Mercedes team principal Toto Wolff has voiced support for his former driver Lewis Hamilton, who joined Ferrari this year. The seven-time world champion's journey with the Maranello outfit hasn't been a smooth one on many fronts thus far, leading many to question if Hamilton still has the racing prowess. However, Wolff emphasized, saying, "Don't ever write Lewis Hamilton off." The 40-year-old driver's move to Ferrari after 12 successful years with Mercedes meant he not only had to adapt to a new car but also to a new team, new location, and new language. While one would expect a world champion like Hamilton to get up to speed in no time, the complexities of the current ground effect cars also add to his challenge, especially considering his struggles at Mercedes since 2022, when the new era began. Hamilton has reportedly had no role in the development of the current Ferrari SF-25, making the task of adapting to the car more challenging. He has yet to secure his first Grand Prix podium finish with the red team, though his sprint race win at Shanghai cannot be dismissed. Ferrari's British driver Lewis Hamilton rides a scooter in the paddock during previews ahead of the 2025 Formula 1 Grand Prix du Canada at Circuit Gilles-Villeneuve in Montreal, Canada, on June 12, 2025. Ferrari's British driver Lewis Hamilton rides a scooter in the paddock during previews ahead of the 2025 Formula 1 Grand Prix du Canada at Circuit Gilles-Villeneuve in Montreal, Canada, on June 12, who celebrated eight Constructors' Championships with Hamilton and shares a friendly relationship with him, revealed the factors that are likely affecting the Ferrari driver. Speaking on the Bloomberg Hot Pursuit podcast, Wolff explained how the start of the ground effect era in 2022 affected Hamilton and why he needs to be given more time to adapt to his new car and team. He said: "You don't unlearn driving that quickly. In 2021, he was great. Then the regulations changed, and it got a little more difficult, but he was still performing at a very high level. "Just by changing teams, suddenly you don't lose your skills. "Everybody needs a period of adaptation – different car, different DNA in how the vehicle drives, a new engineering team that you need to start working together. "Then you have to be involved in the continuous development of the car so it suits your driving style." Wolff highlighted the major cultural shift that had taken place for Hamilton and revealed a lesser-known pattern concerning him. He said: "It's an all-Italian team, and he's a British guy parachuted in there. And that takes time. "Also, we've seen a bit of a pattern that Lewis, at the beginning of the season, needs to find his mojo and the second half of the season has always been very strong. "So don't ever write Lewis Hamilton off."
Newsweek
21-06-2025
- Automotive
- Newsweek
Mercedes Formula One Team Reports Massive $120 Million Revenue Boost
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Mercedes Formula One team has reported a significant revenue increase of approximately $120 million (as per today's exchange rates). Sixty percent of the earnings come from sponsorship and licensing. From the data published by the UK's Companies House, as published by Mercedes Grand Prix Limited, the parent company of the Mercedes F1 team, reported a turnover of approximately $856 million (£636 million) in 2024, which is a stark increase from 2023's $735 million (£546.5 million). Consequently, profits too have jumped significantly. Mercedes recorded an approximate $112.7 million (£83.8 million) net profit in 2023, with the number rising to $162 million (£120.34 million) in 2024, an increase of approximately $50 million. Mercedes' British driver George Russell pulls into pit lane after winning the 2025 Formula 1 Grand Prix du Canada at Circuit Gilles-Villeneuve in Montreal, Canada, on June 15, 2025. Mercedes' British driver George Russell pulls into pit lane after winning the 2025 Formula 1 Grand Prix du Canada at Circuit Gilles-Villeneuve in Montreal, Canada, on June 15, 2025. TIMOTHY A. CLARY/AFP/Getty Images It is noteworthy that Mercedes received a significant share of the F1 prize money for securing second place in the 2023 Constructors' Championship, which increased its revenue in 2024 since payments are processed the following year. As a result of the positive earnings, the team's three shareholders, Mercedes-Benz Group, team principal Toto Wolff, and Ineos, will receive an ordinary dividend of approximately $168 million (£125 million). However, it remains to be seen what impact Mercedes' performance in the 2024 season will have on its earnings, considering it secured fourth place in the championship. In addition, it would be interesting to see a change in the percentage of earnings from sponsorships, given seven-time world champion Lewis Hamilton's exit from the team after the 2024 season. Speaking of 2025, the season has been dominated by McLaren thus far. Mercedes achieved its first win in the previous round in Montreal, where the team's lead driver, George Russell, started from pole position and led the race for the majority of the laps to secure his first win of the year. However, rumors are doing the rounds that Russell is on Aston Martin's radar for the 2026 season, when the sport enters a new era of regulations. Newsweek Sports reported Russell's comments, who confirmed the interest shown by other teams but emphasized his intention to continue racing for Mercedes. He said: "No, I'm not talking with anybody else and any teams who have shown interest. I have been quite open to say my intentions are to stay with Mercedes. That's always been clear. "And, you know, I am loyal to Mercedes. They gave me this chance to get into Formula 1. There haven't been any hard feelings with any of the talks that have been going around, you know, especially around Max because, like I said numerous times, why wouldn't teams be interested in Max if everybody could, if every driver had a clean, no contracts for next year, Max would be the number one for every single team. And that's understandable. "But ultimately there are two seats for every race team and I knew if I continued to perform as I'm doing, my position would not be under threat whatsoever. So, I feel in a good place. We're in no rush to do contract negotiations."
NDTV
17-06-2025
- Automotive
- NDTV
Formula 1: Canada GP To Remain On Calendar Till 2035 Season
Formula 1 has announced that the Canadian Grand Prix will race into its seventh decade following a new four-year agreement with the Promoter and the Governments of Canada and Quebec, that will see the Circuit Gilles-Villeneuve in Montreal remain on the calendar through to 2035. The Canadian Grand Prix is the oldest Formula 1 race held outside Europe, with the 54th edition taking place recently since its inaugural run in 1967. The Circuit Gilles-Villeneuve, named after legendary Canadian F1 driver Gilles Villeneuve, became the permanent host in 1978 and is loved by drivers and fans alike for its heavy-braking chicanes, the hairpin, and the Wall of Champions. Four current drivers - George Russell, Max Verstappen, Lewis Hamilton, and Fernando Alonso - have all claimed victory at the 4.36 km circuit. Hamilton and Michael Schumacher share the record for most wins at the venue (seven each). In recent years, Octane Racing Group has significantly modernised its infrastructure and will continue investing to meet Formula 1's global growth. Additionally, the promoter and stakeholders from multiple government bodies have agreed to move the event to an earlier slot from 2026 onwards to support calendar rationalisation. Stefano Domenicali, President & CEO of Formula 1, said, 'As Formula 1 celebrates its 75th anniversary, it is fitting that we have announced an extension with the Canadian Grand Prix, a race that has such incredible history...I am delighted to confirm that we will continue racing here through to 2035 and that our media rights deal with Bell Media is also you to Octane Racing Group and our Canadian fans. I look forward to more unforgettable moments in Montreal.' Jean-Philippe Paradis, SVP at Bell and President, F1 Grand Prix du Canada, said, 'We are incredibly proud to confirm that the Formula 1 Grand Prix du Canada will continue its yearly stop in Montreal through 2035. This reflects the race's iconic status... We're thrilled to offer ten more years of world-class racing and thank all partners and our passionate team.'
Cision Canada
17-06-2025
- Automotive
- Cision Canada
Bell Canada and Octane Racing Group deliver standout 2025 Formula 1 Grand Prix du Canada experience for fans Français
352,000 spectators attended the race at Montréal's Circuit Gilles Villeneuve, making the Canadian F1 the second-best attended race of the season New agreement keeps race in Montréal until 2035 MONTRÉAL, June 17, 2025 /CNW/ - The 2025 Formula 1 Grand Prix du Canada drew 352,000 visitors from across Canada and around the world to the Circuit Gilles Villeneuve this weekend, making it the second-best attended race of this year's F1 season. As the proud owner of Octane Racing Group, Bell Canada played a key role in bringing this world-class event to life. Bell's leading network infrastructure kept fans on-site connected throughout the event, while TSN and RDS brought the action to viewers at home with live and on-demand coverage. The event's success was the result of strong collaboration between stakeholders, including le Service de police de la Ville de Montréal (SPVM), la Société des transports de Montréal (STM), the City of Montréal, la Société du Parc Jean-Drapeau, Tourisme Montréal and the governments of Québec and Canada. Enhanced signage, upgraded hospitality suites and new fan experiences helped improve logistics and created a smooth and enjoyable experience for attendees. Bell also contributed to community safety and social impact, working alongside Octane and local authorities to ensure a safe environment for all. Following the successful conclusion of the weekend, organizers announced a new agreement to keep the race in Montréal through 2035. This long-term agreement ensures that the city, the province and the country will continue to benefit from the economic dynamism of this international event for years to come. Quotes "The Montréal Grand Prix is one of Canada's premier sporting events and, as the owner of Octane Racing Group, Bell is incredibly proud of the success of the 2025 edition. This year's event showcased the city's love of sport, its passionate fanbase and its ability to host world-class events. We look forward to continuing to build on this success for the years to come thanks to the new long-term agreement that will keep the race in Montréal for the next 10 years." - Mirko Bibic, President & CEO, BCE and Bell Canada "We are proud to confirm that the Formula 1 Grand Prix du Canada will continue its annual stop in Montréal for another decade. This renewed agreement reflects the iconic status of our race and global reach. We will continue to build a Grand Prix that showcases Montréal, Québec and Canada at their best, with a clear strategy to elevate the event across sports, entertainment and technology. Thank you to our partners – the governments of Québec and Canada, the City of Montréal, Tourisme Montréal, Parc Jean-Drapeau and Formula 1 – for your continued trust. And thank you to our amazing team, whose passion brings this event to life each year." - Jean-Philippe Paradis, President, Octane Racing Group Formula 1 Grand Prix du Canada and SVP, BBM Sales and Wholesale "As Formula 1 celebrates its 75th anniversary, it is fitting that we have announced an extension with the Canadian Grand Prix. Montréal is an incredible city, full of energy and passionate fans, and I am delighted to confirm that we will continue racing here through the 2035 season. I would like to thank the promoter, Octane Racing Group, for their continued efforts in upgrading this iconic venue in recent years, and all local, regional and national political stakeholders who have worked closely together to make this event what it is today. I would also like to thank our incredible Canadian fans and look forward to creating more unforgettable moments in Montréal." - Stefano Domenicali, President and CEO of Formula 1 About Bell Bell is Canada's largest communications company i, providing advanced broadband Internet, wireless, TV, media and business communication services. Founded in Montréal in 1880, Bell is wholly owned by BCE Inc. To learn more, please visit or Through Bell for Better, we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities. This includes the Bell Let's Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let's Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Investor inquiries: Richard Bengian [email protected]
