Dieter Zetsche

Daily #F1 News and Comment: Wednesday 21st May 2014

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This page will be updated throughout the day. Please if you are on Twitter press the tweet button below. If you re-write and tweet individual story headlines don’t forget to include #F1. You may not realise how hugely important this is and has helped grow our community significantly. Previously on TheJudge13: #F1 History: Monaco Grand … Read more

#f1 Days of our Lives: Episode 2 – Stuttgart Fretts

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There are times when the sterotypical jaded US TV network executives wake up and smell the roses. Our crumpled manuscript soap opera was piloted and had far better viewing figures than expected. The concept of the drama inside the sport of motor racing is now high on 1 particular producer’s list of things to do… … Read more

What now for Lauda? Ecclestone fraud charges still loom, Kart won’t listed to Vettel’s s*^t, Alguersuari suggests Vettel will be spooked, RB will use new spec alternator in Brazil

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The end of Lauda Watch? This could be it folks, maybe Lauda watch will be no more. Today Reuters report that Damiler-Benz has severed all ties with Aabar investments who sponsor Lauda’s cap at $500,000 a year. Not only have they acquired Aabar’s 40% of the F1 team but also the 9% holding the Abu Dhabi sovereign fund had invested in Damiler-Benz the global car manufacturer.

Aabar have lost over $2bn by trying to be clever and underpin the Daimler-Benz acquisition with a derivatives deal which went wrong. They have in effect lost their shirt and the banks that funded the deal have retained the stock, which by the way is worth double the price Aabar paid for it.

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HRT Engineers worried about safety, Villenueve: ‘Vettel’s a child’, COTA wins Global award, Partially sighted driver wins Indy 500, Rosberg on Schumacher, Alonso/Vettel title permutations, RB to join elite club, US GP record: F1’s smallest winning margin

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HRT price tag 40m euros: Thesan Capital (who we think are Banco Popular in disguise – see news yesterday) have most reasonably come clean today and suggested they would be happy to receive back their original investment of 40m euro’s. I bet they would, these are the last desperate scrabbling to realise some cash back on what was a ridiculous venture destined to fail.

If someone pays Thesan 40m euro then there is still 10’s of millions more for the new owners to find to get the team back on its feet again after paying off the debt. Of course there is the prize money from coming last this year, and whilst prize money in F1 is a closely guarded secret, I believe 12th is worth only about 7.5m euro ($10m). The likelihood is HRT will just cease to exist.

The reason I say this, is because there has been for 3 years agreement among the teams for a 13th team to race. This has never happened due to the inability of anyone to get the required funding for an F1 start up. Buying HRT is worse than starting a new team as there will be debts, unpaid wages, a factory in Madrid that would be better located in the UK – why pay anything for them? The prize money is insignificant compared to the rest of the costs.

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McLaren-Mercedes divorce and Cosworth need a new partner.

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Even though the driver line up’s are mostly sorted for next year, I suspect there are a few exciting news stories yet to break. One of which I believe will be the split between Mercedes and McLaren.

History of the partnership

Having been out of F1 since 1954, Mercedes returned as an engine supplier in 1994, partnering with Sauber and then a year later began their 17 year relationship with McLaren. Since parting company with Honda in 1992, McLaren tried working with both Ford and Peugeot for 2 years with limited success. The 5 year relationship with Honda had delivered both WDC and WCC championships in 4 of those years – 8 titles in all and in just 5 years – 52 pole positions and 44 wins. In stark contrast Mercedes partnership with McLaren has delivered a mere 1 WCC (1998) and 3 WDC titles (Hakkinen 98,99 – Hamilton 08).

In 1999 Daimler-Chrysler (owner of Mercedes-Benz) bought 40% of the McLaren F1 team with Ron Dennis and Mansour Ojjeh each retaining 30% and there was a shareholders agreements which locked Dennis and Ojjeh’s holding together so they could not be sold independently of one another. The arrangement followed a decision by DaimlerChrysler and McLaren Cars to jointly develop and produce the Mercedes-Benz SLR McLaren super sports car which was launched at the Frankfurt Motorshow in 2003 and was manufactured at the McLaren Technology Centre in Woking and at the company’s second production factory in Portsmouth, where the SLR carbon fibre bodyshells are built. The programme was planned for 7 years and around 3500 cars and the last cars were completed by December 2009, although McLaren produced 25 limited edition run of cars in 2011 called the ‘McLaren Edition’.

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