Singapore: Motor racing business Formula One Group has decided to delay its initial public offer on the Singapore stock exchange, dropping plans to lodge a prospectus with regulators there next week, a source familiar with the decision said on Friday. The source, who was not authorised to speak publicly on the matter, said the offer, worth up to $3 billion, had not been abandoned altogether but would not be going...
09:35 AM, Jun 01, 2012
London: Those who thought Mark Webber had blown his one and only chance of winning the Formula One title back in 2010 may need to rethink after the Australian's pole to flag Monaco Grand Prix victory. In this most unpredictable of seasons with an unprecedented six different winners in six races, Webber has become a contender again. With 14 races remaining, the 35-year-old is level on points with Red Bull...
03:22 PM, May 29, 2012
Monaco: The start was poor, his pit stop disappointed and even the numbers on the pit board provided a slap in the face for Lewis Hamilton at his favourite Monaco Grand Prix on Sunday. McLaren's 2008 world champion started the race at his favourite track in the third place on the grid and ended the afternoon fifth, the two places lost in the pits. Before the weekend the 27-year-old had...
02:32 PM, May 28, 2012
Monte Carlo: Sahara Force India recorded their best finish of the season with Paul di Resta and Nico Hulkenberg securing seventh and eighth position respectively at the Monaco Grand Prix in Monte Carlo on Sunday. It was the second double finish of the season for Force India since both its cars got into the top 10 at the Sepang International Circuit in Malaysia in March. Force India thus picked up...
10:54 PM, May 27, 2012
Monaco: Mark Webber won the Monaco Grand Prix on Sunday to make Formula One history, while Fernando Alonso moved narrowly into the championship lead. Webber, who started from pole position, is the sixth different driver to win in the opening six races of the season, a first for F1. With drivers favouring a one-stop tire strategy on the most difficult track for overtaking, Webber effectively needed to make it to...
08:04 PM, May 27, 2012
Monte Carlo: Nico Hulkenberg and his team-mate Paul Di Resta will start at the fifth and seventh rows respectively at the grid on Sunday as the Sahara Force India team had a decent qualifying session at the Monaco Formula One Grand Prix in Mnte Carlo on Saturday. Hulkenberg qualified in P11 ahead of Di Resta in P15. With a grid penalty for Pastor Maldonado of Renault, both the Sahara Force...
10:13 PM, May 26, 2012
Monaco: Veteran Michael Schumacher posted the fastest time in an action-packed qualifying session at the Monaco Grand Prix on Saturday, but a grid penalty means that Mark Webber's Red Bull will start Sunday's race in pole position. Webber beat Nico Rosberg's time on his final lap, only for the 43-year-old Schumacher to surpass Webber's effort just moments later in a thrilling finale. But the grid penalty Schumacher incurred at the...
07:18 PM, May 26, 2012
Monaco: France's sole Formula One champion Alain Prost fears the chances of the country hosting a grand prix again in the near future have receded. "I am not optimistic," he told reporters at the Monaco Grand Prix, where Lotus driver Romain Grosjean has a real shot at becoming the first French winner since Olivier Panis in 1996. "I think it's going to be difficult," he said. "It's not only a...
05:24 PM, May 26, 2012
Monaco: Formula One motor racing has installed Nestle's Peter Brabeck as its chairman following a board meeting at the Monaco Grand Prix on Friday, Brabeck told Reuters. The motor racing series has been cleared to float on the stock market in Singapore but Brabeck, who chairs Swiss food group Nestle, said no final decision had been taken on whether to proceed with a listing that could value the business at...
10:16 PM, May 25, 2012
Monaco: Force India expect Paul Di Resta to stay with them next season but would understand if the highly-rated British Formula One driver wanted to move elsewhere, team owner Vijay Mallya said on Thursday. Di Resta won the German touring car championship with Mercedes in 2010 and has been touted as a possible replacement at that team for Michael Schumacher. Schumacher's contract expires at the end of 2012. Di Resta...
05:18 PM, May 25, 2012
Monaco: Lotus have ruled out Kimi Raikkonen mixing Formula One and rallying after speculation that he could enter Rally Finland later this year. The former Renault team lost Polish driver Robert Kubica to life-threatening injuries last year and principal Eric Boullier made clear at the Monaco Grand Prix on Thursday that Raikkonen could not be put at risk. "Contractually he cannot do it. End of story," he said. "Obviously there...
11:38 PM, May 24, 2012
Monaco: Jenson Button posted the fastest time in a rainy second practice at the Monaco Grand Prix on Thursday, and French rookie Romain Grosjean impressed again for Lotus while Felipe Massa found some much-needed form. With the track slippery after a downpour briefly interrupted the second session, drivers switched to intermediate tires. But Button had already clocked 1 minute, 15.746 seconds for McLaren on dry tires and that marker was...
08:35 PM, May 24, 2012
Monaco: Formula One co-leader Fernando Alonso powered his Ferrari to the fastest time in a shortened first practice session at the Monaco Grand Prix on Thursday, finishing ahead of rookie Lotus driver Romain Grosjean and Sauber's Sergio Perez. The two-time former champion, second behind Sebastian Vettel in last year's race, drove smoothly as he posted a time of 1 minute, 16.265 seconds. Vettel, who shares the championship lead with Alonso...
04:31 PM, May 24, 2012
Monaco: When Sebastian Vettel headed to the Monaco Grand Prix last season, all the talk was of how quickly the Red Bull driver would wrap up the Formula One championship. It could not be more different this year, with the two-time defending champion level on points with two-time former champion Fernando Alonso of Spain and seven drivers within 20 points of each other in one of the most wide-open seasons...
12:54 PM, May 24, 2012
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