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Jan
15th

F1: Lotus boss Gerard Lopez plays down team collapse fears

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From GMM

Lotus owner Gerard Lopez has moved to allay fears the Enstone based team is on the verge of collapse.

When the FIA issued the official 2014 entry list recently, Lotus' place was marked with a conspicuous asterisk, fuelling rumours of financial doom.

"We just had the wrong team name on the list, namely the one of two years ago," Lopez told Germany's Auto Motor und Sport on Wednesday.

"I can assure you -- everything is still the same."

Despite the reassurance, however, many wonder if the now-terminally delayed 'Quantum' buy-in has derailed Lotus, who have turned to the lucratively-backed Venezuelan Pastor Maldonado to replace unpaid Finn Kimi Raikkonen.

Gerard Lopez insists Kimi Raikkonen has now been "partly paid". "He will get the rest," he added.

But Lotus is also sitting out the forthcoming Jerez test, where every other team is expected to put the newly V6-powered single seaters through their paces for the first time.

Like the entry list, Lotus' absence will be conspicuous.

"We are very satisfied with the development of our car," Lopez said, "which will perhaps look a bit different from the others.

"We believe it is better to use the next few weeks in the wind tunnel, which will give us more than one test on the track would."

He insists that missing Jerez will not give Lotus' rivals a head-start when it comes to understanding the new turbo 'power unit'.

"There is also Red Bull, Toro Rosso and Caterham testing (the Renault engine), and the findings will also benefit us," said Lopez.

"Any changes Renault makes before the Bahrain test will also be in our car," he explained.

"The first real test is in Bahrain," said Lopez. "Before that, we can find more laptime in the factory."

But, actually, Lotus or Renault never officially announced a new deal for 2014. Does the team even have an engine for 2014?

"We have the Renault engine," Lopez insisted, "but Lotus is not just a customer of Renault. Our engineers for example have helped develop the KERS. So we have tried to agree that it is more than just an engine deal, which has delayed the negotiations somewhat."

F1 Lotus E22 teaser
Teaser of the E22 posted on the Lotus website. (Photo: Lotus F1 Team)

But now terminally delayed, Gerard Lopez admitted, is the Quantum deal.

"The money never arrived," he said, "so we cancelled it. For 2014, our budget is complete with our new sponsor PDVSA."

Finally, Lopez played down reports of a link with the Italian marque De Tomaso.

"There is currently nothing to it," he said, but he did admit that he is looking into developing a carbon sports car, and "De Tomaso is an option".

"But this has nothing to do with formula one," added Lopez.


Jan
15th

F1: Christian Horner predicts high retirement rate during first 2014 races

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Red Bull Racing team principal, Christian Horner, said he expects to see a high retirement rate at the opening round of the 2014 Formula 1 season in Melbourne, Australia.

During an interview on Bloomberg TV, Horner said the introduction of the new, 1.6L turbo hybrid engines in F1 this season really is major.

“It is a massive change. It's also extremely expensive. It will definitely be a game changer,” said Horner.

“We'd love everything to be frozen as it was at the end of last year!” he added with a smile on his face.

“But this change in technical regulations was long overdue and it brings the F1 engine technology more in line with the automotive sector. However, timing isn't great because it's a huge investment for all the teams. But it's part of the game. Regulations change every year and we have to adapt to them,” Horner declared.

Horner added that he thinks the smaller teams will have even more problems in 2014.

“For the back of the grid, it is a huge challenge. The differences between the teams will be bigger this year. Every time there's a reset, teams that have the resources will always turn out with a better product. Yes, I think F1 could become a two-speed sport this year,” he explained.

The Brit added that he expects the first races of the season to be a major hurdle for some teams.

“I think you could see a very high retirement rate early in the season -- maybe even 50% in the first race. Petrol is a problem this season as we are limited to just 100kg of fuel for the race. Reliability will be a major concern,” Horner concluded.

Jan
15th

F1: Scuderia Ferrari to launch 2014 turbo car next week

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From GMM

Ferrari confirmed on Wednesday that it will launch its 2014 car on 25 January.

We reported last week that the famous Italian team would have its new car ready for a Jerez debut, with an official launch date set for Maranello a few days earlier.

Indeed, on Wednesday, Ferrari said it will reveal its car on the internet with a series of exclusive photos on 25 January, a day after the official name is announced.

Before then, fans can vote for the name in an online poll, with the five options being F14 T, F14 Maranello, F14 Scuderia, F166 Turbo and F616.

The early frontrunners are F166 Turbo and F14 T.

Click here to cast your vote!



Jan
14th

Ford’s Fields: ‘Automotive has all of the excitement of Silicon Valley’

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Driven by the rise of the millennial generation and a global growth boom, the auto industry is in the midst of a new golden age, said Mark Fields, Ford COO, in a speech at the Automotive News World Congress.
Jan
14th

‘Digital first’ is now automaker marketing execs’ mantra

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Social media, YouTube videos and other digital advertising platforms are now driving how automotive marketing executives plan their campaigns, a panel of automotive marketing executives said today.
Jan
14th

Toyota wants a bulletproof fuel-cell entry

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Toyota is ready to take some flak when it plunges into mass-market hydrogen fuel-cell vehicles next year. Literally.
Jan
14th

Ford to drop F-150 Tremor from truck lineup

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Ford will discontinue its F-150 Tremor sport truck after just one model year.
Jan
14th

GM to pay first dividend in 6 years

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General Motors will pay the first quarterly dividend on its common stock in almost six years, marking another step in the recovery from its 2009 bankruptcy.
Jan
14th

Ford wins 4th straight Polk award for most-loyal customers

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Ford earned honors for the fourth consecutive year as the car company with the most-loyal customers, according to the Polk Automotive Loyalty Awards presented at the Automotive News World Congress by IHS Automotive.
Jan
14th

AutoNation’s Jackson warns of excessive inventory levels in 2014

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AutoNation CEO Mike Jackson is warning manufacturers to slow production in 2014. Jackson said the auto industry is unlikely to grow in 2014 at the same rate it has been growing in the past few years.
Jan
14th

GERMANY: Kia Motors Europe appoints new marketing chief

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Kia Motors Europe has appointed Artur Martins, formerly of VW in Brazil, as Vice President of Marketing with immediate effect.
Jan
14th

GERMANY: Kia Motors Europe appoints new marketing chief from VW Brazil

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Kia Motors Europe has appointed Artur Martins, formerly of VW in Brazil, as Vice President of Marketing with immediate effect.
Jan
14th

Mulally: Auto industry needs privacy boundaries set by law

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The automotive industry needs legislation to protect drivers' privacy as more cars utilize data for location tracking and other services, Ford CEO Alan Mulally said Tuesday.
Jan
14th

Nissan talks future plans at Detroit auto show: Debuts Sports Sedan Concept, IDx prototypes

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Nissan Sports Sedan Concept
Jan
14th

DETROIT SHOW: Michelin expects competitor response to new Premier A/S tyre

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Michelin North America says it expects competitors to respond to today's (14 January) launch of its new Premier A/S (All Season) tyre at NAIAS in Detroit.
Jan
14th

GM’s 2013 global sales rise 4.5% for narrow lead over VW

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General Motors announced global sales results that show a narrowing lead over Volkswagen in 2013 as deliveries in China failed to outpace its ambitious German rival.
Jan
14th

Famous British villains star in Jag Super Bowl ad: Campaign centered on F-Type Coupe

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Thor menace Tom Hiddleston (Loki) and bald Brits Sir Ben Kingsley and Mark Strong will appear in Jaguar's first-ever Super Bowl commercial in February for the
Jan
14th

Tesla touts top sales at Detroit auto show: EV maker credits cold-weather performance of its Model S sedan

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Jan
14th

UK-made Honda car adverts win industry awards

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News 14 Jan, 2014

Two of Honda's UK-created adverts have won awards in the industry’s ad Oscars

Jan
14th

DETROIT SHOW: Michelin urges political leaders to address US deficit

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Michelin North America is asking US political leaders to find a solution to the country's deficit issues and capitalise on business expertise in tackling the challenges.
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