Archive for January, 2011

SOURCES: Group Lotus needs a BIG refinancing

According to an article in Malaysia’s ‘The Star Online‘, Proton Holdings Bhd is talking to funders to raise an eye-watering amount of loans and investments totalling RM2.35bil in order to deliver the Group’s 5 year turnaround plans which include launching an unprecedented number of new models by 2012 and selling large numbers of each year on year.

The article is well worth a read.

In view of that it’s hard to understand how Group Lotus has the money to invest large sums in the Renault Formula 1 team at a time when much larger car makers are getting cold feet. Still, I’m sure they know what they’re doing.

A10 World Series coverage continues – Stay awake at the back!

What have I got myself into? One innocent post suggesting I was vaguely looking forward to having my curiosity satisfied when a countdown clock reached zero…

But no. Another day another announcement. Here’s the latest from a10ws.com :

There will apparently be 20 races in 10 Host Countries within:

  • Africa
  • Asia
  • Central America
  • Europe
  • Oceania
  • South America
  • The Middle East

That doesn’t narrow it down much but nothing in the US or Canada, and I guess Mexico is included. All sounds quite A1GP still.

Tune in tomorrow etc.etc… I’m going for a snooze now.

A10 World Series V10 engine looks like a Judd GV 5.5 litre LMP1 V10…

Thanks to JT who has provided this link to the Judd GV 5.5 litre LMP1 V10, which looks remarkably similar to the engine on the A10 World Series site.

Never mind A10 World Series – what about INDYCAR? – the IRL rebrands…

I thought it was high time to talk about something other than A10 World Series, which is producing an increasingly irritating drip feed of non-announcements.

Today they’ve revealed a picture and sound clip of their V10 engine, but I’m starting to think they don’t really have much to announce, otherwise GET ON WITH IT ALREADY!!. It’s also clear from the comments that the untimely demise of A1GP following its non appearance in Australia and subsequent collapse continues to inspire genunine ill-feeling (not least amongst those who lost considerable sums of money) – and that won’t change in a hurry since credibility is easy to lose and hard to regain.  

So never mind that, let’s look instead at a series on the up>

This week’s ‘State of INDYCAR’ address by Randy Bernard has attracted rave reviews, like this one, and in my opinion justifiably so. It’s clear to see that the IRL under Bernard has a new sense of optimism and purpose, and that all those involved in the sport have a real sense that a corner has been turned.

Key announcements on the day included the saving of the Edmonton race, which had previously been cancelled, introduction of double file restarts*, and continued progress on reshaping the series for the future.

Double file restarts are not the only sign of ‘borrowing what works’ from NASCAR, with the renaming of the sanctioning body IRL as simply INDYCAR in an echo of the stock car series naming.

INDYCAR is an easy name for casual observers to remember and identify, and importantly it doesn’t carry the baggage of IRL vs Champ car.

I think any fan of single seater racing should enthusiastically support the current developments. With the centenial Indy 500 coming this year and new cars (finally) expected around the corner it’s a great time to improve interest in the series.

At the INDYCAR events I’ve been to I’ve always been impressed by the sense of family and camaradarie in this series. I’d really love to see it right at the top of single seater racing, challenging F1 in terms of speed and spectacle (obviously with a much lower cost base) with a mix of ovals and road courses, US and overseas drivers, and three or four multi car teams challenging for wins.

By the way, if you’re not familiar with INDYCAR then check out INDYCAR Race Control and see how far ahead of F1 they are with that system which provides not only live timing, but also in car action and telemetry for your favourite drivers.

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*Double file restarts are proving a bit controversial with drivers pointing out that there’s a hell of a difference between a bunch of Sprint Cup cars bumping their way through a restart and a bunch of single seaters restarting wheel to wheel on marbles at top speed. Watch this space.

A10 world series – whose V10 is it?

So the a1gp ferrari engines were V8s, thr superleagues are V12s. Wonder whose engine it is? The colours are reminicent of cosworth arent they?

Does anyone have any guesses?

A10 world series teases!

Well, the launch time has come and gone, A10 world series has revealed that the /\ in its logo is an upside down v, signalling V10 engines. But whose!? More tomorrow according to the site – wonder what is to come…

A10 World Series to launch in 18 hours and counting.

An exciting countdown is running over at http://www.a10worldseries.com/ announcing the launch of the A10 World Series in just a few hours.

A UK limited company of the same name is registered to an address also shared by an organisation called Teamcraft Motorsports, who I understand ran several A1GP teams and launched a British F3 team ahead of the 2010 season.

Let’s hope they’ve found an exciting new use for the Panoz A1GP cars, which always reminded me of Champ Cars.

Always good to see a new series. Thanks to Keith at http://www.f1fanatic.co.uk/ for the tip via his twitter account.