THE rumors in the Brazilian Grand Prix paddock suggesting that Julian Jakobi and Craig Pollock - Jacques Villeneuve's agent and manager respectively - are planning to join forces to establish their own Formula 1 team appear to be rather more advanced than the project is itself.
FERRARI President Luca di Montezemolo told Italian pressmen at Imola that Goodyear is "a sleeping giant" which needs to wake up to the challenge from Bridgestone.
THE French Grand Prix will go ahead as planned on June 29, following a fierce battle within the French government.
F1 boss Bernie Ecclestone is trying to convince the Malaysian government to push forward its plans to hold a Grand Prix in 1999.
AS we predicted in June last year Adrian Newey is to join McLaren, becoming technical director of the team on August 1.
POWER HORSE, one of the major sponsors of the Arrows F1 team, is rumored to be in financial difficulties following problems with the Promotor-Yamaha 500cc motorcycling team which Power Horse owner Alfred Inziger controls.
PIERRE DUPASQUIER, head of Michelin's motor sport division, popped up at Imola last week, but claimed that the French tire company has no immediate plans to enter Grand Prix racing.
JORDAN drivers Giancarlo Fisichella and Ralf Schumacher have agreed to disagree after their collision in the recent Argentine Grand Prix.
JACQUES VILLENEUVE has spoken out against the "ridiculous" new regulations which the FIA has introduced for 1998 in an effort to slow down F1 cars.
THERE was a lot of talk in the Imola paddock about who will supply the Jordan team with engines in 1998 as Peugeot is expected to begin an exclusive deal with Prost Grand Prix.
AS part of his program to strengthen the F1 package in the long-term, Bernie Ecclestone is talking about introducing a $24m deposit for any new teams wanting to enter the Formula 1 World Championship.
THE Formula 1 teams returned to Europe last week after the two South American races and almost immediately testing began in preparation for the European season which begins next week at Imola.
THE Societa Allestimento Gestione Impiante e Servizi (SAGIS) at Imola has signed a new contract with F1 boss Bernie Ecclestone for the San Marino Grand Prix to be held at the circuit until after the race in the year 2001.
HUGUES de Chaunac-Lanzac, the French aristocrat who is close to Alain Prost, has started to prepare for his new role in Prost Grand Prix.
FERRARI has sold its Ferrari Design and Development facility in Shalford, Surrey, to John Barnard.
THE TAG McLaren empire has promised that it will be employing 1000 people within the next three years.
THE deal currently being put together for Williams to take over some of BMW's sporting operations from McLaren is not entirely surprising, given that Mercedes - which supplies McLaren with engines in F1 - is now involved as a direct rival to the McLaren-BMWs in the FIA Grand Touring Championship.
RUMORS in France are suggesting that Japanese driver Shinji Nakano will be dropped by Prost in the weeks ahead.
IT is ironic that with Jacques Villeneuve the strong favorite to win the Formula 1 World Championship this year, the Canadian government is risking the health of the motor sports industry in the country with tough anti-tobacco legislation.
THE Ford Motor Company has been forced to admit that the Formula 1 V10 engine it built at the start of last year is never going to be competitive enough and that a new design must be undertaken for the 1998 season.
FORMULA 1 team boss Eddie Jordan and star driver Michael Schumacher have finally managed to settle a dispute, which has been going on since Schumacher walked out of a Jordan drive in September 1991 to join Benetton.
ALTHOUGH there were reports last week that Lola boss Eric Broadley wants to get back into the FIA Formula 1 World Championship later this year, our sources suggest that the entire Lola Cars company is in more financial trouble than had been thought as a result of the abortive Mastercard Lola Formula 1 team.
IN recent days Alain Prost has been putting into place some of the new marketing structure for Prost Grand Prix.
WILLIAMS will continue to be sponsored by Rothmans for 1998. It will be the cigarette company's fifth season with the team.
RALF SCHUMACHER may have celebrated Jordan's 100th Grand Prix with third place in Buenos Aires - in only the young German's third Grand Prix - but there was little rejoicing in the Jordan garage as on his way to the podium Ralf had collided with his team mate Giancarlo Fisichella and put the Italian out of the race, thus depriving Jordan of the chance to score more points in the Constructors' Championship.
WHEN it was first suggested that Tom Walkinshaw was in the process of trying to do a deal with Ferrari designer JohnÊBarnard, Tom did his best to play down the stories, saying that vague talks had been taking place but that nothing was finalized.
THE Argentine Grand Prix ended up being a clean sweep for Goodyear, with the top eight finishers all using the American rubber.
WILLIAMS and BMW are going to work together in the future, but rumors suggesting that this will be in Grand Prix racing are wide of the mark.
THE Sauber Petronas Formula 1 team is already looking at its driver line-up for next season in an effort to have another established star alongside Johnny Herbert.
ALAIN PROST has confirmed that he is not intending to do a deal with Ferrari designer John Barnard for the complete design of his future Formula 1 cars.
RUMORS in French circles in recent days suggest that Alain Prost is going to sign up currently unemployed French driver Emmanuel Collard to be his team's test driver, in preparation for the arrival of Peugeot V10 engines next year.
FORMER Formula 3000 driver Wim Eyckmans says that he is planning to put together his own Grand Prix team for the 1998 season.
WILLIAMS driver Heinz-Harald Frentzen had a disappointing performance in Brazil, where he qualified a disastrous eighth on the grid and then could finish no higher than ninth in race.
THE constantly-recycling rumor that BMW will enter Formula 1 next year has popped up again, the suggestion this time being that the Munich-based car manufacturer - which is currently making healthy profits and looking to new markets around the world - will pay for the Mecachrome V10 engines which Williams will be using next season.
THERE are suggestions from the Middle East that Lebanon would like to host a Formula 1 Grand Prix.
MICHAEL SCHUMACHER flew back to Europe after the Brazilian Grand Prix to test for Ferrari at Mugello, outside Florence in Italy.
HAVING been left in the lurch by the demise of the Mastercard Lola Formula 1 team, Brazilian racer Ricardo Rosset - and his manager Richard Dutton - have been negotiating in recent days with the Jordan team in the hope that Rosset can get a job testing for the Silverstone operation.