WE understand that Piers Portman, who runs the Portman Racing team in the British Formula 3 Championship is to run an Arrows Grand Prix junior team for the next five years, in a deal which is worth $7m to Tom Walkinshaw's operation.
BRITISH AMERICAN RACING has announced its plans to use Supertec Sport V10 engines in 1999 and 2000 - but the news comes as a big disappointment as the new team had been promising to surprise the F1 world with a new factory-backed engine.
THE Benetton team is expected to announce shortly that it will be using Mecachrome V10 engines again in 1999 although it is expected that these will continue to be badged as Playlife V10s and not called Supertec Sport V10s.
THE Ford Motor Company's situation in Formula 1 remains uncomfortable although Detroit insiders insist that the company was not taken by surprise when Volkswagen's subsidiary Audi bought Cosworth, which designs and manufactures F1 engines for Ford.
AS predicted, Tyrrell's deputy technical director Mike Gascoyne has left the team and is having a couple of weeks of vacation before he starts work with Jordan - possibly at the forthcoming British GP.
FURTHER investigation into the contractive suspension - the system which we believe McLaren is using to gain a massive advantage over the opposition this season - reveals that a similar system has been patented and trademarked by a French company called SA Mauro Bianchi, based in Cogolin in Provence.
WITH Goodyear continuing to pursue its incomprehensible plans to withdraw from Formula 1 at the end of the year, Michelin's sporting boss Pierre Dupasquier is pushing hard to convince the French tiremaker to leap into Grand Prix racing with Williams and Ferrari.
THE Honda Motor Company continues to put out confusing smokescreens about its Formula 1 plans, with contradictory rumors circulating in the Magny-Cours paddock last weekend.
BOBBY RAHAL stops driving at the end of this season and is looking for a top name from Grand Prix racing to replace him in CART racing.
THERE has been a management shake-up at Peugeot Sport with managing-director Pierre-Michel Fauconnier being "promoted" to a new position in South America and his job at Velizy being taken by public relations supremo Corrado Provera.
THE Extraordinary General Assembly of the FIA in Stockholm has elected Marco Piccinini its Deputy President.
THE FIA World Motor Sport Council met in Stockholm last week and voted through changes which are the result of the months of wrangling over the new Concorde Agreement.
AS we predicted two weeks ago Air Canada is to sponsor the Canadian GP for the next five years.
LOCAL hero Jean Alesi gave French fans something to dream about last week when he set the fastest lap of the four days of testing at Magny-Cours in his Sauber Petronas.
AS we predicted a month ago Volkswagen is trying to buy the rights to the Bugatti name from Italian businessman Romano Artioli.
BOTH Michael Schumacher and Heinz-Harald Frentzen had big accidents on Friday at Magny-Cours - but contrary to early reports they did not hit one another.
INDIANAPOLIS MOTOR SPEEDWAY is waiting to hear from Formula 1 boss Bernie Ecclestone whether there can be a Grand Prix at The Brickyard in the year 2000.
DENMARK may have lost its only current Formula 1 driver with the announcement that Jan Magnussen is being booted out of his Stewart Ford drive, but there could be another Dane in Grand Prix racing within a matter of days.
THE FIA General Assembly met in extraordinary session last week in Stockholm to agree a number of important changes in the organization's structure.
JAN MAGNUSSEN has been dropped by Stewart Grand Prix and will be replaced for the rest of the year by Jos Verstappen.
THE financial details of the new Concorde Agreement remain a mystery but there is no doubt that at least some of the benefits will only be paid out to the top 10 teams, based on their performances in the previous two half-seasons.
TONY GEORGE, the boss of Indianapolis and the man who runs the Indy Racing League, flew to London last week to meet F1 boss Bernie Ecclestone to discuss the possibilities of a Grand Prix at Indianapolis in the year 2000.
AS we predicted back in March, the Honda Motor Company will enter Formula 1 in 1999 with an announcement expected to be made at the British Grand Prix. The story has resurfaced in recent days with much excitement in the British specialist press.
HEINZ-HARALD FRENTZEN emerged fastest during a weather-hit three-day test last week at Silverstone.
THERE have been rumors for some time that CART ace Alex Zanardi is planning to return to Formula 1 next year but in recent days we have heard a remarkable story suggesting that NASCAR's Jeff Gordon has also been approached by WilliamsÊGrandÊPrix Engineering to consider a career in Formula 1 racing.
AS predicted Volkswagen has bought the Lamborghini car company, through its Audi subsidiary.
ONE or two curious facts have emerged in the wake of the announcement that Volkswagen is to buy Cosworth which would seem to indicate that the Ford Motor Company was not perhaps quite as prepared as it would like to appear to be.
CANADIAN Health Minister Allan Rock last week introduced legislation which will result in a complete ban on tobacco sponsorship in Canada within five years.
MIKE GASCOYNE, Tyrrell's deputy technical director, is expected to move to Jordan Grand Prix shortly to take over as technical director from Gary Anderson.
UNLESS there is a decisive move shortly from the management of Goodyear in Akron, Ohio, it will soon be too late for the American tire-maker to reverse its incomprehensible decision to pull out of Formula 1.
IN Canada there were whispers in the paddock that British American Racing may be in the process of concluding a deal to run Reynard-Lamborghinis in the 1999 Formula 1 World Championship.
THE future of Grand Prix racing in the United States of America remains a subject of much speculation at the moment with various different groups vying to organize a race in the year 2000 when Bernie Ecclestone is planning to relaunch the sport into the US.
THE Formula 1 paddock is waiting impatiently to hear details of Craig Pollock's all-singing, all-dancing BritishÊAmericanÊRacing package for the 1999 season.
EUROPE's biggest car manufacturer Volkswagen has agreed to buy Cosworth, the engine-building subsidiary of Vickers.
THERE has been a lot of talk in recent days suggesting that the Renault car company is considering a return to Formula 1 as an engine supplier.
BENETTON, Stewart, Jordan, Arrows and Tyrrell were all in action last week at Silverstone with Rubens Barrichello surprising everyone by setting the fastest time of the three-day test.
AS we predicted a month ago the FIA is to sue the European Commission for damages resulting from press leaks by the European Competition Commissioner Karel Van Miert and his staff which has harmed the reputation of the sport's governing body and its business transactions.
SAUBER is still maintaining its illogical refusal to sign the Concorde Agreement and in recent days Sauber PetronasÊEngineering chairman Fritz Kaiser has been quoted as saying that this because of the problems between Formula 1 racing and the European Commission.
DAIMLER-BENZ chairman Jurgen Schrempp last week told the company's annual general meeting that it was "absoluteÊnonsense" to suggest that Michael Schumacher would join the McLaren-Mercedes team in 1999. Schrempp said that MikaÊHakkinen and David Coulthard were "very successful" and were "very likeable people".
SYLVESTER STALLONE and a party of Hollywood movers and shakers were present in Monaco to see how they are going to make a movie about Grand Prix racing.
FURTHER details are emerging about the future of Grand Prix racing in South Africa with the recent announcement by the cellular telephone company Vodacom that it will pour as much as $50m into the sport in the course of the next five years.
AS we suggested in March, Toyota is considering a Formula 1 program and company president Hiroshi Okuda last week refused to deny the possibility of a Toyota F1 team.
ALTHOUGH the Monza testing last week was badly disrupted by rain, the dry sessions gave Williams the chance to test arevised version of its FW20 chassis, which has been reworked at the rear.