NEWS ARCHIVE
RACE REPORT - THE GERMAN CIVIL WAR...
European GP - Race Report
DENNIS SAYS A DEAL IS CLOSE
The Formula 1 political battles may be coming to an end, according to a number of team bosses who said that a meeting last week between the major players moved towards a solution which will keep everyone happy.
SUNDAY PHOTOS
European GP - Sunday Photos
RACE RESULTS
European GP - Race Results
COSWORTH AND GENERAL MOTORS
The word from America is that the the recent test of the Cosworth-designed Indy Racing League engine resulted in times which were five miles an hour faster than the existing Chevrolet unit and we hear that a deal has been agreed between the two parties.
KURT BUSCH VISITS NURBURGRING
NASCAR Winston Cup star Kurt Busch was a fascinated visitor at the European Grand Prix at the Nurburgring. The 24-year-old from Las Vegas was on his first trip to Europe, taking advantage of a rare weekend off from NASCAR activities.
ENRICO TOCCACELO WINS NURBURGRING FORMULA 3000
A month after a controversial incident at Monaco Enrico Toccacelo (Super Nova Racing) and Vitantonio Liuzzi (Red Bull Junior Team) found themselves fighting it out in the Nurburgring round of the FIA International Formula 3000.
THE NEXT PROBLEM FOR WILLIAMS AND BMW
The signing of a new contract between Williams and BMW gets rid of long-term problems for the team, but it is not going to be long before another problem emerges.
WHAT IS HAPPENING AT SAUBER?
Sauber's run of engine failures in recent weeks has been quite dramatic and there are some fairly unhappy people at Hinwil.
SATURDAY PHOTOS
European GP - Saturday Photos
QUALIFYING RESULTS
European GP - Saturday Qualifying Results
WARMUP RESULTS
European GP - Saturday Warmup Results
PRACTICE RESULTS
European GP - Saturday Practice Results
A MCLAREN JUNIOR TEAM IN THE WINGS...
Mercedes-Benz Motorsport chief Norbert Haug said at the European Grand Prix that the Stuttgart car company will be willing to supply a second team with engines next year.
BARRICHELLO AND SAUBER
At the European Grand Prix at the Nurburgring there were stories suggesting that Ferrari is going to have a reshuffle for next year and the result will be that Rubens Barrichello is traded to Sauber.
THE F1 CALENDAR
There has been much speculation in recent days about the Formula 1 calendar in 2004.
GASCOYNE AND RENAULT
Our spies at Enstone tell us that there is currently discussion going on between Mike Gascoyne, the Renault F1 team and Toyota about a settlement which would allow Gascoyne to move to Cologne.
MASSA AND FERRARI
One rumor doing the rounds at the Nurburgring was that Felipe Massa could be moved into the second seat at Ferrari in 2004 and that Rubens Barrichello may end up being offered a drive as the number one at Sauber.
WILLIAMS AND BMW SIGN UNTIL 2009
After months of negotiations Williams and BMW have finally agreed a new five-year deal to run from the start of 2005 until 2009.
FRIDAY PHOTOS
European GP - Friday Photos
QUALIFYING RESULTS
European GP - Friday Qualifying Results
BRAZIL TO THE END OF THE F1 CALENDAR
One of the reasons that the Formula 1 calendar has yet to be announced is that the Brazilians are believed to have requested a date at the end of the F1 season.
PRACTICE RESULTS
European GP - Friday Practice Results
MINARDI SIGNS DEAL WITH WILUX
The Dutch bath and shower company Wilux has signed a sponsorship with Minardi for the rest of the season.
FORMULA 1 ASPIRANT HERTA LANDS ANDRETTI DRIVE
Bryan Herta is to replace Dario Franchitti at Andretti Green Racing for the remainder of the Indy Racing League season.
SCHUMACHER HELPS OUT THE NURBURGRING
The Nurburgring has a slightly reprofiled first corner this year as a result of requests from the drivers for changes after last year's race.
SONY SIGNS AN EXCLUSIVE DEAL WITH FORMULA ONE
Sony Computer Entertainment Europe has signed a four year exclusive official licence with Formula One Administration to be the official publisher of licensed Formula One games.
THE PEOPLE OF MELBOURNE LOVE THE AUSTRALIAN GP
A newspaper in Melbourne has run a survey and found that 53% of the residents of the local area are in favor of the Grand Prix.
TESTING RESULTS
European GP - Friday Testing Results
NICE WORK IF YOU CAN GET IT...
The Jordan-Vodafone case in the Commercial Court in London continues to throw up interesting insights into how the world of Formula 1 operates, with Joe Kieser, the chief executive of corporate and brand identity agency Brown KSDP, appearing in court.
FORMULA 1 AND CANCUN
There were whispers of Mexican interest in Formula 1 a few weeks ago when a small delegation from Cancun turned up at the Spanish Grand Prix to have a look at the Barcelona facility.
SCHEELE WARNS BRITAIN OF "INDUSTRIAL FLIGHT"
Sir Nick Scheele, the chief operating officer of the Ford Motor Company, gave a speech at the Royal Society in Birmingham this week and warned that Britain faces "stagnation and decay".
A FLIGHT OF FANCY
Congratulations must go the Agence France Presse for the most inventive story of the day. AFP has, with no help from the FIA, sent the whole of Belgium into a tail spin by announcing that the Belgian Grand Prix will be back on the F1 calendar in 2004.
THE FORMULA 1 CALENDAR IN 2004
The FIA World Motor Sport Council met today and while it did not come up with a definitive Formula 1 calendar for next year, it did block 17 dates on which Grands Prix will be held.
WORLD COUNCIL ALTERS WORDING OF TOBACCO BAN
The FIA World Council has altered the wording of its ban on tobacco sponsorship in 2006 on the advice of its lawyers. The ban, which was voted by the World Council in October 2000 was due to come into operation in 2006.
EUROPEAN GRAND PRIX PREVIEW
European GP - Preview
JEFF GORDON TALKS ABOUT F1
NASCAR Jeff Gordon says that he was offered a vague chance to race in Formula 1 four years ago but that the offer, which came from British American Racing, was to include a two-year period of getting used to open-wheeler racing in the CART series.
MCLAREN'S CRASH TEST
McLaren has delayed the introduction of the new MP4-18 until the British Grand Prix because, officially at least, it wants the car to be more reliable before it is raced. We hear that the delays actually have rather more to do with the fact that the car cannot be raced because it has yet to pass the FIA's crash-tests.
THE FIA WORLD COUNCIL IS TODAY
The FIA World Motor Sport Council meets today in Paris but there is not expected to be much excitement from the meeting with our spies suggesting that the only point of note will be a restating of the FIA's position on tobacco advertising in Europe.
MONTOYA BANNED FOR FOUR MONTHS
Juan Pablo Montoya has been banned from driving on French roads for four months.
SALO AND CART
There continue to be rumors that former Grand Prix driver Mika Salo will join Craig Pollock's PK Racing in the CART series this year. Pollock has always said that he wants to expand his team to be a two-car operation.
CART SHARE PRICE CONTINUES TO SHRINK
The price of shares in the Championship Auto Racing Teams, Inc. organisation has been sinking in recent days following the revelations last week that CART is looking for a buyer.
FORMULA ONE GROUP BACKER HITS TROUBLE
The West Landesbank, which was responsible for the Formula One bond issue a couple of years ago, is in some difficulties having just announced a loss of $2bn for 2002.
KEOHANE TO TRY FORMULA 3000?
Ireland's Michael Keohane is to test for the Team Astromega Formula 3000 operation this week at Spa. The 23-year-old Cork driver, a winner in Formula 3, is looking to move to the FIA International Formula 3000 series for the second half of the season.
MCLAREN DELAYS AGAIN
McLaren has again delayed the introduction of the new MP4-18 on the basis that it is wisest to have the car fully reliable before it is introduced in races.
ALBERS WINS AGAIN
Christijan Albers may not have had his chance in Formula 1 this year but the Dutchman has been winning ever since he landed a top drive with the AMG Mercedes team in the German Touring Car series.
BERNIE TO HAVE A PRESS OFFICER
Bernie Ecclestone has always dealt with the press in his own inimitable style but it seems that he is now falling into line with other F1 organizations and will have a press officer for Formula One Management.
PAT LONG WINS AT THE NORISRING
Patrick Long wanted to be racing in Formula 3 this year but he did not have the budget to move to the British F3 series and so took the decision to become a Porsche factory driver in the Carrera Cup series, driving for the UPS-sponsored Porsche Junior Team.
MUD AND FUR FLYING
The Jordan-Vodafone case is providing plenty of controversy at the moment with both sides out to win the battle in the court room and outside.
TRULLI AT RENAULT
According to Renault Sport Flavio Briatore, Jarno Trulli - who is managed by one of Briatore's companies - will stay at Renault next year.
JUNIOR ROUND-UP
The Formula 3 Eurocup and Formula Nissan teams were in action this weekend at the Norisring and at Monza respectively
NO CONFUSION AS STODDART PURCHASES ARROWS CARS
Despite stories to the contrary the purchase of five Arrows chassis by Minardi sponsors is not confusing at all, if one talks to the people involved.
WHY THE BRITISH GOVERNMENT SHOULD HELP SILVERSTONE
Jackie Stewart has been campaigning to get the British government to support Silverstone for some years now and wants taxpayers' money to be taken from the government's sport, education, local development and transport budgets in order to safeguard the future of the British Grand Prix
BMW AND THE GPWC
The GPWC has never been a very cohesive organization with announcements such as the commitment to supply cheap engines to F1 teams not being supported by all the companies involved. Now it seems BMW is less than happy with the predominant role being played in the GPWC by rival Mercedes-Benz.
BAD NEWS FOR THE GERMAN MOTOR RACING INDUSTRY?
The accounting firm Ernst & Young has recently conducted a series of interviews with chief executives of German automotive supply firms and 90 of the 130 interviewed say that they expect bankruptcies, mergers and sell-outs in the sector in the next two years.
JORDAN AND MERCEDES BENZ
In amongst the fireworks at the FIA Press Conference last Friday in Montreal there was a rather odd exchange when a German reporter with links to Mercedes-Benz began asking Eddie Jordan who had paid for him to lease trucks at the Spanish Grand Prix.
FRANCHITTI OUT FOR THE SEASON
Dario Franchitti is to miss the rest of the Indy Racing League races in order to sort out a problem with his back. Franchitti recently made his return to IRL after missing three races because he fractured his back in a motorcycle accident.
MONTAGNY GETS HIS DAY IN THE SUN
Franck Montagny was named as a Renault test driver this winter, in part because Renault felt the need to have a Frenchman somewhere in the program.
TROUBLE STILL BUBBLING FOR DAIMLERCHRYSLER
Daimler-Benz's takeover of Chrysler in 1998 continues to be a bone of contention with a federal judge in Delaware recently declaring that a lawsuit against the German giant can be seen as a class action.
YOONG FOR BATHURST
Former F1 driver Alex Yoong is to race in the Bathurst 24 Hour race in November. The Malaysian will race a BMW320i for SAE Racing.
TRADING TOBACCO FOR MOBILES
The impending announcement that NASCAR is to switch its title sponsorship from Winston cigarettes to the Nextel cell phone company is an indication of what is likely to happen in the future when Formula 1 is forced to give up on its tobacco dependency in 2005 or 2006.
BRDC REJECTS ECCLESTONE CRITICISM
The British Racing Drivers' Club, which owns Silverstone, has hit back at comments made about the venue by Formula 1 boss Bernie Ecclestone, calling them "totally unwarranted"
STODDART STILL GOING AFTER FIGHTING FUND
The political fireworks in Canada seemed to have been settled when Bernie Ecclestone stepped in and invested in the Minardi team but Paul Stoddart says that he has not given up on his fight to have the big teams honor their promises.
A MYSTERY
There are many in Formula 1 who are trying to work out a mystery which emerged from the Canadian Grand Prix weekend: How did Fernando Alonso manage to set the fastest lap of the race in his Renault?
CANNIBALISM IN FORMULA 1...
Paul Stoddart was so short of cash until the recent deal with Formula 1 boss Bernie Ecclestone that he was unable to buy in some of the basic raw materials to build and repair Formula 1 cars, notably carbon materials.
STATUS QUO TO HEADLINE SILVERSTONE PARTY...
Status Quo, a British rock band which dates back to 1967, is to headline the British Grand Prix post-race concert. The Quo will be joined by Damon Hill and the Six Pistons and Eddie Jordan's V10.
THE AMERICAN GRAND PRIX SERIES
The plans announced by CART to take the company private again with new owners is no great surprise and has been expected for some time but the most important question is who the new owners will be. There has been much speculation that Bernie Ecclestone could be the new owner.
ECCLESTONE ATTACKS SILVERSTONE (AGAIN)
Bernie Ecclestone has once again launched an attack on the British Grand Prix, saying that the race does not have to happen and said that despite all the recent road improvements the race is still "embarrassing".
CART IS UP FOR SALE
The CART organization has hired the Wall Street Bear Stearns to help it look at its future options. CART is a publicly traded company but has been struggling in recent years.
JORDAN GOES TO COURT
Eddie Jordan began his legal action against Vodafone in court in London, claiming $252m for a sponsorship deal which he says was agreed. Vodafone decided to sponsor Ferrari instead.
NEXTEL TO SPONSOR NASCAR
It is expected that the Virginia-based wireless communications company Nextel will become the new title sponsor of NASCAR's top series, currently called the Winston Cup.
WURZ ESCAPES MP4-18 CRASH
McLaren test driver Alexander Wurz crashed one of the new MP4-18s heavily at Jerez on Tuesday, seriously damaging the car and comes just 10 days after another big crash for the MP4-18 in testing.
RACE REPORT - AFTER YOU MICHAEL...
Canadian Grand Prix - Race Report
MR E AND MINARDI
The announcement that Bernie Ecclestone has bought into Minardi came as a big surprise in Formula 1 circles - as indeed it was intended to be. A few hours before the news Bernie Ecclestone was happily telling journalists that Paul Stoddart had done the sport harm with his Friday press conference.
A DECISION ON THE NEW MCLAREN THIS WEEK
McLaren will later this week decide whether or not to debut the MP4-18 at the Nurburgring.
RACE NOTES - SCHUMACHER TAKES 68TH VICTORY IN MONTREAL
Canadian GP - Race Notes
RACE RESULTS
Canadian GP - Race Results
AN ELEGANT SOLUTION FOR FORMULA 1
The leading players in Formula 1 have come up with an elegant solution to the problems of the F1 "fighting fund" after a rather messy press conference on Friday. The solution came on Saturday morning when Bernie Ecclestone offered to by a shareholding in Paul Stoddart's Minardi team.
SUNDAY PHOTOS
Canadian GP - Sunday Photos
SATURDAY PHOTOS
Canadian GP - Saturday Photos
A SETTLEMENT FOR THE SMALL TEAMS
The Formula 1 team bosses had a meeting after qualifying on Saturday and it seems that Formula One boss Bernie Ecclestone agreed to help out the small teams to survive, dipping into Formula One funds rather than arguing over money which is regulated by the Concorde Agreement.
TOMBAZIS TO RENAULT?
The initial rumors suggesting that Ferrari's chief aerodynamicist is to go to Toyota may not be true although it is clear that Tombazis has left Ferrari and is now having six months of "gardening leave" before starting a new job.
QUALIFYING RESULTS
Canadian GP - Saturday Qualifying Results
WARMUP RESULTS
Canadian GP - Saturday Warmup Results
PRACTICE RESULTS
Canadian GP - Saturday Practice Results
COSWORTH AND GENERAL MOTORS - A LITTLE BIRD SAYS
Our spies in the United States are suggesting that anyone with any doubt about the possible relaationship between General Motors and Cosworth Racing should make their way next week to the Chicagoland Speedway...
TEMPERS FLARE AS F1 TEAM BOSSES SCRAP OVER MONEY
Formula 1 team bosses Ron Dennis and Paul Stoddart got into a fair old war of words during the Friday afternoon press conference in Montreal over the so-called F1 fighting fund
FRIDAY PHOTOS
Canadian GP - Friday Photos
QUALIFYING RESULTS
Canadian GP - Friday Qualifying Results
PRACTICE RESULTS
Canadian GP - Friday Practice Results
MINARDI TO BLOCK CHANGE
The European Minardi team has announced that it will withdraw its support for the proposed changes to the 2003 Formula 1 technical regulations and approval for the new rules due in 2004.
TESTING RESULTS
Canadian GP - Friday Testing Results
NEW MCLAREN DELAYED AGAIN?
McLaren will probably push back the debut of the new MP4-18 until the British Grand Prix on July 20. The team had been scheduled to run the cars at the Nurburgring in a fortnight but it could be later if the team is not satisfied with the reliability of the new car
POLLOCK AND LEMARIE PART COMPANY
Craig Pollock's CART team PK Racing will be running Bryan Herta at Laguna Seca this weekend. Herta replaces France's Patrick Lemarie who is moving on.
PURNELL RETICENT ON GM TALKS
Tony Purnell, the boss of Cosworth Racing, is refusing to make any comment on stories that the Ford Motor Company-owned Cosworth may be planning to help General Motors with the development of the Chevrolet Indy Racing League engine.
BUTTON WILL RACE
It has been confirmed that Jenson Button will be racing this weekend for British American Racing. There had been some speculation in the press that Button would miss the race because of concussion but the man himself said that there were no problems.
LAST-MINUTE NEGOTIATIONS FOR F1 FIGHTING FUND
There was much scurrying about in the paddock on Thursday afternoon as Formula 1 team principals discussed whether or not they will agree to create a "fighting fund" for Minardi and Jordan, as had previously been agreed, or whether the whole dispute over the matter is going to go public.
TOMBAZIS TO TOYOTA!
The word on the street in Formula 1 circles is that Ferrari's chief aerodynamicist Nick Tombazis is on his way to Panasonic Toyota Racing. Tombazis has been in charge of aerodynamic work at Ferrari since 1999 and has played an important role in helping the team to its recent successes.
WILLIAMS IMPRESSED BY GORDON
Jeff Gordon, the four-time NASCAR Winston Cup champion impressed the Williams team with his test at Indianapolis and he was only two seconds off the pace after just a handful of laps in the car - an impressive performance for a man who has never been in a Grand Prix car before.
BIG TROUBLE BREWING IN CANADA?
We hear that Minardi boss Paul Stoddart has had enough of trying to convince the bigger Formula 1 teams to honor commitments that they made to support the smaller teams in these difficult economic times.
WILL BUTTON BE FIT TO RACE?
A decision will be taken later today as to whether or not Jenson Button will race for BAR in Canada.
AUSSIE DRUMS UP SUPPORT FOR F1 BID
The word from Australia is that the banned international cricketer Shane Warne is to support the career of one of Australia's latest Formula 1 hopes Will Davison. Davison is currently racing in the British Formula 3 Championship but has big ambitions - and a great pedigree.
GORDON IMPRESSED BY F1 POWER
The much-vaunted switch of cars between Juan Pablo Montoya and Jeff Gordon went ahead as planned on Wednesday at Indianapolis Motor Speedway with the pair doing a handful of laps each in the other's racing car.
THE NURBURGRING TO SUE THE EU?
The management of Nurburgring GmbH says it wants to take legal action against the European Union because of the planned tobacco ban in the middle of 2005. The company says that the new legislation if it goes ahead will do the company permanent damage.
MCLAREN AND TAG HEUER EXTEND THEIR PARTNERSHIP
TAG Heuer and McLaren International have extended their relationship which dates back to 1985 when the Swiss watchmaker, then owned by McLaren partner Mansour Ojjeh first began supporting the team.
MOSLEY LOOKS AHEAD TO FORMULA 2 AGAIN...
FIA President Max Mosley says that he would like to see Formula 2 reintroduced to act as a junior league for Formula 1 with promotion and relegation between the two series just as happens between different leagues in football.
THE EFFECTS OF SCHUMACHER'S DECISION
The announcement that Michael Schumacher has re-signed for Ferrari until the end of 2006 will have a number of interesting effects on the Formula 1 driver market.
BUTTONS PARTICIPATION IN CANADIAN GP STILL UNDER REVIEW
Jenson Button will find out Thursday if he will be permitted to participate in Sundays Canadian Grand Prix.
PROST IS BACK RACING AGAIN!
Alain Prost has signed to drive with the Toyota in France's Trophee Andros ice races this winter. The deal is for two years and is aimed at helping Toyota sell its Corolla T model in the European market.
MONTOYA AND GORDON SWAP TOMORROW
As part of the attempt to build up F1 interest in the United States of America four-time NASCAR Winston Cup champion Jeff Gordon and Juan Pablo Montoya will swap their racing cars on Wednesday.
A CRASH FOR THE NEW MCLAREN
Our spies tell us that the new McLaren-Mercedes MP4-18 suffered a crash last week in testing at the Circuit de Catalunya while being driven by Kimi Raikkonen. The word in F1 circles is that Raikkonen lost control of the car in the final corner and Raikkonen bruised his knee in the ensuing impact.
CARBONE WINS AT PAU
Fabio Carbone on Monday won the second Formula 3 Euroseries race at Pau after talented youngster Nico Rosberg went out with an mechanical problem after leading for most of the event.
REUTEMANN HAS LEPTOSPIROSIS
Carlos Reutemann, the former Formula 1 driver who has been a leading politician in his native Argentina in recent years, is one of dozens of people in the Sante Fe province who has contracted leptospirosis as a result of his involvement in helping to clean up the province after devastating floods in April.
SCHUMACHER RENEWS CONTRACT THROUGH 2006
Ferrari announced today that it has extended the contracts of many members of the current race team through the end of the 2006 season - including Michael Schumacher.
THE TROUBLE WITH PIZZONIA?
Sir Jackie Stewart has been giving his opinion of Antonio Pizzonia's F1 career to date and reckons that the Brazilian is overdriving his Jaguar.
BRISCOE DOES IT AGAIN
Toyota F1 protege Ryan Briscoe seems to be unbeatable this year in the Formula 3 Euroseries. The Australian on Sunday wrote his name into the record books by winning on the streets of Pau - an impressive achievement for a rookie.
TAKAGI IN TROUBLE
Former F1 driver Tora Takagi has been doing well in the Indy Racing League this year, particularly at the recent Indianapolis 500 but the Japanese driver was in trouble at the weekend at Texas Motor Speedway where he was blamed for a spectacular three-car accident.
JORDAN TAKING VODAFONE TO COURT!
Vodafone is being sued for $225m by the Jordan Formula One team, which is claiming that the mobile phone company reneged on a deal to sponsor the team.
SAUBER AND MERCEDES-BENZ
There has been speculation in recent days that Sauber's new windtunnel in Hinwil has caught the attention of the Mercedes-Benz management in Stuttgart.
ALL EYES ON PAU
There is little topline racing in Europe this week, so the spotlight falls on Pau where the Formula 3 Euroseries cars will dispute the 63rd Grand Prix de Pau on the streets of the Bearnais city.
ARROWS BEING SOLD OFF
The remaining assets of Arrows Grand Prix International Limited are being sold off at auction on June 18-19 at Leafield.
CANADIAN GRAND PRIX PREVIEW
Canadian GP - Preview
GM AND COSWORTH
General Motors is now admitting that it is willing to make an "extraordinary response" because of the uncompetitive nature of its Chevrolet Indy Racing League engine and rumors continue to suggest that this assistance could come from rival Ford's Cosworth racing division.
MERCEDES-BENZ MCLAREN TO DEBUT IN FRANKFURT
The new Mercedes-Benz SLR McLaren road car will be unveiled at the Frankfurt Auto Show in the autumn.
WHY SENSIBLE TEAMS HAVE MORE THAN ONE TEST DRIVER
British American Racing had Jenson Button out of action after his Monaco crash when its test team headed to Monza for a three-day test this week. The team's third driver Takuma Sato began running on Tuesday alongside test driver Anthony Davidson.
SCHOOLS COMPETE FOR F1 PRIZE
No fewer than 22 schools across Britain entered a recent competition to design an F1-style car, using CAD/CAM software. The resulting machinery was on display last week at the Olympia exhibition centre in London.
BAR AND PPGI
The case between British American Racing and Partnership Production Group International (PPGI) is rather more complicated than perhaps appearances have suggested.
SOMETHING COOKING IN TURKEY
The Turks have been quietly working away towards a Grand Prix for several years and that work is now beginning to pay off.
MICHAEL AND RETIREMENT
A racing driver knows that he is beginning to get old when people keep asking him about his retirement. In recent years this has started happening to Michael Schumacher.
TESTING AROUND EUROPE
Preparations for the Canadian Grand Prix are well under way as the teams plan their first trip to North America in the 2003 season, with testing taking place all over Europe today.
BAR TO GO TO COURT ON JUNE 26
An attempt was made to seize the BAR equipment after the Monaco Grand Prix on Sunday but the paperwork was not in order and as a result the cars were not impounded and left Monaco shortly afterwards.
WILSON'S FULL HOUSE
Justin Wilson and his manager Jonathan Palmer have revealed that the innovative IPO scheme to support Justin's F1 career has been a big success. The scheme closed last Friday with the $2m million he needed to fund his drive with Minardi in the bank.
A BAD DAY FOR DAIMLERCHRYSLER
DaimlerChrysler has warned that competition in the US car markets will result in a loss for Chrysler of $1.1bn in the second quarter. The German firm has already made it clear that Chrysler will not meet its full year operating profit target of $2bn.
ANDRETTI TO STAND DOWN FROM CART BOARD
The 1978 Formula 1 World Champion Mario Andretti is not seeking re-election as a director of the board of CART. The shareholders of the company will vote for the board members on July 17.
CAUTION OVER BUTTON
Jenson Button is not taking part in this week's F1 testing following his crash in Monte Carlo.
ECCLESTONE BACKS NORMAL-SIZED F1 CALENDAR
A couple of weeks ago Formula 1 boss Bernie Ecclestone was talking about expanding the World Championship calendar to 20 races but now he is back to the normal F1 song sheet, telling the German newsagency DPA that "we found out some time ago that 16 is a good number, maybe one more."
HEY GUESS WHAT?
It must be contract negotiation time down at Maranello because suggestions that Juan Pablo Montoya could replace Michael Schumacher at Ferrari are not very likely to happen unless Michael decides he does not want to stay beyond the end of his current contract, which runs out at the end of 2004.
COSWORTH AND THE INDY RACING LEAGUE
There are stories doing the rounds that Cosworth Racing might somehow become involved with building Chevrolet IRL engines.
NOW THE ELECTIONS ARE OVER
The future of the Belgian Grand Prix at Spa-Francorchamps rested largely on the Belgian national elections as the government was unable to alter the laws which had been voted through, including the anti-tobacco legislation which led to the race being cancelled.
POOK AND F1
Chris Pook, the chief executive of the CART series, has confirmed that he is involved in negotiation with Bernie Ecclestone about possible links between CART and Formula 1.
RACE REPORT - MONTY'S PYTHON
Monaco GP - Race Report
THE DRIVER MARKET IN 2004
The Silly Season seems to have begun with the first serious talk of who is going where in 2004 and initial rumors trying to suggest that there will be an opening at Toyota next year for Jacques Villeneuve. There have also been stories that Ferrari is looking at a long-term future with Juan Pablo Montoya and Felipe Massa
A DANGEROUS MOMENT
The Monaco Formula 3000 race on Saturday saw a very alarming incident when Super Nova Racing's Enrico Toccacello, who was due to go into the pits for a penalty having cut a chicane, suddenly slowed as he arrived at the top of the hill before the Virage de Massenet.
THIS BUD IS NOT FOR YOU...
A few months ago August Busch III, the chairman and chief executive of the giant US brewing company Anheuser Busch, met Ferrari's Jean Todt to discuss a sponsorship deal between Ferrari and Budweiser, Anheuser Busch's biggest brand.
SUNDAY PHOTOS
Monaco GP - Sunday Photos
RACE RESULTS
Monaco GP - Sunday Race Results
PAT LONG ON THE PODIUM AT MONACO
Patrick Long, the Inside F1 Young Driver of the Year of 2001, has this year been racing for the Porsche factory as a member of the UPS Porsche Junior team alongside German Mike Rockenfeller.
BUTTON WILL NOT RACE
Jenson Button will not to race at Monaco, following yesterday's heavy accident in practice.
SWEDES AND TURN-UPS
The Monaco Formula 3000 race was a wild affair with some lurid driving involved and a most extraordinary ending. While the action was happening behind the leader Bjorn Wirdheim, the Arden International driver seemed serene as he led from flag to flag - or at least nearly flag to flag.
