FEBRUARY 18, 2003
A sign of the times
The auction of the assets of Asiatech in Versailles last week gave an indication of the state of the Formula 1 economy at the moment with available V10 engines being sold off at around $7500 apiece and the company's dynos in Velizy fetching only the market rate.
The company's transient dyno was bought by Peugeot - which built in the first place before Peugeot Sport's F1 operation was sold on to Asiatech - but otherwise there was little money raised with only the office furniture fetching decent prices.
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MORE DETAILS OF QUALIFYING
GIORGIO PANTANO AND JORDAN
JAGUAR WILL HAVE A SPORTING DIRECTOR
EM.TV SELLS F1 SHARES TO BAYERN LB
MINARDI MUST PAY FOR ENGINES IN ADVANCE
THE LIQUIDATION OF ARROWS
BAHRAIN PARLIAMENT CLEARS TRACK FUNDING
A SIGN OF THE TIMES