Luca di Montezemolo, Ferrari, Monza, 2011

Montezemolo demands “urgent” action on cost-cutting

F1 Fanatic round-upPosted on | Author Keith Collantine

In the round-up: Ferrari president Luca di Montezemolo says F1 must respond to the global financial crisis.


Top F1 links from the past 24 hours:

Montezemolo across the board: “There is a need to do something immediately about costs in Formula 1″

“We cannot lose any more time: we need to tackle urgently and with determination the question of costs. Ferrari is in agreement with the FIA’s position that drastic intervention is required. We are absolutely convinced that, as I have always said, the teams and the commercial rights holder must work together with the Federation on this front. This is no longer the moment for getting bogged down in sterile discussions or the meanderings of engineers, usually only concerned in defending the interests of someone or other: the question has to be tackled at the highest level, without further delay”

Engine dispute threatens F1 schism (BBC)

“The new engines are being pushed strongly by governing body the FIA and have the support of the key manufacturers in Formula 1. But there are fears they will be much more expensive than the current 2.4-litre V8s and that the teams – the engine manufacturers’ customers to a large degree – will not be able to afford them.”

Pirelli to test new hard compound tyre (Autosport)

Pirelli motorsport director Paul Hembery: “There is a big point to make that if we make a change, particularly with the way the championship has been played this year so close, we don’t want to risk creating an advantage for a particular team. So if you imagine, suddenly, for races 10, 11 and 12 one team starts running away, then we’re going to come under all the criticism.”

Dennis remarks all part of the McLaren game (The Telegraph)

“[Lewis Hamilton] has been a different beast altogether in 2012; calm, patient, pleasant to be around, and practically faultless on the track. Which made McLaren chairman Ron Dennis’s comments regarding the driver’s future all the more intriguing. ‘He’s going to look at [where he can go], we’re going to look at who’s available,’ he said.”

Bruno Senna wins the 2012 Lorenzo Bandini trophy (Williams)

“Established in 1992, The Lorenzo Bandini Trophy is a prize awarded in memory of Italian race car driver Lorenzo Bandini by his hometown of Brisighella, near Imola. Bruno is the 19th recipient of this prestigious award, with past winners including former Williams F1 driver Juan Pablo Montoya, current Williams F1 driver mentor Alex Wurz, and past World Champions Lewis Hamilton, Fernando Alonso and Michael Schumacher.”

McLaren rally round Button (Sky)

Martin Whitmarsh: “Jenson is a great racing driver, but we served him badly over the weekend. His rear tyres were completely shot because we didn’t long-run with his suspension set-up on Friday. That was our fault. We didn’t give him a car he could perform in.”

For One Day, Formula One Parks at the Crossroads of the World (New York Times)

“Short of strumming a guitar in one’s underwear, there are few fail-proof ways to compel passers-by to stop and gawk in Times Square. Formula One, the international open-wheel racing series, gave it a shot Monday, bringing a white and gray racecar from the Sauber team to promote coming races in the United States.”

F1 Fanatic via Twitter

“Charlie Whiting has visited the Circuit of the Americas, praised their progress so far, and is planning to return in late August.”

What happened in Montreal and new upgrades for Valencia 2012 (Caterham via YouTube)

Comment of the day

A view on whether the racing has improved this year from Patrickl:

I haven’t seen much of the races this season. Not too interested in F1 since the tyre lottery was introduced. This was the first race I watched the whole race. I’m really glad I did, because this looked like the racing I loved from before. Perhaps it would have been better if Alonso and Vettel actually had gone on the same strategy as Hamilton, but in this case even some tyre based “entertainment” was exciting in its own way.

Personally I liked the “boring” bit before that better. The suspense of how the race will unfold with the top 3 continuously that close to each other interests me a whole lot more than all the fake ‘overtaking’ that has been introduced.

From the forum

Will Wood taking over the round-ups

Will Wood will take over writing the round-up ups for the next week as I need to put some of my time into other areas of work.

Will previously wrote for F1 Fanatic during the Bahrain Grand Prix weekend.

Happy birthday!

Happy birthday to Scunnyman!

If you want a birthday shout-out tell us when yours is by emailling me, using Twitter or adding to the list here.

On this day in F1

Riccardo Paletti lost his life during the 1982 Canadian Grand Prix.

That sad day in F1 history will be the subject of an article here later today.

132 comments on “Montezemolo demands “urgent” action on cost-cutting”

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  1. As far as cost cutting goes…
    Please remind me again why there cant just be a spending cap, and full finacial auditing?
    It works for nearly every sport in the US.

    In my perfect world, the only Engineering rules in F1 are Safety rules, all the other bunk is stripped.
    The Spending madness would be restrained by use of a cap, and independant auditer.

  2. After having had Vettel battle to get a word in with Letterman, here is Hamilton talking about racing on TV for Sports Centre (ESPN)

  3. not everyday we have an F1 driver advertising jobs:
    on twitter by Timo Glock (‏@realTimoGlock):

    Do you live in the UK, love F1 and have a talent for social media? If so check this out #SMDriver

    Grab your chances everyone!

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