Two Lotus Teams to Compete in 2011 Formula One Season

So apart from Team Lotus (formerly known as Lotus F1) which is a privately owned team, Group Lotus has bought a stake into the Renault F1 team to create Lotus Renault GP. So while there will be two Lotus F1 teams on the grid, only one will get factory support.

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Formula 1 Could Return to Turbo 4-Cylinder Engines for 2013 Season

Rumors are circulating the web about the possibility of a return to four-cylinder, turbo charged engines. The last time a Formula One race car used a four cylinder unit was back in 1988. Since then, the engines have grown in size and the cylinder count has varied, but all engines have been normally aspirated.

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Michael Schumacher's First World Championship F1 Car Can Be Yours for $2 Million

It’s hard to believe it’s been 16 years since Michael Schumacher stormed onto the scene. Seven Formula One championships later, you can own a piece of Schumacher and Formula One history… if you’ve got a couple million dollars lying around: $2.08 million to be exact.

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Toyota Returning to F1 in 2011, Partnering With Hispania Racing

After dropping out of the world’s most prestigious (and expensive) motorsports series in 2009, Toyota may get back into the Formula 1 circuit next season. According to a report by Italian website, Toyota is close to inking a deal with Hispania Racing (HRT), after the team reportedly managed to secure funding for next season. HRT joined F1 for the 2010 season, running at the back of the grid. It has since canceled its agreement with Italian chassis0-builder Dallara and has been looking for a new partner.

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Jacques Villeneuve Returning to F1 as a Team Owner

Former Formula 1 World Champion Jacques Villeneuve will return to the sport next year as a team owner. Villeneuve announced his plans recently, confirming rumors that funding for the project would come from Italian based Durango – which is owned by the son of Libyan leader Muammar Gaddafi.

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Ferrari to Use KERS System in 2011 Formula One Season

Ferrari has announced that it will run a Kinetic Energy Recovery System (KERS) in its Formula 1 cars next season. The team had tested a KERS system in 2009 but scrapped the plans for 2010 when all the competing manufacturers collectively agreed to avoid the system in a bid to cut costs.

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Taxpayers Foot $25 Million Bill For Formula One Race In Texas

There’s a reason they call Formula 1 “The Circus.” Not only are race days a dramatic spectacle that draw thousands of fans from thousands of miles away, but also they can pretty much demand anything they want from cities for the right to host races. These “sanctioning fees” are anywhere from $25 million to $50 million per year, just for the right to have a race.

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F1 News: Lotus Racing Looking Stronger for Spain GP [video]

After an understandably slow start to the season, Lotus Racing appears to be discovering some added pace during testing prior to this weekend’s Spanish Grand Prix thanks to the Lotus Cosworth T127’s updated aerodynamics package. Jarno Trulli pumped in 26 practice laps and was 19th fastest during his second session, while Heikki Kovalainen completed 17 laps and ranked 18th during the first practice session.

After testing Trulli stated, “First day back in the car in Europe and I’m really happy with how we have progressed with the car. Obviously it’s still too early to assess it properly, but as soon as I got out on track I could feel that we had taken a major step forward. We have solved a number of the issues we had and we’re definitely in the right direction, so I’m really pleased for everyone in the team as they’ve put in a great effort to get us here. This afternoon we continued with the program and everything went really smoothly, on both the hard and the soft tyres. I must admit that I’ve been really pleased with the speed gain we’ve seen in the car and, again, that’s down to the work the team have put in with the car – all I need now is a little bit of luck, and a trouble free weekend!”

Kovalainen added, “I’ve been really looking forward to being back in Europe and particularly here in Barcelona. It’s been great to see the grandstands already busy, and I’ve seen a load of Finnish flags out there. On track, this morning was a really good session and I’m very encouraged by the updates – they’re immediately working like we’d hoped. The car feels better to drive, the high-speed stability especially is better, and that’s what you get when the aerodynamics of the car improve.”

Chief Technical Officer Mike Gascoyne reported: “Basically it was a good day’s work. The drivers have been very happy with the updates and we’ve been making adjustment to the improvements on the cars throughout the day to help us fine tune the updates. There’s a fair bit more time to come from the new package, and everyone in the team has worked very hard to get us to this point, so it’s great to hear such positive feedback from the drivers. Now we’re looking forward to building on this performance tomorrow and seeing where we are in qualifying.”

Of course practice lap times don’t always reflect the true pace of the car in  Formula 1, but it’s encouraging to see Lotus making progress and we look forward to seeing how the aero updates translate during qualifying and the race during this weekend’s Gran Premio de Espana Telefonica 2010. Meanwhile, for you Lotus fans out there, the video after the jump may help to get you pumped up before this weekend’s action.

[Source: Lotus Racing]

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Jersey City Cans Proposed U.S. Formula One GP Site at Liberty State Park

News that Liberty State Park in Jersey City, NJ, directly across the Hudson River from downtown Manhattan, was being considered as a potential site for a 2012 U.S. GP emerged yesterday, but Jersey City mayor Jerramiah Healy announced today that the  Formula 1 proposal was no longer being considered.

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Front Wheels Simultaneously Fly Off Toro Rosso F1 Car During Chinese GP Testing

During testing for the Chinese Grand Prix this weekend, Torro Rosso’s Sebastien Buemi was involved in a bizarre crash that just has to be seen. While under hard breaking down the main straight heading into Turn 14, both front wheels and tires came flying off his race car, leaving him without steering or much braking.

Since the incident Torros Rosso has examined the car and found the fault to be with the front suspension, which essentially collapsed, snapping the wheels loose. The part in question is part of a new design introduced on the car for the Chinese GP. Buemi was unhurt and should be ready for qualifying tomorrow for Sunday’s race.

[Source: Jalopnik and Formula1]

See more video of the crash after the jump:

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Geneva 2010: Mercedes-Benz SLS AMG the Official Formula One Safety Car

What’s the one car Michael Schumacher cannot pass? The official Formula One Safety Car, of course! That’s the riddle Mercedes-Benz’ Dr. Dieter Zetsche asked before introducing the SLS AMG F1 Safety Car at the Geneva Auto Show.

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Lotus Unveils T127 Formula One Race Car for 2010 Season: With Video
Top 10: The Biggest Mercedes-Benz News Stories of 2009

While 2009 was a tumultuous year for automakers, the worldwide economic crisis pushed the auto industry into the mainstream automotive media’s spotlight, making big automotive news stories even bigger. And while new products continued to be introduced, they garnered possibly even more attention that ever before. With that in mind, we thought we’d take a look back at some of the Top 10 biggest stories of 2009 for an automaker that didn’t recoil, but continued on, unveiling an all-new version of one of its most important models, delivering a new exotic car to market, promising an electric car in the future… and making some big changes in its motorsports program. That automaker is Mercedes-Benz.

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Report: Lotus Exige S Type 72 Celebrates British Brand's Return to Formula One

To help celebrate the brand’s return to the pinnacle of motorsports, iconic British sports car maker Lotus has just announced the release of the Exige S Type 72. As the name suggests, it’s inspired by the Type 72 F1 car, which was driven by drivers like Jochen Rindt, Emerson Fittipaldi, Ronnie Peterson and Jacky Ickx, who took it to 20 victories between 1970 and 75, with two Driver’s World Championships (in ’70 and ’72) and three Constructors’ Championships (in 1970, ’72 and ’73).

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Breaking: Michael Schumacher Will Race for Mercedes-Benz in 2010

He’s back! That’s right, seven-time Formula 1 World Champion Michael Schumacher will make his return to the pinnacle of motorsports next year, driving for Mercedes-Benz. The German will join fellow countryman Nico Rosberg in representing Mercedes on the grid, starting March 12th at the Bahrain Grand Prix.

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