Formula One News — September 2000

ITALIAN brake manufacturers Brembo SpA have completed the buy out of their British counterparts AP Racing in a $43 million deal.

MINARDI chairman Gabriele Rumi has bid a tearful farewell to Formula One after the buyout of his 70 per cent stake in the Italian team by the South American Pan American Sport Network International (PSN) cable and satellite broadcasting company.

FIVE of the car companies involved in Grand Prix racing are expected later this week to make a bid to buy shares in the Bernie Ecclestone's Formula One group of companies.

BREWING company Interbrew are the latest potential financial saviours to be linked with the Prost team.

As clearing up began at the Indianapolis Motor Speedway and Formula 1 teams began preparing their cars to be shipped to Japan, there was good news from Methodist Hospital, Indianapolis where the traffic marshal who was critically injured at the weekend in a hit and run accident outside the main gate of Indianapolis Motor Speedway is recovering.

MINARDI will announce today that Gabriele Rumi has sold his 70% shareholding in the team to its sponsor the Panamerican Sports Network, which controls the digital TV rights for Formula 1 in South America.

TOYOTA Motorsport ran its first prototype Formula 1 V10 engine last week at its headquarters in Marsdorf, near Cologne, in Germany.

THE Sauber Petronas team is understood to be looking seriously about signing up Finnish rising star Kimi Raikkonen for next year - perhaps even as team mate to Nick Heidfeld.

AS we predicted recently, CART team owner Bobby Rahal has been named as the new chief executive of Jaguar Racing.

AS we have been predicting for some weeks, Prost Grand Prix will use Ferrari engines next year and in 2002.

WILLIAMS has finally confirmed that Juan-Pablo Montoya will be partnering Ralf Schumacher in Formula 1 next year.

ARROWS had been expected to announce in Indianapolis that it will keep the same driver line-up next season but there appear to be problems between the team and Jos Verstappen.

THE relationship between the Benetton team and Giancarlo Fisichella is cooling rapidly in the wake of Mark Webber's impressive test for the team recently in Estoril.

THE management of Silverstone has now revealed details of its plans to spend $12m to upgrade the circuit so that it can continue to host the British Grand Prix in the years ahead.

52 Formula One workers have been held by customs officials at Detroit's Metro airport, according to reports in the United States media.

Formula One's efforts to ingratiate itself with America have hit an early stumbling block after a row has developed with the local representatives of the enormous NBC TV network.

Ferrari announced on Friday that they will supply Prost Grand Prix with engines for the 2001 Formula One World Championship.

British American Racing announced on Friday that they have signed up with two new commercial partners - Bee-Trade.com and ART Advanced Research Technologies Inc.

Formula One chief Max Mosley has hit out at the outdated Silverstone facilities and warned that the future of the British Grand Prix could be in doubt.

British American Racing announced on Friday that they have signed up with two new commercial partners - Bee-Trade.com and ART Advanced Research Technologies Inc.

British American Racing managing director Craig Pollock has re-ignited speculation that CART team boss Barry Green is set to join the Formula One outfit after he admitted he has been in talks with the Team Kool Green boss.

Michael Schumacher has said he was surprised at the reaction in the media to his tearful press conference after winning the Italian Grand Prix.

Silverstone boss Denys Rohan has unveiled major redevelopment plans for the circuit as it aims to re-enter the race to host the 2002 British Grand Prix.

BMW-Williams confirmed on Thursday that Juan Pablo Montoya will replace Benetton-bound Jenson Button next season.

Brands Hatch have confirmed that the public inquiry into their plans to develop the circuit will begin in December.