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Ganassi confirms Kanaan and a switch to Chevrolet in 2014 (UPDATED)

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Tony Kanaan’s long-awaited move – after it was reported a week ago by the Associated Press – to Chip Ganassi Racing has been confirmed this Friday in Houston. He will pilot the NTT Data entry.

“It definitely is a special day for me and my family,” Kanaan said in a hastily announced press conference. “Coming back to work with Charlie, Dario and Dixon, we will be a very successful four-car team. Looking forward to future. It’s exciting for IndyCar.”

The bigger and perhaps more surprising news is that the team is switching from Honda to Chevrolet power for the team’s four cars: Kanaan, Charlie Kimball, Scott Dixon and Dario Franchitti.

This means CGR is now under the Chevrolet umbrella for both its IndyCar and NASCAR programs. Per discussions with both Target Chip Ganassi Racing team manager Mike Hull and Jim Campbell, vp of Performance Vehicles and Motorsports, GM, there has been no determination made as to the status’ of the team’s prototype program for the 2014 Tudor United SportsCar Championship.

“This thing happened quick with Chevrolet,” Ganassi said. “They have shown they have a great product, and it gives us a great opportunity for our team. This consolidates our manufacturers.”

Ganassi also addressed the question of how long this has been in play, and perhaps whether Ryan Briscoe was an option for the fourth car had he not injured his wrist at Toronto earlier this year.

“It’s a good question; I hadn’t thought of it. We were wanting to get back to a fourth car and this falls into the category of if Dario doesn’t crash in a stock car, would he come back and win three straight championships in IndyCar. You can be hurt in this business,” he said.

Kanaan’s car number was not announced. The move to Chevrolet means Ganassi, Team Penske and Andretti Autosport are all slated to have that powerplant in 2014.

UPDATE (4:25 p.m. ET): Kanaan’s current team, KV Racing Technology, has issued a statement on the Brazilian’s decision to join Chip Ganassi Racing next season:

“Tony Kanaan is an outstanding driver, a great teammate and a good friend. Over the last three years he has demonstrated his professionalism and more importantly, this year brought KV Racing Technology – SH Racing its first Indianapolis 500 victory. The entire organization wishes him the best as he moves forward with his career. KV – SH Racing is and will continue to pursue negotiations with several top drivers and looks forward to competing for race wins and championships in the coming years.”

Williams’ updates take Bottas to P2 on Russian GP grid

SOCHI, RUSSIA - APRIL 30: Valtteri Bottas of Finland driving the (77) Williams Martini Racing Williams FW38 Mercedes PU106C Hybrid turbo on track during final practice ahead of the Formula One Grand Prix of Russia at Sochi Autodrom on April 30, 2016 in Sochi, Russia.  (Photo by Mark Thompson/Getty Images)
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Valtteri Bottas’ hopes of ending his difficult start to the 2016 Formula 1 season were given a boost after he qualified third for the Russian Grand Prix on Saturday in Sochi.

Bottas scored just seven points in the opening three races of the year, but said earlier this week that he was confident that an upturn in fortunes was not far away.

Williams brought a number of new parts to Sochi for the race in a bid to get back in front of Red Bull in the pecking order, and they appear to have the desired effect in qualifying on Saturday.

Bottas qualified third with teammate Felipe Massa finishing fifth, but both will gain a place on the grid by virtue of Sebastian Vettel’s grid penalty.

“Very good qualifying, really pleased how it all went,” Bottas said.

“This weekend has been very positive. We have some new bits on the car and the car has been feeling better. It’s also a good track for us.

“I’m glad we could maximise the qualifying today. Pleased with that, but it’s tomorrow what counts.

“So far my Sundays haven’t been so great, but I’m sure tomorrow we have a chance to have a good one.”

The Russian Grand Prix is live on CNBC and Live Extra from 7am ET on Sunday.

Vettel: No frustration over Ferrari’s lack of reliability

SOCHI, RUSSIA - APRIL 30: Sebastian Vettel of Germany driving the (5) Scuderia Ferrari SF16-H Ferrari 059/5 turbo (Shell GP) on track during final practice ahead of the Formula One Grand Prix of Russia at Sochi Autodrom on April 30, 2016 in Sochi, Russia.  (Photo by Mark Thompson/Getty Images)
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Sebastian Vettel does not feel frustrated about Ferrari’s reliability problems at the start of the 2016 Formula 1 season, saying “it’s part of racing”.

Ferrari entered 2016 hopeful of mounting a serious challenge to the all-conquering Mercedes team, only for issues on its cars in Australia and Bahrain to limit it to a one-car finish.

Vettel’s plight continued on Friday in Russia when an issue forced him to stop out on track during practice, ultimately resulting in a gearbox change and a grid penalty.

Vettel qualified second at the Sochi Autodrom on Saturday behind pole-sitter Nico Rosberg, but will drop back to seventh for the start of the race.

“Of course I would have liked the gap in the end to have been a bit smaller but we saw in Q2 Nico in particular was very strong getting the lap in,” Vettel said.

“I think for us it was the maximum. We benefitted from what happened to Lewis [Hamilton]. I’m not sure what exactly it was, but it allowed us to go P2 which helps tomorrow with the penalty.

“We’re a bit closer starting on the clean side of the track. I think we can have a good race from there. It should be quite exciting. The car feels good. I think all weekend has been quite strong. We lost some time, but I think we made it up this morning so it shouldn’t be an issue.”

Vettel said that he does not feel frustrated about Ferrari’s reliability issues, saying that there is still a long way to go in the season.

“Not frustrated at all. Obviously it’s not nice if these things happen because they don’t make your life easier,” Vettel said.

“But equally it’s part of racing. These things can happen. They didn’t happen on purpose, they weren’t planned. We’re been pushing very hard to try and catch up which I think especially in race pace we’ve proven already this year.

“Obviously we didn’t have a properly clean race yet this year. Maybe we’ll have tomorrow, you never know, it’s a long race and a long way especially around here. There’s a lot of things that can happen.

“I think we have to wait and see. It’s still April, tomorrow is May, and there’s a long, long way to go. It’s a long championship. It’s important to do your best to get the maximum points every single time and the rest you’ll find out anyway.”

The Russian Grand Prix is live on CNBC from 7am ET on Sunday.

Hamilton set to start 10th in Russia as luckless run continues

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Lewis Hamilton’s run of bad luck continued in qualifying for the Russian Grand Prix on Saturday as an issue on his power unit prevented him from taking part in the final session.

Hamilton has slipped 36 points behind Mercedes teammate Nico Rosberg after the first three races of the 2016 season, with an issue on his power unit forcing him to start last in China two weeks ago.

Hamilton arrived in Sochi hopeful of cutting the gap to Rosberg, and looked set to run the German close for pole position on Saturday afternoon.

After lapping almost half a second slower than Rosberg in Q2, Hamilton was sent back out by Mercedes later in the session despite not being at risk of losing his place in Q3.

It soon unfolded that Hamilton was in fact heading out to test his power unit, and he soon reported a loss of power similar to the one that prevented him from taking part in qualifying for the Chinese GP.

As a result, Mercedes had to bring Hamilton into the pits and end his day after Q2, leaving him 10th in the final qualifying classification.

While Rosberg was able to ease to his second pole position of the season, Hamilton was left deflated, telling reporters: “I went out at the end of Q2 to get a feel and I lost the same power as I lost in China.

“There’s nothing I can do. I never give up.”

The Russian Grand Prix is live on CNBC from 7am ET on Sunday.

Rosberg not expecting easy Russian GP despite Vettel, Hamilton woes

SOCHI, RUSSIA - APRIL 30: Nico Rosberg of Germany driving the (6) Mercedes AMG Petronas F1 Team Mercedes F1 WO7 Mercedes PU106C Hybrid turbo on track during qualifying for the Formula One Grand Prix of Russia at Sochi Autodrom on April 30, 2016 in Sochi, Russia.  (Photo by Clive Mason/Getty Images)
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Formula 1 championship leader Nico Rosberg remains wary of the threat posed by the opposition in tomorrow’s Russian Grand Prix despite seeing chief rivals Lewis Hamilton and Sebastian Vettel both drop back on the grid.

Defending champion Hamilton was forced to sit out of Q3 in Sochi after an issue similar to the one he suffered in China arose on his power unit.

As a result, Hamilton will start tomorrow’s race from P10 at best, leaving him with a huge task if he is to cut into Rosberg’s 36-point lead at the top of the drivers’ championship.

Vettel took advantage of this to qualify second for Ferrari, but he drops back to seventh on the grid after taking a new gearbox earlier in the weekend.

Rosberg eased to his second pole position of the season by seven-tenths of a second despite only completing one fast run in qualifying, but he is refusing to get ahead of himself.

“I was just focused on myself out there, really going for it and feeling great about it,” Rosberg said.

“It’s really going really well today. From Q2 onwards it felt awesome. The others have been unfortunate today, definitely, extremely unfortunate.

“That makes my race a little bit easier tomorrow, but an F1 race is never easy. Even from where Sebastian is and where Kimi [Raikkonen] is and with Valtteri [Bottas] behind and everything, the opposition is still there.

“So I still need to keep focused and try and get the job done as good as possible.”

Rosberg was able to get out of his car long before the end of qualifying safe in the knowledge he had pole thanks to the advantage Mercedes has enjoyed at the Sochi Autodrom.

“To be honest I was quite confident that the lap was good enough out there because in Q2 Ferrari was quite far away and I knew that Lewis was not able to participate in the last part of qualifying,” Rosberg said.

“So I was very sure it was going to be enough. You never know, there’s still the remaining uncertainty so I was glad eventually when Sebastian crossed the line that it was good enough.”

The Russian Grand Prix is live on CNBC from 7am ET on Sunday.