James Hinchcliffe goes P1 in first IndyCar practice at Long Beach

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James Hinchcliffe is trying to put a tough season-opening weekend at St. Petersburg behind him, and he’s started strong so far by leading this afternoon’s opening practice for the Toyota Grand Prix of Long Beach.

Hinchcliffe, who also led Practice 1 at St. Pete before crashing in qualifying and suffering mechanical issues en route to a 19th place finish in the race, logged a lap of 1:09.8110 at 101.485 miles per hour in the No. 27 Andretti Autosport Honda.

Helio Castroneves, a past winner at Long Beach back in his CART days, was second-fastest in the No. 3 Team Penske Chevrolet at 1:09.9905 (101.225 mph). He and Hinchcliffe were the only two drivers to break the 1 minute, 10 second mark.

Justin Wilson was third (1:10.0080/101.200 mph), followed by another former Long Beach winner, Ryan Hunter-Reay, in fourth (1:10.0340/101.162 mph).

Josef Newgarden went P5 in the No. 67 Sarah Fisher Hartman Racing Honda (1:10.0648/101.118 mph) but also damaged his car after going into the tire barriers at Turn 8 midway through the session.

He had been the fastest driver in practice prior to the incident.

St. Pete winner and current Verizon IndyCar Series points leader Will Power was sixth on the sheets (1:10.1677/100.970 mph). Bryan Herta Autosport’s Jack Hawksworth was the fastest rookie, with his time of 1:10.1970 (100.927 mph) good enough for seventh; he also ran the most laps in the session with 21 circuits to his credit.

Other notables include defending Long Beach champion Takuma Sato in 12th (1:10.2518/100.849 mph) and Rahal Letterman Lanigan’s Oriol Servia, who began his first race weekend of 2014 by logging the 15th-fastest lap (1:10.5054/100.486 mph) in the session.

The IndyCars will have another practice session later on at 5 p.m. ET.

Street race in Vietnam could lead Formula One’s Asia expansion

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TOKYO (AP) — Formula One is expected to add more races in Asia, including a street circuit in the capital of Vietnam, a country with little auto racing history that is on the verge of getting a marquee event.

“We think Hanoi could come on in the next couple of years, and we’re working with the Hanoi government to that end,” Sean Bratches, Formula One’s managing director of commercial operations, told the Associated Press.

There is even speculation it could be on the schedule next season, which Bratches rebuffed.

Vietnam would join countries like Azerbaijan, Russia and Bahrain, which have Grand Prix races, little history in the sport, and authoritarian governments with deep pockets that serve F1 as it tries to expand into new markets.

“This (Hanoi) is a street race where we can go downtown, where we can activate a large fan base,” Bratches said. “And you have extraordinary iconography from a television standpoint.”

A second race in China is also likely and would join Shanghai on the F1 calendar. Bratches said deciding where to stage the GP will “be left to local Chinese partners” – Beijing is a strong candidate.

Bratches runs the commercial side of Formula One, which was acquired last year by U.S.-based Liberty Media from long-time operator Bernie Ecclestone.

Formula One’s long-term goal is to have 24-25 races – up from the present 21 – and arrange them in three geographical segments: Asia, Europe and the Americas. Bratches said the Europe-based races would stay in middle of the calendar, with Asia or the Americas opening or ending the season.

He said their positioning had not been decided, and getting this done will be slowed by current contracts that mandate specific places on the calendar for several races. This means eventually that all the races in Asia would be run together, as would races in Europe and the Americas.

The F1 schedule is now an inefficient jumble, allowing Bratches to take a good-natured poke at how the sport was run under Ecclestone.

“We’ve acquired an undermanaged asset that’s 67-years-old, but effectively a start-up,” Bratches said.

Early-season races in Australia and China this year were conducted either side of a trip to Bahrain in the Middle East. Late in the season Formula One returns to Asia with races in Japan and Singapore.

The Canadian GP this season is run in the middle of the European swing, separated by four months from the other races in the Americas – the United States, Mexico and Brazil. These three are followed by the season-ending race in Abu Dhabi, which means another trip across the globe.

“With the right economics, with the right structure and cadence of events across territories, 24 or 25 is probably where we’d like to be from a longer-term standpoint,” Bratches said.

Big changes are not likely to happen until the 2020 season ends. This is when many current rules and contracts expire as F1’s new owners try to redistribute some income to allow smaller teams to compete.

“There’s more interest than we have capacity in the schedule,” Bratches said, firing off Berlin, Paris or London as potentially attractive venues. “We want to be very selective.”

“Those cites from an economic impact standpoint would find us value, as do others around the world,” Bratches added. “It’s very important for us as we move forward to go to locations that are a credit to the Formula One brand.”

An expanded schedule would have to be approved by the teams, which will be stretched by the travel and the wear-and-tear on their crews. The burden will fall on the smaller teams, which have significantly smaller revenue compared with Ferrari, Mercedes or Red Bull.

Bratches also envisions another race in the U.S., joining the United States Grand Prix held annually in Austin, Texas. A street race in Miami is a strong candidate, as are possible venues like Las Vegas or New York.

“We see the United States and China as countries that could support two races,” he said.

Liberty Media has reported Formula One’s total annual revenue at $1.8 billion, generated by fees paid by promoters, broadcast rights, advertising and sponsorship. Race promotion fees also tend to be higher in Asia, which makes the area attractive – along with a largely untapped fan base.

In a four-year cycle, F1 generates more revenue than FIFA or the International Olympic Committee, which rely almost entirely on one-time showcase events.

Reports suggest Vietnamese promoters may pay between $50-60 million annually as a race fee, with those fees paid by the government. Bratches said 19 of 21 Formula One races are supported by government payments.

“The race promotion fee being derived from the government … is a model that has worked historically,” Bratches said.