Kaltenborn dismayed by F1’s cost control outlook

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Sauber team principal Monisha Kaltenborn is unsure how Formula 1 will tackle cost control in the future after little progress in a number of meetings and talks over the past few months.

The sport has seen costs spiral over the past few years, and it has put a number of teams at risk of folding. Sauber was beset with financial problems throughout the 2013 season, and although investment was secured to ensure its short-term future, the long-term outlook for the team is still uncertain. Lotus has been in a similar position for some time.

However, any efforts to keep costs down – be it through a cost cap or other measures – are continually blocked by the bigger teams in Formula 1, who have formed the F1 Strategy Group that now has a say in the governance of the sport. For Kaltenborn, it is a sorry state of affairs.

“In my view we are clearly not there, where we should be and where we wanted to be, at least from our team’s perspective,” she explained in yesterday’s team principals’ press conference. “I also don’t think we have achieved so far any measurable cost cutting.

“For us, the situation is a little unclear actually at the moment, at least in my understanding if you mention the World Motor Sport Council there was a decision taken last year by the council in which they endorsed cost-cutting as a target.

“They also agreed in principle to the cost cap and the FIA was mandated to implement that. Since then, other decisions have been taken by other groups going in a different direction.”

After the rejection of the cost cap earlier this year, the teams outside of the Strategy Group were tasked with coming up with an alternative. Despite doing so, Kaltenborn still feels that her voice is not being heard.

“The non-Strategy Group teams were asked to bring proposals in about how you can achieve a sustainable cost base while still promoting competition,” she said. “We did that, we also didn’t get anywhere on that.

“In my understanding, I really wonder what the FIA is now going to do and how Formula 1 is going to be governed in this respect.”

As I wrote in my Paddock Notebook from the Red Bull Ring yesterday, so long as the divide between the teams inside and outside of the Strategy Group remains, it appears that little progress will be made. Small steps are being taken, such as reducing test time and keeping it based in Europe, but this is not enough to help the ailing teams towards the back of the grid.

Rosberg opens up on post-F1 life, tech investment interests

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Anyone who follows Nico Rosberg on social media will know that he has been keeping very busy since retiring just five days after winning his maiden Formula 1 championship at the end of last year.

As well as announcing he is to become a father for a second time, Rosberg has been travelling plenty, notably spending a lot of time in the United States and, in particular, Silicon Valley last month.

Rosberg is considering study options at Stanford University, but has opened up more about his interests in technology and plans to invest in an interview with The Times.

“I recently got back from a trip to Silicon Valley. It was on my bucket list and it was really inspirational to see what happens there; I thought the mentality was fascinating,” Rosberg said.

“In our society, we look down on people who fail, whereas over there it’s normal to fail — it’s courageous. If you’re not scared of failing, you can get through to innovation.

“Over here, it’s very money, money, money, but over there people want to reach out to others, make their lives better and look after our planet, too.

“I’ve always been passionate about technology, and investment is of interest to me at this stage. Mobility is what I’m most interested in, because there’s been a huge disruption in that area and it’s going to change the health and future of our planet.

“It’s a fascinating time. I visited Uber and they’re working on their “network in the sky” already. They say that in the space of six years I’m going to be sitting here and my app will tell me which rooftop my drone is going to be on and at what time. That’s just around the corner, it’s pretty insane.

“So I’m starting to get active in that direction. I’m a conservative person, so I need to be careful. I do prefer to go for companies that already have a bit of a track record, but we’ll see.”

The interview cites Rosberg’s net worth as being £23 million ($29.6m), with the German admitting he earned “a lot” during his final year in F1 with Mercedes in 2016.

Nevertheless, Rosberg claimed he is “not a big spender”, instead opting for a number of property investment opportunities, his best being some space in London that has become a convenience store.

One of the big factors in Rosberg’s decision to retire from F1 was becoming a father, and he admitted that it also changed his approach to dealing with financial matters.

“Having [Alaia] really opened my eyes to future planning, because I want her to have all the opportunities I had in my life,” Rosberg said.

Ryan Hunter-Reay cleared to drive at Pocono

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Ryan Hunter-Reay has been cleared to drive in today’s ABC Supply 500 (2 p.m. ET, NBCSN) following his accident in qualifying for the race.

The driver of the No. 28 DHL Honda was re-evaluated Sunday morning by INDYCAR Medical Director Dr. Geoffrey Billows after being transported, then released, from a nearby hospital in Pocono on Saturday.

Here’s INDYCAR’s full statement:

Andretti Autosport driver Ryan Hunter-Reay was re-evaluated by INDYCAR Medical Director Dr. Geoffrey Billows this morning after sustaining injuries to his left knee and hip Saturday following a crash in ABC Supply 500 qualifying. Hunter-Reay has been cleared to drive.

Hunter-Reay will start from the rear of the field and press on in a great comeback after the accident. Last year he drove from the rear of the field – twice – to ultimately finish third. He won this race in 2015, his most recent Verizon IndyCar Series victory.

He posted a couple tweets last night thanking everyone for the support and the Holmatro Safety Team and Pocono’s staff for quick work to help him after sustaining hip and knee injuries from a heavy 138G impact.

 

Steiner: ‘Fantastic’ to have Grosjean, Magnussen firmed up for ’18

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Haas Formula 1 team chief Guenther Steiner is delighted to have drivers Romain Grosjean and Kevin Magnussen firmed up in seats for the 2018 season early, allowing them to focus on their on-track performances under less pressure.

Team owner Gene Haas confirmed in an interview last month that Grosjean and Magnussen would be retained for 2018, the pair signing multi-year deals upon their arrival.

The news stood out as most teams are currently in the process of mulling over their 2018 plans, with Haas set to take no part in the annual ‘silly season’ driver market merry-go-round.

Steiner is happy to have Haas’ 2018 plans already in place, giving Grosjean and Magnussen the chance to build on the team’s impressive start to the year without the pressure of fighting for their futures.

“It’s fantastic. Having our drivers signed up now is the best place to be,” Steiner said.

“They are solid. They work well with the team. There is no uncertainty about who is there.

“They don’t get nervous. They can focus on defending their position and bettering it.”

Haas currently sits seventh in the F1 constructors’ championship after matching the points total from its debut season in less than half as many races in 2017.

Haas’ form has fluctuated at times thanks to the close-knit nature of the midfield fight, with Steiner expecting the momentum to swing between the battling teams when F1 returns from its summer break next weekend in Belgium.

“In Austria, we had the fourth-fastest car, and in Hungary, Renault had the fourth-fastest car. It’s such an up and down in the midfield,” Steiner said.

“Right now, it seems teams like Renault and McLaren have made gains, but maybe it is track specific. Nobody really knows. Everyone is speculating and I don’t want to make a speculation.

“We will do the best job we can in all of these circumstances and try to keep our heads in front of the people behind us and try to catch up to some in front.

“Everybody is trying to do the best they can and we will do the same. To speculate about what others are doing doesn’t help you.

“We just need to work hard and try to make the best out of it.”

Gasly takes maiden Super Formula win at Twin Ring Motegi

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Red Bull junior driver Pierre Gasly strengthened his case for a Formula 1 seat in 2018 by taking his maiden victory in Japan’s Super Formula series on Sunday at Twin Ring Motegi.

Gasly, 21, was placed in Super Formula for 2017 after winning the GP2 Series title last year, and is vying for a seat with Red Bull B-team Toro Rosso in F1 next year.

The Frenchman started fourth at Twin Ring Motegi on Sunday, but was able to gain two places with a long opening stint before pitting and changing tires.

Toyota LMP1 racer Kamui Kobayashi enjoyed a comfortable buffer over the field, only for a slip up in his pit stop to cause him to drop far behind Gasly.

Gasly eased home to clinch his first victory in Super Formula for the Honda-powered Team Mugen, with Kobayashi left to settle for second place.

Formula E driver Felix Rosenqvist picked up his second podium finish of the season, taking third place ahead of Hiroaki Ishiura and Nick Cassidy.

Gasly is the leading Red Bull youngster pushing to step up to F1 in 2018, with Carlos Sainz Jr. and Daniil Kvyat currently occupying the seats at Toro Rosso.

Sainz has been linked with a move away for 2018 – relying another team will buy him out of his contract – while Kvyat’s future remains uncertain given his struggles with Toro Rosso.

Gasly could theoretically make his F1 debut this year should Kvyat pick up two more penalty points on his FIA super license between now and the United States Grand Prix in October, which would trigger a race ban.

Gasly’s next racing commitment in Super Formula comes at Autopolis on September 10.