Photo: Callaway Competition USA

The Callaway Corvette GT3 is coming to America, in PWC

1 Comment

Pirelli World Challenge has been in need of some good news from a car count standpoint early into this offseason, and receives it Monday with confirmation Callaway Competition will bring its GT3-spec homologated Corvette C7 GT3-R Stateside next season.

The withdrawal of the factory Cadillac Racing program after PWC’s season finale in Sonoma in September has opened the door for the factory-blessed Corvette C7 GT3-R to run in North America, because Cadillac’s ATS-V.R has been the lone GT3-spec car under the General Motors awning for the last three seasons, while the Callaway Corvette has raced only internationally.

Reeves Callaway has been on site at the tail end of the PWC season to survey the opportunity and now a deal has been struck for a factory effort to run next year, before the Callaway Corvette program becomes a customer effort in 2019. This follows the same timeline as Acura did with its new NSX GT3 this year to run it as a factory program in 2017 before shifting to customer efforts in 2018.

“Joining the Pirelli World Challenge has been a long term objective for Callaway Competition,” Callaway said in a release. “Now the field is a roll-call of the most capable sports cars from every country. To do well here, you must beat the best in the world. What better way to showcase our iconic American car?

“For 2018, we will run a Callaway factory team to give us the best chance of continuing the championship record the Corvette has achieved in international competition. For 2019, we will not race against our customers, but provide high-quality support to them in the tradition of other manufacturer customer racing support programs.”

“For several years fans have asked when they would see the Callaway Corvette GT3 run in the Pirelli World Challenge,” added Greg Gill, President and CEO of Pirelli World Challenge. “The wait is over and we are very pleased to announce the arrival of the Callaway Corvette GT3 for the 2018 season.”

The Callaway Competition USA Corvette C7 GT3-R will be unveiled and both full season drivers announced at the Performance Racing Industry show in Indianapolis on December 7 at the Pirelli World Challenge booth. Following the unveiling event, the car will be on display for the remainder of the trade show. Details of the presentation will be announced in the coming weeks.

Callaway’s confirmation comes amidst the likely drawdown of potentially nine or 10 cars that raced in PWC’s GT and GTA ranks either all season or most of it in 2017, among at least five manufacturers. That’s not to say those losses can’t be recouped elsewhere on the grid, over the next several months before the St. Petersburg season opener in March.

PWC will hold its annual state of the series and competitor meeting to finalize the next year’s plans at the PRI show as well.

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

Formula One logo
Leave a comment

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.