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Force India becomes Racing Point

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FIA, the governing body of Formula 1, has confirmed that Force India – which became Racing Point Force India following the organization’s takeover in August by a consortium lead by Lawrence Stroll – will simply be named Racing Point in 2019.

Racing Point will compete with Lawrence’s son Lance Stroll and Sergio Perez behind the wheel.

The change means the Force India name will not be on the grid for the first time since Vijay Mallya took over the Spyker team in 2007.

F1 races in Austin, Mexico City hitting financial rough patches

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AUSTIN, Texas — Two of Formula One’s three races in North America are facing financial issues that are raising concern about their future.

Organizers of the U.S. Grand Prix won’t get at least $20 million from the state of Texas for the 2018 race after missing a paperwork deadline set by state law. And new questions lurk about the future of the Mexican Grand Prix after the country’s new president suggested the government may not spend on the race like it has the last four years.

Both races have been popular with drivers and fans, and have enjoyed key dates on the F1 calendar. Mercedes driver Lewis Hamilton clinched season championships in Texas in 2015 and in Mexico City in 2017 and 2018.

Officials in Formula One and at the Circuit of the Americas, host of the U.S. Grand Prix, did not immediately respond to requests for comment Wednesday.