Adrian Campos has died RIP
Campos started 17 grands prix in 1987-88 without scoring a point and then focused on running teams in the junior series, working with future F1 champion Fernando Alonso. Former Formula One driver and team boss Adrian Campos, who helped Fernando Alonso become a two-time world champion, has died aged 60. Campos Racing, who have teams in the Formula Two and Three support series, said in a statement on Thursday that their founder had passed away from "sudden coronary disease".
"His heart stopped beating, but his memory will be the engine that will keep us all fighting to continue his legacy," they added on Twitter. Spaniard Campos started 17 grands prix for Minardi in 1987-88 without scoring a point. He then focused on running teams in the junior series, working with future F1 drivers Marc Gene and Alonso early in their careers. Indeed, Alonso came through the junior ranks under Campos' stewardship and later became a household name in F1, winning back-to-back F1 world titles with Renault in 2005-06. Upon hearing the tragic news, Alonso posted a picture of his hero during his F1 days on social media.
Britain's Jack Aitken, the Williams reserve who made his grand prix debut in Bahrain as a stand-in last year, raced for the Campos F2 team in 2020. Aitken said: "Adrian, RIP. You were so kind, true to your word, competitive, mischievous, wise. You always knew exactly what to say to me, because at heart you were still a driver. And you created a family at Campos full of brilliant, talented people, who will miss you dearly. I will too."
In 2009 Campos had a bid to enter a Campos Meta team in Formula One accepted but financial problems saw it change ownership and compete as Hispania, later HRT F1. The team folded at the end of 2012. Following the tragic news, tributes began to pour in for the motorsport icon. A spokesperson for F1 said: "We are very sad to learn of the passing of Adrian Campos. As a driver and then founder and president of Campos Racing, Adrian leaves an incredible legacy in motorsport. We send our condolences to his family and friends, and all at Campos Racing."
Is Aston Martin up for sale already
While F1 folk are getting excited about Sebastian Vettel paying his first visit to Aston Martin Racing (formerly known as Racing Point), with a short haircut, the main company’s financial situation remains difficult. Lawrence Stroll and his fellow investors own stakes in both companies and the racing team has been rebranded to promote Aston Martin but they are separate entities. For those who are watching these things, the Aston Martin share price is pretty volatile. It is not long ago that the shares were trading at £19, which put the market cap at £4.3 billion. But in the course of 2019 they fell gradually to £10 and then dropped sharply in the autumn, when the company issued a profit warning. Then in 2020 COVID-19 arrived and things got even worse. Today the shares are worth £1.85, although the issuing of new shares has meant that the market cap of the firm is £2.13 billion. The company also has considerable debt (around £1.2 billion) although when it comes to the enterprise value, with debt and cash added to the share value, it is still reckoned to be worth around £4 billion, which is what someone will need to pay to acquire it.
This morning there was an interesting story from China’s East Money, a website that watches the financial markets, which suggested that the China’s BYD Auto Company is preparing to acquire the Aston Martin car company, in a deal that would value the British firm at £4.1 billion. BYD (which stands for Build Your Dreams) started out as a company producing rechargeable electric batteries. Today it is the largest supplier of rechargeable batteries in the world. It bought the Tsinchuan Automobile Company in 2002 and while its current range includes electric vehicles, plug-in hybrids and petrol-engined vehicles, it has always been a company that aims to build electric cars. Last May the firm announced plans to expand into Europe with an SUV and a range of commercial vehicles. It also has a joint venture with Daimler to produce luxury electric cars using the Denza brand. It should be remembered, of course, that Daimler will have a 20 percent of Aston Martin by 2023 in exchange for an engine supply deal.
It should also be remembered that at the start of 2020 Geely and the battery manufacturer CATL both looked at acquiring Aston Martin, but lost out to the Stroll consortium. However since then it has not been an easy ride for the car company, although much depends on the sales of the Aston Martin DBX, the company’s first SUV. Things have also been changed somewhat by the British government’s announcement in October that it plans to ban the sale of petrol and diesel cars by 2030, forcing car manufacturers to develop electric models. Some hybrids will be allowed to be sold until 2035, but that’s it. This may kill the British car industry in its current form.
Of course, if Aston Martin is switched over to producing high-end electric cars, its involvement in Formula 1 would make very little sense in the long term, although no doubt the sport will move towards more hybridisation in 2025 and perhaps to full electricity in 2030 or 2035. What happens to Formula E at that point is not clear. But, who knows? Maybe East Money isn’t right.
McLaren fire up Mercedes-powered MCL35M
McLaren has fired up its new Mercedes-powered MCL35M for the first time ahead of the 2021 Formula 1 season. The Woking-based outfit has had a busy winter getting its new car ready for the campaign, having switched from Renault power. The changes to the car to accommodate the Mercedes power unit have been extensive, and required a host of tweaks to last year's chassis. The team has needed to use up both of its two development tokens, which all outfits are allowed to use to make alterations from their 2020 challengers, in a bid to get the required work done.
Speaking earlier this week, McLaren's production director Piers Thynne said that while most teams were carrying over their chassis from last year, his team essentially had to build a brand new car. "Whereas every other team will carry over most of its car from last year into this year, our switch to the Mercedes power unit means that's not the case for us," he said. "It's driven a huge amount of change and, essentially, we've been building a new car. The number of new parts on the MCL35M is about the same as when we built the MCL35. The back of the chassis and gearbox bell housing around the engine have changed significantly to adapt to the new power unit. Changing power unit greatly alters the architecture of the car and the way everything is packaged, so the entire cooling layout and all the pipework, be that for fluid or air, has changed, along with all electrical harnessing and control boxes."
The fire-up of the McLaren at its Woking factory was overseen by team principal Andreas Seidl and CEO Zak Brown. Images that McLaren released of the fire up did not reveal any design details of the new MCL35M beyond the traditional papaya orange colour scheme and the fact that the team is retaining a number of its current sponsors. McLaren will be racing with a new driver line-up for this season following the departure of Carlos Sainz Jr to Ferrari. Lando Norris is staying on board for his third campaign with McLaren, while Daniel Ricciardo is joining the squad from Renault.
A new look for Vettel
Sebastian Vettel’s final season at Ferrari was far from pleasant, finishing a distant 13th in the F1 standings as the famous Italian outfit limped to its worst record in three decades. Now the ousted German superstar has made his first public appearance in his new drive and social media had a field day over the apparent toll his failed six-year Ferrari stint had on his hairline. Vettel unveiled a new look when having his Aston Martin seat fitting as he prepares for a fresh start in the rebranded Racing Point drive.