Bingoman
Well-Known Member
I hope they do better than yearVery pretty, that Williams.
It's probably just the photo, but does it look high off the ground to any one else?
I hope they do better than yearVery pretty, that Williams.
It's probably just the photo, but does it look high off the ground to any one else?
And I always thought it was Helmut Marko who did the crisp Hugo Boss uniform and patent leather jack boots at Red Bull.So what's Horner been up to? I reckon bullying staff members is his MO.
Very pretty, that Williams.
It's probably just the photo, but does it look high off the ground to any one else?
It is very pretty but, I agree, it does look like there's a lot of space under it.
Internal investigation against Red Bull team principal Christian Horner
In a move that has sent ripples through the Formula 1 community, Red Bull Racing have confirmed the initiation of an internal investigation targeting their team principal, Christian Horner. This probe comes in light of severe allegations of inappropriate behavior levied against Horner by a staff member, prompting immediate action from the upper echelons of the Red Bull hierarchy. The allegations against Horner, whose leadership has been pivotal in steering Red Bull Racing to numerous Formula 1 successes, emerged amidst the high-profile setting of the Hahnenkamm ski race in Kitzbuhel.
This event, renowned for attracting the who’s who of the Formula 1 world, including notable figures like McLaren’s Zak Brown and Mercedes’ Toto Wolff, reportedly served as the backdrop against which these serious claims surfaced. Responding to the situation, Red Bull has taken swift measures by engaging an external legal expert to spearhead the investigation. The organization stated, “Following the recent allegations coming to light, the company has launched an independent investigation. This process, which is already underway, is being conducted by an external specialist lawyer. The company is taking this matter very seriously and the investigation will be finalized as soon as possible. It would not be appropriate to comment further at this time.”
In response to the allegations, Horner stated: ‘I completely deny these claims.’ This statement underscores Red Bull‘s commitment to a thorough and unbiased examination of the accusations, emphasizing the gravity with which they regard such matters. While the specifics of the allegations remain under wraps, the initiation of an external investigation highlights the potential severity of the situation and Red Bull‘s intention to uphold its ethical standards.
Christian Horner’s future at Red Bull?
The Formula 1 community watches closely as this situation unfolds, with the outcome of the investigation potentially having significant implications for Christian Horner‘s future with Red Bull. As the investigation proceeds, the principle of presumed innocence until proven guilty remains paramount. However, this development undoubtedly casts a shadow over Red Bull‘s preparations for the upcoming Formula 1 season, during a time when unity and focus are crucial for success on the racetrack.
As details continue to emerge, fans and insiders alike await further updates on the investigation’s findings and any subsequent actions that Red Bull might take. The implications of this inquiry extend beyond the immediate parties involved, touching on broader issues of workplace conduct and the mechanisms in place within Formula 1 teams to address such serious allegations.
In the high-stakes world of Formula 1, where the performance on the track is often mirrored by the drama off it, this investigation into one of the sport’s leading figures marks a significant moment that could influence the operational dynamics within the Red Bull Racing team and potentially reshape its leadership structure.
And I always thought it was Helmut Marko who did the crisp Hugo Boss uniform and patent leather jack boots at Red Bull.
If it carries on like this it'll be my turn soon. They do seem to have a high rate of churn.Aston Martin Seeking Fourth CEO in Four Years
Aston Martin is reportedly reaching out to candidates to replace Amedeo Felisa as the company’s chief executive officer, potentially setting the business up to have its fourth CEO in four years. Felisa has headed the UK-based automaker since May of 2022 and inherited a situation where the business was already taking on sizable amounts of debt annually. The company’s share price has also been trending downward since 2018, though it has remained mostly flat since October of 2022. Management reported £1.1 billion in revenue in 2018. But it had dropped to just £612 million by the end of 2020. In December 2022, that figure had come back up to £1.4 — making it seem as though the hard times were the result of economic issues created via the global response to COVID-19. However, Aston Martin failed to turn this into profitability and was staking sustained losses, which included taking on £495 million in debt for 2022.
The company attributed the loss to global supply chain troubles and the fact that it had been spending big on new models, including some all-electric vehicles. By November of 2023, Aston Martin reported an adjusted operating loss of £48.4 million for its Q3 results and a net revenue of £362 million. While the company signaled this as a turnaround for the brand, it still ended the quarter rolling back sales estimates and confirmed negative cash flow of £78.5 million. Some of the newer models weren’t selling at target volumes and the company suggested an equity raise could take place early in 2024. From the looks of things, Aston has managed to solve some problems while others manifest and has ultimately had to temper shareholder expectations. The current hope seems to be that the brand’s newer products will see improved sales as production ramps up. But the fact that it’s hunting for a new CEO would seem to indicate the plan isn’t universally appreciated. That said, Felisa is now 77 and may be seeking retirement. However, even if that’s not the case, it’s likely that’ll be the excuse given when the management change takes place.
Executive Chairman Lawrence Stroll has already “cycled through” CEOs, according to reporting from Bloomberg:
Executive Chairman Lawrence Stroll has contacted current and former heads of other luxury auto manufacturers to gauge interest in the role, according to people familiar with the matter, who asked not to be identified because the conversations were private. An Aston Martin spokesperson declined to comment. The company’s shares dropped as much as 4 [percent] as of 12:25 p.m. Tuesday in London. The stock has slumped 54 [percent] since the end of July. Stroll, 64, tapped Felisa to be CEO in May 2022, replacing former Mercedes-AMG boss Tobias Moers, who spent less than two years in the job. His predecessor, Andy Palmer, left months after Stroll rescued Aston Martin in early 2020. Aston Martin’s search is no surprise given that Felisa — who initially retired from Ferrari NV in 2016 — was “always a temporary solution,” Bloomberg Intelligence analyst Michael Dean said in a report.
While its share price took a dive in 2018, Stroll reeled in new investors and even brought the Aston Martin name back to Formula One (as a distinct entity) after a 61-year absence. However, some of the new shareholders that have emerged since 2022 have been somewhat controversial. Entities like Saudi Arabia's Public Investment Fund and China's Zhejiang Geely Holding Group have deep pockets. But critics have wondered how wise it is to join with them when global tensions appear to be growing. Some have even faulted Stroll with mismanagement, often citing Aston Martin’s rotating list of CEOs as evidence. However, Stroll didn’t take leadership until after the company’s financial issues reached a breaking point in 2020. It hardly seems fair to place full ownership of the corporate woes upon his shoulders.
His father, Leo Strulovitch, imported European luxury brands (e.g. Pierre Cardin and Ralph Lauren) into Canada before Lawrence took over the business. He then worked with Asian investors to expand Ralph Lauren, Tommy Hilfiger and Michael Kors worldwide. Nepotism aside, Stroll’s background in luxury goods seemed like a good fit for Aston Martin. Sadly, it doesn’t appear to have been enough to solve the automaker’s many problems. For 2024, Aston Martin has already tempered delivery estimates on the DB12 and has more recently been hinting that could be the case for its entire lineup, even if it doesn't blame suppliers this time around. “The DB12 production ramp up was temporarily affected as supplier readiness and integration of the new EE platform that supports the fully redeveloped infotainment system was delayed,” Aston Martin said in its earnings report from November.
The company has declined to comment on any prospective management shakeup. But it’s also going to have to release another financial report soon that will outline the entirety of 2023. Depending on how that goes, the business may be forced into explaining the matter while it outlines what it’s going to do about its finances moving forward.
Horner and Jos Verstappen relationship 'badly damaged' BEFORE Red Bull allegations
Christian Horner's personal relationship with Max Verstappen's father Jos Verstappen has reportedly taken a hit. Allegations of 'inappropriate behaviour' have recently been levelled at Red Bull team principal Horner, who 'completely denies' the claims that were first reported by Dutch outlet De Telegraaf. The Brit has been in charge of the Milton Keynes-based outfit since their inception into Formula 1 back in 2005 and has won seven drivers' championships and six constructors' titles with the team in that time.
In 2023, Horner himself suggested that the team's dominant RB19 car was the 'most successful car in F1 history', as star driver Max Verstappen broke multiple records on his way to a third consecutive title. Verstappen shares a close relationship with his father Jos, who also raced in F1 for eight seasons between 1994-2003, claiming two podiums. Now, it's being reported that Horner's relationship with the Verstappen family was 'badly damaged', even before these allegations against the 50-year-old were made public.
Dutch publication Motorsport Total.com have said that three-time world champion Verstappen is very loyal to his close circle of friends and family, and that Horner may no longer be a part of that. They have inferred that the Brit has not seen eye-to-eye with Verstappen senior for some time, and even alleged that it is 'probably no coincidence' that the 'inappropriate behaviour' allegations were first reported by Dutch media.
[Are they hinting that someone in the Verstappen camp leaked this story to the Dutch press ( ͡° ͜ʖ ͡°) ]
Sounds a bit suspect too and too convenientHorner and Jos Verstappen relationship 'badly damaged' BEFORE Red Bull allegations
Christian Horner's personal relationship with Max Verstappen's father Jos Verstappen has reportedly taken a hit. Allegations of 'inappropriate behaviour' have recently been levelled at Red Bull team principal Horner, who 'completely denies' the claims that were first reported by Dutch outlet De Telegraaf. The Brit has been in charge of the Milton Keynes-based outfit since their inception into Formula 1 back in 2005 and has won seven drivers' championships and six constructors' titles with the team in that time.
In 2023, Horner himself suggested that the team's dominant RB19 car was the 'most successful car in F1 history', as star driver Max Verstappen broke multiple records on his way to a third consecutive title. Verstappen shares a close relationship with his father Jos, who also raced in F1 for eight seasons between 1994-2003, claiming two podiums. Now, it's being reported that Horner's relationship with the Verstappen family was 'badly damaged', even before these allegations against the 50-year-old were made public.
Dutch publication Motorsport Total.com have said that three-time world champion Verstappen is very loyal to his close circle of friends and family, and that Horner may no longer be a part of that. They have inferred that the Brit has not seen eye-to-eye with Verstappen senior for some time, and even alleged that it is 'probably no coincidence' that the 'inappropriate behaviour' allegations were first reported by Dutch media.
[Are they hinting that someone in the Verstappen camp leaked this story to the Dutch press ( ͡° ͜ʖ ͡°) ]
What is going on at red bull all of a sudden?Max is the golden goose atm
him throwing his toys out the pram is not good for the team
plus he now holds as much power as anyone else fronting the team
come on adrian newey retire and let this group of wankers get their comeuppance
Karma.What is going on at red bull all of a sudden?
Ah ok cant argue with thatKarma.
What is going on at red bull all of a sudden?
British Grand Prix to remain on F1 calendar until 2034
Formula 1 confirmed Thursday that the British Grand Prix would remain on the calendar until 2034. "I am delighted to announce that the British Grand Prix will remain on the calendar for 10 more years with this agreement," President and CEO of Formula 1, Stefano Domenicali, said in a statement. "Silverstone is an iconic venue at the heart of F1 history and as it approaches its ninth decade hosting Grands Prix, the event continues to attract fans from around the world for fantastic racing on track and the amazing fan experience off it" he added.
The new three-year deal between Formula 1, Silverstone, and its owner, the British Racing Drivers’ Club, will see the Northamptonshire circuit race into its ninth decade, having hosted the first-ever Formula Grand Prix in 1950.
The 2024 edition of the British Grand Prix will take place July 5 - 7.
good no fuck off with the another street track in London idea
street tracks are wank if they are not on actually streeta no wants to see F1 driver around a fucking car park in london
They should do it in Reading. Boot it round the IDR, up to a big hairpin at cemetery junction, down to Southampton street then get on the gas to fly past the broad street mall. Figure of 8 course, like Suzuka.good no fuck off with the another street track in London idea
street tracks are wank if they are not on actually streeta no wants to see F1 driver around a fucking car park in london