Construction of India's Formula One track would not be affected by the global financial meltdown and it would be ready for its inaugural race in 2011, according to the head of the construction company building it.
F1 aspirant Karun Chandhok finished a lowly 19th in the feature race of the GP2 Main Series, thus failing to buttress his case for a seat with the Force India Formula One team.
With just five races to go before the Kinetic Energy Recovery System (KERS) becomes history, Force India Formula One team has closed that option, saying it is not worth the money or hassle. Force India chairman Vijay Mallya said introducing KERS at this stage would not only upset the car's balance but also burn a hole in his pocket.
Indian magnate Vijay Mallya refuses to let the global credit crunch cramp his style, even if other high rollers may be keeping a lower profile at this weekend's Monaco Grand Prix.
McLaren's Spanish reserve driver Pedro de la Rosa switched over to testing duties with the Force India Formula One team at Barcelona's Circuit de Catalunya on Tuesday. Force India this month agreed a five-year partnership deal with McLaren and Mercedes that will see them replace their Ferrari engines with a complete drivetrain (engine and gearbox) package next season.
Force India Formula One driver Adrian Sutil says Italian team mate Giancarlo Fisichella has made him stronger for the season ahead. The German said he learned from watching the Roman's approach and had closed the gap by the end of the season.
Mallya is the first Indian ever to become the owner of a Formula One Team. The Netherlands-based Mol Family and Mallya have formed a consortium that is now the joint owner of Force India Formula One, which is also India's first-ever Formula One Team and represents India's first, truly global sports foray.
The new Force India car, equipped with Mercedes engine and McLaren gearbox, will be unveiled in Spain early March, team owner Vijay Mallya said in New Delhi on Sunday.
Force India set their sights on breaking into Formula One's top three at the launch of their new car on Wednesday and hit back at suggestions that they lack the budget to match the manufacturers in a spending 'arms race'.
Force India F1 team continued making solid progress when it completed another trouble-free day of testing in Barcelona.
Fisichella joins Force India for its debut F1 season, bringing extensive Formula One know-how to the team. A veteran of 12 FIA Formula One World Championship seasons, with three victories and almost 300 points to his credit, his experience will help the team achieve its long-term aims.
"I just have to ride out the storm," Vijay Mallya said.
Force India Formula One team co-owner Vijay Mallya has warned the country not to expect too much from the team in 2008 despite a big budget increase. The Indian billionaire bought into the Spyker team and renamed it after last season and interest has been drummed up further through advertisements about "the force of a billion hearts."
Italian Giancarlo Fisichella is set to drive for the Force India Formula One team this season with compatriot Vitantonio Liuzzi taking the role of tester, sources said on Tuesday.
Troubled business tycoon Vijay Mallya, on Sunday, asserted that his stepping down as chairman of the United Spirits Ltd will not affect his control in Formula One team, Sahara Force India.
Until the age of 14, Adrian Sutil was a very promising pianist and looked set for a career in music rather than motor racing.
The Silverstone-based team have finished fourth for the past two years
The 39-year-old German will test Ferrari's 2008 car in Spain next week along with reigning F1 champion Kimi Raikkonen.
Force India's first day of winter testing was marred by red flags and spins from both drivers raising questions about the car's stability.
The team's new owner Indian billionaire Vijay Mallya said an Indian driver is an option but not an immediate priority.
Vijay Mallya will reveal the 2008 Force India F1 car in Mumbai on February 7.
Italian Giancarlo Fisichella says he joined the Force India Formula One team because he likes a challenge. 'I had other options at the end of the last season. (But) this was the best.'
The Supreme Court has rejected an appeal by Vijay Mallya to overturn charges against him for allegedly violating foreign exchange rules, adding to the legal challenges facing one of the country's most prominent businessmen.
Sahara Force India ended the 2014 season on a high with Nico Hulkenberg finishing the Abu Dhabi Grand Prix in sixth position just ahead of teammate Sergio Perez.
Force India's Nico Hulkenberg had a Singapore Grand Prix to forget on Sunday when the German crashed out after 12 laps following a collision with Felipe Massa's Williams and was immediately given a grid penalty for the next race.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
Russian fertiliser group Uralkali said that by turning down its higher bid for the company, the administrators had denied the extra funds that would have accrued to the shareholder of Force India - Mallya's Orange India Holdings Sarl - which is subject to a freezing order issued by the UK's High Court in favour of his 13 creditor Indian banks, led by the State Bank of India.
Vijay Mallya faces a sensitive diary clash this week as the season-opening Australian Formula One Grand Prix coincides with an appointment to appear before Indian investigators.
Diageo may not be able to recover $135 mn loan from Mallya firm
The Indian ace finished ninth in the first qualifying, nine places ahead of Ferrari's Schumacher, who was the slowest of the 18 cars.
India's Formula One debutant expressed happiness with the new Jordan EJ15B, but said the team will first use it probably at the German GP on July 24.
Wants details of Vijay Mallya transactions over 4 years
There has been speculation within Formula One that Lawrence Stroll, the billionaire father of Canadian driver Lance, is willing to invest in Force India as part of a move for his son from Williams.
A summary of sports events and sports persons, who made news on Sunday
Speaking to reporters Mallya said, "It will all become clear in court".
The Indian ace followed up his a first place in Round 9 with a win in Round 10 in the British F3 Scholarship class races.
British-based Force India, who have Mexican Sergio Perez and Germany's Nico Hulkenberg confirmed as drivers for 2016 and use Mercedes engines, contract out much of their chassis work to keep costs down.
Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman
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