Word: ferraris
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...supremo Max Mosley had hoped to tamp down what he calls the sport's "financial arms race" by imposing a $66 million annual spending cap on teams, but instead he appears to have provoked a walkout that could see some of the sport's major names, such as Ferrari and McLaren, create a rival championship with fewer restrictions - and take the sport's lucrative TV audience with them...
...Formula One's top teams are having none of it. On June 18, the F1 Teams Association (FOTA) announced that eight of its biggest teams, including Ferrari, McLaren, Renault, Toyota, BMW Sauber and current competition leader Brawn GP, plan to set up a rival championship for the 2010 season. They say the rule changes proposed by Mosley would create an unsatisfying two-tier competition by setting different engineering rules for teams that accept the cap and those that don't, and that the spending cap would hinder innovation. A series of recent changes in the rules governing design have also...
...complicate matters, new companies are looking to muscle their way onto the tracks. Italian start-up Nuovo Trasporto Viaggiatori (NTV) is set to launch Europe's first privately operated high-speed service in Italy in 2011, in competition with Italy's former rail monopoly Trenitalia. Headed by Fiat and Ferrari CEO Luca Cordero di Montezemolo, NTV plans to establish a broad network of high-speed Italian services that dovetail with French routes run by SNCF, which owns...
...deal with Dick's Sporting Goods, a major retailer with 389 stores across the country. Manduka offers the Black Mat PRO, a thick, cushiony black mat, for between $74 and $130, depending on its length, and the biodegradable eKO for between $42 and $70. "Manduka is the Porsche, the Ferrari of yoga mats," says Phil Swain, CEO of YogaWorks, a 22-store chain of studios and retail shops in California (the company is opening a New York City location this summer). (See pictures of facial yoga...
...agree on the future" of Formula One, says the former adviser. Stewart agrees. "There's got to be a restructuring of the governing body to project more stability," he says, "to take it through the long term." For now, fans will just be hoping that that future includes Ferrari...