Word: historyes
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A wind tunnel, for example, costs close to $40 million to construct, not counting the corps of engineers needed to run it. Average annual team budgets had climbed near $300 million and the biggest teams spent $500 million. Sponsorship and prize money rarely brought in half that. "Very few of...
The teams aren't the only ones who can't make ends meet. The promoters behind F1's 19 races have seen their fees for hosting an event double to almost $30 million in the past five years - $45 million for newer races in Abu Dhabi, Singapore and Korea. As...
On balance, F1's move eastward is good for the sport. Last year, more than a third of F1's TV viewers came from China and Brazil alone. India hopes to host a race in the next few years. "Doing an American team makes a lot of sense as the...
It would help if it also retooled itself for an age of scarcity. No one wants to watch a race for the fastest Prius, but "people want to see some progress on fuel efficiency and carbon emissions," says McLaren's Whitmarsh, who also heads the recently formed Formula One Teams...
Under these circumstances, the embattled Iranian government is unable to set a new course for its foreign policy. In a state of paralysis, Iran's behavior is primarily driven by two forces: bureaucratic inertia and a willingness to take only those decisions that are deemed low-risk within Iran's...