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Eager to stop more teams quitting the sport, and keen to make races far more competitive, international motor-racing bosses have instituted a slew of changes to Formula One for the 2009 season. The overhaul, agreed to by the teams in December, is designed to cut costs in the fantastically expensive sport by at least 30%. The drivers and cars that pull away in the opening Grand Prix in Australia on March 29 will have to make do with fewer engines to get them through the season, cope with a lower limit on engine revs and learn how to handle...
Formula One had little option but to trim costs. The sport's leading teams last year had annual budgets of $400 million or more. The huge gap back to the other teams not only created a predictable title fight between just three or four drivers but has forced teams out. Worried by the slump in the global auto market, Japanese carmaker Honda, which spent $350 million in 2008, cut its ties in December. (The team has been bought out by former boss Ross Brawn and will now compete as Brawn...
...should ease financial pressures and make races much closer. From this season the cost of engines sold to independent teams will be slashed by half and in-season car-testing has been banned. Further changes are set for 2010; proposals set out this month by the FIA, world motor sport's governing body, would see teams handed greater technical freedom in exchange for limiting their budgets to just $44 million. Spend more and teams would face tighter technical restrictions...
Britain's motor-sport industry has a healthy track record of updating and refining technology. More than 30% of its roughly $9 billion in annual revenue is put back into research and development, Aylett says; the wider engineering sector reinvests just 3%. That emphasis on research has helped motor sport cultivate technologies for use in areas outside racing such as aerospace. Pi Research has an eye on growing its share of business in the defense and marine-craft industries. With Grand Prix teams putting the brakes on spending, diversification may be the best chance for survival. Driving Change A raft...
...excitement of a fast-paced, neck-and-neck contest. The thrill of scoring with only seconds remaining. The heartbreak of a sudden overtime loss.No, this wasn’t an episode of Friday Night Lights or a made-for-TV college sports movie. This drama-filled endeavor was the beginning of the Harvard men’s lacrosse team’s spring break matchups.The No. 13 Crimson clashed with Georgetown yesterday on the Hoyas home Multi-Sport Field, falling to its non-league opponent in overtime, 8-9. This painful loss dropped Harvard’s record...