Hot News
for your iPhone
for your iPad
Go to our forums to discuss this news
DATE News (chronologically)
GP2 team ART withdraws bid for 2011 F1 debut
(GMM) The French GP2 outfit ART Grand Prix has withdrawn its application to complete the formula one grid in 2011.

In a statement, the team said it worked on the project for "several months" and had "forged strong bonds with several technical and financial partners".

"But with unfavorable economic conditions (the team) could not gather the necessary guarantees to ensure the stability of the project in the long term," said ART.

The team said it has postponed the project to "a later date" and "remains completely focused and dedicated" on its other activities.

Headed by Nicolas Todt, the son of FIA president Jean Todt and manager of the Ferrari driver Felipe Massa, ART also races in the F3 Euroseries and GP3.

Hot News Archives
2000 2001 2002 2003

Search Hot News
Search Help
AutoRacing1 Inc. BBB Business Review