formula one

F1 Champion Fernando Alono's Thumbs Insured for $14 million

The world has no shortage of celebrity performers insuring their limbs for all they're worth. Soccer star David Beckham reportedly has a $70 million policy out on his legs and feet. Michael "Lord of the Dance" Flatley's legs are insured for $39 million. And Heidi Klum's are insured for $2.2 million. Fernando Alonso, however, went a different route.

The latest reports indicate that the two-time Formula One world champion – who recently took possession of some serious wheels for on-road use – has taken out a $14 million policy... on his thumbs. The insurance is provided by Santander, the firm that sponsored him when he was at McLaren and has since followed him to Ferrari. According to the company, the importance of Alono's thumbs extend beyond his driving skills, and stand as a symbol of his dominance in the sport.

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Tags: abbey santander, alonso, f1, fernando alonso, ferrari, formula 1, formula one, insurance, insurance policy, santander, thumbs

Hublot F1 King Power Revealed During Chinese Grand Prix

by Noah Joseph (RSS feed) —

Filed under: Timepieces / Watches

After securing a lucrative merchandizing agreement with Formula One Management last month, Swiss watchmaker Hublot revealed the F1 King. But if its decidedly lackluster, monochromatic design didn't do it for you, this very well might.

Presented in Shanghai during this past weekend's Chinese Grand Prix, the F1 King Power is packed with racing-inspired design touches. Its ceramic bezel is designed after an F1 car's brake disc. The automatic chronograph movement's push-buttons are styled after the high-tech steering wheel on an F1 car. Even the wrist strap is made of fire-retardant Nomex, just like an F1 driver's racing suite. The case itself is made of satin-finish zirconium and affixed with PVD-coated titanium components, and features a 42-hour power reserve. The Hublot F1 King Power will only be made in limited quantities, so interested parties had better act fast.

Gallery: Hublot F1 King Power

Tags: f1, f1 king power, formula 1, formula one, hublot, hublot f1 king power, time piece, watch, wrist watch

Hublot F1 King: The Official Watch of Formula One

by Noah Joseph (RSS feed) —

Filed under: Timepieces / Watches, Luxury Cars & Autos

The F1 season kicked off this past weekend in Bahrain. But in addition to the race action, Formula One Management signed there a new commercial agreement with Swiss watchmaker Hublot. The arrangement gives Hublot the right to use the F1 name commercially, and will see the brand represented at select races with unique hospitality events throughout the year. But more than that, it means that Hublot will begin marketing a special F1-branded line of watches.

The first example is what you see here: the Hublot F1 King. The opposite of the kind of bling you'd typically associate with grand prix racing, the timepiece is based on the King Power model, with everything blacked out for a sleek, matte look. Only 500 examples, each individually numbered, will be on offer before Hublot unveils its next F1 edition.

Gallery: Hublot F1 King

Tags: f1, formula 1, formula one, formula one management, hublot, hublot f1 king

Mercedes-Benz Shows Off SLS AMG F1 Safety Car

by Jeremy Korzeniewski (RSS feed) —

Filed under: Luxury Cars & Autos

Mercedes-Benz SLS AMG F1 Safety Car – Click above for high-res image gallery

Sometimes, speed equals safety. Perhaps nowhere else is that more true than on a racetrack when you're piloting the so-called safety car and you've got a pack of Formula One cars riding up your tailpipe. Good thing, then, that the newest safety car to be used for F1 duty is the 571-horsepower Mercedes-Benz SLS AMG.

Interestingly, that tailpipe is the only mechanical change made to the SLS AMG to bring it up to Official F1 Safety Car specs. Mercedes-Benz left everything else on the car, including the engine, suspension and carbon-ceramic brakes, stock. Not that you won't be able to tell the difference between the Safety Car and a standard Gullwing – a new carbon fiber hood with front-mounted camera, rear number plate with a camera and 700 LEDs and an "aerodynamically optimised roof light bar" (for the first time using all LEDs) ensure nobody can miss this particular SLS AMG.

For what it's worth, the SLS AMG replaces the SL63 AMG, which had been the Official Safety Car for the previous two seasons. Again, the F1 Safety Car will be piloted by former DTM driver Bernd Mayländer. Also, the Mercedes-Benz C63 AMG Estate (that's wagon to us Americans) will serve as the Official F1 Medical Car. Let's hope that one doesn't see too much track time, eh? Click past the break for the official press release.

Gallery: Mercedes-Benz SLS AMG F1 Safety Car

[Source: Mercedes-Benz]

Tags: f1, f1 safety car, F1SafetyCar, formula 1, formula one, formula one safety car, Formula1, FormulaOne, FormulaOneSafetyCar, mercedes, mercedes-benz, mercedes-benz sls amg, Mercedes-benzSlsAmg, sls amg, sls amg gullwing, SlsAmg, SlsAmgGullwing

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World Champion's Father Establishes GP Prep Drivers Academy

by Noah Joseph (RSS feed) —

Filed under: Luxury Cars & Autos

If you want to get behind the wheel of a formula racing car, there is no shortage of advanced driving schools that would be glad to give you the opportunity. But at the top of the totem pole sits the new GP Prep Drivers Academy.

The program is being established by Anthony Hamilton, who as manager and father of 2008 Formula One World Champion Lewis Hamilton, knows a thing or two about coaching aspiring drivers. The academy was born out of a need to provide new drivers with testing opportunities on their way up to Formula One, trying to get around the tight regulations that prohibit mid-season testing sessions.

Hamilton's in the process of leasing a fleet of retired 2009 F1 cars from various teams, starting with McLaren. The price for running one of GP Prep's test sessions, though, will reportedly approach the cost of campaigning a full grand prix weekend, which means millions of dollars for a bit of track time. Hey, nobody said F1 was cheap.

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Tags: anthony hamilton, AnthonyHamilton, f1, formula 1, formula one, Formula1, FormulaOne, gp, gp prep, gp prep drivers academy, GpPrep, GpPrepDriversAcademy, hamilton, lewis hamilton, LewisHamilton

The Ultimate F1 Chair

by Noah Joseph (RSS feed) —

Filed under: Decor, Luxury Cars & Autos

We've seen our fair share of furniture designed to look like cars, but this one's got to take the cake. Created by Bulgarian interior designer Alexander Christoff, this chair was styled to look like a Formula One race car, but ergonomically shaped to cradle the contours of the human body instead of accelerate down straightaways and grip around hairpin turns.

It's made of fiberglass with chrome legs at the back and an adjustable, upholstered headrest. No word on availability, but as we've discovered, everything's available...for a price. And short of a megayacht in the Monte Carlo harbor, we can't think of a better place to watch the Monaco Grand Prix this year.

Gallery: F1 chair by Alexander Christoff

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Tags: alexander christoff, AlexanderChristoff, chair, f1, formula 1, formula one, Formula1, FormulaOne, furniture, lounge

Flavio Briatore Seeks His Day in Court

by Noah Joseph (RSS feed) —

Filed under: Sports, Crimes and Misdemeanors

It's hard to feel bad for Flavio Briatore. The billionaire playboy is credited with expanding the Benetton empire around the world, and then went on to manage its Formula One racing team. When French automaker Renault bought the team, he became team principal, taking on a public role within the glamorous sport. Along the way he also started a handful of other racing series, acquired an English football club, opened luxurious resorts around the world under the Billionaire brand and proceeded to date some of the most glamorous models and actresses on the world stage, fathering a child with none other than Heidi Klum. But his career came to a grinding halt last year with the so-called "crash-gate" affair.

According to accusations, Briatore ordered his driver Nelson Piquet Jr to crash in the 2008 Singapore Grand Prix, helping his team-mate Fernandlo Alonso win the race. Briatore was both boss and manager to both drivers, and when Piquet blew the whistle, Flavio was kicked out of the sport by the Federation Internationale de l'Automobile, the international governing body that supervises the sport.

Briatore has since won an appeal against the FIA in French courts, but says he'll never manage another F1 team again. Instead, he's suing the FIA again for damages caused to his reputation and to his driver management business. He may be cleared to race again, but Briatore's out for blood.

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Tags: billionaire, briatore, crash gate, CrashGate, f1, federation internationale de lautomobile, FederationInternationaleDeLautomobile, fia, flavio briatore, FlavioBriatore, formula 1, formula one, Formula1, FormulaOne, renault, renault f1, RenaultF1

BMW Reportedly Defrauded in Formula One Sale

by Noah Joseph (RSS feed) —

Filed under: Luxury Cars & Autos, Sports, Crimes and Misdemeanors

Back in 2005, BMW shocked the Formula One racing world by announcing it would leave its longtime partner Williams F1 in order to acquire its rival Sauber. But after four years of racing, the economy tanked and the coffers ran dry. BMW announced it would withdraw from the sport, leaving Sauber to look for a new investor.

A new investor was found, but reports now indicate that the deal could have been an elaborate fraud. The buyer was identified as Qadbak Investments, a mysterious Swiss firm that had recently acquired a football club in England and which was supposedly backed by wealthy Middle Eastern investors who preferred to keep a low profile. After an exhaustive chase of paper trails and dummy companies, it now appears that Qadbak is nothing but a front for one Russell King, a British national based in Dubai previously convicted of fraud.

According to the report, King was planning on using Sauber as a means to tap into the revenue sharing scheme in Formula One, worth tens of millions of euros.

Source

Tags: bmw, bmw sauber, BmwSauber, f1, formula 1, formula one, Formula1, FormulaOne, qadbak, qadbak investments, QadbakInvestments, russell king, RussellKing, sauber

Mercedes-Benz Acquires World Champion Brawn GP Team

by Noah Joseph (RSS feed) —

Filed under: Luxury Cars & Autos, Sports

Mercedes-Benz has a long history in grand prix racing. In the inter-war period, it competed with the famous Silver Arrows. After the war, the German automaker returned briefly, only to withdraw again after just one year. It wouldn't be until decades later that they'd come back to the scene, supplying engines first to the Sauber team (later acquired by arch-rival BMW) and then to McLaren, the championship team with which Mercedes has been tied – including a part-ownership and collaboration on the SLR McLaren supercar – since 1995. McLaren and Mercedes won several world championships throughout their fourteen-year history together, but now the two companies have gone their own separate ways. McLaren is building their own supercar – the MP4-12C – and Mercedes the SLS AMG, and now the two have announced a separation on the race track as well.

Although Mercedes will continue to provide McLaren with engines, the automaker has sold its stake back to the racing team. In its place, Benz has acquired a 75% stake in the Brawn GP team – which was previously Honda's, which in turn took over from British American Racing and Tyrrell before that. In its inaugural season, Brawn won both the constructors' title and the drivers' title, and will now be rebranded as Mercedes Grand Prix for the upcoming season. Eager to demonstrate German talent, the new Mercedes team has already signed Nico Rosberg – one of the youngest and most promising talents on the grid – and is preparing to announce its second driver shortly before returning for the 2010 championship in an effort to repeat this year's success.

Tags: f1, formula 1, formula one, Formula1, FormulaOne, mclaren, mercedes, mercedes grand prix, mercedes-benz, MercedesGrandPrix, silver arrows, SilverArrows

F1 Champion Kimi Raikkonen Could Be Paid 17 Million Euros Not to Race Next Season

by Noah Joseph (RSS feed) —

Filed under: Luxury Cars & Autos, Sports, Wealth

There are few sports figures paid as highly as Formula One drivers...world champions especially. With the 2009 season already wrapped up, teams are preparing for their assault on next year's championship, with an unprecedented game of musical chairs taking place in the off-season.

Among the changes, two-time world champion Fernando Alonso is moving, at long last, from Renault to Ferrari. Trouble is, the Italian team already has two world-class drivers on contract. So to make room, Ferrari is willing to pay its 2007 world champion Kimi Raikkonen not to race.

According to reports, Raikkonen will be paid a whopping 17 million euros next year just to vacate his seat. He's free to move to another team, but if he does, Ferrari will only owe him 10 million euros. For his part, Kimi says he'll only consider McLaren, and knowing full well of the conditions of his contract, the British team (for whom he drove previously) is offering him only 5 million – a fair bit less than he'd be worth on the open market. The bottom line is that Raikkonen stands to make more money if he sits out next season than if he races.

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Tags: f1, ferrari, formula 1, formula one, Formula1, FormulaOne, kimi, kimi raikkonen, KimiRaikkonen, mclaren, raikkonen, scuderia ferrari, ScuderiaFerrari

Former F1 Driver David Coulthard gets a $33,000 Speeding Ticket

by Noah Joseph (RSS feed) —

Filed under: Luxury Cars & Autos, Sports, Crimes and Misdemeanors

The truly wealthy never seem to care about tickets. They park where they want and drive how they want, because the penalties never mean much more than pocket change to them. Well they might want to give that a second thought as one extremely wealthy motorist has received an unpredecentedly large speeding ticket in Mumbai.

The fine was imposed on one David Coulthard, one of the most successful Formula One drivers never to win a world title. The Scotsman recently retired from active duty, but still performs from time to time for the Red Bull Racing team he helped form. On a recent demonstration run for 50,000 fans in India, Coulthard reportedly hit a top speed of 162 miles per hour... in a 30 zone. The result was that the local officials withheld the $33,000 deposit put down for the team for the event. Which has to be the biggest speeding ticket ever issued.

Gallery: Red Bull Racing demonstration in Mumbai

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Tags: david coulthard, DavidCoulthard, formula one, FormulaOne, mumbai, speeding ticket, SpeedingTicket

Brawn GP Racing Chronographs by Graham-London

by Noah Joseph (RSS feed) —

Filed under: Timepieces / Watches, Luxury Cars & Autos

The correlations between high-performance racing machines and high-precision timepieces hardly need any elaboration, and the examples are plenty. It seems every premium automaker and every top-tier racing team has its own line of watches, usually crafted by Switzerland's finest watchmakers. And now Brawn GP has joined the fold.

If you haven't heard of Brawn GP, it's been a while since you've watched a grand prix. The team – headed by strategic mastermind Ross Brawn – that took over when Honda packed up and left Formula One racing last year is leading the world championship with only two rounds to go. But they've run most of the season without the sort of multi-million-dollar sponsorship deals you'd expect of the rookie race winners. At the British Grand Prix at Silverstone this year, however, the team announced a new deal with Anglo-Swiss watchmakers Graham-London, which lays claim to the first chronograph in timekeeping history. Graham has debuted a small line of timepieces custom made for the team, including the Chronofighter and the Silverstone, featuring Brawn GP's signature colors and individually numbered. Only 250 will be made, so you'd better be faster than a Brawn racer to get your hands on one.

Gallery: Brawn GP series by Graham-London

Tags: brawn, brawn gp, BrawnGp, f1, formula 1, formula one, Formula1, FormulaOne, graham, graham london, graham-london, GrahamLondon, grand prix, GrandPrix

G.H. Mumm Formula One Ltd. Edition

by Jared Paul Stern (RSS feed) —

Filed under: Spirits, Wine, Events, Sports

At the Pavilion Visconti in Milan, French champagne house G.H. Mumm just unveiled a special edition gift box designed for the recent Italian Grand Prix Formula One championship, won by Brawn-Mercedes driver Rubens Barrichello. Made from carbon fiber with gold plate details and a black velvet interior, the limited edition G.H. Mumm F1 Box will be available to order in Italy only for €5,000, or about $7,300. It's the cornerstone of a collection of champagne accessories commemorating the famed race designed exclusively for Mumm, founded in 1827 and now owned by Pernod Ricard.

[via BornRich]

Tags: carbon fiber, CarbonFiber, champagne, Formula One, FormulaOne, G.H. Mumm, G.h.Mumm, Italy, Milan

Flavio Briatore's Race-Fixing Scandal

by Deidre Woollard (RSS feed) —

Filed under: Luxury Cars & Autos, Crimes and Misdemeanors

Millionaire playboy and Formula One head Flavio Briatore is the center of major controversy today. Briatore, famous as much for his freespending and modelizing ways as his racing career, has stepped down as the head of the Renault team. Briatore told the Daily Mirror that he made the move for the good of the team amid allegations of race-fixing. Both Briatore and the team's executive director of engineering, Pat Symonds, left their posts after Renault refused to contest allegations that former Renault driver Nelson Piquet Jr. was asked to deliberately crash in last year's Singapore Grand Prix. His crash benefitted the team's other driver Fernando Alonso who went on to win the race.

Members of the Renault team are set to appear before the International Automobile Federation (FIA) in Paris on Monday and face the possibility of being expelled from competition. Now that Briatore and Symonds are no longer part of the team Renault may not be banned but will likely face a fine or some other action. Piquet has already testified that he was told by Briatore and Symonds when and where to crash .According to CNN, Renault's chief operating officer Patrick Peralta has said that Briatore and Symonds are solely responsible for the incident.

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Tags: flavio briatore, FlavioBriatore, formula one, FormulaOne, renault

Toyota F1 Car Parts Available For Purchase

by Noah Joseph (RSS feed) —

Filed under: Luxury Cars & Autos, Sports

Getting a piece of the action is what sports memorabilia is all about. And when it comes to motorsports, there's plenty to go around. Every year, each Formula One team complete redesigns its cars, and builds several of them in pairs to last its drivers the entire season. Once the season's done, many of the teams opt to sell off either the entire car, or pieces of the car to collectors. And while Toyota may not have fared so well in previous seasons, this year the team is in third place, ahead of recent championship-winning teams Ferrari, McLaren and Renault, making their memorabilia particularly attractive to collectors, especially at prices significantly lower than those of its competition. While a 1:3 scale replica of a Ferrari nose-cone from last year, for example, will set you back a whopping 5833 euros, an authentic example from Toyota (like the one pictured above) doesn't cost a fraction of that amount, and there are plenty of tantalizing collectible bits starting at just 200 euros for an authentic wheel, brake disc or carbon-fiber suspension piece.

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Tags: cologne, f1 merchandise, f1 spare parts, F1Merchandise, F1SpareParts, formula 1, formula one, formula one merchandise, Formula1, FormulaOne, FormulaOneMerchandise, merchandise, merchandising, spare parts, SpareParts, toyota, toyota f1, toyota formula one, ToyotaF1, ToyotaFormulaOne

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