F1 looks to new economies for future teams

Formula One should look to fast-developing economies like China, India and Russia for the new teams of the future, Toyota Motorsport president John Howett said on Friday

F1 looks to new economies for future teams

"India is a booming market, China is a booming market, Russia is growing also, for us it's the biggest market now in Europe," he told a news conference at the Turkish Grand Prix.

"I foresee that from these countries, where there is very strong economic strength, there is the potential for teams to enter Formula One.

"It is technically challenging and it probably also depends on what those backers or potential entries perceive as Formula One and the benefit it can offer," added Howett.

"So it probably also has some relevance as to the future positioning of Formula One as a sport."

Formula One started the season with 11 teams but was reduced to 10 this week when Honda-backed Super Aguri announced their withdrawal for financial reasons.

However, 2008 has also seen the arrival of Force India, the former Spyker team bought by Indian billionaire Vijay Mallya.

Super Aguri, the smallest of the teams, had been in takeover talks with Dubai-backed Magma Group before an agreed deal collapsed.

Formula One is increasingly looking to the developing world, with India expected to host a race in 2010 after Abu Dhabi becomes the second race in the Middle East next season and Singapore debuts this year.

China already has a race while Russia has long been talked of as a future destination.

Toyota entered in 2002 with a team started from scratch and Howett said he believed there were big companies and developing manufacturers interested in joining the sport.

Honda team principal Ross Brawn said it would be extremely difficult for a privately-owned, non-manufacturer backed team to come into Formula One, due to the costs involved in starting up and building a car.

"But it's viable for a lot of manufacturers at the moment, there's no reason why it shouldn't be viable for other manufacturers in the future, particularly the expanding market for Formula One," he said.

"Different countries are now starting to establish our sport. I think there are a lot of opportunities from that direction in the future."

Frank Williams, whose team is one of the remaining independents on the starting grid, said Super Aguri had shown how hard it was to raise capital as a 'privateer'.

"We have a Japanese driver, never yet found a penny of sponsorship for him in Japan, and that's much cheaper than actually creating a team," he said.

shares
comments
Bridgestone caught out by Turkish weather

Previous article

Bridgestone caught out by Turkish weather

Next article

Webber tops final practice in Turkey

Webber tops final practice in Turkey
Load comments
How Monza only added more questions to F1's sprint race conundrum Plus

How Monza only added more questions to F1's sprint race conundrum

With two sprint races under its belt, Formula 1 must now consider its options for them going forward. While they've helped deliver exciting racing on Sundays, the sprints themselves have been somewhat lacking - creating yet another conundrum for F1 to solve...

Who should Alfa Romeo sign for 2022's F1 season? Plus

Who should Alfa Romeo sign for 2022's F1 season?

OPINION: With Valtteri Bottas already signed up for 2022, all eyes are on the race for the second seat at Alfa Romeo next year. Antonio Giovinazzi is the current incumbent, but faces a tough competition from appealing short and long-term prospects

Formula 1
Sep 15, 2021
The "forced break" that was key to Ricciardo's Monza excellence Plus

The "forced break" that was key to Ricciardo's Monza excellence

OPINION: Daniel Ricciardo has long been considered one of Formula 1’s elite drivers. But his struggles at McLaren since switching from Renault for 2021 have been painful to watch at times. Yet he’s recovered to banish those memories with a famous Monza win – built on a critically important foundation

Formula 1
Sep 14, 2021
How Verstappen is ruining his F1 title battle with Hamilton Plus

How Verstappen is ruining his F1 title battle with Hamilton

OPINION: The Italian GP clash between Lewis Hamilton and Max Verstappen followed a running theme in the 2021 Formula 1 title fight. Their close-quarters battles have often resulted in contact - and although Hamilton has shown a willingness to back off, Verstappen must learn to temper his aggression

Formula 1
Sep 14, 2021
Italian Grand Prix Driver Ratings Plus

Italian Grand Prix Driver Ratings

Two drivers produced maximum-score performances as, for the second year in a row, Monza threw up an unpredictable result that left several others ruing what might have been

Formula 1
Sep 13, 2021
Why Ricciardo was set for Monza F1 triumph even without Verstappen/Hamilton crash Plus

Why Ricciardo was set for Monza F1 triumph even without Verstappen/Hamilton crash

The clash between Max Verstappen and Lewis Hamilton was the major flashpoint the 2021 Italian Grand Prix will be remembered for. Yet by this point, race leader Daniel Ricciardo had already done the hard work that would put him in position to end his and McLaren's lengthy win droughts, on a memorable afternoon in Monza

Formula 1
Sep 13, 2021
Why Italian GP success is on for McLaren even if Verstappen dominates Plus

Why Italian GP success is on for McLaren even if Verstappen dominates

For the second time in 2021, McLaren will line up for the start of a grand prix from the first row. It knows it has the chance of “glory” if things go well for Daniel Ricciardo and Lando Norris at the start of the 2021 Italian Grand Prix, but even if they just maintain their grid positions, signs from the rest of the Monza weekend suggest success is very possible for Formula 1’s other orange army

Formula 1
Sep 12, 2021
The F1 media favourite who lifted a broken Lotus Plus

The F1 media favourite who lifted a broken Lotus

Graham Hill was nearly 30 when he made his Formula 1 debut. NIGEL ROEBUCK examines the life of a gifted racer whose talismanic personality defined an era

Formula 1
Sep 11, 2021