TWR Not Affected by Arrows's Situation

The TWR company, whose chairman is Arrows team boss Tom Walkinshaw, have issued a statement, clarifying that the current situation and any possible future outcome for Arrows will have no affect on them.

TWR Not Affected by Arrows's Situation

The TWR company, whose chairman is Arrows team boss Tom Walkinshaw, have issued a statement, clarifying that the current situation and any possible future outcome for Arrows will have no affect on them.

TWR, a company created in 1975 and that specialises in the design, engineering and manufacture of road and racing cars as well as road and racing engines, have been linked in some media reports to Arrows' financial problems, which could force the Leafield-based outfit to fill for insolvency unless they reach a deal with potential investors.

However, TWR have denied they will be affected by the team's problems, saying that they are a company run independently from the Grand Prix squad.

"Although TWR and Arrows are both headquartered at the Leafield Technical Centre in Oxfordshire, UK, and have the same Chairman, Tom Walkinshaw, they are in fact two separate companies," Richard Hayes, TWR's director of communications told Atlas F1.

"Because TWR is independent of Arrows, the F1 team's current situation, or any future developments, will have no bearing on TWR's business."

Arrows will miss this weekend's Hungarian Grand Prix while Walkinshaw continues crucial talks with possible buyers that could secure their future.

shares
comments
Davidson too fast too soon!

Previous article

Davidson too fast too soon!

Next article

Massa Blames Dirty Track for Practice Crash

Massa Blames Dirty Track for Practice Crash
Load comments
The tough balancing act facing Schumacher’s Netflix film producers Plus

The tough balancing act facing Schumacher’s Netflix film producers

Michael Schumacher is the latest sporting superstar to get the ‘Netflix treatment’, with a special documentary film airing on the US streaming giant’s platform this month. DAMIEN SMITH has the inside track on how the filmmakers gained access to tell the human story behind one of Formula 1’s most publicity-shy champions - while the man himself, for obvious reasons, is in absentia… 

The times that suggest Verstappen should be confident of F1 Russian GP recovery Plus

The times that suggest Verstappen should be confident of F1 Russian GP recovery

For the second race in a row, Mercedes has ended the first day of track action on top. It’s in a commanding position at the Russian Grand Prix once again – this time largely thanks to Max Verstappen’s upcoming engine-change grid penalty. But there’s plenty to suggest all hope is not lost for the championship leader at Sochi

Formula 1
Sep 24, 2021
The ‘backwards step’ that is the right move for Formula 1 Plus

The ‘backwards step’ that is the right move for Formula 1

OPINION: With its days apparently numbered, the MGU-H looks set to be dropped from Formula 1’s future engine rules in order to entice new manufacturers in. While it may appear a change of direction, the benefits for teams and fans could make the decision a worthwhile call

Formula 1
Sep 23, 2021
The floundering fortunes of F1’s many Lotus reboots Plus

The floundering fortunes of F1’s many Lotus reboots

Team Lotus ceased to exist in 1994 - and yet various parties have been trying to resurrect the hallowed name, in increasingly unrecognisable forms, ever since. DAMIEN SMITH brings GP Racing’s history of the legendary team to an end with a look at those who sought to keep the flame alive in Formula 1

Formula 1
Sep 22, 2021
Why the 2021 title fight is far from F1's worst, despite its toxic background Plus

Why the 2021 title fight is far from F1's worst, despite its toxic background

OPINION: Formula 1 reconvenes for the Russian Grand Prix two weeks after the latest blow in ‘Max Verstappen vs Lewis Hamilton’. While the Silverstone and Monza incidents were controversial, they thankfully lacked one element that so far separates the 2021 title fight from the worst examples of ugly championship battles

Formula 1
Sep 22, 2021
How F1’s other champion to emerge from 1991 thrived at Lotus Plus

How F1’s other champion to emerge from 1991 thrived at Lotus

Mika Hakkinen became Michael Schumacher’s biggest rival in Formula 1 in the late-90s and early 2000s, having also made his F1 debut in 1991. But as MARK GALLAGHER recalls, while Schumacher wowed the world with a car that was eminently capable, Hakkinen was fighting to make his mark with a famous team in terminal decline

Formula 1
Sep 21, 2021
The forgotten F1 comeback that began Jordan’s odyssey  Plus

The forgotten F1 comeback that began Jordan’s odyssey 

Before Michael Schumacher – or anyone else – had driven the 191 (or 911 as it was initially called), Eddie Jordan turned to a fellow Irishman to test his new Formula 1 car. JOHN WATSON, a grand prix winner for Penske and McLaren, recalls his role in the birth of a legend…

Formula 1
Sep 20, 2021
The squandered potential of a 70s F1 underdog Plus

The squandered potential of a 70s F1 underdog

A podium finisher in its first outing but then never again, the BRM P201 was a classic case of an opportunity squandered by disorganisation and complacency, says STUART CODLING

Formula 1
Sep 18, 2021