A short and sweet article on the official Red Bull Racing website has confirmed that Sebastian Vettel has extended his contract with the team until the end of 2015.
Vettel is the youngest triple world champion in Formula 1 having won titles in 2010, 2011 and 2012. After victory in Canada on the weekend the 25-year-old currently enjoys a 36 point lead in the 2013 championship standings.
[Source: Red Bull | Pic: Red Bull/Getty Images]
The current contract with Melbourne to host the Formula One Grand Prix expires in 2015. A statement from Melbourne’s Lord Mayor, Robert Doyle, published on the weekend speculates it is highly unlikely the Victorian Government will bid for the rights to host the race beyond the current deal.
Writing for the Sunday Herald Sun Doyle said, “Fast forward to 2015, the year the franchise ends. Though the documented benefits for the city may include hundreds of millions of dollars of advertising value, tens of millions of dollars of local revenue, an event that will draw between 250,000 and 300,000 people over three days will come at a cost that will approach 70 million taxpayer dollars.
“It is the old argument: pay up front but get many times the value of the upfront payment in downstream economic benefits.
“For most events that formula is persuasive. But $70 million?”
Doyle concludes with an even more frank assessment, “My judgment would be: Get ready. Time’s up.”
Ultimately the decision to seek an extension to the current deal rests with the new Victorian Premier Ted Baillieu and his government. Controversy and Albert Park have gone hand in hand for most of race’s history in the Victorian capital. Would it be a prudent political move for Baillieu to announce his political leadership with a strong statement by snubbing F1?
So, if Melbourne lost the Grand Prix and it went elsewhere in Australia, would that be okay? What if the race was shipped off overseas for good? Let us know what you think.
[Source: Sunday Herald Sun]
The fifth and final installment from the Lotus surprise pack at Paris this year is this four door sports saloon, the Eterne. It’s the company’s answer to the Aston Martin Rapide. So much so they even dared to borrow the swooping detail along the window line leading into the C-pillar.
Throwing Chapman’s lightness mantra even further out the window the Eterne weighs in at 1800kg. Still, for a big cruisy GT that’s probably not too bad in this day and age. The 620PS 5.0 litre V8 form the Esprit gets another guernsey here and propels the Eterne to 100km/h in 4.0 seconds, with a top speed of 315km/h.
Contradicting himself slightly Dany Bahar says, “We truly believe that there is a market for the Eterne, there is nothing else like it out there both in terms of design, capacity and performance. The biggest difference between the Eterne and it’s class competitors is that it’s not an evolution of an existing two-door model, it’s a deliberate and considered stand-alone creation. It’s the ultimate four door sports car.â€
More pics, video and official press release are available after the break.
Continuing the Lotus revamp is this new Elise concept. The car is not due until 2015 so there’s a whole heap of spy shots, testing images and information to come. For now, though, we can tell you the car will be powered by a 320PS 2.0 litre four-cylinder engine and with a very light 1095kg to shift around the new Elise is sure to build on the current model’s razor sharp handling prowess.
Lotus say the new Elise do the 100km/h sprint in 4.3 seconds and will have a top speed of 270km/h. The interior pics supplied are just renderings at this stage, but you can see enough to know it’s the bare essentials only, albeit presented in a slightly more upmarket finish than the current Elise.
Lotus CEO, Dany Bahar, hopes the all-new model wll attract an all new generation to his brand, “The design of the Elise 2015 is perfect for the target market, it’s young, strong, confident, verging on ruthless, it mirrors the engineering and technology. It’s the next generation Elise for a new generation of Lotus drivers.â€
More pics, video and official press release are available after the break.
Victorian Premier, John Brumby and his Events team have struck a deal that will see Melbourne continue hosting a Formula One Grand Prix until 2015. Controversy over a full night time race appears to have been shelved, for now, with plans for the Melbourne race to start at 5pm for the next seven years. “It’s a five o’clock start. We’ve said that we would not support a night race, and we’ve held firm in that position,” Brumby said.
President of Formula One Management, Mr Bernie Ecclestone, said he was delighted the Grand Prix was continuing in Melbourne. “The Australian Grand Prix has always been a great show, with some of the biggest crowds in Formula One,” he said.
The crucial factor for Melbourne, or any Australian Grand Prix, has always been the early morning start for European television audiences, and it is understood negotiations for this new deal were intensive. Ecclestone commented, “I have wanted changes to the local race time so that we can increase the television audience in Europe and Asia. I’m satisfied that the decision to move to later start time for 2009 races is a win for television audiences in Europe and Asia, a win for Melbourne and a win for Formula One as a whole.”