Franz Tost feels the pending $30 million salary cap for the drivers is too high, it should be $10m and they should be grateful to be in F1. Formula 1 team bosses have reportedly voted yes to a salary cap, the next step in the sport’s bid to cut costs.
Skoda and dealer fined over Rs. 6 lakh for faulty car Skoda India and its dealer JMD Auto have been ordered by the Thane District Commission to pay a Dahanu resident Rs. 6,10,078 along with 9% interest and Rs. 10,000 towards the cost of the complaint. Dhanesh Mothe had approached
This hypercar looks as attractive as any other in its price bracket, shows how much the Chinese car scene has progressed. Back at the 2019 Frankfurt Motor Show, Chinese automaker Hongqi, one of the country’s manufacturers with premium segment ambitions, known for the L9 retro-inspired presidential sedan, stunned crowds with
Daniel Ricciardo will have his salary slashed in half when he moves from Renault to McLaren at the end of the 2020 season. Earlier this month the Aussie surprised many when McLaren announced that he was taking Carlos Sainz’s soon-to-be-vacant seat. The Spaniard is moving to Ferrari to replace Sebastian
A court in Germany has dealt a dieselgate blow to Volkswagen, ruling that the automaker must pay compensation to owners of vehicles affected by the diesel emissions scandal nearly five years after news of the emissions defeat devices broke. Around 60,000 lawsuits were pending with German courts, Automotive News Europe
Daniel Ricciardo has agreed to slash his Renault wages to help the Enstone team survive the financial crisis. The Formula 1 teams are on the ropes with the 2020 season yet to get underway and the start being pushed back on an almost weekly basis. To date nine grands prix
Williams has joined McLaren in officially announcing pay cuts for senior staff and its drivers, whilst placing some other members of staff on furlough. With no Formula 1 racing for the foreseeable future, teams are understandably feeling the pinch when it comes to finances. Whilst teams are saving money in
Fiat Chrysler Automobiles is deferring 20% of salaried workers’ pay, following GM’s lead last week. FCA’s only lasts through June, for now; GM’s goes until March 2021 at the latest. FCA CEO Mike Manley’s salary is being cut in half. It’s not just the small- and bigwigs getting a cut.
According to a media report, the government is planning to set a limit of 60 days for the payment of fines for traffic violations. Failing to do so will result in a suspension of activities related to the licenses of the drivers and registrations of the offending vehicles. It is
Splashguard kits range from around $20 to up to $40, but there is also labor to include. A company is accused of delivering a defective product. It does not admit that but starts to provide – at no cost – something that will prevent the issue from appearing as fast