Frank Williams News
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Daimler AG’s Formula One team Mercedes Grand Prix Ltd., which didn’t win a race with seven- time champion Michael Schumacher in the past three years, plans to hire Toto Wolff as executive director from Williams.
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The European Commission should examine terms Formula One has promised top-ranked teams Ferrari and Red Bull to see if the payments are anti-competitive, the former Williams team chairman Adam Parr said.
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Frank Williams has struggled to keep his Formula One team going since 1969. As success eludes it and sponsors abandon the sport, he may have found an elixir: selling racing-car technology.
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Williams Grand Prix Holdings Plc said profit from its Formula One business rose 28 percent to 5.8 million pounds ($9.5 million) last year on cost cuts. Sales fell 16 percent to 91 million pounds.
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The Williams Formula One team’s founder is considering selling shares to the public to shore up its long-term future.
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The Williams Formula One team is hiring the car designer fired by championship rival McLaren in 2008 for spying as the team tries to get out of last place.
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News Corp. and the Agnelli family’s Exor SpA face “Olympic-sized” negotiations should they go ahead with an attempt to buy Formula One auto racing, team owner Frank Williams said.
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Mercury City, the tower Russian retail billionaire Igor Kesaev is building in Moscow’s new financial district, overtook the Shard in London as Europe’s tallest skyscraper.
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Williams Grand Prix Holding Plc retreated in Frankfurt after its 60 million-euro ($83 million) initial public offering, the first time a Formula One motor sport team has sold shares to the public.
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Williams Formula One team said one employee remains in the hospital after suffering burns yesterday in a garage fire following the Spanish Grand Prix.
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