Racing Point banking on the future with new factory and tools


Racing Point F1's investors are determined to provide their team with the infrastructure their ambitions require, says team boss Otmar Szafnauer.

On the back of Force India's demise last summer, the new entity led by Lawrence Stroll will ramp up its investment and resources, starting with a new factory at Silverstone expected to be completed by 2021.

"There is a huge amount going on behind the scenes and I would say it has been the busiest winter I can remember," said team boss Otmar Szafnauer as Racing Point launched its new identity in Toronto on Wednesday.

"Not only are we delivering the new car, but we are also planning for the future and trying to improve our facilities and tools following years of underinvestment.

"We are expanding the current factory to accommodate a growing workforce and simultaneously planning the build of a new facility, which will also be located in Silverstone.

"These are not easy tasks and they require lots of energy and resources to deliver. But we are well aware that the focus of our key people needs to remain on the performance of the car and that’s very much the case."

Szafnauer underlined the determination and commitment of the team's shareholders, who are visibly putting their money where their mouth is.

"The new shareholders are investing in all areas of the company to establish Racing Point as a premium brand with strong commercial appeal," said added the American manager.

"We have already signed an exciting new partnership with SportPesa, which sits alongside the BWT relationship as our top level partners.

"We’ve also welcomed new names such as JCB, Bombardier and Hackett into the Racing Point family – brands which share our vision for building a first-class racing team.

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