F1 News, Reports and Race Results

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.

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.

Recent Posts

Alpine double-podium in Brazil could deliver $30 million windfall

Alpine’s remarkable double podium at the São Paulo Grand Prix with Esteban Ocon and Pierre…

10 hours ago

F1i's Driver Ratings for the 2024 São Paulo GP

Alexander Albon, Williams (Did Not Start): 5.5/10 Alex Albon is definitely going through something of…

11 hours ago

Jos Verstappen rips British media after Brazilian Max fest

Jos Verstappen wasted no time after his son spectacular win at the São Paulo Grand…

13 hours ago

Leclerc left with ‘mixed feelings’ after disappointing Sao Paulo GP

Charles Leclerc's weekend in Sao Paulo was unfortunately a stark contrast to Ferrari's recent triumphs…

15 hours ago

Back when Kimi knew exactly what he was doing

Twelve years ago on this day, Kimi Raikkonen took a popular win at the 2012…

16 hours ago

Mercedes fined for starting grid tyre pressure infringement

The Mercedes team was hit with a fine by the FIA after Sunday’s Sao Paulo…

17 hours ago