A view of the Red Bull Racing garage last weekend at the Singapore grand Prix. Diego Azubel / EPA / September 20, 2015
A view of the Red Bull Racing garage last weekend at the Singapore grand Prix. Diego Azubel / EPA / September 20, 2015

‘Sit up and take notice’: F1 without Red Bull increasingly a realistic future



SUZUKA, JAPAN // Christian Horner has confirmed that Red Bull owner Dietrich Mateschitz's threat to withdraw his two teams from Formula One is real and he is working hard to prevent that scenario happening.

On a day when it was Red Bull Racing who topped the practice times at a wet Suzuka in the shape of Daniil Kvyat, ahead of the Japanese Grand Prix on Sunday, the focus off the track was on their future along with that of sister team Toro Rosso.

Red Bull, who came into the sport in 2005, dominated F1 from 2010 to 2013, winning the drivers’ and constructors titles for four consecutive years, with Horner operating as team principal and reporting to Mateschitz.

But the Austrian team have struggled to be competitive in the past 18 months since new 1.6-litre turbo engines were brought into the sport, with Renault, who supply their power units, failing to match both Mercedes and Ferrari.

Mateschitz warned earlier this month he would withdraw his teams, including the Toro Rosso team he set up in 2006, if they did not have competitive engines for 2016 with a split from Renault all but confirmed.

But with Mercedes having rejected the chance to supply Red Bull, that leaves only Ferrari as the remaining F1 engine supplier, and led to Mateschitz’s quit threat if he was not happy with his teams’ options for continuing.

Horner said on Friday he was working to persuade Mateschitz to keep the team going, but acknowledged there was a danger of the team closing if they were not satisfied with the engine available to them.

“Dietrich does not speak very often, and when he does you have to sit up and take notice,” Horner said.

“He’s somewhat disillusioned with F1 at the moment; he’s been very consistent in that statement. It’s my job to try and find a solution.

“We have a commitment to F1, to our workforce, a talented team and I’m doing my best to make sure we find a competitive engine to power the team next year but, of course, if that’s not the case there is a risk.”

It is not just Horner who is concerned. Franz Tost, the team principal of Toro Rosso, said the uncertainty was affecting their 2016 preparations.

Tost said plans were in progress for the design of their 2016 chassis, but they could not proceed properly as they did not know which engine they would be using.

“It is difficult now,” the Austrian said. “Every day we don’t get a decision will have a negative impact to the performance of the car.

“We are at the final stage, especially now for the monocoque and we need to know which engine we will race next year as our designers have to design and place the battery, the electric boxes and all the important stuff the power unit needs.”

Toro Rosso are seventh in this season’s constructors’ championship and Tost said that getting the small details spot-on is essential to the team, who can boast Sebastian Vettel and Daniel Ricciardo among their past drivers, being strong.

“Every small millimetre is decisive for a competitive car and I am really worried about the situation,” he said.

Tost had been optimistic that his cars would thrive in wet conditions in Japan, and he was proven correct as Carlos Sainz Jr set the fastest time in first practice on a day when no dry running at all was possible.

gcaygill@thenational.ae

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1st Test: Brisbane, Nov 23-27 
2nd Test: Adelaide, Dec 2-6
3rd Test: Perth, Dec 14-18
4th Test: Melbourne, Dec 26-30
5th Test: Sydney, Jan 4-8

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Founded: 2020

Number of employees: 5

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Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

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