DOF_power 0 Report post Posted August 13, 2008 Firm points at F1 'freeze' for losses Changes in engine regulations to blame Engineering company Mecachrome has pointed to the so-called engine 'freeze' in Formula One as having contributed to its current financial struggle. The firm, involved in F1 and GP2 and also the aviation industry, this week announced that its losses for the recent quarter deepened to $17.5m. Montreal-based Mecachrome blamed delays in some aerospace programmes "as well as the F1 freeze in engine development and its technical regulatory changes." The company said boss Gerard Casella is to begin work on a "restructuring plan. " Mecachrome, involved directly in F1 in the late 90s also in the Supertec and Playlife guises, is still involved in the engine assembly process for Renault's works team. The company also produces engines and gearboxes for the GP2 feeder series. Share this post Link to post Share on other sites
Max Mosley 2 Report post Posted August 13, 2008 Good stuff! Let the strong survive and the weak die, that's what I say. Share this post Link to post Share on other sites
Eric 2 0 Report post Posted August 13, 2008 Good stuff! Let the strong survive and the weak die, that's what I say. Try saying that to all the underpaid Super Aguri employees who got laid off when the team folded and have no way to pay their bills or feed their families Share this post Link to post Share on other sites
Max Mosley 2 Report post Posted August 13, 2008 Wait, you mean F1 might lose its charitable status if we're not careful? It's in serious danger of becoming one of those cut throat competitions that DOF is so fond of. Share this post Link to post Share on other sites
Kopite Girl 0 Report post Posted August 13, 2008 Try saying that to all the underpaid Super Aguri employees who got laid off when the team folded and have no way to pay their bills or feed their families Their fault for trying to start a team around Sato. Share this post Link to post Share on other sites
Eric 2 0 Report post Posted August 13, 2008 This just shows how bad Max is at his job. He wastes his time making rules to "cut costs" and make it "fair," and in the end, they turn out to be useless. Why not spend time on rules that make a difference, like, say, fixing the cars? Share this post Link to post Share on other sites