Melbourne has secured the Australian Formula One Grand Prix until 2020 after striking a new deal that will reduce the taxpayer subsidy of around $50 million a year, the head of the Victoria state government said on Sunday.
Disqualified in Australia and dumped with a 10-place grid penalty after Malaysia, even the eternally optimistic Daniel Ricciardo was struggling to stay positive after a testing start to his Red Bull career.
Lewis Hamilton lent some credibility to the hype surrounding Mercedes by posting the fastest time in Friday practice at the Australian Grand Prix, as the Formula One season kicked off with teams still battling reliability problems.
Red Bull`s abysmal winter testing has left them badly lagging behind their Formula One rivals and they will need at least two months to get their cars performing at optimal level, according to double world champion Mika Hakkinen.
Red Bull will put a "very different" car on the track for the season-opening Australian Grand Prix from the model which disappointed during the last test in Bahrain, reigning champion Sebastian Vettel said on Thursday.
Daniel Ricciardo has reportedly vowed not to be in a subordinate position to reigning world champion Sebastian Vettel in the upcoming Grand Prix opener at the Albert Park Formula One track in Melbourne and has said that Vettel is not `invincible`.