Briton Will Stevens will make his Formula One debut when he races alongside Japanese driver Kamui Kobayashi for Caterham at this weekend`s Abu Dhabi season-ending grand prix, the team said on Thursday.
Formula One would rather cater for rich over-70s than chase a younger generation that cannot afford luxury watches and is more interested in social media, according to commercial supremo Bernie Ecclestone.
The Caterham Formula One team are planning to race in next week`s Abu Dhabi season-ender even if they fail to raise a targeted 2.35 million pounds ($3.68 million) by Friday`s deadline, an administrator said.
The deepening of the Formula 1 financial crisis has prompted Force India boss Vijay Mallya to say that the sport's owners must fix the revenue sharing model among teams for the survival of smaller outfits like his.
Formula One supremo Bernie Ecclestone dismissed the threat of a U.S. Grand Prix boycott on Saturday after cash-strapped smaller teams suggested they could take drastic action to push their demands for more money.
Formula One`s commercial supremo said he wanted to tear up all team contracts and rewrite the rules as talk of race boycotts and financial failure swept the U.S. Grand Bernie Ecclestone Prix paddock on Saturday.