Don’t believe every story you read - Michiel Mol

June 5th, 2008 Natty Posted in Drivers, Force India f1, Formula1, Rounds, The Money, Vijay Mallya 3 Comments »

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After the heart breaking Monaco GP last week, there were reports that Michiel Mol, co-owner of the Silverstone-based Force India F1 team wanted to sell his 50% share. There were even reports that Mol’s asking price was substantially lower than what he had originally paid for the stock. Well, “you should not believe every story you read.” is all he had to say about this story. So, all is well for Force India as far as ownership is concerned.

As far as the team is concerned, Force India boys are keen to surprise again in Montreal. Team boss Colin Kolles reckons Montreal – with its reputation for quirky and chaotic races – could provide another great opportunity for Force India to shine.

“The team were all frustrated with the [Monaco] result, but there are 12 races and therefore 12 chances left that we now need to concentrate on,” Kolles said.

“Canada, like Monaco, could be a good race for us with all teams developing special aero and mechanical packages that will only be used in this one race.

“With safety car periods and rain also a possibility you could see some surprises too.”

He also warned Sutil not to get carried away with what he achieved in Monaco.

“Adrian’s confidence is now high, and I think he will carry this forward, but we need to focus on this weekend and not let the highs of Monaco cloud what we have to do here,” said Kolles.

Team co-owner Vijay Mallya added that Force India must get itself into a position where it doesn’t have to rely on unusual circumstances, but for the time being should ensure it gets the most from every opportunity that comes its way.

“What we need to do now is to show that we can do this kind of race in every event, not just if the exceptional circumstances allow,” Mallya said.

“I am sure that, given this kind of confidence and motivation that is now surging through the team, other great performances will follow, but in Canada we have to do what we can: stay together, keep it together and focus on getting the best result possible.”
let’s just hope that montreal proves a good outing for our Force India boys as well

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The other side of Canadian GP - Sex Trade & Human Trafficking

June 5th, 2008 Natty Posted in Formula1, Glitz, News, Rounds, The Money 6 Comments »

Well, stumbling on the web I found this article on the uglier side of the race this week, the Montreal GP in Canada. Though not normally talked about, forced sex trade and human trafficking is a big part of major international sporting events, such as the World Cup, Olympics and F1 Gp’s. Such events up the demands for young female prostitutes. The same is true for the Canadian Grand Prix as partying race fans roar into the city on their annual pilgrimage. But many of the sex workers who are used to fill the commercial void are unwilling participants, human rights activists point out.

Sharon DiFruscia, who’s part of a Montreal coalition against human trafficking, said most of the women are exploited as sex slaves.

“Not only in Montreal, but for large sporting events, it’s a well-known fact that many women are brought in to the city,” said DiFruscia, adding it’s difficult to estimate just how many.

“Some of these women are from other countries, but some of them are from our own country.”

A U.S. report on global issues released on Wednesday shows Canada looks good on paper as far as human trafficking is concerned, but Canada still has a long way to go to stamp it out.

“The bad news is we’ve not been able to turn our tough talk on human trafficking into action,” UBC law professor Benjamin Perrin told The Canadian Press.

“We know that human trafficking is continuing to flourish in Canada and that it’s one of the most serious crimes in our country and a fundamental abuse of human rights.”

Canada does comply with the “minimum standards” but the report criticizes the country for “lacking punch.”

“Over the last year, Canada increased victim protection and prevention efforts, but demonstrated limited progress on law-enforcement efforts against trafficking offenders,” the document says…

As per the report, Canada has lagged when it comes to rounding up sex tourists, who travel abroad abusing children.
sex tourism drives human trafficking around the world.

Canada, meanwhile, has convicted only one person in the last decade on sex-tourism charges, he said.

“We’ve really fallen behind globally in preventing our child-sex offenders from exploiting children in impoverished countries overseas,” said Perrin, the founder of The Future Group, a non-governmental organization dedicated to ending human trafficking.
He added,
“We’re not bashing the Grand Prix, it’s just to make sure people are aware when there are big sporting events in a city that this happens,” said DiFruscia, the co-ordinator of the social action office of the Catholic Archdiocese of Montreal.

Read the full article here at the canadianpress.

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No points even if Sutil had finished 4th at Monaco

June 4th, 2008 Natty Posted in Drivers, Force India f1, Formula1, Rounds, The Money No Comments »

FIA has now announced that even if Force India driver Adrian Sutil had finished in 4th place at Monaco GP, he would not have been classified 4th nor would he have been awarded points for it. The reason:
Earlier in the race Sutil had overtaken under yellow flags for which the FIA marshals had merely reprimanded him, however, if he had finished the race action would have been taken and he would have been penalized, losing his points. Technorati Tags: , , , , , ,
The Steward Paul Gutjahr said “We would have had to give him a 25-second penalty, because he overtook three cars under yellow flags after the Alonso/Heidfeld collision on the hairpin.”

—Source—> buzzinf1

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Jaguar & Land Rover take over finally complete

June 4th, 2008 Natty Posted in Auto, News, The Money No Comments »

As had been announced in March, Jaguar & Land Rover operations have been sold over to Tata Motors by Ford Motor Co officially on June 2nd. Ford said in March that it intended to sell Jaguar and Land Rover to Tata for $2.3 billion. (That’s far less than what Ford paid for the brands. Ford bought Jaguar for $2.5 billion in 1989 and Land Rover for $2.75 billion in 2000.) Tata Motors which had been looking for a way to broaden its global automotive presence had leaped up on the offer. Now, all the red tape pertaining to the sale has been completed and Jaguar & Land Rover brands are finally owned by Tata Motors. The automaker is controlled by Tata Group, a privately held Indian industrial conglomerate with 98 operating companies in industries such as heavy trucks, energy, chemicals, communications and engineering. It remains to be seen in the near and not so distant future what Tata does with the brands and how it turns out, for now, nothing major has been announced.

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Mercedes-Benz drives new CNG sedans into India

June 3rd, 2008 Natty Posted in Auto, News, The Money No Comments »

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One of the most iconic and luxury brands, Mercedes-Benz has decided to bring in a car in to India which runs on the cheapest Auto fuel in the world, compressed natural gas (CNG). Now, this makes the CNG-compliant benz cars more fuel efficient than India’s cheapest cars Maruti 800 which run on petrol. Get this, the new CNG variant of the Merc runs over 20 KM on a KG of CNG against it petrol brethren which guzzle at least a litre for every 12 KM’s. And the good news doesn’t end there if you consider that CNG comes at half the price - Rs 19 (US 0.5$) against Rs 45.52 (just a tad more than 1US$).

Well, Mercedes is making its intentions clear with this, as energy crisis grips the world and speculations mount about hefty fuel price hikes, CNG has taken center stage in Mercedes’s India plans at least if not for the world.

“We have some cars running on CNG in India. It’s a successful technology and has been developed over the years. We are also trying the bio-diesel option on the E Class saloon here. If these extensive trials are successful, we shall introduce these cars in India too,” said a Daimler India senior executive.

—Source—> Economic Times Article.

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More on BMW

June 1st, 2008 Natty Posted in Auto, Glitz, News, The Money 1 Comment »

  1. BMW Formula1:

    BMW Formula-1 car to use hybrid technology from next year

    BMW AG has announced that they are working on developing hybrid technology to enhance the capabilities of their Formula-1 car.

    This technology is currently planned for integration in their car to be used in the next Formula-1 season.

    The company said that as per the rules of the F-1 governing body, they are going to rely on hybrid technologies to boost the performance of their car.

    The rules allow the teams to boost the power of their cars using fuel saving technologies, including hybrid.

    Mario Theissen, director of motor sport at BMW said in his statement: “From 2009 BMW will use hybrid technology in Formula One.”

    — Source –> Business Techwhack

  2. BMW Automotives:After Fiat, BMW is planning to source its auto components in India. As part of the German luxury car makers massive expansion plans in India, it is currently aiming at high level of auto component sourcing in India. BMW also plans to source engineering services and IT technologies in future for development of its cars worldwide.

    According to Herbert Deiss, BMW Board Member, International Parts Sourcing, “India is an important market for us and we recognise its engineering talent. We already source some components for bikes and auto parts for some of our cars and bikes from India. Considering the increasing capabilities of Indian vendors to provide quality spares, we plan to source more parts and services from the country.”

    — Source –> Car Trade India

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