🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Motor racing-Formula One's support series revise schedules to cut costs

Published 07/11/2020, 05:46 am
Updated 07/11/2020, 05:48 am
RACE
-

LONDON, Nov 6 (Reuters) - Formula Two and Formula Three, support series for Formula One, will no longer feature on the same weekends next season as part of a cost-cutting move after a year battered by the COVID-19 pandemic, organisers said on Friday.

The two series will expand to three races per weekend, rather than two at present, but with a presence at fewer events.

Formula Two will feature at eight of the grand prix weekends, instead of a current 12, and Formula Three seven. Formula One has yet to publish a 2021 calendar but could stretch to a record 23 rounds.

Formula Two said no new car would be introduced for the next three-year cycle from 2021 and the costs of freight and engine leasing will be significantly lower.

Mick Schumacher, son of Ferrari (NYSE:RACE) great and seven-times Formula One champion Michael, is leading this year's F2 championship and is expected to move up to F1 with the U.S.-owned Haas team.

Australian Oscar Piastri has already won the F3 title.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.