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Showing posts with the label naza

Show me the money

Re-published from Malaysian Insider by Justin Ong Sept 27 — Motorsports costs money . All sports, to some degree, cost money but more to the point, motorsports costs a lot of money. So much money that only the rich or very talented ever get to participate here in Malaysia. First there’s the vehicle itself, but rather than being the bulk of your investment, it is merely the gaping hole into which you would proceed to pour all your money into. Modifications can and often do cost more than the car itself. Or even several times the cost of the car. Once it’s up and running, you need more money to keep it going. Maintenance can be frightening, as things which last years on a normal car regularly run only two or three events, not to mention racing parts are often a magnitude more expensive than standard items. Beyond parts, you’ll also need a crew to keep the vehicle running. That’s money, too. For the average guy thinking of trying to self-finance his own motorsport career, let me tel...

1MALAYSIA F1 TEAM MORE INFO

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It seems we were wrong about the government wasting our money on an F1 team in next years' championship. Or are we? A news report, and this was published in Singapore not in Malaysia (I can't seem to find anything reported in the Malaysian press except by Paul Tan), says that the Malaysian government will not be funding the team. The arrangement is as follows: The Malaysian Government has no equity directly or indirectly in the team, and the team will be funded by a group of companies including Litespeed ( which submitted an application to join Formula 1 next year under the name Team Lotus ), Naza, and the Tune Group, run by Tony Fernandes, current team principal. Petronas, a very familiar name in Formula 1 (BMW Sauber’s sponsor), is expected to join the team via its Universiti Teknologi PETRONAS (a Petronas university in Malaysia), which will collaborate with the team together with UTM (University Teknologi Malaysia – a state owned university) to help develop future Malaysian...