🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Motor racing: Racing Point F1 team to hold 2019 launch in Toronto

Published 12/17/2018, 05:18 PM
Updated 12/17/2018, 05:20 PM
Motor racing: Racing Point F1 team to hold 2019 launch in Toronto
RACE
-

LONDON (Reuters) - Racing Point, the Canadian-owned Formula One team that emerged from now-disappeared Force India, will hold their 2019 pre-season launch in Toronto on Feb. 13, they announced on Monday.

The British-based team, now owned by a consortium of investors led by Canadian billionaire Lawrence Stroll, said on Twitter that the presentation would be at the Canadian International AutoShow.

Stroll's son Lance is one of the drivers for next year, along with Mexican Sergio Perez. The Mercedes-powered team finished the 2018 season in seventh place.

Force India went into administration in July before being rescued by Stroll.

The team's new name and look could also be revealed at the event, with principal Otmar Szafnauer telling Reuters this month that Racing Point was "just something we stuck on to the entry until we go for a permanent name change".

Racing Point are the second team to set a launch date, with 2018 championship runners-up Ferrari (NYSE:RACE) announcing they would present their new car on Feb. 15.

Pre-season testing starts three days later at Barcelona's Circuit de Catalunya.

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.