Tag Archives: PDVSA

Pastor Maldonado has revealed his eleventh-hour ousting at Renault hit him like “a bolt from the blue”. The Venezuelan, replaced for 2016 by former McLaren driver Kevin Magnussen, confirmed that ...

Kevin Magnussen is reportedly in talks with Renault about replacing Venezuelan Pastor Maldonado in 2016. Having taken over Lotus, there has been speculation the French carmaker might be re-thinking the ...

Team owner Gerard Lopez has added his denial to reports Lotus could be set to lose its new lucrative PDVSA backing. The Enstone team secured the deal with the state ...

Pastor Maldonado has denied his sponsorship backing is ending. Early this week, the new Venezuelan sports minister Antonio Alvarez warned the country will not spend “one more dollar” on motor ...

The F1 party may soon be over for Pastor Maldonado. Until now, the 29-year-old Venezuelan’s formula one career has been powered by state millions, through the oil company PDVSA and ...

A $25 million termination payment from Pastor Maldonado’s sponsor helped Williams to drive back into profit. The publicly-listed British team released its 2013 financial results on Friday, showing a $20m ...

Even the smaller teams are guilty of worsening F1’s growing financial crisis. That is the view of the departing Lotus chief executive Patrick Louis, who admitted the Enstone team baulked ...

Lotus is keeping a seat open for Nico Hulkenberg, in the hope the German can wait a little longer for the ‘Quantum’ investment deal to be completed. In Austin at ...