Formula One news

Why Red Bull signed the Concorde Agreement

Fledgling F1 team Red Bull followed Ferrari in signing the new Concorde because the F1 format is 'still the best'. That's the insistence of Christian Horner, one of the newest team principals in pitlane.

He told f1.com that energy drink mogul Dietrich Mateschitz would not have entered F1 if he believed Bernie Ecclestone and Max Mosley's regime was not right. "Sure, there is always room for improvement," Horner added, "but with them we know what we get whereas all other plans are far from concrete."

Midland-owned Jordan has also signed the 2008-2012 commercial contract. Meanwhile, Horner revealed that Red Bull-backed American Scott Speed is a frontrunner to land the 2006 'Friday driver' seat.

more news

• 07 Jan.
  • Ecclestone reveals September deadline for Donington
  • Ferrari willing to supply 'Honda' with engines
  • Brawn says Honda won't test before season
• 06 Jan.
  • Ferrari to use electronic pitstop system in 2009
  • Kubica to start karting team
  • Webber's recovery going well
  • Ferrari to reveal new car next week
  • Stewart hits out at Ecclestone and Mosley
• 05 Jan.
  • Red Bull's RB5 to debut in February
  • Suspended sentence and fine for Verstappen
  • Berger confirms Buemi for STR
• 04 Jan.
  • Kubica expecting more accidents
• 03 Jan.
  • Encouraging news for Donington
• 02 Jan.
  • Di Resta still hopeful of F1 drive
  • "Title loss would have damaged Hamilton's reputation"
• 01 Jan.
  • Hakkinen supports medals system
• 31 Dec. '08
  • Kubica: Next year is a big challenge
  • Hakkinen: Vettel will soon be a Formula 1 champion
  • Hamilton receives MBE award
  • Heidfeld expects more accidents in 2009
• 30 Dec. '08
  • Hamilton to join Madame Tussauds
  • Ecclestone: Button should take a sabbatical
  • Manager: Alonso would love to join Ferrari one day
  • Changes at Toro Rosso
• 29 Dec. '08
  • Hamilton to miss victory parade in Woking
  • Alonso to join Ferrari in 2011?
  • Mexican billionaire denies Honda bid
• 28 Dec. '08
  • Mexican buyer for Honda?
• 27 Dec. '08
  • F1 drivers positive on Algarve circuit
• 26 Dec. '08
  • Montezemolo says KERS introduction is a mistake
• 25 Dec. '08
  • Season's greetings from GPUpdate.net
• 24 Dec. '08
  • Massa against proposed pay cut
  • Ferrari undecided over Schumacher future
  • Karthikeyan not interested in joining Force India
  • Mosley: Finding a successor won't be easy
  • Ecclestone won't split teams - Howett
  • Mosley may still try to continue
• 23 Dec. '08
  • WSR team Draco teams up with Force India
  • Howett: Ecclestone not able to split FOTA
  • Toyota committed to Formula 1

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