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Arrows finally set off for Belgium [29 Aug 2002|12:59am]
[ mood | surprised ]

Arrows announced today (Wednesday) that the team is travelling to the Belgian Grand Prix, to be held at Spa-Francorchamps on September 1st, after an agreement regarding the sale of the outfit to an American investor was signed.

EB - Arrows"Arrows Grand Prix International announced today that the team has been sent to Spa," a brief statement revealed.

"Heads of Agreement have been signed regarding the purchase of the team by an American investor. We hope for the deal to be completed by Friday."

The identity of the American investor has not been revealed, although Jacques Villeneuve's manager and former BAR boss Craig Pollock has been rumoured to have held discussions about the future of Arrows. He is speculated to have American backers.

Arrows did not travel to Hungary a fortnight ago on the advice of lawyers while talks continued, and currently only have one driver, Enrique Bernoldi, following Heinz-Harald Frentzen's resignation after the German GP.

F3000 driver Sebastien Bourdais has been touted by paddock gossips as a possible replacement for the German driver.

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Both Toyota driver's dumped for next season! [29 Aug 2002|01:06am]
[ mood | very surprised ]

Toyota announced today (Wednesday) that Mika Salo has agreed to end his collaboration with the team early at the end of the season. They also revealed that Allan McNish's contract would not be renewed.
Current BAR racer Olivier Panis has signed a two-year-contract beginning next year, but the second driver for the team is yet to be named.

MS & AM - Toyota"We would like to thank Mika and Allan for their hard-work during the last two years, which has been integral in building the team up to its current level," commented team president, Ove Andersson, in a press release.

"This decision was not an easy one for the team and for Toyota Motor Corporation and in no way reflects on their clear racing ability.

"Both Mika and Allan will complete the remaining four Grands Prix of this season with the same professionalism and dedication they have demonstrated so far."

It had been speculated for some months that neither Salo nor McNish would race for the outfit in 2003. Panis became a front-running contender for the drive when BAR announced that Jenson Button would race for them next year.

However there was some confusion after BAR team principal David Richards said they were exploring avenues of keeping the Frenchman with them next season.

Toyota's press release defines Panis's future. The Japanese team has also stated that they will release the name of Panis' partner "at a later date", although CART driver Cristiano da Matta is being touted as a strong possibility by the rumour-mill.

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Sauber wants VW deal for the future [29 Aug 2002|01:38am]
[ mood | tired ]

Peter Sauber has revealed that he wants to secure a deal with German manufacturing giant Volkswagen when the company enters Formula 1. Sauber revealed today that he is trying hard to get major backing from a manufacturer and says VW will be strong.

VW have previously denied rumours that they are to enter the sport, but rumours have continuously linked them with takeover bids and engine plans.

No official confirmation of any deals have been made.

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