Go Back   Team-BHP > Buckle Up > Motor-Sports > Int'l Motorsport


Reply
 
LinkBack Thread Tools Search this Thread
Old 1st April 2005, 19:12   #1
Senior - BHPian
 
Hatari's Avatar
 
Join Date: Feb 2004
Location: Calcutta
Posts: 1,215
Thanked: 175 Times
Default The Cost of Formula 1 (source F1 Racing)

Hatari is offline   Reply With Quote

Old 1st April 2005, 21:50   #2
Senior - BHPian
 
Gordon's Avatar
 
Join Date: Feb 2004
Location: Mumbai
Posts: 2,379
Thanked: 69 Times
Default

Minardi actually pay their drivers more than how much Jordan do!
and look at Ferrari driver figures. They pay a driver more than how much they pay the whole team crew. 51 million compared to 48.3 million.
Gordon is offline   Reply With Quote
Old 1st April 2005, 22:01   #3
BHPian
 
gamerno1's Avatar
 
Join Date: Feb 2005
Location: Andheri (w), Mumbai
Posts: 408
Thanked: 0 Times
Default

great stuff hatari. i.e.
Narain Karthikeyan = $0.5million?
gamerno1 is offline   Reply With Quote
Old 1st April 2005, 22:50   #4
Senior - BHPian
 
Deeps's Avatar
 
Join Date: May 2004
Location: Delhi/Noida
Posts: 1,050
Thanked: 34 Times
Default

very interesting info. What surprises me most is the relatively low cost of R&D. Hard to believe!
Deeps is offline   Reply With Quote
Old 2nd April 2005, 00:09   #5
BHPian
 
z klasse's Avatar
 
Join Date: Jun 2004
Location: Mumbai
Posts: 344
Thanked: Once
Default

Imagine if this were in India. What would the Govt do?
z klasse is offline   Reply With Quote
Old 2nd April 2005, 00:43   #6
Team-BHP Support
 
Rehaan's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 19,184
Thanked: 9,961 Times
Default

Quote:
Originally Posted by Deeps
very interesting info. What surprises me most is the relatively low cost of R&D. Hard to believe!
I think thats because there isnt a lot of "testing" involved in that R&D budget. (Since windtunnel testing & racetrack testing are listed seperately).

Whats interesting in my opinion is the fact that the "engine budget" is 3 times higher than the next highest budget! Incredibly high....no doubting where most of the technology goes!

cya
R

ps - Total cost = 1% of India's GDP. (correct me if i am wrong...?)

Last edited by Rehaan : 2nd April 2005 at 01:01.
Rehaan is offline   Reply With Quote
Old 2nd April 2005, 02:31   #7
BHPian
 
comfortablywacky's Avatar
 
Join Date: Sep 2004
Location: Melbourne
Posts: 540
Thanked: Once
Default

Hey guys just wondering how come car maunfacturing costs are so low ... is it per race or something??? can anybody throw some light on this ??
comfortablywacky is offline   Reply With Quote
Old 2nd April 2005, 08:54   #8
BHPian
 
Join Date: Nov 2004
Location: HYDERABAD INDIA
Posts: 345
Thanked: 2 Times
Default

Quote:
Originally Posted by comfortablywacky
Hey guys just wondering how come car maunfacturing costs are so low ... is it per race or something??? can anybody throw some light on this ??
Building a F1 car is very cheap affair ... It does not take much amount as compared to other expenses .... The teams build around 5 cars for one season .... they have lots of extra spares built like rear wings , front wings , engine covers and nose cones ...... Gear box and engines are NOT counted into that expense .... they are separate from car building account ...... The Racing, testing , Travelling and R&D , Corporate Hospitality and team personnel salaries take the F1 expenses to that kind of high figures

Last edited by haryan : 2nd April 2005 at 08:58.
haryan is offline   Reply With Quote
Old 2nd April 2005, 21:30   #9
Senior - BHPian
 
Hatari's Avatar
 
Join Date: Feb 2004
Location: Calcutta
Posts: 1,215
Thanked: 175 Times
Default

Quote:
Originally Posted by gamerno1
great stuff hatari. i.e.
Narain Karthikeyan = $0.5million?
i was wondering about the figure beside jordan & minardi driver salaries... because they dont pay their drivers.. the sponsors they brought in do

Quote:
Originally Posted by comfortablywacky
Hey guys just wondering how come car maunfacturing costs are so low ... is it per race or something??? can anybody throw some light on this ??
An FIA certified monocoque, fuel systems, hydraulics, suspension, chasis, etc. in total cost about $250,000 - $300,000 max.
this figure is exclusive of the engine, R&D costs

No of cars manufactured by the teams ( for the entire year ) :
Toyota - 11
Ferrari - 8
BAR - 6 + 2 (from prev. yr)
McLaren - 7
Williams - 7
Sauber - 6
Red Bull - 6
Renault - 5
Minardi - 4
Jordan - 3

Last edited by Hatari : 2nd April 2005 at 21:36.
Hatari is offline   Reply With Quote
Old 2nd April 2005, 23:26   #10
Senior - BHPian
 
Deeps's Avatar
 
Join Date: May 2004
Location: Delhi/Noida
Posts: 1,050
Thanked: 34 Times
Default

Quote:
Originally Posted by Rehaan
ps - Total cost = 1% of India's GDP. (correct me if i am wrong...?)
You are wrong. From the top of my head Indian GDp is afew hundred billion $ so the total cost is much less than 1%.
Deeps is offline   Reply With Quote
Old 3rd April 2005, 01:02   #11
Team-BHP Support
 
Rehaan's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 19,184
Thanked: 9,961 Times
Default

Quote:
Originally Posted by Deeps
You are wrong. From the top of my head Indian GDp is afew hundred billion $ so the total cost is much less than 1%.
Umm...yeh.

Well the total F1 expenditure is 2.5billion(=1%) so x100 = 250billion = "couple of hundred billion" as you said!

Im still not saying i am correct, but just asking you to show some figures to prove me incorrect (since i am too lazy).

cya
R
Rehaan is offline   Reply With Quote
Old 3rd April 2005, 03:00   #12
Senior - BHPian
 
ported_head's Avatar
 
Join Date: Mar 2004
Location: Mumbai, India
Posts: 2,394
Thanked: 3 Times
Default

Considering Renault's overall budget compared to the other tier-one teams, they are giving them quite the run for the money.
ported_head is offline   Reply With Quote
Old 8th April 2005, 00:10   #13
Senior - BHPian
 
Deeps's Avatar
 
Join Date: May 2004
Location: Delhi/Noida
Posts: 1,050
Thanked: 34 Times
Default

Quote:
Originally Posted by Rehaan
Umm...yeh.

Well the total F1 expenditure is 2.5billion(=1%) so x100 = 250billion = "couple of hundred billion" as you said!

Im still not saying i am correct, but just asking you to show some figures to prove me incorrect (since i am too lazy).

cya
R

Well, i too was lazy to look up the actual figures earlier but couldn't resist your challenge

In jan. 2005 "THE Financial Times (FT) has estimated India's total gross domestic product (GDP) in 2004 at nearly $650 billion. This was revealed in `India Awakes', a special FT report on India released at the World Economic Forum meeting at Davos in Switzerland on Friday."
The link: http://www.thehindubusinessline.com/...2400690400.htm

So (2.5B/650B)*100 = 0.4%

PS: i wan't trying to proove you wrong/stupid or anything.
Deeps is offline   Reply With Quote
Old 8th April 2005, 05:50   #14
BHPian
 
Vulken Auto's Avatar
 
Join Date: Jan 2005
Location: Hyderabad
Posts: 393
Thanked: Once
Talking

wind tunnel testing costs 1800 gbp / hr!!
Vulken Auto is offline   Reply With Quote
Old 9th April 2005, 11:05   #15
Team-BHP Support
 
Rehaan's Avatar
 
Join Date: Feb 2004
Location: Bombay
Posts: 19,184
Thanked: 9,961 Times
Default

Quote:
Originally Posted by Deeps
In jan. 2005 "THE Financial Times (FT) has estimated India's total gross domestic product (GDP) in 2004 at nearly $650 billion
Thanks or the info Deeps,

Good to know a random figure like this, as insignificant it may be to any practical aplication! lol

cya
R
Rehaan is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Report: Orion Racing India at Formula Student Germany 2008 jalsa777 Indian Motorsport 12 22nd August 2009 20:26
Formula racing alloy wheels? funda2max Tyre & Alloy wheel Section 39 9th July 2009 22:48
The Scandal That Rocked the Formula One Racing World srijit Shifting gears 5 21st May 2008 15:06
Formula One Racing For Dummies milindbajekal Int'l Motorsport 2 23rd February 2005 15:29
Formula One Boat Racing Mumbai Gordon Indian Motorsport 10 9th March 2004 13:24


All times are GMT +5.5. The time now is 03:00.

Copyright 2000 - 2014, Team-BHP.com
Proudly powered by E2E Networks