Force India slapped with a heavy fine
Formula One team Force India has been slapped with a heavy euro 1.1 million fine by the Queen’s Bench Division in the High Court of Justice in London over a fee dispute with Italian company Aerolab.india Updated: Aug 22, 2010 00:08 IST
Formula One team Force India has been slapped with a heavy euro 1.1 million fine by the Queen’s Bench Division in the High Court of Justice in London over a fee dispute with Italian company Aerolab.
According to a website GPupdate.net, Force India will have to pay damages and interest at the rate of eight per cent to Aerolab, which provided services to the Silverstone-based team."Such an order is the first firm result in the dispute between the two companies over unpaid fees for services rendered by Aerolab to Force India," the website reported.
The report said, as a result of the retaliatory action already taken by Force India, it is expected that Aerolab’s Director Jean Claude Migeot will soon be charged pursuant to a criminal complaint filed in Bologna.It appears that Force India’s strategy will be to try and force Aerolab into a settlement that the company has no intention of accepting, it said further.
Kimi unlikely to return to F1
Paris: Former world champion Kimi Raikkonen is unlikely to return to Formula One, he was quoted as saying on Saturday.
The Finn, world champion with Ferrari in 2007, quit grand prix racing at the end of last season to compete in the world rally championship with Citroen.