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Penske to return to F1?
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Photo: Jim Williams
Photo: Jim Williams
Racecar News

Penske to return to F1?

 VR Staff

The Formula One rumor mill has been abuzz with the story that Roger Penske might make another attempt at Formula One in 2008.

According to numerous sources, Penske would be interested in fielding another American Formula One entry in 2008, if the FIA makes good on its intentions to put a maximum $80 million cap on Formula One team budgets.

The rumor of Penske’s possible return to Formula One was further strengthened by a French L’Equipe newspaper interview with FIA president Max Mosley who said, “At the moment, F1 is too expensive. A big private team, very well-known in America, recently told Bernie: ‘We want to join F1, but only if we can do it with a budget of 80 million dollars’—because that is the level at which that team can make a profit. Frank (Williams) is now thinking along the same lines. Ferrari too.”

Should Penske Racing field a team in the 2008 FIA championship, it would be the first time an American team was fielded in Formula One since Penske ran his first F1 program from 1974–1977. During that time, Penske racing entered 40 Grands Prix with John Watson’s victory in the 1976 Austrian Grand Prix being the team’s only win.

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Steve Natale has been playing with cars ever since he was old enough to first hold a matchbox car in his hand. A lifelong enthusiast of anything old with an engine in it or wheels on it, Steve has been active in the hobby for over 35 years. Currently he owns a successful marketing company with his wife Mary, is an automotive photographer, blogger and writer for several automotive magazines and regular contributor to various automotive websites. Steve has attended vintage car events and visited car museums and collections around the world.
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