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Force India to get £50m investment boost

Vijay Mallya confirms board approval for a £50 million capital investment programme for Sahara Force India F1

The Sahara Force India F1 team will benefit from a £50 million investment programme ahead of F1 2013.

Confirmation comes ahead of this weekend's 2012 season finale in Brazil, with boss Vijay Mallya promising the money will be spent on 'new technology' as the squad looks to make further progress and continue clawing its way up the pecking order.

“We had a board meeting in India after the Abu Dhabi Grand Prix and the board has approved a £50 million capital investment programme for the team,” he confirmed. “We are going to invest heavily in new technology and give more tools to our design team to try and move further up the grid.”

This season Nico Hulkenberg and Paul di Resta have combined to score 99 points in total, the squad's biggest year haul to date and while that looks like it won't be enough to retain sixth place in the Constructors', with Sauber 25 points ahead going to Interlagos, Mallya remains happy.

“Looking back at the season so far, we have every reason to feel proud,” he added. “We've scored more points than in any previous season and every year we've demonstrated that we've gone up the ladder. And we've taken fairly significant steps, not just baby steps.

“Given the tools that we have, which are mostly of the Jordan era, we have done exceptionally well.”

So what about this weekend?

“We hope that Nico will be able to pull off what he did for Williams in 2010 [namely pole position]. That's what is needed if we want to catch Sauber!” Mallya admitted.

“Otherwise I hope we can end the season with a strong result. Two cars in the points would be nice.”




Related Pictures

Click on relevant pic to enlarge
27.10.2012- Free Practice 3, Vijay Mallya (IND), Chairman and Managine Director Force India
29.07.2012- Race, Vijay Mallya (IND), Chairman and Managine Director Force India
21.07.2012 - Qualifying, Vijay Mallya (IND) Sahara Force India F1 Team Owner
27.10.2012- Free Practice 3, Vijay Mallya (IND), Chairman and Managine Director Force India
17.11.2012 - Free Practice 3,  Vijay Mallya (IND) Sahara Force India F1 Team Owner

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chrian - Unregistered

November 21, 2012 10:21 PM

Businesses are businesses, and individuals are individuals. They are not one and the same. Sometimes businesses lose money and fail. Hard reality. Mallya has his issues in some of his businesses, but he has also had a lot of success and employed a lot of people. FI is one company Mallya is involved in that due to a lot of hard work from a lot of hard working people, managed to get very difficult to obtain investment. That a business man does not have a 100% success rate is no crime.



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