Is Formula One Like a Start-Up?

Plus car sales slide, Alonso's helmet, and more.

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Getty Images

Welcome to The Grid, R&T's quick roundup of the auto industry and motorsports news you should know this morning.


F1 Is a Start-Up?

When Liberty t0ok over F1, the new management team learned a lot about how the sport was being run. Sean Bratches, F1's commercial chief, learned pretty quickly that the 67 year old sport was seriously lacking on the business side.

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In , Bratches said that he learned that "there was no sponsorship team, there was no media rights team, there was no digital team, there was no research team and no research." F1 essentially had nothing a modern sport needs, at least on the business side. So, from that respect, managing that side of the sport is a lot like managing a start-up, just because everything they try is new to them.

Sales Slip

Auto sales consistently grew every year until the end of 2016. But 2017 is the first loss since the recession of 2008/2009. Not that no cars were sold.

The final tally in 2017, a 1.8 percent drop compared to 2016.

Alonso's Helmet

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Alonso

Fernando Alonso will make his sports car racing debut later this month at the 24 Hours of Daytona. And, like he did for his Indy 500 run, Alonso has a special helmet paint scheme. What do you think?

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No More Fossil Fuels?

Previously, we'd reported that California assemblyman Phil Ting was planning to introduce a bill that would ban the sale of all fossil fuel powered cars in the state starting in 2040. Ting . If passed, every car sold in 2040 or after in California would need to be a zero emission vehicle.

We'll see if it passes.

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