The corona crisis threatens the future of
Formula 1. In addition to many races that will not take place this year, teams and engine suppliers are also severely affected. According to former F1 driver
Timo Glock,
Mercedes,
Renault and
Honda could well leave Formula 1.
No income
Formula 1 has been at a standstill for months, which means that the teams do not generate any income from racing. In addition, the brands sell virtually no cars due to the economic consequences of the COVID-19 pandemic.
Financial problems
It is already known that
Renault,
McLaren and also Aston Martin are in trouble.
"The coming months will be an important theme, because then the financial figures for the second and third quarter will be known to these teams", Glock said in the podcast
Starting Grid. Glock says that only then will the consequences for the manufacturers really become visible.
Glock expects a major crisis for the sport in the future. It's now important for the teams to start racing again as soon as possible, so that they can generate revenue again. The season is expected to start with two races in Austria, the first of which will be held on July 5th.