user icon

2014 F1 engine supplier 'Pure' hits roadblock

  • Published on 30 Jul 2012 10:49
  • comments 0
  • By: Rob Veenstra
Craig Pollock's 'Pure' company has paused its operations, the German website motorsport-total and journalists Dieter Rencken and Stefan Ziegler have revealed. Pollock, formerly the founder of Brackley based BAR and Jacques Villeneuve's manager, announced last year he intended to supply 'Propulsion Universelle et Recuperation d'Energie' (Pure)-branded engines to formula one customers for the 2014 V6 regulations.

The company set up camp at Toyota's Cologne headquarters earlier this year. But the project, which also involves former Ferrari and FIA engine boss Gilles Simon, has hit a financial roadblock, the German-language report said. A key investor pulled out a month ago, and now Pure will have to move out of Cologne, where it utilised office space, a workshop and engine test stands. Simon informed Pure's partners and suppliers of the unfortunate development by email, explaining a financing problem.

Motorsport-total.com said Pollock confirmed the news. "The situation is very simple," he is quoted as saying. "The investor is from the United States." He went on to explain that Pure needs financing to come from Europe in order to satisfy Swiss tax rules. "Until now we've been manufacturing parts and assembling engines in Cologne, but as of today, all of this has stopped," said Pollock. He said he is expecting new European-based finance to be in place by "the end of the month". (GMM)

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2021

Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Team profile

Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
20 - May 23
Monaco
4 - Jun 6
Azerbaijan
18 - Jun 20
France
25 - Jun 27
Austria
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
1 - Oct 3
Singapore
8 - Oct 10
Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar