user icon

Racing Point hoping to open new factory 'in the break of 2021'

  • Published on 03 Sep 2019 10:31
  • comments 1
  • By: Fergal Walsh

Racing Point has plans to move into its new factory in the break of the 2021 season as it continues to expand its position in Formula 1.

The Silverstone-based outfit confirmed earlier this year that it was planning to build and operate from a brand new factory in the coming years.

With added investment coming from the new owners that took over the team during the summer of 2018, team principal Otmar Szafnauer says there are big differences to the team compared to where it was 12 months ago.

“There are many things that are different,” Szafnauer said. “The one significant thing is that we don’t suffer with the financial instability that we used to have, at all.

"That means we can plan our developments on the car. We can plan when we bring upgrades and they actually happen."

“We’ve added about 40 employees. We were at 405 a year ago, now we’re at 445. And if there are good people on the market, we’re interested.

"We’re adding, we’re growing and we want to be more competitive. So, those are our plans going forward – but it takes time. It doesn't happen overnight.”

Szafnauer added that Racing Point is hoping to secure planning permission for its new factory next month, before building gets underway early next year.

“Apart from that, we have plans going into the future. There’s a new factory coming; we should get planning permission for that in October and have ground-breaking in the first quarter of next year.

"The plan is to actually move into the new factory in the break of 2021. So, although that won’t come to fruition for another 18 months or so, those plans are happening today.”

Replies (1)

Login to reply

Related news

US Grand Prix of the US

Local time 

View more photos

US Grand Prix of the US

Local time 

View more photos

Test calendar

Circuit de Catalunya - Testing

See full test schedule

Give your opinion!

Is Lewis Hamilton the strongest driver so far in the 21st century?

World Championship standings 2019

Show full world champion standings

Team profile

Show full profile

Formula 1 Calendar - 2019

Date
Grand Prix
Circuit
-
Spain
-
Spain
15 - Mar 17
Australia
29 - Mar 31
Bahrain
-
Bahrain
12 - Apr 14
China
26 - Apr 28
Azerbaijan
10 - May 12
Spain
-
Spain
23 - May 26
Monaco
7 - Jun 9
Canada
21 - Jun 23
France
28 - Jun 30
Austria
12 - Jul 14
United Kingdom
26 - Jul 28
Germany
2 - Aug 4
Hungary
30 - Sep 1
Belgium
6 - Sep 8
Italy
20 - Sep 22
Singapore
27 - Sep 29
Russian
11 - Oct 13
Japan
25 - Oct 27
Mexico
1 - Nov 3
United States of America
15 - Nov 17
Brazil
29 - Dec 1
United Arab Emirates
See full schedule

Formula 1 Calendar - 2019

Date
Grand Prix & Circuit
15 - Mar 17
Australia Albert Park
29 - Mar 31
12 - Apr 14
26 - Apr 28
Azerbaijan Baku City Circuit
10 - May 12
23 - May 26
Monaco Monte Carlo
7 - Jun 9
21 - Jun 23
France Paul Ricard
28 - Jun 30
Austria Red Bull Ring
12 - Jul 14
United Kingdom Silverstone
26 - Jul 28
Germany Hockenheimring
2 - Aug 4
Hungary Hungaroring
30 - Sep 1
6 - Sep 8
Italy Monza
20 - Sep 22
27 - Sep 29
Russian Sochi Autodrom
11 - Oct 13
25 - Oct 27
1 - Nov 3
United States of America Circuit of the Americas
15 - Nov 17
Brazil Interlagos
29 - Dec 1
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar