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The Formula 1 business is expanding at an unprecedented rate: thanks to the cost ceiling, top teams are already able to generate tens of millions of dollars in profit, and the interest of the public, advertisers and sponsors is only growing.
Formula 1 teams spend hundreds of millions of dollars every year on the development, production and operation of cars with a net cost of over tens of millions of dollars. With corresponding earnings in the hundreds of millions, Grand Prix racing is now the most successful and prestigious business, and teams are valued at amounts ranging from hundreds of millions to billions of dollars for the most titled and successful ones.
The fastest production car in the world today is the Bugatti Veyron Super Sport racing car. It reaches a speed of 434 km/h. The engine of this car has 1200 horsepower. The price is also pleasantly surprising - only 2.4 million euros.
On April 9, Jacques Villeneuve turned 53, a Canadian Formula 1 pilot who raced for Williams, Renault and Sauber, and also launched the BAR team, partly with his own money.
