--
 
Renault's new Kadjar: Dare to live

Explore uncharted territory with the New Renault Kadjar. #DareToLive

Good debt vs bad debt: Get clued up!

A large percentage of South Africa is currently in debt and what is not always fully understood is that debt is not just debt.

First team sign for Formula E

2013-01-10 11:01

THE FUTURE OF ELECTRIC RACING: In 2014, Grayson will use a Formula E customer-racing car but as of 2015 it will field a new drivetrain based on the DRT 4X2-640 electric system in its Lola-Drayson B12/69EV car (above).

LONDON, England - Drayson Racing has become the first team to sign up for a new global Formula E series due to begin in 2014.

Drayson, run by British businessman and a former science minister, Paul Drayson, said in a statement they would enter two drivers who will race in cars supplied by promoter Formula E Holdings and developed by Formula 1 team McLaren.

The team plans to be a constructor by 2015.

10 RACE CALENDAR


Drayson said: "We aim to be one of the front-runners from the start, leveraging the knowhow we've built up over the past two years working on electric drivetrains and developing our 320km/h electric Le Mans prototype.

"We believe that FIA Formula E has very significant commercial potential, it will attract new fans and new sponsors to motorsport and is on track to become the world's leading environmentally sustainable global sporting event."

Formula E will be an FIA sanctioned championship with the commercial rights licensed to a Hong Kong-based consortium which aims to hold races in at least 10 cities.

Alejandro Agag, a former chairman of Premier League soccer team Queens Park Rangers, is the chief executive.

Rome and Rio de Janeiro have been announced as host cities with organisers hoping to add London to the list. Cape Town was invited, but apparently did not respond to the invitation. Pity.

NEXT ON WHEELS24X

Inside Wheels24

How VW's Amarok helps abused victims in SA

Volkswagen's social test drive programme sees the automaker delivering much needed supplies and equipment to disadvantaged communities in South Africa.

There are new stories on the homepage. Click here to see them.