Ferrari Unveils its New Formula 1 Car, the SF21

Ferrari unveils its new car for the F1 season. (Ferrari)
Ferrari unveils its new car for the F1 season. (Ferrari)
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Ferrari Unveils its New Formula 1 Car, the SF21

Ferrari unveils its new car for the F1 season. (Ferrari)
Ferrari unveils its new car for the F1 season. (Ferrari)

Ferrari unveiled its new car online Wednesday, becoming the last of the 10 Formula One teams to present their 2021 editions.

The car, which is named SF21 for Scuderia Ferrari, has a new power unit. A bright green sponsor’s logo on the engine cover stands out on the otherwise red car.

“The color looks a little bit more dark compared to last year and there’s this other shade of red in the back of the car,” returning driver Charles Leclerc said, adding that the green “was a last-minute change.”

Leclerc and new teammate Carlos Sainz Jr. will drive the car for the first time during a filming day at the Bahrain circuit on Thursday. Official preseason testing starts on Friday in Bahrain, where the season opens on March 28.

Sainz Jr. said he and Leclerc will drive “only 10 laps more or less, each” on Thursday, “but at least we will get our first taste.”

“Then on Friday we start to get serious and start to properly test the car and get ready for the season,” Sainz Jr. added.

Ferrari struggled last season with Leclerc finishing eighth and the departed Sebastian Vettel 13th in the drivers' standings. Ferrari was sixth in the constructors' standings.



Toyota Confirms it Will End Olympics, Paralympics Sponsorship

Akio Toyoda (Reuters)
Akio Toyoda (Reuters)
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Toyota Confirms it Will End Olympics, Paralympics Sponsorship

Akio Toyoda (Reuters)
Akio Toyoda (Reuters)

Toyota Motor Chairman Akio Toyoda confirmed on Thursday the company will not renew its 10-year contract as a top sponsor for the Olympics and Paralympics following the Paris Games.
The world's biggest automaker, which had already suggested it would not renew the contract when it expired, will continue to financially support athletes, Toyoda said in the company-owned media channel.
Earlier this month, Panasonic Holdings announced it would also end its 37-year contract as a top sponsor after it became an official partner of the Olympic Games in 1987, according to Reuters.
The International Olympics Committee saw revenues of $2.295 billion from its top sponsors for the period 2017-2021, the second-biggest source of income for the Olympic movement, with broadcasters paying $4.544 billion over the same period.