Formula One parent company buys GP2 Series
Posted Friday, Jun 06, 2008 by glassbolle
What's GP2, you ask? It's a second-tier "feeder" racing series started in 2005 to give up-and-coming drivers a place to display their skills on a worldwide scale and a place for F1 teams to find new talent. The series was intended to replace the ageing Formula 3000 series, and has so far proven fairly successful. Nico Rosberg won the title in the series' inaugural season, and he's racing in F1. Lewis Hamilton won the championship last year and went head-first into title contention the next season in F1. Timo Glock won the crown this year, and will be heading to Toyota F1 next season. (Heikki Kovalainen and Nelson Piquet Jr. also made the jump to F1 through GP2.) Sounds like the idea has met its potential so far.
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Tags: Earnings/Financials, Motorsports
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