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Racing Team Docked $100M in Spying Flap

Posted Sep 13, 07 6:42 PM CDT in World,  Business,  Technology,  Sports    Editor's Choice

(Newser) – Formula One auto-racing team McLaren Mercedes was fined a record $100 million today for using information from rival Ferrari to improve its own cars, the New York Times reported. Though McLaren's drivers—who are at the top of the F1 standings—will keep their points and remain in competition, the team was booted from the constructors championship this year.

McLaren will have to prove its cars aren't benefiting from Ferrari technology before it's allowed to compete in 2008. The Italian carmaker said it "is satisfied that the truth has now emerged;" a McLaren executive said the company will appeal the decision. Ferrari initiated a criminal investigation in Italy, which is still under way.

Source New York Times

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McLaren F1 team chief Ron Dennis is surrounded by journalists as he leaves the Automobile International Federation (FIA) headquarters, in Paris, Thursday, Sept. 13, 2007. Dennis faced the World Motor...   (Associated Press)
Technicians of the Ferrari team adjust the nose spoiler of Kimi Raikkonen's car prior to the Belgium Formula One Grand Prix at the Spa-Francorchamps circuit in Belgium, Thursday Sept. 13, 2007. There...   (Associated Press)
Technicians of the McLaren team, left, pass a Ferrari team technician at the paddock prior to the Belgium Formula One Grand Prix at the Spa-Francorchamps circuit in Belgium, Thursday Sept. 13, 2007. The...   (Associated Press)
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