They are part of one of Asia's largest conglomerates, the
TATA Group, which also has major interests in Energy,
Telecommunications, Financial Services, Chemicals,
Engineering and Materials.
Meanwhile this
morning, TCS Vice-President, N Chandrasekharan, while
avoiding giving details of the specific financial
arrangements, said that it would be a "multi-year,
multi-million dollar" deal.
He drew the analogy that a
modern Formula One car
"has more in common with a jet fighter than with a normal
car and so requires extensive research in areas such as
aerodynamics, engine technology, braking."
"When the season
begins in March 2005 and the famous red car wins Formula 1
races, we will know that we have contributed to the
success," Chandrasekharan concluded.
Ferrari's F1
design boss Rory Byrne recently announced that the Scuderia
would continue to use a version of this year's title-winning
F2004 chassis for the opening races of the 2005 season.
The new car,
could arrive on the scene as late as the fifth round for the
championship in San Marino, so the revised F2004 will have
to run in a heavily modified guise, as sweeping new rule
changes that are being introduced next year include all-new
engines and lower-downforce aerodynamics among a host of
changes designed to slow speeds down.
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