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Ron Dennis vacates McLaren F1's CEO position after 35 years

McLaren's Ron Dennis, one of the biggest names in F1 history, is stepping down from his CEO position after 35 years. Dennis was told on Tuesday he must give up his position as McLaren's chairman and chief executive, reports the BBC. Dennis, who holds a 25-percent stake in McLaren, attempted to contest the shareholders' decision to put him on so-called "gardening leave" redundancy. Reports say McLaren's other owners, TAG Group CEO Mansour Ojjeh and the Bahrain-based investment fund Mumtalakat, ousted him due to being at odds with Dennis' management style. Ojjeh holds another 25-percent stake in McLaren, and Mumtalakat holds the remaining 50 percent. According to Dennis, the rest of the management team warned Ojjeh about the possible consequences of removing him from McLaren. As Dennis says, "My management style is the same as it has always been and is one that has enabled McLaren to become an automotive and technology group that has won 20 Formula 1 World Championships and grown into an GBP850m-a-year business." Due to differences in vision regarding McLaren's future, there was no other option for Dennis than to leave the company. Dennis will still retain his 25-percent stake in the company and remain on the boards of both McLaren Technology Group and McLaren Automotive. Dennis states he plans to launch a new technology investment fund as soon as his contractual commitments expire; he also pledges to "use his McLaren board seat to protect the interest of the business and its 3,500 employees." McLaren has failed to win a F1 title after Lewis Hamilton's drivers' championship eight years ago and the latest constructors' title was won in 1998, 18 years ago.Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: BBC SportImage Credit: Mark Thompson via Getty Images Hirings/Firings/Layoffs Motorsports McLaren

Fernando Alonso gets quickly up to speed at the Brickyard

INDIANAPOLIS - Fernando Alonso was quickly up to speed at the famed Brickyard on Wednesday, blazing through his IndyCar rookie orientation to close in on earning a spot on the Indianapolis 500 starting grid. Alonso, who has competed in 276 Formula One races and is a double world champion, is an IndyCar debutant and arrived at in Indianapolis needing to pass a rookie test which he did with flying colours by recording a top speed of 222.548 mph (358.156 kph). It was an impressive debut by the 35-year-old Spaniard considering that Canada's James Hinchcliffe claimed pole position for last year's race with a four-lap average speed of 230.760 mph. "It felt new to me, it felt a little bit strange driving anti-clockwise at those speeds," Alonso told reporters. "What I felt in the car was more-or-less what I expected. What is different now is my excitement of the race itself." Alonso set the motor racing world buzzing when he announced last month that he had been granted clearance by his McLaren F1 team to skip the Monaco Grand Prix and race in the Indy 500 on May 28 in pursuit of the sport's famed Triple Crown - a Formula One title and Indy 500 and Le Mans wins. McLaren will enter the 101st edition of the Indy with a Honda-engined Indy car run by Andretti Autosport, owned by former McLaren driver Michael Andretti, in the old papaya orange livery of the 1970s. Alonso looked right at home at the Brickyard as he slipped into the number 29 car and was quickly turning laps of more than 200 mph around the 2.5 mile oval. The rookie orientation program was the first on-track step for Alonso towards securing a place in the 33 car field. All first-year competitors in the Indianapolis 500 must complete a gradual introduction to the speeds and unique nature of the sprawling track. During the private test Alonso ran 110 laps but it will be a much different situation on May 28 when he will have to contend with a 33-car field. "Today was just running alone learning the circuit and all the things that are involved with this technique," said Alonso, who had a run-in with two birds near the end of his session. "I am not driving the car, the car is driving myself around at the moment." The Spaniard, who is having a difficult F1 season with uncompetitive McLaren, has set his sights on joining Briton Graham Hill as the only drivers to achieve the Triple Crown.

Red Bull F1 denied access to Honda engines

There are four engine manufacturers in Formula 1: Ferrari, Honda, Mercedes-Benz, and Renault. Infiniti Red Bull Racing ended its marriage to Renault, got to the altar with Mercedes and then Mercedes backed out, couldn't even agree on a pre-nup with Ferrari, and Honda flat-out said, "No." At the moment that has left the four-time World Champions without an engine for next year, owner Dieter Mateschitz threatening to take his two teams and four cars out of the sport, and F1 honcho Bernie Ecclestone threatening to sue Mateschitz if he does. The Japanese company had turned down the idea because after a first year with some poor performances and a few public sour notes, it wants to get McLaren's cars running properly before it expands its operation. Now it seems some behind-the-scenes action of late has opened up channels between Red Bull and Honda, and the two are at least talking. Honda, though, still says such a deal is highly unlikely at best, and Red Bull says it will have something to say when something is done. It appears that McLaren chief Ron Dennis, however, has vetoed the idea. Ecclestone says Honda made a deal with the FIA that would allow Honda to supply two teams in its second year, but Honda gave Dennis veto rights over who the second team would be. For the same reason that Mercedes backed out and Ferrari only wanted to sell Red Bull year-old engines, Ecclestone says Dennis might view Red Bull as a competitor and doesn't want to risk two more cars getting in front of his own. If that's the case and Red Bull is going to remain in the sport, it might need to hit the flower shop and book a trip to Renault headquarters. Soon. Related Video: