Cosworth, engine supplier to the new teams and Williams, say they are happy with the current financial levels of Virgin, Hispania and Lotus – after Bernie Ecclestone cast doubts on whether or not they would all see out the current season.
Ecclestone is rumoured to be working with Hispania to ensure they see the 2011 season, although Hispania have denied this.
Mark Gallagher, head of Cosworth’s F1 program, reckons the engine builder is in a better position to discuss the new teams finances, as they too are new to modern F1, having returned after a three-year break.
“From a Cosworth perspective, all three new teams work hard and are good commercial – as well as technical – partners,” Mark Gallagher said.
“I think we are in a better position than most to comment on their conditions and what we see is nothing but positive.
“There has been something of a tendency to find fault or criticism with the new teams wherever possible and I think this criticism is quite unjust.
“If you talk to the new teams directly, witness the determination of their respective managements and, indeed, look at their cumulative success to date in fielding three teams in the midst of some of the most difficult economic circumstances imaginable, you would get a different and rather more balanced view,” he ended.
