TORONTO , Canada – Canadian crew Racing Point has relegated its cash-starved Force India days to history and, with fresh resources, intends to show Formula 1 what it really can do.
Reuters reports that the RP19 car was unveiled at Toronto’s Canadian international auto show.
Technical director Andrew Green said at the early February 2019 launch, supported by Kenyan betting company SportPesa, that the buzz at the factory ”was incredible”, adding: “The investment in the team is unprecedented… there’s a real sense we can show what we can really do.
“It’s not a new chapter – it’s a new book.”
Force India went into administration in July 2018 year with the equivalent of only R4.4-million in the bank and about R40-million owed in wages.
Bankers Santander had already frozen the company’s accounts and another were also significant debts, including the equivalent of nearly R2.5-million owed to Mercedes for engines.
Racing Point is a consortium led by Canadian billionaire Lawrence Stroll whose son Lance drives for the team.