CHANGES IN 2002:

Driver / Team Changes:

• Toyota enters Formula 1
• 2 times world champion Mika Hakkinen takes 1 year break from racing
• Kimi Raikkonen moves from Sauber to McLaren
• Mika Salo who has been test driving Toyota will become its first F1 driver
• Heinz Harald Frentzen joins Arrows
• Prost team declared bankrupt
• Fernando Alonso moves from Minardi to Renault as its test driver (replacing M Webber)
• Luciano Burti joins Ferrari as its second test driver
• Frentzen joins Arrows

New Drivers:

• Takuma Sato joins Jordan; Sato won the British Formula 3 championship
• Alan McNish to drive for Toyota F1
• Mark Webber makes F1 debut with Minardi
• Felipe Massa makes F1 debut with Sauber
• Antonio Pizzonia(BRA) is the official Williams test driver
• Ryo Fukuda (JPN) joins BAR as its second test driver; Fukuda won 2001 French Formula 3 championship
• Andre Lotterer joins Jaguar as its official test driver; James Courtney is No2 test driver

Management/Ownership:

• Benneton team now owned by Renault will be renamed as Renault
• Craig Pollack leaves BAR and replaced by David Richards as the new Team Principal

CHANGES IN 2003

Estimated Budget:
McLaren Mercedes
$650 million
Ferrari
$300 million
Minardi
$100 million

Teams on Michelin:
Williams,
Renault,
Jaguar,
Prost

Estimated Sponsorship Budget for Ferrari::
$66M Marlboro
$40M Vodafone
$26M Shell
$5M Magntti Marelli
$2M Bridgestone
$1.5M Brembo