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    Home > Top Stories > Motor racing-Aston Martin’s Krack still smiling after bumpy start
    Top Stories

    Motor racing-Aston Martin’s Krack still smiling after bumpy start

    Published by Jessica Weisman-Pitts

    Posted on June 1, 2022

    3 min read

    Last updated: February 6, 2026

    Image of Mike Krack, the Aston Martin team principal, smiling during a Formula One event. This reflects his optimistic outlook despite a challenging start to the season, as covered in the article.
    Aston Martin team boss Mike Krack smiling at a Formula One event - Global Banking & Finance Review
    Tags:Appointmentinnovationmanagementfinancial communitycorporate governance

    By Alan Baldwin

    LONDON (Reuters) – New Aston Martin team boss Mike Krack has had a bumpy start to the season, like those Formula One drivers struggling to tame their bouncing cars in a time of change, but he is still smiling.

    The 50-year-old Luxemburger replaced Otmar Szafnauer, now principal of Renault-owned Alpine, at the Silverstone-based team last January in something of a surprise appointment.

    “I was not expecting it to be easy,” he told Reuters in Monaco at the weekend. “It’s a rough environment, you must not be naive.

    “But I’m fine, I’m still laughing so it’s OK.”

    Four times world champion Sebastian Vettel was ruled out of the first two races in Bahrain and Saudi Arabia due to COVID-19, with fellow-German Nico Hulkenberg standing in, and he then crashed on Saturday and Sunday in Australia.

    After three races, Aston Martin were the only team yet to score a point.

    Then in Spain they were caught in controversy, rolling out a new-look car that closely resembled Red Bull’s race-winning one although the governing FIA gave it the all-clear.

    Red Bull, who have lost some top technical staff to Aston Martin, vowed to search for data leaks but Krack declared the matter closed.

    “I do not expect anything more, to be honest. I think we will concentrate on ourselves,” he said. “I think their investigations will not lead to anything and I think they will have the championship battle to concentrate on.”

    “We are not really concerned because we haven’t done anything wrong.”

    Eddie Jordan, founder of the original Silverstone-based team that has morphed through many identities into Aston Martin, was greeted at his first team bosses meeting with ‘Welcome to the Piranha Club’.

    The sport has put on a show of unity in recent years, teams seemingly pulling together for the common good, but Krack detected a whiff of that original spirit.

    “That’s one of the reflections that I was also having,” he said when asked whether rivals maybe saw Aston Martin, whose owner Lawrence Stroll is father of driver Lance and a billionaire with deep pockets, as a threat.

    “If they speak about you, you are alive and you are there and it means that there is a reason behind the accusations or attacks. I take it as a compliment.”

    Aston Martin are only ninth after seven races but Krack had no doubt the revised car would change that.

    “We have not even had a third of the season. We can still be world champions mathematically,” he joked. “We don’t give up. The season is far from being a write-off.

    “We have good people, we have made a first step with the concept change and it shows how well the team can analyse and react; it’s not too proud to change direction,” he added. “I would be surprised if we finished the season where we are now.”

    (Reporting by Alan Baldwin, editing by Toby Davis)

    Frequently Asked Questions about Motor racing-Aston Martin’s Krack still smiling after bumpy start

    1What is a team principal?

    A team principal is the person responsible for managing a sports team, particularly in motorsports, overseeing all operations, including strategy, performance, and team dynamics.

    2What is a Formula One team?

    A Formula One team is a professional motorsport team that competes in the FIA Formula One World Championship, responsible for designing, building, and racing high-performance cars.

    3What is a point in Formula One?

    In Formula One, points are awarded to drivers and teams based on their finishing positions in races, contributing to the championship standings throughout the season.

    4What is a car concept change?

    A car concept change refers to a significant redesign or modification of a vehicle's structure or performance characteristics, often aimed at improving competitiveness in racing.

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