By AutoRacing1.com, 6h ago(GMM) Forbes, the renowned American business publication, has savaged a so-called Hong Kong billionaire who claims to be involved in Formula 1. As recently as late June, we reported that “Hong Kong billionaire Calvin Lo has been linked with the FIA’s tender process” for the potential eleventh and twelfth F1 teams for 2025 or 2026. And just before Christmas, Lo…

Source: Forbes August 03, 2023 12:18 UTC