INTRODUCTION A new Formula One racing car was unveiled in London ion Thursday (10 March).?
SV New Formula One racing car in London, U.K. (MUTE)
CU Newsmen (NATURAL)
SV New racing team sponsor Lord Hesketh of Britain seated on side of car with driver Rupert Keegan sitting in car facing reporter. (NATURAL)
SV Hesketh listening to reporter's question and replying (ENGLISH)
SV Group seated around car (NATURAL)
TRANSCRIPT: (SEQ. 4): REPORTER: "It's a very expensive business motor racing. How much are you spending on this new car and where's the money coming from?"
HESKETH: "Well, we've spent on developing the first two chassis they've come out at about 40,000 pounds each. The money has come form our sponsors last year and who are now sponsoring us again this year, which is Penthouse and Rizla, plus British Air Ferries. And we've got more money than we had last year and we've got enough money to build a competitive car and put a competitive driver back into one of our cars and hope that they'll be back fighting in a respectable position in the races this season".
REPORTER: "This car is going to be more successful that last season's......
HESKETH: "Well, I sincerely hope it's going to be more successful than last season's. Last season we had to stagger a bit, because we didn't have very much money and we kept our hand in, bit we weren't competitive. I don't think there's any point in pretending we were. It's a brand new car, it's a new design team and I've got every faith in it and I think Rupert has as well."
Initials VS 16.50
SPORT: MOTOR RACING
Script is copyright Reuters Limited. All rights reserved
Background: INTRODUCTION A new Formula One racing car was unveiled in London ion Thursday (10 March). British Peer Lord Hesketh,s team designed the H.77. Lord Hesketh, who gave British world champion James Hunt a start in motor racing, was forced out of the sport by rising costs but has agreed to let his design team develop the new car, which was financed by magazine and cigarette firm. The car will be competing in every one of the European Grand Prix races as well as the Canadian, American and Japanese Grand Prix.
SYNOPSIS: The new car will be driven by the son of British millionaire businessman, 21-year-old Rupert Keegan. Last year Keegan won nine races.
On Thursday (10 March) he met reporters together with Lord Hesketh who introduced the new car.