Monday, March 5, 2012

F1 can hurt brand image.(News; media scrutiny of Formula One racing offers opportunities and disadvantages for automakers )

Byline: Jesse Snyder

For automakers, the business of Formula One is an intense world of images that are seen by a huge global audience.

But unlike advertisers, team sponsors can only indirectly control what images the audience sees - a classic high-risk, high-reward proposition.

This season the stakes are even higher. The F1 calendar has more events in more places - such as the Middle East and China - broadening the television and live audiences for the eight-month, 18-race campaign.

That means automakers have even more chances to make a good, or bad, impression.

World champion Michael Schu-macher in his red Ferrari has a huge …

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