DAMS’ Ayumu Iwasa showed excellent pace on Friday to originally qualify in third position on his first visit to Monaco, before being penalised for speeding in a yellow flag zone.

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With over 30 years of racing history, DAMS is now heading into a new era, as Co-Team Principals Olivier and Grégory Driot have come to an agreement with close family friend Charles Pic, which will see the former Formula 1 driver take over at the helm of the French outfit.

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Did you have other potential buyers?

No because it wasn’t for sale. We were contacted by Charles and very quickly found his approach and vision in line with our values and racing spirit. Charles has achieved a lot in motorsport, he’s a great asset and his plans will bring the team forward and help maintain DAMS’ successful legacy. There are historical connections between the Pic family and ours, through our father, Charles’ grandfather, and ex-DAMS drivers such as Eric Bernard, Olivier Panis and Arthur Pic.

The agreement does not include the Nissan e.dams programme in Formula E, and is exclusively for DAMS in Formula 2.

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