FIA president Jean Todt has finally admitted that engine costs in Formula 1 are far too high following the switch from V8 engines to hybrid turbo-V6 power units. The Frenchman... read more »

Despite recording a considerable financial loss of £34.3m, Williams are adamant this year will be better... read more »

Williams have reported a loss of £34.3m for 2014, although are expecting next year’s results to be “materially more favourable” in the wake of their on-track renaissance over... read more »

Williams Grand Prix Holdings has reported a sizeable loss of £34.3m for 2014, although the company is adamant that its financial results will improve this… read more »

Williams Grand Prix Holdings PLC has announced a loss of £34.3m for the year ended 31 December 2014. read more »

Williams Grand Prix Holdings announces losses for 2014, but insists its strong performance on track last year will lead to a financial turnaround read more »

Bernie Ecclestone says a trial relating to the £27.3m ($44m) bribe he allegedly paid to Gerhard Gribkowsky is "going to be amusing" read more »

The Texas State Comptroller has approved the payment of $29.3m towards costs for the United States Grand Prix at the Circuit of the Americas. read more »

Pitpass reveals that under the terms of the 2009 Concorde Agreement, a sum of £3m was paid to Cosworth by the F1 Group, which runs the sport. read more »

McLaren's Formula 1 team enjoyed a 44 per cent rise in its annual profits in 2011 according to its latest set of accounts.  The outfit posted profits of... read more »

Formula One has generated exposure for Melbourne worth A$816.4m (£548.3m) over the past four years, an average of A$204.1m (£137m) per Grand Prix. read more »

Ferrari hope to raise funds for the families of the victims of the recent earthquakes which have hit the country over the past few weeks by holding an auction. A rare Ferrari... read more »

They may continue to be fierce rivals on track, but McLaren has offered to help get Williams back on track after the fire that damaged its Barcelona pit garage. read more »

Bernie Ecclestone has reportedly requested that the organisers of the Canadian Grand Prix at the Circuit Gilles Villeneuve invest upwards of £9.5 million ($15m) if... read more »

Virgin Racing's parent company Manor HoldCo made a £35.3m pre-tax loss in the 14 months to 31 December 2010. Interestingly, the loss was driven by a whopping £17.6m... read more »

The Lotus car company has an option to acquire a 50% stake in the Lotus Renault GP Team which recorded a £34.3m loss in 2010. read more »

IndyCar boss Randy Bernard has issued an interesting challenge to drivers from other series; qualify for and win the 2011 season finale at Las Vegas and you'll collect a... read more »

Melbourne's Lord Mayor, Robert Doyle, has said that it is time the city turned its back on Formula One, claiming that annual losses on the event could soon reach $70m AUD... read more »