The company that runs the squad, Mercedes-Benz Grand Prix Ltd., declared a turnover for 2023 of £546.5 million, which covers the year that ended December 31.This figure... read more »

The FIA has granted all F1 teams an extra allowance with which to improve the infrastructure of their factories.The top teams can spend an extra $6m, the middle-ranking outfits... read more »

Mick Schumacher racked up a whopping $2million (£1.6m) repair bill thanks to his spate of crashes throughout the 2022 F1 season, according to Haas team principal Guenther Steiner.  read more »

Red Bull Racing has paid over $6m in entry fees to the FIA as a consequence of its Formula 1 title success in 2022. Per Formula 1's regulations each team must pay a base... read more »

These are the most expensive F1 cars ever sold at auction, and the incredible prices they have cost, ahead of Michael Schumacher's 1998 Ferrari F300 being auctioned (it is... read more »

Michael Schumacher's Ferrari F1 car from 1998 is set to be auctioned and is expected to fetch between $6m-$8m (£5-£6.7m). read more »

Max Verstappen and Sergio Perez are to play a leading role in the development of Red Bull's £6m hypercar that is set to hit the track in 2024. read more »

Two classic Nigel Mansell Formula 1 cars went for a very tidy sum at auction in Monaco. read more »

A story about F1 demanding an additional $6m from the Canadian government for an event that would be closed to race fans might actually be an indicator of a far bigger issue. read more »

F1 could be set to lose another race from its packed 2021 schedule with the Canadian Grand Prix in doubt, unless their government stumps up $6m to pay to Formula 1. read more »

F1 has recorded a $104m (£78.6m) loss for the third quarter of the year as the effects of the pandemic continue to hit. read more »

Max Verstappen may not get the opportunity to drive a Ferrari on a Formula 1 track, but he can at least do it on the road. read more »

Formula 1 teams and bosses are to meet next week to discuss a proposal to reduce the sport's budget cap to $130m (£104.6m) by 2022. read more »

Seen as the way forward for the sport under its new ownership, F1's digital and social media division posts a £1.6m ($2m) loss. read more »

World Champions Mercedes paid over $4.6m in entry fees for the 2018 Formula 1 season, a reduction of over half a million on the previous campaign, GPUpdate.net… read more »

Heineken's sponsorship deal boosted F1 revenues by £12.6m in 2016 but it could have more. read more »

The annual list of what each driver is earning has been released by Business Book GP, and whilst Fernando Alonso might not be doing so well on the track, his bank account... read more »

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 »

Lewis Hamilton and Mercedes are set to sign a new deal which will see the current championship leader staying with the Anglo-German outfit until 2018. It's believed the... read more »

It's been revealed that energy boss Stephen Fitzpatrick is leading the revival of the Manor Marussia F1 Team, according to the BBC. The 37-year-old, who started Ovo Energy... read more »

McLaren have confirmed that they are continuing to offer the Manor Grand Prix team "affordable support" as it bids to return to the grid in time for the first race.... read more »

The Manor GP team (formerly Marussia) is set to exit administration later this month following successful talks with a new investor. The outfit entered administration last year... read more »

There is a price to pay for success - and more so for domination - as Mercedes have found out thanks to a £3.2 million ($4.9m) bill just to be allowed to race this year. Thanks... read more »

The collapse of Marussia isn't just a loss for Formula 1 and the team's various employees, but it will also have an impact on Ferrari and McLaren which are among 200... read more »

JMI, the company responsible brokering for the Williams Martini deal, is on track to give a £6m boost to the profits of its owner, Chime Communications. read more »