Formula 1 teams have agreed to reduce the upcoming budget cap to $145 million (119 million pounds) for 2021, according to the BBC. read more »

A cost-cutting package for the 2021 season has been agreed upon by Formula 1 teams, the package including a reduced $145 million cost cap. read more »

All ten teams have agreed to a $145m budget cap, which, subject to ratification by the WMSC, will be introduced next year. read more »

Formula 1 teams have agreed to a package of cost-cutting changes to help the sport ride out the coronavirus pandemic, BBC Sport can reveal. read more »

Silverstone has agreed a two-race deal with Formula 1 but circuit boss Stuart Pringle says it is subject to the UK government giving it the go-ahead. read more »

Formula One and Silverstone have agreed terms for two races without spectators at the circuit this season, subject to government approval, the track's managing director... read more »

Silverstone has agreed terms with Formula 1 to hold two races on consecutive weekends in July and August. read more »

Silverstone and Formula 1 have agreed a deal to host two British Grand Prix races as part of new 19-race schedule for  the 2020 season. read more »

Formula 1 and Silverstone have agreed a deal for two Grands Prix to be held at the track this season. read more »

Daniel Ricciardo has agreed a deal to move to McLaren for the 2021 F1 season.  read more »

Daniel Ricciardo is understood to have agreed a McLaren deal for 2021 and he is expected to be announced by the Woking outfit this week read more »

Long-time Formula 1 journalist, Leo Turrini, has claimed Daniel Ricciardo has already agreed a move to McLaren to replace Ferrari-bound Carlos Sainz. read more »

Sebastian Vettel will leave Ferrari at the end of the season after both sides agreed not to renew his contract for the 2021 Formula One season. read more »

Lewis Hamilton has said the prospect of taking part in a Formula One race without fans leaves him with an "empty feeling", but the six-time champion agreed it is... read more »

A greatly reduced budget cap for the 2021 season has been agreed upon according to Formula 1’s Ross Brawn. F1 bosses had initially agreed on a $175 million budget cap, but with... read more »

Formula One has agreed a $145 million budget cap for teams next year and will continue to try and tighten that for future seasons, managing director Ross Brawn said on Monday. read more »

Ross Brawn has confirmed that a $145 million budget cap for 2021 is close to being agreed by Formula 1 teams. read more »

Formula 1 boss Ross Brawn says plans for a lower budget cap in 2021 are nearly finalised, adding the main sticking point surrounds how much it's reduced in subsequent seasons read more »

A report by Racefans.net says Formula 1 teams' technical directors have agreed to reduce the level of downforce produced by cars for 2021. read more »

Good news for McLaren and others wanting a lower budget cap, Ferrari has reportedly agreed to lowering the cap to $130m but only in 2023. read more »

The ABB FIA Formula E Championship is set to continue staging a race in Rome for a further five seasons after the Rome City Council agreed to host en E-Prix in the Italian capital. read more »

Ferrari has threatened to quit Formula 1 if the sport lowers the agreed upon budget cap to less than $150 million. read more »

McLaren has agreed a monitoring process with the FIA for its switch to Mercedes Formula 1 engines next year to ensure it does not make changes for extra performance gains read more »

Daniel Ricciardo has agreed to slash his Renault wages to help the Enstone team survive the financial crisis. read more »

The all-electric Formula E series has postponed for a year the introduction of its new Gen2 Evo car as part of cost-saving measures agreed unanimously by teams, manufacturers... read more »