Organisers of the Australian Grand Prix hope to limit the budget of the event to $60 million. read more »

Jean Todt is optimistic F1's power unit manufacturers will put forward acceptable proposals that negate the need for a cheap engine alternative. Ferrari's decision to... read more »

Ferrari president Sergio Marchionne believes Formula 1 engine manufactures would be prepared to develop power units for rivals but Bernie Ecclestone's FOM company should... read more »

Felipe Nasr says Sauber made the most of their opportunities last season despite racing on a limited budget... read more »

Formula 1's governing body, the FIA, has confirmed that its proposal to find an alternative engine supplier for the 2017 season has been rejected following the… read more »

The FIA has confirmed that its plans for an alternative engine for 2017 have been rejected by the F1 Commission. Ferrari's decision to veto a planned €12 million... read more »

British motorsport specialist RML was in the running to become Formula 1's independent engine supplier from 2017 and remains keen to be involved should the FIA restart the... read more »

Budget engine idea 'on hold' for now confirms FIA read more »

The Formula 1 Commission has voted not to pursue the idea of an alternative budget engine at this stage, according to governing body the FIA read more »

Sauber team principal Monisha Kaltenborn believes the independent Formula 1 engine proposal is a "waste of time" because it is pointless having a discussion about... read more »

Mecachrome has become the latest engine manufacturer to join the bidding process to become Formula One's budget engine supplier in 2017. Last week Ilmor and Advanced... read more »

Former FIA president Max Mosley thinks Ferrari's decision to veto a cost cap on engine supplies demonstrates the Italian team's "small mindedness". The FIA... read more »

The proposal of an alternative 'budget' engine will be on the agenda when the Formula 1 Strategy Group meets in Paris on Tuesday, Autosport has learned read more »

Nick Chester concedes that Lotus have been hurt by a restricted budget which has curtailed the development of the E23... read more »

Ilmor and Advanced Engine Research (AER) have thrown their names into the hat to supply F1 with budget engines while Cosworth have said no. read more »

Ilmor and Advanced Engine Research (AER) have registered interest with the FIA about supplying Formula One with an alternative power unit for 2017. The sport's governing... read more »

The BBC has released plans for its latest rounds of cuts, and a hefty sports budget reduction raises questions over Formula 1's remaining free-to-air television coverage... read more »

Mercedes boss Toto Wolff has branded moves towards introducing a 'budget' engine to run alongside the current V6 hybrids "bizarre". read more »

Toto Wolff has slammed the FIA's budget engine proposal, arguing a balance of performance between the current engine and the new one would not work for Formula One. After... read more »

Toro Rosso team principal Franz Tost has backed the FIA's initiative to introduce an independent and cost-effective Formula 1 engine from 2017 read more »

The FIA has pushed ahead with its plan to introduce a budget engine into F1 from 2017 and called on independent manufacturers to come forward and register their interest. read more »

The FIA has taken the next step in its plan to introduce a budget engine for 2017 after calling on potential manufacturers to express their interest in the proposal. After... read more »

The FIA is pushing ahead with plans to introduce cheaper engines for independent teams and has begun the tender process... read more »

The FIA has begun the process to introduce an independent and cost-effective Formula 1 engine from 2017 by calling for expressions of interest read more »

Lotus technical director Nick Chester says the FIA's latest push for a budget engine could open "quite a can of worms". After Ferrari vetoed the FIA's... read more »