Formula 1's bid to control costs will only ever succeed if the sport accepts the need for a budget cap, reckons former FIA president Max Mosley read more »

The Caterham F1 Team has begun legal proceedings against a group of former employees who were recently sacked in a bid to reduce the outfit's budget and streamline its... read more »

Esteban Gutierrez fears Sauber's budget is hindering their chances of finding a solution to a problem that has left them "stuck.".. read more »

Caterham's new owners have approved funding for a new development programme which it hopes will provide a major boost to the team. The outfit hasn't added any major... read more »

McLaren have assured their fans that there are no concerns over their financial future with the team set to have its biggest budget in 2015... read more »

Long-term McLaren sponsor Hugo Boss has dealt the team a blow following confirmation that it will switch to rival Mercedes next season. The fashion brand has been linked with... read more »

FIA president Jean Todt has admitted the recent excercise in cost-cutting hasn't gone far enough and it will likely see some teams unable to survive. Whilst budget cuts... read more »

Marussia sporting director Graeme Lowdon has hailed the team's progress especially in light of their very limited budget... read more »

Lotus has admitted there is a chance Romain Grosjean could leave the team next year, with team owner Gerard Lopez revealing the Frenchman has had offers. Whilst Lopez insists... read more »

Bernie Ecclestone says that Formula One teams do not need a budget cap but should instead learn to spend less read more »

McLaren's MP4-29 could be Honda powered before the end of the season according to racing director Eric Boullier. The Frenchman says the team are considering swapping out... read more »

FIA President Jean Todt claims that there is nothing he can do about it after the Formula One's most powerful teams vetoed the move to a budget cap for next season... read more »

Sauber team principal Monisha Kaltenborn has rubbished claimed by F1's big teams that it would be difficult to police a budget cap... read more »

Sauber team principal Monisha Kaltenborn has rejected arguments that a Formula One budget cap would be impossible to police read more »

Formula 1 chiefs are hopeful that a raft of changes over the next three years will amount to significant cost savings, doing away with the need for a cost cap which isn't... read more »

Formula 1's leading figures are adamant that a three-year cost cutting plan discussed in the F1 Strategy Group is the best way to sort out the sport's budget problems read more »

Sauber team principal Monisha Kaltenborn has warned that the absence of a budget cap in Formula One will "ruin" the sport, ahead of a crunch meeting between the teams... read more »

Despite the scrapping of a budget cap, Head of Mercedes-Benz Motorsport, Toto Wolff, believes that there is still hope for the sport's smaller teams. read more »

The FIA has called an urgent meeting to discuss ways to reduce costs in Formula 1 following a World Motor Sport Council meeting on Friday. The governing body will meet with... read more »

A budget cap for Formula One teams, planned to be introduced by 2015 is now off the table, according to FIA president Jean Todt. He says the FIA will now look at further... read more »

Red Bull could leave Formula 1 if it finds itself at the centre of controversial decisions, such as the one to disqualify Daniel Ricciardo from the Australian Grand Prix. That... read more »

Williams sees no reason why it will not be able to match the development rate of its bigger Formula 1 money rivals if its pre-season promise is realised. read more »

Bernie Ecclestone has proposed offering a £1m reward to anyone who has evidence that a team is breaching the budget cap which will be set at around £120m from 2015. read more »

The Williams F1 Team is set to undergo a major livery change ahead of the 2014 season after rumours that Martini has signed a title sponsor deal with the Grove outfit appear to... read more »

Bernie Ecclestone is planning to offer a reward of €1 million to anyone who comes forward with evidence of teams of breaking the budget cap, which is set to be enforced in 2015 read more »