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 »

When the budget cap comes into effect in 2015, any whistleblower with evidence of teams breaking it will be rewarded with a million euros... read more »

Red Bull owner Dietrich Mateschitz believes Formula One would have a hard time implementing a budget cap... read more »

Red Bull owner Dietrich Mateschitz is unhappy with the 2015 budget cap proposal after expensive new regulations were introduced this year     read more »

Red Bull owner Dietrich Mateschitz has expressed concern over the implications of Formula 1's planned budget cap read more »

Red Bull boss Christian Horner says he is highly doubtful that the FIA's proposed budget cap, due to be introduced in 2015, will work. read more »

Red Bull's team principal Christian Horner questions whether introducing an F1 budget cap is the best way to cut costs. read more »

Eric Boullier is set to take over as team principal of McLaren according to reports, following the announcement that the Frenchman has resigned from Lotus with immediate... read more »

Formula 1 teams have unanimously agreed that cost reduction and cost control plans will be presented to the World Motor Sport Council (WMSC) in June, before a budget cap is... read more »

Several minor regulation changes have been announced following a Formula 1 Strategy Group meeting in Geneva on Thursday. The group, made up from representatives of Ferrari, Red... read more »

McLaren won't announce their title sponsor when they launch the MP4-29, but fans shouldn't be concerned as they will have their biggest ever budget... read more »

McLaren is unlikely to reveal a replacement for Vodafone when it unveils its 2014 F1 contender on Friday.     read more »

Caterham won't carry on after 2014 if they don't manage to close the gap to the midfield according to owner Tony Fernandes. The outfit slipped back to 11th last year... read more »

McLaren have confirmed that they will not announce a new title sponsor when their 2014 car is launched on Friday, although they have stressed a "larger operational... read more »

McLaren will not announce a new title sponsor when it launches its new car on January 24th, according to managing director Jonathan Neale. The outfit had been expected to... read more »

McLaren's MD reveals no new title sponsor will be announced on Friday, but says the Woking team will have "a larger operational budget available to it in 2014 than in... read more »

Lotus have announced a new sponsor for the 2014 season in the form of Danish investment firm, Saxo Bank. The company's logo will feature on the yet to be launched E22 as... read more »

Lotus F1 chairman Gerard Lopez promises team will be on the grid in 2014 despite ending talks with Quantum Motorsports.     read more »