As the teams claim they are cash-strapped and hard done by, Pitpass reveals that in the past 5 years, in the midst of the global economic crisis, their prize fund has increased... read more »

Renault Sport F1 has revealed the first image of its new 1.6 litre turbocharged-V6 power unit which will power its customers cars in 2014. The FIA is hoping the new regulations... read more »

Private equity firm CVC is hoping to float Formula 1 on the Singapore stock market in October, according to The Telegraph. The initial public offering (IPO) was due to occur... read more »

Mercedes' new head of motorsport Toto Wolff believes a top four finish in the Constructors' championship would mark a good year for the Anglo-German outfit in 2013.... read more »

Ex-Formula 1 driver David Coulthard has responded to those who consistently campaign against a Grand Prix taking place in Melbourne, explaining that although taxpayers in the... read more »

No more teams are set to follow HRT through F1's paddock exit, Bernie Ecclestone insists. There has been speculation the economic situation in the sport and the wider... read more »

McLaren team principal Martin Whitmarsh has hit out the amount of pay drivers in Formula One at present, and says some of them are "fundamentally not good enough" to... read more »

Melbourne is hopeful of retaining the rights to host the Australian Grand Prix past its current contract which ends in 2015. The race has come under increasing pressure from... read more »

When many teams are struggling to find sponsorship, Scuderia Ferrari has just announced it has signed 3 new partnerships. Team principal Stefano Domenicali immediately hailed... read more »

Former team owner Gian Carlo Minardi is concerned that Formula One hasn't yet fully woken up to the ongoing global economic crisis. read more »

Timo Glock says the loss of tenth place in the Constructors' Championship played a major role in him losing his seat at Marussia. Whilst the Russian owned team has made no... read more »

Timo Glock, who earlier this week lost his F1 drive with Marussia due to "tough economic conditions" has joined BMW Motorsport for its 2013 DTM campaign. read more »

Toto Wolff and Niki Lauda have taken a combined 40 per cent stake in the Mercedes AMG Formula 1 Team, it was confirmed on Monday. Wolff, who has relinquished his role at... read more »

The Marussia F1 team has confirmed that financial concerns forced the parting with veteran Timo Glock. read more »

Today it is Timo Glock who is dumped due to the "tough economic conditions", but who next? Fact is, other than the big guns nobody is safe. read more »

Marussia has confirmed that Timo Glock will not race for the team in 2013, after the pair agreed to part ways by 'mutual consent' despite the German having a... read more »

Marussia Team Principal John Booth has hinted that the current economic climate played a role in Timo Glock's departure ahead of the 2013 Formula 1 campaign, with the... read more »

The Texas and local Austin government have released funds from the Major Events Trust Fund (METF) to the organisers of the United States Grand Prix following the success of the... read more »

Greece has set aside almost EUR 30 million to subsidise the construction of a formula one circuit, the country's development ministry said. Bloomberg reports that, despite... read more »

The Melbourne government hopes to renew its contract to host the Australian Grand Prix, which is set to expire in 2015, but only under more favourable terms. The event,... read more »

Williams Grand Prix Holdings (WGF1) has announced its half-year interim results, with an increase turnover by 57% to £73 million from £46.4m in 2011.... read more »

Organisers of the United States Grand Prix, to be held at the Circuit of the Americas in Austin, are certain they followed the correct process in order to take advantage of... read more »

McLaren's title sponsorship with the world's second-largest mobile telecommunications company, Vodafone, may be at threat after the company revealed it is to review... read more »

With the current economic situation, cost cutting and budget controls within the sport is a major talking point. The FIA is even hoping to include cost controls within the 2013... read more »

Using the example of pay drivers, FIA President Jean Todt suggests that the global economic situation threatens almost half the current grid. read more »