Ferrari F1 team driver Fernando Alonso and his sponsors are one step away to become team owner of the Euskaltel Euskadi Team for an amount of 6 million Euros. This means that... read more »

Fernando Alonso has purchased the Euskaltel Euskadi cycling team's WorldTour licence for 6m euros... read more »

Lotus has been fined 5000 euros (4296 pounds) for releasing Romain Grosjean from the pits in an unsafe manner during the final qualifying phase at Spa-Francorchamps. read more »

McLaren driver Jenson Button was struck with a fine of €1000 (£845) for speeding in the pit lane during Friday's opening practice session for the... read more »

Red Bull has been given a fine of 5,000 euros (£4,262) for releasing Mark Webber's car in an unsafe manner during this afternoon's Chinese Grand Prix... read more »

The Red Bull team has been fined 5000 euros for the unsafe release of Mark Webber during the Chinese Grand Prix read more »

Mercedes has offered Paddy Lowe a million euros per year to switch from McLaren, the major German newspaper Bild claims. None other than Mercedes team boss Ross Brawn on... read more »

Mercedes has offered Paddy Lowe a million euros per year to switch from McLaren, the major German newspaper Bild claims. None other than Mercedes team boss Ross Brawn on... read more »

Mitch Evans will race in GP2 this season after signing for Arden International. The New Zealand racer won the GP3 title in 2012, driving for MW Arden. Evans also receives... read more »

Kamui Kobayashi has already raised over 600,000 euros towards a race seat for the 2013 Formula 1 campaign through his , with the Japanese driver fighting to secure a place on... read more »

Mercedes has been slapped with a fine of 10,000 euros (£8,000) for an unsafe pit lane release in Korea on Saturday, involving Lewis Hamilton in the pit lane. read more »

Greece has elected to unblock a subsidy of 28.9 million euros (£23m) for the construction of an international standard racing circuit, the Ministry of Development has... read more »

Greece has unblocked nearly 30million euros for the construction of a circuit capable of hosting a Formula 1 grand prix. read more »

Sunday at Spa was a bruising time for Caterham. After Heikki Kovalainen ran as high as tenth following the first-corner melee, the Finn endured two spins and then was released... read more »

Caterham has been fined 10,000 euros for the unsafe release of Heikki Kovalainen during the Finn's pit stop, while no further action is to be taken regarding incidents... read more »

To compound a disappointing day at Spa, Sebastian Vettel has been fined 10,000 euros (just under £8,000) for performing a practice start in the pit lane. read more »

Caterham's Vitaly Petrov has been ordered to pay a fine of 1000 euros (782.8 pounds) after speeding in the pit lane at the Hungaroring on Saturday afternoon. The... read more »

Ferrari’s F1 auction, set up to help those affected by the recent earthquakes in Italy, has raised an impressive 1.8 million euros (£1.5m). The natural... read more »

This year’s Faces for Charity competition, run by Red Bull Racing and giving Formula 1 fans a chance to see their own face on the cars of Sebastian Vettel and Mark... read more »

Kimi Räikkönen has received a fine of 2,500 euros (£2,000) for an illegal pit lane entry during Saturday morning’s final practice session... read more »

Narain Karthikeyan has played down reports he could lose his seat at HRT because of a lack of sponsorship. An Indian newspaper this week said the 35-year-old is a million euros... read more »

Narain Karthikeyan has played down reports he could lose his seat at HRT because of a lack of sponsorship. An Indian newspaper this week said the 35-year-old is a million euros... read more »

Narain Karthikeyan is not guaranteed his HRT seat for the whole of the 2012 season. Following what the reporter referred to as a 'chat' with the Indian driver, the... read more »

Narain Karthikeyan is not guaranteed his HRT seat for the whole of the 2012 season. Following what the reporter referred to as a ‘chat’ with the Indian... read more »

Mercedes has been handed a fine of 5,000 euros (£4,100) following Michael Schumacher’s pit-stop blunder in Shanghai. After the race, FIA stewards deemed... read more »