Romain Grosjean says he was informed by Haas that the decision to retain neither him nor Kevin Magnussen for the 2021 Formula 1 season was taken for financial reasons. Grosjean... read more »

Outgoing Haas driver Romain Grosjean has revealed the team's hunger for financial backing was the reason he has been axed along with team-mate Kevin Magnussen. read more »

McLaren says Formula 1's move to impose factory closures during the coronavirus lockdown period was key to its team not being held back by early year financial headaches read more »

McLaren believe the financial implications of the global health pandemic on Formula 1 will continue through to next year. read more »

Zak Brown has dismissed talk that McLaren's intention to sell its factory signals further financial difficulties for the Woking-based team. read more »

McLaren is set to put its Formula 1 and automotive factories up for sale in a bid to secure much needed funds as a result of the coronavirus pandemic. McLaren’s financial... read more »

McLaren Group are seeking a further financial boost by selling their Woking headquarters in a deal that could raise £200million. read more »

Mercedes-Benz Grand Prix Limited, the company which encompasses the Mercedes-Benz AMG Formula 1 team, has released its latest financial results for 2019, which shows it spent... read more »

Although he signed the Concorde Agreement, Toto Wolff feels' Mercedes success has not be "recognised in terms of the financial split". read more »

Claire Williams is confident the team's new owners have the financial firepower and wherewithal to take the former champions up the field, although remained coy about her... read more »

Toto Wolff believes Formula 1 is set for the "biggest transition" in its history through the upcoming changes to the technical and financial structure of the sport read more »

AlphaTauri team boss Franz Tost believes the idea of what defines a constructor is "out of date", especially given the world's financial situation. read more »

Formula 1 has produced its 2020 Q2 financial figures - and unsurprisingly, due to the global health pandemic, revenues plummeted and a big loss was incurred. read more »

Toto Wolff says he won't comment on the financial side of Lewis Hamilton's contract renewal, but says the Brit understand the "world has changed a lot". read more »

Mercedes is “the biggest victim” in Formula 1’s latest Concorde Agreement according to Toto Wolff, which would result in a major financial hit for the German manufacturer.... read more »

Ferrari has revealed it will take a financial hit "in the high tens of millions" on its Formula 1 operations this year. read more »

Haas Formula 1 team boss Guenther Steiner insists that he wasn't disappointed to lose all four Americas races from the 2020 calendar, despite their importance to team... read more »

Racing Point team principal Otmar Szafnauer believes the fact the team now has substantial financial support has enabled it to mix with the big teams in Formula 1. read more »

Officials at Hockenheim have confirmed that Formula 1 will not visit the circuit this year, citing financial concerns, and restrictions imposed due to the coronavirus.... read more »

While the pandemic has highlighted the fragility of some teams, indeed the sport itself, moving forward such measures as the budget cap give cause for optimism. read more »

There are no doubts over McLaren’s future in Formula 1, despite the financial difficulties the company has found itself in this year. The McLaren Group, which consists of the... read more »

McLaren team principal, Zak Brown, has said there was never any fear that the Formula 1 team would completely collapse due to finances. read more »

McLaren insists that there was never a risk of the team being unable to continue in Formula 1 next year, despite the financial difficulties it has faced over recent weeks read more »

McLaren team principal Andreas Seidl has revealed there was "never a doubt" the marque would not be on the Formula 1 grid despite its recent financial crisis. read more »

McLaren's immediate financial concerns have been eased following the agreement of a £150million loan with the National Bank of Bahrain [NBB]. read more »