Karun Chandhok says he doesn't believe any driver approached to take a pay cut would say no given the ongoing financial crisis. read more »

McLaren principal Andreas Seidl says the current pandemic must serve as the final wake-up call to address the unsustainable financial state of Formula 1. read more »

McLaren team principal Andreas Seidl believes the financial impact of the coronavirus pandemic must act as a wake-up call for Formula One. read more »

Daniel Ricciardo will take a pay cut this year, following in the footsteps of several other drivers, Renault’s Cyril Abiteboul has confirmed. With the coronavirus pandemic... read more »

Daniel Ricciardo has agreed to slash his Renault wages to help the Enstone team survive the financial crisis. read more »

Formula 1 chiefs should "shake down" the sport's financial model and slash the budget cap to $75 million amid the uncertainty caused by coronavirus, reckons FE... read more »

McLaren CEO Zak Brown sees the current crisis caused by the coronavirus pandemic as an excellent opportunity for Formula 1 to lower the cost cap even further in order to... read more »

The Haas F1 team also announced cost-cutting measures by placing the majority of its UK staff into furlough amid the financial difficulties caused by the ongoing coronavirus... read more »

The fully-electric single-seater championship, the Formula E series has announced the introduction of key measures in order to promote long-term financial stability amid global... read more »

With the ongoing coronavirus crisis, the key players of Formula 1, teams, the FIA and the governing body had no other choice than introducing a set of restrictions regarding... read more »

Nico Rosberg has said that Formula 1 will no longer be a sport if the financial situation means that teams drop off the grid when racing resumes. read more »

At a time there are genuine, well-founded, fears over the financial state of F1, teams continue to bicker over the budget cap limit. read more »

The Williams F1 Team and the Formula 1 Organisation have introduced measures to react to the increasing financial troubles caused by the COVID-19 outbreak. read more »

McLaren boss Zak Brown fears up to four teams could drop out of F1 and feels the sport must overhaul its financial practices to avoid "potentially devastating"... read more »

While much has been written about the financial difficulties the teams, and indeed F1 itself, may face the longer the coronavirus pandemic continues, little thought has been... read more »

Race promoters want financial help from Formula 1's bosses if they are to make their plans for an 18-race calendar in 2020 possible. read more »

Lewis Hamilton and Sebastian Vettel will both forego part of their wages to help Mercedes and Ferrari survive the ongoing financial crisis. read more »

Through the 2010s some Formula 1 teams utilised the opportunity to run non-race drivers during Friday practice at grand prix weekends. While some went on to forge successful... read more »

Formula 1 teams are faced with a huge challenge as a result of the ongoing coronavirus crisis. With their income practically falling to zero, they have to put any selifsh... read more »

Aston Martin's rebrand of the Racing Point F1 team will go ahead as planned in 2021, despite continued uncertainty and concerns over the car company's financial... read more »

Aston Martin's rebrand of the Racing Point Formula 1 team in 2021 is still on, despite warnings its parent car company could run out of money within a year read more »

Formula 1 with its "deep pockets" will survive the ongoing financial crisis but Christian Horner wonders whether all 10 teams will be on the grid to enjoy the moment. read more »

Alfa Romeo boss Frederic Vasseur says Formula 1 should remain "humble" at this time but acknowledges a new financial crisis could develop. read more »

Claire Williams admits she is concerned for her team's financial stability with Formula 1 at a standstill due to the coronavirus pandemic. read more »

In response to the financial issues caused by the COVID-19 pandemic, the FIA, Formula 1, and all 10 teams have unanimously decided to move the implementation of the... read more »