The FIA has handed Red Bull Racing and Aston Martin a fine after striking an agreement over their Formula 1 budget cap breach and procedural breach in 2021. read more »

Here is the FIA's report in full:An Accepted Breach Agreement ("ABA") dated 25 October 2022 has been entered into by the Cost Cap Administration and AMR GP... read more »

The governing body reports that the team "inaccurately excluded and/or adjusted costs amounting to a total of £5,607,000" in the submission it made in March last year... read more »

The FIA announced after the Japanese Grand Prix that both Aston Martin and Red Bull were found to have breached the financial regulations for 2021 after completing their... read more »

Aston Martin has been handed a $450,000 [£388,217] fine for a procedural breach of financial regulations. read more »

Here is the FIA's report in full:An Accepted Breach Agreement ("ABA") dated 26 October 2022 has been entered into by the Cost Cap Administration and Red Bull... read more »

The FIA revealed after the Japanese Grand Prix that both Red Bull and Aston Martin were in breach of F1's financial regulations for 2021, putting them at risk of... read more »

The budget cap row that has hung over Formula One for the last three races will finally come to a head on Friday, with the FIA set to announce Red Bull's punishment for... read more »

Alfa Romeo team principal Fred Vasseur has deemed it "crucial" that Red Bull is handed a sporting penalty and not just a financial sanction for its budget cap breach. read more »

Hamilton addressed the subject of encouraging female racing drivers in Austin on Thursday, suggesting that the F1 organisation could do more to save the W Series, which is... read more »

The team was named recently by the FIA alongside Red Bull Racing and Williams as having failed to fully comply with the 2021 financial regulations.However while Red Bull was... read more »

Red Bull's punishment for breaking Formula 1's financial rules is on hold following the death of the team's co-owner Dietrich Mateschitz. read more »

The FIA announced last week that Red Bull was deemed to have breached the $145 million budget cap last year, something the team has strongly denied.The findings from the... read more »

Formula 1 is currently working on forming an all-new racing category, open exclusively for female drivers to provide them with a pathway to top-level racing. The news comes... read more »

Sergio Perez has warned "the facts will come out" while backing Red Bull after the team was judged to have breached the F1 financial regulations. read more »

Fernando Alonso has remembered losing two title battles to Red Bull's Sebastian Vettel and insisted that financial disputes have "always been a part of F1". read more »

Formula One teams who spend more than allowed by the rules are effectively cheating and should face stiff sporting and financial penalties, McLaren boss Zak Brown wrote to FIA,... read more »

McLaren CEO Zak Brown is reported to have sent a letter to the FIA in which he has called for a penalty that is more severe than a fine for teams that exceeded Formula 1’s... read more »

Mercedes boss Toto Wolff says his team are prepared to overspend if Red Bull aren't punished severely for their minor breach of F1's financial regulations. read more »

The all-woman W Series cancelled its remaining three races in the United States and Mexico for financial reasons on Monday and declared Britain's Jamie Chadwick champion... read more »

Martin Brundle says F1's cost cap rules need "tightening up" after Red Bull were found guilty of breaking the 2021 financial regulations.  read more »

The FIA have announced that two teams have breached the 2021 Financial Regulations. Following a thorough investigation and amidst big rumours during the Singapore Grand Prix,... read more »

After some delay, the FIA announced on Monday afternoon that Red Bull had breached F1's financial regulations with a "minor overspend" of the $145m dollar 2021... read more »

But rather than this being the end of a process that has already been under the spotlight for a while, what happens next is potentially more intriguing as the governing body... read more »

The Red Bull Formula 1 team remains confident that it didn't overspend last year's $145 million budget cap, stating it is "surprised" by the FIA's... read more »