Mick Schumacher reportedly did more than €3 million worth of damage to his car in the 2022 season. read more »

Speaking at the Financial Times and Motorsport Network's Business of F1 Forum at the Abu Dhabi Grand Prix, Ben Sulayem said that efforts were being ramped up to help... read more »

The German manufacturer made the decision to suspend its sponsorship deal with FTX on the eve of the Brazilian Grand Prix in the wake of the company's much-publicised... read more »

FTX is facing bankruptcy if it cannot raise billions of dollars to get itself out of a liquidity crisis that erupted at its affiliated Alameda Research company this week.An... read more »

Whatever the true cause of the global recession, which in reality is only just getting started, F1 CEO, Stefano Domenicali is confident that almost everything is in place for... read more »

Formula 1 is ready to enter talks with a potential new team, but asserts that any addition must bring financial and sporting value to the grid. The sport has operated with 10... read more »

Red Bull's 2021 F1 cost cap overspend has divided opinion in the paddock, but has the FIA's punishment reinforced the financial regulations? read more »

The FIA announced on Friday it had reached an Accepted Breach Agreement with Red Bull over its alleged breach of last year's financial regulations.The agreement saw Red... read more »

Mercedes team principal Toto Wolff has dismissed breaching F1's budget cap in the future as he fears the "reputational damage" would outweigh any sporting or... read more »

F1's governing body revealed after the Japanese GP 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 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 »