Bernie Ecclestone has stressed the importance of the Australian Grand Prix but insists that no contracts should be broken, with Victoria taxpayers continuing to state their... read more »

An MP whose constituency includes Albert Park, home of the Australian Grand Prix, says the city of Melbourne should cut its losses and ditch the event. read more »

Lord Mayor Robert Doyle of Melbourne admits that his city could be likely to lose its Formula 1 race, which has been staged on the streets of Albert Park since 1996. Despite... read more »

Melbourne's Lord Mayor, Robert Doyle, has said that it is time the city turned its back on Formula One, claiming that annual losses on the event could soon reach $70m AUD... read more »

It is being reported that Australia’s Grand Prix of Melbourne may not remain on the Formula 1 calendar when the event’s current contract expires at the end of 2014. Staged... read more »