Red Bull was found guilty of breaking the cost cap limit in 2021, and the team was fined $7 million plus given a 10% reduction in aerodynamic testing for 12 months from October... read more »

Sergio Perez will hope that 2023 delivers his most successful season in F1 to date, with a contract dilemma looming in the not-too-distant future for his mighty Red Bull team. read more »

ROKiT, the former title partner of the Williams Formula 1 team, has launched a $149 million legal claim against the Grove-based squad. The case comes after Williams won a won... read more »

Kevin Magnussen says that achieving a podium result with the Haas Formula 1 team would mean more to him than his successful 2014 debut that saw him classify in second place.... read more »

Three-time Formula 1 World Champion Nelson Piquet has been handed a fine of five million Brazilian reals for racially abusing seven-time champion Lewis Hamilton. The Brazilian... read more »

Brazil's triple Formula One champion Nelson Piquet must pay $953,050 (5 million Brazilian Reals) in moral damages for racist and homophobic comments against Mercedes... read more »

Red Bull chief Christian Horner claims the reduced wind tunnel time imposed on the team for breaching the cost cap has served to increase motivation within the team. The FIA... read more »

Charles Leclerc toasted his Instagram followers this week as he hit the massive milestone of 10 million followers - but nobody matches the pulling power of F1's social... read more »

While there was a full 22-race calendar in 2021 there were still some restrictions on attendance in place. But last year, with those finally gone and F1 continuing to benefit... read more »

The Haas Formula 1 team is saving around a quarter of a million dollars through the use of a smaller pit wall for the 2023 season. The money is being reinvested into car... read more »

The Milton Keynes-based squad was handed a $7 million fine and a 10% reduction in its aero development allowance as the result of being found to have overspent on its way to... read more »

Daniel Ricciardo was very publicly in the crosshairs of Haas team principal Guenther Steiner last season. read more »

The matter relates to a loan that the current AlphaTauri Formula 1 driver took in 2018 from Schothorst's investment fund Investrand to help fund an F2 campaign with Prema... read more »

Red Bull team boss Christian Horner asserts that the penalty it was issued for breaching the 2021 budget cap is "significantly limiting" its pre-season development... read more »

Michael Schumacher's Jordan 191 F1 car will be auctioned with a guide price of £1.2 million-£1.8m. read more »

Lewis Hamilton has reportedly been offered a €70 million per season contract to extend at the Mercedes Formula 1 team. His current contract expires at the end of the 2023... read more »

Both Red Bull and Aston Martin were found to have broken the 2021 cost cap during investigations last year, as new spending restrictions in grand prix racing were enforced for... read more »

F1 introduced its first set of financial regulations for the 2021 season, restricting teams to a yearly budget of $145 million. This was initially set to fall by $5m per year,... read more »

Following the audit of the first year of F1's financial regulations in 2021, Red Bull was found to have exceeded the $145 million budget cap by 1.6%, resulting in a $7m... read more »

A mammoth $5 million ticket package for the 2023 Las Vegas is to go on sale from Caesars Entertainment. F1 will compete in the Las Vegas streets next year, with the race... read more »

McLaren CEO Zak Brown says he believes that it will be another two years before Formula 1 has a deeply competitive field as a result of the budget cap. F1 introduced a cost cap... read more »

The first stage of the team's new £200 million factory is due to open in May, acting as a big shot in the arm for its push to grow, while the arrival of Fernando Alonso is... read more »

Frederic Vasseur, Andrea Stella and Andreas Seidl will reportedly earn between €6-8 million (£5.2-6.97m) when they begin their new F1 roles next season.  read more »

The Red Bull F1 team have paid over £5 million in entry fees to the FIA as a result of their record-breaking 2022 campaign. read more »

Williams has won a court case against a former title sponsor, who is now forced to pay the Formula 1 team £26 million. The title sponsor in question, ROKiT, joined Williams in... read more »