Seven-time Formula One champion Lewis Hamilton has made a personal pledge of £20 million to a new charity aimed at empowering young people from under-represented groups in the... read more »

Christian Horner has revealed Max Verstappen's race-ending shunt at Silverstone cost Red Bull $1.8 million. read more »

Max Verstappen's crash at the British Grand Prix cost Red Bull approximately $1.8 million. The team is still considering its sporting options over the 'lenient'... read more »

Max Verstappen survived his 51G crash at Silverstone, but the damage to his RB16B will set Red Bull back "three quarters of a million euros". read more »

The McLaren Group has raised £550 million in new investment which will help to support its automotive and racing divisions. The new investment comes from multiple sources, but... read more »

As part of its We Race As One initiative, F1 announced in June 2020 that it would be forming a foundation to help fund scholarships and tuition for students from more diverse... read more »

Motorsports governing body, the FIA, has commissioned a study into motorsports economic and social impact, revealing a total gross output of €160 billion annually. The study,... read more »

Any film that needed to cover ground as wide as Adolf Hitler being at his parents' wedding, punch-ups at fascist rallies, Formula 1 controversies, the dishing out of $100... read more »

W Series has announced further broadcast deals that will enable them to reach 500 million viewers around the world, in its status as a Formula 1 support race this season. read more »

The Azerbaijan Grand Prix saw record viewership in the United States, according to cable broadcaster ESPN. The Formula 1 race surpassed the previous round in Monaco as the most... read more »

In Monaco and beyond, F1 and our teams, circuits and partners are working together to eliminate single-use plastics - with a commitment to saving 1 million SUPs in 2021 alone.... read more »

Red Bull principal Christian Horner expects meeting the upcoming FIA wing tests to cost his team "half a million dollars". read more »

A race-winning Formula One McLaren driven by Lewis Hamilton in 2010 will be put up for auction at the British Grand Prix in July as it does laps of the Silverstone circuit. read more »

Mercedes dominated the 2020 campaign, winning both the Drivers' and Constructors' titles, and it cost them £324.9 million. read more »

Formula 1 has reported significantly improved financial results for the first quarter of 2021 (January to March), compared to the same period last year when its income was... read more »

The 2021 season marks the first year that F1 is racing under a new budget cap and financial regulations, limiting each team to spending $145 million per season.Within the... read more »

F1 introduced all-new financial regulations for the 2021 season to enforce a new budget cap of $145 million per year for each team.Within the financial regulations, F1... read more »

F1 introduced a new $145 million budget cap for the 2021 season, policed by an all-new set of financial regulations that worked alongside the sporting and technical... read more »

Motorsport Week has joined forces with popular YouTube channel, The F1 Word, to bring Formula 1 fans even more video-based news, gossip, race reviews and features. With more... read more »

Charles Leclerc is not in favour of a salary cap, saying the drivers will be speaking with the FIA about the proposed $30 million cap. read more »

After a fraught Emilia Romagna GP for Mercedes, one of team boss Toto Wolff's main frustrations was the potential consequences of the huge accident suffered by Valtteri... read more »

This year F1 introduced an annual $145 million cost cap, followed by a further $5 million year-on-year reduction in subsequent seasons.The cap meant F1's largest teams... read more »

The Williams Formula 1 team are aiming to complete 100 pit stops during the Portuguese Grand Prix weekend, in honour of the Sir Captain Tom Moore charity. Sir Captain Tom... read more »

US-based Global Net Lease (GNL) has agreed a £170 million deal to purchase McLaren’s Woking headquarters as part of a leaseback agreement. The deal includes all three buildings... read more »

James Allison says that how much the new regulations have benefited high-rake cars is a big question that nobody knows the answer to yet. read more »