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 »

The world champion team has revealed plans to work with new sponsor TeamViewer to explore what opportunities can be provided with AR technology.Global software company... read more »

F1 teams will operate under strict financial regulations for the first time in the series' history this year after moving to curb costs to become more sustainable.In the... read more »

Lewis Hamilton could be back living in the UK in the coming years, the Brit renovating an £18 million home in west London. read more »

Carlos Sainz has labelled the podium potential of Ferrari in the coming season as the "million-dollar question" ahead of his first campaign with the Scuderia. read more »

Formula 1 has posted a record loss of $386 million as a result of the COVID-19 pandemic, which had a major impact on the 2020 F1 season and therefore the sport’s finances. F1’s... read more »

McLaren Racing reported a £71.4 million ($98.9m) loss for the 2019 financial year, which was £13m ($18m) less than the £84.4m ($117m) loss is posted in 2018. The team saws its... read more »

Despite the fact that 2020 had four fewer races than 2019, F1 reports an average audience per race in 2020 of 87.4 million, marginally down on 2019. read more »

Formula 1's TV audience suffered a slight dip in 2020, a trait organisers have attributed to a reduced calendar, but enjoyed strong growth on social media platforms. On... read more »

Former Haas driver Kevin Magnussen can finally "concentrate on creating a new life" according to father Jan after winning a four-year, multi-million-pound legal... read more »

Formula 1's reduced 2020 calendar means teams will pay a smaller entry fee for next season, with world champions Mercedes seeing its bill cut by more than $1 million read more »