Teams may be able to run year old engines as part of an initiative to save costs, like the Manor-Marussia team have done this year, according to Autosport. Marussia found a... read more »

Bernie Ecclestone is pushing for a buyout of the Lotus team by Renault and last month paid the cash-strapped outfit £1.5 million to cover the wages of 400 staff. Lotus... read more »

Renault are set to complete a takeover of the Lotus outfit next week, Autosport reports, returning the French manufacturer to 'works team' status. The company, which... read more »

On the back of Ferrari re-signing Kimi Raikkonen, it has been reported that Williams wanted "around £10 million to release" Valtteri Bottas... read more »

Paul Hembrey, motorsport director of Pirelli, has admitted that the budget for their Formula 1 efforts mirrors that of a fully fledged team. Pirelli will soon find out whether... read more »

It's F1 summer shutdown so Leandra is in our virtual studio today! Find out what Lewis and Nico have been up to during their summer break and we want you to tell us which... read more »

Despite best efforts, new Australian GP chairman John Harnden says hosting the F1 grand prix will continue to cost about $50 million a year... read more »

The future of the Italian Grand Prix looks to be secure with news that a new deal will be agreed sometime in "early September". The event, held at the Autodromo... read more »

Fernando Alonso is currently the highest paid driver on the Formula 1 grid, earning a reported %u20AC35 million from McLaren... read more »

The annual list of what each driver is earning has been released by Business Book GP, and whilst Fernando Alonso might not be doing so well on the track, his bank account... read more »

Ferrari and Williams have agreed a deal which will see Valtteri Bottas replace Kimi Raikkonen in 2016, Italian media reports. Williams have an option on the Finn for next... read more »

McLaren's Fernando Alonso and Jenson Button have been granted an additional engine each without penalty following a change to the sporting regulations. During... read more »

Since 2008, Join the Pact has been activated in over 40 countries, collecting over 2.4 million commitments and delivering 1.2 million kilometres of safe rides home. With the UK... read more »

FIA president Jean Todt has finally admitted that engine costs in Formula 1 are far too high following the switch from V8 engines to hybrid turbo-V6 power units. The Frenchman... read more »

Kimi Raikkonen has hit out at the media for reporting "bullshit" claims that he could face a pay-cut if he wants to remain at Ferrari in 2016. The straight-talking... read more »

Almost one million people now like our Sky Sports F1 Facebook – your social media destination for all the latest Formula 1 news and debate. read more »

Former FIA president Max Mosley has labelled the amount Formula 1 drivers are now being paid as 'absurd'. The Briton's comments come after news that Lewis... read more »

Max Mosley says driver salaries in Formula 1 have become 'absurd' amidst reports that Lewis Hamilton's deal is worth up to £100 million. read more »

FIA president Jean Todt says the governing body cannot ban alcohol advertising in Formula 1, despite repeated calls from Eurocare: The European Alcohol Policy Alliance. Three... read more »

Formula 1 looks set to head down the customer car avenue within the next few years after the matter was discussed at length during a recent Strategy Group meeting. Whilst a... read more »

One hundred million pounds sounds like a lot of money. To most of us, that's because it is. But for those rarefied individuals who are accustomed to negotiating in the... read more »

Ferrari received by far the largest prize money payout last year, $164 million (£104m), despite finishing just fourth in the Constructors' Championship. Meanwhile... read more »

The Sauber Formula 1 team has thrown its support behind former FIA president Max Mosley's proposal for a budget cap with a twist. The 75-year-old called upon the sport to... read more »

Former FIA president Max Mosley has urged Formula 1's rule-makers to consider a budget cap once again, amid an ongoing financial crisis which has somewhat been swept under... read more »

Valencia, former home to the European Grand Prix, could return to the Formula 1 calendar in the future if a Singapore based development consortium gets its way. The venue,... read more »