McLaren has warned Fernando Alonso he is running out of time to commit to the British team for the 2015 season. Media reports in the last days have suggested the Spaniard,... read more »

Big budgets, multi-million-pound salaries and a head-spinning prize fund - how the wheels keep turning in Formula 1. read more »

Formula 1’s controlling shareholder is set to hand smaller teams a £100 million payment in an attempt to ward off the sport’s financial crisis, it was reported on Tuesday. read more »

Lotus Team Principal Gerard Lopez has criticised the spiralling costs in Formula 1, claiming that its spending compared to leading junior series GP2 is "ridiculous". read more »

Marcus Ericsson looks set to keep his Formula One career alive by signing with Sauber for 2015. Said to carry some $18 million in personal sponsorship, the Swedish rookie is... read more »

With the current cost crisis sweeping its way through the sport - something that's more obvious than ever with the collapse of two teams; Caterham and Marussia, in the... read more »

A pair of British-Indian brothers who made their fortune in the steel industry are "very close" to securing a £55 million rescue deal to save Marussia after it fell... read more »

The true scale of the financial crisis which brought down Caterham has finally been laid bare. read more »

British-Indian brothers Baljinder Sohi and Sonny Kaushal are in negotiations to rescue the beleaguered Marussia F1 Team following confirmation the outfit has gone into... read more »

Marussia are set to join Caterham in missing the United States Grand Prix according to F1 supremo Bernie Ecclestone. Caterham has been given special permission to miss the next... read more »

Caterham Sports Limited, which manufactures the Caterham F1 Team's Formula 1 cars, has gone into administration, putting hundreds of jobs at risk. Whilst the team itself... read more »

All 700 staff members at Mercedes' Brackley headquarters will bank a tasty bonus as a reward for securing the constructors' world championship in Russia, British... read more »

Mercedes has revealed that it boosted its spending on Formula One by 17% to a record £325 million last year. read more »

To add a third car would take at least six months according to McLaren's Eric Boullier and therefore it might already be too late to implement should Bernie Ecclestone get... read more »

Honda are reportedly willing to fork out '30 million to get Fernando Alonso out of his Ferrari contract and lure him to McLaren... read more »

Sauber is on the brink of being taken over by Canadian billionaire Lawrence Stroll according to reports in the Monza paddock over the weekend. The team is in need of investment... read more »

The Williams F1 Team has blamed investment in ensuring it moved toward the front of the Formula 1 grid for losses of more than £20 million ($32m) in the first six months of... read more »

Sebastian Vettel says his attention at present is on returning to form with Red Bull Racing and getting the team back to championship winning ways after a relatively difficult... read more »

The McLaren Group made 18.8 million pre-tax profit in 2013, it has been announced. read more »

The McLaren Group has announced an £18.8 million increase in profit for 2013, as well as increased revenues of £268 million read more »

Mercedes motorsport boss Toto Wolff has welcomed Bernie Ecclestone back to F1 full-time after the 83-year-old's legal problems in Germany diverted his attention away from... read more »

Felipe Massa became the first of the current Formula 1 drivers to complete the Ice Bucket Challenge in support of the ALS Association which is raising funds in its battle to... read more »

The Lotus F1 Team has recorded losses of £64 million during the financial year of 2013 according to its latest accounts. The losses come just days after team co-owner... read more »

Sauber's Head of Aerodynamics, Willem Toet, explains the technology behind their multi-million dollar wind tunnel. read more »

A Ferrari 250 GTO once owned by Jo Schlesser - who was killed on his Formula One debut in 1968 - has been sold at auction for a world record £22.8 million ($38.1 million) read more »