Lotus has recorded the biggest financial loss in motor racing history, according to F1 business journalist Christian Sylt. A report in the Telegraph said the Enstone based... read more »

Formula One teams face a massive 150 per cent hike in the cost of their 2014 engine supply when the sport switches to turbo-charged V6 power units. At present, engine supply to... read more »

The face of Formula One might be about to change after German authorities confirmed they will press ahead with bribery charges against F1 supremo Bernie Ecclestone. The... read more »

F1 team Lotus has reportedly sold a $1.5 million stake to a British property investor. Writing in the Telegraph, F1 business journalist Christian Sylt said the buyer is Andrew... read more »

Reports in the German media claim Bernie Ecclestone will be charged with accusations of bribery in Germany later this month. The 82-year-old has been under investigation ever... read more »

Silverstone has been awarded £9.1 million in funding from the Heritage Lottery Fund (part of the National Lottery) to help develop a motorsport museum. The... read more »

Silverstone has confirmed it has been allocated 446,068 from the Heritage Lottery Fund as part of a bid for 9.1 million for its 'Silverstone Heritage Live'... read more »

Silverstone has taken a step closer to gaining a £9 million grant to create a visitor attraction to pay homepage to the rich history of the British GP venue. read more »

Williams has played down reports it suffered a financial loss last year, insisting instead that it is gearing up to expand. Listed on the Frankfurt stock exchange, the British... read more »

Bernie Ecclestone has revealed that prize money will only be given to teams which finish as a top ten constructor in 2013, therefore eradicating the £6.44 million sum... read more »

The Williams Group recorded a £5 million loss in 2012, its latest financial report shows, though it blamed an accounting technicality meant some of its Formula One... read more »

The Williams group recorded a loss of UKP5.0 million in 2012 as a result of the impact of a technical accounting treatment that meant it was deprived of part of its Formula 1... read more »

Williams Grand Prix Holdings has posted a pre-tax loss of £5 million for 2012. The outfit made a profit of £7.4 million in 2011, but has linked the latest... read more »

The team which finishes 11th in the constructors' championship will no longer receive a share of the prize money under the new agreement. Bernie Ecclestone has revealed... read more »

Lloyds Development Capital (LDC) an investment arm of the Lloyds Banking Group, has sold its 25.3 per cent stake in the Marussia Formula 1 team. The outfit has made large... read more »

The city of Austin gained global media coverage worth $191.2 million from hosting the 2012 United States Grand Prix read more »

McLaren and Vodafone will end their seven-year partnership at the end of the 2013 Formula 1 season, the Woking-based outfit confirmed in Melbourne on Thursday. According to... read more »

Pastor Maldonado's future looks uncertain following the news that Venezuelan president Hugo Chavez has lost his battle with cancer at the age of 58. Chavez has been a very... read more »

Lotus looks set to begin the 2013 season without a title sponsor. Late last year, it emerged that the Genii-owned team was close to announcing a $30 million per year deal with... read more »

Formula One's audience dropped by some 13 million viewers during the 2012 season, according to the latest figures from the sport's annual broadcast report. China led... read more »

Bernie Ecclestone has insisted that the entire grid of 11 teams are financially stable, and the sport won't be losing them because of budgetary problems. His comments put... read more »

David Coulthard has called upon those who criticise the Australian Grand Prix in Melbourne to be more tolerant, describing them as "selfish". The event has attracted... read more »

Marussia parted with Timo Glock because a backmarker team needs every million. That is the claim of Pat Symonds, the former Renault ‘crash-gate’ conspirator... read more »

Melbourne is hopeful of retaining the rights to host the Australian Grand Prix past its current contract which ends in 2015. The race has come under increasing pressure from... read more »

Mercedes' spending on its Formula 1 team has spiralled, according to its latest corporate accounts for the 2011 financial year. The Anglo-German outfit spent... read more »