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 »

The latest corporate accounts from Mercedes lay bare just how expensive F1 has become, graphically revealing that the motorsports division spent a record... read more »

Mercedes has offered Paddy Lowe a million euros per year to switch from McLaren, the major German newspaper Bild claims. None other than Mercedes team boss Ross Brawn on... read more »

Lotus is yet to sign a title sponsorship deal with Honeywell, the American technology giant. Last month, it emerged that the Enstone based team was close to a $30 million per... read more »

Mercedes has offered Paddy Lowe a million euros per year to switch from McLaren, the major German newspaper Bild claims. None other than Mercedes team boss Ross Brawn on... read more »

Formula 1 supremo Bernie Ecclestone says Melbourne should be less opposed to the fees it pays to host a Grand Prix. The 82-year-old’s comments follow reports that 30... read more »

Marussia on Monday admitted the need for money is behind the decision to part with the team's long-time lead driver Timo Glock. It is believed German Glock, 30, was being... read more »

Force India's deputy team boss Bob Fernley has denied reports the team could be under threat of closure or a takeover due to financial concerns. Italian media reports the... read more »

Kamui Kobayashi will be back in Formula 1 next year, insists former team-mate Sergio Pérez. The Japanese driver failed to secure a seat for the 2013 season despite... read more »

Bernie Ecclestone says he is completely innocent of any crime surrounding the sale of Formula 1 to private equity firm CVC in 2006, with the 82-year-old accused of paying a 27... read more »

Formula 1 supremo Bernie Ecclestone says he may be forced into retirement if he is charged in a bribary case surrounding the sale of the sport to private equity firm CVC back... read more »

Bernie Ecclestone admits he may be forced to leave his role as CEO of FOM/FOA should he face further action in the Gerhard Gribkowsky bribery trial. Whilst Ecclestone... read more »

Kamui Kobayashi has released a statement explaining that he will not be able to secure a competitive race seat for the 2013 campaign, leaving the Japanese driver to focus on a... read more »

Kamui Kobayashi has conceded he will not drive in Formula One in 2013 despite raising a budget of €8 million though his personal website read more »

Despite raising eight million euro in funding, Kamui Kobayashi has given up on securing race seat in 2013 and will instead concentrate on securing a drive in 2014. read more »

Kamui Kobayashi has confirmed what many of his fans had feared. The Japanese driver won't be racing in Formula 1 in 2013 after failing to secure a competitive seat.... read more »

Max Chilton will occupy the empty seat at Marussia according to the president of the Russian supercar company which holds a significant stake in the Formula 1 team. Speaking to... read more »

Lewis Hamilton has visited the Mercedes factory for the first time since he signed a £60 million contract with the Anglo-German outfit for 2013 and beyond. Whilst his... read more »

Ron Dennis has revealed that McLaren would have faced a two-year ban from Formula 1 had he taken the FIA to court over the 'spygate' controversy. McLaren were found... read more »

The Texas and local Austin government have released funds from the Major Events Trust Fund (METF) to the organisers of the United States Grand Prix following the success of the... read more »

F1 team Lotus is reportedly close to announcing a multi-million dollar title sponsorship deal with Honeywell, the American technology giant. “It is thought the... read more »

Marussia are on course to debut their 2013 challenger at the first test of the season according to team principal Graeme Lowdon. The team had previously missed the first two... read more »

McLaren's Formula 1 team enjoyed a 44 per cent rise in its annual profits in 2011 according to its latest set of accounts.  The outfit posted profits of... read more »