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 »

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 »