Organisers of the Australian Grand Prix hope to limit the budget of the event to $60 million. read more »

Renault recruit Kevin Magnussen said the events that transpired during his tenure at McLaren in late 2014 had a positive effect on his character. read more »

Renault reserve driver and GP3 champion Esteban Ocon will race for the Mercedes DTM team this season. read more »

Sauber driver Felipe Nasr has absolutely no qualms about the delay in the launch of the new C35, which is only expected to be available at the second Formula 1 test next month. read more »

Renault boss Frederic Vasseur said the most critical thing at this juncture would be to ensure that the team continues to make progress behind the scenes. read more »

Former world champion Mario Andretti said Formula One was as healthy as it had ever been, adding that he would give anything to be driver during this period. read more »

While Jacques Villeneuve acknowledges that his decision to stay on at BAR was misguided, he does not have any regrets about the decisions he made during his Formula 1 career. read more »

German driver Pascal Wehrlein said Toto Wolff had played a significant role in discussions to have the driver compete at Manor Racing during the 2016 campaign. read more »

Brazilian driver Nelson Piquet jr, who has managed to rebuild his racing career in Nascar, rallycross and Formula E, said the chances of him returning to the Formula One track... read more »

Pastor Maldonado has left the building and PlanetF1 admits we'll miss him (a bit)... read more »

Alain Prost has revealed that he will not be taking up a role with Renault Sport team due to his Formula E and broadcasting commitments.. read more »

Renault new recruit Kevin Magnussen has admitted that his Formula 1 career would most likely have been over had he not been offered a spot at the French team this season. read more »

Former McLaren racer Kevin Magnussen was confirmed as one of the three drivers who would represent the Renault Sport Formula 1 team, during a launch in Paris on Wednesday. read more »

Renault announced their return to Formula 1 during the launch of the Renault Sport Formula 1 team, hosted in Paris on Wednesday read more »

Force India driver Nico Hulkenberg said his team's primary objective at this juncture would be to rise to the level of Williams during the 2016 season. read more »

Honda motorsport boss Yasuhisa Arai said tremendous emphasis would be placed on nurturing its own engine development talent. read more »

Pastor Maldonado's manager Nicolas Todt said every effort would be made to ensure that his driver makes a return to Formula 1 in 2017. read more »

The management team at Lotus Renault wants new recruit Jolyon Palmer to race aggressively in 2016. read more »

Former World Champion Sebastian Vettel said the changes to the Ferrari car, ahead of the 2016 campaign, will be quite apparent when the racing fraternity catches a glimpse of it. read more »

Gary Paffett has been appointed as a simulator driver at the Williams Formula One team ahead of the 2016 campaign. read more »

While closing the gap to Mercedes and Ferrari would be a great achievement for Williams this season, Claire Williams says keeping Red Bull behind would be even better. read more »

Hermann Tilke may be responsible for the route of the Baku circuit but it is the streets of the Azerbaijan capital that have given him the canvas on which to work. With Bernie... read more »

Toro Rosso driver Max Verstappen thinks that his body can handle more than it did during the 2015 season. read more »

Toro Rosso driver Carlos Sainz said there had been significant changes to his training regime in 2016, compared to what he had done at this stage last year. read more »

Eric Boullier is grateful for the commitment shown by Fernando Alonso and Jenson Button during what has been a difficult period for the Formula 1 team. read more »