Daimler chairman Ola Kallenius believes the Mercedes Formula 1 team could soon begin to turn a profit as a result of the new spending cap. read more »

McLaren CEO Zak Brown believes the Formula 1 budget cap will "put a better product on the track" when it is finally introduced in 2021. read more »

Silverstone Circuits has suspended three high level directors including managing director Richard Phillips, with some sources suggesting they were escorted from the premises.... read more »

Bernie Ecclestone claims the Australian Grand Prix is ‘probably’ the least practical, in terms of profitability, of all the races on the current Formula 1... read more »