Formula 1's budget cap has been reduced for the 2021 season following a unanimous agreement between all 10 teams, the FIA's World Motor Sport Council confirmed on... read more »

The World Motor Sport Council has approved further changes to the sporting, technical and financial regulations governing F1, primarily due to the ongoing need to reduce costs... read more »

McLaren Group has confirmed that it is planning to reduce its headcount by over a quarter, in part due to the coronavirus pandemic. The Group operates its Applied, Automotive... read more »

Formula 1 teams have agreed to reduce the upcoming budget cap to $145 million (119 million pounds) for 2021, according to the BBC. read more »

This year's Formula 1 circus could yet head to venues that were not on the orginal calendar in order to reduce travel time, says Chase Carey. read more »

A report by Racefans.net says Formula 1 teams' technical directors have agreed to reduce the level of downforce produced by cars for 2021. read more »

Mercedes boss Toto Wolff says F1 has a duty to contribute in helping to reduce the spread of coronavirus. read more »

Formula 1 teams and bosses are to meet next week to discuss a proposal to reduce the sport's budget cap to $130m (£104.6m) by 2022. read more »

Daniel Ricciardo and Lewis Hamilton support the idea of modifying Albert Park to improve overtaking, with the latter fearing the current Formula 1 designs will further reduce... read more »

Williams has confirmed that it has furloughed “some” of its staff, following in the footsteps of the McLaren Formula 1 team. Like McLaren, its senior management and its... read more »

McLaren boss, Zak Brown fears that F1 could lose as many as four teams as he calls on the sport to reduce the budget cap still further. read more »

McLaren Formula 1 drivers Carlos Sainz and Lando Norris have both agreed to take a pay cut during the current Coronavirus situation, as the McLaren team has taken steps to... read more »

Formula 1 teams could dramatically reduce their budgets by carrying over chassis, gearboxes or suspensions from one season to the next. read more »

F1 could delay the planned introduction of the 2021 regulation overhaul by a year in a bid to reduce costs following the disruption caused by the coronavirus pandemic. read more »

The majority of Formula 1 teams are reportedly in favour of delaying the introduction of the 2021 regulations for one year in an effort to reduce costs during what is expected... read more »

Though further race postponements will reduce income, there are no immediate threats to the teams despite the season possibly dropping the opening seven races. read more »

Formula 1 teams have agreed to reduce their media activities amid the ongoing threat of the COVID-19 coronavirus, ahead of this weekend's Australian Grand Prix. Each team... read more »

Formula 1 must reduce the cost of engines if the sport hopes to retain its manufacturers, that's according to Red Bull team boss Christian Horner. read more »

The McLaren Group has taken the step of banning from its properties any person who has recently visited China in the wake of the Coronavirus outbreak. read more »

Design legend Patrick Head says the "regressive" step Formula 1 is making in 2021 by reducing engineering freedoms is a necessary evil to stop spending wars ruining... read more »

Mercedes will be in Formula 1 "for the long-term" if it is able to reduce the contribution from parent company Daimler, according to team principal Toto Wolff read more »

Honda must reduce its spending to stay in Formula 1 because cost is the biggest issue as the manufacturer weighs up continuing its engine programme beyond next season read more »

Haas principal Guenther Steiner thinks the budget cap coming from 2021 may reduce performance gaps in F1, but not eliminate them. read more »

Sebastian Vettel has welcomed Formula 1's plans to reduce its carbon footprint, saying the series would be "stupid" not to use its platform to tackle the issue. read more »

Alex Albon hopes making forceful overtakes in his first Formula 1 race for Red Bull will prevent people asking "too many questions" going into this weekend's... read more »