Melbourne keen to keep the Australian GP beyond current deal but only on reduced terms after figures reveals $56 million of subsidies for the 2012 race read more »

Melbourne officials want to keep the Australian Grand Prix beyond its current deal, but have admitted they are not comfortable with the current financial terms read more »

Ferrari acknowledges that it must improve its car to ensure that Fernando Alonso does not lose the world title over the six remaining races of 2012. After Singapore, the... read more »

F1 running costs must be lowered by another 30 percent in order to make sure all current teams remain on the grid in coming years. That is the latest warning from FIA President... read more »

María de Villota's recovery has been described as 'remarkable' by the Marussia F1 Team, with the Spaniard's condition steadily... read more »

Gerhard Gribkowsky, a former banker who oversaw the sale of Formula 1 to CVC, has admitted he accepted bribes from F1 chief Bernie Ecclestone. The German has now... read more »

Jean Todt has admitted he is worried formula one teams could collapse if costs are not reduced. After the FIA's meeting of its World Motor Sport Council last Friday, a... read more »

The FIA has confirmed to organisers of the European Grand Prix that the sole DRS zone for this weekend's race will be located on the back stretch, beginning after the... read more »

Organisers have reduced the capacity for the European Grand Prix from 65 000 to 45 000 in order to get a full house in Valencia. read more »

The European Grand Prix held in Valencia is struggling to sell tickets despite a reduced capacity, which the organisers hoped would help the event to sell-out. The street... read more »

Valencia has sold less than 40,000 tickets ahead of next weekend’s European grand prix. El Pais newspaper reports that, of the street circuit’s deliberately... read more »

CVC Capital Partners, the majority owners of Formula 1, have sold a 20 per cent stake ahead of the sports Singapore stock market flotation. The 20 per cent, which has reduced... read more »

The Spanish Grand Prix is known for a lack of overtaking - there were an average of just two overtaking moves per race between 2008 and 2010. With the race just days... read more »

The Spanish Grand Prix will feature a single drag reduction zone on the main start/finish straight, similar to that of last season. The detection point will remain between... read more »

Paul di Resta, 10th: “I’m very happy with our qualifying performance today. With our reduced programme yesterday it wasn’t easy getting all the... read more »

Martin Whitmarsh is hopeful that the Formula One teams will continue to work together despite reduced numbers remaining in FOTA read more »

Kimi Raikkonen says he has fewer concerns about adapting to 2012-spec Formula 1 after two years away from the sport following his two-day test at Valencia a couple of weeks ago. read more »

The Valencia regional government has asked Bernie Ecclestone to slash the costs of staging their race despite talks of alternating with Barcelona... read more »

Jan.10 (GMM) With Valencia already asking for a reduced race fee, the fate of Spain's other formula one event has also fallen under a cloud. The economics minister of... read more »

The 2012 Formula 1 calendar looks likely to be reduced to 19 races if the organisers behind the United States Grand Prix can't produce guarantees read more »

HRT F1 Team are happy to have improved their cars considerably compared to Friday practices. FP3 has allowed the drivers to fine tune their cars’ set-up and it showed with an... read more »

Pirelli has informed teams that their recommended camber limits for the Italian GP will be more conservative following the Spa tyre debacle... read more »

Formula 1 teams have been issued with a more conservative camber recommendation by Pirelli for this weekend's Italian Grand Prix, AUTOSPORT can reveal, to prevent a repeat... read more »

Mercedes GP boss Ross Brawn is adamant his team has reduced the gap to the frontrunning squads, although he concedes it has not been enough to make the outfit as competitive as... read more »

Lewis Hamilton says he's ready to re-sign with McLaren but only if his days of PR work are dramatically reduced... read more »