Haas has explained the logic behind its decision to halve the size of its pit wall for the coming season. read more »

Team principal Gunther Steiner says that the money has been fed straight into the development budget for the VF-23.The team's push for cost savings reflects the fact that... read more »

Haas team principal Guenther Steiner has calculated "a few million" is being saved this year following F1's decision not to stretch the calendar to a... read more »

Save your energy! Five-time Formula One world champion Lewis Hamilton competes against 12-year old Isaiah to demonstrate the importance of energy savings with business inkjet.... read more »

A proposal to cut costs by changing the rules to allow for pooling of resources and co-development has been rejected by the sport's biggest teams. Lotus, Force India and... read more »

McLaren racing director Eric Boullier insists that cost-cutting plans being discussed will produce big savings for some Formula 1 teams, despite FIA president Jean Todt... read more »

Formula 1 chiefs are hopeful that a raft of changes over the next three years will amount to significant cost savings, doing away with the need for a cost cap which isn't... read more »

Renault, Mercedes and Ferrari must submit their final V6 power unit designs to the FIA on Friday for them to be homologated. Despite major problems for Renault, they're... read more »

Sauber have confirmed they will experiment with a passive drag reduction system during pre-season testing. Whilst the double-DRS system used by Mercedes last season has been... read more »