A Mercedes W196 put up for Auction on Friday has sold for a record breaking £17.5 million ($26.5m) at the Goodwood Festival of Speed. The 1954 Mercedes - driven by... read more »

A 1954 Mercedes W196 has sold for a world record £17.5m at the Goodwood Festival of Speed read more »

Formula One teams face a massive 150 per cent hike in the cost of their 2014 engine supply when the sport switches to turbo-charged V6 power units. At present, engine supply to... read more »

Williams have announced that their turnover for 2012 was up despite recording a loss before tax of £5m... read more »

Williams Grand Prix Holdings - the group of companies which includes Williams Grand Prix Engineering - has posted a £5million loss for 2012 read more »

Bernie Ecclestone is shaking up F1's $698.5m prize fund as no longer will the 11th team be paid a cent... read more »

The team which finishes 11th in the constructors' championship will no longer receive a share of the prize money under the new agreement. Bernie Ecclestone has revealed... read more »

Bernie Ecclestone has revealed precisely how jailed German banker Gerhard Gribkowsky managed to extract £27.5m from him and, explaining to Chris Sylt, it's all about Paul... read more »

Red Bull boosted its F1 budget last year due to increased promotion of its back-to-back championships. Perhaps ironically, the more it wins, the more it spends. read more »

Kamui Kobayashi has confirmed what many of his fans had feared. The Japanese driver won't be racing in Formula 1 in 2013 after failing to secure a competitive seat.... read more »

McLaren's Formula 1 team enjoyed a 44 per cent rise in its annual profits in 2011 according to its latest set of accounts.  The outfit posted profits of... read more »

Bernie Ecclestone is heading to Istanbul this week to begin negotiations which could see Turkey return to the calendar for 2013. The Turkish Grand Prix, held at the Istanbul... read more »

Ferrari has raised $1.5million for those most affected by Hurricane Sandy, the super storm which battered the east coast of the country in late October. read more »

Greece has elected to unblock a subsidy of 28.9 million euros (£23m) for the construction of an international standard racing circuit, the Ministry of Development has... read more »

Williams has announced that turnover of its Formula One-related operations is up by 57% while its profits increased to £8.5m in its half-year results read more »

Williams Grand Prix Holdings (WGF1) has announced its half-year interim results, with an increase turnover by 57% to £73 million from £46.4m in 2011.... read more »

Lewis Hamilton's father, Anthony, has filed high court papers against his former client Paul di Resta at the London High Court for wrongful termination of contract and... read more »

As the final pleas are expected in the trial of Formula One's former chairman Gerhard Gribkowsky, BayernLB wonders whether the German's £27.5m 'payment' was... read more »

Ferrari’s F1 auction, set up to help those affected by the recent earthquakes in Italy, has raised an impressive 1.8 million euros (£1.5m). The natural... read more »

McLaren is poised to offer Lewis Hamilton an enhanced pay deal in an effort to retain its all-UK line-up beyond 2012. read more »

Bernie Ecclestone reveals that he declined the opportunity to run the family trust at the heart of the £27.5m payment to banker. read more »

Speaking at the trial of former BayernLB banker Gerhard Gribkowsky, Bernie Ecclestone has admitted paying £27.5m in order to keep the German's silence. read more »

Taxpayers in Texas could no longer be obliged to fund the returning Unites States Grand Prix, with a new four-million dollar (£2.5m) deal having been proposed between... read more »

The IndyCar Series will offer up a $5 million prize fund to any driver from outside the championship who enters and wins the season finale at Las Vegas read more »

Winning the Formula One Constructors' Championship don't come cheap. Just ask Red Bull Racing owner Dietrich Mateschitz... read more »