Ross Brawn has confirmed that a $145 million budget cap for 2021 is close to being agreed by Formula 1 teams. read more »

Formula 1 boss Ross Brawn says plans for a lower budget cap in 2021 are nearly finalised, adding the main sticking point surrounds how much it's reduced in subsequent seasons 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 »

Good news for McLaren and others wanting a lower budget cap, Ferrari has reportedly agreed to lowering the cap to $130m but only in 2023. read more »

The ABB FIA Formula E Championship is set to continue staging a race in Rome for a further five seasons after the Rome City Council agreed to host en E-Prix in the Italian capital. read more »

Ferrari has threatened to quit Formula 1 if the sport lowers the agreed upon budget cap to less than $150 million. read more »

McLaren has agreed a monitoring process with the FIA for its switch to Mercedes Formula 1 engines next year to ensure it does not make changes for extra performance gains read more »

Daniel Ricciardo has agreed to slash his Renault wages to help the Enstone team survive the financial crisis. read more »

The all-electric Formula E series has postponed for a year the introduction of its new Gen2 Evo car as part of cost-saving measures agreed unanimously by teams, manufacturers... read more »

Formula One's ten teams have agreed to extend their sport-wide factory shutdown by another two weeks as a result of the coronavirus pandemic. read more »

Chase Carey has agreed to take a voluntary pay cut, while around half of all Formula 1 staff have been placed on furlough. 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 »

Formula 1's 10 teams have agreed on a cut to the budget cap due to come into force in 2021, with talks ongoing to lower it 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 »

Carlos Sainz Jr and Lando Norris have agreed to take voluntary pay cuts in a raft of cost-saving measures put in place by McLaren amid the coronavirus crisis. read more »

Mercedes agreed to Formula 1's plan to ban DAS for 2021 despite this year's regulations remaining the same for next season. read more »

Mercedes has agreed to a plan not to allow DAS systems to remain in Formula 1 in 2021, despite emergency measures to roll over the current cars into next year read more »

McLaren Formula 1 driver Lando Norris has agreed to shave off his hair after raising more than $10,000 for the COVID-19 response fund read more »

Although the F1 teams have agreed to run this year's chassis next season, McLaren will be allowed to make the changes to accommodate the new Mercedes engine. read more »

The Formula 1 teams have agreed to give Liberty Media and the FIA full control over a revised 2020 calendar. read more »

Formula One's governing body, the FIA has confirmed that the sport has agreed to delay the technical overhaul for 2021 until 2020 due to the ongoing coronavirus crises. read more »

F1 teams have agreed to delay the planned regulation overhaul for 2021 until 2022 in the wake of the coronavirus pandemic.  read more »

Formula 1 has unanimously agreed to postpone the 2021 rules overhaul until 2022, as earlier reported by MotorsportWeek.com. The new rules package which was set to come into... read more »

Formula 1 has agreed to delay the introduction of its 2021 rules package until the 2022 season. read more »

All 10 teams have agreed to postpone the new proposed regulations until at least 2022 following a video conference call with the FIA on Thursday. read more »