European F3 and FIA F2 champion Schumacher was dropped by the Haas F1 team at the end of 2022 owing to a brace of seven-figure car-splitting crashes that forced the team to... read more »

The Faenza-based Formula 1 team today called AlphaTauri started life as Minardi, an underdog effort run on a fraction of its rivals' budgets that gave opportunities to... read more »

Following the pandemic and the war in Ukraine, inflation in several European countries has soared to its highest level in decades and the increased energy and transport costs... read more »

A dramatic rise in inflation and freight costs this year has put team budgets under pressure, and a number of squads are concerned that they are going to be unable to stay... read more »

It was perhaps inevitable therefore that with the implementation of the FIA financial regulations the focus would move towards how closely those new rules are being... read more »

Haas team boss Guenther Steiner believes the Formula 1 budgets across the grid are now covered by $20million. read more »

The FIA Formula 2 and FIA Formula 3 Championships have announced that both series plan to introduce cost-cutting measures from 2021 onwards to keep budgets under control. read more »

While a $145m cap is good news for Williams, Claire Williams feels sympathy for F1's bigger teams who will take a huge hit. read more »

McLaren say Ferrari are "living in denial" over their opposition to plans to lower Formula 1's budget cap. 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 »

With one of the smallest budgets in F1, Claire Williams says Williams would have benefitted from the budget cap coming into effect this season. read more »

Despite a large investment in the team from Lawrence Stroll, the Racing Point F1 Team still has one of the smallest budgets on the F1 grid, according to Otmar Szafnauer. read more »

With more than 40 years of experience of working in Formula 1, Gary Anderson has seen the pinnacle of the sport from both the inside and the outside. While we await more... read more »

Formula 1 teams are split on proposed changes to budgets in the sport, with new rules for 2021 supposed to be finalised by the end of June. read more »

A cost cap of $175million per year is set to be imposed on Formula 1 teams from the 2021 season, obliging Mercedes, Ferrari and Red Bull to trim their budgets read more »

With four races left in the F1 2018 season, there is every possibility that Haas F1 Team could overhaul Renault for fourth in the constructors’ championship. For a team that is... read more »

Esteban Ocon has praised Force India by stating the team could produce even bigger surprises with an equal budget compared to its manufacturer rivals in Formula 1. read more »

Ross Brawn has launched a scathing attack on Mercedes saying that it is in a "vicious loop of huge budgets" which is "not really sustainable". read more »

Volkswagen motorsport director Bernhard Gobmeier says Formula 1 is on a "dangerous path" with the current budgets involved read more »

FIA president Jean Todt says F1 must make rules which cannot be influenced by budgets as he is powerless to affect the amount the teams receive in commercial revenue. read more »

Valtteri Bottas says winning a world championship with Williams isn't impossible, but it's very difficult given their current position and budget compared to those... read more »

The FIA announced details from Thursday's F1 Strategy Group meeting in a press release on Friday afternoon, among the changes discussed are refuelling, wider tyres, louder... read more »

Zak Brown, founder and CEO of Just Marketing International (JMI), has warned that F1 must rein-in its spending. read more »

Williams' relatively small budget compared to Ferrari's is beginning to show according to Felipe Massa. The Brazilian believes the Grove outfit's budget deficit... read more »

Max Mosley says pitting F1 teams with massive budgets against those barely surviving is like giving the former a bigger engine to race... read more »