After switching from multiple title winner Mercedes, Vowles has admitted some surprise regarding facilities that he said in certain areas were 20 years out of date. It was why... read more »

Formula One's bottom four teams have each been handed a $20 million capital expenditure boost to help put them on a more level playing field with better-equipped rivals. read more »

New Williams team boss James Vowles has passionately sought to give the team a way to catch up on its ageing Grove base's facilities.Under F1's financial rules teams... read more »

Former Mercedes head of strategy Vowles took control of the Grove outfit in February as the replacement for ex-Volkswagen motorsport boss Jost Capito, who left after two... read more »

Failure to reach an agreement on capital expenditure sees Toto Wolff hit out at the "bandwagon" mentality of rivals. read more »

Williams team boss James Vowles has been seeking greater capital expenditure freedom for his squad, after discovering that its facilities are well down compared to many... read more »

Williams team principal James Vowles has led the quest for extra leeway on investment spending within the cost cap restrictions in order to allow the Grove outfit to update its... read more »

Williams team principal James Vowles is not happy with his rivals as capital expenditure talks fail to be resolved. read more »

With its factory lagging behind that of rivals Williams has been the main voice in a push to allow teams extra CapEx [capital expenditure] headroom in order to bring their... read more »

F1's new financial rules have been hailed as a success at reining in spend by bigger teams since they were introduced in 2021, but problems have since emerged - including... read more »

While the power unit rules have already been fixed, everything related to the chassis is still under discussion, and inevitably part of the focus is on cost reduction.Gearboxes... read more »

Tom Garfinkel, the managing partner of Miami's new F1 event, had originally targeted making a profit from the off with his race around the Miami Dolphins stadium.But... read more »

Formula 1 generated increased income in 2018 compared to the previous year, but an expenditure hike meant that the organisation made a bigger loss overall read more »

Renault would back a cost cap in Formula 1 if it was the best way to reduce teams' expenditure, says its chief technical officer Bob Bell read more »

Ron Dennis believes the current Formula 1 regulations do nothing to reduce costs, instead make the expenditure within the sport rise. View the original post at Ron Dennis:... read more »

Paul Hembrey, motorsport director of Pirelli, has admitted that the budget for their Formula 1 efforts mirrors that of a fully fledged team. Pirelli will soon find out whether... read more »

With the current cost crisis sweeping its way through the sport - something that's more obvious than ever with the collapse of two teams; Caterham and Marussia, in the... read more »

The level of spending of Formula 1's top teams is unsustainable in the long term, reckons Mercedes motorsport chief Toto Wolff. read more »

Niki Lauda says Mercedes can now fight the top three teams in 2013, despite their woes last season which saw them finish fifth in the constructors' championship. The... read more »

Mercedes' spending on its Formula 1 team has spiralled, according to its latest corporate accounts for the 2011 financial year. The Anglo-German outfit spent... read more »

The Formula 1 paddock cut emissions by 6.9 percent between 2009 and 2011, according to environmental research organisation Trucost. Commissioned to carry out the study by the... 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 »

Formula 1 teams have agreed to scrap the mid-season test for 2013 and beyond after concluding it offered very little benefit. Mid-season testing had... read more »

Formula 1 teams have been allowed more time to finalise cost cutting proposals which the governing body hopes to write in to the 2013 technical regulations. The FIA confirmed... read more »

The FIA has confirmed it is actively seeking to implement cost-control measures for the 2013 season in a bid to see all 12 teams competing on a more level field. The governing... read more »