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 »

Red Bull Formula 1 team principal Christian Horner has warned that several teams are at risk of missing the final few races of the 2022 F1 season because of the budget cap. The... 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 »

The Haas Formula 1 team says that it may be until July before it opts to bring updates to its 2022 challenger, the VF-22. This year, all teams are competing under a $140... read more »

Red Bull's Dr Helmut Marko has wondered if Carlos Sainz's recent crashes will impact Ferrari's development budget for the 2022 season. This year, all Formula 1... read more »

Ferrari is confident that Red Bull's development pace will slow down as the 2022 season carries on due to the sport's budget cap. Formula 1 teams are currently... read more »

ABC's live telecast of Sunday's inaugural Miami Grand Prix attracted a record average viewership of 2.6 million, the largest audience for a live F1 telecast ever on... read more »

Formula One's commercial rights holders Liberty Media are buying a plot of land in Las Vegas for $240 million to locate the pit and paddock complex for a grand prix next... read more »

The collection of 10 yachts on the inside of Turns 6, 7 and 8 of the Miami circuit, which are surrounded by special solid 'vinyl' water, have prompted a flood of... read more »

Reports emerged on Thursday that the seven-time Formula 1 champion and his tennis superstar friend Serena Williams could invest around £10 million each to the consortium that... read more »

Autosport revealed last week that Haas had rejected a request from its former title sponsor, Uralkali, for repayment of funds after its contract was terminated in the wake of... read more »

Lewis Hamilton is committing millions of pounds towards one of the bids to take over Chelsea F.C., according to report. Last month, Roman Abramovich announced that he was... read more »

Where once those outfits with the most money could simply write a big fat cheque to spend their way to bigger and better developments, now that is no longer the case.Primarily,... read more »

The Haas Formula One team has rejected former title sponsor Uralkali's demand for a refund of $13 million and asked for around $8.7 million in compensation from the... read more »

Italy has seized properties worth some €105 million ($114.45 million) owned by Russian former Formula One driver Nikita Mazepin and his oligarch father. read more »

Mick Schumacher's huge crash during qualifying for the Saudi Arabian Grand Prix could end up costing the Haas Formula 1 team up to $1 million.  read more »

Mick Schumacher's crash at the Saudi Arabian Grand Prix could have cost Haas a million dollars to rebuild the car. read more »

Mick Schumacher's crash in last weekend's Saudi Arabian Grand Prix qualifying could be a $1 million hit for Haas, according to team boss Guenther Steiner. read more »

Schumacher had been bidding for a spot in Q3 at Jeddah when he lost control of his VF-22 at the exit of Turn 10 - with the car spinning around and smashing into the concrete... read more »

With teams braced for a major development war as they bid to improve their new 2022 challengers, they are having to carefully judge their spending so they do not bust the $140... read more »

Mercedes chief technical officer James Allison has conceded its car is "falling short" in terms of its competitiveness as it continues to answer "the... read more »

The FIA and FIA Foundation has made a "€1 million contribution" to support the refugees fleeing Ukraine as the Russian invasion continues. read more »

F1's top teams have already had to cut back on spending this year with the budget cap limit reduced by $5 million to $140 million.But their finances are facing extra... read more »

Ferrari have announced that they will donate one million Euros to support the Ukrainians in need after the Italian car manufacturer also revealed that it has stopped building... read more »

Ferrari has announced it has donated €1 million to Ukraine in response to the war with Russia. read more »