Formula 1's Managing Director of Motorsports Ross Brawn says he feared the championship would have lost manufacturers had a budget cap not been introduced. Formula 1... read more »

McLaren's financial struggles have been reflected in their Q1 financial records for 2020, reporting a revenue loss of £175million in the first quarter. read more »

McLaren has backed the changes made to Formula 1's Financial Regulations but says the restructure will lead to the "painful task" of reducing headcount. Formula... read more »

Formula 1's budget cap has been reduced for the 2021 season following a unanimous agreement between all 10 teams, the FIA's World Motor Sport Council confirmed on... read more »

Ferrari has clarified comments made by team boss Mattia Binotto and asserted that the squad remains committed to racing in Formula 1. Formula 1 is to introduce a budget cap of... read more »

F1 managing director, Ross Brawn is confident that enforcing the $175m budget cap from next season will be made easier by teams self-policing. read more »

Though McLaren will be able to achieve the $175m budget limit to be introduced in 2021, Andreas Seidl warns that his team must be "realistic" about the spending war... read more »

Formula One bosses are planning to introduce a spending cap of $175m a year from 2021. read more »

Formula 1 set for $175m cost cap from 2021 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 »