The FIA has granted all F1 teams an extra allowance with which to improve the infrastructure of their factories.The top teams can spend an extra $6m, the middle-ranking outfits... 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 »

The other teams have also been given smaller extra spending limits in an effort to reach a consensus for an agreement. CapEx became a talking point this season as the FIA... read more »

Reports suggests that McLaren is seeking between $20m (£15.7m) and $30m (£23.5m) in damages from Alex Palou after the Spanish driver reneged on his contract for 2024. read more »

Hamilton created Mission 44, which has aims to improve diversity in F1 and the wider motorsport world, in 2021 in the aftermath of the Black Lives Matter protests witnessed... read more »

Ex-F1 supremo Bernie Ecclestone has advised Lewis Hamilton to accept a £20 million payoff and quit F1 after his underwhelming start to the 2022 campaign. read more »

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

Formula 1 champion Lewis Hamilton launches a charitable foundation to "support, champion and empower young people from under-represented groups". read more »

Formula 1 world champion Lewis Hamilton has made a personal pledge of £20million to launch a new charitable foundation to support underrepresented groups in the UK. read more »

Lewis Hamilton has made a personal pledge of £20m as F1's seven-time world champion launches a new charitable foundation to support underrepresented groups in the UK. read more »

Lewis Hamilton has announced the launch of Mission 44 to empower youngsters from underrepresented groups in the UK. read more »

Reigning Formula 1 World Champion Lewis Hamilton has announced the launch of a new charitable foundation, called Mission 44, and has pledged an initial £20m from his personal... read more »

Seven-time F1 champion Lewis Hamilton has launched a new charitable foundation with a personal pledge of £20million. read more »

Lewis Hamilton's reported demands for a £40m per season pay cheque will not be met by Mercedes with Toto Wolff only willing to go up to £20m. read more »

Spa's first DRS zone will be 20 metres shorter this season but the track will still have two zones, unlike Silverstone and Hockenheim. read more »

The future of the United States Grand Prix at Circuit of the Americas could be put in doubt after an administration error has caused the circuit to miss out on much needed... read more »

In a career spanning more than 100 Grands Prix, Romain Grosjean has experienced the highs of reaching the podium several times and the lows of facing heavy criticism from his... read more »

McLaren have reportedly offered Red Bull's Daniel Ricciardo a deal worth $20million a year to join them from next season. read more »

Mercedes never held talks with Max Verstappen despite reports claiming they had put together a £20m-a-year package to lure him away from Red Bull. read more »

Ferrari and Mercedes have stepped up their interest in Max Verstappen following his Malaysian Grand Prix victory, according to the London Evening Standard. read more »

The annual list of what each driver is earning has been released by Business Book GP, and whilst Fernando Alonso might not be doing so well on the track, his bank account... read more »

Lewis Hamilton has been named the wealthiest British sportsman following a successful season in 2014 which saw him crowned a two-time world champion. The Mercedes driver has... read more »

Formula 1 World Champion Lewis Hamilton has again been named as the UK's wealthiest sportsman. In the annual Sunday Times Sport Rich List, Hamilton topped the pile with a... read more »

If the Manor Formula 1 team (formerly Marussia) fails to find a buyer or investor within two weeks, the hope of making the 2015 grid is over according to team boss John Booth.... read more »

Force India's financial future isn't in jeopardy according to deputy team principal Bob Fernley, despite the team's name featuring heavily when it comes to... read more »