Drivers and teams are charged a fee to participate in the world championship based on their results from the previous year, with a flat fee adding to a set amount per point... read more »

Newly released documents reveal that F1 is set to receive $27m in tax money previously withheld by the Singapore government. read more »

Tavo Hellmund has revealed that his £22m ($27m) bid for the Manor F1 team was rejected. read more »

Lewis Hamilton is closing on a new Mercedes deal reportedly worth £27 million a year and he expects it to be closed this week read more »

Lewis Hamilton and Mercedes are set to sign a new deal which will see the current championship leader staying with the Anglo-German outfit until 2018. It's believed the... read more »

World champion Lewis Hamilton expects to sign a new Mercedes contract this week that could be worth more than £27m a year. read more »

Despite being lined up for a €26.95m severance package, outgoing Ferrari chairman Luca di Montezemolo still shed a few tears as he said goodbye to employees in Maranello read more »

Red Bull and Sebastian Vettel's domination of Formula 1 in 2013 was the primary cause for a reduced television audience, according to an official report. The 2013 Global... read more »

Formula One teams face a massive 150 per cent hike in the cost of their 2014 engine supply when the sport switches to turbo-charged V6 power units. At present, engine supply to... read more »

Bernie Ecclestone's admission to Pitpass' business editor Christian Sylt has attracted worldwide media coverage but some reporters don't yet seem to understand... read more »

Bernie Ecclestone, CEO of the Formula One Group and head of commercial rights holders Formula One Management (FOM), has admitted to paying a bribe of 44 million dollars... read more »

Bernie Ecclestone has admitted to Pitpass' business editor Christian Sylt that he did pay German banker Gerhard Gribkowsky £27m. read more »