Lotus team owner Gerard Lopez has moved to allay fears that the team is struggling financially to such a severe degree that it might not make the grid. The Luxembourg... read more »

The FIA has confirmed it is seeking a 12th team to join the Formula 1 grid after opening up a selection process to find a new team for 2015. The regulations stipulate that 13... read more »

Fernando Alonso was named as an Honorary Ambassador of Marca España on Tuesday. The organisation, made up of Spanish companies and Public Administration bodies, is... read more »

The current Victoria state administration has said that it will be looking to reduce the amount it spends on hosting the Australian Grand Prix should a new contract be agreed... read more »

The Nurburgring may be struggling financially, but the regional administration is hopeful of retaining next year's German Grand Prix. read more »

A spokesperson for the Hockenheimring has explained to GPUpdate.net that the circuit is ready and willing to host a Grand Prix in 2013, with fellow German venue the... read more »

The HRT F1 Team has come in for further flack following the employee troubles it suffered a fortnight ago. A supplier to the now defunct Spanish outfit has publicly accused the... read more »

Hockenheim is ready to assume sole responsibility for hosting the German GP as the Nurburgring lurches towards administration... read more »

France's new sports minister sounds keen to see the country return to the F1 calendar. The previous administration, led by ex president Nicolas Sarcozy, pushed hard to... read more »

Lola Cars, which other than an illustrious history in Sports Cars, CART and all manner of other disciplines, including F1, has gone into administration. read more »

Lola Group Holdings, the parent company of Lola Cars International and Lola Composites, has been placed into administration. Blaming the economic crisis for a cash flow... read more »

Virgin Racing has announced a scheme with partner SMC University for a new signature course entitled Racing Team Administration. The eight-week programme targets individuals... read more »

Formula One Administration Ltd (FOA), the company behind Formula One's commercial interests, up until January 2011, has seen its turnover increase to $1.1bn... read more »

The total prize pool for F1 teams increased from $544m in 2009 to $658 million in 2010, according the accounts of Formula One Administration Ltd...  read more »

Formula One Administration (FOA) has confirmed record television figures for Sunday’s title-deciding Abu Dhabi Grand Prix, into which headed four drivers with a chance of... read more »