Telmex will continue to sponsor Sauber, despite the Swiss team losing Mexican Sergio Perez to McLaren. Perez made his debut with the Hinwil based team last year with Mexican... read more »

Force India owner and team principal Vijay Mallya believes fifth in the constructors' championship is now an unrealistic target for the Silverstone based team. Mallya had... read more »

A 41-year-old man in Britain faces jail after pleading guilty to trying to blackmail formula one boss Bernie Ecclestone. The Telegraph reported that the man, who works as a... read more »

Vijay Mallya, co-owner of the Sahara Force India outfit, believes the introduction of stricter budget controls, knows as the resource restriction agreement (RRA), will ensure... read more »

Billionaire Red McCombs insists that he is committed to the long-term success of the Austin USGP project, despite ongoing wrangles over his shares. read more »

Lotus is the “biggest surprise” of the 2012 season so far, Red Bull’s team owner Dietrich Mateschitz has admitted. In an interview with... read more »

Saudi Arabian billionaire businessman Prince Alwaleed bin Talal, one of New Corp's biggest investors, admits interest in F1 investment. even though he is no fan of the sport. read more »

The Sauber F1 team has confirmed a new sponsor in the form of Premier League Football Club, Chelsea FC. The football team, owned by billionaire Roman Abramovich, has entered... read more »

Texan billionaire Red McCombs has less than a week to decide whether he wants to sell his 20% stake in the holding company of the Circuit of the Americas (COTA) track in Austin. read more »

Mar.18 (GMM) Nico Hulkenberg has played down the link between Vijay Mallya's struggling Indian airline Kingfisher and the billionaire's formula one team Force... read more »

Co-owner Indian billionaire Vijay Mallya may be in the press a lot right now over woes with his Kingfisher airline but, in contrast, Force India has the wind beneath its wings. read more »

Dietrich Mateschitz has left open the door to Mark Webber receiving a new contract to keep racing with Red Bull beyond 2012. The Australian is the only significant member of... read more »

Feb.2 (GMM) F1 team owner Dietrich Mateschitz has donated a staggering EUR 70 million to a medical research university in his native Austria. The local 'Salzburg... read more »

Jan.30 (GMM) Force India's new investor Subrata Roy wants the Silverstone based team to be like Red Bull. That is the claim of fellow Indian billionaire Dr Vijay Mallya,... read more »

Oct.30 (GMM) Vijay Mallya has flagged Abu Dhabi in two weeks as the accelerated deadline for the announcement of Force India's 2012 driver lineup. The billionaire had... read more »

Oct.13 (GMM) Some in the F1 paddock reacted "with cynicism" to Vijay Mallya's sale of almost half of the Force India team. Just last week, the Indian... read more »

Oct.12 (GMM) Despite boss Vijay Mallya's recent denials, the part-sale of Silverstone based Force India was confirmed late on Wednesday. The team will be renamed Sahara... read more »

Oct.10 (GMM) Success is helping Red Bull to lower its formula one team budget, owner Dietrich Mateschitz revealed on Monday. The Austrian billionaire was speaking the day... read more »

Billionaire Dietrich Mateschitz says he has no plans to sell his Toro Rosso outfit, despite him owning two teams, the other being championship leaders, Red read more »

Aug.24 (GMM) A group of Russians have scammed former F1 team boss Flavio Briatore to the tune of EUR 86,000. According to the Unione Sarda newspaper, they got off a... read more »

Aug.10 (GMM) Vijay Mallya has admitted the new Buddh circuit in New Delhi might not be completed by the time of October's inaugural Indian grand prix. But the... read more »

Jul.14 (GMM) Ferrari will evaluate Sergio Perez during a test with the Italian team's 2009 car later this year. Mexican rookie Perez, backed strongly by Mexican... read more »

Red Bull team owner and billionaire Dietrich Mateschitz says Mark Webber was right to fight Sebastian Vettel at the British Grand Prix for second place. The read more »

According to some news sources, Rupert Murdoch’s News Corp is in talks to purchase F1 with Mexican billionaire Carlos Slim also linked to the negotiations. Sky News... read more »

Rupert Murdoch’s News Corp is in the early stages of discussions with regards to forming a consortium to acquire control of Formula 1, according to Reuters. It is believed... read more »