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 »

Peter Sauber says there are no plans to sell a stake in his team to Mexican billionaire Carlos Slim read more »

McLaren Team Principal Martin Whitmarsh has paid tribute to Formula One supremo Bernie Ecclestone ahead of his 80th birthday today - and he has predicted that the... read more »