Belgian Grand Prix president Melchior Wathelet said Spa-Francorchamps' new Formula 1 contract reflects the series' desire to downsize to "eight GPs in... read more »

Toto Wolff has warned of the possibility Mercedes could downsize its customer power unit supply as the current arrangement is no longer financially "compelling". read more »

This year the cost cap drops from $145m in its first season to $140m, further limiting what teams can spend on R&D and building and running their cars.Tost says that the... read more »

This year F1 introduced an annual $145 million cost cap, followed by a further $5 million year-on-year reduction in subsequent seasons.The cap meant F1's largest teams... read more »

McLaren have confirmed that the motorhome that they bring to various races is to be downsized for the 2021 campaign. read more »

The three-storey Brand Centre had been a centrepiece of the F1 paddock since it first appeared back in 2007.It featured 13.5-metres of solar glass facade on the front and... read more »

Last year, F1 teams agreed to slash the championship's planned cost cap from $175million to $145million starting in 2021, followed by a further $5million year-on-year... read more »

Andrew Green says the budget cap will benefit Racing Point as other teams will need to downsize their workforce to comply with the regulations. read more »