The Texas and local Austin government have released funds from the Major Events Trust Fund (METF) to the organisers of the United States Grand Prix following the success of the... read more »

Greece has set aside almost EUR 30 million to subsidise the construction of a formula one circuit, the country's development ministry said. Bloomberg reports that, despite... read more »

The Melbourne government hopes to renew its contract to host the Australian Grand Prix, which is set to expire in 2015, but only under more favourable terms. The event,... read more »

Williams Grand Prix Holdings (WGF1) has announced its half-year interim results, with an increase turnover by 57% to £73 million from £46.4m in 2011.... read more »

Organisers of the United States Grand Prix, to be held at the Circuit of the Americas in Austin, are certain they followed the correct process in order to take advantage of... read more »

McLaren's title sponsorship with the world's second-largest mobile telecommunications company, Vodafone, may be at threat after the company revealed it is to review... read more »

With the current economic situation, cost cutting and budget controls within the sport is a major talking point. The FIA is even hoping to include cost controls within the 2013... read more »

Using the example of pay drivers, FIA President Jean Todt suggests that the global economic situation threatens almost half the current grid. read more »

Ferrari president Luca di Montezemolo has urged Formula One to hurry through cost cutting measures in light of the worsening economic situation in Europe read more »

The European Grand Prix held in Valencia is struggling to sell tickets despite a reduced capacity, which the organisers hoped would help the event to sell-out. The street... read more »

Ferrari president Luca di Montezemolo has called on Formula 1 bosses to take seriously the cost reduction measures the sport's governing body, the FIA, wants to introduce.... read more »

Ferrari President Luca di Montezemolo has called on the sport to take heed of the global economic situation if it to flourish. 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 »

Mar.7 (GMM) Pedro de la Rosa has defended the viability of struggling HRT, despite its new owners trying to build up a formula one team in the mist of a near-unprecedented... read more »

Mar.6 (GMM) Valencia president Alberto Fabra has admitted it is possible the Spanish port city will annually alternate its F1 race date with Barcelona. Amid Spain's... read more »

Feb.21 (GMM) Felipe Massa may have kept his seat at Ferrari for economic reasons. That is the view of Keke Rosberg, the 1982 world champion and father of Mercedes race driver... read more »

An annually alternating race date would be a “good” solution to Spain’s Formula 1 crisis. That is the claim of F1 chief executive Bernie... read more »

Valencia reportedly turned down an opportunity to safeguard Spain’s presence on the F1 calendar by alternating an annual date with Barcelona. Bernie Ecclestone... read more »

Catalunya's government says it may need to rethink the hosting of Formula 1 and MotoGP events given the difficult economic situation. read more »

Bernie Ecclestone has said that he would rather float Formula 1 on the Singapore stock exchange than sell the sport’s commercial rights within the current economic... read more »

Dani Clos feels he is ready to make the step up to Formula One, but concedes he "needs some support on the economic side"... read more »

Aug.27 (GMM) Rubens Barrichello has reportedly confessed that he might lose his seat at Williams due to the team's "economic problem". The Brazilian veteran on... read more »

The future of the Spanish Grand Prix at Barcelona beyond the 2012 season will depend on economic factors, according to Catalunya's president Artur Mas. read more »

The construction of the US Grand Prix site in Texas is set to have an enormous impact on sales activity within the local Austin area and state-wide economy according to a... read more »

Organisers of the returning United States Grand Prix for 2012 are confident that their event will yield a positive economic boost for the local area, with a brand-new facility... read more »