Romain Grosjean was surprised that both he and Kevin Magnussen were axed by Haas for 2021, a decision explained to him as a financial one. read more »

Romain Grosjean has revealed Haas team boss Guenther Steiner told him he needed two new drivers "for financial reasons". read more »

Romain Grosjean says Haas' decision to drop both of its drivers for the 2021 Formula 1 season was simply down to financial reasons. read more »

Romain Grosjean claims that he and teammate Kevin Magnussen were dropped by Haas for "financial reasons". read more »

Romain Grosjean says he was surprised when Haas Formula 1 boss Guenther Steiner told him that both current drivers would be dropped for 2021 for financial reasons read more »

Romain Grosjean says he was informed by Haas that the decision to retain neither him nor Kevin Magnussen for the 2021 Formula 1 season was taken for financial reasons. Grosjean... read more »

Outgoing Haas driver Romain Grosjean has revealed the team's hunger for financial backing was the reason he has been axed along with team-mate Kevin Magnussen. read more »

McLaren says Formula 1's move to impose factory closures during the coronavirus lockdown period was key to its team not being held back by early year financial headaches read more »

McLaren believe the financial implications of the global health pandemic on Formula 1 will continue through to next year. read more »

Zak Brown has dismissed talk that McLaren's intention to sell its factory signals further financial difficulties for the Woking-based team. read more »

McLaren is set to put its Formula 1 and automotive factories up for sale in a bid to secure much needed funds as a result of the coronavirus pandemic. McLaren’s financial... read more »

McLaren Group are seeking a further financial boost by selling their Woking headquarters in a deal that could raise £200million. read more »

Mercedes-Benz Grand Prix Limited, the company which encompasses the Mercedes-Benz AMG Formula 1 team, has released its latest financial results for 2019, which shows it spent... read more »

Although he signed the Concorde Agreement, Toto Wolff feels' Mercedes success has not be "recognised in terms of the financial split". read more »

Claire Williams is confident the team's new owners have the financial firepower and wherewithal to take the former champions up the field, although remained coy about her... read more »

Toto Wolff believes Formula 1 is set for the "biggest transition" in its history through the upcoming changes to the technical and financial structure of the sport read more »

AlphaTauri team boss Franz Tost believes the idea of what defines a constructor is "out of date", especially given the world's financial situation. read more »

Formula 1 has produced its 2020 Q2 financial figures - and unsurprisingly, due to the global health pandemic, revenues plummeted and a big loss was incurred. read more »

Toto Wolff says he won't comment on the financial side of Lewis Hamilton's contract renewal, but says the Brit understand the "world has changed a lot". read more »

Mercedes is “the biggest victim” in Formula 1’s latest Concorde Agreement according to Toto Wolff, which would result in a major financial hit for the German manufacturer.... read more »

Ferrari has revealed it will take a financial hit "in the high tens of millions" on its Formula 1 operations this year. read more »

Haas Formula 1 team boss Guenther Steiner insists that he wasn't disappointed to lose all four Americas races from the 2020 calendar, despite their importance to team... read more »

Racing Point team principal Otmar Szafnauer believes the fact the team now has substantial financial support has enabled it to mix with the big teams in Formula 1. read more »

Officials at Hockenheim have confirmed that Formula 1 will not visit the circuit this year, citing financial concerns, and restrictions imposed due to the coronavirus.... read more »

While the pandemic has highlighted the fragility of some teams, indeed the sport itself, moving forward such measures as the budget cap give cause for optimism. read more »