Marussia team boss John Booth says there was no alternative but to terminate Luiz Razia's race contract for the 2013 Formula 1 season, with the Brazilian driver running... read more »

Losing a contracted driver on the eve of the season is never a good thing, but by landing Jules Bianchi Marussia has ended up with a stronger line-up, in terms of on-track... read more »

Marussia team boss John Booth said the squad had to drop Luiz Razia having previously released Timo Glock in order to secure its financial future read more »

Jules Bianchi will replace Luiz Razia at Marussia for the 2013 season. Bianchi, who had been in the running for a seat at Force India but lost out to Adrian Sutil, had been in... read more »

Luiz Razia's place on the Formula One grid is under threat after 'financial problems' resulted in him missing the last test at Barcelona... read more »

Adrian Sutil returned to the cockpit of a Formula 1 car on Thursday, the first time he's done so since he was dropped by Force India 452 days ago. The Silverstone based... read more »

The Ferrari Board of Directors, under the chairmanship of Luca di Montezemolo, has been told that the company posted record results in 2012, the best ever trading period in its... read more »

Boss and co-owner Vijay Mallya's financial problems do not affect Force India, deputy team principal Bob Fernley insists. This week, it emerged that lenders to... read more »

McLaren team principal Martin Whitmarsh has warned that seven of the 11 teams on the grid are in "survival mode" due to the economy. Whitmarsh, who is also chairman... read more »

The majority of F1 teams are struggling financially, according to McLaren team principal Martin Whitmarsh. Whitmarsh, who is also chairman of the Formula One Teams Association,... read more »

Martin Whitmarsh estimates that seven of the 11 Formula One teams are in financial difficulties as advertising and sponsorship take a hit... read more »

More than half of the teams in Formula 1 have serious financial problems, according to McLaren boss Martin Whitmarsh. read more »

The Force India F1 team isn't affected by its shareholders current financial troubles, deputy team principal Bob Fernley insists. News that co-owner Vijay Mallya's... read more »

Mercedes' new head of motorsport Toto Wolff believes a top four finish in the Constructors' championship would mark a good year for the Anglo-German outfit in 2013.... read more »

Former Marussia driver Timo Glock believes the team will struggle with an all-rookie line-up in 2013. Glock raced for the team between 2010 and 2012 but stood aside in order... read more »

McLaren team principal Martin Whitmarsh says the current pay driver situation is sad for the sport. Several drivers on the 2013 grid owe their positions down to their financial... read more »

Niki Lauda says Mercedes can now fight the top three teams in 2013, despite their woes last season which saw them finish fifth in the constructors' championship. The... read more »

McLaren team principal Martin Whitmarsh has hit out the amount of pay drivers in Formula One at present, and says some of them are "fundamentally not good enough" to... read more »

Ross Brawn has downplayed fears that F1 is facing a financial crisis, saying there are always one or two teams who struggle more than others... read more »

Mercedes team principal Ross Brawn has played down fears that the current financial difficulties Formula 1 is facing are a sign of impending crisis. read more »

Marussia boss Graeme Lowdon says his team is financially "more comfortable than ever" ahead of the start of the 2013 Formula 1 season read more »

Mercedes' spending on its Formula 1 team has spiralled, according to its latest corporate accounts for the 2011 financial year. The Anglo-German outfit spent... read more »

UBS, a major sponsor of Formula One, could be considering pulling out of the sport. The Swiss based global financial services company entered F1 in 2010, powered by its then... read more »

Luiz Razia will race for Marussia in 2013, joining Briton Max Chilton, according to Brazilian media. The 23-year-old has been in negotiations with seveal outfits, including... read more »

The German Grand Prix will go ahead as planned at the Nurburgring this season, following successful negotiations between the promoters and Bernie Ecclestone. The agreement... read more »