Formula One approved a small increase to its $140 million per team annual budget cap on Friday to help with the burden of inflation and rising energy and freight bills. read more »

F1 introduced its first set of financial regulations for the 2021 season, setting an initial budget cap for the year of $145 million per team. This dropped to $140m for 2022,... read more »

Several top teams have indicated that staying within the cap will be impossible as a result of inflation and rising freight costs, with Red Bull's Christian Horner... read more »

F1 introduced a budget cap at the start of the 2021 season, initially limiting teams to spending $145 million per year. This figure dropped to $140m for 2022 and will fall by a... read more »

F1's $145 million cost cap has come under increased pressure due to the rising inflation and energy prices as a result of Russia's invasion of Ukraine.Freight and... read more »

A dramatic rise in inflation and freight costs this year has put team budgets under pressure, and a number of squads are concerned that they are going to be unable to stay... read more »

Teams are currently in talks with the FIA and F1 about increasing the budget cap due to the pressures of inflation and rising freight costs resulting from Russia's... read more »

The debate about a tweak to the cap to reflect inflation levels around the world and rising freight costs has been going on since the start of the season.F1 managing director... read more »

Worldwide logistics complications triggered by the Ukraine war and the COVID-19 pandemic have led to global supply chain issues and widespread freight delays.MotoGP has already... read more »

With a potential of 23 races this season, Christian Horner has warned any slip-up could "wreak havoc" for the teams. read more »

Red Bull team principal Christian Horner has warned any loss of freight could "wreak havoc" on F1 due to its tight schedule this season. read more »

The rising costs of freight and electricity mean teams are reportedly at risk of failing to adhere to the cap. read more »

A Formula 1 race weekend could have its schedule impacted if freight delays continue, says Guenther Steiner. read more »

Haas team principal Guenther Steiner has insisted F1 is taking global freight issues "seriously" but has warned there are no guarantees of cargo reaching destinations... read more »

Amid ongoing worldwide problems with the shipping of cargo, F1 escaped a near miss ahead of the Australian Grand Prix when equipment from three teams risked not making it in... read more »

Formula 1's logistics partner DHL stepped in to save the race weekend for multiple teams. read more »

Amid worldwide freight delays that have been triggered by rising transport costs and the impact of the Ukraine war, shipments of equipment that teams had sent weeks ago risked... read more »

The Danish driver replaced the axed Nikita Mazepin at the Haas F1 team amid Russia's invasion of Ukraine, with the deal being confirmed on the eve of the second pre-season... read more »

The returning Kevin Magnussen set the fastest time of day two of testing in Bahrain, with the Dane using the extra hour allowed to Haas following their freight delays. read more »

A technical issue with a plane in Turkey that was bringing Haas's freight to Bahrain for the second test meant its cargo did not arrive until Tuesday evening.It forced... read more »

Haas has confirmed a schedule for how it will recoup the time lost after freight delays caused the team to miss the first session of testing in Bahrain. read more »

A technical issue with a plane in Turkey meant Haas's freight only arrived at the Bahrain International Circuit on Tuesday night, putting the team behind schedule.As a... read more »

The Haas Formula 1 team has been granted permission to run later in the evening across the three days of pre-season testing in Bahrain after encountering freight delays.  read more »

AlphaTauri's Pierre Gasly led the pack out of the pits when the first four-hour session of the three-day event got underway at 10am local time - the Frenchman's car... read more »

The Haas F1 team has been given permission to run their new VF-22 on Sunday after they were forced to miss the opening morning of pre-season Formula 1 testing in Bahrain. A... read more »