In the FIA's International Sporting Code, the governing body has increased the maximum fine an F1 competitor can be handed from €250,000 to one million euros.The update... read more »

F1 drivers have given their reaction to the news that the FIA can now give fines of up to €1 million. read more »

Former Formula 1 chief executive Bernie Ecclestone has pleaded guilty to fraud over £400 million that he failed to declare. read more »

Bernie Ecclestone, the former boss of Formula One, has pleaded guilty to a criminal tax fraud charge for failing to declare more than £400 million ($492 million) of overseas... read more »

Formula One's bottom four teams have each been handed a $20 million capital expenditure boost to help put them on a more level playing field with better-equipped rivals. read more »

The Alpine Formula 1 team have revealed a profit of £26.2 million (US$31.6 million) for the 2022 year, showcasing significant advancements and fiscal success. read more »

Existing teams could stand to lose $11 million per year in prize money if Andretti are successful in their bid to enter F1. read more »

The Aston Martin Formula 1 team faced a substantial financial challenge in the 2022 season, reporting a loss of £53 million. read more »

New Williams team boss James Vowles has passionately sought to give the team a way to catch up on its ageing Grove base's facilities.Under F1's financial rules teams... read more »

Liberty Media, the owner of the Formula 1 group, announced on Wednesday, 6 September that it had acquired a greater than 90% stake in QuintEvents to bolster its Formula 1... read more »

Carlos Sainz and Lando Norris have teamed up to back a new €50 million athlete-driven investment fund alongside Valtteri Bottas and a whole host of athletes from other arenas.... read more »

The FIA Cost Cap Administration has confirmed that all ten teams on the Formula 1 grid were compliant with the financial regulation for the 2022 season. The cost cap, which... read more »

Each team will receive a certificate of compliance for meeting the cap between 1 January 2022 and 31 December 2022, which stands at a base of $135 million plus extras.This... read more »

Haas has this week announced that it will retain driver duo Nico Hulkenberg and Kevin Magnussen for 2024.Team principal Guenther Steiner praised their experience, with Haas... read more »

Charles Leclerc has given his reaction to rumours over the F1 summer break that he signed a record-breaking five-year deal with Ferrari worth £160 million. read more »

Leclerc originally committed his future to Ferrari with a five-year deal in 2019.False stories then emerged over the summer break suggesting he had inked a new £150 million... read more »

Aston Martin have continued their progress towards developing a new Silverstone headquarters for their Formula 1 team, as drone footage shows the next phase of its construction. read more »

Williams team boss James Vowles has been seeking greater capital expenditure freedom for his squad, after discovering that its facilities are well down compared to many... read more »

Closing the deficit to Red Bull has been made a more difficult task due to the introduction of Formula 1's cost cap, believes Ferrari team boss Frederic Vasseur. F1 has... read more »

Red Bull is several million pounds below the F1 cost cap for the 2022 season, according to team principal Christian Horner. read more »

Christian Horner has revealed Red Bull were "several million" below the F1 cost cap in 2022, amid ongoing fieldwork from the FIA into last year's financial... read more »

Stefano Domenicali believes Formula 1 teams that are caught breaking the championship’s cost cap rules should face sporting sanctions rather than financial penalties. Latst... read more »

Valtteri Bottas has joined Lewis Hamilton in becoming the owner of a spectacular Mercedes road car worth $2.7 million. read more »

Fernando Alonso has finally sold his Ferrari Enzo at auction, with the buyer in question paying a whopping €5.4 million for the sought-after supercar. read more »

Esteban Ocon believes the $218 million investment in Alpine by a group including Ryan Reynolds can help the team become an F1 race-winning operation. read more »