Michael Schumacher's 2003 championship-winning Formula One car has sold at auction for $14.8 million (£12.9 million). read more »

Michael Schumacher's classic Ferrari from 2003 has been sold at auction for £13 million ($15m) - making it the second-most expensive car ever. read more »

Michael Schumacher’s 2003 Formula 1 World Championship-winning Ferrari car has sold for a record price at auction. The car is now the most valuable F1 car in modern history... read more »

Christian Horner says that there could be at least six teams that are in breach of Formula 1’s budget cap in 2022. It was recently confirmed by the FIA that Red Bull had... read more »

Red Bull's breach of the cost cap limit in 2021 triggered a major controversy within F1 recently, with opinions divided in the paddock about how extreme the sanctions... read more »

Red Bull reached a settlement with the FIA over its £1.8 million breach of last year's budget cap ahead of the Mexican Grand Prix, arguing that it misinterpreted some of... read more »

Two-time Formula 1 World Champion Mika Hakkinen believes the negative publicity that Red Bull received following its cost cap breach will be enough to deter teams from... read more »

1997 Formula 1 World Champion Jacques Villeneuve believes that Red Bull’s cost cap breach shouldn’t fall under the category of cheating. Last month, the FIA confirmed that Red... read more »

Red Bull was hit with a £6 million fine and a 10% reduction in its aerodynamic testing allocation for the next 12 months after the FIA found it had breached the budget cap by... read more »

Ferrari has described Red Bull’s penalty for breaching Formula 1’s cost cap as "very limited", asserting it is not happy with the FIA’s ruling. On Friday, the FIA... read more »

Red Bull advisor Dr Helmut Marko says the team has been issued an "enormous competitive disadvantage" after the FIA confirmed its penalty for breaching the cost cap... read more »

The FIA announced on Friday it had reached an Accepted Breach Agreement with Red Bull over its alleged breach of last year's financial regulations.The agreement saw Red... read more »

The FIA announced on Friday in Mexico that it had struck an Accepted Breach Agreement with Red Bull after finding the team had exceeded the $145 million budget cap last year.... read more »

McLaren Team Principal Andreas Seidl says that he is not interested in listening to Red Bull's "fairy tale" explanation regarding its cost cap breach. On Friday,... read more »

Toto Wolff has provided comments on the recent ruling from the FIA, who punished Red Bull for breaching the sport’s budget cap last year. On Friday, it confirmed that Red Bull... read more »

It was announced today that Red Bull had signed an Accepted Breach Agreement with the governing body.As a result, it has been docked 10% of its aero testing for 12 months from... read more »

The FIA announced on Friday in Mexico that Red Bull had entered an Accepted Breach Agreement after it was found to have exceeded the $145 million budget cap in 2021.Red Bull... read more »

The FIA announced on Friday that it had struck an Accepted Breach Agreement with Red Bull after finding it had exceeded the $145 million cost cap through 2021.Red Bull was... read more »

The FIA revealed after the Japanese Grand Prix that both Red Bull and Aston Martin were in breach of F1's financial regulations for 2021, putting them at risk of... read more »

Red Bull has been handed a $7 million fine and a 10 percent reduction in windtunnel testing time for next season as punishment for breaching the 2021 budget cap. read more »

The FIA has confirmed that Red Bull has been issued a fine of $7 million and will have a 10 per cent time decrease to allocate to aerodynamic development in 2023 for breaching... read more »

Formula 1 is no stranger to controversial storylines, and 2022 has proven to be no different, with the recent emergence that Red Bull didn't comply with the budget cap... read more »

Red Bull team boss Christian Horner has hit out at Zak Brown and the letter he sent to the FIA, in which the McLaren boss asserted that breaching the sport’s $145 million... read more »

Red Bull is currently in talks with the FIA over a potential Accepted Breach Agreement after F1's governing body revealed last week that the team was in breach of the $145... read more »

The FIA announced last week that Red Bull was deemed to have breached the $145 million budget cap last year, something the team has strongly denied.The findings from the... read more »