It's F1 summer shutdown so Leandra is in our virtual studio today! Find out what Lewis and Nico have been up to during their summer break and we want you to tell us which... read more »

Despite best efforts, new Australian GP chairman John Harnden says hosting the F1 grand prix will continue to cost about $50 million a year... read more »

The future of the Italian Grand Prix looks to be secure with news that a new deal will be agreed sometime in "early September". The event, held at the Autodromo... read more »

Fernando Alonso is currently the highest paid driver on the Formula 1 grid, earning a reported %u20AC35 million from McLaren... read more »

The annual list of what each driver is earning has been released by Business Book GP, and whilst Fernando Alonso might not be doing so well on the track, his bank account... read more »

Ferrari and Williams have agreed a deal which will see Valtteri Bottas replace Kimi Raikkonen in 2016, Italian media reports. Williams have an option on the Finn for next... read more »

McLaren's Fernando Alonso and Jenson Button have been granted an additional engine each without penalty following a change to the sporting regulations. During... read more »

Since 2008, Join the Pact has been activated in over 40 countries, collecting over 2.4 million commitments and delivering 1.2 million kilometres of safe rides home. With the UK... read more »

FIA president Jean Todt has finally admitted that engine costs in Formula 1 are far too high following the switch from V8 engines to hybrid turbo-V6 power units. The Frenchman... read more »

Kimi Raikkonen has hit out at the media for reporting "bullshit" claims that he could face a pay-cut if he wants to remain at Ferrari in 2016. The straight-talking... read more »

Almost one million people now like our Sky Sports F1 Facebook – your social media destination for all the latest Formula 1 news and debate. read more »

Former FIA president Max Mosley has labelled the amount Formula 1 drivers are now being paid as 'absurd'. The Briton's comments come after news that Lewis... read more »

Max Mosley says driver salaries in Formula 1 have become 'absurd' amidst reports that Lewis Hamilton's deal is worth up to £100 million. read more »

FIA president Jean Todt says the governing body cannot ban alcohol advertising in Formula 1, despite repeated calls from Eurocare: The European Alcohol Policy Alliance. Three... read more »

Formula 1 looks set to head down the customer car avenue within the next few years after the matter was discussed at length during a recent Strategy Group meeting. Whilst a... read more »

One hundred million pounds sounds like a lot of money. To most of us, that's because it is. But for those rarefied individuals who are accustomed to negotiating in the... read more »

Ferrari received by far the largest prize money payout last year, $164 million (£104m), despite finishing just fourth in the Constructors' Championship. Meanwhile... read more »

The Sauber Formula 1 team has thrown its support behind former FIA president Max Mosley's proposal for a budget cap with a twist. The 75-year-old called upon the sport to... read more »

Former FIA president Max Mosley has urged Formula 1's rule-makers to consider a budget cap once again, amid an ongoing financial crisis which has somewhat been swept under... read more »

Valencia, former home to the European Grand Prix, could return to the Formula 1 calendar in the future if a Singapore based development consortium gets its way. The venue,... read more »

Lewis Hamilton has been named the wealthiest British sportsman following a successful season in 2014 which saw him crowned a two-time world champion. The Mercedes driver has... read more »

Pirelli's Paul Hembery has called for changes to the sport which would make drivers the stars of the show once again, rather than a focus on complicated technology. His... read more »

Lewis Hamilton is closing on a new Mercedes deal reportedly worth £27 million a year and he expects it to be closed this week read more »

Lewis Hamilton and Mercedes are set to sign a new deal which will see the current championship leader staying with the Anglo-German outfit until 2018. It's believed the... read more »

Niki Lauda is saddened by the loss of Mercedes' home race - the German Grand Prix - which has been a feature of the Formula 1 calendar every year since 1956. The race has... read more »