McLaren has won the right to claim a corporation tax deduction on the UKP32 million fine that it was handed for its involvement in the 2007 spying controversy with Ferrari read more »

Pastor Maldonado has declined to commit to Williams for next season, knowing that a loss of his substantial backing from Venezuela could compromise the drive. State-owned... read more »

Greece has set aside almost EUR 30 million to subsidise the construction of a formula one circuit, the country's development ministry said. Bloomberg reports that, despite... read more »

Greece has shown its intent to launch an F1 bid after Ministry of Development said it has unblocked a subsidy worth €28.9 million to build an international-standard race track read more »

Greece has elected to unblock a subsidy of 28.9 million euros (£23m) for the construction of an international standard racing circuit, the Ministry of Development has... read more »

Multiple authoritative media sources in Britain and Germany are reporting that the respective futures of Lewis Hamilton and Michael Schumacher will finally be announced on... read more »

Formula One teams will have to dig deep if they're to compete next season, under a new proposal put forward by the FIA. The governing body has proposed an increase in the... read more »

The Melbourne government hopes to renew its contract to host the Australian Grand Prix, which is set to expire in 2015, but only under more favourable terms. The event,... read more »

Melbourne keen to keep the Australian GP beyond current deal but only on reduced terms after figures reveals $56 million of subsidies for the 2012 race read more »

The Circuit of Wales will be applying for planning permission next month, a venue spokesperson has confirmed to GPUpdate.net. The proposed track, based in the Rassau Industrial... read more »

McLaren has upped its offer to Lewis Hamilton in a bid to retain the 2008-champion for 2013 and beyond. Mercedes have reportedly offered Hamilton upwards of £12... read more »

McLaren has slightly upped its monetary offer in a late bid to secure Lewis Hamilton’s services for 2013, according to multiple British newspapers. The Daily Mail... read more »

Bernie Ecclestone claims Lewis Hamilton had made his mind up regarding his future at McLaren, and was "definitely going to move" to Mercedes not matter. The... read more »

He didn’t even score a point, but Timo Glock’s performance in Singapore on Sunday could be worth as much as EUR 10 million. The experienced German finished... read more »

The organisers of the Singapore Grand Prix have announced an extension to their contract to host the race on the streets of the city until at least 2017. The current deal had... read more »

Williams Grand Prix Holdings (WGF1) has announced its half-year interim results, with an increase turnover by 57% to £73 million from £46.4m in 2011.... read more »

Jenson Button has revealed he is “disappointed” Lewis Hamilton gave away McLaren secrets last weekend at Spa. In trying to show his million Twitter... read more »

At least four drivers could be in the running to race the banned Romain Grosjean’s black and gold Lotus at Monza this weekend. F1 veteran turned Indycar driver Rubens... read more »

Charles Pic’s management will reportedly meet with representatives of the Force India and Sauber teams this weekend at Spa. According to RMC Sport, the 22-year-old... read more »

The former CEO of Group Lotus, Dany Bahar, has decided to sue his former employer and new owners DRB-Hicom for wrongful dismissal. Bahar was removed from his position... read more »

Organisers of the United States Grand Prix, to be held at the Circuit of the Americas in Austin, are certain they followed the correct process in order to take advantage of... read more »

The British Racing Drivers’ Club (BRDC), owners of Silverstone, are on lookout for a cash injection of 150 million pounds, according to The Telegraph. The next phase... read more »

Officials at the Nurburgring are confident F1 will return to the venue next year after the circuit secured funding from its local government to help service its €330 million loan read more »

The Nurburgring has been given a major financial boost from the local government which may help secure its future on the Formula 1 calendar. The circuit's future looked... read more »

Following on from their cut-out Formula 1 car video, which hit a staggering one million YouTube hits in a matter of days, Sauber has released its next feature. This time,... read more »