The Lotus F1 Team has recorded losses of £64 million during the financial year of 2013 according to its latest accounts. The losses come just days after team co-owner... read more »

Days after team owner Gerard Lopez dismissed talk of financial problems at Lotus, 2013 accounts reveal a £64m loss for Enstone outfit. read more »

Ferrari team boss Marco Mattiacci says the Maranello outfit must be braver and embrace risk in its new era if it is to win titles in Formula 1 again. read more »

The signing of Max Verstappen signals end of the F1 road for Jean-Eric Vergne as the Frenchman becomes latest victim of Faenza outfit's pick 'n' mix approach. read more »

Esteban Gutierrez says he is hopeful that he will extend his Sauber stay into 2015, despite enduring a troublesome season with the Swiss outfit. read more »

Williams head of vehicle performance Rob Smedley believes the team is gradually "inching closer" to the dominant Mercedes outfit. The team is already eyeing its first... read more »

Daniel Ricciardo feels learning his trade at a backmarker outfit would be a good move for Red Bull junior driver Carlos Sainz Jr... read more »

Valtteri Bottas is confident Williams' current performance won't drop off next season and the team will be in a position to challenge at the front again. The outfit... read more »

Christijan Albers recently returned to Formula 1 as Caterham's new team boss, following a takeover by a group of Swiss and Middle Eastern investors. GPUpdate.net caught up... read more »

With Formula 1 currently on 'shut down' mode for the summer break, we take a look back at how the 11 teams have fared across the first half of the year, starting with... read more »

Romain Grosjean hopes the Lotus Formula 1 team can mimic 2009 world champion outfit Brawn GP and revive its flagging fortunes next season read more »

Ferrari has restructured its engine department in the wake of a disappointing season which has seen it unable to match Mercedes. The Italian outfit has removed engine chief... read more »

Force India team principal Vijay Mallya believes his outfit can catch Williams in the Constructors' Championship... read more »

The Caterham F1 Team has begun legal proceedings against a group of former employees who were recently sacked in a bid to reduce the outfit's budget and streamline its... read more »

The Caterham Formula 1 team says it is taking legal action against former staff for what it claims are "damaging" accusations made against the outfit read more »

Mercedes says it will hold internal discussions with its drivers after the outfit issued team orders during the Hungarian Grand Prix. read more »

Honda has big expectations for the 2015 season when it returns to Formula 1 as an exclusive engine supplier to the McLaren F1 team. The Japanese company is to focus its efforts... read more »

The Mercedes and Red Bull Formula 1 teams were surprised by the championship-dominating outfit's advantage over the rest of the field in practice for the Hungarian Grand... read more »

American Alexander Rossi has joined the Marussia F1 team in a reserve role after leaving Caterham earlier this month when the team was bought out and restructured. He... read more »

Lewis Hamilton isn't concerned by reports that Mercedes are considering replacing him with Sebastian Vettel in 2016. The German outfit has reportedly been in contact with... read more »

Lewis Hamilton insists he is not concerned for his long-term Formula 1 future at Mercedes, despite speculation linking Sebastian Vettel with the outfit. read more »

Romain Grosjean says he is willing to wait rather than making a hurried decision on his future in Formula 1. Grosjean has raced for Lotus since the start of 2012 but his... read more »

Force India team principal Vijay Mallya says he is pleased with how his squad has performed across the first half of the 2014 season. Force India has scored points in every... read more »

Fernando Alonso reckons Formula 1 rival Daniel Ricciardo is doing an "unbelievable" job since stepping up from Toro Rosso to the championship-winning Red Bull outfit read more »

The Infiniti Red Bull Racing outfit saw their drivers lock out the third row of the grid at Hockenheim, with Australian Daniel Ricciardo out-qualifying Sebastian Vettel in... read more »