Last year, F1 teams agreed to slash the championship's planned cost cap from $175million to $145million starting in 2021, followed by a further $5million year-on-year... read more »

Williams unveiled its new car for the 2021 season last week, presenting a heavily-revised livery that saw it adopt a striking new white, blue and yellow colour scheme.The FW43B... read more »

Mattia Binotto is confident Ferrari will have a much better 2021 season than in 2020 after improvements to the power unit and a reduction in drag on the SF21. read more »

Formula 1's TV audience suffered a slight dip in 2020, a trait organisers have attributed to a reduced calendar, but enjoyed strong growth on social media platforms. On... read more »

Due to the pandemic, Ferrari team principal Mattia Binotto thinks that the staff cuts under the new F1 budget cap must be reviewed. read more »

Distaste for the drag reduction system (DRS) and doubt over Ferrari's ability to make a better engine - the pick of the PlanetF1 comments... read more »

As we prepare for race weekend at iconic Spa, find out why drag reduction matters so much at one of the fastest circuits in the world... The full episode of Tech Talk is... read more »

Doctors treating Alex Zanardi are to begin "the reduction of sedation" almost a month after the former Formula 1 driver and CART champion was admitted to hospital. read more »

The amount of COVID-19 testing F1 personnel must complete has been reduced, but Ferrari sporting director Laurent Mekies says the series isn't taking a risk. read more »

Guenther Steiner says the reduction of the budget cap from next year onwards could tempt new manufacturers to join the Formula 1 grid. read more »

Only five Formula 1 drivers will compete in the final round of its Virtual Grand Prix series this weekend, a reduction on recent numbers. Formula 1 has arranged virtual events... read more »

McLaren Group has posted a substantial year-on-year reduction in revenue for the first quarter, with its Formula 1 team also suffering, ostensibly due to the coronavirus... read more »

Formula 1 says it will work with teams and partners to assist with losses that will be incurred due to the pandemic, but warned it won't be "handing out candy."... read more »

Liberty Media's financial figures for the first quarter of 2020 have revealed the Formula 1 Group has been hit by a 84% reduction in revenue due to the COVID-19 crisis read more »

Formula 1 bosses will meet this week to discuss a reduction of the budget cap figure to $145m in 2021. read more »

The incoming budget cap will be set at $145 million according to Ross Brawn, a reduction on the original figure of $175 million read more »

At the start of the drag reduction system's tenure in Formula 1, multiple teams attempted to double its fun with novel and complex solutions. Mercedes' version... read more »

McLaren CEO Zak Brown says Ferrari's arguments against a major budget cap reduction to save smaller teams are 'contradictory' and 'don't stack up' read more »

Ferrari has warned Formula One against making knee-jerk changes to its financial regulations as a result of the coronavirus pandemic. read more »

Ferrari has warned that it could turn its back on Formula 1 and quit the sport if a reduction in the level of a planned budget cap is too extreme read more »

Formula 1 teams and bosses are to meet next week to discuss a proposal to reduce the sport's budget cap to $130m (£104.6m) by 2022. read more »

The latest F1 gossip starts with Ross Brawn giving his backing to lowering the team cost cap suggested by McLaren boss Zak Brown. read more »

McLaren's Zak Brown says a "couple of teams" are "playing with fire" by resisting a further Formula 1 cost cap reduction, and warned they could end up... read more »

Ferrari boss Mattia Binotto is open to a reduction in the cost cap for 2021, but says Formula 1 should avoid making "emotional" decisions in response to the COVID-19... read more »

Formula 1 could impose an engine development freeze on the current powerunits as an emergency measure if there needs to be a further dramatic reduction in costs to save teams read more »