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Marussia hurting due to loss of Formula 1 income

Pat Symonds F1 veteran Pat Symonds has admitted Marussia's loss of Concorde Agreement revenue is really hurting the small team. Formula 1 boss Bernie Ecclestone announced recently that, from now on, only...
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Only top ten teams to be paid confirms Ecclestone

Bernie Ecclestone Bernie Ecclestone has made clear that Formula One will pay prize money to only the top 10 teams from the end of this season. Since 2010, payments have been made to the 11th and 12th-placed...
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Pirelli to put unwanted HRT F1 car for sale on eBay

Narain Karthikeyan in the 2011 HRT F111 Pirelli are planning to sell off a 2011 HRT Formula One car in a charity auction on eBay because nobody in the Italian tyre company wants to use it for promotional...
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De la Rosa had offers from Mercedes and McLaren

Pedro de la Rosa Ferrari test driver Pedro de la Rosa has revealed he had options also to sign a deal with Mercedes or McLaren for the 2013 season. The 42-year-old Spaniard left his role as McLaren's...
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Force India's Fernley slams CVC for milking F1

A senior Force India team member has lashed out at Formula 1's owner CVC, accusing the private equity firm of not being interested in developing the sport and in fact milking it for profit. The financial news...

Preview: Australian Grand Prix, Round 1 in Melbourne

Once again Melbourne extends its welcome to Formula One as Albert Park prepares to host the Australian Grand Prix – the opening race of the 2013 FIA Formula One World Championship. Sixteen weeks after...
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Senna not interested in back of the grid F1 teams

Bruno Senna Bruno Senna has suggested he preferred to bow out of Formula 1 than run around at the back of the grid with one of the back-marker teams Caterham or Marussia. Dropped by Williams after a single...
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Pirelli purchases 2011 HRT F1 car

Narain Karthikeyan in the 2011 HRT F111 Formula 1's official tyre supplier, Pirelli, has reportedly bought an old HRT F1 car for promotional purposes. This week, we reported that assets of the newly-defunct...
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Alguersuari: Formula 1 has become an auction

Jaime Alguersuari Former Toro Rosso driver Jaime Alguersuari vented his frustration at failing to secure a Formula 1 race seat for yet another years by claiming that the sport had become an auction for race...
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Parts recycler buys HRT remaining assets

HRT headquarters in Madrid Assets of the failed HRT Formula 1 team have been bought by  Teo Martin, a well-known automotive component recycler, has bought most of the valuable parts left over in the wake of...
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New Concorde deal helps keep Marussia in F1

Bernie Ecclestone No more Formula 1 teams are set to follow defunct HRT through paddock exit, Bernie Ecclestone insists. There has been speculation the economic situation in the sport and the wider world...