Formula One teams and FIA agree cost cuts

Formula One teams and the sport's governing body said Tuesday that they had agreed "significant" cost savings for 2009 and 2010. The International Automobile Federation (FIA) said in a joint......

Formula One teams mull $1 million Friday jackpot

Formula One drivers could compete for a $1 million Friday jackpot as part of a revamp of grand prix weekends, McLaren chief executive Martin Whitmarsh has suggested. "We (the teams) are looking at......

Hispania quit Formula One teams body FOTA

Hispania (HRT) are no longer part of the Formula One Teams Association because they failed to pay their membership dues, the body's general secretary said on Monday. A spokeswoman for the......

Honda set to exit Formula One

Honda are pulling out of Formula One motor racing and will close their team down if no buyer is found by the end of the year, a senior source at a rival team told Reuters. There was no official......

Formula One shuts down for summer break

Kimi Raikkonen will be rallying in Finland and championship leader Jenson Button competing in a triathlon this weekend while their Formula One teams shut up shop for two weeks. Tired mechanics and......