Formula 1

4:35 AM ET ESPN and Reuters Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction, Williams Grand Prix Holdings (WGPH) said on Friday. The company published annual results showing WGPH’s Formula One revenue slid to £95.4 million ($117.6 million) in 2019, down from
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5:28 AM ET Renault says it plans to stay in Formula One despite the French car manufacturer undergoing a major restructuring process that will see 15,000 layoffs worldwide. 1 Related The team’s future in F1 has become a source of speculation for several months after it failed to meet its on-track goals last year as
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5:11 AM ET Audi sacked German driver Daniel Abt from their Formula E team because he “made a conscious decision to go against the rules” in an esports competition, the German carmaker said on Wednesday. Abt, who announced on Tuesday he had lost his seat, was punished for getting a professional gamer to compete for
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5:19 PM ET Mercedes’ parent company, Daimler, has denied it is planning to quit Formula One after a speculative report in Germany claimed a plan had been hatched to sell the team to Aston Martin owner Lawrence Stroll next year. 1 Related The report in Auto Bild and on F1insider.com claimed Mercedes team boss Toto
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