Formula 1

4:10 PM ET AUSTIN, Texas — Red Bull and motorsport’s governing body, the FIA, are negotiating the punishments for the team’s breach of Formula One’s 2021 budget cap. Red Bull is believed to have overspent by around $1.8 million last year, which constitutes a “minor” breach of the financial regulations. Red Bull is the only
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Oct 20, 2022 The Haas Formula One team will have payments and money transfer company MoneyGram (MGI.O) as their title sponsor from next season in a multi-year deal that will provide a welcome infusion of cash for the series’ only U.S. based outfit. The backing was officially announced at a coffee shop in downtown Austin
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8:29 AM ET Cape Town will host a round of the electric Formula E championship next February, joining India’s Hyderabad and Brazil’s Sao Paulo as three new venues on a 2023 calendar, the series said on Wednesday. The Feb. 25 race will be Formula E’s debut in South Africa and the fifth of 17 rounds
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1:31 PM ET With glitzy new races in Miami and Las Vegas, it would be easy to forget or overlook just how important Austin’s Circuit of the Americas (COTA) has been for Formula One’s push to be relevant in the United States. Last year’s carnival-like event at COTA was confirmation of the extent F1 has
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10:42 AM ET Formula One teams who spend more than allowed by the rules are effectively cheating and should face stiff sporting and financial penalties, McLaren boss Zak Brown wrote to FIA, F1’s governing body. The BBC reported details of the letter on Monday and McLaren confirmed they were correct. Championship leaders Red Bull, who
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10:25 AM ET IndyCar’s Alex Palou will drive for Formula One team McLaren in opening practice at the U.S. Grand Prix on Friday, Oct. 21. Palou will take the place of outgoing driver Daniel Ricciardo, who will then resume driving duties for the rest of the event. 1 Related Palou, who joined the McLaren racing
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