BMW AG, based in Munich, Germany, is pleased to announce today that Qadbak Investments Ltd, a Swiss-based foundation which represents the interests of certain Middle East and European-based families, has agreed to purchase the BMW Sauber F1 Team, based in Hinwil, Switzerland.
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The return to the Formula 1 calendar of the Grand Prix of Canada in 2010 is still not assured, politicians in Montreal insist.
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The French carmaker Renault has reportedly offered to replace the boss of its formula one team, Flavio Briatore.
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The garage currently occupied by BMW-Sauber will be replaced by a Malaysia-owned 'Lotus F1 Team' in 2010, formula one's governing FIA announced on Tuesday morning.
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Cosworth is an "option" for the Williams team in 2010, co-owner Patrick Head has been quoted as saying.
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Contrary to earlier reports, a contract for a Bulgarian grand prix in 2011 or 2012 has not yet been signed.
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Dr. Vijay Mallya insists there is no reason for Force India to reconsider its current driver line-up ahead of the 2010 season.
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Grand Prix F1 du Canada Inc. today announced that the commercial dispute between it and Formula One Administration (FOA), which had been ongoing since last fall and led to the cancellation of the 2009 edition of the Canadian Grand Prix, has now been settled.
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After appearing trackside at Monza, Sir Richard Branson's next stop on the formula one calendar will be the Abu Dhabi finale.
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For the first time, two-time World Champion Fernando Alonso has been implicated as being part of the Nelson Piquet 'crash-gate' scandal.
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Dietrich Mateschitz has contradicted Red Bull Racing's boss and drivers by admitting that the team's 2009 world champion challenge is now over.
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Stefano Domenicali on Sunday failed to quell the intense speculation about the futures of top F1 drivers Kimi Raikkonen and Fernando Alonso.
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BMW-Sauber has a buyer for its Hinwil based team, should the FIA grant it the thirteenth spot on the 2010 formula one grid. That is the claim of the Swiss newspaper Sonntagsblick, although team founder and minor shareholder Peter Sauber was giving nothing away at Monza when he said: "The negotiations are at a crucial stage. I can't say anything."
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Lewis Hamilton admitted he made a mistake after crashing heavily out of a sure podium place on the last lap of Sunday's Italian grand prix. The reigning world champion had just set the fastest first sector of the entire race in pursuit of Brawn's Jenson Button, but lost the rear of his McLaren on the exit of the first Lesmo curve.
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The 2009 championship has become effectively a race between teammates, after the Brawns finished one-two at Monza and their title rivals at Red Bull had a poor Italian grand prix. "The man sat next to me here is obviously my big rival for the title now," said second placed Jenson Button, referring to his lead over winner Rubens Barrichello that shrank by 2 points to 14 on Sunday.
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Alain Prost is first in line should the 'crash-gate' scandal result in Flavio Briatore's departure from formula one as Renault team boss. The German magazine Auto Motor und Sport said Prost, the quadruple world champion and former owner and boss of an eponymous team, has been lined up by Renault should it need another manager for the Enstone based outfit.
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Not only did Rubens Barrichello not change is gearbox before the race, but he dominated the Italian Grand Prix to take his second victory in the three last events.
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If Jenson Button was not already feeling the pressure of his diminishing points lead, he should not read Christian Horner's latest comments. With Sebastian Vettel and Mark Webber both in the fight to hunt down the Brawn driver for the championship, the Red Bull team boss likened Button's situation to a soccer player about to blow an important match with a penalty shot.
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Max Mosley on Saturday dismissed as "fantasy" Ferrari and other FOTA members' desire to field three cars per team next year. Sir Frank Williams has already indicated that he will veto the suggestion, and the FIA president at Monza confirmed that the newly-signed Concorde Agreement does not include the possibility of three cars.
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F1 drivers on Saturday were warned about jumping over the new kerbs at Monza. Even though the kerbs were modified ahead of this year's Italian grand prix to prevent kerb-cutting, race director Charlie Whiting found the need to issue a caution to all teams on qualifying day.
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