Liberty Media, a US based media and communications company with interests in Atlanta Braves baseball team and satellite radio service Sirius XM, said it would buy the cash-rich sports Formula One Racing for $4.4 billion.
Kuwait is building a world-class Motor Town which will feature seven racing circuits that would enable the country to host Formula One and MotoGP races in the future, according to a report.
Under a KD49-million ($162.27 million) contrac
Thales, a global leader in IT and cybersecurity solutions, and Formula One team Williams have entered into a new technical partnership.
As part of the agreement Thales will deliver state-of-the-art cybersecurity solutions fo
McLaren's Fernando Alonso failed a medical and was ruled out of the Bahrain Grand Prix on Thursday with the after-effects of a huge crash in Australia, paving the way for Belgian reserve Stoffel Vandoorne to make his Formula One debut.
Formula One bosses have agreed to ditch the new qualifying format after it was roundly panned at the season-opening Australian Grand Prix and revert to the old system for the second race of the season in Bahrain.
The new format, b
Formula One could have new owners by the end of the year with three parties currently interested, the sport's commercial supremo Bernie Ecclestone said on Tuesday.
"Our shareholders at the moment are basically in such a p
Formula One is as safe as it has ever been but danger will always be part of the sport, commercial supremo Bernie Ecclestone said on Sunday after the death of French driver Jules Bianchi.
"If you were to choose to have an acc
Formula One's commercial rights holders CVC Capital Partners are under no pressure to sell their controlling stake in the sport and want to keep it, co-chairman Donald Mackenzie told Reuters on Saturday.
He would not comment o
Nissan’s Light Commercial Vehicles (LCV) extended its support to the Infiniti Red Bull Racing Team at Bahrain Formula One Grand Prix.
The firm provided a total of eight Nissan Urban NV350, said a statement.
Ferrari put a dismal 2014 Formula One season behind them on Sunday with a tactical masterclass that allowed Sebastian Vettel to upset the odds and sweep to victory at the Malaysian Grand Prix.
"After the difficulties of last