Formula One Group

Sergio Marchionne, the new president of the Ferrari Formula One team and car company, has called on the motor-racing championship to undergo a “revolution” if it is to appeal more to younger fans.

Formula One chief executive Bernie Ecclestone has said he is in talks over the possibility of reintroducing a South African round to the motor-racing championship’s calendar.

Financial services company Bayerische Landesbank and Bernie Ecclestone, the chief executive of the Formula One motor-racing series, have filed lawsuits against each other this week, according to the Bloomberg news agency.

CVC Capital Partners, the controlling shareholder of the Formula One Group, has announced the appointment of former Ferrari chairman Luca di Montezemolo and former Diageo chief executive Paul Walsh to the motor-racing series’ board, and has confirmed that Bernie Ecclestone will continue as the sport’s chief executive.

McLaren Group chief executive Ron Dennis is set to regain control of the company’s Formula One team after Bahrain’s sovereign wealth fund Mumtalakat agreed to sell a portion of its stake in the motor racing outfit to its former team principal.

Formula One chief executive Bernie Ecclestone has rejected speculation concerning his future at the helm of the motor racing series and has revealed any ambitions from Qatar to join the calendar are likely to be curtailed by the terms of the sport’s existing race contract with Bahrain.

Paul Walsh, the former chief executive of multinational drinks company Diageo, has reportedly been approached over the possibility of becoming the new chairman of the Formula One Group.

The Korean Grand Prix is set to return to the Formula One calendar in 2015 after being listed as a surprise inclusion on a provisional calendar that swells to a record 21 races.

Formula One teams are to stage a summit meeting later this month in an effort to address the ongoing cost crisis that has engulfed the motor racing competition.

Formula One team Caterham could be allowed dispensation to take part in the 2015 season of the motor racing championship with its 2014 car as potential buyers circle around the stricken outfit.

Former Danish government minister Helge Sander has said the country is in talks to host a Formula One race

As Bernie Ecclestone's tenure as the head of Formula 1 comes to an end, we revisit a piece from 2014 in which senior stakeholders in Formula One identify the 10 qualities that made him so successful

Margrethe Vestager, the European Commissioner for Competition, will “look into” allegations by British politician Anneliese Dodds that the FIA, motorsport’s global governing body, may have breached an anti-trust settlement by holding a stake in the Formula One world championship, according to Forbes.

Qatar is in talks to host a Formula One motor-racing grand prix, according to the championship’s chief executive, Bernie Ecclestone.

Ferrari has named Maurizio Arrivabene as its third team principal this year in a move that marks the latest stage of senior management upheaval at the Formula One motor racing and car company.

Formula One’s smaller teams have stated their belief that progress is being made on the subject of revenue distribution in the motor-racing series, while the sport’s chief executive, Bernie Ecclestone, has moved to clarify controversial comments over the importance of the youth market.