Formula One Group

India's Supreme Court has agreed to hear a petition seeking the cancellation of this weekend's Formula One Indian Grand Prix, because organisers have allegedly not paid entertainment taxes for the 2012 event.

Federation of Motor Sports Clubs of India (FMSCI) president Vicky Chandhok has called on the country’s government to help secure the Indian Grand Prix on the Formula One calendar.

Formula One’s Indian Grand Prix has so far only sold 20,000 tickets out of the available 68,000 for next weekend’s race, which will likely see Red Bull driver Sebastian Vettel crowned World Champion.

The Formula One South Korean grand prix promoter has revealed that its chance of remaining on the 2014 calendar is 50-50.

The International Motor Sport Federation (FIA) has formally approved a framework for a new commercial Concorde Agreement with Formula One Group.

Formula One supremo Bernie Ecclestone will not stand trial this year, following German prosecutors delaying legal proceeding for his bribery charges.

Formula One supremo Bernie Ecclestone has revealed why the Indian grand prix was pulled from next year’s calendar.

Leo Hindery Jr, organiser of the Grand Prix of America, says he remains optimistic that the Formula One race in New Jersey will take place next year despite comments by Bernie Ecclestone that it will be pushed back a season for financial reasons.

Formula One supremo Bernie Ecclestone has revealed that the inaugural Grand Prix of America in New Jersey “is not on the cards” for next year, due to the lack of funding raised by its organisers.

Formula One has extended its contract with managers of the Suzuka circuit for it to remain host of the Japanese grand prix until at least 2018.

The Silverstone race track – host of Formula One’s British grand prix – has reportedly been sold to a real estate firm.

The Russian Automobile Federation (RAF) has reportedly missed the deadline to apply for its scheduled Formula One grand prix in Sochi next year.

Formula One supremo Bernie Ecclestone and organiser of the Indian grand prix Jaypee Group have confirmed that the race will not take place in the 2014 season.

Private equity firm and Formula One owner CVC has reportedly refinanced a $2.5 billion loan with the Royal Bank of Scotland and Goldman Sachs.

Formula One paid just £1 million in corporation tax in the UK in 2011 despite profits in excess of £300 million, due to a series of complex tax arrangements, according to The Independent.

Formula One owner CVC Capital Partners will monitor CEO Bernie Ecclestone's bribery indictment by German prosecutors.