Motorsport

Toto Wolff, executive director of business for Formula One front-runners Mercedes, has begun the process of reducing his interest in rival team Williams by agreeing a deal to sell a stake of his shares in the British outfit to American healthcare entrepreneur Brad Hollinger.

World Touring Car Championship (WTCC) promoter Eurosport Events has announced that the motor-racing series will race on Germany’s legendary Nürburgring Nordschleife circuit in 2015 as part of a new three-year deal.

Former Formula One driver Jarno Trulli has announced he will enter a team into motor-racing’s new Formula E Championship.

Automobile Club de l'Ouest (ACO), the creator and organiser of the 24 Hours of Le Mans endurance motor-racing event, has extended a deal with the FIA, motorsport’s global governing body, to stage the FIA World Endurance Championship.

Ferrari president Luca di Montezemolo has asked Formula One chief executive Bernie Ecclestone to bring together the motor-racing series’ key stakeholders to discuss its long-term future, amid fears the sport is neglecting fans and sponsors.

Reigning World Rally Championship (WRC) title-holder Volkswagen has made a long-term commitment to the motor-racing series by stating that it will continue to compete for the next five years.

Montreal’s long-running Canadian Grand Prix will retain its place on the Formula One calendar after city authorities announced that an agreement in principal has been reached with the motor-racing series’ chief executive Bernie Ecclestone on a new 10-year race deal.

Formula One motor-racing team McLaren has moved to deny reports than Honda will seek to enhance its forthcoming partnership by acquiring a stake in the British outfit.

Formula One motor racing outfit Caterham has distanced itself from suggestions that the team is up for sale.

Formula One chief executive Bernie Ecclestone has ruled out an imminent return of the French Grand Prix despite recent talks between the Circuit de Nevers Magny-Cours and Formula One Management (FOM).

Formula E organisers have announced that Long Beach will replace Los Angeles as one of two US races for the debut season of the world’s first fully-electric motor-racing series.

Organisers of the Race of Champions have abandoned plans to reschedule the 2013 edition of the motorsport event after they were unable to find an alternate date.

The French Grand Prix could return to the Formula One calendar in 2015 after Serge Saulnier, chief executive of the Circuit de Nevers Magny-Cours, said the facility is in talks over a race deal with Formula One Management (FOM).

The Formula E motor racing series has received a boost ahead of its debut season with its promoter securing fresh investment totalling €50m ($69.5m) from existing partner Qualcomm and private equity fund Amura Capital.

The International Motorsport Federation (FIA) and race promoters have maintained that Formula One’s inaugural Russian Grand Prix remains on course for its October debut in Sochi, despite ongoing concerns about the crisis in Ukraine.

International Motorsport Federation (FIA) president Jean Todt has labelled the cost-cutting proposals put forward by Formula One’s leading teams as a “joke”, adding that he is now seeking the input of the sport’s smaller outfits.

Russian Grand Prix organisers have denied reports that Formula One’s inaugural race in the country is in danger, while Azerbaijani officials have rejected suggestions that Baku could step in to replace Sochi on the 2014 calendar.

Gerard Lopez, owner of the Lotus Formula One motor-racing team, has called for a rethink of the championship’s prize money structure if F1 is to retain all of its current teams.