Motorsport

Increasing payments to the sport’s 11 teams, plus a new agreement with the International Motorsport Federation (FIA), resulted in the profits of the Formula One motor racing series falling by $137m (€99.3m) to $286m on an underlying basis in 2013.

Series promoter IMG Motorsports has confirmed that the Argentinian city of San Luis will stage the final round of the inaugural season of the World Rallycross Championship.

Nascar team owner Gene Haas has said he is yet to decide whether to launch his new Formula One motor racing outfit in 2015 or 2016, but said he plans to “beat the Europeans at their own game”.

Sao Paulo officials have signed a six-year extension to their contract to host Formula One’s Brazilian Grand Prix, while Rio de Janeiro has been dropped as a venue for the new Formula E motor-racing championship.

Stefano Domenicali has resigned as Ferrari’s Formula One team principal, stating his decision has been made to “shake things up” following the iconic Italian outfit’s poor start to the 2014 season.

The International Motorsport Federation (FIA) has accepted the proposal of a new Formula One entry by Nascar team owner Gene Haas, adding that it is also considering another bid from the Forza Rossa organisation.

Russian sports car manufacturer Marussia Motors has relinquished ownership of its self-titled Formula One motor racing team and has ended its car making operations.

International Motorsport Federation (FIA) president Jean Todt has stated plans to introduce a cost cap system into Formula One next season have been abandoned, while the motor racing series’ chief executive Bernie Ecclestone has said F1 has agreed to admit two new teams.

Formula One chief executive Bernie Ecclestone has said a new US-based team could join the motor-racing series for the 2015 or 2016 season.

Flying in a helicopter over the Paul Ricard motor racing circuit, situated in the French village of Castellet between Marseille and Toulon, you really appreciate why motor sport is viewed as one of the most glamorous in the sports industry.

Formula E chief executive Alejandro Agag has revealed the new motor racing series is in talks to introduce street races in New York and Paris.

Organisers of motor racing’s World Endurance Championship (WEC) are holding talks to shift its calendar so that it becomes a winter series.

Elisha Chauhan finds out how one national touring car championship in South Africa has turned into a global solution for affordable racing.

Why Martini’s title sponsorship of Formula One team Williams could see other constructors sitting up and taking notice.

US motor racing series IndyCar is set to return to Brazil in 2015 with advanced talks underway for a new race in the capital city of Brasilia.

Italian automotive marque Ferrari has signed a licencing agreement with PortAventura Entertainment, a subsidiary of European investment group Investindustrial, to build a Ferrari Land theme park outside the Spanish city of Barcelona.