Motorsport

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.

Motorsport industry supplier Capricorn Group has acquired Germany's Nuerburgring racetrack for more than €100m ($137m).

Ferrari ace Fernando Alonso is the most marketable driver in Formula One ahead of the start of the 2014 season of the motor-racing championship, according to sports marketing company Repucom.

Jean Todt, president of the FIA, has said motorsport’s global governing body remains focused on introducing a cost cap system into Formula One next year, despite opposition from team owners who believe the concept is unworkable.

Norges Bank, which manages Norway’s $850bn (€620bn) sovereign wealth fund, has been told by the country’s politicians to answer questions on its acquisition of a stake in the Formula One motor racing series in May 2012.

Buenos Aires has formalised its commitment to the new Formula E motor racing championship by signing a three-year race deal.

Motor racing series the World Endurance Championship (WEC) has appointed the Craig Company as its permanent representative in the North American territories.

An investor group led by Miami-headquartered buyout firm HIG Capital is closing in on a deal to acquire historic German race track the Nuerburgring, according to the Reuters news agency.

Azerbaijan is set to secure a spot on the Formula One calendar, according to the motor-racing championship’s chief executive, Bernie Ecclestone.

Long Beach officials are today set to debate the merits of returning a Formula One motor racing event to the Californian city.