Motorsport

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.

Bernie Ecclestone will not be removed from his role as chief executive of Formula One for the time being at least, according to CVC Capital, the private equity company that operates the motor-racing championship.

The Formula One Teams' Association (FOTA) has been disbanded due to the “changing political and commercial landscape” in the motor racing series.

Formula One supremo Bernie Ecclestone has hit back at criticism of the scheduling of this season’s United States Grand Prix from a local Nascar race organiser, highlighting the difficulties involved in drawing up a calendar for a “world championship” versus that of a “domestic series”.

North American stock car racing series Nascar and Mexican entertainment company Grupo CIE have signed a 10-year agreement for the Mexico-based Toyota Series to continue to operate under the Nascar banner through the 2023 season.

How do you solve a problem like Bernie Ecclestone?

A damages claim filed by media company Constantin Medien against Bernie Ecclestone was rejected this (Thursday) morning, but a UK High Court judge did say that the Formula One Group chief executive paid a bribe amid the sale of the motor-racing business in 2005.

Formula One motor racing team Lotus has confirmed an extension of its chassis-engine partnership with French automotive group Renault.

For the first time, NASCAR has become the majority owner and operator of a circuit, Iowa Speedway. Barry Wilner finds out what plans it has for the venue.

The Bahrain International Circuit (BIC) celebrates its Formula One 10-year hosting anniversary in April by switching to a night race. Elisha Chauhan finds out the rationale and commercial implications.