Motorsport

The Munich state court confirmed today (Thursday) that Formula One chief executive Bernie Ecclestone will face charges over payments to a German banker when the motor-racing series was sold to private equity group CVC Capital Partners in 2005.

Formula One team Lotus has confirmed that talks have ended with potential investor Quantum Motorsport, but chairman Gerard Lopez has maintained the motor racing outfit’s financial future is secure.

Ex-Formula One motor racing team Onyx Racing has joined forces with industrial coatings, aerospace and automotive manufacturing specialist Arlington Industries Group to enter a team in the World Touring Car Championship (WTCC).

Patrick Louis has stepped down as chief executive of Lotus as part of a senior management reshuffle at the leading Formula One motor racing team, according to the Autosport website.

Formula One Group chief executive Bernie Ecclestone has said he considered staging New Jersey's Grand Prix of America on a permanent track, rather than the street circuit that has suffered numerous difficulties in its development schedule.

The Austrian Grand Prix’s return to the Formula One calendar has been confirmed after local authorities gave their approval for their event.

Ferrari president Luca di Montezemolo has expressed his doubts that a cost cap will be the correct method to address escalating spending in the Formula One motor racing series.

Russian Grand Prix organisers have announced the appointment of Abu Dhabi GP mastermind Richard Cregan to oversee preparations for the country’s inaugural Formula One race in Sochi this year.

Qatari telecommunications group Ooredoo has announced a sponsorship deal for 2014 with the country’s multi-sport star Nasser Al Attiyah.

Indy Racing League, the operators of the IndyCar motor-racing series, have filed a lawsuit against the company responsible for promoting the Sao Paulo Indy 300 event in Brazil.

Formula E has received a boost ahead of its launch next year, with the announcement that US investment fund Causeway Media Partners has injected $21m (€15.4m) into the motor racing championship.

The FIA, motorsport’s global governing body, has launched a tender process seeking expressions of interest from would-be new teams for a potential slot on the Formula One grid from the 2015 or 2016 season of the motor racing championship.

German banking group BayernLB is planning to bring a $400m (€294m) damages claim against Formula One Group chief executive Bernie Ecclestone in London next month, according to the Reuters news agency.

Formula One will again attempt to introduce a budget cap from the start of 2015, as the motor racing series announced controversial plans to revamp its season finale.

Hollywood superstar Leonardo DiCaprio has been announced as a co-founder of Venturi Grand Prix, the proposed 10th and final team for the new Formula E motor racing championship.

Jean Todt has been re-elected for a second four-year term as president of the FIA, the governing body of world motor sport.

Motor sport’s global governing body the FIA and series promoter IMG Motorsports have announced the event calendar for the inaugural World Rallycross Championship.

The Formula E motor racing championship has finalised its calendar for its debut season, with Rio de Janeiro stepping in to replace Hong Kong on the 2014-15 schedule.