Motorsport

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.

The Formula One motor sport series will retain a 19-race schedule next season after provisional plans to include events in New Jersey, Mexico and South Korea were scrapped today.

Specialist PR, marketing and editorial motor sport agency MPA Creative has been appointed as the official media agency for the inaugural FIA World Rallycross Championship, which launches next year.

Ticketmaster has been announced as the exclusive ticketing provider for the Australian Formula One and Motorcycle Grand Prix events.

The long-running saga over Formula One’s proposed race in New Jersey has taken another twist with Formula One Group chief executive Bernie Ecclestone saying that the US event has been removed from the motor racing championship’s 2014 calendar.

Just Marketing International (JMI) has announced that Formula One legends Sir Jackie Stewart and Niki Lauda have signed up motorsport marketing agency to represent their commercial interests.

Organisers of the Race of Champions motorsport event have announced the cancellation of this year’s edition in Bangkok due to political unrest in the Thai capital.

Organisers of Formula One’s Bahrain grand prix plan to host the event as a night race from next season onwards.

NASCAR has purchased the Iowa Speedway race track in an agreement effective immediately, following reports of financial trouble at the venue.

Mahindra Racing, the motor sports division of the Mumbai-based $16.2 billion conglomerate Mahindra Group, has become the eighth team to join the new FIA (International Motor Sport Federation) Formula E Championship.