Monaco has signed a 10-year contract extension for its Grand Prix only weeks after Formula One's commercial supremo Bernie Ecclestone suggested the sport could live without the showcase race.
India's hopes of hosting a Formula One Grand Prix in 2011 are on track despite exchange control obstacles, according to Force India team owner Vijay Mallya.
The 2011 Indian Grand Prix has hit a roadblock with the promoters of the event failing to get the government nod for remitting the money they owe to the UK-based Formula One Administration.
The 2011 Indian Grand Prix, which seemed to have hit a road block, is back on track with the organisers dispelling fears of a delay in the country's tryst with its first Formula One race.
Red Bull joined champions Ferrari in agreeing to extend Formula One's existing commercial agreement to 2012 and turning their backs on a rival series.
Teams have been promised more money and Bernie Ecclestone has been retained as ringmaster in a restructuring of the sport.