The former Honda Formula One team has been saved and will race this season as Brawn GP under new owner Ross Brawn, the renamed team said in a statement on Friday.
A deal has been reached with Formula One teams to avoid a breakaway series next year, FIA president Max Mosley said on Wednesday. Mosley and eight teams had been at loggerheads over his plans to introduce a budget cap for 2010.
Lewis Hamilton said he was disappointed but not depressed Tuesday after a court rejected McLaren's appeal to have the Formula One leader reinstated as Belgian Grand Prix winner.
Formula One faces its biggest crisis in 40 years and must act immediately to cut costs further, International Automobile Federation (FIA) president Max Mosley said on Thursday.
McLaren's attempt to reinstate Lewis Hamilton as Belgian Grand Prix winner will be heard by Formula One's court of appeal in Paris on September 22, the governing FIA said on Friday. Championship leader Hamilton was stripped of victory after race stewards at Spa ruled he had gained an advantage from cutting a chicane while challenging Ferrari's Kimi Raikkonen for the lead.
Formula One's governing body has ditched a controversial rule that led to drivers being penalised for pitting during the early stages of the safety car being deployed in a race. The revised rule will now allow the pits to stay open, with new software regulating the speed of drivers returning to refuel.
Kenyan Surinder Thathi, one of the three stewards at the Belgian Grand Prix on Sunday where British driver Lewis Hamilton was stripped of victory, said on Tuesday there was no conspiracy against the McLaren team. "There was no conspiracy against anybody, McLaren included. We acted professionally and within the FIA rules. Hamilton took a short cut inside of the corner while off the track," Thathi said.
The former champions have been summoned to appear before Formula One's governing body on a charge of having McLaren technical information in their possession.
Formula One teams will cut their costs by almost a third next year under a package of measures approved on Friday to secure the sport's future in the face of the global credit crunch. The governing International Automobile Federation (FIA) said in a statement that independent teams would see engine costs halved in 2009.
Reaction to the death of three-times Formula One champion Niki Lauda, who died on Monday at the age of 70
Jenson Button will be favourite to clinch a third win in three races at this weekend's Chinese Grand Prix after the row over the legality of his Brawn GP car's diffuser was settled in the team's favour.
Ferrari agreed on Friday to end legal action against McLaren over last year's spy scandal for the good of Formula One.
Ferrari agreed on Friday to end legal action against McLaren over last year's spy scandal for the good of Formula One.
MRTPC has suspected cartelisation amongst low-cost fliers over fixing of air fairs. It has called for a probe into the matter.
Six-time national rally champion Naren Kumar will debut for an Indian team, 'Team Sidvin India', in the 2008 FIA World Rally Championship, in the Production Class in June, in Greece.
Doubts about Force India being able to race at Spa, the first Grand Prix since the August break, emerged on Wednesday with reports of legal complications.
The Ferrari driver was confirmed as 2007 F1 world champion after a court rejected a McLaren appeal that could have handed Lewis Hamilton the title instead.
Vietnam is a growing market for sponsors such as brewer Heineken and would be a fifth Asian race on the calendar, making up for the departure of Malaysia.
Fisichella joins Force India for its debut F1 season, bringing extensive Formula One know-how to the team. A veteran of 12 FIA Formula One World Championship seasons, with three victories and almost 300 points to his credit, his experience will help the team achieve its long-term aims.
India's National Stock Exchange has emerged as the fastest-growing bourse among the world's ten largest derivative exchanges as its total traded volumes nearly doubled in 2007. NSE registered a growth of 95.32 per cent in its F&O volume in 2007 to close to 380 million as against about 194 million in 2006. NSE's growth was the quickest among the ten largest derivative exchanges, followed by 50.36 per cent increase in trading volumes at Bolsa de Mercadorias & Futuros of Brazil.
The Formula One season starts in Melbourne on March 16 with drivers adapting to cars without traction control and some new rules.
Stewards summoned Lewis Hamilton after complaints about his erratic driving behind the safety car in a wet Japanese Grand Prix.
The visit of CBI Director Vijay Shankar to Pakistan was cancelled following the car bomb blast outside the Indian Mission in Kabul and India accusing Pakistan of the Inter Services Intelligence's role in the same. Shankar was slated to leave for Islamabad on Monday along with a team of officials from the home and external affairs ministries for a meeting with Pakistan's Federal Investigating Agency.
Formula One's governing body warned on Thursday that the sport is "becoming unsustainable" and invited teams to come up with new rules to slash costs and halve fuel consumption by 2015. Mosley said the matter is urgent, with the teams' proposals needing to be ready within three months and the FIA prepared to step in and prepare new rules for 2011 if a majority of the teams did not show agreement.
The FIA has announced a ten-year freeze on engine development, from 2008-2017.
Four years after entering Formula E racing, Mahindra comes out with a racing car designed for the e-racing circuit. Rajesh Karkera/Rediff.com reports.
Motor racing chief Max Mosley, fighting to keep his job after a sex scandal, defended his behaviour, saying he is "the victim of a disgusting conspiracy". In a letter addressed to Peter Meyer, head of Germany's ADAC Automobile Club, the International Automobile Federation (FIA) president said his actions had been "harmless and completely legal".
Triple world champion Jackie Stewart defended McLaren on Tuesday after Formula One's governing body opened an investigation into the team's Monaco Grand Prix victory.
The Grand Prix is scheduled for September 28 on public roads around the downtown Marina Bay area, making it Formula One's first street race in Asia.
McLaren have formally lodged an appeal against the decision not to penalise three drivers in the Brazilian Grand Prix because of fuel irregularities.
Formula One supremo Bernie Ecclestone described abuse of Lewis Hamilton in Spain as an "isolated incident".
McLaren were stripped all of their points in the 2007 Formula One constructors championship and fined $100 million in the spying case.
Ron Dennis likened his Italian Grand Prix weekend to a "difficult, emotional rollercoaster" and even as he said it, the McLaren boss knew that the stomach-churning ride was far from over.
Bleeding Indian carriers, which suffered another setback in the form of a 7 per cent-hike in aviation turbine fuel (ATF) prices on Tuesday, have decided against raising fares this month. This is the first time this year that the carriers are not increasing prices in spite of a hike in ATF rates.
The Formula One season will stretch to 19 races next year with Abu Dhabi making its debut as the final Grand Prix in mid-November, the sport's governing body said on Wednesday. The International Automobile Federation (FIA) published the draft calendar, which starts in Australia on March 29 and has one more race than in 2008.
Lewis Hamilton will have to pay $335,700 for his licence to race in Formula One in 2008.
Renualt's Fernando Alonso alleged the FIA was helping Michael Schumacher win his eighth world championship.
The Formula One season starts in Australia on March 17 with new regulations, changed lineups, a trio of young rookies fresh from Formula Two and the comeback of Poland's Robert Kubica.
Poland's Robert Kubica will be replaced in the US Grand Prix by German teenager Sebastian Vettel after failing a medical.
An inquiry had been launched with officials under fire for issuing CNICs without legitimate documentation.
