McLaren accepted an unprecedented $100 million fine and loss of all their 2007 constructors' points.
McLaren may be willing to take a $100 million hit in the interests of Formula One, team boss Ron Dennis said.
Ferrari welcomed on Thursday a ruling by Formula One's governing body that stripped McLaren of their constructors' points and effectively handed the title to the Italian team.
Formula One leaders McLaren have accused rivals Ferrari of running an illegal car at the start of the season and making 'grossly misleading' statements in a spy controversy overshadowing the championship.
After Formula One's expected high profile entry into the country, Indian motorsport fans may get the opportunity to have a glimpse of A1GP race by 2009.
The fact is that some of the 999 championship races thus far have been questionable Grands Prix and several past race winners never even drove a Formula One car.
Formula One breathed a sigh of relief on Sunday after the sport's new 'halo' head protection device saved Charles Leclerc from what might have been a potentially serious impact.
Formula One teams will no longer be allowed to run three cars at Grand Prix practice sessions from next season.
French Formula One driver Jules Bianchi remains unconscious but has begun a programme of rehabilitation therapy, his family said in a statement on Tuesday.
Nico Rosberg had his Formula One world championship lead over Mercedes teammate Lewis Hamilton cut to one point after the German was demoted from second to third place in the British Grand Prix on Sunday.
India is working with its mission in Pakistan to prepare a strong response against granting of bail to LeT commander Zakiur Rehman Lakhvi, one of the masterminds of the 2008 Mumbai terror attack.
The International Automobile Federation wrote to all 11 teams after the race at Magny-Cours expressing concern that such devices 'may impair the forward and/or lateral vision of the driver'.
McLaren's Fernando Alonso has been cleared to travel to Malaysia.
Formula One's 2016 tyre rules, giving more choice on the selection of compounds and strategy, have left even some drivers confused.
The tyre company could pull out at the end of next year if the governing body presses ahead with plans for a sole supplier.
The Formula One calendar will be trimmed to 17 Grands Prix next year with Germany and Italy each losing one of their two races.
Formula One will have simpler, cheaper and noisier engines from 2021 as part of a "road map" for the future presented to teams on Tuesday that could entice new manufacturers to enter the sport.
An Interpol red herring notice was issued against Shivdasan Raman Vallappil.
Races in New Jersey, Mexico and South Korea were dropped from Formula One's official 2014 calendar on Wednesday, with the season remaining at 19 races instead of a record 22.
McLaren's Fernando Alonso faces a time penalty in Sunday's Austrian Grand Prix as well as starting from the back of the grid as a result of exceeding his engine allocation for the season.
A FIA spokesman said the Japanese F1 team's application has been refused.
Vijay Mallya, who is being pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines, has taken steps that could see India disappear from the name of his Formula One team.
The world champion made it clear that he could never forgive or forget what happened in Monza.\n
FIA president Max Mosley said congratulated tyre and engine suppliers for their efforts in slowing cars and cutting costs significantly.
Motor sport's governing body cast doubt on the future of world championship events in Australia on Saturday after legal action by Minardi at the country's Formula One Grand Prix.
Formula One's governing body is to investigate an incident that saw cars cleared to race while a marshal was still on track following a Singapore Grand Prix safety car period on Sunday.
Renault, Honda, Toyota, McLaren-Mercedes and BMW-Sauber will not be guaranteed one of the 12 team slots if they failed to sign up in time.
A summary of sports events and persons who made news on Friday
Etihad, Emirates and Qatar Airways have combined hired more than 100 Indian pilots in the last six months.
Seven-time world champion Michael Schumacher turned 50 on Thursday with Formula One and his fans paying tribute to the sport's most successful driver with a mixture of celebration and sorrow.
The retired seven-time Formula One world champion Michael Schumacher was still in coma.
TV footage showed Zardari coming out of his house and embracing his younger daughter Aseefa before getting into a black Landcruiser.
Formula One teams could face a soccer-style promotion and relegation system, according to plans being considered by Max Mosley.
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