British media reports have suggested the new deal could be worth up to 40 million pounds ($52 million) a year and is likely to make the four-time F1 champion the sport's top earner.
Red Bull have given "a definite no" to four-times Formula One world champion Sebastian Vettel's hopes of returning to them next year, team boss Christian Horner said on Friday. The German, who is out of contract with Ferrari at the end of the season and facing an uncertain future, had said on Thursday he would say yes to a Red Bull drive if one was offered.
F1 is the highest class of single-seater auto racing sanctioned by the Federation Internationale deRs Automobile.
Four times Formula One champion Sebastian Vettel recognised he is sailing through a 'rough sea' but said on Thursday there had been no talks with Ferrari about parting ways before the end of the season.
Swiss-based Sauber have parted company with principal Monisha Kaltenborn, the first woman to run a Formula One outfit, the team's owners said.
Sebastian Vettel, who joined in 2015 with the dream of emulating boyhood hero Michael Schumacher in winning titles with the sport's oldest and most glamorous team, is out of contract at the end of the year.
Austria to stay on Formula One calendar until 2027.
Malaysia will stage its final Formula One Grand Prix in October after the government and the sport's commercial rights holders announced on Friday that their hosting agreement would end a year early.
Formula One faces a risk: with Malaysia pulling out of a new deal, they could altogether lose their presence in Southeast Asia, one of the world's fastest-growing regions.
Lewis Hamilton, once the young sensation of Formula One, is starting to feel his age as a new generation of drivers sweeps into the sport and old hands like Jenson Button and Felipe Massa head for the exit.
McLaren's Lando Norris took pole position for the Qatar Grand Prix sprint on Friday with Mercedes' George Russell denying the Formula One leaders a front row.
The strangest of campaigns crammed 17 races, instead of the record 22 originally envisaged, into little more than five months from July with four triple-headers.
World champion Nico Rosberg's retirement announcement on Friday came as a complete surprise even to the man who knows most of Formula One's best-kept secrets, commercial supremo Bernie Ecclestone.
Lewis Hamilton spent the off-season crisscrossing the globe to party with A-list celebrities but Formula One's reigning champion is adamant there will be no hangover when he returns to work at this week's season-opening Australian Grand Prix.
For the first time in F1 history, two four-time champions are on the same grid and vying for their fifth title.
Lando Norris led a McLaren front row sweep in qualifying for the season-ending Abu Dhabi Grand Prix on Saturday
Dutch driver Max Verstappen has extended his contract with Red Bull until the end of 2023, the Formula One team announced in a statement on Tuesday. The Dutchman, who in 2016 became the youngest ever race winner in the sport's history, had been linked to both Ferrari and Mercedes in paddock speculation.
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.
Lewis Hamilton will bring down the curtain on his Mercedes career in Abu Dhabi on Sunday as his past and future Formula One teams, McLaren and Ferrari, fight for a constructors' title to end years of waiting.
The 35-year-old Williams driver, who won 11 races for Ferrari between 2006 and 2008 and finished overall runner-up to Lewis Hamilton in the 2008 world championship, is out of contract at the end of the year.
Ferrari could lead other Formula One teams into an alternative championship if the sport becomes too much like the US-based NASCAR series.
The German, Canadian and Brazilian grands prix were listed as subject to confirmation on a record-equalling 21-race provisional calendar for 2017 published by Formula One's governing body on Wednesday.
Renault extended Flavio Briatore's contract as boss of their Formula One team to the end of 2006.
'In Lando and Daniel we have a hugely talented and exciting driver line-up, and this announcement is a strong signal of commitment to the next chapter for McLaren from 2022 onwards.'
Champions Mercedes are chasing a sixth successive double, and Lewis Hamilton his sixth drivers' title, but the task looks tougher than ever.
'FIA have confirmed that Perez can enter the paddock and compete on the weekend.'
Hamilton, the sport's only Black driver and its most successful racer, has used his platform and profile increasingly to push for equal opportunities and speak out against racial injustice.
Fernando Alonso is leaving Ferrari at the end of the season because he wants a fresh environment and needs to be winning again, the Formula One team's ex-chairman Luca di Montezemolo said on Wednesday.
Valtteri Bottas knows he needs to step up his game from last season if he is to have any chance of keeping his place at Mercedes.
British-based Force India, who have Mexican Sergio Perez and Germany's Nico Hulkenberg confirmed as drivers for 2016 and use Mercedes engines, contract out much of their chassis work to keep costs down.
Canadian Formula One driver Lance Stroll said on Wednesday he tested positive for COVID-19 after the October 11 Eifel Grand Prix but is now clear and ready to race in Portugal this coming weekend.
Formula One can count its lucky stars after Sebastian Vettel and Nico Rosberg escaped unscathed from high-speed tyre blowouts at the Belgian Grand Prix.
Speaking at last weekend's title deciding US Grand Prix in Austin, the 84-year-old Briton told reporters he hoped to add more American venues to a series that is already set for a record 21 races next year.
Media reports suggested the McLaren driver, whose wife is Japanese, was likely to announce at this weekend's Japanese Grand Prix that he would be leaving Formula One at the end of the year.
Force India's Sergio Perez refused to rule out a move to Ferrari on Thursday, even though he denied any contact with the Italian Formula One team and said the rumours about his future reflected his form.
Summary of sports events and persons who made news on Monday
Lewis Hamilton is on course for his most successful campaign yet and can become only the third driver after Michael Schumacher and Sebastian Vettel to win 13 times in a season.
Sergio Perez expects to have his Formula One future decided before next month's Malaysian Grand Prix and said on Thursday that he is currently weighing up two options.
Lewis Hamilton aims to stay in F1 for at least three more years
