The money represents a fine handed to McLaren in September as a result of a spying controversy. The FIA had imposed on McLaren a $100 million fine and the loss of their 2007 constructors' points.
McLaren accepted that Ferrari data had penetrated deeper into their team than suspected and issued a public apology.
Formula One's governing body approved a proposal to switch the date of next year's Monaco Grand Prix to May 16 on Wednesday but left a question mark over the Canadian and British races.
Brazilian Nelson Piquet junior became the first Formula E champion on Sunday as the new electric series wrapped up its debut season with a race that had the crowd making more noise than the cars.
Formula One moved closer to the edge on Tuesday when the governing body said crisis talks with teams had broken down and next year's controversial rules remained unchanged. Financial experts from the teams association (FOTA) and International Automobile Federation (FIA) had met on Monday to try and overcome a standoff over a budget cap that threatens to tear the sport apart.
The team, who became Force India in 2008 after Indian beer baron Vijay Mallya bought Spyker F1, were taken over in August by Canadian billionaire Lawrence Stroll after going into administration.
Lewis Hamilton wrote a personal letter to the head of Formula One's governing body to escape a possible race ban for his Monaco Grand Prix outburst against stewards and rivals.
The Japanese company has been selected as Formula One's sole tyre supplier until the end of 2010.
Ace German driver Adrian Sutil will continue with Force India for a fifth consecutive season while Paul di Resta is set to make his debut with the Silverstone-based team in the 2011 FIA Formula One World Championship season.
Formula One supremo Bernie Ecclestone has dismissed the sport's governing body as "a joke" and criticised Jean Todt's actions since taking over from Max Mosley as FIA president.
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 Brawn GP, Toyota and Williams Formula One teams face an attempt to bar them from the Australian Grand Prix Thursday in a controversy that threatens to sour Sunday's season-opening race. The governing International Automobile Federation (FIA) said Red Bull, Renault and Ferrari have lodged protests on grounds the rivals' cars did not comply with technical regulations.
Force India will introduce a significant aerodynamic upgrade, including an interim diffuser, in Sunday's Bahrain Grand Prix, its chairman Vijay Mallya said. After the double-decker diffuser of Brawn, Williams and Toyota were cleared by FIA, Formula One outfits are in a hurry to ape them and Mallya said Force India too would have an interim diffuser in Bahrain.
Aashi Hanspal has been selected along with 19 others in the age group of 12-16 out of 70 entries from five continents.
Confident after an impressive showing in the season gone by, young Indian racer Armaan Ebrahim today decided to continue his stint with the FIA Formula Two Championship in the 2011 season.
Formula One's ruling body should have punished Brazilian Nelson Piquet for the Renault race-fixing controversy, former driver David Coulthard says.
Formula One's governing body included the Bahrain Grand Prix and set a December 11 date for India on Thursday in a revised calendar that appeared divorced from reality.
Armaan Ebrahim on Saturday became the first Asian ever to finish on the podium in an FIA Formula 2 Championship held in Valencia.
Pushed to the back of the grid after a disappointing qualifying session, Indian driver Armaan Ebrahim jostled through to an impressive fifth-spot finish in the FIA Formula Two Championship race in Monza.
Ajith exclusively talks about his first test race at Formula 2 Championships.
Chennai driver Parthiva Sureshwaren has secured a place on the FIA Formula Two grid, joining Armaan Ebrahim as the second Indian driver on the circuit this season.
It had been an extraordinary tale of misfortune, podium, pole and bloopers for Force India and the born-again outfit now wants to sign off with some more points in the season-ending Abu Dhabi Grand Prix in Abu Dhabi on Sunday.
Spanish racing driver Carmen Jorda has suggested women could be better suited to Formula E than Formula One because the all-electric cars are less physically challenging.
Whatever the colour of the car, from Fernando Alonso's red Ferrari to Michael Schumacher's silver Mercedes, Formula One is picking up speed towards a greener future.
A widely-circulated anonymous email put fresh focus on recent allegations of misconduct toward a female colleague.
Maharashtra Chief Minister Eknath Shinde was in element at the Gateway of India.
He won a high-profile privacy case against the News of the World newspaper in 2008 after it said he had taken part in a "sick Nazi orgy".
Qualifying will take place on Saturday over a one-hour session, involving a single timed lap, the FIA said in a statement.
Ferrari technical director Ross Brawn said they contacted FIA after receiving photographic evidence at the Hungarian Grand Prix.\n\n\n\n
The qualifying will be split into two separate Saturday sessions as of next week's Bahrain Grand Prix.
Formula One's governing body has charged championship leaders McLaren with unauthorised possession of confidential Ferrari information.
International Automobile Federation (FIA) vice president Carlos Gracia has defended his decision to declare Bahrain a safe destination for motor racing following criticism from Formula One supremo Bernie Ecclestone.
Michelin's possible return to Formula One comes seven years after it withdrew from the competition, and comes after rival Pirelli has been dogged by tyre blowouts this year.
Formula One looks likely to be reduced to 11 teams next season after the official 2013 championship entry list was published without struggling Spanish-based HRT on it.
FIA said it is looking into incidents involving the Mercedes-powered team 'in light of a possible breach of the International Sporting Code'.
The Dutch driver won the race at Suzuka, with Leclerc demoted from second to third behind Red Bull's Sergio Perez for cutting the final chicane while defending from the Mexican on the last lap.
Grand Prix racing's governing body said on Wednesday it planned to revive the defunct Formula Two category as a low-cost feeder series for Formula One from 2009. Inviting tenders for the series, the International Automobile Federation (FIA) said it would be "used as an inexpensive platform to develop emerging driver talent for Formula One.
Formula One has quietly dropped a requirement for engines to last three successive races this season. Article 28.4 of the 2009 sporting regulations, posted on the governing International Automobile Federation (FIA)'s website (www.fia.com) this week, makes no mention of having to use engines in sequence. 'Each driver may use no more than eight engines during a championship season,' the article declares.
