Until recently, the JV, Fiat India Automobile, was languishing with heavy losses.
Formula One teams say they will race in Russia, despite the crisis in Ukraine and downing of a Malaysian airliner, unless the country's debut Grand Prix in October is called off or they are ordered not to go.
Mahindra Racing will enter the new Formula E electric racing series next year with ex-Formula One racer Karun Chandhok set to drive for what will be the only Indian team on the grid.
Ferrari and Fernando Alonso are back as Formula One title contenders despite leaving Germany with a $100,000 (64,658 pound) fine and the threat of further punishment hanging over them.
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.
Brazilian Bruno Senna, nephew of the late great Ayrton, has been dropped by his HRT Formula One team for Sunday's British Grand Prix.
Three weeks is all there is to decide whether Narain Karthikeyan can continue driving and administer motorsport in domestic and international events, after he and his drivers allegedly questioned the decision of stewards in an event here early this month.
Italy's Pirelli has been appointed as the single tyre supplier for the Formula One world championship for three years starting in 2011, the Federation Internationale de l'Automobile (FIA) said on Wednesday.
Formula One team bosses have backed a proposal by International Automobile Federation (FIA) president Jean Todt to penalise Grand Prix drivers for everyday traffic offences.
Formula One team bosses have backed a proposal by International Automobile Federation (FIA) president Jean Todt to penalise Grand Prix drivers for everyday traffic offences.
A mystery team insider dubbed 'Witness X' provided damning evidence that sealed former Renault boss Flavio Briatore's banishment from Formula One, the sport's governing body revealed on Tuesday.
Formula One's governing body has moved to amend the sport's safety car rules after Michael Schumacher was penalised for an overtaking move at last weekend's Monaco Grand Prix. The International Automobile Federation (FIA) said in a statement on Thursday that there is "a lack of clarity" in the application of a rule prohibiting overtaking when the safety car was deployed on the last lap of a race.
The Federation of Indian Associations has come out with proposals to perpetuate the memory of murdered Old Bridge, New Jersey, computer science engineer Divyendu Sinha and to enhance safety and security in the neighborhood after a meeting with township Mayor James Phillips last week.
Formula One's governing body agreed on Monday to end a life ban against former Renault team boss Flavio Briatore and allow him back into the sport after 2012.
Force India were reprimanded by stewards at the German Formula One Grand Prix on Sunday after mixing up their drivers' tyres.
As if not finishing the race at the Korean Grand Prix was not enough, Force India's Adrian Sutil was on Sunday handed a five-place grid penalty, carrying into next month's Brazillian GP.
Tell us your Karva Chauth story -- good, bad, funny or disastrous, we want to hear them all.
According to a Taliban source, "When the suicide attacks got momentum and it was almost impossible for the government to control the situation, talks between the representatives of Taliban and the government took place in Peshawar--that resulted in a halt in the attacks. Apart from few key commanders no one else was aware about the nature of the agreement,"the source said.
Reaction to the death of three-times Formula One champion Niki Lauda, who died on Monday at the age of 70
Armaan Ebrahim on Saturday became the first Asian ever to finish on the podium in an FIA Formula 2 Championship held in Valencia.
Formula One will stretch to a record 20 races next year with India making its grand prix debut in late October although no new teams will be coming in, the sport's governing body said on Wednesday. The Indian round, at a circuit being built near New Delhi, is due to be the 18th of the championship on Oct. 30 subject to the facility passing a final inspection by the International Automobile Federation (FIA).
Renault will face charges of fixing last year's Singapore Grand Prix by staging a crash that helped Spaniard Fernando Alonso win, Formula One's governing body said on Friday. The International Automobile Federation (FIA) said in a statement that Renault representatives had been summoned to an extraordinary meeting of its World Motor Sport Council in Paris on September 21, the Monday before this year's Singapore race.
Thousands of people from New York, New Jersey, and Connecticut jammed the sidewalks of Madison Avenue in Manhattan on Sunday
Lewis Hamilton and McLaren could face further sanctions from Formula One's governing body after being found on Thursday to have deliberately misled stewards in Australia last weekend. Both Hamilton and his team were excluded from the classification for "providing evidence deliberately misleading to the stewards" at an enquiry immediately after Sunday's race.
Sources in the FIA described Ahmed, a resident of Battagram in the unruly North West Frontier Province, as an "important suspect allegedly linked with" the Lashkar-e-Tayiba, the Daily Times newspaper reported.
Pressured by low-cost carriers, the Federation of Indian Airlines has called off its decision to suspend domestic operations on August 18, two days after it was announced.
The threat of a breakaway Formula One series loomed again Wednesday after Ferrari and seven other teams walked out of talks in Germany with the governing body and warned that the sport's future was at risk.
The Canadian Grand Prix has been dropped from the 2009 Formula One calendar with the season remaining at 18 races.
Ferrari have compared the disappearance of leading manufacturers from Formula One to an Agatha Christie murder mystery, with the finger of guilt pointed at former FIA president Max Mosley.
BMW-Sauber will have to wait until the end of the 2010 Formula One season to change their name, a spokesman for the Swiss-based team said on Thursday. The governing International Automobile Federation (FIA)'s Formula One commission had agreed at a meeting this week that they could change their name at the end of the championship, the spokesman added.
Formula One drivers have backed proposals to introduce a 'virtual safety car' or automatic speed limiter that would force the entire field to slow when yellow warning flags are waved.
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.
Formula One teams have agreed to change the scoring system for the second time in two months to increase the reward for race winners and encourage overtaking.
Renault have told Formula One's governing body they want to stay in the sport and will make changes in their team to ensure a race-fixing controversy never happens again.
South Korea will make its Formula One debut in October next year while Canada will return to the calendar subject to contract negotiations, the governing International Automobile Federation (FIA) said on Monday. The season, expanded to a record-equalling 19 races for the first time since 2005, will start at Bahrain's Sakhir circuit on March 14.
The Renault team has been handed a two-year suspended ban from the Formula One world championship after admitting to race-fixing, the governing International Automobile Federation said on Monday.
Double world champion Fernando Alonso turned up for a race-fixing hearing on Monday that could determine Renault's Formula One future.
Renault face heavy sanctions when they appear before Formula One's governing body in Paris on Monday to answer race-fixing charges. The International Automobile Federation (FIA) has accused Renault of fraudulent conduct and bringing the sport into disrepute.
Formula One's governing body was made aware last year of allegations that Renault had fixed the Singapore Grand Prix by ordering Brazilian Nelson Piquet to crash, a British newspaper reported on Friday.
Singapore officials are confident the race-fixing scandal surrounding Renault will not impact next week's F1 Grand Prix in the Southeast Asian city-state. Renault will appear before the FIA in Paris on Monday charged with ordering Brazilian Nelson Piquet to crash deliberately in last year's inaugural race in Singapore to help team-mate Fernando Alonso win.
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