The Beijing round of the A1 Grand Prix series will be dropped for next season because of the huge losses.
Former Ferrari technical director and world championship-winning team principal Ross Brawn stepped back into the Formula One arena on Monday in the new role of managing director for motorsport.
A1 Grand Prix Team India has successfully completed its first shake down test at the Paul Ricard circuit in France, with drivers Karun Chandhok and Armaan Ebrahim setting a respectable pace.
Formula One faces its biggest shake-up in decades with the announcement on Wednesday that US cable TV mogul John Malone's Liberty Media has agreed to take control of the cash-generating glamour sport.
The F1 team's Sporting director said Narain would have occasional lapses in concentration whereas Tiago Monteiro wouldn't.
Charles Leclerc put Ferrari on pole position for their home Italian Formula One Grand Prix on Saturday in a qualifying session that ended in farce and with drivers under investigation.
The Gulf Kingdom will start the 19-race season on March 12, with Malaysia following a week later on March 19 and then Australia on April 2.
The inaugural Bahrain Grand Prix could be at risk from a terrorist attack, the Foreign Office has warned.
Jenson Button has been called many things in his young life. Captain Sensible is not one of them. Until now.
The Indian driver says he would like to take the place of Williams test driver Alex Wurz's, who has been promoted as one of the team's two race drivers.
The Indian driver moved to second place in the Asia Formula Renault V6 motorsports championship after races in Kuala Lumpur this weekend.
He miss the podium by three tenths of a second in what turned out to be Team India's best ever show in the spectacular season finale.
The double world champion failed to score a point in his final race for McLaren, finishing tantalisingly close in 11th place after making up four positions, but the Spaniard went out fighting to the last.
Michael Schumacher beat a different sort of opponent on a different sort of track - a fighter jet on a rain-soaked runway.
Visas will also be issued online and visitors will be fast-tracked through immigration.
Austria, Italy and Japan joined A1 Grand Prix completing the grid for the first race to be held this weekend.
Formula One will this year be forced to face the reality that the era of dependence on tobacco sponsorship is drawing to a close.
There is a school of thought that ridding the sport altogether of cigarette branding would open the door to more family-friendly companies.
Narain Karthikeyan will race for the team at Taupo, New Zealand, in the A1GP this weekend.
The Indian ace finished third and close fourth in two races at the 2004 World Series Nissan Championship at Zolder, Belgium.
The TATA RC motorsport driver and India's F1 hope ended the Nissan World Series in sixth position.
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.
The Indian ace's Jordan-Toyota E15 developed electrical problems and he was forced to retire in the Bahrain Grand Prix.
The joy of six could be just a step on the way to seventh heaven for Ferrari's Michael Schumacher.
The 23-year-old British driver has tested for McLaren and currently drives for Mercedes in the German DTM touring car championship.
The Indian ace said with his clinching a drive with the Jordan team for 2005, F1 arriving into India could become a reality.
Summary of sports events and persons who made news on Monday
Michelin do not foresee being driven out by Formula One's governing body after their U.S. Grand Prix tyre problems.
For the first time in three years, the US Open final will not be contested by Venus and Serena Williams.
Former MotoGP champion Nicky Hayden died five days after the American was hit by a car while cycling in eastern Italy, his Honda World Superbike team said.
The 1998 and 1999 Formula One world champion tested a Mercedes DTM touring car.
"If we do away with races like France and Britain, we start to lose an essential element of the sport," the FIA president said.
The 21-year old Chennai lad will figure the first two rounds of the World Series at the Zolder circuit in Belgium.
The 330-kms drive will be run along the coffee estates of Chikmangalur on May 24 and 25.
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