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55 Stories on Formula One Racing
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SI.com: FOTA wants 'independent' successor to Mosley

BOLOGNA, Italy (AP) -- Eight leading Formula One teams promised Thursday to slash costs by up to 25 percent in the next two years as part of their accord with the sport's ruling body to prevent a breakaway series.

SI.com: Tom Bowles: NASCAR can learn from F1's barely-avoided financial crisis

The two biggest racing series in the world, Formula 1 and NASCAR, don't have much in common. NASCAR's big, bulky stock cars pale in comparison to F1's open-wheel marvels of engineering precision, with the wind tunnel meaning just as much to a team's finish as the driver in the cockpit. With side-by-side racing difficult in F1, there are more lead changes in one stock car race than there are in one-third of an F1 season.

SI.com: Mosley to step down after deal to prevent F1 split

PARIS (AP) -- A breakaway Formula One series was averted Wednesday when Max Mosley ceded to the rebel teams' demand that a planned budget cap be scrapped and the FIA president said he won't seek re-election.

SI.com: Mosley: Deal reached for unified F1 championship

PARIS (AP) -- FIA president Max Mosley says there will be a unified Formula One championship in 2010 after reaching a cost-cutting deal with the eight teams which threatened to form a rival series.

SI.com: Mosley hints he may run for 5th term as FIA chief

PARIS (AP) -- Max Mosley may run for a fifth term as FIA president after Formula One teams announced plans to break away from the sport because of a dispute over a planned budget cap.

SI.com: Vettel wins British GP in 1-2 Red Bull finish

SILVERSTONE, England (AP) -- Sebastian Vettel cruised to victory in the British Grand Prix on Sunday, leading Red Bull to a 1-2 finish for the second time this season.

SI.com: F1 in turmoil as 8 teams announce breakaway series

SILVERSTONE, England (AP) -- Eight Formula One teams began preparations for a rival series after failing to resolve their dispute with motor sport's governing body over financial constraints on Friday.

SI.com: FIA: Financial arms race in F1 without budget cap

LONDON (AP) -Formula One's governing body is sticking to its plans for a budget cap to avoid a "financial arms race,'' despite threats from key teams to pull out of the sport if the plan is implemented.

SI.com: F1 leader Button wins Turkish GP for 6th victory

ISTANBUL (AP) -- Brawn GP's Jenson Button won the Turkish Grand Prix on Sunday for his sixth victory in seven Formula One races.

SI.com: Vettel edges Button for pole at F1's Turkish GP

ISTANBUL (AP) -- Red Bull's Sebastian Vettel edged Formula One championship leader Jenson Button in qualifying to take the pole position for Sunday's Turkish Grand Prix.

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