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MEXICO CITY -Formula One champions Red Bull have been fined $7 million for breaching the sport's budget cap last season and will be allowed 10 per cent less wind tunnel time over the next year, the governing FIA said on Friday.
LONDON: Formula One world champion Max Verstappen's Red Bull team breached last year's cost cap rules with a 'minor overspend', the governing FIA said in a statement on Monday (Oct 10).
Formula One team Red Bull was found to have breached budget regulations last season, with the sport's governing body saying Monday it was guilty of "minor" overspending.
Sebastian Vettel has denied he was pushed out of the Aston Martin team by its owner Lawrence Stroll.
LONDON: Aston Martin is raising £575.8 million (US$660 million) in a rights issue as major investors including Saudi Arabia's sovereign wealth fund keep faith with the struggling luxury British carmaker.
LONDON : Aston Martin is raising 575.8 million pounds ($660 million) in a rights issue as major investors including Saudi Arabia's sovereign wealth fund keep faith with the struggling luxury British carmaker.
Formula 1 returns this weekend with the Belgian Grand Prix, as championship leader Max Verstappen looks to extend his advantage over the chasing pack.
Formula 1 returns this weekend with the Belgian Grand Prix, as championship leader Max Verstappen looks to extend his advantage over the chasing pack.