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Australian Grand Prix reports heavy losses
The Australian Formula One Grand Prix lost a record A$40 million ($26.7 million) in 2008, organisers said on Thursday.
The announcement came just months after the Victoria state government and race organisers agreed to underwrite the costs of staging the event until 2015.
Formula One supremo Bernie Ecclestone had threatened to [...]

Massa promises a clean race
Brazilian Felipe Massa, who races for the Ferrari Formula 1 team, announced on Monday that he has no plans of playing dirty in order to win in next Sunday’s race in Interlagos, Sao Paulo.
The race will decide the winner of this year’s World Championship of Drivers.
On one of his many [...]

Formula One champion Button attends book signing in London

World Champion Formula One driver Jenson Button of Britain poses during a book signing in London, November 19, 2009. (Xinhua/Reuters Photo)

Brawn sheds light on Honda buyout
New owner Ross Brawn said on Tuesday he had not hesitated in taking over Honda’s Formula One team because it would otherwise have been closed down with hundreds of jobs lost.“If I am frank, there were no choices,” the Briton told reporters during the second day of testing Brawn GP’s [...]

Schumacher ‘really sad’ about canceling comeback
Michael Schumacher called canceling his much-anticipated Formula One comeback a “really sad moment.”

Former Formula One driver Michael Schumacher reacts as he attends a news conference in Geneva August 12, 2009. Seven-time world champion Schumacher has cancelled plans of a temporary return to Formula One with Ferrari because of fitness [...]

Subaru joins the exodus amid credit crunch
The World Rally Championship lost one-third of its teams within 24 hours when Subaru announced yesterday it was following Suzuki out of the competition.Both Japanese automakers cited concerns about the global economic crisis for quitting the sport.It leaves Citroen and Ford as the only manufacturers in the FIA WRC [...]

Massa not to be underestimated
Felipe Massa can go from being one of Formula One’s more underrated drivers to world champion against the odds in his home Brazilian Grand Prix on Sunday.
 

Ferrari Formula One driver Felipe Massa of Brazil gestures as he attends the 25th International Automobile Trade Show in Sao Paulo October 29, 2008. [Agencies]
Only [...]

Massa says new Ferrari is totally different
Felipe Massa gave Ferrari’s new Formula One car its track debut on Monday and said it felt entirely different to the one he drove to victory six times last year.
Formula One driver Felipe Massa poses with the new Ferrari F60 in an undated handout photo released on the [...]

Alonso realistic about Japan GP
Fernando Alonso is realistic about his chances of another victory in Japan this week after his upset win in Singapore, but he remains confident Renault will again be on the pace.
 

Renault Formula One driver Fernando Alonso of Spain celebrates on the podium after winning the Singapore F1 Grand Prix at the [...]

Hamilton says he is stronger one year on
Lewis Hamilton says he is stronger, both physically and mentally, than ever and not about to blow his lead in the Formula One title race for a second year running.
The McLaren driver holds a seven-point advantage over Ferrari’s Felipe Massa with three races left going into this [...]