Formula 1

Patrick Louis has stepped down as chief executive of Lotus as part of a senior management reshuffle at the leading Formula One motor racing team, according to the Autosport website.

Formula One Group chief executive Bernie Ecclestone has said he considered staging New Jersey's Grand Prix of America on a permanent track, rather than the street circuit that has suffered numerous difficulties in its development schedule.

The Austrian Grand Prix’s return to the Formula One calendar has been confirmed after local authorities gave their approval for their event.

Russian Grand Prix organisers have announced the appointment of Abu Dhabi GP mastermind Richard Cregan to oversee preparations for the country’s inaugural Formula One race in Sochi this year.

The FIA, motorsport’s global governing body, has launched a tender process seeking expressions of interest from would-be new teams for a potential slot on the Formula One grid from the 2015 or 2016 season of the motor racing championship.

German banking group BayernLB is planning to bring a $400m (€294m) damages claim against Formula One Group chief executive Bernie Ecclestone in London next month, according to the Reuters news agency.

Formula One will again attempt to introduce a budget cap from the start of 2015, as the motor racing series announced controversial plans to revamp its season finale.

Ticketmaster has been announced as the exclusive ticketing provider for the Australian Formula One and Motorcycle Grand Prix events.

Formula One supremo Bernie Ecclestone has named Red Bull team principal Christian Horner as the ideal candidate to succeed him when he steps down.

Energy drink manufacturer Red Bull reduced investment in its championship-winning Formula One team by $28.5 million to $108.9 million last year, according to its latest financial report.

The administrator for the Nuerburgring race track has revealed that a deal to sell the venue hopes to made early next year.

Formula One supremo Bernie Ecclestone’s lawyer Robert Miles has called jailed German banker Gerhard Gribkowsky a “fantasist” regarding alleged bribery charges in the first day of legal proceedings.

India's Supreme Court has agreed to hear a petition seeking the cancellation of this weekend's Formula One Indian Grand Prix, because organisers have allegedly not paid entertainment taxes for the 2012 event.

Federation of Motor Sports Clubs of India (FMSCI) president Vicky Chandhok has called on the country’s government to help secure the Indian Grand Prix on the Formula One calendar.

Formula One’s Indian Grand Prix has so far only sold 20,000 tickets out of the available 68,000 for next weekend’s race, which will likely see Red Bull driver Sebastian Vettel crowned World Champion.

The Formula One South Korean grand prix promoter has revealed that its chance of remaining on the 2014 calendar is 50-50.