F1 teams agree to cut costs with budget limit of US$145 million

F1 teams agree to cut costs with budget limit of US$145 million

LONDON: Formula 1 teams on Friday (May 22) agreed to cap spending at US$145 million next season as the sport attempts to counter the financial fallout from the coronavirus pandemic, media reports claimed.
Track revs-up for F1 racing

Track revs-up for F1 racing

Vietnam may soon have a Formula One standard, world-class motor racing stadium.