How F1 is helping Vietnam strive for a sustainable future

How F1 is helping Vietnam strive for a sustainable future

F1 is moving towards its sustainable future: developing a fully sustainable fuel solution based on biomass fuel for 2026, alongside global sponsor ARAMCO.
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.
F1 director says more spending cuts needed to preserve teams

F1 director says more spending cuts needed to preserve teams

The managing director of Formula One has said spending cuts will be necessary to prevent the "tragedy" of teams leaving the sport amid the coronavirus.