The Indian Grand Prix is expected to return in 2016 as a "fruitful" meeting between Formula One boss Bernie Ecclestone and race promoters has prepared the ground for the comeback of the high-profile event.
Formula One would rather cater for rich over-70s than chase a younger generation that cannot afford luxury watches and is more interested in social media, according to commercial supremo Bernie Ecclestone.
Formula One supremo Bernie Ecclestone will meet commercial rights holders CVC in London next week after talks with teams in Brazil on Saturday produced no agreement on giving smaller outfits more money to help them survive.
The deepening of the Formula 1 financial crisis has prompted Force India boss Vijay Mallya to say that the sport's owners must fix the revenue sharing model among teams for the survival of smaller outfits like his.
A New York appeals court has upheld the dismissal of a $650 million lawsuit against Formula One boss Bernie Ecclestone, saying he cannot be sued in the state`s courts over the sale of a major stake in the motor racing business.
Formula One`s midfield strugglers believe they may have found a solution to their current cash crisis and hope Bernie Ecclestone can endorse and support their plans before next weekend`s Brazilian Grand Prix.
Formula One supremo Bernie Ecclestone dismissed the threat of a U.S. Grand Prix boycott on Saturday after cash-strapped smaller teams suggested they could take drastic action to push their demands for more money.
Formula One`s commercial supremo said he wanted to tear up all team contracts and rewrite the rules as talk of race boycotts and financial failure swept the U.S. Grand Bernie Ecclestone Prix paddock on Saturday.