credit crunch

Jarno Trulli has dropped hints that it is only John Howett who is trying to force him out of Toyota F1 in 2010...

Ferrari has criticised Formula 1's new optional budget cap as 'fundamentally unfair and perhaps even biased' and as being liable to create a two-tier, split-level championship of haves and have-nots - as Luca di Montezemolo hinted that the team's participation is 'not a never-ending story'.

Gary Anderson contends that the scintillating pre-season testing form displayed by Brawn GP - and the fact that the Brackley-based outfit is being widely tipped as favourite for glory in the curtain-raising Australian Grand Prix in Melbourne this weekend - only serves to highlight how 'harsh' a d

Much as Jenson Button did to help ensure that Brawn GP made the starting grid in Formula 1 in 2009, it has emerged that Renault duo Fernando Alonso and Nelsinho Piquet have both accepted a reduction in salary ahead of the forthcoming campaign.

In the face of mounting pressure, Sir Jackie Stewart has admitted that he is 'happy to help' the Royal Bank of Scotland - an organisation that, on the day it announced a corporate record ?24 billion loss and one which is now 70 per cent taxpayer-owned, has been heavily criticised for its overblow

It has been announced today that the sponsorship agreement between Williams F1 and the Royal Bank of Scotland is to terminate at the end of the 2010 campaign - leaving the multiple world championship-winning British outfit in search of a new chief backer.

A1GP chairman Tony Teixeira has accused both Formula 1 and his counterpart in the top flight, Bernie Ecclestone, of copying ideas from him and of wanting to be like the World Cup of Motorsport - quipping that instead the Formula One Management chief executive should simply 'buy him out'.

It may have announced earlier this week that it is to end all of its Formula 1 sponsorship deals at the close of the forthcoming 2009 campaign, but ING already seems to have had a change of heart - in part at least.

With a number of significant Formula 1 sponsors already well known to be feeling the economic pinch in the wake of the current global credit crunch, it has now been suggested that Toyota title backer Panasonic and Williams' investor Philips could be set to either reduce or scrap their support too

Alain Prost has urged calm amidst the current global credit crunch that has rocked Formula 1 since Honda's shock departure late last year - insisting now is the time to think, not panic.

Honda Racing has applied for a Government bail-out to save its beleaguered Formula 1 team, it has been revealed - meaning that if it does succeed in making the starting grid for the Australian Grand Prix in two months' time, it will be British taxpayers who have enabled it to do so.

Nick Fry has responded to accusations that he is presiding over a conflict of interest in having submitted his own bid to take over Honda's defunct Formula 1 outfit - as he suggested that 'attempts are being made by certain parties to frustrate this process'.

During better economic times, NASCAR teams found infusions of capital from seemingly everywhere - from billionaires such as George Gillett and John Henry to private-equity firms and sugar daddies attracted to the sport's growth.

David Richards has admitted that everybody was taken by surprise when Subaru announced it was pulling out of the World Rally Championship last month - but he also revealed he is hopeful the manufacturer may one day return.

Leading motorsport clothing and technical equipment supplier Grand Prix Racewear (GPR) Ltd has revealed that it has suspended business following 'trading difficulties'.

The ten Formula 1 teams are rumoured to be seeking new meetings with the sport's commercial rights-holders after it emerged that a vast proposition of income is being used to service interest payments on debts.