Former team owner Peter Sauber will have a team back in F1 in 2010, provided that they are allocated grid places after he bought the outgoing BMW team. Sauber were previously an F1 team from 1993-2005 before they were purchased by BMW. They competed 206 times and scored 6 podiums, despite never taking a race [...]

It was rumoured for a couple of days but today Toyota announced their shock withdrawal from Formula 1. It seems that F1 is a luxury Toyota can no longer afford in the global financial situation. The Toyota boss Akio Toyoda told a press conference in Tokyo: “This was a difficult but ultimately unavoidable decision. Since [...]