Ferrari president Sergio Marchionne has vowed he will no longer throw money at the firm's Formula 1 project, instead calling on the team to spend its budget more wisely.The Italian team is rumored to have the largest budget of anyone on the F1 grid, in the region of $450 million...

Pirelli motorsport director Paul Hembery has revealed his company's annual investment in Formula 1 is the equivalent of a team's budget.Hembery feels the Italian tire manufacturer's value to F1 is underestimated when it comes to the amount of money spent on not only developing the rubber, but also as a...