FIA president Jean Todt does not think any new teams will enter Formula 1 under its current revenue distribution model, despite having vacancies available.Following the demise of Manor over the winter, only 10 teams are competing in this season's world championship, leaving space for two new teams to enter. F1's...

Formula 1 teams will make it to the earlier-than-expected start of 2016 testing but there will be "big ramifications" and a financial impact, according to Williams performance chief Rob Smedley.Last month, the FIA tweaked the calendar to bring the Australian Grand Prix forward to March 20, which in turn meant...

The FIA has launched a new selection process that could bring a new Formula 1 team onto the grid as early as 2016.Candidates must approach the FIA by June 30, after which they will be sent more detailed selection criteria, with full applications due by Sept. 1 ahead of a...

Related StoriesBritain's Sunday Express newspaper reports that a meeting of the bankrupt Caterham team's unpaid creditors is tao take place on Monday, which unpaid creditors will be asked to approve a potential sale of the team.Caterham lapsed into bankruptcy administration earlier this year with debts of a £16.2m ($25.3m), according...

Lewis Hamilton says his Hungarian Grand Prix victory is one of the most important of his career so far.The Briton took his first win in Mercedes colors in Budapest, converting his third consecutive pole position into a first victory. The win came despite Hamilton all but ruling out a win...