The Spanish-based Alesport Group, which owns Formula V8 3.5 promoter RPM, has been acquired by Dentsu Aegis, a network of nine global brands with headquarters in London.Alesport was founded by Jaime Alguersuari Sr, father of former Toro Rosso Formula 1 driver Jaime Alguersuari, in 1975. Alguersuari Sr will remain president...

Top EuroFormula Open team RP Motorsport will join next season's Formula 3.5 V8 championship. The Italian team's pedigree includes running Red Bull Formula 1 driver Daniel Ricciardo in Formula Renault 2.0, title success with Niccolo Schiro in European F3 Open in 2012 and last year's EuroFormula Open championship with Sandy...

Amato Ferrari, owner of top-line sports car team AF Corse, will enter Formula Renault 3.5 in 2016 with the creation of a new team called Spirit of Race.AF Corse has a major presence on the GT Open grid, and Jaime Alguersuari Sr's RPM Racing concern recently announced a tie-up with...