Sauber team principal Frederic Vasseur describes the Alfa Romeo sponsorship deal as "a huge step" for his team even if it has led to a stressful winter.After joining the team last summer in place of Monisha Kaltenborn, one of the first things Vasseur did was to cancel the planned Honda...

Verizon IndyCar Series CEO Mark Miles wasn't taken by surprise when the telecommunications company confirmed its intentions to depart after its five-year contract runs its course. Set to leave after the 2018 season concludes, a downturn in activation by Verizon throughout the most recent championship run foreshadowed the news that...

Monster Energy has reached a multi-year agreement to become NASCAR's premier series and annual all-star race sponsor.“They made us feel very comfortable over time,” NASCAR chairman and CEO Brian France said. “Motorsports is their DNA, and when you walk through their lobby in California you see that; you see the...

The Sauber Formula 1 team has paid its April staff salaries, albeit several weeks late, but its cashflow problems continue.The Swiss team has not paid staff on time for three successive months but sourced the funds to ensure all staff were paid for April by the end of last week....

.Williams says the investment required to move toward the front of the Formula 1 grid explains losses of nearly $34 million for the first six months of the year.The team announced its interim financial results on Friday, with losses of $33.8 million for the F1 team and $30.7 million for...