US Grand Prix revival prospects dwindle

F1 : US Grand Prix revival prospects dwindle - Indianapolis - F1-Live.com: "The prospect of Indianapolis returning to stage a United States Grand Prix in future dwindled yet further this week."

Ferrari closing on first '09 win, says Kimi -

Ferrari closing on first '09 win, says Kimi - F1 | ITV Sport: "Kimi Raikkonen is confident Ferrari will soon be back on the top step of the podium following the major progress it has made in the last two races.

After enduring its worst start to a season for nearly 30 years, the reigning world champion team introduced a crucial aerodynamic upgrade of its F60 earlier this month at Barcelona which hauled it onto the tail of the front runners."

FOTA set for yet another crisis meeting

F1 : FOTA set for yet another crisis meeting - F1 - F1-Live.com: "After the series of get-togethers at Monaco last weekend netted no concrete result, it is believed the scene of the next meeting will be London.

With Friday's deadline for official entries looming, and Williams now one of three outfits to lodge paperwork, a resolution is not yet in place that would cause existing teams to abandon their threats to quit the sport at the end of 2009."

Domenicali: Ferrari must find downforce

Domenicali: Ferrari must find downforce - F1 | ITV Sport: "Ferrari team principal Stefano Domenicali was encouraged by his team’s strong showing in Monaco – but says it needs to further improve the aerodynamics of its car if it is to close the gap to championship leader Brawn."

Brawn full of praise for Jenson Button

F1 : Brawn full of praise for Jenson Button - BUTTON - F1-Live.com: "Jenson Button had so much energy after winning the Monaco Grand Prix that he managed to run the entire distance of the pit straight to get to the podium ceremony in time."

Exploratory talks aiming at Canadian GP return

F1 : Exploratory talks aiming at Canadian GP return - Montreal - F1-Live.com: "French Canadian newspaper La Presse reported on Monday that F1 chief executive Bernie Ecclestone invited a Montreal businessman and financier to London in order to explore the possibility of reinstating the Canadian Grand Prix next year."

Ferrari again warn of Formula One exit

F1 : Ferrari again warn of Formula One exit - FERRARI - F1-Live.com: "In a statement this afternoon Ferrari stated that it has ‘noted the verdict’ of the Tribunal de Grande Instance with regards to the ongoing dispute between the team and the sport’s governing body, the FIA. The dispute centres on the 2010 budget caps agreed the World Motor Sport Council last month and the team reiterated that they would exit Formula One should an agreement over costs not be reached."

Ferrari court hearing scheduled for Tuesday

F1 : Ferrari court hearing scheduled for Tuesday - FERRARI - F1-Live.com: "The injunction filed by Ferrari against the FIA will be heard next Tuesday May 19th as the Italian manufacturer attempts to block the implementation of the controversial 2010 regulations adopted recently by the World Motor Sport Council.

Ferrari is also requesting that the French courts order the FIA to remove from its website all modifications pertaining to next year's regulations."

Stalemate between FIA and FOTA

F1 : Stalemate between FIA and FOTA - FERRARI - F1-Live.com: "Ferrari has stepped up the budget cap row by applying for an injunction in the French courts against the 2010 rules.

FIA President Max Mosley, who met with the F1 teams and Bernie Ecclestone at a Heathrow hotel on Friday, revealed the news as he emerged from the meeting."

FIA stands firm amid F1 quit threats

F1 : FIA stands firm amid F1 quit threats - FIA - F1-Live.com: "Officials of F1's governing body insist they have not been swayed by the threats of leading Formula One teams.

The FIA wants to introduce budget caps next year, but key names including Ferrari, Renault, Toyota, BMW and Red Bull have objected stridently, particularly to Max Mosley's offer of 'two-tier' rules that would allow them to keep spending."

Mosley, Bernie, to meet FOTA on Friday

F1 : Mosley, Bernie, to meet FOTA on Friday - FOTA - F1-Live.com: "FIA President Max Mosley's meeting with the Formula One Teams' Association has been fixed for Friday.

Amid major teams' threats to withdraw from the sport over the budget caps dispute, we have learned that the crucial meeting will take place in London, also in the presence of F1 Chief Executive Bernie Ecclestone."

Ferrari thank fans for support

F1 : Ferrari thank fans for support - Montezemolo - F1-Live.com: "'I want to thank you personally for the numerous messages of support we received from all over the world over the last hours on our website and via email,' he began. 'It is important to know that we can count on the support of our fans all over the world and that our fans completely share the motivations, which brought us to take such a decision.
'

'If we were forced to leave the Championship we were part of over the last 60 years of our history and where we set all the records in terms of victories, it is because they want to change the nature of its founding values,' he continued, in a reference to the 'two-tier' system ands other items put in place for the 2010 season by the FIA's World Motor Sport Council."

Schumacher ready to make bike racing return

F1 : Schumacher ready to make bike racing return - SCHUMACHER - F1-Live.com: "A day after it emerged that Michael Schumacher was seriously injured in a pre-season fall, the seven time World Champion announced that his return to two-wheeled race action is close."

Ferrari drivers agree on pull-out scenario

F1 : Ferrari drivers agree on pull-out scenario - FERRARI - F1-Live.com: "For Felipe Massa, who accomplished a lifelong dream when he joined the famous Italian marque, it is obviously far from a perfect scenario. However the Brazilian fully backs Ferrari's plan to leave F1 if the 2010 regulations imposed by the FIA are not corrected to remove the 'two-tier' format.

'I understand the motivation, why the company got to this point,' Massa indicated in a statement. 'The idea of having a Championship with two velocities, with cars, which for example are allowed to have flexible wings or an engine without a rev limiter, is absurd.'"

Swiss paper claims Schumacher was seriously injured

F1 : Swiss paper claims Schumacher was seriously injured - SCHUMACHER - F1-Live.com: "Michael Schumacher was injured more seriously in his February motorcycling crash than he let on, the authoritative Swiss newspaper Blick claims.

While testing for this year's German Superbike series at the Cartagena track in Spain, the retired seven time World Champion fell at high speed and was hospitalised."

Ferrari confirm readiness to pull out of F1

F1 : Ferrari confirm readiness to pull out of F1 - FERRARI - F1-Live.com: "Under the 2010 regulations, teams opting to limit their budgets to 45 million Euros ($60m US) would enjoy much greater technical freedom than other teams, effectively creating a 'two-tier' series within Formula One.

Many teams find the matter unacceptable as it currently stands, and the FIA's deadline of May 29th in order to file entries for the 2010 championship only added pressure to an already volatile situation with some teams speaking of boycotts.

Today Ferrari has boldly stated that, unless common ground can be found, it will retire from Formula One at the end of the current season."

Forget fighting for title, says Massa

Forget fighting for title, says Massa - F1 | ITV Sport: "Felipe Massa has written off his chances of challenging for the world championship after seeing Brawn sweep to another one-two in Spain.

The result means that Jenson Button has now won four of this season's five races, and although Massa took his first points of the year at Catalunya by finishing sixth, he said Brawn was out of reach."

Ferrari's board to discuss F1 future

Ferrari's board to discuss F1 future - F1 | ITV Sport: "Ferrari will discuss its future in Formula 1 at a meeting of its board of directors on Tuesday, the team has revealed.

The Maranello squad has been at loggerheads with FIA president Max Mosley over the £40m budget cap which the governing body intends to introduce in Formula 1 next year."

Domenicali offers to quit over Ferrari crisis

F1 : Domenicali offers to quit over Ferrari crisis - FERRARI - F1-Live.com: "Stefano Domenicali has admitted he would consider his position as Ferrari Team Principal if he thought it would pull the Italian team out of its crisis.

Despite a technical step forward in Barcelona, only Williams, Toro Rosso and Force India sit lower than the reigning constructors' champions in the 2009 standings, following more strategic and reliability issues at the weekend."

Rivals praise Ferrari's step forwards

F1 : Rivals praise Ferrari's step forwards - FERRARI - F1-Live.com: "Ferrari may have admitted to a 'stupid' and 'serious' error regarding Kimi Raikkonen's qualifying strategy, but the team was praised by its rivals on Saturday.

Barcelona has been the scene of some major car updates, and the constructors' champions seem to have made the biggest step forward of all."

Domenicali fired up in Barcelona

F1 : Domenicali fired up in Barcelona - FERRARI - F1-Live.com: "Felipe Massa could have and probably should have finished third in the 66-lap Spanish Grand Prix were it not for an error in the second and final pitstop that saw the Brazilian’s F60 return to the circuit without the required fuel on board.

Massa found himself vaulted in the stops by Red Bull Renault’s Mark Webber but still looked to be heading for a strong fourth position as he continued to defend his position from the second RB5 of Sebastian Vettel."

Red Bull joins Toyota in 2010 entry boycott - RedBull

F1 : Red Bull joins Toyota in 2010 entry boycott - RedBull - F1-Live.com: "Red Bull has followed Toyota in declaring that it will not enter next year's world championship under the current regulations.

Toyota's team President John Howett made the threat this weekend in Barcelona, as other teams including Ferrari and BMW also openly baulk at the governance of the sport by Max Mosley and his plans for voluntary budget caps."

Huge new 'motor homes' for Ferrari

F1 : Huge new 'motor homes' for Ferrari - FERRARI - F1-Live.com: "Every season, the first European race is an opportunity for at least one team to show off an impressive new 'motor home'.

In 2009, as F1's paddock regulars throng the Circuit de Catalunya, the main talking point on Thursday was Ferrari's new paddock presence, seen for the first time"

Drivers side against Mosley's F1 politics

F1 : Drivers side against Mosley's F1 politics - FIA - F1-Live.com: "Drivers on Thursday sided strongly against Max Mosley, after the FIA President suggested the sport could live without Ferrari.

The powerful teams, using their commitment to F1 as their weapons, are locked in a fierce political battle with the governing body over the controversial budget cap plans.

'Without Ferrari it's not Formula One anymore,' said Giancarlo Fisichella at the Circuit de Catalunya."

Ferrari committed to Formula One

F1 : Ferrari committed to Formula One - FERRARI - F1-Live.com: "Following a statement from team yesterday in which they announced they did not wish to comment on the matter, today the Italian champions re-affirmed its commitment to the series. Ferrari is however clearly unhappy with the cost capping rules being pushed forward by the FIA.

“Ferrari strongly believes that this sport should maintain its principles of being at the cutting edge in terms of research, with the teams thus taking part in a sporting and technical contest,” a statement from the team began."