Formula 1

5:28 AM ET Renault says it plans to stay in Formula One despite the French car manufacturer undergoing a major restructuring process that will see 15,000 layoffs worldwide. 1 Related The team’s future in F1 has become a source of speculation for several months after it failed to meet its on-track goals last year as
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5:11 AM ET Audi sacked German driver Daniel Abt from their Formula E team because he “made a conscious decision to go against the rules” in an esports competition, the German carmaker said on Wednesday. Abt, who announced on Tuesday he had lost his seat, was punished for getting a professional gamer to compete for
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8:43 AM ET ESPN and Reuters British carmaker McLaren has announced a cut of 1,200 jobs, including from its Formula One team, under a proposed restructuring programme to counter the coronavirus pandemic. The cuts will take place across McLaren’s three divisions: racing, automotive and applied technology. The news comes ahead of F1 introducing a $145
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7:11 AM ET The British Grand Prix could still go ahead this year after the U.K. prime minister called on his government to consider making F1’s travelling personnel exempt from the country’s new quarantine rules. From June 8, new rules in the U.K. will require travellers entering the country to spend two weeks in quarantine
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