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Toyota came close to following Honda out of Formula One after their Japanese rivals pulled out of the glamour sport to cut costs in December, Toyota team principal Tadashi Yamashina told Reuters Monday.

“Our Formula One budget was cut again and again from its original figure,” Yamashina said.

“It was cut again after Honda’s announcement …  Details


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BMW Sauber has its KERS energy system in place and ready to go for Formula One’s season-opening Australian Grand Prix.

Whether the German team uses the hybrid technology in Melbourne, however, is still undecided.

“Now it’s just a matter of weighing up the pros and cons,” BMW Sauber team principal Mario Theissen said Monday. “On the positive side, the drivers would have an extra 82 horsepower at their disposal …  Details

World champion Lewis Hamilton’s new McLaren is too slow and it could be some time before it can win races, the Formula One team said on Friday in a frank acknowledgment of their pre-season problems.

“There is a lack of downforce and we are currently working hard to solve this problem,” Mercedes Motorsport vice-president Norbert Haug said in an interview supplied by the team after their disappointing pace in testing this week….  Details

Two-time Formula One champion Fernando Alonso had a car crash at the beginning of the morning session practice at Jerez track; the car ended up colliding against the barriers, though he was …  Details