LOS ANGELES (AP) — A gigantic Los Angeles mansion built in 1991 for the late producer Aaron Spelling and his widow has been sold for $119.75 million.
MONTMELO, Spain (AP) — The director of the track that hosts the Spanish Grand Prix says the circuit's owners are seeking to strike a new deal with Formula One management amid speculation that the...
SPIELBERG, Austria (AP) — Red Bull team principal Christian Horner fears Formula One will "end up with compromises and vanilla-type regulations" if leading officials don't fully align in defining new rules for 2021.
In the build-up to the Austrian GP, Horner called on Friday for the FIA governing body and commercial promoters Liberty Media to give "real clarity going forward as to what the sport is going to be, what the regulations are going to be that both parties ultimately have to buy into."
SAKHIR, Bahrain (AP) — Claire Williams from Williams felt like cracking open some champagne, while other Formula One teams also reacted positively to series owner Liberty Media's plans for their future.
The key initiatives are the introduction of a cost cap and helping to make engines cheaper and louder.
SAKHIR, Bahrain (AP) — World champion Lewis Hamilton will keep a close eye on Formula One owner Liberty Media's proposed talks with the teams on Friday because his next contract could be shaped by what happens.
U.S.-owned Liberty took over after Bernie Ecclestone's 40-year reign ended last year. F1's managing director of motorsports Ross Brawn has the task Friday of presenting the ownership's plans beyond 2020 when the current rules — known as the Concorde Agreement — expire.
Mercedes: F1 teams need to work together to avoid split
MELBOURNE, Australia (AP) — Mercedes boss Toto Wolff said Friday that Formula One teams have a responsibility to try to overcome their differences over the future of the sport in the face of a threat by Ferrari to quit because of a number of proposed changes.
F1 teams Force India and Sauber drop their EU complaint
SILVERSTONE, England (AP) — Force India and Sauber have dropped their complaint to the European Commission over anti-competitive practices in Formula One.
Both F1 teams lodged a complaint with the EU in September 2015 amid concerns about revenue distribution and rule-making when F1 was run by commercial rights holder Bernie Ecclestone. That was prior to the takeover by current owner Liberty Media, which has involved the smaller teams more in discussions.
Todt re-elected unopposed as FIA president
PARIS (AP) — Jean Todt has been re-elected unopposed for a third term as FIA president.
FIA says in a statement on Friday that the 71-year-old Frenchman was handed a third and final four-year term in office by a unanimous show of hands during its general assembly.
Todt won his first term in 2009 when he defeated Ari Vatanen after getting backing from outgoing president Max Mosley and Formula One boss Bernie Ecclestone.
Singapore will host Formula One races until 2021
SINGAPORE (AP) — Singapore will continue to host Formula One races until 2021 after agreeing on a four-year deal on Friday.
The street circuit, which has unique appeal as a night race, first hosted a race in 2008.
LONDON (AP) — One day after Silverstone's owners announced they will terminate their British Grand Prix contract, Formula One's new leadership said Wednesday they had been inundated with interest from around 30 places looking to stage races.
Liberty Media has spent its first six months in charge of F1 trying to exploit the commercial opportunities it believes were not being seized on toward the end of Bernie Ecclestone's control of the motorsport series.
SAKHIR, Bahrain (AP) — Returning to the Formula One paddock for the first time since he stopped running the series, Bernie Ecclestone spoke of his limited input as an adviser to the new owners.
The autocratic Ecclestone moved aside in January after nearly 40 years in charge, when U.S. sports and entertainment firm Liberty Media took over.
With its takeover of F1 secure, Liberty now faces key issues
PARIS (AP) — When one of your biggest stars says your series sends him to sleep there are serious issues to be addressed, and this is the situation facing Formula One's new owner.
With the autocratic Bernie Ecclestone moving aside after nearly 40 years, the task falls to U.S. sports and entertainment firm Liberty Media to win back dissatisfied fans and make the series much more fairly governed, yet unpredictable and thrilling again.
AP PHOTOS: Bernie Ecclestone through the years
LONDON (AP) — Bernie Ecclestone transformed Formula One into a multi-billion dollar business, and turned himself into quite a man about town.
Through four decades as the boss of F1, the British businessman mixed with world leaders, world champions and even a couple of wives.
Ecclestone's reign ended Monday when Liberty Media completed its takeover of the series, making the former face of F1 an honorary chairman and adviser.
Liberty completes F1 takeover; Ecclestone replaced by Carey
Bernie Ecclestone's reign of Formula One ended after Liberty Media officially completed its takeover of the series on Monday, and named American Chase Carey as the new chief executive.
Carey acted quickly by naming former Mercedes team principal Ross Brawn as managing director of motorsports, a move that was expected to be widely welcomed as the series prepares for rule changes it hopes will win back disgruntled fans.
Motor sport’s governing body gives approval to Liberty sale
GENEVA (AP) — Motor sport's governing body has given its official stamp of approval to Formula One being sold to Liberty Media, a U.S. company that invests in entertainment and sports, for $4.4 billion.
Italian officials announce deal to keep F1 race in Monza
MILAN (AP) — The Italian Automobile Club says it has signed a deal with Formula One boss Bernie Ecclestone to keep the Italian Grand Prix in Monza for the next three years.
Ecclestone and ACI president Angelo Sticchi Damiani had already agreed verbally to terms in September.
Sticchi Damiani says "with a lot of work despite a ton of difficulty, we've formally signed the contract for Monza."
Financial crisis puts Brazilian GP at risk in 2017
SAO PAULO (AP) — Sunday's rain-troubled Brazilian Grand Prix could have been the last such event for a while.
Formula One organizers and political officials say that the continuation of the race at the Interlagos track needs greater financing at a time when Brazil is cutting expenses amid a severe economy crisis.
Brazil GP organizers surprised with FIA doubts on 2017 race
SEPANG, Malaysia (AP) — Organizers of the Brazilian Grand Prix say they are surprised that the event has not been confirmed on next year's Formula One calendar despite a contract being in place.
The sport's governing body, the FIA, released the provisional calendar for 2017 on Wednesday, including an asterisk next to Brazil's assigned Nov. 12 date, indicating "subject to confirmation."
F1 teams say new owners need time to develop strategy
SINGAPORE (AP) — Formula One teams have welcomed the commercial takeover of the sport by American company Liberty Media and the prospects of improving the product on and off the track, while cautioning that such changes won't come any time soon.
This weekend's Singapore Grand Prix is the first since Liberty struck an agreement for an $8 billion staged takeover of the sport, with controlling shareholder CVC Capital selling out and minority shareholders to follow.
US firm Liberty Media buying Formula One auto racing series
LONDON (AP) — Formula One is being bought by Liberty Media, a U.S. company that invests in entertainment and sports, for $4.4 billion.
Liberty Media Corp., which is controlled by 75-year-old tycoon John Malone, has ended years of uncertainty about the ownership of the auto racing series with Wednesday's deal.
Speculation mounts that F1 is poised for a U.S. takeover
Speculation is mounting that Formula One is about to be revamped by a U.S. takeover that could bring new life and a higher profile for a sport that is struggling to attract new fans.
Media reports suggest that F1's largest and controlling shareholder, the hedge fund CVC Capital Partners, is preparing to sell the business to U.S. media conglomerate Liberty Media for around $8.5 billion; more than four times CVC's original outlay in 2006.
RIO DE JANEIRO (AP) — The kidnapping of Formula One chief Bernie Ecclestone's mother-in-law was allegedly planned by one of his helicopter pilots, Sao Paulo police said Monday.
Police said Jorge Eurico da Silva Faria took care of F1 helicopter operations in Sao Paulo until 2014 but still often worked for Ecclestone in Brazil. The pilot was among three men arrested by police in connection with the kidnapping.
Police found 67-year-old Aparecida Schunck, who had been...
F1: frontal cockpit protection to come in 2018
HOCKENHEIM, Germany (AP) — Frontal cockpit protection will not be introduced for Formula One cars before the 2018 season, to allow for more testing, the governing body of world motor sports said Thursday.
The F1 Strategy Group that includes Formula One chief Bernie Ecclestone, six leading teams and FIA President Jean Todt agreed on the move after a meeting in Geneva. Drivers, who spoke strongly in favor of the "Halo" system, were hoping it would come into force next...
Formula 1 chief’s mother-in-law missing in Brazil
RIO DE JANEIRO (AP) — Brazilian police said Wednesday they are investigating the apparent disappearance of the mother-in-law of Formula 1 chief Bernie Ecclestone.
A police official speaking on the condition of anonymity told The Associated Press that authorities are trying to find 67-year-old Aparecida Schunck. The official has knowledge of the investigation but is not allowed to speak publicly, as is the norm for Brazilian law enforcement officials during ongoing...