Formula One Chief, Bernie Ecclestone and organisers of the Indian Grand Prix, Jaypee Group have confirmed that the Indian Grand Prix has been dropped from the 2014 Formula One calendar, and will be held in the first half of 2015.

There has been intense speculation about the future of the event for the past few weeks, amid major tax issues with Indian authorities. Ecclestone said from that he and his Formula 1 management always wanted the India round early in the season, but the organisers preferred October.

When we signed the five-year deal with Jaypee, we were keen on going to India in the first half and Jaypee [...]

In 2015, we will witness the return of Honda to Formula One in collaboration with McLaren, but when you mention those two together, one man’s legacy is never far behind: Ayrton Senna. The late brazilian legend scored three world championships with McLaren, running Honda engines before his death at Imola in 1994.

In 1989, McLaren’s MP4/5 Formula One car, driven by Senna and powered by a Honda 3.5-litre V10 engine set the world’s fastest lap at the qualifying for the Japanese Grand Prix. The 1989 race at Suzuka turned out to be one of the most momentous of his career for good and bad reasons; he won, [...]

Formula 1 supremo Bernie Ecclestone has been indicted by German prosecutors on a bribery charge. The charge is related to a US $44 million payment to German banker Gerhard Gribkowsky of Bayern Landesbank, linked to the sale of a stake in F1.

Ecclestone has denied the bribery accusations, saying that the money was intended to stop the banker from exposing him to a UK tax inquiry. Gribkowsky was sentenced to eight-and-a-half years in jail in Munich.

I have just spoken to my lawyers and they have received an indictment. It’s being translated into English. We are defending it properly. It will be an interesting case. It’s a pity it’s happened.– [...]

For the uninitiated among you, The Goodwood Festival of Speed (FoS) is an annual hill climb featuring historic motor racing vehicles, held in the grounds of Goodwood House, West Sussex, England, every June/July. Visitors can expect to see lots of cars and motorbikes from over 100 years of worldwide motor racing history as well as newer models take a shot at the hill run. An immensely popular event, 1,50,000 people regularly attend the FoS. Here are some of the newer cars which were seen at the 2013 FoS, which was held over the last weekend.

Peugeot RCZ R

The Bonhams auction at the Goodwood Festival of Speed is known for hosting some iconic race cars in its history. The race car in the picture above adds to that list, and how. This Mercedes W196R was driven by legendary F1 driver, Juan Manuel Fangio, to wins in the 1954 German and Swiss Grand Prix races. When the hammer fell at the auction yesterday, it was sold for $29.65 million, making it the most expensive car ever sold at an auction. With that sale, It also earned the honour of being the most expensive F1 car ever sold and the most valuable Mercedes Benz in the world.

Red Bull driver Mark Webber has announced that he will leave Formula 1 at the end of the season. The 36-year-old Australian is joining Porsche’s new sportscar programme and will compete in the classic 24 Hours of Le Mans race for the German manufacturer.

Webber was first linked to Porsche earlier this season. He drove in sportscars with Mercedes in 1998-99, participating in the 24 Hours of Le Mans both years, before returning to single-seaters in Formula 3000 and joining F1 with Minardi in 2002. After spells at Jaguar and Williams, he joined Red Bull in 2008. He won a race for the first time with Red Bull and [...]