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Crashing a Formula 1 car comes at a much higher price than simply retirement from a race. In recent years, replacing the precise, unique parts damaged in a single crash has cost some teams $1m (£774,000) or more.
Crashing a Formula 1 car comes at a much higher price than simply retirement from a race. In recent years, replacing the precise, unique parts damaged in a single crash has cost some teams $1m (£774,000) or more.
Formula 1 has committed to giving €2.25 million (£1.91 million) in funding to the project to ease the entry cost for drivers and make the sport more accessible. In addition, each team is has nominated one of the drivers on the grid to run a car in their livery.
Engine manufacturers Alpine and Honda have reportedly breached the F1 cost cap in 2023, the FIA has announced. Find out more about what the budget limit is, how it works and the penalties for exceeding it
With Red Bull on the brink of championship glory once again, here’s a look back at the videos it made which explain how the team builds an F1 car. They don’t give any design secrets away, but they do remind you why Formula 1 cars take so long to construct and why they cost so much.
McLaren carefully managed what we could see of its 2022 MCL36 Formula 1 car, but Kyle Forster found plenty of clues to the car's design and aerodynamics
Teams and drivers compete for giant prize funds across the F1 season, with the ability to earn millions extra through race-to-race bonuses. Here is a full breakdown of the estimated prize money up for grabs in 2024. Red Bull's overwhelming dominance was rewarded with millions in prize money in 2023. Red Bull
This applies to most salaries, car development costs and race weekends, including transport, but does not apply to the cost of buying or developing the power unit. Drivers’ salaries are excluded, as are those of each team’s three other highest-paid staff members.
Scroll down for full details of how F1 currently awards points to the first ten finishers in each race, plus the sprint race allocation, as well as every grand prix points system that came before. Formula 1 Grand Prix points system
It's the most efficient engine in the world. And with the advent of a cost cap, plus a global switch to electric cars, Formula 1's hybrid power unit could well remain the pinnacle of petrol power for good. Engine costs are excluded from the cost cap. Mercedes