The current Victoria state administration has said that it will be looking to reduce the amount it spends on hosting the Australian Grand Prix should a new contract be agreed with FOM.
Melbourne podium star - and F1 ground-breaker - Vitaly Petrov admits he 'doesn't want to listen' when people say he is merely a pay-driver, arguing that 'there are a lot of lies written about me'
The 2011 motorsport season has really got into gear now, and we have found ourselves spoilt for choice for sexy grid girls over the month of March - check out some of the hottest right here!
Disgraced 'Singapore-gate' protagonist Flavio Briatore controversially advises Ferrari to write F1 2011 off already, arguing that the Scuderia will never catch Red Bull Racing this year
Hispania Racing owner Jos? Ram?n Carabante insists that despite its embarrassing failure to qualify in Melbourne, come Barcelona in May, HRT will be faster than both Team Lotus and Virgin
In a comment that is sure to generate debate, Lewis Hamilton has compared himself and Fernando Alonso to a modern-day Ayrton Senna and Alain Prost. And Sebastian Vettel? A poor man's Nigel Mansell...
McLaren-Mercedes star Jenson Button was left lamenting getting stuck behind Felipe Massa in today's Australian Grand Prix in Melbourne, describing his Ferrari rival as 'the most difficult person to overtake'...
Having produced two of the best performances in today's F1 2011 curtain-raising Australian Grand Prix in Melbourne, Sauber's Sergio P?rez and Kamui Kobayashi have subsequently been excluded
Mark Webber says he is 'mystified' at what he describes as 'the biggest gap that's ever existed' between himself and Red Bull Racing team-mate Sebastian Vettel in Melbourne qualifying, candidly conceding he 'probably deserved to be further back'
Current F1 2010 World Championship leader Lewis Hamilton reviews Martin Whitmarsh's success since taking over at the helm of McLaren from Ron Dennis - and admits his relationship with his father is still not back to what it once was
Road-going antics like former F1 World Champion Lewis Hamilton's 'hooning' offence in Melbourne earlier this year could soon result in on-track sanctions, FIA President Jean Todt has warned
Jenson Button might be leading the world championship once again as the F1 2010 circus returns to Europe this weekend, but the McLaren-Mercedes star's efforts and victories thus far this season have clearly not impressed everyone...
Martin Whitmarsh has sought to explain the cause of some of the character flaws that have haunted Lewis Hamilton in recent months, revealing that in some ways, the 2008 F1 World Champion is the victim of a McLaren 'experiment'
Double F1 World Champion Fernando Alonso was left waxing lyrical about the pace of his Ferrari F60 after storming back through the field from last to fourth in the 2010 Australian Grand Prix around Melbourne's Albert Park street circuit
Had he not been forced to pit for a new nose cone after being tagged by the spinning Ferrari of Fernando Alonso in Turn One, F1 comeback king Michael Schumacher reckons he could have fought for the podium in the 2010 Australian Grand Prix in Melbourne