UBS, a major sponsor of Formula One, could be considering pulling out of the sport. The Swiss based global financial services company entered F1 in 2010, powered by its then chief executive Oswald Grubel, who had also brought the Swiss bank Credit Suisse to the sport and was a board member of the BMW-Sauber team. But Grubel is no longer in charge. UBS is now headed by Sergio Ermotti, a Swiss banker. Blick newspaper reports that, under Ermotti's new watch, the company has been conducting […]

Cosworth is for sale. Having lost its best F1 customers Williams and Caterham, in recent months it has been discussed as an open secret in the grand prix paddocks that the independent British engine supplier will not be on the grid in 2014 with a new turbo V6 power unit. Cosworth, however - still supplying V8s to backmarkers Marussia and HRT - insists it has a plan to stay in F1 beyond the current rules, even though rumours persist that it is not up to […]

Sauber came tantalisingly close to a major sponsorship deal with UBS, the Zurich based global financial services company. It emerged recently that, before deciding to sponsor the entire sport last year, UBS chief executive Oswald Grubel wanted instead to link the brand with an individual team. Blick claims that team was Hinwil based Sauber, and the newspaper has now published three 'secret' photographs to prove it. The newspaper said Grubel is friends with the similarly-aged team owner Peter Sauber, and that the sponsor tie-up came […]

Jul.12 (GMM) One of F1's non-executive directors is looking to get involved with formula one sponsorship deals.

The Financial Times reports that global communications services company WPP, headed by founder and boss Sir Martin Sorrell, is taking a mi...

Mar.3 (GMM) The Chinese grand prix has found a new title sponsor.

The Shanghai Daily reports that UBS, the Swiss global financial services company, will be added to the name of the race this year.

The news was confirmed by formula one authorities as...