Renault follows Ferrari in threatening to pull out of F1 in 2010 because of budget capLONDON — Renault is following Ferrari in threatening to withdraw from next season’s Formula One world championship because of the budget cap imposed by the sport’s governing body. Ferrari says it won’t enter cars in Formula One next season unless budget cap is revokedMILAN, Italy — The storied Ferrari team threatened to not race in Formula One next season unless the sport’s governing body revokes its new budget cap. Governing body FIA increases voluntary F1 cap for 2010 to $59 million; 26 teams on gridPARIS — Formula One’s governing body raised a voluntary budget cap to $59 million Thursday, banned refueling during races and opened the starting grid to an additional three teams from 2010. Reigning Formula 1 champ Lewis Hamilton’s McLaren team set for special hearing in ParisPARIS — The chief of Formula One team McLaren said Wednesday that the team had apologized for lying to race officials and awaited a decision from F1’s ruling body on possible sanctions. Lewis Hamilton and McLaren team await their fate at World Motor Sport Council hearingPARIS — Formula One champion Lewis Hamilton’s title defense is in disarray just four races into the season, and things could get worse when his McLaren team faces charges of bringing the sport into disrepute at Wednesday’s hearing in Paris. IndyCar drivers ready to tackle first oval of the season at Kansas SpeedwayKANSAS CITY, Kan. — Racing an oval seems simple enough: accelerate down the straightaway, turn left, do it again. Michael Schumacher expects hard F1 season for Ferrari, but warns against writing team offFRANKFURT — Former Formula One champion Michael Schumacher says Ferrari should never be written off, even though his former team has not won a point in the first three races this season. |
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