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Formula One Correspondent — Reuters

Reuters Formula One correspondent. Any views expressed are my own, not those of my employer.

Formula One urged to cut costs as teams fail — Credit: Reuters/Laszlo Balogh Mercedes Formula One driver Nico Rosberg of Germany leads next to Mercedes Formula One driver Lewis Hamilton of Britain (R) after the start of the first Russian Grand Prix in Sochi October 12, 2014.

Absent teams show F1 needs to cut costs, says FIA — "These failings once again acutely raise the question of the economic balance of the FIA Formula One championship," the International Automobile Federation (FIA) said in a statement at the U.S. Grand Prix.

Button is a wanted man, says his manager — Credit: Reuters/Toru Hanai McLaren Formula One driver Jenson Button of Britain prepares to put on his helmet during the first practice session of the Japanese F1 Grand Prix at the Suzuka Circuit October 3, 2014. "I'm getting phone calls from everyone because he is an exceptional driver, he's still in his prime, everyone wants to hire him.

Formula One tweaks qualifying due to fewer cars — Credit: Reuters/Miguel Vidal Red Bull Formula One driver Mark Webber (2nd L) of Australia drives between Sauber Formula One driver Sergio Perez (L) of Mexico and Caterham Formula One driver Vitaly Petrov (C) of Russia on the first corner of the European F1 Grand Prix at the Valencia street circuit June 24, 2012.

Hamilton aims to make it 10 in Texas — Credit: Reuters/Maxim Shemetov Mercedes Formula One driver Lewis Hamilton of Britain gestures after the first Russian Grand Prix in Sochi October 12, 2014. The 29-year-old Mercedes driver can become the first British driver to win 10 races in a single season and join Nigel Mansell and the late Jim Clark as the only Britons to win five races in succession.

More F1 teams could face failure after two teams' departure — More Formula One teams could follow Caterham and Marussia into administration or failure, the former head of the sport's governing body Max Mosley warned on Monday. This week's United States Grand Prix in Austin, Texas will have just nine teams on the track, the lowest number since 2005, and Mosley feared the number could fall further.

Formula One's chickens come home to roost — Credit: Reuters/Yuya Shino Marussia Formula One driver Jules Bianchi of France drives in front of Caterham Formula One driver Kamui Kobayashi of Japan during the Japanese F1 Grand Prix at the Suzuka Circuit October 5, 2014. For the first time since 2005, there will be only nine teams in the paddock and some of them are competing in straitened circumstances.

Marussia follow Caterham into administration — Credit: Reuters/Laszlo Balogh The car of Marussia Formula One driver Jules Bianchi of France is pictured in the garage during the first free practice session of the Russian F1 Grand Prix in the Sochi Autodrom circuit October 10,2014.

Motor racing-Caterham and Marussia to miss next races; Ecclestone — Credit: Reuters/Maxim Shemetov Formula One commercial supremo Bernie Ecclestone arrives for the drivers' parade before the first Russian Grand Prix in Sochi October 12, 2014. "Neither of those two teams are going to go to America," said the 83-year-old.

Caterham and Marussia will miss US Grand Prix in Texas, confirms Bernie Ecclestone — Formula One teams Caterham and Marussia are both struggling financially Caterham are in administration and Marussia are in monetary trouble Both teams will miss US Grand Prix in Austin, Texas, says Bernie Ecclestone Marussia are still trying to come to terms will Jules Bianchi's serious injury The struggling Caterham and Marussia Formula One teams will both miss next week's US Grand Prix in Austin, Texas, the sport's commercial supremo Bernie Ecclestone said on Saturday.
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Oct 30, 2014

Today's stories from Austin: Burgers and bling, Jenson's future, cost-cutting, qualifying tweaks

Oct 30, 2014

Lewis always did wear his heart on his sleeve. Now he's wearing his art as well. #f1 #USGP

Oct 27, 2014

More from Max Mosley on F1 financial imbalance. "Split the money equally"

Oct 27, 2014

@tommillard The point is that there could still be enough cash, even with CVC creaming off squillions, for all teams to be stable.

Oct 27, 2014

Marussia #f1 team have gone into administration. Statement just out.

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