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It was the first appearance of Fernando Alonso, a Spaniard and former world champion, as a driver for Ferrari's Formula One racing team. Whenever he briefly poked his head out, crowds hooted wildly and waved red Ferrari hats and Spanish flags. Further down the paddock, where the F1 teams...
But what the big numbers and the gaudy pageantry hide is how close the sport came to a total crack-up last year, and just how rickety it remains. At times over the past few years, Formula One has looked as ungovernable as California: big teams quit, and more threatened...
More Dash Than Cash Last summer, it looked like the sport might cease to exist altogether. Angry at Formula One's decision to impose a team-spending cap, Ferrari, the oldest team on the grid, threatened to lead the biggest marques in a rival series. The teams pulled back at...
Toward the end of last season, Mosley and the teams finally compromised on something called a Resource Restriction Agreement that takes effect this season. It isn't a cap, but it clamps down on runaway costs like wind tunnels and in-season testing. The big teams can still outspend their...
DMITRI MEDVEDEV, Russian President, telling his country's Olympic officials to quit after Russia's lackluster performance at the Winter Games; the nation's Olympic chief stepped down March 3