Formula 1: Owner Of COTA Labels US Grand Prix As "Financially Devastating"

Poor weather conditions affected the on-track action at the Circuit of the Americas for the United States Grand Prix, meaning millions of dollars were lost on concessions

Poor weather conditions affected the on-track action at the Circuit of the Americas for the United States Grand Prix.

The owner of the Circuit of the Americas (COTA) in Austin has labelled the United States Grand Prix as "financially devastating" after mixed weather conditions affected on-track action across the weekend.

Formula 1: Red Bull Hods Engine Crisis Talk With Bernie Ecclestone

Red Bull are in talks with Formula 1 boss Bernie Ecclestone to try to solve a deepening engine supply crisis that could lead them to quit the sport.

The team are finalising a split from engine partner Renault but have been unable to secure a replacement on terms that satisfy them.

Mercedes have refused to supply them and Ferrari will not sell them their definitive 2016 engines next year.

Formula 1: Renault Close To Buying Lotus

Renault's buy-out of Lotus is close to being sealed, the team's chief executive officer Matthew Carter says.

Renault have been in talks to buy Lotus for several months and the team's financial position has become precarious as time has dragged on without a deal.

Carter said: "Things are looking very positive. There is going to be a press release from Renault next week."

Formula 1: Lotus To Survive Season Despite Financial Crisis - Federico Gastaldi.

Lotus will survive "this season and beyond" despite financial troubles, according to their deputy principal. British-based Lotus, who hope former owners Renault will retake control, have faced numerous legal obstacles.

Last Monday, an HM Revenue and Customs application to put the team into administration was adjourned to next Friday, 18 September,  when practice for the Singapore Grand Prix starts.

"Don't believe the negative rumours you hear," said Federico Gastaldi.