Reports in the Brazilian media on Friday are stating that Lucas di Grassi has signed a Virgin Racing contract to drive alongside Germany's Timo Glock for the team's debut season next year. The outfit formerly known as Manor GP will be making its first official team presentation in London next Tuesday.

Speculation surrounding Michael Schumacher's full-time return to Formula 1 continues to circulate on Friday after German publication Bild suggested that the Mercedes Grand Prix team has offered the 7-time World Champion a contract ahead of the 2010 season.

The World Motor Sport Council has announced that a new F1 Stewards panel will include former F1 drivers.

The FIA has revealed that retired Formula 1 drivers are to be included in the stewards' office in order to make decisions during Grands Prix from next season onwards. The move has been a desired one amongst many fans for years and is one of the first major changes to be made by Jean Todt since inheriting the role of FIA President from Max Mosley.

The World Motor Sport Council, which met in Monaco today, has accepted the F1 Commission's proposal for a new points system.

The World Motor Sport Council, which met today in Monaco, has officially confirmed the 2010 Formula One World Championship calendar.

In the aftermath of an FIA World Motor Sport Council (WMSC) meeting on Friday, the sport's governing body has confirmed the final calendar ahead of the 2010 World Championship season. In modifications to the original plan, Abu Dhabi will retain the final race slot as the Japanese and Korean Grands Prix move back by one week each.

Ex-Formula 1 drivers will become part of the group of race officials at each grand prix.

Formula 1 governing body the FIA has confirmed that the new top ten scoring system will be in place from the 2010 season onwards. The scheme, which will award Grand Prix winners 25 points, also includes an increased margin of five points between first and second positions.

World Champion Jenson Button would be happy to see Formula 1 change to the FIA's new suggested points system ahead of his season of title defence. With the current arrangement having been in place since the 2003 campaign, the new regulations would see the top ten drivers score for the first time in the sport's history.

Andrew Benson on why seven-time champion's F1 comeback with Mercedes looks increasingly likely

World champion Jenson Button backs plans for a new Formula 1 points-scoring system in 2010.

Virgin Racing will officially unveil its first ever Formula 1 project next week. Running the team initially known as Manor GP, the Richard Branson-owned empire will enter its first F1 team in 2010 after sponsoring the championship-winning Brawn outfit this season.

Christian Horner believes that World Champion Jenson Button is taking a personal risk in moving to McLaren alongside predecessor Lewis Hamilton. With the pairing making up an all-British Champion line-up, the Red Bull Team Principal hopes that the partnership could in fact play into the hands of his own team.

Christian 'Toto' Wolff, the Austrian businessman and racer who recently purchased a minority share of the Williams team, has explained that choosing which team to buy into came through a process in which he discovered the Grove outfit to be the most appropriately set up amid current circumstances.

Australia's Network Ten has signed a new contract which will see Formula 1 remain on the channel until at least the 2015 season. The renewal of the deal confirms that the sport will be seen on the same channel in Australia as it has since 2003, with new features being thrown in.