Speaking at his team's Christmas lunch, Ferrari president Luca di Montezemolo explained to the assembled guests why the Maranello outfit opted to sign Fernando Alonso.

"2009 was bad, but I am confident that for next season, we can return to our winning ways." So said Ferrari president Luca di Montezemolo at his team's Christmas luncheon.

Ferrari president Luca di Montezemolo has admitted that he believes Michael Schumacher will return to the F1 grid with Mercedes next year.

Michael Schumacher has told Ferrari president Luca di Montezemolo there is a very strong possibility he will return to Formula 1 as a driver. The former world champion has been linked with Mercedes Grand Prix in the past weeks and according to Di Montezemolo it is sad news for Ferrari, but a high chance he will return to the sport he loves.

Ferrari president Luca di Montezemolo says Michael Schumacher has told him he intends to make a Formula 1 comeback with Mercedes next season.

Ferrari has set up a new initiative, to be known as the Ferrari Driver Academy, created to find and support talented young racing drivers from around the world, with the eventual aim of getting them into Formula One.

GP2 Series organizers have unveiled the 2010 calendar with eleven rounds confirmed for next season. Twelve teams will take part with Piquet GP renamed Rapax.

Flavio Briatore has this afternoon issued a statement in reaction to recent comments made by Max Mosley, former president of the FIA.

Petronas, Malaysian-owned oil and gas company and former sponsor of the Sauber and BMW teams, has revealed that it will not be associated with any Formula 1 team during the 2010 season. The brand will remain in the sport, however, as title sponsor for the Malaysian Grand Prix.

Mike Gascoyne, Technical Director of Lotus F1, admits that Jarno Trulli has always been a desired candidate for a race seat with the team ahead of next season. As the legendary team name returns to the sport for the first time in sixteen years, the Italian will line up alongside Finn and fellow race winner Heikki Kovalainen.

Belgium's Bertrand Baguette, World Series by Renault Champion, is confident that he will be able to secure the second Sauber race seat alongside Kamui Kobayashi ahead of the 2010 season. Having tested for the Hinwil team in Spain earlier this month, the 23-year-old remains optimistic.

Ex-Ferrari driver Gerhard Berger is tipped to become Renault's new team boss, plus other rumours.

Questions marks surround the future of the Turkish Grand Prix on Friday after Formula 1 commercial rights holder Bernie Ecclestone elected to almost double the race's hosting fee from next season onwards. The Istanbul event has already received much criticism this season after local attendance figures dropped dramatically.

Ukyo Katayama, who contested 97 Grands Prix in a career spanning 6 seasons, has been rescued after getting into difficulties whilst climbing Mount Fuji.

With its first Formula 1 season fast approaching, the US F1 team has confirmed a new technical partnership with Advanced Composites Group (ACG). Part of Umeco plc, the company has signed a long-term contract with the Charlotte team.

Japanese former Formula 1 driver Ukyo Katayama is rescued from Japan's Mount Fuji, but his two companions are feared dead.

Former driver Ukyo Katayama has been rescued from the snow-covered gradients of Japan's Mount Fuji, where adverse weather conditions have seriously affected the trek of the 46-year-old and are believed to have put the lives of two friends in grave danger.

Former driver Gerhard Berger has been named as a candidate for the Team Manager position at the Renault team ahead of the 2010 season. Following a buyout of the Enstone outfit by Luxembourg-based firm Genii Capital, the Austrian could return to the sport after a year's sabbatical in 2009.

Former driver Gerhard Berger has been named as a candidate for the Team Manager position at the Renault team ahead of the 2010 season. Following a buyout of the Enstone outfit by Luxembourg-based firm Genii Capital, the Austrian could return to the sport after a year's sabbatical in 2009.

Former double World Champion Mika Häkkinen is sure that a Formula 1 comeback for past rival Michael Schumacher would be a superb prospect for the sport. The German has recently been heavily linked with a possible return with Mercedes, which would also see him reunited with former Ferrari Technical Director Ross Brawn.

As the 'will he, won't he' speculation regarding Michael Schumacher's proposed move to Mercedes drags on and on and on, fuelled, not in the least, by a certain Nick Fry, the saga has suddenly taken a new twist.