Formula One Ferrari driver Felipe Massa, 28, suffered a life-threatening skull fracture after an accident during Hungarian Grand Prix qualifying on Saturday. He is in stable condition following emergency surgery.

More details have emerged over the weekend after the surprise announcement last week of Honda's intention to sell its Formula One racing team, Honda Racing F1. The team management, Nick Fry and Ross Brawn, have already announced confidence in their ability not only to find a buyer for the team but also to deliver the performance expected of Honda's 2009 car.

Ferrari driver Felipe Massa becomes the winner of the FIA Formula One 2008 Telefónica Grand Prix of Europe at the street circuit of Valencia, Spain on Sunday after his engine failed on a dying laps of the previous race. It became 100th win in Formula One for the Brazilian driver.

Two-time world champion Fernando Alonso could be one of the new drivers of Formula One team Renault, as the team will reportedly change its drivers for next season.

There is a new twist in Formula One's spying scandal. The sport's governing body accused Renault of possessing confidential information belonging to rival team McLaren.

Michael Schumacher will return to the track to test drive for Ferrari next week. The seven-time F1 champion, who retired after the 2006 season, will get behind the wheel of Ferrari's 2007 car at Barcelona, Spain, on Nov. 13 and 14, team spokesman Luca Colajanni said Tuesday.

Victorian taxpayers lost $35 million on Melbourne's Formula One Grand Prix this year and many are now asking whether it was really worth it.

Fernando Alonso's stormy year with McLaren came to a shuddering halt with the announcement that the Spaniard was tearing up his contract.

McLaren have formally lodged an appeal against the decision not to penalise three drivers in Brazilian Formula One Grand Prix because of fuel irregularities.

Lewis Hamilton must forget about winning Sunday's title-deciding Brazilian Grand Prix and concentrate on taking the bigger prize of the Formula One championship, according to Jackie Stewart.

Jenson Button re-confirmed his position as one of Formula One’s greatest wet weather exponents when he brought his RA107 home in fifth position in the Chinese Grand Prix. He boosted the Honda Racing F1 Team’s championship tally by four crucial points and achieved the team’s best performance of the season. Rubens Barrichello, meanwhile, endured a tough race to finish in 15th position.