- The new “F1 Rocks” concept has been launched by Formula One Management and Universal Music Group, with the first big event being in Singapore. LG, F1's official timing sponsor, is sponsoring the event, which will take place in Singapore's Fort Canning Park. The concerts in Singapore will span all three days of the race weekend with the line-up including the Black Eyed Peas, Beyonce, and ZZ Top, among others.
- In order to boost F1’s presence among the wider audience, Bernie Ecclestone has also announced plans for two spin-off television programmes designed to show off F1. One will be an hour-long entertainment show, including celebrity interviews and aspirational and lifestyle features while the other will showcase the live music performances.
- No test for the Champion! Williams F1 says that it will not agree to let
- There has been a rather odd story knocking about in recent days regarding a Serbian engineering company which says it is making a complaint to the European Union after its bid for an F1 entry was rejected by the FIA. The company, calling itself Stefan Grand Prix says that it believes its "rights for fair and equal competition are violated" and has asked the European Commission Competition Directorate to look at the FIA selection process, claiming that "we are forced into contract without our will, just to be "eligible" for selection". SGP claims that it felt it was forced to sign a Cosworth contract in order to get an entry. It is calling for the selection process to be declared void unless their entry were approved as well. The company is run by Zoran Stefanovic.
- BMW has reported a 76% decline in second-quarter profit as a result of the recession. The company reported that Q2 revenues dropped 11% but profits were down to $174m, compared to four times that figure a year earlier. Much of the problem is in the United States where sales have dropped by more than 25% this year. One of the biggest problems for the company is that its competitors have been offering serious discounts to get rid of unsold vehicles. BMW has cut back on its production as a result. The company says that its decision to quit Formula 1 was not related to the economic situation.
- Petronas Grand Prix is setting up a new factory in Cowley, Oxfordshire, England. It is expected to be operational for the team within a month or two.
- Virgin Racing has signed a deal with
- iSport has signed a deal with
- Ray Mallock Ltd has signed a deal with
- Durango has entered a partnership with Genii Capital, with the investment company obtaining a 45% share in the team.
- Brabham has entered a partnership with YouTube, with Chad Hurley obtaining a 25% share in the team.
- myF1dream has entered a partnership with Four Loko, rebranding the outfit as FOUR LOKO GRAND PRIX.
- Prodrive has signed a deal with Mad Croc Energy, N.Technology with CEVA Logistics, and Superfund a deal with Embratel for the 2010 season.
- Epsilon Euskadi and Minardi have submitted their F1 entries.
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- Sebastien Loeb has declined Toro Rosso's contract offer and Nico Hülkenberg has declined Williams's contract offer.
- McLaren has signed a sponsorship deal with Xnb and Force India with Jaypee Group.
- Telefónica March has merged with Lotus Racing. The new team is going to be called Telefónica March Lotus Racing, with the chassis branded Telefónica Lotus.
- Eddie Jordan is rumoured to have attracted another investor for his project, though this time, the buyer's identity has not leaked to the press.
- BMW has declined the offers it has received from Piquet Sports and USF1.