Tire manufacturer Pirelli fears for its future in Formula One as time runs out to agree a new contract with teams for next season. Speaking after Thursday's second practice at the Monaco Grand Prix, Pirelli's motorsport director Paul Hembery says the situation is "extremely serious." Full Story.(Photo: Mark Thompson/Getty Images)
Mercedes driver Nico Rosberg posted the fastest time in the first practice session of the Monaco Grand Prix on Thursday. The German driver has been on pole position for the last two races and clocked 1 minute, 16.195 seconds to finish 0.087 faster than Ferrari rival Fernando Alonso. Full Story.
Ready to Return
Japanese automaker Honda is returning to Formula One in 2015 as an engine supplier to McLaren, recreating a partnership that was dominant in the 1980s and 1990s. Honda president Takanobu Ito announced the decision at a news conference in Tokyo on Thursday, reversing the decision made in 2008 to pull out of the expensive sport due to the effects of the global financial crisis. Full Story.