Gerard Lopez, the owner of the confusingly-amalgamated Lotus Renault F1 team, has angrily insisted that the current naming spat between the two rival Lotus brands was about money, and not about "passion" over the historic name.

Lotus Renault driver Robert Kubica has remained cagey on making early predictions for his 2011 season with the rebranded team, though said that he was happy that the team had adopted such an "innovative" approach to the R31 car.

The Lotus Renault team became the second Lotus F1 squad to launch their new 2011 car on Monday, with the team unveiling the new R31 in Valencia amidst hopes that this car can carry them back into the winners circle in 2011.

The Swiss Sauber Formula One team have launched their comically-bad looking C30 car, which features the same livery as their sponsor-less 2010 car, just with sponsor names now sort of painted awkwardly over a white backdrop.

The Team Lotus squad should be aiming to bring down established F1 names such as Williams and Renault by the end of the 2011 season with their new T128, according to the team's rarely-modest technical director Mike Gascoyne.

The Team Lotus squad have become the first Formula One team with Lotus somewhere in their name to reveal their 2011 contender, lifting the lid on their brand new T128 car in the early hours of Monday morning.

The new 'Senna' documentary film about the life and career of the late three-time Formula One world champion has secured one of the top awards at the often-recognised Sundance Film Festival in America this weekend.

Ferrari's technical boss Aldo Costa has slammed the 2011 rulebook for increasing the number of tasks for a driver to coordinate in the cockpit, saying that the situation had now reached "unacceptable" levels of difficulty.

The Mercedes GP Formula One team have teasingly released the first full image of their new-for-2011 W02 car on Sunday, with their brand new challenger set to make its full debut on track at the Valencia test next week.

Ferrari president Luca di Montezemolo has said that the recent rumours linking Sebastian Vettel to the Italian team in the future were completely untrue, saying that he was sure such a rumoured link was "pure fiction".

The boss of the Albert Park grand prix track in Melbourne has produced a somewhat bizarre list of countries that could knock Australia off the Formula One schedule, as the long-term future of the race continues to be threatened. 

Ferrari driver Felipe Massa says that he is sure he will be given an equal opportunity to win races within the Italian team for the 2011 season, despite the Brazilian adopting a subservient role to Fernando Alonso last season.

The Sauber team have drunkenly announced that they have secured a second big sponsorship deal with a Mexican company for the new Formula One season, this time around revealing a partnership with Jose Cuervo tequila.

Fernando Alonso is confident that the brand new 2011 Ferrari F150 will be more suited to his own driving style, having had a full season to gel with the Italian team following his move from Renault at the start of 2010.

Ferrari team principal Stefano Domenicali has warned that there will be no quick resolution to the ongoing overspending row in the sport, with the teams still yet to submit their full 2010 accounts to be checked.

Force India driving refugee Vitantonio Liuzzi could still find a way onto the 2011 Formula One grid with a drive at the backmarking Hispania Racing team, according to some dubious reports from the Spanish media this week.

Ferrari test driver Jules Bianchi says that the current testing restrictions in the sport hinder the development of young drivers in the sport, as the young Frenchman prepares for another year of busily not testing Ferrari F1 cars.

Ferrari president Luca di Montezemolo issued a battling cry to his team at the launch of Ferrari's new F150 challenger, saying that the team "have to win" the 2011 championship after their 2010 heartbreak with Fernando Alonso.

F1 oligarch Bernie Ecclestone has said that he will be more than happy to discuss the future of the sport in the city of Melbourne, after the city's mayor hinted that a "cranky" Ecclestone might look to move the GP elsewhere in future.

The Ferrari team have become the first F1 team to launch their new car, revealing their slightly silly-looking F150 car in Maranello on Friday, the car that they hope will take them to title glory in the coming year. Also, it's red.