Formula One

The EV giant could potentially sponsor a midfield or back-of-the-pack team at a lower cost than a top-tier team

Technology leads the top 10 F1 spending categories, hitting an estimated US$769 million

The cancellation of two of the season’s 24 races dealt a financial blow to the sport

The new rules have spiced up the wheel-to-wheel action in the first two races

Formula 2, Formula 3 and the all-female F1 Academy rounds are also cancelled

The potential costs of entering F1 could be a significant obstacle

Still, concerns remain over upcoming races in the F1 calendar, with events in Saudi Arabia and Bahrain scheduled for April

So much work has gone into producing the beating heart of the cars; this again puts their performance in the spotlight after years of relative parity

The bank will also work with F1 Academy to promote inclusion and champion female motorsport talent