Racing Bulls rookie Isack Hadjar has lost control of his car on the formation lap of the Australian Grand Prix, with the French driver sliding into a barrier at turn two and out of the race on Sunday.

Williams driver Carlos Sainz has crashed out of the Australian Grand Prix on the opening lap in treacherously wet conditions at the Albert Park circuit

All teams have signed Formula One's new 2026 'Concorde' commercial agreement to secure the Liberty Media-owned sport's long-term economic strength, Formula One said in a statement on Sunday. The teams include General Motors-backed Cadillac,

Formula 1 has agreed the next commercial agreement with its teams, including Cadillac's new squad, until 2030.

Formula 1 has confirmed that all 11 2026 teams have signed up to the commercial framework of the new Concorde Agreement. The new deal, the ninth Concorde Agreement in the sport, comes into effect in 2026.