March 21 – The European Commission approves CVC's takeover of the majority of SLEC Holdings, parent company of the Formula One Group. [23]
March 23 – The FIA announces new regulations for the 2008 season and beyond. Although subject to change measures include return of slick tyres, a ban on tyre warming devices and a three year engine design freeze. [24]
March 27 – The five 'rebel' GPMA car manufacturers lodge applications for the 2008 season. The likelihood of a breakaway series has reduced as a result. [25]
April 20 – Renault, rumoured for the past two years to be considering an exit from F1, suggests it is prepared to commit for the long term if costs continue to be reduced. [31]
April 28 – The FIA confirms the teams which will be competing in the 2008 Championship. They are the current 11 teams plus David Richards’ Prodrive. [33]
May 27 – Michael Schumacher is demoted from pole position to 22nd for the Monaco Grand Prix after stopping his car during qualifying. Schumacher and Ferrari maintain it was a mistake, however stewards stated "we are left with no alternative but to conclude that the driver deliberately stopped his car on the circuit."[39]
July 25 – Formula One bosses have banned, on safety grounds, the two vertical white fins used by BMW Sauber at the French Grand Prix. The fins were nicknamed "Twin Towers" after BMW sponsor Petronas' buildings in Kuala Lumpur. [43]
July 27 – WilliamsF1 and Toyota confirmed that an agreement has been reached yesterday evening between the two parties for a three year Formula One engine supply partnership. The agreement will see WilliamsF1 powered by Toyota engines commencing with the 2007 season. [45]
July 31 – Renault are granted permission to use their "mass damper system" in the Hungarian Grand Prix. The FIA will continue to pursue a ban, but advised that it will not punish teams retrospectively for using the system. [46]
August 2 – Williams announce that Austrian driver Alex Wurz will partner Nico Rosberg as Williams race driver in 2007. Current driver Mark Webber failed to reach an agreement during contract extension negotiations. At the time, Webber was strongly rumored to join Renault for 2007, however days later Webber signed for Red Bull Racing.
August 4 – Former Toyota F1 driver Cristiano da Matta has been critically injured following a collision with a deer whilst testing his Champ Car [48]. da Matta is reported to have suffered a Subdural hematoma and is in a medically induced coma.
August 6 – Jenson Button wins the wet Hungarian Grand Prix in a Honda to win his first GP. Title contenders Fernando Alonso and Michael Schumacher both failed to finish, although the German managed to score a single point.
August 7 – Red Bull Racing announce that Mark Webber and David Coulthard will serve as Red Bull drivers in 2007. Webber comes to Red Bull from Williams, while Coulthard has been driving for Red Bull since 2005. The signing of Webber signals the end of Christian Klien's time with the team which extends back to their previous incarnation as Jaguar Racing. Ironically, Klien's team mate in Jaguar's final year was Mark Webber. [49]
August 22 – Honda F1 have parted company with technical director Geoff Willis by mutual consent, according to a statement released by the team. The move comes after Shuhei Nakamoto was promoted above Willis to the new role of senior technical director following a poor start to the season. [50]
August 23 – Mass dampers are banned by the FIA International Court of Appeal, overturning the ruling of FIA stewards at the 2006 German Grand Prix. [52]
September 6 – Silverstone has announced that it will give fans $95 back if they buy an adult grandstand seat before the end of September 2006 and Jenson Button wins the race in July next year. [59]
September 19 – The National Sporting Authority of Turkey (TOSFED) and the organisers of the Turkish Grand Prix (MSO) have been given a $5 million fine by the FIA after the debacle on the podium of the 2006 race. [66]
December 8 – The rule changes planned for the 2008 Formula One season with the aim of making overtaking easier have been put back by a year after the teams stated that they believed the solution that the FIA produced was flawed. [84]
