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2Adam Parr steps down as chairman of Williams

Williams without Frank Williams just wouldn't be Williams, but the elderly, wheelchair-bound founder of the eponymous Formula One team knows he can't be running things forever. That's where Adam Parr came in, but now he's on his way out.

3Waltrip, Williams racing teams settle lawsuit out of court

Racing fans on either side of the Atlantic may be familiar with the name Mike Coughlan. The controversial engineer was at the heart of the Spygate scandal between the McLaren and Ferrari teams a few years back and was subsequently ejected from Formula One. While he was waiting for his banishment to expire, he came over to the U.S. where he was working for Michael Waltrip Racing in NASCAR. But as soon as his sentence was up, he was back in F1 with the Williams team. Trouble is, his contract with

15Williams courting Volkswagen into Formula One?

Williams is intent on bringing another major automaker into Formula 1, but which will get the call? Volkswagen has toyed with the idea of entering F1 for some time. The German auto giant is one of the largest carmakers never to participate in the sport, notwithstanding Porsche and Lamborghini, which have in the past and which have since fallen under the VW umbrella. The latest reports suggest that if costs continue to drop and stability is restored, Volkswagen could field an entry – in som

4Williams sells minority stake to Austrian investor

With all the money that goes into running an F1 team, and the limited opportunity to make any of it back, we can't see why anyone would view owning a team as a sound investment. Evidently Herr Toto Wollf feels otherwise, as the Austrian financier and gentleman racing driver has acquired a minority interest in Williams Grand Prix Engineering.

5Sir Frank Williams praises fire fighters for saving factory

Since falling from its glory days of yore – when it won nine constructors championships an seven drivers titles – the Williams F1 team has been desperate to light a fire under its drivers and engineers to get back to its winning form. But we don't think this is what Frank Williams and his deputy Patrick Head had in mind.

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