Pastor Maldonado will once again compete in Formula One's world championship next year, after Williams announced the Venezuelan will retain his seat for the 2012 season.
Formula One team Williams has announced an increase in profits for the first half of 2011.
Williams will revert to using Renault engines in the 2012 and 2013 Formula One seasons, restoring a partnership that led to the most successful era in the team's history.
Williams have appointed Mike Coughlan, who was banned for two years for his part in F1's "spygate" scandal, as their chief designer after a poor start to the 2011 season.
Pastor Maldonado, Venezuela's first Formula One driver for 27 years, has told CNN he is not a "pay driver" and is worthy of a place with the Williams team.
The Williams F1 team will be the first from the motorsport to offer shares on the stock market, it announced on Wednesday.
British Formula One team Williams will have an all-South American line-up next year, with Pastor Maldonado signing up to drive alongside Rubens Barrichello.
Young German driver Nico Hulkenberg is looking for a new Formula One team after failing to agree a contract extension with Williams, the motorsport's official website reported on Monday.
CNN's Colleen McEdwards shows us on a map of Haiti that reveals how sprawling the country's slums are.
Brazilian Rubens Barrichello will drive for Williams next season after switching from this year's constructors' champions Brawn GP.
Heikki Kovalainen prevented practice for the inaugural Abu Dhabi Grand Prix from being an all-British affair as he topped the timesheets after the second session.
Williams founder Sir Frank Williams is not one for the limelight.
Japan's Kazuki Nakajima has landed the second driver place at Formula One team Williams for the 2008 season.
Williams test driver Kazuki Nakajima will make his grand prix debut for the team in Brazil later this month after being named as the replacement for Alexander Wurz, who retired on Monday.
Williams driver Alex Wurz has confirmed his retirement from Formula One with immediate effect.
Austrian test driver Alexander Wurz will replace Australian Mark Webber in the Williams line-up next season -- the Formula One team have announced.
Williams have thrown Indian Narain Karthikeyan a Formula One lifeline by appointing him as their second test driver for 2006.
Nico Rosberg will race for Williams next season after signing a long-term contract, the Formula One team have confirmed.
Brazilian Antonio Pizzonia will stand in for Williams driver Nick Heidfeld in Sunday's Belgian Grand Prix at Spa, the F1 team have said.
Antonio Pizzonia had a Formula One drive with Williams almost sewn up until Nick Heidfeld came into the picture, Frank Williams has admitted.
British Formula One driver Jenson Button will stay at BAR next season after a tribunal backed the team in a contract dispute with rivals Williams on Wednesday.
Jenson Button's Formula One future should be decided on Saturday at a hearing that will also determine several other drivers' hopes for next year.
German Ralf Schumacher will finally return to the cockpit at Silverstone on Tuesday after spending the last three months on the sidelines through injury.
The hearing to decide which team Briton Jenson Button will drive for next season will begin two weeks on Sunday, Williams-BMW team principal Sir Frank Williams said in Monza.
BAR chief Dave Richards has reacted angrily to Jenson Button's announcement that he intends to quit the team to return to Williams next season.
Brazilian Antonio Pizzonia, dumped by Jaguar last year, will make his Formula One comeback with Williams at next week's German Grand Prix.
Australian Sam Michael is taking over from Williams' co-founder Patrick Head as technical director, the Formula One team have confirmed.
Ralf Schumacher wants to stay at Williams next year and will take a cut in his basic pay to do so, according to manager Willi Weber.
Formula One star Ralf Schumacher did a U-turn on Monday a day after he reportedly threatened to leave the Williams team in a row over his new contract details.
Formula One team BMW Williams launched their new car on Monday and set themselves the target of challenging Ferrari's F1 supremacy.
Baby-boomers haven't been this concerned about the condition of their joints, it's safe to say, since the day it rained at Woodstock.
"I've disappointed a lot of people, mainly myself. I've destroyed my life." So ends the latest cautionary tale of charities with lax accounting practices, this time involving the American Parkinson...
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