Michael Schumacher is about to retire for the second time from Formula One. (Photo: Getty Images)

Red Bull To Spend Millions On Staff Title Bonus: F1 team Red Bull will pay a 10,000 British pound (US $16,000) bonus to every staff member, after winning the drivers' and constructors' championships for a third consecutive time in 2012, the Telegraph reports. The gesture will cost the energy drink-owned squad millions, but not as much as the financial windfall of winning the title as spelled out in the Concorde Agreement. Indeed, failing to leapfrog Ferrari for second place in the constructors' standings in Brazil has cost McLaren about $12 million, Telegraph journalist Tom Cary claimed.

Ferrari Switch For Vettel 'Absurd' Now - Mateschitz: Reports that Sebastian Vettel is considering a switch to Ferrari sometime soon are "nonsense." That is the claim of Dietrich Mateschitz, the reclusive billionaire owner of the energy drinks company Red Bull. He was speaking to the Austrian newspaper Kleine Zeitung after German Vettel on Sunday won his third consecutive drivers' World Championship with Red Bull. Mateschitz said: "Every driver wants to go to Ferrari one day, but for the moment (for Vettel) it is complete nonsense. While Fernando Alonso is there, it is absurd to think Vettel would go there, too." Vettel said on Sunday that his current contract with Red Bull runs to the end of 2014. "At the moment, I don't see any point thinking about another team or something else. I'm extremely happy in the position I am," said the German driver.

2013 News Could Wait Until January - Alguersuari: Jaime Alguersuari is continuing to wait on his future, admitting it might be January before he knows what he will be doing in 2013. "Not yet," the former Toro Rosso driver, and 2012 Pirelli tester, told the AS newspaper when asked if he is now ready to announce the news. "We may not be able to communicate about 2013 until January. It's also possible that it will be in the coming days." Alguersuari admitted to a certain frustration about the current situation in F1, with many talented and experienced drivers fighting against so-called 'pay drivers' for seats. "Fortunately or unfortunately, F1 is not MotoGP. If Stoner is injured, there is no substitute who can match Pedrosa or Lorenzo. But in F1 there are 10 applicants for a single seat. Merit, talent, past performance and experience are only part of what is needed," he said.

No More Spanish Team In F1 - De La Rosa: Pedro de la Rosa has admitted he left Brazil after Sunday's 2012 finale with a real sadness. HRT's owner Thesan Capital is no longer prepared to fund the Spanish backmarkers, making it likely Interlagos was the last race in the team's three-year history. "We have finished the season with so much uncertainty about what will happen now," lead driver de la Rosa told Antena 3 television. "Are we going to continue, are we changing the name? ... it makes me feel bad because when I talk to the mechanics, I don't know if it is the last time we work together. We started the project thinking it would be long term," he said. At the very least, de la Rosa acknowledged that Formula One will no longer have a Spanish team. "Whatever happens, for many reasons, the team will not be Spanish, and that's the biggest sadness I have," he said. "We will probably never see a Spanish team in Formula One again."

Razia Talking To Force India, Caterham, Marussia: Luiz Razia, the 2012 GP2 runner-up, is reportedly in talks over a 2013 race seat with Force India, Caterham and Marussia. "I am negotiating with all three," the Brazilian told Agencia Estado. "Before, it was all the teams, now only these three." The 23-year-old admitted his preference is Force India. "There is still a chance to close (a deal) with them," said Razia, referring to the vacancy alongside Paul di Resta for 2013, even though Adrian Sutil is regarded as the favorite. "But I can't afford to be choosy," he admitted. "I'm still not a F1 driver, just a wannabe." Razia said he is confident his talks will bear fruit. "Fortunately, I have good relationships," he said. "Here (F1), it's not so much about what you deserve, but what you can get. I'd like to have something by early December, so I can relax more for Christmas. Maybe next week we will have something."