Hello
73results for ""
Formula One said that the foundation would finance primarily internships and apprenticeships for under-represented groups.
The #WeRaceAsOne initiative is also to support the increasing diversity in F1 and it was also announced that a task force will be set up to tackle racism related issues in the sport.
Austria's races start the season on July 5 and 12 and will be called the Austrian Grand Prix and the Grand Prix of Steiermark (Styria), the region in which the circuit at Spielberg is located.
Formula One is expected to publish a revamped calendar early next week with a race in neighbouring Hungary, also without spectators, following on from Austria.
The race had already been postponed from its May 3 date and the decision not to hold it this year means four of the season's planned 22 races have now been cancelled - Australia, Monaco and France being the others.
The measures have yet to be approved officially by the governing FIA's World Motor Sport Council, by an e-vote due to the COVID-19 pandemic, but that is seen as a formality and likely next week.
The Liberty Media-owned sport reported first quarter revenues of $39 million on Thursday, compared to $246 million in the same period last year, with no races scheduled for Q2 either.
F1 bosses are hoping to have a shortened season in Austria in July, after the French Grand Prix was called off on Monday, becoming the 10th race on the calendar affected by the pandemic.
Formula One is introducing a budget cap next year, with teams agreed on $145 million but McLaren and others seeking a further drop to around $100 million with Ferrari opposed.
Bosworth's stepdaughter, Fia Hatsav, told that pneumonia brought on by the virus was the cause of death. Bosworth died on Thursday in New York.