Latest F1 news in brief Wednesday

(GMM) Michael Schumacher has once again sided with Ferrari, and other carmakers threatening to quit the sport, in the budget cap dispute. "The solution can only be that it suits those teams that have built up F1 to the state that it is now," the former seven time world champion said on the Italian team's website.

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For a third straight year, the 40-year-old German Schumacher will team up with young countryman Sebastian Vettel at the Race of Champions event, which this November is to take place for the first time at Beijing's Bird's Nest stadium.

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Fernando Alonso will travel to Rotterdam in mid August to drive his Renault across the Willemsbrug bridge for the Bavaria City Racing event.

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FIA president Max Mosley's 39-year-old son Alexander died at his London home of cocaine intoxication last month, the Westminster coroner declared at an inquest on Wednesday.

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At the Nurburgring F1 race next month, Nick Heidfeld will wear a helmet livery designed by one of his fans in a competition. Afterwards, it will be auctioned for charity.

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Niki Lauda admitted during an interview with Germany's 'Zeit' published Wednesday that an advertiser currently pays 1.2m euros for the space on his famous red cap. He said the very first deal for his cap, worn to disguise the scalp damage caused by his fiery 1976 crash, was for 100,000 euros.