
Major changes this year include the departure of HRT (Hispania Racing Team),thus leaving Narain Karthikeyan without a racing seat at the moment. Michael Schumacher turned down his option of renewing his contract with Mercedes-AMG over disappointing results in the last three seasons and has officially retired as a driver from Formula One. Lewis Hamilton will be moving from McLaren to the Mercedes Team. Lewis Hamilton’s place in McLaren will be filled by Sauber driver Sergio Perez. Nico Hulkenberg is moving from Sahara Force India and is taking up a place at Sauber. Force India are yet to announce a replacement for Nico Hulkenberg.
Some changes in rules have been made for this season. A cost control measure may be introduced somewhat similar to the Resource Restriction Agreement. However, there is a voluntary agreement between teams to limit costs in the sport. Following HRT’s departure from the sport, the grid is reduced to twenty-two cars prompting a slight change in the qualifying procedure. Mid-season testing which came back in 2012 has been banned in 2013 in the interest of cost cuttig measures. A new contract between the FIA,Formula One teams and the Formula One Administration which discusses the terms by which the teams compete in races and take their share of the television revenues and prize money is currently under negotiation.