The Monaco race may be one of the most glamorous and historic events on the Formula One calendar but that’s not why the drivers love it so. The real draw for them is in the challenge of the Monte Carlo circuit’s twists and turns, which rewards the brave and punishes the tiniest of mistakes. They and their teams explain why they can’t wait to get started on Thursday…

Team principal and president of the board of directors Peter Sauber has transferred a third of the stake in the Sauber Group to CEO Monisha Kaltenborn.

GP3 racer Conor Daly will enjoy his first taste of Formula One power this week courtesy of Force India. Daly will carry out an aero test for the Silverstone-based team at the wheel of the VJM05 in the UK on Thursday at Cotswold Airport in Gloucestershire.

Williams are back.

Nico Rosberg has admitted he was just grateful to limit the damage to his title chances in Spain, after another difficult Grand Prix for the Mercedes team. Rosberg, a winner in China just two rounds previously, came home seventh as he again struggled to get the best from his tyres. “A difficult weekend for us,” he said on his official website.

Pastor Maldonado had been quick throughout final practice and qualifying, but few seriously expected him to win the Spanish Grand Prix. Those in the know were tipping Lotus for glory and the black and gold cars did ultimately prove quickest – just not over 66 laps. Instead Maldonado defied his critics with a faultless maiden victory, in a superbly balanced Williams FW34, making him the fifth winner of 2012

Pastor Maldonado had been quick throughout final practice and qualifying, but few seriously expected him to win the Spanish Grand Prix. Those in the know were tipping Lotus for glory and the black and gold cars did ultimately prove quickest – just not over 66 laps. Instead Maldonado defied his critics with a faultless maiden victory, in a superbly balanced Williams FW34, making him the fifth winner of 2012

Mercedes’ Michael Schumacher has been punished by the Spanish stewards for his collision with the Williams of Bruno Senna during the Barcelona race on Sunday. Schumacher receives a five-place grid penalty for the next round in Monaco.

Williams’ celebrations of Pastor Maldonado’s Spanish Grand Prix victory have been cut dramatically short after a fire broke out in the team’s garage shortly after the race, engulfing the Barcelona pit lane in thick smoke. Mechanics from various teams took immediate action to extinguish the flames

After a bizarre Q3 session in which even the likes of Sebastian Vettel and Michael Schumacher declined to set times in the name of tyre strategy, things got even stranger when Lewis Hamilton lost his pole position due to a rule infringement. Williams’ Pastor Maldonado thus starts from P1 on the grid for the first time in his F1 career, but what was really going on in Barcelona on Saturday