Sports Mole rounds up all of the latest news regarding Formula 1 on Wednesday, July 1.

Wednesday morning's headlines:

Albon must 'earn his seat' in 2020 - Marko
Dr Helmut Marko says Alexander Albon needs to "earn his seat" in 2020. Read more.

Teams should survive corona crisis - Marko
Dr Helmut Marko thinks all of the current Formula 1 teams will survive the 'corona crisis'. Read more.

Giovinazzi says he must beat Raikkonen in 2020
Antonio Giovinazzi has admitted his Formula 1 career could stall if he is unable to beat his famous Alfa Romeo teammate in 2020. Read more.

Team boss denies McLaren at risk of collapse
Team boss Andreas Seidl has denied that McLaren could have collapsed financially in 2020. Read more.

Ferrari admits 'B' Ferrari car in the works
Ferrari has admitted it is making a "significant change of direction" with the concept of its 2020 car. Read more.

Virus means F1 teams lining up reserve drivers
Formula 1 teams are organising their respective reserve drivers as the sport prepares to get back to racing amid the corona pandemic. Read more.

Wolff admits Hamilton behind black livery idea
Lewis Hamilton was behind Mercedes' livery switch from silver to black ahead of the re-starting 2020 season, his boss has admitted. Read more.

Lando Norris hints that drivers will take a knee before Austrian Grand Prix
The McLaren driver will carry the 'End Racism' message on his car this season. Read more.

Bahrain bank loans McLaren $185m
McLaren is borrowing about $185 million from a Bahraini bank. Read more.

Zanardi still 'serious' after second operation
Alex Zanardi on Monday remained in a "serious" condition after surgeons operated on his brain for a second time. Read more.

Max's father hopes Red Bull close to Mercedes
Max Verstappen's father is hoping the new Red Bull car does not trail Mercedes' pace by more than a couple of tenths. Read more.

Leclerc admits 2020 victory will be 'difficult'
Charles Leclerc has admitted that charging for victory in Austria this weekend will be "difficult". Read more.

Vettel 'doesn't like Ferrari politics' - Marko
Sebastian Vettel "lost faith in Ferrari", according to his first Formula 1 boss. Read more.

Magnussen's F1 career in peril - John Nielsen
Kevin Magnussen will not be feeling confident about his future in Formula 1, according to former Le Mans winner John Nielsen. Read more.

Black driver has 'only respect' for Ecclestone
Amid controversy over allegedly racist comments, Bernie Ecclestone has received some support from a retired American racing driver. Read more.

F1 reinstates pre-race grid procedure for Austria
Contrary to earlier reports, Formula 1 fans will get to see the teams and drivers prepare for Sunday's Austrian GP 'ghost race' on the actual grid. Read more.