Pole Position 2012 might interest you, it's a new release on Steam:
http://store.steampowered.com/app/210150
I played the 2010 version of this game...... It has to be the most useless and incomplete game i ever played.
There are no guidelines on what to do, you get thrown into the deep end and thats it, you need to figure out what to do.
Many, many years ago there was a F1 Manager that was made by EA Sports (1999 or 2000 i think) which was quite fun, but it becomes very stale and boring very fast.
After you managed and organised all the sponsers and drivers and engines, etc, the fun essentially stops.
Race day is just a map of the track with a bunch of dots on and you just tell them how to drive at certain points of the race, eg... Push it, drive carelessly, hold position, super defensive, that sort of stuff.
Thats all you did for an hour or so, and every now and then you told your drivers to pull in for a pit stop.
I for one love a good sim or management game (football manager ftw!) but this was just absolute snoresville.