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F1 Budget Cap – No two-tier system says Ecclestone

Bernie Ecclestone says there will be no two-tier system in the F1 budget cap row [ad#ad-1] All eyes have gone off the stunning start to this year’s F1 circus with the news that Ferrari, Renault, Red Bull and several other teams have threatened to quit F1 next year in protest at the budget cap proposal and the two-tier system that appears to create. In a nutshell, the FIA – lead by Max Mosley – has imposed a £40 million cap on F1 team expenditure for next year (excluding driver costs, marketing costs and transport), but has said that teams who don’t adhere to the cap can still compete, but will be handicapped. Not surprisingly, the richer teams have objected and, on the face of it, it starts to look as if F1 as we know it is going to bite the dust.

Porsche 918 Spyder races toward production

OK, let's put the usual arguments to rest first: The Porsche 918 Spyder is going to be even faster than the Carrera GT in a straight line. That's based on Porsche's own computer simulations in anticipation of the production version of the gasoline-electric-powered 918 Spyder, which is due to roll off a dedicated line within a decommissioned paint shop at Porsche's Zuffenhausen, Germany, headquarters next year. The claimed 0-to-62-mph time is 2.8 seconds; 0-to-124 mph is 8.9 seconds, and top speed should be about 202 mph, thanks in part to series of active aerodynamic functions, including a multistage rear wing.

Mercedes SLS AMG GT (2012) first official pictures

Mercedes has announced a raft of changes for its SLS AMG super-coupe, including a power bump, transmission revisions and aesthetic tweaks. The result? The new 2012 SLS AMG GT model.