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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.

Who's Where: Sangyup Lee appointed Bentley’s head of exterior design

Sangyup Lee has been appointed Bentley's head of exterior design. He reports directly to Luc Donkerwolke, head of Bentley Styling and Design and taken up the position left by Dave Hilton. Korean-born Lee joins the British carmaker from Volkswagen/Audi's Advanced studio in California, where he held the position of chief designer of Exterior from January 2010.

World premier for the Fiat Trepiuno concept at the Geneva Motor Show

Fiat has announced that its "move into the past for a fresh look to the future" is to be seen at the Geneva Show, where it shall unveil the Trepiuno. The name is very unusual (and one can't help wondering how they will spell and pronounce it outside the borders of Italy), but the car concept is not. The new small car is actually intended to be a modern remake of the Fiat 500 (not Cinquecento) success.