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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.

Honda CR-Z Hybrid by 2010

Honda are bringing the Honda CR-Z Hybrid to market next year, based on the CR-Z Concept from 2007 Honda’s first production Hybrid – the Honda Insight, recently called the worst car in the world – has not been a resounding success. True, it looks better than the Toyota Prius but – and we haven’t driven one yet so we can’t comment from our own experience – it’s not a great car. It has also been eclipsed – after a promising start – by the Toyota Prius, which has doubled its sales in Japan.

Hyundai to eschew electric cars

Hyundai Blue2 is Hyundai's future - not electric cars We were beginning to think that we were a lone voice in the wilderness crying about the futility of the headline dive in to developing electric cars. But we’re not – Hyundai has decided to eschew electric car development. Hyundai has declared that in future they are to concentrate on hybrid car development (which we still feel offers a negative cost/benefit advantage for cheaper cars) and hydrogen fuel cells – of which we approve enormously.