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Hamilton tops the time sheets as F1 season kicks off

LEWIS HAMILTON recovered from the misery of completing just half a lap on his opening run to move to the top of the timesheets on the first official day of the new Formula One season. Less than five minutes into the year's first practice session at Melbourne's Albert Park, and on his maiden installation lap, Hamilton's Mercedes ground to a halt due to a sensor calibration problem that cut out the power unit. That was it for Hamilton until the start of second free practice, when he more than made up for lost time and underlined his status as championship favourite in the wake of Mercedes' impressive form in pre-season testing.

RM Monaco sale tallies $43,410,615

RM Auctions sold 87 percent of the lots it offered at its Monaco sale held last weekend at the Grimaldi Forum. The result was $43,410,615 in total sales, with six lots bringing more than $2 million and 10 lots bringing more than $1 million. A 1957 Ferrari 625 TRC Spider drew the biggest bid, selling for $6,469,848.

Chevrolet to build 100 millionth Small Block engine

The 100 millionth copy of the Chevrolet Small Block engine will roll off the production line before the end of the year--a major milestone for the brand. The Chevy Small Block V8 was first introduced in 1955, laying the foundation for decades of vehicle performance and sustaining a competitive name for Chevy in the market. "The introduction of the Small Block changed everything," General Motors vice president Jim Campbell said.