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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.

New Jaguar XJ Interior tease w/Video

This is all we get to see of the new Jaguar XJ interior before Thursday With only 48 hours until the new XJ gets launched at the Saatchi Gallery in London’s Kings Road – by Jay Leno, no less – Jaguar has sent us what will be the last tease – this time on the interior. We get the main-man again this time – Ian Callum, Design Boss – which illustrates just how important the interior of the new Jaguar XJ is going to be. We said the other day that the Driving Dynamics would make or break the new XJ, but this will too.

2012 European Car of the Year shortlist announced

The shortlist for the 2012 European Car of the Year award has been announced today. There were 35 cars on the original list, but the first round of voting from the 59 jury members (including CAR Magazine’s editor Phil McNamara, and our European correspondent Georg Kacher) has whittled the list down to just seven. They are… • Citroen DS5• Fiat Panda• Focus Focus• Opel (Vauxhall) Ampera/Chevrolet Volt• Range Rover Evoque• Toyota Yaris• Volkswagen Up There will now be a second round of test drives, before the European Car of the Year jurors submit their scores and a winner is announced live at the Geneva motor show on 5 March 2012.