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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.

Video: Stuntman flips over charging Lamborghini

This might be the coolest video we’ve seen this week: a stuntman at last week’s Top Gear Festival at Sydney Motorsport Park in Australia flips over a charging Lamborghini Murcielago. The supercar isn’t traveling even close to peak speed, but the stuntman’s timing, vertical jump and acrobatics are impressive enough. The festival combined a slew of motorsport spectacles and stunts, hosted by UK Top Gear presenters Jeremy Clarkson, James May and “The Stig.”

Second Fisker Karma fire under investigation

Investigators hired by Fisker Automotive are looking into a Fisker Karma plug-in hybrid sedan that caught fire on Aug. 11 in a suburb outside San Jose, Calif. This is the second instance of a fire involving a Karma in the last three months.