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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.

Seat Ibiza Cupra Concept at 2012 Beijing motor show

Seat gave a clear indication that the hot hatch Cupra version of its Ibiza supermini isn't far away, with the Ibiza Cupra Concept at the 2012 Beijing auto show. The Spanish have a long history of producing go-faster versions of its supermini; the first Ibiza Cupra launched in 1996 and the next one, based heavily on this concept car, lands in the UK by the end of 2012. What powers the new Seat Ibiza Cupra Concept?

Morgan Aero Super Sports at Villa d’Este

The Morgan Aero Super Sports will be revealed this weekend at Villa d'Este As we’ve already said, this years event will feature, amongst may other glorious cars, the new Bugatti Veyron L’Edition Centenaire and the Aston Martin One-77. You can now add to the list the very latest Morgan – the Morgan Aero Super Sports. This is Morgan’s 100th anniversary (and they will also feature at the Goodwood Festival of Speed this year), and to celebrate Morgan has revealed their new Aero Super Sports.