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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 Audi A3 price from £19,205

Audi has revealed that the new 3 door Audi A3 will cost from £19,205 with first UK cars due in September 2012. The new Audi A3 debuted at the Geneva Motor Show back in March and, despite looking almost the same as the old A3, is actually an all new offering from Audi. The new A3 gets a longer wheelbase thanks to the new MBQ platform, which gives more cabin room despite the almost coupe-like looks and a drop in weight thanks to aluminium bumpers and bonnet and high-strength steel.

BMW designer Schaffer to lead U.S. studio

Laurenz Schaffer, an 11-year veteran of BMW AG's design staff, will take charge of the automaker's studio in California on Dec. 1. He will replace Verena Kloos, 48, as president of DesignworksUSA.