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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.

GM to slash global vehicle platforms by more than half, to 14, by 2018

General Motors says it will cut the number of vehicle platforms it uses globally by more than half over the next decade, in a bid to reduce complexity and save on product-development costs. “More of our components will be common, and more of our vehicles will be on global architectures,” GM CEO Dan Akerson told analysts on Tuesday. His remarks came as GM kicked off a series of presentations online, billed as its 2011 Global Business Conference.

VW Golf R 400 (2014) first picture

By Damion Smy First Official Pictures 16 April 2014 23:01 VW just has to make this car! The VW Golf R 400 is the most ballistic, angry VW Golf that the factory has ever built – as quick as the VW Vision GTI Concept but based on the current Golf R, so it seems tantalisingly viable for production. With a ridiculous 3.9sec 0-62mph claim, the ‘400’, named after its Porsche 911 Carrera S-matching 400PS (395bhp), will rocket into the Beijing motor show to say ‘Cop this, A45 AMG’.