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Daimler continues partnership with St. Moritz Art Masters Festival

Daimler will again be represented at this year's St Moritz Art Masters with the Mercedes-Benz, Maybach and AMG brands. For the fourth time, the Stuttgart-based manufacturer has taken part in the festival, taking place from August 26th to September 4th, which celebrates avant-garde contemporary art. The festival will be celebrated in St.

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.

Ironman Stewart retires, sells all

The off-road racing accomplishments of Ivan "Ironman" Stewart might never be matched: 82 major wins in desert racing, 17 of them in the crash-and-bang Mickey Thompson stadium series, three Baja 1000s and others too numerous to squeeze in here over a career that spanned 30 years. The thing that really sets him apart is that, while competitors shared driving duties over the long desert courses, Stewart did the vast majority of them alone, with no relief drivers--just him and the dirty, dusty desert. But even legends want to retire someday.