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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.

Audi SQ5 Exclusive – for when an SQ5 just isn’t enough

Audi are debuting a limited edition of their new SQ5 – the SQ5 Exclusive – at Paris 2012 before a limited production run of 50 cars. The new Audi SQ5 – a diesel RS Q5 in all but name – bowed in at Le Mans in June featuring the 3.0 litre twin turbo diesel V6 with 479lb/ft of torque, 309bhp and a very un-SUV 0-62mph of 5.1 seconds. As the range-topping Q5 you would think that would be enough for Audi, but it seems they think there’s a market for an even more exclusive Audi SQ5 so they’re producing a limited edition model that’ll cost an extra £30k – the Audi SQ5 Exclusive.

Volvo strikes deal for plug-in hybrid cars

Volvo Plug-in hybrid By Peter Adams Motor Industry 01 June 2009 17:15 Volvo has taken its next step towards green motoring, launching a joint venture with Swedish energy company Vattenfall to introduce plug-in hybrid cars to the market – sporting CO2 emissions as low as 50g/km. The cars, which will role out across Sweden in 2012, will be manufactured by Volvo, with Vattenfall developing the charging systems and supplying the cars with electricity. Vattenfall will be offering customers the chance to sign an agreement for renewable electricity sourced from windpower or hydropower.