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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.

Caterham 620R (2013) first official pictures

Caterham will launch its most hardcore road-going Seven ever at the 2013 Goodwood motor show. Called the 620R, the new range-topper develops 310bhp, and will hit 60mph in 2.79sec, making as fast as an a 691bhp Lamborghini Aventador. The 620R replaces the R500 in Caterham's range, and costs £49,995.

Mercedes confirms SLK55 AMG’s new 5.5 V8

Mercedes has announced details of the new eight-cylinder engine that will power the upcoming SLK55 AMG. It’s a 5.5-litre lump, and AMG promises that its new naturally aspirated engine delivers not just the performance of a V8, but also the ‘economical fuel consumption of a four-cylinder’. How much power can we expect from the new SLK55 AMG’s engine?