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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.

Infiniti M launches at Pebble Beach

Infiniti has 'Virtually' revelead the new Infiniti M at Pebble Beach Anyway, odd launch or not, this is a big deal for Infiniti. And – for the first time – the UK and Europe will also be getting the Infiniti M, which is Infiniti’s Flagship model, aimed at the Lexus LS and – I suppose – the S Class, 7 Series and XJ, although it is slightly smaller. As we noted from the teased silhouette we saw recently, the Infiniti M seems to take a chunk of its design cues from the Infiniti Essence Coupe, which actually kicked off the Pebble Beach event a couple of days ago.

Tesla Model S starts at $57,400, tops out at $92,400 when sales start in 2012

Tesla Motors Inc., the U.S. electric-car maker that plans to build a rechargeable sedan in California, said a top-of-the-line version of the Model S will cost as much as $92,400 when it goes on sale in 2012. Tesla released detailed prices, features and options for the Model S sedan Dec.