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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.

Elio three-wheeler claims 672 miles on one tank of fuel

Elio Motors thinks its new three-wheeled vehicle will be the next big thing in transportation. Before your eyes roll out of your head, let's look at the claims. Top speed -- more than 100 mph.

Book Review: Car Guys vs Bean Counters

Designers are the surprise heroes of a new book by former General Motors vice chairman Robert Lutz, called Car Guys vs. Bean Counters: The Battle for the Soul of American Business. "The real car guys are in design," Lutz told me during his recent book tour.