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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.

Volkswagen Iroc concept (2006): first official pictures

By Phil McNamara First Official Pictures 24 August 2006 08:01 The lowdown This is the Iroc, a sexy successor to the Scirocco coupe that Volkswagen will launch in 2008. Officially, the Iroc is a concept car, but make no mistake, this dynamic three-door is heading for production. The design doesn't share many obvious styling cues with the 1974 original.

Dakar Rally 2012 Day 2 update

The first major motorsports event of the year, the 2012 Dakar Rally, began its two-week trek across South America on Jan. 1. Four hundred and sixty-five vehicles (171 cars, 185 motorcycles, 33 quads and 76 trucks) with drivers representing 50 nationalities will attempt to cover 9,000 kilometers (more than 5,500 miles) over 14 days throughout Argentina, Chile, and Peru.