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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.

Forza Motorsport 3: Microsoft's latest offers 100 tracks, 400 cars, 300,000 polygons

Even if you were an international billionaire playboy car collector (and, this being AutoWeek, some of you are), you probably would not own more than 100 or 200 cars. If you could own a racetrack, you probably could not afford more than one. You could not jet around the world on a whim--especially with all those cars--to drive whatever track you were in the mood for at the moment.

Volvo V60 Polestar (2013) first official pictures

By Ollie Kew First Official Pictures 26 November 2013 10:00 This is the new Volvo V60 Polestar: a production-ready, 342bhp estate that Volvo will sell in the UK in 2014. That’s right, after the concept-only S60 Polestar and C30 Polestar, Volvo’s finally putting its performance arm’s money where its mouth is. American and mainland European buyers will be able to buy a saloon S60 Polestar, but we Brits only get the wagon V60.