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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.

Ford boosts prices 0.4 percent on 2011 models

Ford Motor Co. said it boosted prices an average of $117, or 0.4 percent, on 2011 models effective Friday, April 1. The increase is because of “higher commodity costs,” George Pipas, Ford's chief sales analyst, said Monday.

McLaren P1 will smash Nurburgring & Top Gear lap records

Ron Dennis has said that the new McLaren P1 will smash lap records at the Nurburgring and at the Top Gear track at Dunsfold. But that’s as much about the run-up to Geneva as the Motor Show itself as Ferrari had managed to keep LaFerrari under warps until just a few hours before it debuted. So interest and excitement were high and LaFerrari did little to disappoint.