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One Lap of the Web: A homebuilt KITT, and Tacoma vs. your girlfriend

Hagerty is profiling a homemade version of KITT from the "Knight Rider" TV series. Builder Chris Palmer needed five Pontiac Trans-Ams, tons of visits to eBay and hundreds of hours of work with help from friends. Check out the result here.

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.

BMW 3 Series GT Confirmed

A BMW 3 Series GT looks set to be launched with the next generation 3 Series It’s not going to be too hard to imagine how the 3 Series GT will look – think 5 Series GT on a boil wash. But BMW think there is money to be made with the GT concept, and are looking to take on the likes of the Audi A4 Avant and the Audi Q3. But don’t they already have that in the new BMW X1 and the 3 Series Estate?