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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.

Autoweek in review: What you might have missed

Mercedes-Benz will offer its flagship SLS AMG as the 2013 SLS AMG GT late this year. It will get a boost in horsepower and a refreshing for the upcoming model year. The SRT Viper was caught on the streets of metro Detroit.

Mercedes installing EV charging at UK Dealers

Elektrobay Car Charging Points are being installed at Mercedes Dealers across the UK Maybe they planned it before the news that the new Government are considering withdrawing the planned subsidy for electric cars. Or maybe not. But whichever it is Mercedes has started installing EV charging stations at its UK dealers.