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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.

Peugeot 107 Sport XS (2007): first official pictures

By Tim Pollard First Official Pictures 18 January 2007 09:30 Is this the 107 GTI, then? Nope. Peugeot's new 107 Sport XS is aimed squarely at younger drivers who want racy looks that won't break the bank.

Chris Evans buys Ferrari 250 GT California for £5m

By Tim Pollard Motor Shows 19 May 2008 10:36 The ginger motormouth is a well known fan of scarlet sports cars, but even we were surprised when UK broadcaster Chris Evans splashed out £5 million on an immaculate 1961 Ferrari 250 GT SWB California Spyder. Evans blew €7,040,000 on the black sports car, the thirteenth of just 56 built. It was the inspiration for Ferrari's latest 2+2 GT, the new California unveiled in May 2008.The car was sold at this weekend's second annual Ferrari Leggenda e Passione event at Maranello, the specialist auction of all things Ferrari and Maserati.