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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.

Volvo confirms big production increase for V60 Plug-in Hybrid

Volvo has been building around 150 V60 Plug-ins a week at its facility in Torslanda – alongside the regular V60, V70, S80 and XC90 – but that is now set to be upped to 282 cars a week for the rest of 2013, with plans to build at least 10,000 in 2014. The fact is that the V60 is a very appealing estate car already, and bolting a plug-in hybrid setup has turned it in to a big hit in showrooms because the barking mad official economy and emissions system bestows the V60 plug-in with emissions of just 48g/km, making it a real no-brainer in countries where governments blindly tax cars based on their official emissions. That means countries like Holland, where Volvo has received more than 3,000 orders for the V60 Plug-in, and the UK are lapping up the hybrid offering from Volvo as a way to escape big taxes and still have a swift (0-62mph in 6.1 seconds), appealing and stylish car.

Spyker Saab deal back on?

Victor Muller of Spyker has submiited a revised offer to GM for Spyker All very sad, we have to say. But also a little odd. Our esteemed leader (it’s Christmas bonus time!) was having a conversation with a friend on Friday morning on this very subject.