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As countdown to the Australian Grand Prix later this month continued, Kimi Raikkonen put the Ferrari F50 atop time charts in Tuesday’s Formula One testing at Circuit de Catalunya near Barcelona, Spain. He put more than a half-second on next-fastest Kazuki Nakajima in a Williams FW31.

Starting on a damp track, the Finn a year off his world championship enjoyed morning clouds that parted for sunshine and track temperatures that neared 80 degrees Fahrenheit as he lapped the 2.8-mile course in 1 minute, 20.314 seconds. Nakajima toured in 1:20.907. Then to confirm high hopes, Rubens Barrichello followed…  Details

Ross Brawn insists Jenson Button’s sterling pace at the wheel of the new BGP001 on Monday was genuine.

Despite the Brackley based team sitting out most of the winter amid uncertainty about its future, the rebranded ‘Brawn GP’ car had heads turning at Barcelona as it went against every other rival car.

Button topped the morning session with the Mercedes-powered machine and was bettered only by the impressive BMW, Ferrari and Toyota by close of play at the Spanish venue.

But was the pace genuine or had the team drained the fuel tanks, possibly in a bid to entice sponsors?

“If everyone knew how much fuel we had on board, they would be surprised,” Brawn told Auto Motor und Sport…  Details


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Apparently, you can owe taxes for money that you should have, but don’t.

It’s called “constructive receipt” and this theory has become the center of the IRS’ case against two-time Indianapolis 500 winner Helio Castroneves.

Let’s recap an article that came out yesterday from the Associated Press. The IndyCar Series superstar took over what would have been the late Greg Moore’s ride at Team Penske in 2000.

$5 million of his $6 million contract was set to be given to Panamanian company Seven Promotions — a stipulation that was part of the deal created by… Details


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aston_martin_racing-lmp1

Following weeks of intense preparation Aston Martin Racing ran its new LMP1 cars for the first time at the Le Mans Series test held at the Paul Ricard Circuit in France on 8/9 March.

Car numbers 007 and 009 resplendent in their Gulf Oil International orange and blue livery took to the French circuit on Sunday morning. All six of the team’s drivers,…  Details