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Renault joined Ferrari in threatening to withdraw from next season’s Formula One world championship because of the budget cap imposed by the sport’s governing body.

Renault said Wednesday it is frustrated that FIA adopted the new regulations while ignoring alternative plans proposed by the teams.

Like Ferrari a day earlier, Renault said it will only take part in the 2010 championship if FIA revokes the new regulations – putting pressure on the ruling body ahead of a meeting between all parties at a Heathrow airport hotel on Friday.

FIA president Max Mosley is leading the FIA’s push to curb costs, with a voluntary $60-million budget cap being made available to teams. Teams that don’t adhere to the cap will not receive the same technical freedom…  Details

Bobby Rahal just wanted to get back into IndyCar racing.

Welcome home, champ.

After missing the season’s first three races because of a lack of sponsorship money, the 1986 Indianapolis 500 winner announced Wednesday he has completed a one-race deal to put veteran Spanish driver Oriol Servia in the cockpit of his No. 17 car for this year’s 500.

“Obviously, we’re pleased that we could be back at least for the 500,” Rahal said in a telephone interview. “We’ve got a lot of work to do, we’ve got a good driver and we’ve got good people on the team. But we have a lot to think about.”  …  Details

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Brawn GP’s early season dominance has provided Formula One with an unlikely start to the season.

So far, only Red Bull seems to be able to offer Brawn GP serious competition, while traditional heavyweights Ferrari, McLaren, Renault and BMW Sauber are in the unfamiliar position of being also-rans.

Jenson Button won for the fourth time in five races Sunday at the Spanish Grand Prix to lead Brawn to a 1-2 finish with Rubens Barrichello. Mark Webber was third ahead of Red Bull teammate Sebastian Vettel, the only non-Brawn driver to have won a race this season.

The power shift that has seen the former Honda outfit arrive unexpectedly at the pinnacle of F1 has left the …  Details

mcqueen

 

Movie legend Steve McQueen’s old Triumph Bonneville Desert Sled has sold for £55,761 at auction in California, while his racing licence raised £28,232.

The 1963 Bud Ekins modified bike and FIM licence were two of the highlights of the Bonhams and Butterfields sale, which also featured a collection of Rollie Free memorabilia, and an ultra-rare …  Details