McLaren to Reveal $1 Million MP4-12C "SGP Edition" at Singapore Grand Prix

The P1 design study for a modern day F1 may be all the talk these days, but McLaren has another new model up its sleeves, one that will be unveiled during the Singapore Grand Prix this weekend.

The new car is the limited run MP4-12C "SGP Edition", of which only three examples will be built, each carrying a price tag of S$1.28 million or about US$1.05 million / €800,000. While that may sound like a lot of cash, the folks over at TeamSpeed reported that two cars have already been spoken for leaving only one up for grabs.

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Asia , F1 , McLaren , McLaren MP4-12C , New Cars , Racing

2013 Mercedes-Benz SLS AMG GT is the New F1 Safety Car

Mercedes-Benz has upgraded its F1 Safety Car replacing the SLS AMG with the newer SLS AMG GT. The GT evolution of the gull-wing model made its first appearance in a race situation at this month's 2012 Formula 1 Shell Belgian Grand Prix and will also be deployed at the upcoming Singapore Grand Prix. Read more »

F1 , Mercedes , Mercedes SLS AMG , New Cars

Formula 1: Italian Grand Prix Report

The Italian Formula 1 Grand Prix, which takes place at the Monza circuit, is an important event for the tifosi; that is, Scuderia Ferrari fans, who want to see the red cars win on their home ground.

This year, two Ferrari-powered cars were on the podium. Sadly for the Italians, only one of them was a Ferrari: that of Fernando Alonso, and it managed only third place.

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F1 , Ferrari , Mercedes , Racing , Red Bull , Reports

Formula 1: Belgian Grand Prix Race Report

After the summer break, the Formula 1 season resumed this weekend. The Spa-Francorchamps circuit in Belgium is one of the most interesting tracks in the calendar, with its famous Eau Rouge corner shorting out the boys from the men.

Two of the title contesters, however, never had the chance to go so far in Sunday’s race. In fact, they retired at the very first corner. Lewis Hamilton’s McLaren and Romain Grosjean’s Lotus collided, and the later hit the championship points’ leader, Fernando Alonso, marking the Ferrari driver's first retirement this year.

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F1 , Ferrari , McLaren , Mercedes , Racing , Reports

FIA to Launch Formula E All-Electric Car Racing Championship in 2014

Until recently, using anything other than a gasoline-powered engine in a racing car was not an option.

Audi changed that in 2006 with its Le Mans-winning, diesel-powered R10 TDI, Peugeot followed suit with the 908 HDi FAP, and suddenly race viewers and race car drivers alike were treated to a different set of sounds.

This year was even more interesting. That’s because in the 2012 edition of the 24 hour race, both Audi and Toyota fielded hybrid-powered entries, the former filling all three places of the podium and the latter showing that it was a force to be reckoned with before retiring.

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Brazil , Electric Vehicles , F1 , Racing , Reports

Watch Me Drift: Double F1 World Champion Sebastian Vettel Stars in Music Clip

Sebastian Vettel’s daily job is driving Formula 1 cars for Red Bull Racing every other weekend. Sure, he gets to do a lot of testing and the necessary promotional work for the sponsors, shaking hands and rubbing shoulders at glamorous events. Nevertheless, his job is to win F1 races and as his two back-to-back titles prove that he is quite good at it. Read more »

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Ferrari's di Montezemolo Says Increased Demand Will Result in Record Sales and Profits This Year

As a whole, the global automotive sector is facing many unknowns. China, the world’s biggest car market, is slowing down, the US, despite being on a positive track so far, is not immune to fears of a future recession, and Europe is facing the worst crisis in its recent history.

Even so, Ferrari Chairman Luca di Montezemolo expects his company to report all-time sales and operating profit highs in 2012.

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F1 , Ferrari , Racing , Reports