It"s no secret that...
It"s no secret that the Korean company is aiming to shift upmarket with a raft of new models. But top brass at the firm are now considering the launch of a new luxury offshoot, just as Toyota has done with its Lexus-badged cars.
There will be a low-cost...
There will be a low-cost F1 option in 2010 - that"s the news from the FIA, as they revealed that teams will be able to sign up to a £40million budget cap for next season.
In return for cutting costs, these outfits will be given greater technical freedom, including the use of novel
aerodynamics and engines that arenð€™t subjected to a rev limit.
They will also be allowed unlimited testing, while engine development costs, driver salaries and hospitality will
not be included in the £40m budget. However, the teams have not fully embraced the new rules, claiming a two-tier championship is not viable.