ferrari f1
Ferrari may leave F1 if standard engine approved

Could one unthinkable action be followed by another? It may be, if Formula 1 heads get their wish for a standard engine for the racing series. Both Toyota, a team near the bottom of the standings, and Ferrari, which is up near the top as it usually is, have expressed their concerns about such a plan, with both entities threatening to pull out of the racing series if such a path were taken. A Formula 1 world without Ferrari is practically unfathomable, as is seeing a Prancing Horse powered by a McLaren/Mercedes powerplant.
read more »F1 teams spent over $3 billion, Toyota the most

While we knew Formula 1 racing was an expensive venture, leave it to the 2008/2009 edition of Formula Money to spell-out the jaw-dropping finances for us. According to their latest guide, the supporting cast will shell out over $3 billion this year in team resources -- with Toyota dropping more than $445 million of it alone. McLaren is a close second at $433 million, while Ferrari rounds out the top three with $414 million coming out of pocket. If you take a look at team resources divided by points scored, each point cost Ferrari $1.9 million in 2007 (while each point cost Honda a staggering $57.2 million during the same period!). With the financial markets around the world roiled in turmoil, many are wondering when the F1 budgets are going to feel the pinch... Thanks for the tip, Keith!
read more »F1: Ferrari holds on to its Finn -- Raikkonen extends to 2010
Ferrari announced during the first practice day of this weekend's Monza GP that Kimi Raikkonen's contract has been extended by one year. This mean's he's locked into service with the scuderia until the end of 2010, which is the same time Felipe Massa's contract runs out. Terms of the extension weren't disclosed, but the fact that Ferrari re-signed the Iceman means they aren't nearly as worried about his recent form as the rest of the paddock appears to be. It also means that Fernando Alonso can now decide where he wants to go for at least two years and get the silly season officially over with.
[SPOILER ALERT] Turkish Grand Prix was dog gone good

Click above for high-res gallery of the 2008 Turkish Grand Prix
The real story coming out of this weekend's Turkish Grand Prix should be the fact that Ferrari won again and Lewis Hamilton is driving better than any other driver in F1, but a stray dog that was struck and killed on track during a GP2 Series by Bruno Senna - nephew of Ayrton, yes that Ayrton - has dominated much of the F1 headlines. There's video of it after the jump for those with hardy stomachs.
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