British racing fans had lots of reason to celebrate this year. Not only did their golden boy Lewis Hamilton win the Formula One World Championship, but their star cyclist Chris Hoy took home three Olympic gold medals from the Beijing Olympics. But the ultimate face-off between man and machine is just gearing up as organizers of the annual Race of Champions have announced the two will face off next month at Wembley.

Newly-crowned Formula one world champion Lewis Hamilton may have to wait a little while longer to get his hands on that bright orange McLaren F1 LM, but what does he drive in the meantime?

Click above for hi-res gallery of the McLaren F1 LM

We reported ex-Fiat boss Frank Stephenson was tasked with a clean-sheet redesign of the upcoming McLaren supercar, codenamed the McLaren P11, just two months ago. Now we are hearing word that the exotic has been totally redesigned and is scheduled for a launch in 2010. Prototypes of the two-seat, mid-engined coupe (and convertible) are in testing as you read this.

Click above for high-res gallery of the 2008 Brazilian Grand Prix

It doesn't get any closer than this. A photo-finish has nothing on the last-minute - make that last-second - end to yesterday's Brazilian Grand Prix, the ultimate decider of the 2008 FIA Formula One World Championship. Even if you were watching it, chances are you might have missed it. It was that close.

After teasing us with a video montage of the Hamann Volcano, the tuner has finally released details on its reworked Mercedes McLaren SLR supercar.

Click above for a high resolution image of the record setting McLaren F1

McLaren has several fingers in a handful of pies, and with its tenure with Mercedes-Benz coming to an end, it has more time to focus on expanding its range to compete with the big boys from Ferrari, Lamborghini and Porsche.

According to CAR, three new models are being developed, spanning the range from a modern-day F1 to a $96,000 (£60,000) "entry-level" halo sports car that takes aim at the Porsche 911. The new coupe will utilize McLaren's extensive fabrication and materials experience, but at a sub-$100k price point, don't expect construction methods akin to its greatest hits. Power could be provided by a M-B mill, but McLaren isn't ruling out the development of its own engine.

Click for a hi-res gallery of the current Force India VJM01

So far, the Force India team has had a consistent season in Formula One. Unfortunately, that means consistently running at the back. But Indian business mogul Vijay Mallya is committed to making a go of it, and the latest deal in the works could give his team the machinery they need to start moving up the field.