Lewis Hamilton will have to pay $335,700 for his licence to race in Formula One in 2008.
Force India signed off its three-day testing in Valencia in style, with its Italian driver Giancarlo Fisichella completing 96 laps and clocking just under two seconds behind time-sheet topper Kimi Raikkonen of Ferrari.
The 23-year-old McLaren driver kissed goodbye to his championship lead with the most embarrassing moment of his fledgling Formula One career.
Poland's Robert Kubica took his and BMW Sauber's first Grand Prix victory to wrest the Formula One championship lead from McLaren's Lewis Hamilton on a miserable afternoon for the Briton.
Rediff readers debate the controversies surrounding Formula One.
Vijay Mallya's die-hard optimism finally gave away and the Force India owner could not hide his disappointment after Adrian Sutil's fairytale race in the Monaco Grand Prix came to a heart-breaking end in Monaco on Sunday. Sutil was running fourth and with seven minutes to go looked certain to pocket four championship points when Ferrari's Kimi Raikkonen rammed into the back of the VJM01 car he was driving, putting paid to his hopes of a dream-come-true finish.
Nico Rosberg won a dramatic Australian Grand Prix on Sunday after a bungled tyre strategy dashed Sebastian Vettel's chances of a season-opening triumph and Fernando Alonso survived a spectacular crash that left his McLaren wrecked.
Ferrari's new champion Kimi Raikkonen was fourth on the timesheets.
Formula One championship leader Lewis Hamilton ended Ferrari's domination of French Grand Prix practice with the fastest time in Saturday's final session.
Lewis Hamilton said he had let down McLaren after a starting grid error cost him and his team the Formula One championship lead in Bahrain on Sunday. The Briton finished 13th at Sakhir and was overtaken in the standings by Ferrari's world champion Kimi Raikkonen.
Ferrari have by far the best record at a circuit named after their late great Gilles Villeneuve, with 10 wins there since 1978.
Brazilian Felipe Massa secured pole position for the Malaysian Grand Prix on an all-Ferrari front row.
Team by team analysis of Sunday's US Formula One Grand Prix at the Circuit of the Americas.
The German's future remains uncertain even if he has said repeatedly that he expects to be in Formula One next season.
Felipe Massa took pole position for the Brazilian Grand Prix on Saturday with McLaren's Lewis Hamilton taking second place.
Driver line-ups and race numbers for the 2006 season after the governing International\nAutomobile Federation issued the official entry list.
The 22-year-old McLaren driver needed to win or finish ahead of team mate Fernando Alonso and Kimi Raikkonen at the Chinese Grand Prix to win the world title but his race ended when he slid off the asphalt and into the gravel when approaching the pit lane.
Fernando Alonso believes this year's world title race ended when stewards decided not to punish McLaren team mate Lewis Hamilton.
The 22-year-old Briton will line up alongside Ferrari's Kimi Raikkonen on the front row for Sunday's race.
McLaren driver Lewis Hamilton topped the timesheets in 1:22.276 ahead of Ferrari's world champion Kimi Raikkonen in 1:22.319, on the first day of Formula One's final pre-season test in Barcelona.
Force India's Sergio Perez has said he is yet to decide if he will drive for the Formula One team next season.
Ferrari boss Jean Todt has ruled out any prospect of Formula One world champion Fernando Alonso moving to the team from McLaren next year.
Ferrari's 2008 cars lapped quicker than the new McLarens in Formula One's first official test of the year in Jerez.
Lewis Hamilton celebrated his 23rd birthday on Monday by showing off the car that McLaren hope will take him to the Formula One title as the youngest champion this season.
Formula One champions Ferrari will reveal their 2008 cars in a low-key presentation in Maranello on Sunday.
McLaren's Lewis Hamilton led the Hungarian Grand Prix from start to finish on Sunday to stretch his championship lead over unhappy team mate Fernando Alonso to seven points.
Ferrari's times were eye-catching, and quicker than anything from last year's weather-affected first four-day test at the Circuit de Catalunya.
Ferrari made a strong start to the first day of Formula One testing, on Monday, with four-times world champion Sebastian Vettel top of the timesheets at lunchtime with 72 laps completed.
Formula One world champion Sebastian Vettel limbered up for a Japanese Grand Prix that could bring him a fourth successive title on Sunday with the fastest time in Friday practice.
The 22-year-old rookie sensation pipped Ferrari's Kimi Raikkonen in the dying seconds with a stunning lap.
Formula One sensation Lewis Hamilton collected an armful of trophies at an awards ceremony on Sunday and heard Ayrton Senna's sister compare him to the late Brazilian great. 'He reminds me of Ayrton as a pilot (driver) and also as a good man,' Viviane Senna told the audience at the Autosport Awards attended by many of the luminaries of motor sport. 'We can see this in his eyes and his face.'
Brazilian Felipe Massa put Ferrari on pole position for the French Grand Prix on Saturday.
Lewis Hamilton kept championship leader Sebastian Vettel off the top of the timesheets in both Friday practice sessions for the Korean Formula One Grand Prix while Kimi Raikkonen slammed his Lotus into a tyre wall.
Ferrari have parted company with chief designer Nikolas Tombazis and engineering director Pat Fry, two of the men responsible for designing this year's car as the team endured their first season without a win since 1993.
The Mercedes driver told reporters he would seek a clarification from race director Charlie Whiting ahead of the next race in Spain.
Lewis Hamilton's lap of one minute 25.892 seconds is a track record at the Silverstone circuit.
A gearbox glitch cost Lewis Hamilton a place in the history books as Formula One's youngest world champion, McLaren team boss Ron Dennis said.
Lewis Hamilton, Fernando Alonso and Kimi Raikkonen fight for the Formula One title in Brazil on Sunday in what promises to be one of the sport's great showdowns.
Mercedes driver Lewis Hamilton will start the Chinese Formula One Grand Prix from pole position after setting the fastest time in qualifying on Saturday.
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