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Have you ever wondered the intricacies surrounding what goes on in a Formula One car? We can try and come up with a long and detailed account of everything you need to know, or we can summarize all the pertinent facts using a simpler and easier to understand language. Either way, you’ll most likely be surprised at what makes a Formula One car work and to a lesser extent, how much one of these cars are worth out in the market.

Then again, there’s a reason why Formula One is the most prestigious racing series in the world. Check out this quick guide on what makes this Ferrari F1 car what it is and a lot more interesting facts you might not know about an F1 car.

Source: Instablogs

We don’t know which higher being was responsible for this, but it doesn’t matter; our dreams have finally come true.

It has come to our attention, through a press release no less, that SPEED Network is cooking up a new channel for its hardcore racing audience with SPEED 2. According to the press release, SPEED 2 will be all about motor racing, 24 hours a day, seven days a week. This new channel will provide live coverage of over twelve international racing series and will cover magazine shows such as Motorsports Mundial and Inside Grand Prix.

The crazy awesome SPEED2 channel debuts sometime in July, but a beta version will be available in June 2010.

“SPEED2 will be at the cutting edge of new media programming,” said Mike Biard, Executive Vice President, Fox Networks Affiliate Sales and Marketing. “Our distributors have been seeking more online content to complement their video offerings, and this network will deliver what drives viewership—exclusive live events and dramatic action—all in an authenticated online environment.”

If that doesn’t satisfy your motocross craving, we certainly don’t know what will.

Check out a list of racing events to be offered on the new SPEED2 channel in the press release after the jump

Source: SPEED

Last week, Ferrari unveiled the first details of its new Ferrari Formula Rossa roller coaster. This roller coaster is one of two that will be one of the main attractions at Ferrari World Abu Dhabi, the largest indoor theme park in the world.

During the Formula One Spanish Grand Prix weekend, Ferrari brought one of the cars that will be used in the roller coaster for a special media presentation, which was attended by Ferrari team principal Stefano Domenicali and drivers, Fernando Alonso and Felipe Massa.

The Formula Rossa roller coaster will be widely considered the fastest roller coaster in the world when it officially opens on October 28, 2010 at the Yas Marina Island in Abu Dhabi. Capable of accelerating at over 240 kmh and generating as much as 1.7 Gs, the roller coaster has to be one of the must-try attractions of Ferrari World. It uses a hydraulic winch system - similar to the equipment used in launching fighter jets - that catapults the cars out of their launch area by using a shriek-inducing 20,800 horsepower, enough to make even the most hardcore of roller coaster riders soil their pants.

Source: GT Spirit

We really didn’t see the point of having it in the first place, but ever since Ferrari decided to put some subliminal messaging on the bar code of the Ferrari F10’s engine covers, the team has been under fire. What was the message? Oh, just a little subliminal reference to the tobacco brand, Marlboro. At least as far as the critics were concerned.

For the longest time, Ferrari’s F1 team has been a sponsor of Marlboro, but ever since F1 decided to ban tobacco sponsorships on any of the participating teams, the all-too-familiar Marlboro logo was removed from every Ferrari sponsorship platform, including the car and the driver’s overalls.

So, to avoid any more controversy, Ferrari decided to just get rid of the bar code and the cars driven by both Fernando Alonso and Felipe Massa in Barcelona was completely devoid of it, leaving only a simple rectangle box to replace it.

While Ferrari denied any type of guerilla marketing with the bar code design, a lot of people - including us - really didn’t see the point of having one there in the first place. And when the talk surrounding the double meaning of the bar code gained more steam, Ferrari just opted to do the prudent thing and take them out completely.

That was probably a good idea, Ferrari, because if it was meant to be some sort of subliminal message, it probably wouldn’t have worked anyway.

Press Release after the jump

Source: Ferrari

Williams’ stake in the Automotive Hybrid Power, the company that develops the KERS system, increased after the Formula One team bought more shares of the company it already had a 40% stake in.

According to a statement made by Williams, the team upped its stake to 78% and will use the technology on road-production cars, including the new Porsche 911 GT3 R Hybrid . In addition, Williams also plans to sell the technology to Tata Motors, which will be used in the Indian company’s Jaguar and Land Rover brands, as well as on buses, trains, ships, and wind power generation.

We’ll keep you posted for any developments on the matter as soon as they become available.

Some of us are content with high-def video games, but for a team with an exponentially bigger budget like Red Bull, video games are about as high-tech as a wooden bicycle. No, these guys don’t roll like that.

What they have are race simulators and pretty awesome ones at that. On the lead-up to the Barcelona Grand Prix, team driver Mark Webber got to sit behind one of the mock RB25 race simulators to try to get acclimated with the circuit before the race this Sunday. That’s the kind of technology that’s pretty prevalent in Formula One and that you won’t be able to find in any other racing series in the world.

This is actually the second video brought to us by Red Bull. A little over a week ago we posted the video of Sebastien Vettel as he made his practice runs on the simulator.

As for the rest of us, being allowed to drive this simulator is completely out of the question so we’ll have to settle for just watching the video.

The US Grand Prix may finally return to the F1 calendar starting in 2012, but if tentative plans push through, the race might not be held in Indianapolis anymore.

Instead of the Brickyard, Liberty State Park in Jersey City, New Jersey has become the favored site to host the US Grand Prix from 2012 to 2016.

According to local reports that surfaced a few days ago, a city spokeswoman has confirmed that there have been preliminary discussions between city officials and their F1 counterparts regarding the possibility of Jersey City becoming the official site of the US GP.

The rumors began gaining steam after documents showing plans for a 3.6 mile track within the 1,200-acre park ended up on the Internet. Jersey City mayor Jeramiah Healy likewise issued a statement that while no plans have been made, Jersey City has nonetheless been approached by Formula One regarding the possibility of hosting future F1 races.

"Jersey City is one of several cities the (F1) are pursuing," the mayor was quoted as saying. "There have been a few, preliminary conversations and this is very much in the exploratory phase. However, this may not be something that is in the best interest of Jersey City or Liberty State Park," he added.

Source: GMM

If rumors indeed have grains of truth in them, then the one involving the supposed participation of the Veritas RS III at FIA GT1 World Championships should have all of us jumping out of our seats in excitement.

The German company confirmed at the 2010 Top Marques Monaco that the preparation of a Veritas RS III coupe version is one of its objectives for the upcoming season. They are currently hard at work with building a fixed-roof GT1-spec version of the piranha-looking supercar and is looking at a mid-season entry into the world of GT1 sometime in July, when the racing series heads over to the Nurburgring in Germany.

Hit the jump for the full story.

Source: Motorpasion

If you thought that steering wheels today, with all the buttons and high-tech gadgetry attached to it, are complicated, you obviously have never been introduced to the steering wheel of a Formula One car, which is so chalk-full of buttons and switches you’d think it looks more like a controller for the Xbox 360.

In this video created by Ferrari , Giuliano Salvi, a performance engineer for the no.7 Ferrari F1 car, aka Felipe Massa’s car, gives us a detailed run-down of the steering wheel that makes the no.7 car run. From the gear switches to the plethora of knobs and buttons, it’s hard enough to remember which buttons do what to the car, let alone having to do it at such high speeds that certain decisions on what button to press or what knob to turn usually comes with a window of only a few seconds, maybe less.

And you know what’s the most amazing part about that steering wheel is? According to Silva, this new steering wheel version has already been stripped down compared to last year’s model. With so many things going on in and around the car during an F1 race, it’s amazing how these guys can keep their concentrations zoned in on the race, especially with all the complexities those steering wheels come in.

Source: Ferrari

Just in case you’re wondering, we don’t get tired of seeing rally videos that reek with awesomeness. So it shouldn’t surprise you anymore that we continuously release new videos of Ken Block’s Rally Mexico adventures any time a new video pops out.

After crashing in Day 2 of Rally Mexico, Ken Block spent the third day of the race free of any pressure in regards to doing well. He, together with Alex Gelsomino, were there to wreak havoc and without anything to lose, that’s exactly what the duo ended up doing.

Check it out.

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