The return of Formula Two

The FIA announced today that decided to resurrect the old Formula Two series which has not been in existence since 1984. The FIA hopes to create an inexpensive feeder series in which teams won't to spend more than $311,000 a year on a team.

People are finding that hard to believe. One GP2 team boss told autosport.com: "Our cars actually cost �190,000 [$300,000], and that's without the engines. If it's a junior formula, like Formula Ford or something, then fine, but you cannot run anything substantial for that kind of money. For example, a Formula BMW costs just under �300,000 [$470,000] to run per car in Europe, and that's with zero margin.
"I can't think what cars they expect to run for �200,000, because there are people spending that kind of money in karting in Europe."

No word though on whether or not this series will replace the GP2 series or how the series will be run within the F1 feeder series ladder.

FIA plans to resurrect Formula Two [Autosport.com]

Hamilton takes rain-soaked Monaco victory

Lewis Hamilton came back from a tire puncture early in the race to take the win in the Grand Prix of Monaco winning by three seconds over Robert Kubica.

"I am absolutely over the moon," said Hamilton, whose margin of victory over Kubica was 3 seconds. "To win here in Monaco is the highlight of my career and an occasion I will always remember."

Hamilton started third and qucikly took away second from Kimi Raikkonen at the start, but Hamilton bounced off a wall and quickly found himself with tire puncature and had to pit, but with pit strategy and the help of a safety car period, Hamilton quickly found himself back in the lead holding off Kubica and Felipe Massa for the victory. Mark Webber, Sebastain Vettel, Rubens Barrichello, Kaz Nakajima and Hekki Kovalainen rounded out the top eight. The win also helped promote Hamilton to the world championship lead over Raikkonen who didn't have the best of days. Raikkonen quickly found himself being penalized early in the race for not having his tires on his cars at the prestart time and then made mistakes throughout the race including knocking out Adrian Sutil who seemed to be on the greatest run of his young carrer.

The race was shortened by two laps due to the two-hour time limit in a race marred by rain and saftey car periods. Many drivers had problems keeping there cars clean and free from damage like Fernando Alonso and Nico Rosberg, who had to come in many times to change nosecones. Rosberg's day came to an end though when crashed hard in the swimming pool section on lap 58. Alonso, the defending winner of the race, finished a lap down in 10th. The Forumla 1 circus moves on to North Ameica for the Candian Grand Prix in a couple of weeks.

GP2 update: In the top step of the F1's devlopment ladder a famous name was back on top of the podium as Bruno Senna, newphew of 6 time Monaco winner Ayrton Senna, won the feature race while Mike Conway got his first GP2 win in the sprint race.

Hamilton rain-dances to victory at Monaco (Motorsport.com).