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The idea of a world without the Nürburgring seems unconscionable. Not only has it provided generations of exciting races, but it has become the measuring stick for performance credibility. While 'Ring times aren't 'official' we still pay close attention to them. Cadillac even uses those unofficial times in its advertising.

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Porsche is engaged in roundtable discussions about re-entering Formula 1. The Stuttgart automaker has been in and out of Formula 1 for decades, and now with Volkswagen making noises about entering various racing series like NASCAR, it appears all that's left to be decided is which manufacturer will go where. The latest pie to be split has an LMP1 car on one side and an F1 car on the other, with Audi and Porsche holding the forks. Audi has already said it doesn't fit with Formula 1, leaving Porsc

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A sample lap has been rendered of the track in Austin, Texas that's set to host the U.S. Grand Prix come 2012. Another Hermann Tilke-designed layout, the 3.4-mile circuit has 20 corners and plenty of elevation change; in fact, in some areas it looks more like a Disney ride than a venue for driving upwards of 200 mph. Since we're going to lose some European races to make room for the USGP, we hope it's good. Check it out for yourself after the jump. [Source: YouTube]

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A growing array of F1 teams have been developing young driver programs over the past few years. BMW ranked high among them while competing in the top-tier racing series, but in its absence, the teams it partnered with have picked up the proverbial mantle.

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The FIA may have rejected their bid to field a new team, but don't count Jacques Villeneuve and Durango out for the count just yet. According to reports from the paddock, the joint venture composed of a former world champion and an Italian racing team is going old-school in its campaign to own and operate its own F1 team.

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Is bigger better, or is less more? Chew on that one while the FIA releases the calendar for the 2011 Formula One World Championship. Packed with 20 grands prix, it's the largest the series has ever seen. And it's only going to get bigger.

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American fans of Formula One racing will recall all too easily the debacle surrounding the USF1 team. A promising venture from the outset, the team started and stalled, but – after securing a slot on the grid for this season alongside newcomers HRT, Lotus and Virgin Racing – ultimately proved to have bitten off more than it could chew. Rather than pass the resulting vacancy on to any of the other bids waiting for their shot at the big league, the FIA has reportedly opted to leave the

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Karun Chandhok does laps of the Korean GP circuit – Click above to watch video after the jump

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Ferrari Driving Academy Trailer - Click above to watch the video after the jump

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2012 Austin F1 Track – Click above for image gallery

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The World Motor Sport Council is just catching up to USF1's premature disappearance from Formula 1. The WSMC has reportedly banned the American ex-team forever – which we're guessing means the troika of Ken Anderson, Peter Windsor and Chad Hurley – from competing in F1, and fined it $382,000 as well as legal costs.

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Thirty of the greatest Formula One battles since 1935 – Click above to watch the video after the jump

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Every party in Formula One is neatly compartmentalized into groups. The rule-makers have the FIA. The bean-counters have Formula One Management. The drivers have the Grand Prix Drivers' Association. And the constructors have the Formula One Teams Association. Each party serves as an organizing body for the members it represents, and in turn lobbies to the others for what its constituency wants.

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2010 Hungarian Grand Prix – Click above for high-res image gallery

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Back in May, Formula One Group CEO Bernie Ecclestone announced that the racing organization had secured a deal with the city of Austin, Texas to bring the series to America for 10 years. All of that sounded great to American racing fans, but there have been lingering questions as to whether it was possible to get the city ready for F1 by 2012, which is when the contract is scheduled to go into effect.

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Fernando Alonso leads teammate Felipe Massa in the 2010 German Grand Prix – Click above for high-res image gallery

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2010 German Grand Prix – Click above for high-res image gallery

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