Autoblog

UPDATE: Official press release from Renault confirming Alonso's return can be read after the jump.

Emerging reports confirm that Fernando Alonso has signed a two-year contract with the Renault F1 Team, with which he won a pair of world titles before defecting to a tumultuous and disappointing year with McLaren.

The contract, according to Spanish newspaper El Mundo, will make Alonso one of the top-paid drivers currently in F1 at a staggering $50 million per season (According to the Wikipedia, Kimi Räikkönen makes $51 million/year). The deal is also reported to include minimal obligations towards Renault's sponsors, an exit clause should Alonso wish to terminate early, and clear, defined #1 status for Alonso over his team-mate.

That role, according to the reports, is set to be taken up by Nelson Piquet, Jr., who will be filling the #2 spot at Renault. The news subsequently leaves current drivers Giancarlo Fisichella and Heikki Kovalainen without confirmed rides for next season, fuelling speculation that Kovalainen could take up Alonso's now-vacant seat at McLaren, especially since news broke of Nico Rosberg's renewal at Williams.

The official announcement from Renault is anticipated shortly, and Alonso is expected to begin testing next year's Renault car at his native Spain's Valencia test track late in January.

[Source: F1-Live.com]

While Bernie Ecclestone continues to bring grands prix to new markets every year, additional locations around the world get to see part of the Formula One action through individual teams staging demonstration events.

BMW-Sauber has held several such high-profile events, returning to the Nurburgring Nordschleife and racing on ice in Switzerland, and we reported on Ferrari's demo in Barbados a year ago. The latest event, organized by the Renault F1 team and title sponsor ING, drew a staggering record crowd of 300,000 on the streets of Mexico City, where Giancarlo Fisichella and test driver Nelson Piquet, Jr. drove last year's championship-winning R26 race car for the elated crowd.

The event marked what was undoubtedly the largest F1 event in the city since the last Mexican Grand Prix was held there in 1992, though both the NASCAR Busch Series and A1GP still hold races there.

To view fans' videos from the event, follow the link to Renaultsport's blog here.

[Source: Autosport.com]

There are some misguided folks out there who think that big displacement and technology are somehow mutually exclusive. And then there's Tom Nelson of Nelson Racing Engines. His Project F Bomb engine (a twin-turbo 408 cubic inch small-block Chevy that threw down an evil 1480 HP and 1440 lb-ft) recently graced the cover of Hot Rod magazine, and he has plenty of other fine examples showing his ability to build huge power via forced induction.

The video above shows what happens when 522 cubes of big-block Chevy are subjected to 10 PSI or so of boost and stuffed into a classic Pontiac LeMans. We're going to warn our readers that a bit of rowdy driving occurs past the half-way point, so if you're easy upset by hot-testing a rev limiter on public streets, it's probably best to skip to the next post. On the other hand, if you want to see what happens when 1000 HP is applied in 3rd gear at 20 MPH, by all means roll the clip and prepare to receive some goose bumps. Polite words fail to accurately describe such a diabolic creation. Note, too, just how mild mannered this thing is when driving at sane speeds.

Of course, the best feature about such a setup is its adjustability. It can be knocked down to a mere 1000 HP or so for taking trips to the grocery store on pump gas, and then cranked up towards 2000 HP on racing fuel - if, indeed, the rest of your car (and your guardian angel) can handle that sort of power.

[Source: Nelson Racing Engines; a hat tip to JV]