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Lewis Hamilton has Vettel in crosshairs at Canadian Grand Prix

MONTREAL - The Canadian Grand Prix has been a happy hunting ground for Lewis Hamilton, and he will look to bag a sixth career win on the island circuit on Sunday to refuel his hopes of another Formula One drivers title. With 14 races remaining on the calendar, it is far from do-or-die for Hamilton, but the pressure is mounting on the Briton and Mercedes with arch rival Sebastian Vettel and Ferrari threatening to widen the gap at the top of the championship standings. Only Michael Schumacher has won the Canadian Grand Prix more times (seven), and Hamilton intends to close the gap further in Montreal as the race marks its 50th anniversary. Hamilton needs to do so, at the scene of his first ever Formula One victory a decade ago, to reel in Vettel after the German led a Ferrari one-two in Monaco and powered 25 points clear. "Montreal has been a great hunting ground for me in the past, and I plan for it to continue," the triple world champion told reporters. With five wins and five poles from previous visits to Quebec, Hamilton would normally be the favorite, but champions Mercedes are no longer the dominant team. "The Ferrari seems to work everywhere. The next 14 races are going to be very, very difficult," he said after struggling to seventh place in Monaco. "They have had arguably the strongest car all year. They look like our car which just worked everywhere last year." The race will also mark the return of twice world champion Fernando Alonso to the Formula One grid after the Spaniard skipped the Monaco Grand Prix last month to chase IndyCar glory at Indianapolis 500. Alonso turned in an impressive performance at the famed Brickyard, qualifying fifth fastest and running at the front but late in the race suffered a familiar fate with his Honda engine giving up. Little has changed at struggling McLaren during Alonso's brief sabbatical with the team still hampered by an uncompetitive Honda engine. There is plenty of reason to party around the Circuit Gilles Villeneuve this week with the city celebrating its 375th anniversary, Canada its 150th birthday and the Canadian Grand Prix its 50th. Williams driver Lance Stroll will be hoping to contribute to the party atmosphere. For the first time since the days of 1997 world champion Jacques Villeneuve, the Canadian Grand Prix will have some true home interest with teenager Stroll on the starting grid for Williams.

Ferrari threatens to quit F1 over new engine regulations

This past week, the FIA and Liberty Media, the group that currently owns F1, announced a plan to shake up the sport's engine regulations in 2021. The new rules are intended to make things a bit more exciting, though not everyone seems to be on board. Ferrari and FCA CEO Sergio Marchionne fired back, saying that the Italian automaker isn't interested in staying if the regulations stray too far from their current course. According to Bloomberg, Marchionne said that Ferrari will only stay if there is "a set of circumstances, the results of which are beneficial for the maintenance of the brand in the marketplace and for strengthening the unique position of Ferrari." Ferrari occupies a special and unique place in the sport. It's the only team to have competed in the sport since it officially became Formula 1 back in 1950. The team even has certain veto powers not granted to any other team. No other team has more wins or more championships. It could be argued that F1 needs Ferrari more than Ferrari needs F1. If this all sounds familiar, that's because it is. It seems that every time the rules get changed, Ferrari throws up its hands and threatens to walk if things don't go its way. It may sound like whining, but Ferrari has a point. Part of what makes F1 special and different from sports like IndyCar and NASCAR is that each team builds its own cars from the ground up. Ferrari actually agrees with the cost-cutting measures but is opposed to any changes that take away from "powertrain uniqueness." Basically, Ferrari want each engine and hybrid unit to be unique. In the end, Ferrari is more likely than not to stay in F1. The team's bosses will use their weight to sway things in a direction that benefits them because they believe what's good for Ferrari is good for the sport. Related Video: News Source: BloombergImage Credit: Getty Motorsports Ferrari F1 scuderia ferrari

Seven-figure cars highlight day one of RM's Monterey auction

RM Auctions is one of several houses holding auctions during the Monterey weekend, and Friday night's festivities got quite pricey. Seven-figure vehicles were not at all uncommon during the first day of the two-day event, with the 1953 Ferrari 375 MM Spider, seen above, crossing the block for $9,075,000.
Other big earners included a pair of rare Ferraris, a 1950 166 MM Barchetta and a 1955 750 Monza Spider, which took $3,080,000 and $4,070,000, respectively. Outside of the red Italians, a 1939 Mercedes-Benz 540K Special captured $7,480,000 while a stunning, color-appropriate 1955 Jaguar D-Type took $3,850,000. We've got images of these vehicles, and a few other stunning examples of last night's auction, in the gallery above.
Thought it seems impossible, tonight's auction is expected to see even more high-dollar action. The winner of the 2012 Pebble Beach Concours, a 1928 Mercedes-Benz 680S Torpedo Roadster is expected to command over $10 million. Also crossing the block will be a car we reported on a few weeks back - a supremely rare 1967 Ferrari 275 GTB/4 NART Spyder. One of only 10 in the world, it's expected to take anywhere from $14 to $17 million when it hits the stage tonight.