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Here's how wildly expensive it is to participate in F1

The cost of competing in Formula One racing is extremely high. Not in the physical and lifestyle sense, although that too takes a major toll on each team and driver, but in a literal hand-over-the-cash sense. Each F1 team pays hundreds of thousands of dollars to enter, plus a fee for every single point the team earned in the previous season. Motorsport.com recently detailed just how absurdly pricey entering the F1 field is. According to the piece, the price of entry goes up each year due to the U.S. Consumer Price Index. For 2019, the entry fee is $546,133, and it doesn't stop there. There are additional dues required of each team based on where the team finished in the previous season. Interestingly, the winners pay more. For example, Mercedes-Benz, the constructor champion for the past five years, must pay $6,553 per point it scored in 2018. With 655 points scored, that's $4,292,215. All other teams must pay $5,459 per point. For a full rundown of what the teams will be paying for 2019, check out the full article here.Related Video:

2016 Honda Civic caught uncovered, street parked

Well, someone must have screwed up. That's the only thing that explains why an all-new Honda Civic was just left on a rainy street, completely free of camouflage, less than a week before its official unveiling. Snapped by a very observant member of the CivicX.com forums, the gray sedan reveals all the changes made by Honda while transitioning the popular New York Auto Show concept into an actual production model. The prominent C-shaped taillights remain, and the fastback shape translates really nicely from coupe to sedan, giving the new Civic a far more sporting greenhouse. Speaking of that profile, the prominent wheel arch reminds us of a Mazda3 with a shorter hood – that's no crack against the Civic's design – while the prominent chrome grille topper ties together the headlights. The result of these changes is, at least in our mind, arguably the best-looking Civic in decades. Honda has finally realized that just because a consumer only has $20,000 to $25,000 to spend on a compact car, it doesn't mean they don't care about aesthetics or style. We'll have much more on the new Civic at its official debut next week. Stay tuned. Related Video:

Honda to power new Formula Lites open-wheel racing series

Open-wheel racing is almost always incredibly exciting to watch, whether it's the constant passing of the Indy 500 on an oval or the technological tour-de-force from Formula 1. However, both of those disciplines are essentially impossible for a normal person to enter. Of course, there are already cheaper, more amateur-friendly open-wheel competitions, like Formula Vee. A new SCCA Pro Racing series called Formula Lites aims to be a step in the ladder between those, offering a development opportunity to young drivers who want to be professionals.
The series already has some impressive backers. One of the biggest needs is now filled, as Honda has signed on as the engine supplier. All of the cars in Formula Lites will use the company's K24 2.4-liter four-cylinder engine. The automaker didn't specify power output for the competition engine, but in production models the K24 has made in the neighborhood of 190-200 horsepower in many applications. That should make the racers plenty potent.
All of the cars are using the new carbon fiber FL15 chassis from Crawford Composites, and Pirelli is the series' tire supplier. The organizers' goal for the cars is to keep racing costs down, while offering a reliable platform. Formula Lites plans to start racing with a few events later in 2014, and the full calendar begins in 2015. Scroll down to read the full announcement about Honda's involvement.