Sauber has revealed their hand early and has announced that Mexican driver Sergio Perez will partner Kamui Kobayashi for the 2011 Formula One campaign.

Perez, who is only 20, finished second in this years GP2 series and won four races, including the Monaca race.

This has to be one of the most spectacular crashes in Indy 500 history. The last lap of the Indy 500 and Mike Conway provided the most excitement of the whole race. Mike collided with an out of gas Ryan Hunter-Reay and hurdles into the fence backwards.

We received a great tip this morning that there was a video of the BMW M5 in action. The BMW M5 sounds like it is running a twin-turbo V8.

Another team is headed for the grid at the TT Zero electric motorcycle race, this one a Nordic outfit led by an experienced road racer modifying a Honda race bike.

The Swedish Electric Racing Team follows MotoCzyzs in committing to the TT Zero, which recently split from the TTXGP to take over the race first held last year on the Isle of Man. The team was founded by Lars “Lasse” Nilsson, a former motocrosser and road racer who also worked as a mechanic spinning wrenches for race teams.

The team has picked up some impressive hardware on which to base its bike, buying a Honda CBR 600RR ridden by Anthony West for the now-defunct Stiggy Racing World Superbike team.

“We bought the Honda CBR 600RR because the frame design is well-suited to convert to an electric system and since the new parts are about the same weight and placement, we expect the handling to be very similar to the original bike,” Nilsson said. “We are really thrilled to be participating in the world’s greatest motorcycle race, although we have a lot of work to do between now and then to get the bike ready.”

SERT has lined up Chris Palmer to ride the bike in the June 9 race, which will be held on the famed Mountain Course during the storied Isle of Man TT motorcycle races. Palmer is no stranger to the TT, having racked up three wins and four podiums since his debut in 1990.

The Lotus Racing team has signed a partnership deal with leading news network CNN, it was announced on Tuesday.

The team, which is bringing the Lotus name back to Formula 1 for the first time since 1993, said CNN’s logos will on the T127 cars during the 2010 season.

“We are very proud to welcome CNN into the Lotus Racing family,” said team principal Tony Fernandes.

“It is a sign of the positive impact we have already made in the global business market that such a prestigious brand, familiar to millions around the world as the definitive source of news and current affairs, has made the decision to partner with us.

“The whole team and I are looking forward to working with CNN in the months and years to come on some very exciting campaigns.”

The deal will be managed by CNN’s commercial ‘Partner Solutions Group’, led by Rani Raad, senior vice president CNN International Advertising Sales.

Love it or hate it, the 911 GTR 3 Hybrid with two electric engines complementing a high-powered flat-six will be wooing visitors to the Geneva Auto Show in March. Below, a new promo video for the hybrid supercar.

Jaguar has been involved in the 24 hours of Le Mans since 1951 when a C-Type won the big enduro its very first time out.

This year, instead of seeking overall victory with a prototype, Jaguar is aiming for top honors in GT2 with a production-derived XKR built by Lansing, MI based Rocketsports Racing. The JaguarRSR XKR GT2 ran some practice laps at the Petit Le Mans last fall before its competition debut in the ALMS finale at Laguna Seca. RSR owner Paul Gentilozzi will share seat time with Scott Pruett and Marc Goossens in the 24 hour race. The XKR will also be running the full American Le Mans Series season this year starting at the 12 hours of Sebring next month.

The Red Bull marketing team has to be the best in the business. Here is the latest marketing campaign for Red Bull Racing. Who needs highly-groomed world-class race tracks when a frozen lake and some rocks will do. We like this idea. F1 needs an ice-racing series, we’ll chip in the tire studs.

Introducing the 2011 Ford Fiesta Rally America car.

All the hype and talk is leading up to the first event, Sno*Drift, this weekend in Michigan. We can’t wait to see the shakedown, and some real competition between the otherwise FHI skewed lineup.

Formula One debutants USF1 and Campos are asking for five million dollars in sponsorship money to secure a race seat, according to Dutch driver Robert Doornbos.

The former Red Bull and Minardi driver currently lines up in the Indy Car series, but has revealed he was recently in discussions to rejoin F1, but could not produce the money necessary to do so.

“There are a number of possibilities we looked at,” Doornbos told NUsport.

“There were conversations with USF1 and Campos Meta were also interested, but they asked for five million dollars in sponsorship money.

“If I had that already I would rather be at the front in Indy Car then at the back in Formula One,” he added.

USF1 are yet to announce either of their drivers, while Campos have only confirmed that Bruno Senna will fill one of their seats.