Mercedes hinted at progress on Thursday in talks to secure their long-term future in Formula One.
Sebastien Loeb claimed the lead in the Rally of Greece on Friday, opening up a 6.5 second lead over Finland's Jari-Matti Latvala after a demanding second day in tricky conditions.
McLaren's Jenson Button set the pace in a rain-hit practice for the Monaco Grand Prix on Thursday but kept a wary eye on rivals Lotus.
Businessman Peter Brabeck, celebrating his appointment as Formula One chairman on Friday, said the motor racing series had not made a decision on whether to proceed with a much discussed $10 billion listing on the stock market in Singapore.
Indians Raj Bharath and Vishnu Prasad will begin the JK Racing Asia Series season opener at the Sepang International Circuit, 12th and 13th on the grid, respectively.
Team MRF's Gaurav Gill has set his sight on another podium finish at the Brakes Direct International Rally of Queensland, which is the third round of the 2012 FIA Asia Pacific Rally Championship (APRC).
Mexican Sergio Perez made a fresh start on the streets of Monaco on Thursday, roaring past the scene of a qualifying accident that last year landed the Sauber driver in hospital and out of the race.
McLaren's Jenson Button set the pace in practice for the Monaco Grand Prix on Thursday after morning sunshine gave way to afternoon showers.
Second practice session times
The calendar for the 2012 JK Racing Asia Series (JKRAS) was unveiled today and featured the addition of two European rounds to the series' six round calendar.
Mexican Sergio Perez made a fresh start on the streets of Monaco on Thursday, roaring past the scene of a qualifying accident that last year landed the Sauber driver in hospital and out of the race.
Formula One co-leader Fernando Alonso powered his Ferrari to the fastest time in a shortened first practice session at the Monaco Grand Prix on Thursday, finishing ahead of rookie Lotus driver Romain Grosjean and Sauber's Sergio Perez.
Formula One will chalk up a notable first if Lewis Hamilton wins the Monaco Grand Prix on Sunday.
Mumbai lad Arya Gandhi of RayoRacing (206 points) pipped Chennai's Surya Raguram of Meco Racing by one point (205) to emerge the Junior Max champion in the JKTyre-MMS Rookie Cup karting championship here Sunday.
Formula One has been given the go-ahead for a $2.5 billion share sale in Singapore, a source close to the deal told AFP Tuesday, but analysts said conditions may not be ideal after Facebook's recent disappointment.
Dehradun-born Monisha Kaltenborn is handed the reins at Sauber F1 after quietly climbing up the ladder at the Switzerland-based team.
Joe Saward writes.