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V8 Supercar star Mark Skaife has agreed to relinquish ownership of HRT under a confidential deal which will clear him of what is understood to be a multi-million dollar debt.

AUSTRALIAN motor racing legend Mark Skaife is living in a rented three bedroom flat less than 1km away from his former Toorak mansion as he faces financial ruin.

FORMULA One boss Bernie Ecclestone says his proposal for the world drivers' championship to be decided by gold medals awarded to Grand Prix race winners is certain to be implemented in 2009.

KATIE Clements is the principal of Team Great Britain, one of A1GP's best-performing teams. She's distinguished in the macho, male-dominated realm by more than her gender.

TEAM Ireland scored a pillar-to-post victory in Sunday's A1GP feature race, but it wasn't only Irish eyes smiling with Team Australia arguably pulling off the drive of the race to finish fourth.

A SPECTACULAR crash at the start was the highlight in the sprint race at the Malaysia A1GP, eventually taken out in scintillating fashion by reigning champions Team Switzerland.

FORD racer Jamie Whincup has shored up his lead in the V8 Supercar championship after taking out race two.

AUSTRALIAN F1 driver Mark Webber has vowed to be back on his feet for the start of the Grand Prix season after suffering a badly broken leg in an accident in Tasmania.

SWITZERLAND and Ireland claimed a pole position apiece for Sunday's Malaysian A1GP on a day of qualifying heartbreak for Team Australia.

CONFIRMATION this weekend that Surfers Paradise will host A1GP racing for five years from 2009 has been met with high levels of excitement and anticipation within the industry.