LONDON (AP) With an overhauled car and a new driver, Williams hailed a "fresh start" Tuesday as the team looks to bounce back from its worst season in Formula One.

The British-based team allowed a sneak peek of its new FW34 at preseason testing in Jerez, Spain, with the car designed by new technical director Mike Coughlan having fewer than 5 percent of the parts from last year's car and also a new engine supplier in Renault. Read More...

JEREZ, Spain (AP) Kimi Raikkonen's Formula One comeback with Lotus got off to a perfect start as the former world champion was fastest on the first day of preseason testing on Tuesday.

The Finnish driver and 2007 F1 champion marked his first official ride since the end of 2009 with a fastest lap time of 1 minute, 19.670 seconds at the Jerez circuit for the former Renault team. Read More...

MILTON KEYNES, England (AP) Formula One champion Sebastian Vettel has predicted a closer fight for the driver's title this year because of new regulations that will prevent his Red Bull team using its pioneering exhaust-blown diffusers.

The English-based team, which has won the last two constructors' titles, rolled out its 2012 car on Monday featuring a stepped nose and a different exhaust to accommodate the rule changes. Read More...

MARANELLO, Italy (AP) Ferrari unveiled its completely overhauled Formula One car in a low-key Internet presentation Friday after the full launch was canceled due to a snowstorm.

The car was named the F2012, which marks a return to the team's traditional jargon after last year's car was called the F150 in honor of the 150th anniversary of Italy's unification. Read More...

TOKYO (AP) Japanese driver Takuma Sato has signed a deal with IndyCar team Rahal-Letterman Racing, Honda Motorsports announced on Friday.

"Rahal-Letterman Racing has a proud tradition and I look forward to driving for them," Sato said at a press conference. "I wasn't able to get a win last season but look forward to winning this year with this new team." Read More...

LONDON (AP) Sauber's technical director stood down from his role at the Formula One team on Friday, six weeks before the 2012 season.

James Key left the Swiss-based team to take up a new role in his native Britain, with the responsibility for the design and development of Sauber's 2012 car passed to the department heads for aerodynamics, design, performance and operations. Read More...