Hi everyone, this is F1Minute and here are your top headlines for 14th January 2008.

BMW launched their 2008 car in Munich today, and whilst there was the usual talk of being ready to challenge for the title and confidence of success, boss Mario Theissen did come up with a few tasty bits of information. Firstly, he said that BMW are in favour of the budget caps idea presented by Honda’s Ross Brawn and Nick Fry. He said with some evaluation as to how it would work, the idea is preferable to specific limitations. Secondly, Theissen announced that the team are ready to supply engines to other cars. They have no one in mind or lined up as a customer, but if the right situation arose, BMW have the resources.

Meanwhile, over at Jerez, the first day of testing kicked off with a mixture of 2007 and 2008 cars out on track. Raikkonen and Massa topped the timesheets in their new cars, with de la Rosa in the McLaren close behind. Liuzzi debuted as test driver for Force India and posted a respectable 11th fastest time, whilst Super Aguri struggled with mechanical problems. Tester James Rossiter only completed 10 laps and the team remained at the bottom of the times.

That’s all for today, please join me tomorrow for another F1Minute.