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Some racing series are easier to understand than others, but to put it mildly, F1 is about as technically complex as rocket science. With 500 members of each team spending millions upon millions each year to gain an advantage. But if you thought you had managed to wrap your head around the way things work, think again, because the series is undergoing a major overhaul of its technical regulations for the 2014 season. http://www.youtube.com/watch?v=CkVGl9bD9T0 Of course, the biggest change is a switch from naturally aspirated 2.4-liter V8 engines to turbocharged 1.6-liter V6 powerplants, but that's not the sum total of the shift. The cars' hybrid component are set to play a bigger role, the aerodynamic regulations are changing, as are the exhaust system limitations and a whole mess of other details. It's enough to make your head spin at 20,000 rpm. Fortunately the BBC has put together this handy little video interviewing the experts and breaking down the changes into layman's terms that even we can understand. Watch the handy three-and-a-half-minute video primer below to get yourself up to speed on next year's F1 regulations.

The teams and manufacturers have agreed to drop the controversial 'green' engine formula which was set to be introduced in 2013. The compromise will see the cars powered by 1.6 liter V6 turbocharged engines in 2014, rather than the four-cylinders proposed earlier. The plan was outlined at an F1 commission meeting held in Heathrow. It's thought the sports stakeholders have come to a unanimous agreement, therefore securing the future of all current suppliers, including Renault, despite their interest in the four-cylinder formula. A fax vote will now take place amongst members of the FIA and World Motor Sport Council with a definite decision expected to be announced in early July. The compromise is expected to appease the opposing teams, as it offers a compromise between the two layouts. In the earlier proposal, the regulations called for the replacement of today