There were 2 red flags with Heikki Kovalainen and Nico Rosberg stopping on the track. Kimi Raikkonen had a hydraulics problem delaying his running in the morning.

For reference, the fastest time set at Valencia in a 2006 spec car was a 1:09.987 set by Kimi Raikkonen on the 17th of February.
The fastest time in 2005 (V10 power) was a 1:09.005 by Kimi Raikkonen.

Weather conditions were sunny with air temperature reaching 16 degrees and track temperatures reaching 24 degrees.

Renault have concluded their pre-season testing. Toyota joins the test tomorrow.

Day 1, Day 2, Day 3, Day 4

At Mugello, Ferrari continued their final pre-season test with both Michael Schumacher and Felipe Massa. Michael Schumacher set the fastest time of the day with a 1:21.974 and covered the most number of laps with 94.

For reference, the fastest time set at Mugello in a 2006 spec car was a 1:21.904 set by Michael Schumacher on the 24th of January.
The fastest time in 2005 (V10 power) was a 1:19.675 by Luca Badoer.

Weather conditions started sunny and ended cloudy. Air temperature reached 8 degrees and track temperatures reached 14 degrees.

Day 1, Day 2, Day 3, Day 4, Day 5

Best Lap Times and lap records at Testing Tracks

Valencia times
Driver	Team	Tyre	Best Lap	Number of Laps
Heikki Kovalainen	Renault V8	M	1:10.438	123
Anthony Davidson	Honda V8	M	1:10.532	146
Kimi Raikkonen	McLaren V8	M	1:10.827	74
Pedro de la Rosa	McLaren V10	M	1:10.834	109
Nico Rosberg	Williams V8	B	1:11.268	69
Mark Webber	Williams V8	B	1:11.561	86

Times according to the Valencia Circuit.

All cars in 2006 Specification except Pedro de la Rosa

Mugello times
Driver	Team	Tyre	Best Lap	Number of Laps
Michael Schumacher	Ferrari V8	B	1:21.974	94
Felipe Massa	Ferrari V8	B	1:22.481	71