Raikkonen sets Valencia pace on final day

Raikkonen completed 88 laps over the course of the day to end it just less than two hundredths of a second up on Kovalainen, with Ferrari's Felipe Massa setting the third best time.

Kazuki Nakajima continued to show strong form in the new Williams FW30 as he set the fourth quickest time in his first run in it - just ahead of Lewis Hamilton in the McLaren.

Robert Kubica showed that BMW Sauber appeared to be making progress with their F1.08 to set the sixth best time, ahead of Sebastian Vettel in the Toro Rosso and Nick Heidfeld in last year's BMW F1.07.

Timo Glock was ninth quickest in the Toyota TF108, while Giancarlo Fisichella was an encouraging 10th fastest in the Force India.

Mark Webber continued to put mileage on the new Red Bull Racing RB4 to set the 13th best time, but the team had to end their running early after they found the chassis had a crack in it, which was beyond repair.

That came after Webber said the car's handling felt much improved after they fitted a new cockpit shroud.

Jenson Button put 76 laps on the new Honda Racing RA108, as the Japanese manufacturer ended the day at the bottom of the timesheets.

There were a total of five red flags during the day, caused by Sebastien Bourdais and Nelsinho Piquet spinning off, and Hamilton, Sebastian Vettel and Fisichella stopping on track.

Today's times:

Pos  Driver        Team                       Time     Laps
 1.  Raikkonen     Ferrari              (B)  1.11.189   88 *
 2.  Kovalainen    McLaren-Mercedes     (B)  1.11.206   89 *
 3.  Massa         Ferrari              (B)  1.11.831   96 *
 4.  Nakajima      Williams-Toyota      (B)  1.11.971  116 *
 5.  Hamilton      McLaren-Mercedes     (B)  1.11.994   84 *
 6.  Kubica        BMW-Sauber           (B)  1.12.095   86 *
 7.  Trulli        Toyota               (B)  1.12.109   96 *
 8.  Vettel        Toro Rosso-Ferrari   (B)  1.12.526  113
 9.  Heidfeld      BMW-Sauber           (B)  1.12.600   39
10.  Glock         Toyota               (B)  1.12.705   68 *
11.  Fisichella    Force India-Ferrari  (B)  1.12.949   93
12.  Piquet        Renault              (B)  1.12.973   89 *
13.  Bourdais      Toro Rosso-Ferrari   (B)  1.13.060   95
14.  Webber        Red Bull-Renault     (B)  1.13.133   15 *
15.  Hulkenberg    Williams-Toyota      (B)  1.13.306   74
16.  Button        Honda                (B)  1.13.689   80 *
17.  Kogure        Honda                (B)  1.15.703   25

All Timing Unofficial