Lorenzo wraps up MotoGP title with second behind home favorite Stoner
October 28, 2012 -- Updated 1330 GMT (2130 HKT)
Jorge Lorenzo shows what it means to be MotoGP world champion for the second time.
- Jorge Lorenzo of Spain crowned MotoGP world champion
- Lorenzo finishes second behind Casey Stoner in Australian round
- Main rival Dani Pedrosa crashes out early at Phillip Island
- Retiring Stoner winning sixth straight race in front of home fans
(CNN) -- Spain's Jorge Lorenzo was crowned MotoGP world champion Sunday after finishing second behind home favorite Casey Stoner in the Australian round at Phillip Island.
The Yamaha star took full advantage of a mistake by his closest rival Dani Pedrosa, who came off on Turn Four of the first lap to see his title hopes disappear.
Pedrosa's Honda teammate Stoner rode a peerless race to secure his sixth straight win on his home track, a fitting finale before his retirement at the end of the season.
Lorenzo held off Britain's Cal Crutchlow (Monster Yamaha Tech 3) to clinch his second world title in motorcycling's premier class.
What a day! I'm very happy, it was easier than I expected because Dani made a mistake in a corner and crashed
"What a day! I'm very happy, it was easier than I expected because Dani made a mistake in a corner and crashed. I wanted to keep with Casey but he was so strong," he told the MotoGP official website.
"Today is an amazing moment. We've been very patient and very concentrated," he added.
He will go into the final race before his home fans in Valencia with a 43-point advantage over compatriot Pedrosa, who was philosophic after his first lap mistake.
"There is some sadness because we've been closer than ever to take the title, but also proud for all we achieved," he said.
"Concerning the crash, it was nothing strange, I just went wider on the corner lost the front, maybe the tire was not warm enough."
Stoner, who saw his hopes of defending the world title disappear after a crash at the U.S. round in Indianapolis, was delighted to have signed off in front of his loyal Australian supporters with another superb victory, the 45th of his glittering career.
"It was very important for me to win a race before the end of the season and I'm really happy to do it here, at home, in front of the huge crowd," he said.
"My condolences to Dani -- I saw him crash out in front of me - but he had to push today and go out and win the race to keep his championship hopes alive."
Crutchlow's teammate Andrea Dovizioso finished fourth with seven-time champion Valentino Rossi in seventh for Ducati.
Marc Marquez of Spain finished third in the Moto2 race to clinch the world title in that category.
Part of complete coverage on
Track the buzz of the 2014 Formula One season, race by race, with all the latest social reaction from motorsport experts.
July 24, 2014 -- Updated 1135 GMT (1935 HKT)
Formula One is not likely to go hungry in Hungary as master chefs cater in volume for drivers, teams and VIP guests.
July 3, 2014 -- Updated 1443 GMT (2243 HKT)
It's the elephant in the room of Formula One. What's the prognosis legendary driver Michael Schumacher?
May 23, 2014 -- Updated 2310 GMT (0710 HKT)
It stimulates all five senses, creating an unparalleled experience for drivers and fans alike. Take a tour of Monaco with Mark Webber.
May 22, 2014 -- Updated 1233 GMT (2033 HKT)
To be a champion you must win a title -- but to become an F1 legend you must win races at Monaco, the calendar's most testing circuit.
May 21, 2014 -- Updated 1459 GMT (2259 HKT)
Caterham F1 reserve driver Alexander Rossi takes you on a tour of the Monaco racing circuit.
May 5, 2014 -- Updated 1238 GMT (2038 HKT)
The Formula One driver transcended his sport and even 20 years after his death, Ayrton Senna commands the adoration of fans worldwide.
May 1, 2014 -- Updated 1500 GMT (2300 HKT)
F1's greatest racer was killed during the San Marino Grand Prix on May 1 1994. The sport hasn't been the same since.
April 30, 2014 -- Updated 1516 GMT (2316 HKT)
Just four F1 drivers turned up to Roland Ratzenberger's funeral after his death during qualifying for the San Marino Grand Prix on April 30 1994.
April 25, 2014 -- Updated 1156 GMT (1956 HKT)
For a championship with a distinctly Iberian streak, it is no surprise that South America should be high on MotoGP's list of territories to conquer.
April 18, 2014 -- Updated 1113 GMT (1913 HKT)
Too weak. Can't handle the pressure. Susie Wolff has heard it all -- but she is determined to become the first female F1 driver in 20 years.
CNN's Amanda Davies visits the headquarters of Mercedes, the dominant team in Formula One this season.
Today's five most popular stories