No racing line in this game (only that little blip in the lower left corner) which isn't bad. I'm surprised at how good this looks. I last played it a year ago or so and I thought it looked primitive at the time.
I won't miss cockpit view. Only Shift 1 & 2 did it right--it's looks herky-jerky with ugly looking arms and poor screen space organization in Grid 1 and most other racing games.
BTW, Grid 2 will have no Ferraris, Lamborghinis, or Porsches along with very few real world tracks.