Schumacher is a popular man in parc ferme, while Alonso is jumping up and down and chanting as he waits for a car to pick him up - great scenes. Only Raikkonen is where he should be - putting on a cap ready for the podium! He congratulates Schumacher with a smile.

What a result for Alonso - he now has a 20 point lead in the championship and it's Webber who is up to second as Hamilton and Vettel fail to finish.

As the top three come out on to the podium Anmol emails in to say: "Three former World Champions on the Podium…and all these drivers have driven a Ferrari in their career. The Legend, the Past and the Present !"

The medical car is now speeding back to the pits with Alonso, and a huge cheer goes up as he climbs out and salutes the main grandstand.

Alonso is in tears on the podium as the Spanish national anthem rings out. Ferrari enjoying the victory too - what a job it is doing after such a poor start to the season.

Raikkonen raises the second-placed trophy - that Lotus must be sure to win a race soon. Schumacher too enjoys his third place, and after a pause for a photo, the champagne sprays.

What a fantastic race - I know you all enjoyed it from the comments in our inbox. Apologies we couldn't use more of them but as I'm sure you appreciate that was a busy final few laps! Who said you can't overtake in Valencia? Sensational ending, and now I bet there will be some great comments from the drivers after that. Stick with us on ESPNF1.com for all the reaction, bye for now.

Lap 57

Schumacher and Webber had passed Hulkenberg, Maldonado had a damaged front wing so both passed the Williams and are fighting over third.

Alonso is cruising home in front of his home fans. What a story and what a race this is.

Alonso becomes the first two-time winner this season having started in 11th place! Raikkonen is second and Michael Schumacher is on the podium for the first time since 2006 in third place! Webber comes home fourth having started 19th. Breathless stuff.

Hulkenberg is fifth while Rosberg made it up to sixth on the final lap. Di Resta is seventh, Button eighth, Perez ninth and Maldonado ends up 10th despite his broken front wing - but I wouldn't bet against him being penalised for the Hamilton clash.

The crowd is absolutely loving it - what a 24 hours for Spain. Alonso is out of his car and pumping his fists while holding up Spanish flag. Marshals congratulate him as he celebrates in front of the crowd

Lap 56

Rosberg is flying up behind Button in the battle for tenth place.

Hamilton has hit the cliff here and Maldonado has punted Hamilton out of the race! Schumacher is up to third! Maldonado was off the track at turn 12 - his fault there

Lap 55

Fights all over the place. Hamilton with huge tyre trouble and he has to defend against Raikkonen robustly. Raikkonen gets him out of turn 17 though, and Maldonado is right on the back of the McLaren

Lap 54

Alonso with a good first sector, he's looking strong now. Schumacher and Webber pass di Resta so up to sixth and seventh.

Look out for Maldonado - Hamilton and Raikkonen were slow on that lap and Maldonado is now just 2.2s behind the Lotus

Lap 53

Raikkonen still unable to get quite close enough to Hamilton using DRS.

No further action for the incident between Petrov and Ricciardo

Schumacher and Webber are still flying - largely unnoticed - and now both have jumped Perez and are within 17s of the lead.

Petrov just passed Massa, who is very slow