Finn Kimi Räikkönen won the race from pole position from teammate Felipe Massa and McLaren's Lewis Hamilton. The race, however, was remembered for Heikki Kovalainen's severe accident at turn nine.
Felipe Massa and Lewis Hamilton pulled away the fastest at the start, with Massa overtaking Alonso and Hamilton also making his way up the field after passing Kubica. Adrian Sutil and Sebastian Vettel collided at turn four and both had to retire, the safety car was then brought out for three laps. Nelson Piquet Jr. went off the track on lap five and dropped from 10th to 18th, and on the next lap he collided with Sebastien Bourdais while attempting to overtake him. Piquet retired on the spot, while Bourdais went into the pits and had to retire due to the suspension being damaged. On the next lap, Anthony Davidson had to retire after stones, brought on to the track after Piquet's trip through the gravel, got caught in his radiator.
On lap 21 Heikki Kovalainen suffered a rapid tyre deflation and crashed head-on into a tyre wall at . He was taken to the on track medical centre, and was later airlifted to the local hospital where he stayed overnight for observation. Mark Webber later criticized the size of the run off area at turn nine, "The first thing to say is that the run-off on that corner is too tight and we need to have a look at it because any driver that has an error there is going to have a big crash." the Australian commented "If Heikki's accident had happened two seconds later he would have been fine and controlled the car, but it probably happened on the worst section of that whole track". The safety car was brought out for a second time following this accident. Kovalainen's team, McLaren, released a statement saying he had a mild concussion and was temporarily unconscious due to the accident, but the team hopes he will be able to race at the next Grand Prix. Nick Heidfeld was about to make a pitstop when the safety car was deployed, and he had to pit while the pitlane was closed to avoid running out of fuel. He received a ten second stop-go penalty and rejoined at the back of the field, effectively ending his chances of points.
After pitting on lap 25, Rubens Barrichello collided with Giancarlo Fisichella while leaving the pit, breaking the Honda's front wing. Barrichello toured around the circuit with the wing stuck under his car, then pitted again to replace it before eventually retiring due to the damage to his bodywork. On the same lap Fernando Alonso's engine failed and caught fire, forcing him out. On lap 41 Nico Rosberg also suffered engine failure on the main straight and retired. On lap 53 Jarno Trulli was mistakenly called into the pits by his team, costing him two places. Due to the safety car repeatedly coming out, there was a five-second difference between the first four cars.
At the front, Räikkönen won the race three seconds ahead of teammate Massa to make it a second Ferrari one–two in two successive races. Hamilton finished a further second back from Massa to complete the podium with Kubica a further second behind. Webber finished fifth, Jenson Button sixth and Nakajima seventh, while Trulli took the final points scoring position. A further five cars were classified, four of them one lap down on the race winner.
| Pos | No | Name | Constructor | Part 1 | Part 2 | Part 3 | Grid |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Kimi Räikkönen | Ferrari | 1:20.701 | 1:20.784 | 1:21.813 | 1 |
| 2 | 5 | Fernando Alonso | Renault | 1:21.347 | 1:20.804 | 1:21.904 | 2 |
| 3 | 2 | Felipe Massa | Ferrari | 1:21.528 | 1:20.584 | 1:22.058 | 3 |
| 4 | 4 | Robert Kubica | BMW Sauber | 1:21.423 | 1:20.597 | 1:22.065 | 4 |
| 5 | 22 | Lewis Hamilton | McLaren-Mercedes | 1:21.366 | 1:20.825 | 1:22.096 | 5 |
| 6 | 23 | Heikki Kovalainen | McLaren-Mercedes | 1:21.430 | 1:20.817 | 1:22.231 | 6 |
| 7 | 10 | Mark Webber | Red Bull-Renault | 1:21.494 | 1:20.984 | 1:22.429 | 7 |
| 8 | 11 | Jarno Trulli | Toyota | 1:21.158 | 1:20.907 | 1:22.529 | 8 |
| 9 | 3 | Nick Heidfeld | BMW Sauber | 1:21.466 | 1:20.815 | 1:22.542 | 9 |
| 10 | 6 | Nelson Piquet Jr. | Renault | 1:21.409 | 1:20.894 | 1:22.699 | 10 |
| 11 | 17 | Rubens Barrichello | Honda | 1:21.548 | 1:21.049 | 11 | |
| 12 | 8 | Kazuki Nakajima | Williams-Toyota | 1:21.690 | 1:21.117 | 12 | |
| 13 | 16 | Jenson Button | Honda | 1:21.757 | 1:21.211 | 13 | |
| 14 | 12 | Timo Glock | Toyota | 1:21.427 | 1:21.230 | 14 | |
| 15 | 7 | Nico Rosberg | Williams-Toyota | 1:21.472 | 1:21.349 | 15 | |
| 16 | 14 | Sébastien Bourdais | Toro Rosso-Ferrari | 1:21.540 | 1:21.724 | 16 | |
| 17 | 9 | David Coulthard | Red Bull-Renault | 1:21.810 | 17 | ||
| 18 | 15 | Sebastian Vettel | Toro Rosso-Ferrari | 1:22.108 | 18 | ||
| 19 | 21 | Giancarlo Fisichella | Force India-Ferrari | 1:22.516 | 19 | ||
| 20 | 20 | Adrian Sutil | Force India-Ferrari | 1:23.224 | 20 | ||
| 21 | 19 | Anthony Davidson | Super Aguri-Honda | 1:23.318 | 21 | ||
| 22 | 18 | Takuma Sato | Super Aguri-Honda | 1:23.496 | 22 |
| Pos | No | Driver | Constructor | Laps | Time/Retired | Grid | Points |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Kimi Räikkönen | Ferrari | 66 | 1:38:19.051 | 1 | 10 |
| 2 | 2 | Felipe Massa | Ferrari | 66 | + 3.228 | 3 | 8 |
| 3 | 22 | Lewis Hamilton | McLaren-Mercedes | 66 | + 4.187 | 5 | 6 |
| 4 | 4 | Robert Kubica | BMW Sauber | 66 | + 5.694 | 4 | 5 |
| 5 | 10 | Mark Webber | Red Bull-Renault | 66 | + 35.938 | 7 | 4 |
| 6 | 16 | Jenson Button | Honda | 66 | + 53.010 | 13 | 3 |
| 7 | 8 | Kazuki Nakajima | Williams-Toyota | 66 | + 58.244 | 12 | 2 |
| 8 | 11 | Jarno Trulli | Toyota | 66 | + 59.435 | 8 | 1 |
| 9 | 3 | Nick Heidfeld | BMW Sauber | 66 | + 1:03.073 | 9 | |
| 10 | 21 | Giancarlo Fisichella | Force India-Ferrari | 65 | + 1 lap | 19 | |
| 11 | 12 | Timo Glock | Toyota | 65 | + 1 lap | 14 | |
| 12 | 9 | David Coulthard | Red Bull-Renault | 65 | + 1 lap | 17 | |
| 13 | 18 | Takuma Sato | Super Aguri-Honda | 65 | + 1 lap | 22 | |
| Ret | 7 | Nico Rosberg | Williams-Toyota | 41 | Engine | 15 | |
| Ret | 5 | Fernando Alonso | Renault | 34 | Engine | 2 | |
| Ret | 17 | Rubens Barrichello | Honda | 34 | Collision damage | 11 | |
| Ret | 23 | Heikki Kovalainen | McLaren-Mercedes | 21 | Accident (Wheel) | 6 | |
| Ret | 19 | Anthony Davidson | Super Aguri-Honda | 8 | Holed radiator | 21 | |
| Ret | 14 | Sébastien Bourdais | Toro Rosso-Ferrari | 7 | Suspension (Collision) | 16 | |
| Ret | 6 | Nelson Piquet Jr. | Renault | 6 | Collision | 10 | |
| Ret | 20 | Adrian Sutil | Force India-Ferrari | 0 | Collision | 20 | |
| Ret | 15 | Sebastian Vettel | Toro Rosso-Ferrari | 0 | Collision | 18 |