Freightliner Racing's Fabian Coulthard has taken a famous V8 Supercars race two victory at the Clipsal 500 after steering his Holden Commodore through a chaotic final third of the race.

Coulthard took full advantage of a rare Whincup mistake at turn nine to take the lead with 14 laps to go as chaos ensued behind the new early championship leader.

The Brad Jones Racing driver had already made his intentions very clear after he ferociously challenged Whincup for position at the beginning of the race.

Whincup already lost his lead to the dynamite start of Volvo's Scott McLaughlin but did manage to successfully fend Coulthard off, - albeit by 'kerb hopping' the first chicane - for the time being.

Back at the front, the drama began to unravel as McLaughlin's start was adjudged in being too good and was subsequently handed a ten-second penalty to be served within his pit-stop.

To counteract the penalty, McLaughlin ran deep into the race and while a safety car - caused by Michael Caruso's Nissan Altima slamming into the turn 8 wall - forced him to pit following a string of impressively consistent lap times, the Polestar Volvo S60 re-emerged back into ninth.

Once the race re-started it was then the defending champion's race which began to take a turn for the worst as Coulthard snatched the lead from Whincup and never looked back.

As Coulthard pulled away, Whincup continued to fall back into a highly charged chasing pack, which soon imploded just as Holden's James Courtney further demoted the Red Bull Racing Australia Commodore to third.

While that was happening, Shane Van Gisbergen made his move on Craig Lowndes for fourth position. But before the Kiwi could settle into position an out of control Tim Slade - also looking to pass Lowndes - fired into Van Gisbergen, taking them both out of the running.

Somehow Lowndes managed to scurry back into fourth but was now under severe pressure from the rejuvenated McLaughlin, who recovered to fifth.

Moments later Whincup's race was finally done when a frightening tyre blow out on the entry of the infamous turn eight relegated the Holden to the back of the pack.

Back at the front, however, McLaughlin seemingly completed an almost super human fight back to third after forcing Lowndes into an error at turn nine.

The 21-year olds podium wasn't to be though as the stewards slapped a further 10-second penalty onto his race time for illegally serving his stop-go penalty during a safety car phase.

That relegated McLaughlin down to ninth at race end, promoting Lowndes back onto the podium ahead of Garth Tander and Jason Bright, who made it two Brad Jones Racing Holden's in the top-five.

Finishing just outside the top-five was the Nissan duo of Rick Kelly and James Moffat ahead of Ash Walsh's Erebus Mercedes in eighth.

Lee Holdsworth added a further top-ten finish to his ninth place in race one after finishing tenth in the Walkinshaw Performance Holden.