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Durheimer succeeds Paefgen at Bentley, Bugatti

Porsche R&D chief Wolfgang Durheimer has been named the new head of Bentley and Bugatti to replace Franz-Josef Paefgen, who is retiring. Durheimer, 52, also becomes head of motorsports for the Volkswagen Group, beginning in February. Paefgen, 64, has lead Bentley since 2002 and Bugatti since 2007.

GM axes deal with Peugeot Citroen: how it helps Vauxhall

Wolfgang Rattay, Newscom, RTR Strange as it sounds, the sale of GM’s 7% share it only just bought in Peugeot is good news for Vauxhall buyers. The reason is that it is the last stage of GM’s plan to improve the plight of Opel and Vauxhall by getting rid of all the distractions and focusing on improving the cars and the marketing. The Peugeot move has to be seen in the context of GM pulling Chevrolet out of Europe only a few weeks ago.

Still saving for a McLaren F1? You’ll need to try harder as they’ve hit £6.2 million

This McLaren F1 sold for $10 million The price of the McLaren F1 keeps on rising, and just last year F1 chassis #66 was sold by Gooding and Co in the US for a then record-breaking £5.42 million. But that record seems to have been broken. Ferrari specialists DK Engineering in Hertfordshire have just spent six months tracking down an F1 for a British buyer, culminating in chassis #28 being sold for a reported £6.2 million ($10 million).