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World’s oldest unrestored Austin Mini fetches £40k

1959 Austin Mini Seven went for £40k The oldest unrestored Mini in the world was expected to fetch £12-15k in auction last week. It actually went for £40,250. Just a couple of weeks ago we reported that the oldest unrestored Mini in the world was going under the hammer at the Bonhams sale at the RAF Museum in Hendon, expected to fetch as much as £15k.

Chrysler moves design boss Ralph Gilles to lead new SRT brand

Chrysler Group on Tuesday shuffled the heads of its vehicle brands, placing design chief Ralph Gilles in charge of the newly created Street and Racing Technology (SRT) brand while handing his duties as head of the Dodge brand to Reid Bigland. The move is a way of getting all of the automaker's SRT efforts together under one leader, spokeswoman Shawn Morgan said. Gilles, 41, will still be in charge of Chrysler's motorsports activities and the design for Chrysler, Dodge, Ram and Jeep vehicles.

Formula One in USA: New Jersey to host F1 Grand Prix from 2013

New Jersey to host F1 Grand Prix of America from 2013 America has always played a marginal part in the F1 Circus. Yes, there have been lots of Grands Prix in the US, but the American public have never embraced F1 fully. But the news that New Jersey will host an F1 Grand Prix for ten years from 2013 could change all that.