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Fernandes confirms Team Lotus-Caterham deal

Tony Fernandes has officially confirmed that Team Lotus Enterprises has taken over tiny British sports-car maker Caterham Cars. Named after the London suburb where it was founded, Caterham bought the rights to the Lotus Seven design in 1973 and has been exploiting it ever since with increasingly sophisticated models that stay true to the original concept. The company is now based in Dartford, close to the Brands Hatch race circuit.

Techno group Daft Punk's Ferrari 412 being auctioned for Japan fundraiser

Here's a car that will appeal to Ferrari fans and techno fans--the 1987 Ferrari 412 shown at the start of the 2007 movie Daft Punk's Electroma. The Ferrari is one of several musician-related items being auctioned off by EMI Group as a fundraiser for disaster-relief efforts in Japan. The car is in mint condition, still wears the HUMAN license plate as seen in the movie, and it has been signed by Daft Punk members Guy-Manuel de Homem-Christo and Thomas Bangalter.

Need for Speed Ford Mustang sells for $300,000

The 900hp Ford Mustang GT as seen in the latest Need for Speed movie has sold at an auction in the US for $300,000 – that’s roughly £180,000. Unfortunately, the winning bidder might be disappointed to find out that in real life it doesn’t make anywhere near the 900hp claimed in the film, instead running a stock 420hp. Please click on the picture above to find out more about the Need for Speed Mustang