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Silverstone gets British Grand Prix

Silverstone has won a 17 year deal to host the British Grand Prix Now the farce that was the Donnington bid has been expunged, we’ve been waiting for confirmation that Bernie Ecclestone will take in to account more than just money and confirm that the British Grand Prix will survive. It seemed certain last week that a deal would happen, and the official announcement has come this morning that Silverstone has secured a 17 year deal to host F1. The key to the deal seems to be the length of the agreement.

Crunch watch Jan 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Gareth Evans Motor Industry 30 January 2009 12:39 Friday 30 January 2009• Honda is about to close the Swindon factory for four months when Friday's shifts are finished; the shutdown will affect 2500 of the 3700 staff, who will receive full pay for two months and then 60% pay for the next eight weeks (BBC News)• Porsche has announced a sharp drop in sales and likely profits. It forecasts a 27% drop in 911, Boxster, Cayman and Cayenne sales to around 34,000 units in the six months to the end of January 2009 (Financial Times, subscription required)• Ford wants Washington to do more to stimulate car sales, after posting a record loss of nearly $14.6 billion earlier this week (Detroit News)• Honda's quarterly profit has crashed by 90% – forcing the Japanese car maker to halve its annual profit target (Detroit Free Press)Thursday 29 January 2009• Ford of Europe is a bright spot in the Blue Oval's quarterly results today, making $1.06 billion pre-tax profit in 2008 (up from $997m in 2007). It's the first profit of more than $1bn since 1989 (Automotive News Europe, subscription required)• Volvo suffered a 'disastrous 2008' with a pre-tax loss of $1.46bn.

2014 Mercedes S Class REVEALED

There’s not a huge more to say about the new S Class than we already have, but it does look convincing. It takes styling cues from many of Mercedes latest models, but even without the big bulbous wheel arches at the back it’s still very recognisable as an S Class – just a new one. We already know much about what ‘s likely to be on offer at first – S350, S400 and S500 – and what’s to come – S250, S63 AMG, S Class Pullman – and that we’ll see, in due course, both an S Class Coupe and a convertible S Class.