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Caterham F1 team sold: 'F1 hasn't worked' - Fernandes

Tony Fernandes today sold his struggling Caterham F1 team By John Mahoney Motor Industry 02 July 2014 16:04 Caterham Group has announced it’s sold Caterham F1 to a consortium of Swiss and Middle Eastern investors. Caterham cars is not part of the sale. In a statement issued today, the sale of the team was said to allow the Caterham Group to focus on its ‘core activities’ that include the British car maker.

Mini may drop Paceman, Coupe, and Roadster

Mini may discontinue the Paceman, Coupe, and Roadster models as it seeks to trim its lineup, following the introduction of the third-generation Mini Cooper three-door Hardtop. Instead, the company plans to focus on three "pillar" models: the Hardtop, the Countryman, and the Clubman. The third model, the Clubman, is technically still speculative as the company presented a Clubman only in concept form at the Geneva Motor Show last week, but given the amount of real-world testing of Clubman prototypes observed, coupled with the production-ready appearance of the Clubman Concept, this model is virtually assured to reach production in its current form.

Ford shuffles European production

Ford Motor Co. said Tuesday it is realigning its European production in a move that will add two models at the carmaker's Valencia, Spain, factory and an electric version of the Focus at the Saarlouis, Germany, plant. Ford also said the B-Max small wagon will be built in its Craiova, Romania, factory and the plant will add a second, as-yet-unnamed small-segment model.