Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series on 2040-parts.com

Caterham – including Caterham F1 – up for sale for £350 million

Will the Caterham AeroSeven Concept (pictured) be a casualty of Caterham’s impending sale? Caterham’s foray in to F1 hasn’t been much of a success, with not a single point on the F1 board since they arrived in 2010 as Lotus Racing (although Marcus Ericsson was just one place off a point at Monaco yesterday). Now, after warning back in January that he would walk away from F1 if the Caterham team’s performance on track didn’t improve, it looks like Fernandes is ready to walk away from Caterham altogether.

Alfa Romeo 4C arrives stateside in New York

Not long after the last transport departed New York Harbor with a cargo of unsold 164s, an Alfa Romeo executive was probably quoted as saying, "we will return next year!" We have been eagerly anticipating the return of Alfa Romeo for the last 19 years, long enough for the last Milano to rust whence it came, every year the brand just another year away! Well, this year -- yes, this year, finally, no really -- the Alfa Romeo 4C heralds the brand's reintroduction to America -- just as it did last year, remember -- as early as this summer. You'll have to forgive us for such skepticism -- we've been burned by our desire to invoke Italian driving passion and all that, but it's also hurting the Fiat dealers who scrape by on a lack of product.

Volkswagen Polo wins European Car of the Year award

Volkswagen's new Polo--slated to enter the U.S. market within three years--narrowly beat the Toyota iQ to win the 2010 European Car of the Year award. The Polo scored 347 points against 337 for the iQ city car.