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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.

BMW X5 trio spied testing near Spartanburg

Autoweek reader J. Monroe spotted a camouflaged BMW X5 convoy somewhere on Interstate 26, which just so happens to run near the German automaker's Spartanburg, S.C., plant (one of the X5's production sites). Despite a strategic application of BMW's dazzling, swirly vinyl wrap, the lines of these X5s were identical to those on the models available now.

Concept Car of the Week: Nissan ARC-X (1987)

In the mid to late 1980s Japan's car industry was booming and with it its confidence. No longer satisfied with producing brilliantly engineered but worthy cars, Japanese manufacturers had ambitions of taking on the Europeans in the luxury market. Nissan made its intentions clear at the 1987 Tokyo motor show with the ARC-X concept.