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Caterham sells F1 team

Caterham The Caterham Formula 1 team has been sold to a consortium of Swiss and Middle-Eastern investors following a poor season so far in 2014. Rumours that Caterham would cut its losses have been rife, since team founder Tony Fernandes threatened to quit if things didn't improve this year. The team is currently bottom in the championship and Fernandes hinted of an exit last week, when he tweeted “F1 hasn't worked, but love Caterham Cars.” Graham Macdonald, Caterham Group CEO: “Firstly I want to thank everyone who was involved in the F1 team for all their hard work and dedication since the team’s first days in 2009.

BMW M3 set to compete in DTM from 2012

It might have pulled out of F1, but the upshot is that BMW has announced plans to enter the German Touring Car Championship (DTM) in 2012 with the M3, plus it’s developing a new racer and 1.6-litre turbocharged engine, and will continue its other production car-based racing activities. ‘Following the withdrawal from Formula One, the realignment of our motorsport programme is raising our presence in production car racing to a whole new level,’ said BMW board member Dr. Klaus Draeger.

Japan's concept cars - the craziest of the noughties

By Alex Michaelides Motor Shows 19 August 2009 10:00 Here we are, celebrating the best cars that Japan has produced, but what about the ones it hasn’t? At many motor shows – and particularly ones in its back yard – the Japanese industry serves up some wild concept cars which boggle the brain and tickle the ribs. It’s hardly surprising that few of them hit the mainstream.