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.

Ferrari 458 Italia Goodwood hillclimb video

The Ferrari 458 Italia starts the hillclimb at the Goodwood Festival of Speed 2010 The Goodwood Festival of Speed wouldn’t be the same without a Ferrari or three blasting up the hillclimb or doing donuts at every given opportunity. And this year was no different with two of Ferrari’s latest on display in the form of the 458 Italia and the 599 GTO. And just like last year Ferrari were active in the Supercar Run up the hillclimb and just like last year they filmed it and sent it to us.

Honda future products: Civic relaunch precedes new CR-V, Accord

The next year is huge for Honda and it begins with a do-over--the fall relaunch of the redesigned Civic that was derailed by the March earthquake. A new CR-V arrives this winter and a redesigned Accord, which will be slightly smaller than the current model, follows next spring. Those three products represent about 70 percent of the brand's U.S.