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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.

Congress scales back tax break for car buyers

A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.

McLaren MSO reveals MSO 650S Coupe Concept

The McLaren 650S MSOP Concept (pictured) showcases McLaren’s custom options It’s only a few months since we had a McLaren MSO 12C Concept from McLaren Special Operations (MSO) – Maclaren’s division that titivates cars for a significant wad of cash – to showcase just what MSO can do for the 12C. But with McLaren deciding that the 12C is biting the dust in the face of the new 650S, it’s time to update that concept to one that’s current, hence the arrival of the McLaren MSO 650S Concept. The changes to the 650S by MSO are designed to illustrate what McLaren can do to make your 650S as individual as you are, and the updates included on the concept can be applied to both the Coupe and Spider versions of the 650S and even the 12C.