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Kimi may quit again

KIMI RAIKKONEN has revealed he will likely quit Formula One again once his current deal with Ferrari expires at the end of 2015. Raikkonen dropped the bombshell at Silverstone ahead of the British Grand Prix this weekend, and just eight races into his second coming at Ferrari which has so far been a bitter disappointment. Struggling with a car not to his liking, the hotly-anticipated scrap with team-mate Fernando Alonso has failed to materialise as the Spaniard has comfortably out-qualified and out-raced the Finn.

TVR sold

By Tim Pollard Motor Industry 22 February 2007 10:30 Russian businessman Nikolai Smolenski is back in charge of the failed TVR business - and looks set to move production abroad. The deal was announced on Thursday evening, after the administrators PKF Partners struck a deal with Smolenski to buy TVR's assets for an undisclosed sum, thought to be in excess of £2m. The Russian businessman bought TVR in 2004 for around £15m, but sales stalled and the Blackpool factory crashed into administration at Christmas time.

BMW M3 coupe stripped down to go club racing

BMW's M division is back in the business of building specialty street-legal race cars with a new lightweight version of the M3 called the GTS. The lightweight coupe, set to go on sale in early 2010 at a yet-undisclosed price, was conceived as a limited-edition model primarily for club-based racing in much the same way that Porsche builds the 911 GT3 Clubsport. But in a clear effort to link its track-based activities with the production-car side of its business, BMW's M division is offering the new car with a homologation package that will allow customers to register the M3 GTS for street use.