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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.

New entry-level Caterham Seven to cost under £17k

The new entry-level, sub-£17k Caterham Seven If there’s one thing you know about the Caterham Seven – Caterham’s recreation of Colin Chapman’s iconic Lotus Seven – it’s that it’s not b exactly laden with fripperies and heavy technology. So when Caterham tell us that they’re soon going to launch a new, entry-level, Seven that takes the Seven “…back to its simple design roots” we do wonder how much simpler the Seven can be than it already is. But Caterham say the new Seven will be probably the most fuel efficient car they produce with a new EU-6 compliant engine providing accessible fun for ‘under £17k’.

New Hyundai i20 Blue – just 98g/km CO2

Hyundai i20 Blue - just 98g/km CO2 With a keen eye for where the market moves, Hyundai has done much right of late and very little wrong. And another example of something right is the new Hyundai i20 Blue, a perfect example of economical transport for beleaguered London car owners. The i20 Blue is Hyundai’s second offering in the sub 100g/km market – the i10 Blue got here first - but it’s unlikely to be the last, unless politicians decide to find something more sensible to tax than CO2 emissions.