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Sonoma Historic Motorsports Festival is full

Steve Earle, the granddaddy of vintage racing in America, has picked 375 historic race cars to fill the field at his Sonoma Historic Motorsports Festival, June 5-6 at Infineon Raceway in California's wine country. "The cars are the stars," said Earle. "And when they aren't racing, they are easily accessible in this area for the fans for that up-close and personal experience of inspecting engines, talking with owners or otherwise learning more about the sport and the restoration and maintenance of vintage cars." Earle said the event will continue the tradition of the Monterey Historic Automobile Races, which he founded 37 years ago.

Shake-up at Tesla; a dozen UK orders

By Tim Pollard Motor Industry 16 October 2008 11:22 Electric car start-up Tesla is restructuring its US operation and laying off around 100 staff, as the credit crunch continues to make life difficult for car companies big and small. It’s now on its fourth CEO in 12 months, as founder Elon Musk takes over from Ze’ev Drori. In an announcement on the chief exec’s blog, Tesla Motors said it would be ‘cash-flow positive’ within six to nine months – but only by increasing production and cutting operating costs.

1965 Shelby Daytona Cobra sells for $7.25 million at Monterey auction

The championship-winning 1965 Shelby Daytona Cobra Coupe CSX2601 sold for a record $7.25 million on Saturday at an auction in Monterey. The sale is believed to be a record for an American car at auction. Bob Bondurant drove it to victory in the 12 Heures du Reims--fittingly on the Fourth of July in 1965 to secure the FIA title.