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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.

2014 Skoda Yeti Facelift – now comes as Town or Country

The Skoda Yeti gets a facelift for 2014 – and a split personality The Skoda Yeti has been a big success for Skoda – and rightly so, it’s very able and decently priced – but it’s been around for a while and is ready for a facelift. So Skoda has done the usual facelift tweaks for the Yeti – which will be revealed in public at next month’s Frankfurt Motor Show – with new grill and lights at the front, titivated tailgate and lights at the back, some new colour options - Moon-White, Jungle-Green, Metal-Grey and Magnetic-Brown – and new alloys. Inside the tweaks are even less obvious with titivations for the steering wheel, dashboard trim and upholstery and the arrival of a rear view camera and automatic parking the main highlights.

Renault-Nissan and Mercedes get very cosy

The Mercedes Twingo? Almost, but not quite In yet another – highly expected – sign that the future for car makers is more and more co-operation, Renault-Nissan and Daimler (Mercedes-Benz) have today announced a wide-ranging alliance which will see much of the output of each company utilised by the other. Top of the list for starters is the joint development of the platform for the next SmartForTwo which will be shared by the next generation Twingo.