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2014 Subaru WRX STI sets new Isle of Man TT lap record

The new Subaru WRX STI set a new Isle of Man TT record lap Last month we reported that rally driver Mark Higgins was heading back to the Isle of Man in an almost standard Subaru WRX STI to have a crack at breaking the record he set on the TT course in 2011 in the last WRX STI. The 2011 lap record Higgins set was the first time the record had been broken in 21 years, a record set by Tony Pond in 1990 in a Rover 827 Vitesse in a stunning drive in a less than ideal car for the task. Mark Higgins, perhaps unsurprisingly, blitzed Tony Pond’s 100mph average speed round the TT course and turned in a time of 19:56.7 at an average speed of 113mph.

Just how much do F1 drivers earn?

Business Book GP has published a list of Formula One drivers’ income for piloting their cars round the world’s F1 Grand Prix circuits. Just how much do the drivers of Formula One cars get for risking their lives (well, that may be a bit of an overstatement in 2012) in pursuit of a victory on the track? It seems anything from €150k to €30 million is the spread.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.