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Aston Martin Racing to sell V8 Vantage and DBR 1-2

Aston Martin Racing is offering for sale two pedigreed race cars for display -- both sporting the legendary Gulf Oil livery -- for the low, low price of $379,300 each, converted today from British pounds. The V8 Vantage GTE chassis No. X2 competed at the 24 Hours of Le Mans in 2012.

Fiat to build a 'baby' Jeep, Fiat derivative in Italy

Fiat will build a "baby" Jeep in Italy to sell in Europe and possibly also the United States, two company sources told Automotive News Europe. The new Jeep will be smaller than the Patriot and Compass. The model will be produced in Fiat's home plant of Mirafiori in Turin, alongside a similar vehicle for the Fiat brand that will replace the Sedici and an Alfa Romeo subcompact car for sale in Europe and North America.

F1 Budget Cap – No two-tier system says Ecclestone

Bernie Ecclestone says there will be no two-tier system in the F1 budget cap row [ad#ad-1] All eyes have gone off the stunning start to this year’s F1 circus with the news that Ferrari, Renault, Red Bull and several other teams have threatened to quit F1 next year in protest at the budget cap proposal and the two-tier system that appears to create. In a nutshell, the FIA – lead by Max Mosley – has imposed a £40 million cap on F1 team expenditure for next year (excluding driver costs, marketing costs and transport), but has said that teams who don’t adhere to the cap can still compete, but will be handicapped. Not surprisingly, the richer teams have objected and, on the face of it, it starts to look as if F1 as we know it is going to bite the dust.