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Vettel F1 helmet sold for £72,000

A HELMET belonging to four times World Formula 1 champion Sebastian Vettel has been sold for a world record £72,000 in a charity auction. The safety gear, signed by Vettel himself, was a Red Bull-sponsored helmet by Arai designed around Germany's national colours. It was worn during the Nurburgring Grand Prix race weekend in Germany this year - where Vettel celebrated his first home victory.

New Lotus V8 will mean new 4-Cylinder engine too

2014 Lotus Elise - will get new 4-pot Lotus engine It seems that Lotus are deadly serious in their plans to build an all new V8 engine to drop in to the new Lotus Esprit, and it also seems as though the Lotus engine revival isn’t going to end there. The headline act is an all new modular Lotus V8 of 4.8 litres and boasting 562bhp. This is planned for the new Esprit, which is the only one of the crop of Lotus concepts actually under development, and will be ready to fire up in just a couple of months.

General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.