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Fisker has potential buyers in line

VL Automotive and Chinese Investment Group Wanxiang are looking to buy troubled automotive manufacturer Fisker. Maker of the curvaceous Karma, Fisker has been cash-strapped for some time now due to what company insiders called an overly optimistic business plan that anticipated rapid sales growth. Tesla's success in the luxury/upscale electric vehicle industry hasn't helped Fisker's cause either.

Hamilton tops the time sheets as F1 season kicks off

LEWIS HAMILTON recovered from the misery of completing just half a lap on his opening run to move to the top of the timesheets on the first official day of the new Formula One season. Less than five minutes into the year's first practice session at Melbourne's Albert Park, and on his maiden installation lap, Hamilton's Mercedes ground to a halt due to a sensor calibration problem that cut out the power unit. That was it for Hamilton until the start of second free practice, when he more than made up for lost time and underlined his status as championship favourite in the wake of Mercedes' impressive form in pre-season testing.

2013 Ford Mustang Shelby GT500 to appear at Goodwood

On Wednesday we told you about the Mazda MX-5 GT concept that will be featured at the Goodwood Festival of Speed. On Thursday, Ford announced that its new Mustang Shelby GT500 will be taking a turn on the famous hillclimb circuit as well. Goodwood will be the GT500's first appearance outside of the United States.