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Caterham F1 team sold: 'F1 hasn't worked' - Fernandes

Tony Fernandes today sold his struggling Caterham F1 team By John Mahoney Motor Industry 02 July 2014 16:04 Caterham Group has announced it’s sold Caterham F1 to a consortium of Swiss and Middle Eastern investors. Caterham cars is not part of the sale. In a statement issued today, the sale of the team was said to allow the Caterham Group to focus on its ‘core activities’ that include the British car maker.

One Lap of the Web: new imports, old imports

-- The 1956 Maserati A6G-2000 Allemano is as beautiful as it is rare, and if Jay Leno didn't take one for a spin in this video, we probably wouldn't see one until next year's Pebble Beach Concours d'Elegance. -- Simon Cowell (of Simon Cowell fame) bought a Bugatti Veyron three years ago because a friend told him its a good idea, and he's driven it a total of two times since. Not driven it at its maximum speed, but just driven period.

One Lap of the Web: 1956 Jaguar XK-140, CNG and bad-driver fines

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- A 1918 Sinclair gas station in New Orleans has been transformed into a 2000-square-foot vacation rental.