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Caterham sells F1 team

Caterham The Caterham Formula 1 team has been sold to a consortium of Swiss and Middle-Eastern investors following a poor season so far in 2014. Rumours that Caterham would cut its losses have been rife, since team founder Tony Fernandes threatened to quit if things didn't improve this year. The team is currently bottom in the championship and Fernandes hinted of an exit last week, when he tweeted “F1 hasn't worked, but love Caterham Cars.” Graham Macdonald, Caterham Group CEO: “Firstly I want to thank everyone who was involved in the F1 team for all their hard work and dedication since the team’s first days in 2009.

Concept Car of the Week: BMW Turbo (1972)

Built by Michelotti in Turin and unveiled at the 1972 Paris motor show, the BMW Turbo was built both as a symbol of the carmaker's strength after its troubles in the ‘60s and as a celebration of that summer's Olympic Games in Munich. This two-door coupe, based on a modified 2002 chassis with a mid-mounted engine, was born when BMW's design director Paul Bracq convinced the board to let him design a concept that would be part design exercise, part technology testbed. Safety had become an increasingly important consideration following a number of design summits in the early ‘70s, and Bracq used the Turbo to test out a number of safety solutions.

Mercedes GLA Edition 1: More details & photos

The new Mercedes GLA Edition 1 (pictured) kicks off sales of the new GLA Mercedes has discovered that a launch edition of a new car – with special paintwork and lots opf extras – is a good way to kick off sales so, with the new GLA due to go on sale in November, we get more details on the new Mercedes GLA Edition 1. We reported the GLA Edition 1 would kick off sales of the new GLA range last month, but now Mercedes has sorted out the specs, even if we don’t have a UK price yet (although the ‘Edition 1′ can be had on all the non AMG versions in Germany for an extra €6300). Based on the GLA Urban Line, the Edition 1 comes with faux chrome roof rails and skid guards, bi-xenons, 19″ AMG alloys, black louvres with chrome inserts on the grill, black mirrors and waistline trim and privacy glass and will come with a choice of cirrus white, orient brown metallic, mountain grey metallic and designo magno mountain grey paintwork with ‘Edition 1′ lettering on the wings.