New Ritchie Tr-33 Trek Compass (black) on 2040-parts.com

Lexus RC F & RC F Carbon price and specs – costs from £59,995

The Lexus RC F (pictured) costs from £59,995 The Lexus RC F Coupe arrived earlier this year at the Detroit Motor Show and now, following the end of IS F production to make way for it, the RC F is going on sale in the UK, with prices starting at £59,995. Whether the RC F offers enough to prove a challenge to the BMW M4 remains to be seen, but on paper it all looks very promising – and good-looking. In the UK, the RC F will come in two guises – RC F and RC F Carbon – with both models getting the same 5.0 litre V8 with ‘more than’ 450bhp and 383lb/ft of torque driven to the back wheels through an eight-speed Sports Direct Shift gearbox.

Jaguar Land Rover made £1 billion last year

The 2012 Jaguar XF & 2012 Range Rover Evoque - JLR's latest models Who’d have believed it just a year or two ago? Jaguar Land Rover has reported a turnover for the year to the end of March 2011 of £9.9 billion and has made a profit (after tax) of £1.04 billion – almost £3 million a day. From proffering the begging bowl in the direction of a short-sighted Labour government in 2009 – and getting nothing without untenable conditions attached - and making plans to close one of its three UK plants, JLR’s renaissance has been astonishing.

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.