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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.

New Hyundai i30 (2012) revealed ahead of Frankfurt debut

2012 Hyundai i30 Revealed A couple of weeks ago we were teased with a sketch of the new Hyundai i30 ahead of a planned debut at Frankfurt 2011. But now Hyundai has decided to throw out a few photos of the new i30, and a bit more detail, to keep interest piqued . Looking, certainly from some angles, like a smaller i40 – which is certainly not a criticism – the 2012 i30 brings Hyundai’s Golf-sized offering very much up to date.

Museum benefactor Margie Petersen dies

Margie Petersen, wife of automotive publishing magnate Robert E. "Pete" Petersen and the driving force behind many of the couple's generous philanthropies, died Nov. 25 after a decades-long battle with breast cancer.