Studebaker, Breather Cap, Used. Item: 8570 on 2040-parts.com

Virgin enters 2014 Formula E championship: worth a watch?

By Damion Smy First Official Pictures 05 December 2013 12:59 Sir Richard Branson will back a Virgin-entered car in the 2014 Formula-E championship, it's been announced today (5 December 2013). It's the ninth confirmed entry for the all-electric racing series, which gets underway in September 2014. But is this high-profile entry enough to make the championship credible to motor racing fans?

General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson

General Motors chairman and CEO Rick Wagoner has agreed to "step aside" after pressure from the Obama administration last week, ending his eight-year tenure at the helm as the company seeks additional federal aid. He's been replaced by GM President and COO Fritz Henderson, effective immediately. GM confirmed the moves shortly after midnight Monday.

McLaren MP4-12C gets the axe

Production of the McLaren 12C is dead. That's according to a letter sent by CEO Mike Flewitt to owners that read in part, “The final piece of news I wanted to share with you is regarding 12C production, which we have decided to cease in light of the success of 650S. The new car has been so well received since its unveiling at the Geneva motor show (we already have a six-month order bank), we will focus all our capacity at the McLaren Production Centre on 650S.” This represents a turnaround for the company that just a few days ago said the 650S would slot between the 12C and P1 in the lineup, and that both would continue.