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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.

Ferrari 458 Italia Revealed

The first pictures of the new Ferrari 458 Italia These are the first pictures of Ferrari’s 458 Italia, released this morning ahead of the official reveal at the Frankfurt Motor Show in September. Clearly showing influences from the Enzo and the Mille Chille Concept car, the F430 replacement will undoubtedly go upmarket in terms of price to differentiate it from Ferrari’s entry-level car, the Ferrari California. Featuring a new, 4.5 litre V8 (hence the name – 458) , Ferrari claim the new engine has the highest specific output of any normally aspirated road-car engine, which is a hard claim to dispute as it produces 127bhp per litre.  It produces 562bhp at 9000 rpm, making it the highest revving Ferrari engine to date.

Peugeot 508 Estate (SW) ‘AllRoad’ Spied

Peugeot 508 SW 'Allroad' We’re only just starting to see the Peugeot 508 – the replacement for both the 407 and 607 – hitting roads in Europe, but already we’re starting to see evidence that Peugeot aren’t going to be settling for just the Saloon and the Estate. It looks like Peugeot are intending having a crack at Audi and their Allroad A6 if the spy photo we grabbed is anything to go by. But if this is 4WD – and it almost certainly is – what sort of 4WD is it running?