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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 Ford Kuga production increased to meet strong demand

Ford has revealed that it having to increase production of the new Kuga by 10 per cent at its Valencia Plant to meet strong demand. We reported in February that Ford were chuffed with sales of the new Kuga - especially as almost all buyers were opting for ‘premium’ versions – with orders for almost 2,000 in the UK just weeks after the Kuga went in to production in Spain, and sales across Europe for the Kuga up 27 per cent year on year. So Ford is now doing the only thing they can to deal with the burgeoning sales of the Kuga and are upping production in Valencia by 10 per cent, and now expect to build 100,000 new Kugas this year for Europe alone.

Citroen DS4, DS3 R3 and Survolt UK debut at Goodwood FoS

Citroen DS3 R3 - in action on Goodwood's Rally Stage We’ve already had a wave of Goodwood Festival of Speed announcements on cars getting their UK debut, from the Jaguar XKR-S to the Mugen Honda CR-Z. And now it’s Citroen’s turn for a few debut announcements. Probably the most significant is the first public viewing in the UK of the next iteration in the DS range – the Citroen DS4, which was actually revealed almost a year ago.