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Caterham F1 team sold: 'F1 hasn't worked' - Fernandes

Tony Fernandes today sold his struggling Caterham F1 team By John Mahoney Motor Industry 02 July 2014 16:04 Caterham Group has announced it’s sold Caterham F1 to a consortium of Swiss and Middle Eastern investors. Caterham cars is not part of the sale. In a statement issued today, the sale of the team was said to allow the Caterham Group to focus on its ‘core activities’ that include the British car maker.

Money woes may keep Converj from market

General Motors' tight finances may hold the automaker back from building a production version of the Cadillac Converj concept car. GM revealed the coupe, which would use the same technology as the Chevrolet Volt plug-in hybrid, last week at the auto show here. GM designed the Converj so the production version--if it ever happens--will look "exactly like this," says Bob Lutz, GM's vice chairman of global product development.

Mercedes-Benz sells 1000,000 cars in a year in the UK for the first time

Mercedes Bristol hands over the 100,000th Mercedes old in the UK in 2013 It looks like Mercedes move in to a more convincing compact car with the new A-Class is already paying dividends, with Mercedes announcing it has already broken the 100,000 car sales in the UK for this year with a full month still to go. The 100,000th car is, appropriately, a white Mercedes  A 180 CDI Sport – perhaps the best-selling A-Class – which has been collected by its new owner from Mercedes-Benz of Bristol. This is the first full year the new A-Class has been on sale (although the first customer cars didn’t start arriving until well in to the new year) and augers well for sales numbers in 2014.