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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.

Two new Hyundai transmissions boost mpg

Hyundai will introduce dual-clutch and continuously variable transmissions to models for the United States as early as next year as it seeks to become a leader in fuel efficiency, a top executive says. This will be the first application of a dual-clutch transmission for Hyundai. The transmission--which uses two clutches to shift a manual gearbox as if it were an automatic--is more efficient than either a traditional manual or automatic gearbox.

SsangYong Korando heralds SsangYong’s return to the UK

SsangYong Korando sees SsangYong back in the UK If you choose to think about the Korean takeover of the car sales charts in the last few years, you tend not to think of SsangYong. But maybe that will change with the arrival in the UK from September of the all-new SsangYong Korando, a compact SUV come Crossover aimed at its compatriots – the Hyundai ix35 and Kia Sportage. How will it get on?