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Official: Honda F1 becomes Brawn GP

Honda F1 morphs in to Brawn GP Well, it’s good to see they survived! After reporting last week that the Honda F1 team was going to be the subject of a management buyout, thus securing the team and its employees, an official announcement has now been made and we can confirm that Ross Brawn has taken control of the Honda F1 Team, which will henceforth be known as Brawn GP. It would have been a mighty shame if Ross Brawn had been lost to F1 again.

Bugatti reveals footage of record-setting open-top run

In case there was any doubt, Bugatti posted footage on Monday of its $2.6 million Veyron Grand Sport Vitesse hitting a record-setting 254.04 mph at Volkswagen's Ehra-Lessien test track. Chinese racing driver Anthony Liu was behind the wheel. If you'll remember, when Bugatti had its hardtop top-speed record pulled, it quickly set this test in motion to quiet any detractors.

Cadillac sets the base price for the 2011 CTS-V wagon at $62,990

Prices for the 2011 Cadillac CTS-V wagon will begin at $62,990, including destination charges. Available with either a six-speed manual or a six-speed automatic transmission, the CTS-V is powered by a 6.2-liter V8 delivering 556 hp and 551 lb-ft of torque. Options include Recaro heated and ventilated driver and front-passenger seats ($3,400); 19-inch aluminum wheels ($800); midnight Sapele wood-trim package ($600), and a suede steering wheel and shifter ($300).