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Steve Earle out at Monterey Historics

Steve Earle, the founder of the famed Monterey Historics, is done as the organizer of the event after 36 races. Earle and track officials were unable to iron out a new deal, making this year's races--run last weekend--his final lap. The future of the must-attend event for classic racing fans is now in question.

Italian firm buys stake in Aston Martin

The former owner of Italian motorcycle maker Ducati has bought a 37.5-percent stake in financially strapped British car maker Aston Martin. The move means future Astons could use modern drivelines and electric architectures from Mercedes-Benz's AMG division, insiders with knowledge of the deal suggest. Private equity fund Investindustrial has signed a memorandum of understanding with current Aston Martin owner Investment Dar of Kuwait that will see it pay $240 million (150 million pounds) for the ownership stake.

Government abandons plan to make driving test tougher

Proposals to make learning to drive much tougher in a bid to improve road safety amongst young people have been abandoned by the government, Radio 1’s Newsbeat reports. The changes would have involved the introduction of a probationary licence for the first 12 months, a curfew on driving late at night and compulsory lessons on motorway driving. But plans have been scraped because they would restrict young drivers’ lives too much.