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2013 New York F1 Grand Prix cancelled

The 2013 Grand Prix of America in New Jersey has been dropped as organisers run out of time to prepare for the New York street F1 event. With Bernie Ecclestone pushing to get America to fall in love with F1, a headline F1 act on the streets of New York – a Monaco GP for the colonials – looked like a plan. But it’s a plan that’s now been postponed until at least 2014 after Bernie plugged the plug on organisers as they need more time to prepare for what will, by any measure, be a huge logistical task.

BMW M3 GTS (2010) unveiled: a new M3 CSL first official pictures

BMW might not be producing an M3 CSL, but this is something much better. Called the M3 GTS it’s a stripped-out 450bhp road-racer designed to take on the Porsche 911 GT3 RS. It’s a response to those that thought M Division might have lost its way: 'The BMW M3 GTS which we are currently preparing in our BMW M production workshop is a response to frequently expressed customer wishes', said M Division’s CEO Dr Kay Segler at the unveiling.

Day 59 and counting for General Motors: Fritz says it like it is

With less than two months remaining to determine its fate, newly christened General Motors CEO Fritz Henderson held a press conference Tuesday to show Wall Street and Washington that the buck stops with him. He did a creditable job. No, he did not remind viewers of Alexander Haig so much as he played the part of confident commander in charge.