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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.

First of five free Suzuki S-Crosses collected

SUZUKI has come over all charitable with the news that it has given away the first of its free S-Cross models that are up for grabs. Entrants to the competition had to nominate someone they knew to receive a free S-Cross car – and well-equipped models, too – with a brief explanation of why the nominee deserved it. The first to pick up their free new 14-plate crossover were a ‘very surprised’ Phillip Southward and wife Sue, who collected their SZ4-spec S-Cross at Suzuki’s RRG dealership in Stockport.

Pfadt Race Engineering Cadillac ATS hits 162.5 at Texas Mile

Pfadt Race Engineering is claiming it has the world's fastest Cadillac ATS after clocking 162.5 mph in the standing mile at the latest Texas Mile event in Beeville. Pfadt used the turbocharged four-cylinder ATS as a starting point and upgraded the turbo, intercooler, suspension and exhaust. Pfadt says the engine improvements are responsible for adding more than 100 extra hp in the lightweight luxury sedan, which starts with 272 hp.