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16-year-old Verstappen to race in Formula 1

TEENAGER Max Verstappen is confident he can handle the pressures of the world of Formula One and insists he is not worried about the sport's dangers. The 16-year-old is set to become the youngest driver in F1's history after joining Toro Rosso for the 2015 campaign. Verstappen - 17 in September and currently competing in Formula Three - will replace Frenchman Jean-Eric Vergne at the Red Bull-owned team.

GM to auction 'Cooksey' Corvette Z06 to benefit Haiti relief efforts

General Motors will donate the proceeds from the sale of a limited-edition Chevrolet Corvette 427 Z06 that is crossing the auction block this weekend to help fund relief efforts in Haiti. GM design boss Ed Welburn will introduce the car at the Barrett-Jackson auction on Saturday in Scottsdale, Ariz. The automaker will donate the money from the sale to the American Red Cross to fund its work in earthquake-devastated Haiti.

Tesla Model S: European price revealed

Tesla has announced prices and model availability for Europe of the Model S – it starts at €72,600 – but no UK prices until late 2013. The Tesla Model S is garnering some impressive reviews now it’s out in the wild in the US, but it’s still some way from landing in Europe. But at least Tesla has come up with price and spec details for Europe, even though RHD models for the UK still don’t have a number.