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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 Lamborghini Huracans making £30k premiums

Lamborghini Huracan (pictured) fethcing premiums of up to £30k Tim Marlow, Director of Magnitude Finance, has revealed that two of their clients are amongst the first UK buyers due to get their car, and despite financing the purchase they’ve already decided to flip their car as soon as it arrives for a quick return. One has already secured a £27k premium for the car – which he won’t even bother to drive before he sells it on – and the expectation is that premiums could hit £30k in the first months after the Huracan arrives, such is demand for Lamborghini’s new supercar. But with UK dealers expecting just 4 cars each in 2014 (although Lamborghini London are getting a few more) those buyers who got in quick for an early delivery are sitting on a near 20 per cent profit as the less organised seek to get behind the wheel.

Vauxhall Corsa now gets 85.6 mpg

The Vauxhall Corsa 1.3 CDTI ecoFLEX Start/Stop now achieves 85.6mpg with emissions of just 88g/km.  The Vauxhall Corsa –  and, for that matter, the Opel Corsa – has been revealed as the most economical car ever built by GM Europe after a series of tweaks has cut its already impressive fuel consumption. The Corsa 1.3 CDTI ecoFLEX Start-Stop )which, fortunately, isn’t emblazoned on the boot lid in full) can now squeeze 85.6 miles out of every gallon of diesel, which means emissions drop to just 88g/km. Vauxhall has had yet another play with their 1.3 litre diesel and fitted a variable displacement oil pump that delivered pressure to suit the load, had a tweak with the Corsa’s brain and filled low-viscosity oil in the gearbox  The result is in improvement of 7 per cent in economy over the current Corsa.