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The future for Renault in F1 in 2011 and beyond

Renault today announces its new sporting division, Renault SportF1. Renault SportF1 will monopolise 25% of the grid by supply three teams engines and technology for 2011. Renault Sport F1 was formed after Renault decided to sell its minority stake in the Renault F1 team to Genii Capita who they will continue to provide technical and engineering expertise to.

GM agrees to sell Saab to supercar company Koenigsegg

General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.

Chevrolet Test Track to open at Walt Disney World Dec. 6

Since 1999, car nuts stranded at Walt Disney World knew they could find respite from the Small Worlds and Magic Kingdoms at Epcot's GM Test Track—until it closed its doors this past April, at least. Fortunately, the attraction won't be shuttered forever. A team of GM designers and Disney Imagineers—that's Disney-speak for the individuals responsible for making the entertainment empire's theme parks a reality—have been laboring to redesign and rebuild the ride as the Chevrolet Test Track.