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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.

Breckland Beira: the first pictures

By Ben Pulman First Official Pictures 03 June 2008 17:18 Missing Marcos and wondering just what exactly has happened to TVR? Well your sportscar wishes have been answered in the shape of a new British-built two-seater called the Breckland Beira. Power (of course) comes from a 6.0-litre GM-sourced V8, but the chassis isn’t some hastily cobbled together tubular steel job.

Toyota to pay $32.4 million U.S. fine over timing of recalls

Toyota Motor Corp. agreed on Monday to pay two more safety fines for a total of $32.4 million, the maximum allowable under U.S. law, to settle federal investigations of whether the company notified regulators of safety defects in timely fashion.