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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.

McLaren P1 – Driven by Jay Leno at the Top Gear track (video)

Jat Leno (pictured) drives the McLaren P1 at the Top Gear track at Dunsfold We reported just a few days ago that the McLaren P1 has all but sold out, and one of those buyers is America’s petrolhead in chief, Jay Leno. Even though Jay isn’t short of a few bob, he’s not going to be the wealthiest buyer of a P1 (by far), but his celebrity status has conferred on him something most P1 buyers won’t get – the chance to take to the Top Gear track at Dunsofold in the new P1 with McLaren’s Chris Goodwin (Chief Test Driver) riding shotgun. Prior to the run round Dunsfold, Jay gets a tour of the new P1 production centre (perhaps the cleanest car production centre in the UK) before being whisked off to Dunsfold by helicopter.

Nissan GT-R SpecV – UK and Europe launch

The £124,900 Nissan GT-R SpecV for the UK It’s almost a year since Nissan announced the GT-R SpecV for the Japanese market – and ten months since it went on sale – but they’ve just announced a limited run of Nissan GT-R SpecV for the UK and European markets. Just 40 will be produced at a slightly pricey £124,900 – more than twice the price of the Standard Nissan GT-R. If you use anything else as a benchmark for value for performance the GT-R SpecV stacks up.