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Caterham F1 team sold: 'F1 hasn't worked' - Fernandes

Tony Fernandes today sold his struggling Caterham F1 team By John Mahoney Motor Industry 02 July 2014 16:04 Caterham Group has announced it’s sold Caterham F1 to a consortium of Swiss and Middle Eastern investors. Caterham cars is not part of the sale. In a statement issued today, the sale of the team was said to allow the Caterham Group to focus on its ‘core activities’ that include the British car maker.

New Ford Mondeo: Estate, Hybrid and 4WD

The 2013 Ford Mondeo will come as a regular five door and estate but there will also be a four wheel diesel and a hybrid option. We’ve already reported that the new Mondeo will get the 1.0 litre EcoBoost engine as an option – the first time any car in the D Segment has had such a small engine – but there’s more to the new Mondeo than just a headline little engine and an Aston Martin grill. As well as the frugal EcoBoost engine, Ford will also be launching their first hybrid in Europe with a Mondeo Hybrid boasting a 2.0-litre petrol engine with a 35kW lithium-ion battery to trim official emissions and consumption as much as possible.

Sainsbury's slashes fuel prices

SAINSBURY'S has become the latest supermarket to slash fuel prices. From Friday, Sainsbury's is cutting the cost of its petrol by up to 6p a litre and its diesel by up to 4p a litre. This means customers will pay no more than 129.9p a litre for petrol and 136.9p for diesel.