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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.

Bernie Ecclestone's daughter buys pricey house in Los Angeles

After nearly three years, Candy Spelling has finally found a buyer for her Los Angeles mansion (which some would call a castle)--the daughter of Formula One commercial boss Bernie Ecclestone. Petra Ecclestone, 22, will be the new owner of the 57,000-square-foot home in Holmby Hills, according to the Wall Street Journal. Spelling was asking $150 million for the joint, which puts it among the most expensive homes in the country, according to the newspaper.

Motorway pile-up 'like pinball'

DRIVERS involved in a fatal pile-up on a motorway entered a "wall of blackness" before suffering numerous impacts as if they were "a pinball machine", a jury heard. Seven people died and 51 were injured after 34 cars collided when a section of the M5 in Somerset was suddenly "engulfed in thick smog". Anthony and Pamela Adams, Maggie and Michael Barton, Malcolm Beacham, Terry Brice and Kye Thomas died in the incident, on November 4 2011.