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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.

Official: Honda F1 becomes Brawn GP

Honda F1 morphs in to Brawn GP Well, it’s good to see they survived! After reporting last week that the Honda F1 team was going to be the subject of a management buyout, thus securing the team and its employees, an official announcement has now been made and we can confirm that Ross Brawn has taken control of the Honda F1 Team, which will henceforth be known as Brawn GP. It would have been a mighty shame if Ross Brawn had been lost to F1 again.

Seat Leon Cup Racer and Ibiza Trophy racers set for 2013 Wörthersee show

Seat will show off two new racing cars at the 2013 Wörthersee tuning show, the annual event celebrating hot hatches from the VW Group. The Leon Cup Racer is our first look at Seat’s plans for a touring car version of the new Leon, while the Ibiza Trophy is the latest version of the track-ready supermini, boasting more power than the road car, and the facelifted styling. Tell me about the Seat Leon Cup Racer Visually, it’s a Leon turned up to 11.