The Federation Internationale de l’Automobile unanimously approved the sale of Formula One to Liberty Media at a World Motor Sport Council meeting today, reports Racer. Why wouldn’t they approve it? As a shareholder in Formula One Group holding company Delta Topco, the sale gives the FIA a nice paycheck.
If you hoped that the sale of Formula One would mean that troll-king Bernie Ecclestone would retire to the bridge from whence he came to a nice life of bribing the Billy Goats Gruff, I’ve got some bad news. Ecclestone will remain the chief executive officer of F1, per Autosport, sharing duties with a new chairman.
Wyoming-based Center Point Management LLC has filed a lawsuit against Tooele County and likely buyer Mitime, alleging that the parties broke the law in allowing Mitime to purchase Miller Motorsports Park for a lower bid than Center Point offered.
A buck-sixty, or a single British pound: that's how much Caterham Sports Limited was sold for back in September. For a fourth of the price of one of my morning quadruple lattes, you could have had the entire manufacturing arm of a Formula One team.
Some of you might remember back to 2009 and 2010, when jetBlue sold an All You Can Jet pass — $599 for a month's worth of unlimited flying. They haven't done that in a while, but another airline is now doing something similar for $148. The catch is that you have to do all your flying in Southeast Asia.
A Wyoming man created a stir among Porscheophiles when he put a fleet of more than 60 vintage Porsches up for sale. But John Small's offer has enthusiasts debating the line between collector and hoarder.
Tonight's the night where many of GM's Heritage Center cars will wave goodbye and meet their new owners for the very first time.
Cash-starved GM's set to auction many recent and slightly less-important vehicles from its Heritage museum Collection at the upcoming Barrett-Jackson auction. Surprisingly full yet not-quite finished list below.
According to GrandPrix.com, Honda may be attempting to sell their F1 team before Christmas. If the sale does not take place before then the team could be dismantled. It's still 4:00 am in Japan so there's no official comment.
Bob Nardelli, Chrysler’s Chairman and CEO, stated this morning that the company has "been approached by third parties who are interested in exploring future possibilities for Viper," according to Automotive News. Apparently, rather than just dropping Viper, Chrysler is now “exploring strategic options” for the Viper…
Juan Carlos "Chupeta" Ramírez Abadía is a bad man. Arrested last year for crimes including drug trafficking and money laundering, it's estimated that prior to being caught he was worth somewhere in the region of $1.8 billion. Now, in order to recoup some of the cost of
making people like this rich the war on drugs the…
The Times UK reports Ford Motor Company is indeed pondering the sale of Volvo, further chipping away at the legacy of former boss Jacques "Jac the Knife" Nasser. (The Associated Press assigns a detail-free, "no comment" quote to a Ford spokesman.) Analysts value the Swedes at about $8 billion — 20 percent more than…