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New details about the Formula One purchase trickled out last night after the buyer, Liberty Media Corp., agreed a deal to take over the sport.
The U.S.-based entertainment and telecommunications giant will initially pay $4.4 billion for a controlling stake in the franchise, The Guardian reports, and a familiar white-haired figure will keep his job. Read More >
Longtime Formula One chief executive Bernie Ecclestone will remain involved with his beloved sport, even after an imminent takeover by a U.S.-based media company.
Ecclestone, head of Formula One for the past four decades, says he’s been asked to stay on for three years after the takeover, Reuters reports. Read More >
A group of Toyota engineers clearly had time to kill this summer, but at least they spent it with one of their products.
For whatever reason, members of the automaker’s Michigan research and design team took a stock Corolla iM (formerly the Scion iM) and entered it into a rally, possibly just to see what would happen. Then they entered it into another. Read More >
If the one thing stopping you from buying an Abarth-spec Fiat model is the nagging question of whether you’ll get free track time out of the deal, consider your question answered.
Fiat Chrysler Automobiles announced yesterday that anyone buying or leasing a Fiat 124 Spider Abarth or 500 Abarth model has a year to sign up for the Bob Bondurant School of High Performance Driving, free of charge. Your tiny turbo won’t know what hit it. Read More >
TTAC’s membership in the Ford GT club just got a whole lot less exclusive (sorry, Sanjay), after Ford Motor Company announced an extension of its supercar production.
Ford Performance will tack on another two years of GT production, meaning thousands of jilted would-be buyers still have a chance to score the carbon fiber beast. Read More >
R.I.P. victory lap burnouts? It sure looks that way.
NASCAR seems to have reached a tipping point in its tolerance of post-race victory burnouts, some of which damage the vehicle enough to interfere with the post-race inspection process. After an incident last weekend, the organization says it might have to lay down rules, Autoblog reports. Read More >
General Motors just released pricing and performance figures for its 2017 Chevrolet Camaro ZL1, and unless Ford comes up with a hotter Mustang, it looks like Dodge still holds the domestic performance crown.
Billed as the most powerful production Camaro ever, the 650-horsepower ZL1 comes with an MSRP of $62,135 for coupe models, $69,135 for drop-tops. Lower-end models stand to benefit from Chevy’s 1LE performance package. Read More >
In old mystery novels, it’s usually the butler, gardener or maid that police nab for committing a dastardly crime. In 21st Century São Paulo, Brazil, it’s the helicopter pilot.
After rescuing Formula One boss Bernie Ecclestone’s mother-in-law from kidnappers earlier this week, Brazilian authorities arrested the racing tycoon’s pilot on suspicion of involvement, the BBC reports. Read More >
Rarely does a high-profile hostage-taking resolve itself in such a nice, PG-13 film manner.
Aparecida Schunck, the 67-year-old mother-in-law of Formula One chief Bernie Ecclestone, was found tied up in a dingy apartment near São Paulo, nine days after her kidnapping, the BBC reported last night. Read More >
Brazilian media sources say kidnappers are demanding a huge ransom for the safe return of Formula One boss Bernie Ecclestone’s mother-in-law.
The São Paulo kidnapping of Aparecida Schunck, mother of Ecclestone’s wife Fabiana Flosi, was reported in Veja and Globo, according to the BBC. The assailants are asking for $36.5 million. Read More >