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From GMM

Organisers of the new Formula E series expect to make some quick money and then see the concept collapse.

That is the view of F1 chief executive Bernie Ecclestone, who despite the involvement of several well-known figures, teams and drivers, thinks the FIA category involving near-silent electric-powered single seaters racing in cities including Los Angeles, Berlin and London is ultimately doomed to fail.

"For them (the organisers) it's a commercial thing," Bernie Ecclestone told Zone One Radio.

"One or two of them are going to make a few quid and that will be the end of it. I can't see it ever working. I know how much it costs to put a street race together," the 83-year-old Briton told interviewer Matthew Layton at the recent Zoom photographic charity auction.

Photo: FIA Formula E

From GMM

Lotus and Renault on Thursday finally announced a new engine deal for 2014 "and beyond".

The Enstone team had already begun winter testing with the French marque's new turbo V6 'power unit', but negotiations between the pair had been long and reportedly difficult.

"The relationship between Viry and Enstone has gone from strength to strength over the past few years," said Renault Sport F1 president Jean-Michel Jalinier. "This is illustrated in no better way than the excellent -and very close- collaboration on the 2014 car, which is more technically complex than any previous designs."

F1's other Renault-powered teams are Red Bull, Toro Rosso and Caterham.

Romain Grosjean, Lotus E22-Renault. (Photo: WRi2)

Tesla Motors said fourth-quarter net losses narrowed to $16 million from $90 million as the electric-vehicle maker benefited from higher sales and manufacturing efficiencies.

Johnson Controls plans to sell its headliner and sun visor business to an affiliate of private equity firm Atlas Holdings. Johnson Controls expects to close the deal by April 30, the supplier said today. Terms of the agreement were not disclosed.

Audi revealed the S3 Cabriolet on Wednesday, before its

Someday, we'll tire of the veritable Dave Barrys and David Sedarises running their best McSweeneys-esque comedy pieces for hoopties such as

An Ohio man who rose to fame as "Joe the Plumber" by challenging then-presidential candidate Barack Obama on tax policy in 2008 has taken a unionized job at Chrysler Group.

What's going on at Bowling Green, Ky.'s National Corvette Museum in the aftermath of the sinkhole that ate eight rare Vettes?

News 21 Feb, 2014

Become a road tester for the day in our amazing competition with Falken tyres

News 19 Feb, 2014

Toyota reveals partnership to use BMW diesels will include several models and different engines

Having once predicted Toyota cars would be 30% hybrid by 2020, former chief engineer and current vice chairman Takeshi Uchiyamada is now more optimistic, he told reporters at a briefing in Tokyo on Wednesday.

News 19 Feb, 2014

Britain’s roads are the busiest in Europe, but they’re also among the safest according to new figures

After months of shadow boxing, PSA Peugeot-Citroen finally confirmed today (19 February) what the market had widely anticipated, namely a massive three-way cash injection that will see EUR3bn (US$4.1bn) pumped into the automaker.

Lithia Motors today reported a 38 percent gain in fourth-quarter net income along with the highest annual revenue in company history, as it credited continued cost controls and robust sales of new and used vehicles.

Fisker Automotive's new owner says the Karma sports car will come roaring back with a supercharged V8 engine -- with the help of former General Motors executive Bob Lutz.

The Land Rover Defender is one of those vehicles that we always hear about but never see at dealers stateside -- at least not since the '90s.

We've been anticipating the arrival of the Ram 1500 EcoDiesel -- and speculating about what it means for the pickup market -- for months.

Pictures See all 19 pictures 19 Feb, 2014

ASSOCIATE EDITOR GRAHAM KOZAK: There's really no getting around it: The newest generation of full-size pickups is more capable, more luxurious, more butchand#8230;more everything, really, than the average buyer probably needs.