It's been one heck of a rollercoaster ride for Donington Park this year. The British racing circuit hosted a Formula One race back in 1993, and was set to take over the British Grand Prix from Silverstone until the race promoter fell on hard times.

Donington Ventures Leisure Ltd signed a 150-year lease with Wheatcroft & Sons Ltd, owners of the circuit just two years ago with the aim of bringing F1 racing back to the track. But having failed to raise the capital necessary to bring the track's facilities up to F1 standards, Autocar reports that the 17-year deal with Bernie Ecclestone's Formula One Management fell into jeopardy.

Its prospects and finances in ruins, Donington Ventures has declared bankruptcy and entered administration. Now the lease could be up for grabs; failing that, it will revert to Wheatcroft ownership, the British Grand Prix will likely return to Silverstone for good and Donington will go back to hosting concerts, touring cars and motorbike races once again.

[Source: Autocar | Image: Pascal Rondeau/Allsport/Getty]

Times are tough for the Porsche family. Amidst the merger with Volkswagen, their company just suffered a $6.6 billion loss. But we didn't think things were this bad for the descendants of Ferdinand Porsche until Bonhams announced they would be liquidating that family's watch collection to the highest bidder.

Okay, we're exaggerating just a bit. The Porsche family stands to make a lot of money out of the Volkswagen merger, and the collection is being auctioned off for charity. And while we have no idea what charity that is, we have to assume it's not the Porsche family themselves.

As it turns out, the family's interests extend beyond the automobile. Not only does their Porsche Design Group have its own range of watches, but some fourteen years ago they bought Eterna, one of the largest independent watchmakers in Switzerland. Eterna fabricates Porsche Design watches as well as their own brand, and several of the rarest examples will be included along with others among the 49 watches crossing the auction block on December 2 in London.

Among those pieces Bonhams is highlight are included a rare 18kt gold Porsche Design prototype and an Eterna presented to family scion Ferdinand Oliver Porsche on his 40th birthday, along with rare timepieces from Rolex and Omega as well as Panerai (which makes watches for arch-rival Ferrari), Jaeger LeCoultre (which partners with Aston Martin) and Breitling (in league with Bentley). Follow the jump for further details, and check out the images in the gallery below.



[Source: Bonhams]

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Sometimes we're happy when a concept car gets approved for production. This time around... not so much. According to reports from across the pond, the Citroen Revolte concept has been approved for production and will carry the DS2 badge when it arrives.

The concept car was unveiled a couple of months ago at the Frankfurt show, and suffice it to say, it wasn't exactly the best looking debut at the expo. Supposedly reviving the iconic 2CV, the Revolte concept certainly lived up to its name. The production version, meanwhile, is tipped to take on the DS2 nameplate as part of the French automaker's new premium line-up that started with the DS3 and is slated to grow with the inclusion of the DS4 (based on the upcoming new C4) and DS5 (based on – you guessed it – the new C5). Power for the DS2 is expected to come in the form of a range of three-cylinder gasoline and diesel engines when it hits the streets sometime around 2011.

The best we can say is this: At least it will remain far away from the States, as Citroen stays out of the North American market.



[Source: Auto Express]

German tuner MTM has a long history with Audi's inline-five. In fact, company founder Roland Mayer helped develop the turbocharged five-banger for the Sport Quattro back in the mid-80s, and MTM produced a 400 horsepower version of the motor as one of their earliest performance packages. Nearly 20 years later the technology and the cars have changed, but MTM is still doing its thing.

Its latest project is Audi's TT RS, which boasts 340 horsepower and 332 lb-ft torque in stock trim. MTM is offering three stages of engine packages ranging from 404 to 424 horsepower courtesy of tweaks to the engine control unit and and an upgraded exhaust system. Naturally, the Stage Three kit provides a substantial boost performance, including a top speed of 185 mph and a 0-100 km/h time of just 4.2 seconds. A variety of other upgrades are available as well, including MTM's 19-inch Bimoto wheels, 15-inch brakes with eight-piston calipers, and lowering springs. Follow the jump for the official press release and check out the high-res gallery below.



[Source: MTM]

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Porsche drivers don't like waiting. That's why they buy a Porsche, after all. So while a few weeks might not seem like a long time for most people, to a Porsche driver used to rocketing to 60 miles per hour in four-point-right-now seconds, the span of weeks must seem like an eternity.

Although we're still weeks away from the LA Auto Show, where Porsche is set to unveil the new Boxster Spyder, Zuffenhausen has kept its enthusiasts placated with a fresh batch of photos showing its newest, lightest vehicle in all its glory. We'll be on hand for the unveiling next month, but before then check out the updated high-res image gallery below.



[Source: Porsche]

Think you've seen the most hardcore 500 already? Sure, Abarth has churned out some pretty wicked versions of the retro-hatch, but even the 695 Tributo Ferrari and R3T rally machine can't hold a candle to the beast above.

Given the name, you might think this latest Cinquecento was the result of another collaboration between Abarth and its big sister companies. But this 500 is actually a product of independent racing garage Romeo Ferraris, which has rebodied the 500 in carbon fiber and fitted it with a wing that looks big enough to sustain a jumbo jet's flight path. If that's not bonkers enough, Ferraris has squeezed out an insane output of 360 horsepower from the Abarth's 1.4-liter turbo four. That's more than 257 horsepower per liter, and rivals even the similarly insane 427 Cinquecento from SEMA for pure lunacy.

Drivers Aldo Cerruti, Michela Cerruti and Mario Ferraris will be taking turns behind the wheel at the upcoming 6 Hours of Vallelunga endurance race on November 22. We'd suggest everyone else get the hell out of the way.

[Source: CarScoop]

Most major racing disciplines around the world have a clear and comprehensive framework to allow aspiring drivers to learn the ropes. Pretty much everyone starts in karting, but from there F1 hopefuls go on to Formula Renault and other open-wheeled series; NASCAR aspirants to ARCA and the Nationwide Series; rally prodigees to local championships; and so on and so forth. But teams fielding Le Mans prototypes had to recruit from other disciplines. That is, until now.

Earlier this year, the Automobile Club de l'Ouest – the organization behind Le Mans and its associated series – launched Formula Le Mans, known in America as the Le Mans Prototype Challenge. The idea was simple: everybody driving the same cars, designed on the same model as LMP1 and LMP2 racers, in support races to existing LMS events. French racing team (and, since acquiring Courage Competition, chassis constructor) Oreca was contracted to design and build the cars and help organize the series.

The purpose-built chassis known as the FLM09 packs a Chevy LS3 tuned to 430 horsepower with Magneti Marelli engine management, driving an Xtrac six-speed sequential gearbox to Michelin slicks housing Brembo carbon-ceramic brakes. Eight teams participated in the inaugural season this year, fielding some 50 drivers at races at Spa-Francorchamps, La Sarthe, Algarve, the Nurburgring, Silverstone and Magny-Cours.

The opening season was a success, prompting ACO and Oreca to launch a winter series, currently under way. But for next year's series, Formula Le Mans will be fully integrated into the Le Mans Series as another category, much as they've been run in the American Le Mans Series since their inception. In order to separate the FLM cars from the higher-level LMP2 and keep them running for the full race distance, however, the Oreca FLM09s be equipped with restrictor plates. The integration of FLM into the full series ought to make for some interesting racing and a more hands-on training ground for aspiring drivers when they join the grid next year, but for now you can read the full press release after the jump and browse the mega gallery by hitting the thumbnails below.



[Source: Formula Le Mans]

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Audi's centennial celebration is winding down, but the German brand isn't quite ready to switch off the lights. There's at least one more big model debut planned for its 100th anniversary, and in just over a week Audi will pull the sheets off the all-new 2011 Audi A8. Although the uber-sedan will take the stage at the LA Auto Show in two weeks, the world will get its first official look on the opposite coast at Design Miami.

Audi has erected a special temporary art museum for the design show, providing a backdrop for the unveiling of the brand's new flagship. According to Audi, the sedan will be surrounded by an exhibit from the Rubell Family collection called "Beg Borrow and Steal." There will also be an installation called the "Light Light" made of LEDs and aluminum -- a fitting tribute to the new A8's aluminum structure and LED lighting. So far, all we have is images of the Audi pavilion and a few teasers of the sedan, so stay tuned for more next week.

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