You might have thought that the Caterham F1 team, currently sitting dead last in the standings without a single championship point to its name, had already hit rock bottom and couldn't sink any lower. But apparently it has. As we reported just recently, Caterham Sports Limited – the factory that produces the F1 cars that the team fields in the FIA Formula One World Championship – was facing bankruptcy. And now, it seems, the team itself could fall apart as well.
Don't waste money by succumbing to these five upsells
Many of us rely on our cars for some of the most important day-to-day tasks. If something goes wrong, it can be a very scary and stressful experience. Some -- not all, of course -- unscrupulous mechanics prey on that fear in order to make unnecessary repairs that drivers don't need. Watch out for these five unnecessary repairs and upsells the next time you take your car in for service.
Even minor accidents can cause serious damage to your car
Car accidents are an unfortunate fact of life. With millions of drivers on the road every day, many of them distracted by phone calls, a messy burrito, bad weather or lack of sleep, crashes are inevitable. Luckily, most of these accidents are relatively minor and nobody gets injured. However, even a minor accident can cause some serious damage to the outside your car.
It looks like auto makers have a problem beyond the current state of the economy: Generation Y is pretty disinterested in cars and in buying vehicles and has a penchant for connected gadgets instead of vehicles. Why? The recession and increased concern over the environment are keeping teens and young adults from rushing to get their driver's license and purchasing their first vehicle. With a lot of young people unemployed and many parents facing economic hardships, the cost of car ownership is s
The supervisory board of Volkswagen Group just gave approval for Porsche AG to take a majority stake in the people's automaker. Porsche currently owns 31% of Volkswagen, and this move will ultimately increase that share to 51%. The increase in ownership is estimated to cost Porsche upwards of $20 billion, although the financial deets have not yet been released. Porsche is saying that owning a majority stake in VW will not result in the two companies combining, creating a German mega-automaker of