Any remaining questions over the future of the Caterham F1 team can finally be put to rest as its assets are put up for auction.
News hit last week that Spyker appeared to be in trouble. Citing an outstanding tax bill, local authorities had apparently seized an array of the company's assets – including racecars, road cars, concept cars and spare parts – and were selling them off in order to pay off the company's debt. It now seems, however, that Spyker is in the clear. In a statement sent to Autoblog, Spyker CEO Victor Muller said:
Long lines, short tempers, small staffs and big demand make for a hellish experience at the DMV. The great, wide state of Tennessee is looking to technology for relief. Around the state, at 26 DMV offices, the state's Department of Homeland Security has deployed 76 Apple iPads for drivers renewing their licenses.
Auto analysts are taking the hiring of Wall Street investment banker Kenneth Leet by Ford as a signal that the automaker is considering some drastic moves to get back in black. Chief among them is possibly selling off Jaguar, which of the four members of Ford's Premier Automotive Group, has shown the least potential for profitability. Speculation over buyers has already started with Peugeot and Renault the most likely candidates, and even TVR owned by Russian billionaire Nikolai Smolensky has be