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Report
Ecclestone estimates Formula One IPO at $10B, hires Goldman Sachs to investigate

Formula One may be headed toward an initial public offering worth a staggering $10 billion, according to Bloomberg. CVC Capital Partners Ltd., the majority owner of the Formula One Group, has hired Goldman Sachs Group to look into the motorsports empire's value. The deal would involve selling a portion of CVC's 63.4 percent stake in F1, likely with an IPO in Singapore. The news comes courtesy of an unnamed source familiar with the d

Report
Mercedes-Benz to bring next-gen GL-Class to New York

When we caught sight of this heavily-cloaked GL-Class last summer, we thought Mercedes-Benz was just refreshing its big SUV with a cosmetic facelift and maybe a new engine. New reports seem to indicate that Mercedes-Benz may be launching an all-new, second-generation GL for 2013,

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Jeep Wrangler "Death Wobble" report prompts members of Congress to investigate

A local television news report on a so-called Jeep "death wobble" has led two members of the House of Representatives to write a letter to the National Highway Traffic Safety Administration requesting more information about the situation, which they describe as a "serious safety issue." The three-page letter does not demand an investigation or recall, but asks the agency numerous questions regarding th

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Watch Chinese driver nail world's largest loop-the-loop

Anyone who has ever set up a Hot Wheels track knows that there is no more awesome an automotive stunt than the loop-the-loop. While some would argue that a good old fashioned Duke Boys jump takes the prize, we feel that the case for driving upside down is just irrefutable. That there are apparently people actively setting new world records for driving around loop-the-loops only mak

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BMW looks back at 40 years of electomobility in 70 seconds [w/video]

Every now and again, we get reminded that BMW has been working on all-electric powertrains for decades. In 2009, we put together a gallery of some of the automaker's electric prototypes through the years, like the electric 1602 you see above. In a new video, BMW compacts the work it has done on electromobility since the 1970s into a short video,

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