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McLaren lures Jost Capito away from his position as Volkswagen Motorsport boss. Capito will take over as CEO of McLaren Racing from Jonathan Neale.

Formula One teams come and go, but few have been the subject of such intense rumors as the potential participation of Volkswagen.

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Few know performance and racing like Jost Capito. The speed-obsessed auto exec started out developing high-performance engines for BMW, then headed the motorsport department at Porsche before taking up senior management positions with the Sauber Formula One team.

The Ford Fiesta RS has been canceled before – back in 2005 – and yet the rambunctious little hatchback lived to tell the story. Rumor has it that the hottest Fiesta has been canceled again, but these being changed times (and coming on the heels of news that the factory-tuned Fiesta ST has been canceled) it will be much more difficult for the even hotter RS to play the resurrection game.