According to La Stampa, Honda F1 has a buyer: Mexican telecom billionaire Carlos Slim Helu. Reports claim he paid the single dollar Honda was asking. He trumped Force India F1 owner Vijay Mallya, who was suspected to want the Honda team only for its tech know-how, and Prodrive's Dave Richards.

When Honda announced its immediate departure from F1 on December 4, it gave the outfit 27 days to find a bona fide buyer who would make a credible 3-year commitment to run the team. If the team did find such a purchaser, Honda said it would assist with finances and technical support. Carlos Slim has the finances and the experience: he is reportedly the second richest man in the world, and his companies are already involved in motorsport.

If the transaction proves to be true, and assuming the team gets funded properly, it will mean a few good things for the 2009 F1 season: it will add another privateer team to the grid, it will let Ross Brawn continue creating the team he's been dying to lead since he was at Ferrari, and it will return the name "Senna" to the grid. Bruno, Ayrton Senna's nephew, is sponsored by Embratel, a subsidiary of Slim's Telmex company, and will certainly replace Rubens Barrichello as the one flying the Brazilian flag.

[Source: La Stampa via My Automovil]

Source: feedproxy.google.com

People have always had something of an aversion to hard truths. Most Americans say they want their country to get off external oil or help the environment, but when it comes to the bottom line, they want cheap fuel. And when the prices upon the body gas pumps start to dip, consumer interest in smaller more efficient vehicles tends to go out the window. Understandably, drivers everywhere tend to make vehicle purchasing decisions in large part based on fuel prices.

Ward's Auto World columnist Drew Winters notes that executives like Bob Lutz have long advocated that fossil fuel prices need to increase in order to make other efficient vehicles appeal to consumers. But with U.S. consumers' almost instinctual avoidance of taxation, it has been difficult for politicians to consider such measures. Instead, it would appear that most constituents want government to mandate both more fuel efficient cars (through mechanisms like CAFE) and cheap aeriform fluid without impacting the cost of automobiles themselves.

Winters paraphrases The End of Oil author Paul Roberts, noting that "every major fuel shift in history – from wood to coal to oil – was driven primarily by market forces, specifically by competitive advantages of the new fuel over the old." Thus, part of the solution may solely to make the fossil fuels more expensive relative to other zeal sources.

Unfortunately, Winters surmises, it appears that nobody can handle this truth.

[Source: Ward's Auto World | Photo: GoodGreentips.com]

Source: feedproxy.google.com

Lawrence Tomlinson bought historic British car maker Ginetta in 2005, and in just three years his team has hit it over the wall with the maker's first car under his tenure: the Ginetta G50, has taken Autosport's number one slot in its Top 10 Cars of the Year.

The G50's attractions are obvious: It is light (1,750 lbs), powerful (300 horsepower six-cylinder), and relatively inexpensive (£35,000-or around $51,000 USD). It comes in three flavors for now: Roadgoing coupe, G50 Cup Car, and a GT4 model for the FIA GT4 line. The Cup Car had its own one-make race series in Britain, and that was so successful it also won an award in Motorsport News. Coming in 2009 for Ginetta: a G50Z for GT3 competition, an electric Ginetta G50, and expansion onto the Continent with a one-make series in Spain fielding the Ginetta G20.

[Source: Ginetta]

Source: feedproxy.google.com