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.

Tags: Ferrari, Honda

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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.

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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.

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