Formula One Chief, Bernie Ecclestone and organisers of the Indian Grand Prix, Jaypee Group have confirmed that the Indian Grand Prix has been dropped from the 2014 Formula One calendar, and will be held in the first half of 2015.

There has been intense speculation about the future of the event for the past few weeks, amid major tax issues with Indian authorities. Ecclestone said from that he and his Formula 1 management always wanted the India round early in the season, but the organisers preferred October.

When we signed the five-year deal with Jaypee, we were keen on going to India in the first half and Jaypee [...]

Four-time IZOD IndyCar Series champions Andretti Autosport has announced that it will field a team in the upcoming FIA Formula E Championship, the all-electric racing series that will debut next season. Andretti Autosport is the first U.S.-based team to sign up for the new racing series.

The Andretti team plans to create a two-car program for the series, which will compete in 10 cities around the world. The American outfit now the third team to sign on so far for Formula E’s inaugural season, joining China Racing and British-based Drayson Racing.

Andretti Autosport is run by none [...]

The Bonhams auction at the Goodwood Festival of Speed is known for hosting some iconic race cars in its history. The race car in the picture above adds to that list, and how. This Mercedes W196R was driven by legendary F1 driver, Juan Manuel Fangio, to wins in the 1954 German and Swiss Grand Prix races. When the hammer fell at the auction yesterday, it was sold for $29.65 million, making it the most expensive car ever sold at an auction. With that sale, It also earned the honour of being the most expensive F1 car ever sold and the most valuable Mercedes Benz in the world.

Narain Karthikeyan scored his maiden Auto GP win on Saturday at Silverstone in the UK after on-track victor Kevin Giovesi was given a one-minute post-race penalty. Driving for team Super Nova, Narain had initially crossed the line second behind the race winner Kevin Giovesi. But Giovesi’s Ghinzai Motorsport team was ruled to have made an illegal pitstop on the 14th lap of the race, which happened to be the last. The series’ sporting regulations state that mandatory pitstops can be made only between lap three and the penultimate lap.

Narain, who started on pole in race 1, had Giovesi and teammate Vittorio [...]