Bernie Ecclestone has relinquished his role as a director of the F1 Group and thus left the board of the organization.
He will continue to have his day-to-day responsibilities, but will be subject to closer monitoring than previously.
Mopar muscle cars are red hot at the 43rd annual Barrett-Jackson Collector Car Auction.
On Wednesday, a beautiful 1970 Dodge Challenger crossed the auction block at a hammer price of $92,000, which ranked it as the No. 4 top seller out of the 429 cars sold in the first two days. Not far behind in the No. 6 slot was a 1968 Plymouth Satellite custom convertible that fetched an eye-popping $80,000.
So today, when the quality of cars continues to build and prices continue to rise, we’ll be keeping a special eye out for Mopars.
By Kevin Mackay, Walt Thurn and Matt Stone
An amateur Corvette L88 team beat the world’s best GT cars in this world record holding No. 57 “Rebel” L88 Corvette. The story about how this amazing Corvette became a world- beater begins with two Tampa, Fla., businessmen, Dave Heinz and Or Costanzo. Heinz owned Dave Heinz Imports, a Tampa dealership that sold new Jaguars. Costanzo was the new car sales manager for Ferman Chevrolet.
On weekends both shared a common passion — racing Corvettes. Zora Arkus-Duntov, the famous General Motors engineer turned high-performance department director, was always on the lookout for ways to support successful Corvette teams, including the Heinz and Costanzo Corvette. The fact that Costanzo worked at Ferman Chevrolet helped, giving him open communication to GM.
Bernie Ecclestone is to face bribery charges, the Munich state prosecutor has confirmed.
The charges relate to the now infamous $44m payment Ecclestone made in 2005 to former banker Gerhard Gribkowksy, who is currently serving an 8 1/2 year jail sentence. Gribkowsky, who was chief risk officer at BayernLB, was found guilty of tax evasion and bribery.