1955 Mercedes F1 car sells for record $53m

A streamlined Mercedes raced by Formula One greats Stirling Moss and Juan Manuel Fangio in 1955 set a record for a grand prix car on Saturday, selling at auction for €51.2 million ($53m).

Mercedes 1955 car could smash auction record

A sleek, long-nosed Mercedes raced by Stirling Moss and five-times Formula One world champion Juan Manuel Fangio in 1955 could become the most expensive grand prix car of all time at an auction in Stuttgart on Saturday.

Horner: FIA right to drop Herbert as steward

Formula 1’s governing body was right to drop Johnny Herbert as a steward because of the former racer’s media work, according to Red Bull boss Christian Horner who denied his team had influenced the decision.

Cindric takes step back, still president at Penske

Tim Cindric, president of Team Penske and Roger Penske’s longtime right-hand man on competition, will step back as the overall leader of the organization but remain president of the IndyCar program.