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).

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.