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.

NASCAR’s Johnson becomes majority team owner

Seven-time NASCAR champion Jimmie Johnson has become the majority owner of Legacy Motor Club, which was a rebuild of Petty Enterprises, one of NASCAR’s oldest and winningest race teams.