It's been one heck of a rollercoaster ride for Donington Park this year. The British racing circuit hosted a Formula One race back in 1993, and was set to take over the British Grand Prix from Silverstone until the race promoter fell on hard times.

Donington Ventures Leisure Ltd signed a 150-year lease with Wheatcroft & Sons Ltd, owners of the circuit just two years ago with the aim of bringing F1 racing back to the track. But having failed to raise the capital necessary to bring the track's facilities up to F1 standards, Autocar reports that the 17-year deal with Bernie Ecclestone's Formula One Management fell into jeopardy.

Its prospects and finances in ruins, Donington Ventures has declared bankruptcy and entered administration. Now the lease could be up for grabs; failing that, it will revert to Wheatcroft ownership, the British Grand Prix will likely return to Silverstone for good and Donington will go back to hosting concerts, touring cars and motorbike races once again.

[Source: Autocar | Image: Pascal Rondeau/Allsport/Getty]

Times are tough for the Porsche family. Amidst the merger with Volkswagen, their company just suffered a $6.6 billion loss. But we didn't think things were this bad for the descendants of Ferdinand Porsche until Bonhams announced they would be liquidating that family's watch collection to the highest bidder.

Okay, we're exaggerating just a bit. The Porsche family stands to make a lot of money out of the Volkswagen merger, and the collection is being auctioned off for charity. And while we have no idea what charity that is, we have to assume it's not the Porsche family themselves.

As it turns out, the family's interests extend beyond the automobile. Not only does their Porsche Design Group have its own range of watches, but some fourteen years ago they bought Eterna, one of the largest independent watchmakers in Switzerland. Eterna fabricates Porsche Design watches as well as their own brand, and several of the rarest examples will be included along with others among the 49 watches crossing the auction block on December 2 in London.

Among those pieces Bonhams is highlight are included a rare 18kt gold Porsche Design prototype and an Eterna presented to family scion Ferdinand Oliver Porsche on his 40th birthday, along with rare timepieces from Rolex and Omega as well as Panerai (which makes watches for arch-rival Ferrari), Jaeger LeCoultre (which partners with Aston Martin) and Breitling (in league with Bentley). Follow the jump for further details, and check out the images in the gallery below.



[Source: Bonhams]

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Sometimes we're happy when a concept car gets approved for production. This time around... not so much. According to reports from across the pond, the Citroen Revolte concept has been approved for production and will carry the DS2 badge when it arrives.

The concept car was unveiled a couple of months ago at the Frankfurt show, and suffice it to say, it wasn't exactly the best looking debut at the expo. Supposedly reviving the iconic 2CV, the Revolte concept certainly lived up to its name. The production version, meanwhile, is tipped to take on the DS2 nameplate as part of the French automaker's new premium line-up that started with the DS3 and is slated to grow with the inclusion of the DS4 (based on the upcoming new C4) and DS5 (based on – you guessed it – the new C5). Power for the DS2 is expected to come in the form of a range of three-cylinder gasoline and diesel engines when it hits the streets sometime around 2011.

The best we can say is this: At least it will remain far away from the States, as Citroen stays out of the North American market.



[Source: Auto Express]

Porsche drivers don't like waiting. That's why they buy a Porsche, after all. So while a few weeks might not seem like a long time for most people, to a Porsche driver used to rocketing to 60 miles per hour in four-point-right-now seconds, the span of weeks must seem like an eternity.

Although we're still weeks away from the LA Auto Show, where Porsche is set to unveil the new Boxster Spyder, Zuffenhausen has kept its enthusiasts placated with a fresh batch of photos showing its newest, lightest vehicle in all its glory. We'll be on hand for the unveiling next month, but before then check out the updated high-res image gallery below.



[Source: Porsche]

Think you've seen the most hardcore 500 already? Sure, Abarth has churned out some pretty wicked versions of the retro-hatch, but even the 695 Tributo Ferrari and R3T rally machine can't hold a candle to the beast above.

Given the name, you might think this latest Cinquecento was the result of another collaboration between Abarth and its big sister companies. But this 500 is actually a product of independent racing garage Romeo Ferraris, which has rebodied the 500 in carbon fiber and fitted it with a wing that looks big enough to sustain a jumbo jet's flight path. If that's not bonkers enough, Ferraris has squeezed out an insane output of 360 horsepower from the Abarth's 1.4-liter turbo four. That's more than 257 horsepower per liter, and rivals even the similarly insane 427 Cinquecento from SEMA for pure lunacy.

Drivers Aldo Cerruti, Michela Cerruti and Mario Ferraris will be taking turns behind the wheel at the upcoming 6 Hours of Vallelunga endurance race on November 22. We'd suggest everyone else get the hell out of the way.

[Source: CarScoop]

Most major racing disciplines around the world have a clear and comprehensive framework to allow aspiring drivers to learn the ropes. Pretty much everyone starts in karting, but from there F1 hopefuls go on to Formula Renault and other open-wheeled series; NASCAR aspirants to ARCA and the Nationwide Series; rally prodigees to local championships; and so on and so forth. But teams fielding Le Mans prototypes had to recruit from other disciplines. That is, until now.

Earlier this year, the Automobile Club de l'Ouest – the organization behind Le Mans and its associated series – launched Formula Le Mans, known in America as the Le Mans Prototype Challenge. The idea was simple: everybody driving the same cars, designed on the same model as LMP1 and LMP2 racers, in support races to existing LMS events. French racing team (and, since acquiring Courage Competition, chassis constructor) Oreca was contracted to design and build the cars and help organize the series.

The purpose-built chassis known as the FLM09 packs a Chevy LS3 tuned to 430 horsepower with Magneti Marelli engine management, driving an Xtrac six-speed sequential gearbox to Michelin slicks housing Brembo carbon-ceramic brakes. Eight teams participated in the inaugural season this year, fielding some 50 drivers at races at Spa-Francorchamps, La Sarthe, Algarve, the Nurburgring, Silverstone and Magny-Cours.

The opening season was a success, prompting ACO and Oreca to launch a winter series, currently under way. But for next year's series, Formula Le Mans will be fully integrated into the Le Mans Series as another category, much as they've been run in the American Le Mans Series since their inception. In order to separate the FLM cars from the higher-level LMP2 and keep them running for the full race distance, however, the Oreca FLM09s be equipped with restrictor plates. The integration of FLM into the full series ought to make for some interesting racing and a more hands-on training ground for aspiring drivers when they join the grid next year, but for now you can read the full press release after the jump and browse the mega gallery by hitting the thumbnails below.



[Source: Formula Le Mans]

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Valentino Rossi drives the BMW M3 GTS – Click above for high-res image gallery

After securing his record ninth MotoGP title, there's little doubt that Valentino Rossi is the fastest man on two wheels. And BMW has acknowledged the Italian rider's speed by awarding him a brand-spankin'-new M3 sedan.

The German automaker is a sponsor of the motorbike racing series, providing organizers with safety cars and other vehicles, and even using it to debut the new X6 M crossover earlier this year. And every year BMW gifts a car to the rider who proved the fastest in qualifying over the course of the season. Rossi's won the "M Award" five times now, but before he drove off in his new V8 sports sedan, BMW gave him a rare opportunity to sample the new hardcore M3 GTS.

So what did the fastest man on two wheels think of the fastest Bimmer on four? Quite a lot, apparently, as the multiple world champion said he wants to be first on the list when the M3 GTS goes on sale next year. That's quite a glowing endorsement, and all it cost them was a test drive. Click on the thumbnails below for a high-res image gallery.



[Source: BMW M Division]

It's a sign of the times that most buyers of the new Camaro would go for the V6 and not the V8. At $31,595, the eight-cylinder SS model naturally sells for more than the $23,530 base V6 model. To compound the issue the V6 model costs the auto giant nearly as much to build as the V8 version.

So why would GM want buyers to go for the V6? The smaller engine would help the General keep its Corporate Average Fuel Economy (CAFE) rate on the good side of earth-friendly. But according to Edmunds, customers have been voting with their feet. Their right feet, as it would happen, heavy as they are.

Of more than 47,000 Camaros sold from April through October, Edmunds estimates that about two-thirds have been V8 SS models – a trend we can get on board with.



[Source: Inside Line]

Few visionaries have bred as many supercar brands as Lee Noble. The British sportscar guru is responsible for the Noble M12 and M400, the Ascari Ecosse, the Ultima GTR, Rossion Q1 and Salica GT, to name just a few. And now he's looking to add one more to the list with the announcement of his latest project: Fenix Automotive.

Just last month we brought you initial news of Lee Noble's new project, but the picture is now coming into focus under the Fenix name. UK publication Car Magazine says that the formula calls for a lightweight, mid-engined V8 supercar blending track-worthy performance with grand touring drivability in a package priced below £75,000 ($125k), even lower than initially expected. Noble will be turning once again to Hi-Tech Automotive in Port Elizabeth, South Africa – which also built the M12 as well as Superformance Replicars – to assemble the as-yet unnamed first product from Fenix Automotive Limited, with initial photos set to surface early next year in advance of initial deliveries by the end of 2010.

[Source: Car Magazine]

Ferrari often uses its World Finals event to unveil exclusive new versions of its most enticing road cars. The FXX Evoluzione was unveiled there a couple of years ago, and the 16M Scuderia Spider made its debut at the event last year. But aside from a mishap involving Fernando Alonso, Felipe Massa and Luca di Montezemolo in a California convertible, this year's event at Valencia came and went with nothing new to offer. However, the latest churns from the rumormill indicate Maranello could be working on an exciting new project.

Supposedly leaked pre-order sheets reportedly refer to a "599 GTO Limited Edition", named in deference to the iconic 250 GTO (to say nothing of the ground-pounding 288 GTO). Based on the 599 GTB Fiorano, the GTO could be Maranello's answer to arch-rival Lamborghini's Murcielago LP670-4 SuperVeloce.

Incorporating design cues and technologies from the 599XX program, the 599 GTO could benefit from a weight-reduction program to cut some 100-150 pound off the curb weight thanks to the extensive use of carbon fiber, while squeezing out as much as 700 horsepower from the Enzo-derived 6.0-liter V12. Pricing would be expected to jump by as much as a quarter to nearly $400,000, and if the reports prove accurate, the 599 GTO could be ready for debut at the Geneva Motor Show in March with the first of just 500 examples slated for delivery by this time next year.



[Source: Autogespot]