Potential Formula One buyers agree on a sale price

2015 Red Bull RB11 Formula One car
As the 2016 season gets off to a rocky start, there’s a major power play in the works behind the scenes of Formula One. Investment firm CVC Capital Partners, which currently owns 35 percent of the world’s most prestigious racing series, may soon sell that stake, effectively putting F1 under new ownership.

F1 czar Bernie Ecclestone says a sale price has been agreed, and that CVC just needs to decide whether it wants to sell, according to Motorsport.com. There have been rumors that CVC would unload its stake for months, as well as speculation that American and Chinese parties were eyeing it. But this is the most public development on that front so far.

Ecclestone believes CVC will make a decision sooner rather than later. There are currently two interested parties that have agreed to the set price, and everyone is simply waiting on CVC’s decision of whether or not to sell, he said in an interview with The Mail on Sunday. Ecclestone would not disclose who these parties were, or the exact amount they had agreed on.

He also said that, whoever the new owners end up being, there are no plans to add more races to the Formula One calendar. Expanding to be more than the current 21 races would be too taxing for teams, Ecclestone said, although he did note that Las Vegas has a contract that could lead to a future race, calling that “super.”

F1 has expanded greatly in recent years, but some venues have had trouble keeping up with the financial commitments required for hosting a grand prix. The U.S. race at the Circuit of the Americas in Austin, Texas, is in doubt due to a shortfall in state funding.

This being Formula One, news of a potential sale and changes to the calendar aren’t the only pieces of gossip floating around the paddock. While Ecclestone and company negotiate, teams are still fighting over new “elimination” qualifying rules that were tried at the season opener in Australia. Teams voted unanimously to scrap the new rules, but they may still be used for the Bahrain Grand Prix this weekend.


Aston Martin’s next hypercar, due in 2021, will pack a hybrid powertrain punch

Aston Martin will follow up the Valkyrie and Valkyrie AMR Pro with a new hypercar, code-named Project 003. The car will debut in 2021, with production limited to 500 units worldwide.

From arcade to simulation, here are the best racing games of all time

From serious sims to carnage-fueled arcade racers to cartoonish animated racers with items galore, we collected racing games of all different stripes from multiple eras of video games. Here are the best.

Alfa Romeo’s latest Ferrari-powered F1 race car is ready to hit the track

Alfa Romeo is doubling down on Formula One racing after a decades-long hiatus. Now essentially a support team for Ferrari, its 2019 driver lineup includes a former world champion and a potential future star.
Movies & TV

The best shows on Netflix, from 'Haunting of Hill House’ to ‘Norsemen’

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.

Audi is advancing the tech that teaches cars to talk to traffic lights

Audi is teaching its cars the language of traffic lights. The company developed technology that tells motorists what speed they should drive at in order to catch as many green lights as possible.

Waymo rules and Apple trails in California self-driving car benchmarks

California's DMV releases annual reports of self-driving car disengagements on public roads. In the most recent reports. Waymo had the best performance, GM Cruise came in second, and Apple's self-driving program was in last place.

Watch a modified Audi e-tron electric SUV drive straight up a ski slope

A modified Audi e-tron climbed up an 85-percent gradient on an Austrian ski slope in a tribute to a classic Audi commercial. The vehicle used for the stunt sported an extra electric motor and spiked tires.

Mamma mia! Alfa Romeo will unveil a new model at the Geneva Auto Show

Alfa Romeo told Digital Trends it will unveil a new model at the 2019 Geneva Auto Show. It stopped short of revealing what it has in store, but rumors claim it will be a crossover positioned below the Stelvio.

Citroën says you could drive its tiny Ami One electric car without a license

Citroën's Ami One concept car is an electric vehicle that's as cute as it is compact. The miniature motor only has a top speed of 28 mph, so the French automaker imagines it as a shareable runaround for short drives.

Arizona city slammed with $10M lawsuit over fatal Uber autonomous car accident

The family of Elaine Herzberg, the woman struck and killed by one of Uber's self-driving prototypes, has filed a $10 million lawsuit against the city of Tempe, Arizona. They claim Herzberg jaywalked because she was confused by a brick…

Mercedes lets the sun shine in one last time with SLC Final Edition convertible

The Mercedes-Benz SLC convertible sports car is going out of production. Launched in 1996 as the SLK, the model has been a fixture in the Mercedes-Benz lineup across three generations.

Apple opens up about its self-driving car program in letter to NHTSA

Apple has traditionally kept details about its self-driving car technology under wraps, but it has revealed details about the program in a rare instance of openness. The company takes safety seriously.

Tesla will release fully self-driving cars in 2019 — with a big asterisk

Tesla reaffirmed its goal of releasing a fully self-driving car by the end of 2019, but it warned the system won't work perfectly 100 percent of the time. Convincing regulators that it's safe to use will require some effort, too.

Consumer Reports bumps the Tesla Model 3 off of its list of recommended models

The Tesla Model 3 is one of the six new cars that have lost their coveted Recommended rating from Consumer Reports over reliability concerns. In 2018, Model 3 owners reported body trim falling off and problems with the car's glass.