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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Apr 10 2011, 10:18 PM

Switec Porsche 962 01.jpg

We have featured some interesting used cars before, but this one might top them all. It is based on one of the most successful racing cars of all time, the Porsche 962C, and its transformation was done over at Switec in New Zealand over a four-year period by the Sauber F1 teams ex-chief engineer Ernest Schlaepfer.

The end result looks like something Darth Vader might use on a track day. Its performance will surely not disappoint anyone either. It has a twin-turbo, 3.6-liter, boxer six-cylinder engine which produces 580 hp. That power is translated onto the road via a 5-speed, H-pattern gearbox. Couple that with the car’s 1,830 lb weight, and this is one rapid means of transportation.

Incredibly, this car is street legal (or at least it is in Europe). Then again, if you can afford a used car worth $573,200 then we’re pretty sure you can afford a condo in Europe so you can go play with your new toy.

GALLERY: Switec Porsche 962C

Switec Porsche 962 04.jpgSwitec Porsche 962 02.jpgSwitec Porsche 962 06.jpgSwitec Porsche 962 05.jpgSwitec Porsche 962 03.jpgSwitec Porsche 962 01.jpg

[Source: Pistonheads]

Breaking: BMW Pulls Out of Formula One

BMW-Sauber team will ride out 2009 season but will not return for 2010.

 |  Jul 29 2009, 9:18 AM

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BMW will not return to Formula One after the 2009 season, the company said yesterday in a press release. After watching the BMW-powered Williams cars flounder, BMW decided to buy a majority stake in the team in 2005, (re-naming it BMW-Sauber), in the hopes that under strict corporate control it could be victorious. That would not be and BMW’s lack of success, particularly this year where it has just 8 points in 10 races and sits eighth overall, was a significant factor in the withdrawal.

The other major factors include the massive costs incurred in running an F1 team as well as what BMW says is a new corporate strategy.

“Resources freed up as a result are to be dedicated to the development of new drive technologies and projects in the field of sustainability,” read the statement.

Team boss Mario Theissen said BMW is now looking for a buyer for its team. With BMW done, it leaves just four manufacturers competing in motorsports’ top tier championship: Ferrari, Renault, Toyota and McLaren/Mercedes. Three other manufacturers are expected to join F1 next year.

BMW’s decision comes several months after Honda pulled from Formula One in December.

[Source: Automotive News]