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McLaren F1 poaches Jost Capito from VW WRC

The executive shuffle continues at the McLaren Formula 1 team with news that Ron Dennis has lured Jost Capito away from his position as head of Volkswagen Motorsport. Capito will become the CEO of McLaren Racing, replacing Jonathan Neale who took the position on an interim basis at the beginning of 2014 to replace Martin Whitmarsh. Whitmarsh, who had been with McLaren for 24 years and spent five of them as F1 team principal, left the company after being moved out of the CEO position. Neale, on the other hand, who has been with McLaren Racing since 2001, is moving over to the newly created position of COO of the McLaren Technology Group. Capito left the Ford SVT division in 2012 to run VW Motorsport, and has spent the past three years shepherding the brand's World Rally Championship to three consecutive driver's and manufacturer's titles. Before that, his lengthy racing resume includes developing high-performance BMW engines, winning the Dakar Rally as a co-pilot, executive positions with Sauber in the early nineties, and managing Ford's WRC team. Dennis, who first approached Capito last summer, called him, "extremely impressive, competitive, and ambitious." The Woking team has some great parts, but it hasn't been able to make the most of them comprehensively since the end 2012 season. Autosport says that Capito has the ability to make the best pieces work together, which will probably be his biggest challenge at McLaren. Capito will remain at VW until a successor is found. News Source: The GuardianImage Credit: AP Photo/Lionel Cironneau Motorsports McLaren Volkswagen Racing Vehicles F1 jost capito

McLaren reinstates Ron Dennis as CEO

With new versions of the 12C coming out all the time, the new P1 still wowing crowds and additional projects underway, sports car fanatics might surmise that McLaren is doing pretty well for itself these days. But Formula One fans would likely disagree. After losing its longtime prodigy Lewis Hamilton to its longtime partner, Mercedes, McLaren failed to land on the podium (let alone win an actual grand prix) even once last season. In fact, the last time McLaren – one of the most historically successful teams on the grid – won the F1 World Championship was back in 2008, when Ron Dennis was still calling the shots. Little wonder, then, that the board of the McLaren Group has seen it fit to reinstate Dennis as chief executive officer. Ron Dennis is the man rightfully and widely credited with turning McLaren into the powerhouse it is today. He came to the team in 1980 at the end of a three-year dry spell in which it had not won a single grand prix. The following season, it was already winning races again, and by 1984, it was winning World Championships again: seven Constructors' Championships and ten Drivers' Championships with pilots like Lauda, Prost, Senna, Hakkinen and Hamilton. All in all, the team was never as successful as it was under the leadership of Ron Dennis, but in 2009, he stepped aside as team principal to focus on expanding the group's business, leaving Martin Whitmarsh to assume the title of CEO. But while the carmaking division has grown under Dennis' watchful eye, the F1 team has floundered under Whitmarsh's direction. So the board has reinstated Dennis as CEO of the entire group. This isn't the first time McLaren has faced difficulties with (and had to replace) one of Dennis' lieutenants. Last year, McLaren Automotive's managing director Antony Sheriff was placed on extended leave, his duties ultimately effectively reassigned to Mike Flewitt, who was promoted from chief operating officer to chief executive officer of the carmaking unit this past summer. Just what that this new appointment will mean for Whitmarsh in his role as F1 team principal remains to be seen, but Dennis says he is gearing up "to write an exciting new chapter in the story of McLaren, beginning by improving our on-track and off-track performance." He'll have a new strategy outlined for the group next month, but in the meantime, you can read the official announcement below.

Top tier supercars go for top dollar at RM Sotheby's Pinnacle Portfolio auction

Ferraris continue to rake in money during classic car auctions, and the sale of RM Sotheby's Pinnacle Portfolio collection during Monterey Car Week is only further proof of that. The Prancing Horse grabbed four of the top five spots among the 25 vehicles crossing the block. The leader among them was a 1964 Ferrari 250 LM with an extensive racing history that went for $17.6 million, according to the company's unofficial numbers sent to Autoblog. The only vehicle to keep Ferrari from locking out the top five was a 1998 McLaren F1 LM-Specification that went for $13.75 million. It's claim to fame included being the second-to-last road version of these famous supercars built. Plus, the coupe is only one of two with the LM spec package, which included the 680-horsepower racing version of the V12. Showing more modern Ferraris are also appreciating, a 2005 Enzo went for $6.05 million, taking third place. This example was the last one ever made and was originally gifted by the company to Pope John Paul II. However, he had the car sold for charity. Similarly special, fourth went to a 1994 F40 LM racecar for $3.3 million. Finally, a 1967 275 GTB/4 rounded out the top five also at $3.3 million. Amazingly, the vehicles in the Pinnacle Portfolio came from just one person who the company only identified as a "private US-based gentleman collector." Check out the gallery to see all 25 rolling across the block, including a Toyota 2000GT, Porsche 959, and Jaguar XJ220.