Luxury Yacht Sinking off Miami Beach

A multimillion-dollar luxury yacht, Tecnomar for Lamborghini, started sinking off the coast of Miami Beach, leaving 32 passengers stranded. All passengers were rescued with no injuries. The incident occurred during Formula One's Miami Grand Prix weekend.

Luxury Watches Auction of Michael Schumacher

Eight luxury watches belonging to auto racing icon Michael Schumacher were sold at a Geneva auction for nearly 4 million Swiss francs. The top piece was a watch given to Schumacher by former Ferrari CEO Jean Todt as a Christmas present in 2004.

Controversy in Formula One Academy Race

Mercedes driver Doriane Pin faced controversy in Formula One Academy race in Saudi Arabia after receiving a penalty for not realizing the race was over, dropping from first to ninth place.