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Williams owners Frank Williams and Patrick Head announced Friday that they have sold a minority interest in the team to an investment company led by Austrian Toto Wolff, who also joins the Williams board of directors.

Wolff, a 37-year-old venture capitalist from Vienna, is a keen racer and motorsport enthusiast. His driving CV includes a wide range of...

Toro Rosso’s Sebastien Buemi and seven-time Formula One world champion Michael Schumacher are among more than 300 drivers competing at the SKUSA Supernationals karting event in Las Vegas, USA, this weekend.

Buemi and Schumacher are entered in the Super Pro KZ2 class, the Swiss driver with Intrepid, the German with the Tony Kart Racing Team. They will...