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Nurburgring sold to German parts maker Capricorn Group for £83.5 million

The Nurburgring has been saved from bankruptcy The Nurburgring complex in Germany – home to many a car makers test centre and beloved of wannabe racers – has been saved from bankruptcy with an £83.5 million deal. German parts maker Capricorn Group have stumped up over £83.5 million to buy the Nurburgring complex which includes the famous 13 mile North Loop Track as well as the Grand Prix Circuit and have committed to spending and additional £21 million to further develop and improve the site. The Nurburgring track fell in to bankruptcy back in 2012, and it looked for a while as if the whole thing could be closed down, but bids from Capricorn Group and one other have saved the day, with Capricorn winning out with the bigger bid.

Ford to upgrade, extend warranty on MyFord touchscreen system

Ford Motor Co. will upgrade and extend the warranty by two years on its MyFord Touch system following a series of consumer complaints and poor reviews of the automaker's touchscreen entertainment and navigation system. Ford has improved the voice recognition capability and navigation in what it calls "version 3.5" of the software, Mark Fields, Ford's head of the Americas, said on Wednesday.

Toyota shelves A-BAT pickup concept

Toyota won't build the small, ultramodern A-BAT hybrid pickup concept that was a head-turner at the 2008 Detroit auto show and looked like a good bet for production. "We have a lot of top priorities, and A-BAT is not one of them right now," Bob Carter, Toyota Division's general manager, told the Web site PickupTrucks.com. "It's on the shelf." A Toyota official confirmed Carter's comments.