Saab 95 Attaching Rail (lh) 5495049 - Saab on 2040-parts.com

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.

General Motors CEO Rick Wagoner to quit, reports say

General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said. A senior Obama administration official told NBC's John Yang that Wagoner, 56, was asked to step down by the White House. The automaker, which has lost about $82 billion since 2004, awaits word Monday from President Obama on a request for as much as $16.6 billion in additional U.S.

Peugeot RCZ R UK price from £31,995

The new Peugeot RCZ R (pictured) will cost £31,995 in the UK The Peugeot RCZ is an appealing little sports coupe from Peugeot which, with a different badge and greater performance, might garner more kudos than it does. There’s little Peugeot can do about the badge, but they have done something about the power on offer with the arrival of the RCZ R at the Goodwood Festival of Speed this summer. Now, the Peugeot RCZ is about to go on sale in the UK – order books open on 18th November – and it will cost a not unreasonable £31,995.