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Nürburgring sold for £83m to German auto tech group (2014)

By Ollie Kew Motor Industry 12 March 2014 11:00 The Nürburgring racetrack in Germany has been sold to German automotive and aerospace technology conglomerate, Capricorn Group, for a figure in excess of €100m (£83m), it has been announced. The Capricorn bid narrowly beat a rival offer from HIG Europe by virtue of its ‘higher purchase price and good prospects for the region’. For now, it’s business as usual.

1993 Jaguar XJ220 heads for Scottsdale auction

Come Jan. 19-23, 2011, a 1993 Jaguar XJ220 will be available at the Russo and Steele Collector Automobile Auction in Scottsdale, Ariz. Produced by Jaguar in collaboration with Tom Walkinshaw Racing from1992 to 1994, the XJ220 can achieve 217 mph and run from 0 to 60 mph in 3.8 seconds.

Kia launches Cadenza as replacement for Amanti sedan, hits North America in 2011

Kia is replacing its Amanti large sedan with a new model called the Cadenza, which was unveiled today in South Korea. It goes on sale there this year and in North America in 2011. The five-seat Cadenza is shorter than the Amanti but has a longer wheelbase delivering more interior space, Kia said in a release.