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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.

Schreyer: More than a designer of products I wish to be an architect of Hyundai's brand image

There's no denying Peter Schreyer has been instrumental in turning around Kia's image from a manufacturer of wheeled white goods in a creator of design-led products. Now his attention turns to sister company Hyundai in his role as chief design officer for both companies and his plans are no less ambitious. "More than a designer of products I wish to be an architect of Hyundai's brand image," he told an audience at Hyundai's European headquarters, explaining how his job is not simply 'styling' but communicating the brand's message right down to details such as the seatbelt warning buzzer.

Redesigned Ford Mustang scores high mpg for V8

Completing the fuel-economy story for the redesigned 2011 Mustang, Ford said on Tuesday that the V8-powered pony car is rated at 26 mpg on the highway and 17 mpg in city driving. That compares with a 16 mpg/24 mpg city/highway rating for the 2010 Mustang. The highway rating was achieved with the six-speed manual transmission.