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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.

Concorso Ferrari puts on a show in Pasadena

WITH VIDEO -- Most people have seen the Old Town section of Colorado Boulevard in Pasadena, Calif., once a year--during the Rose Bowl parade. Well, finally, there's a new and good reason to interrupt traffic on Colorado: Concorso Ferrari. It's a splendid gathering of beautiful Ferraris for which the city closes down two whole blocks of the busy thoroughfare for anyone who wants to ogle the hundreds of Italian works of wheeled art parked there for the day.

Interior Motives Design Awards 2012

At a glamorous awards ceremony at the Espace Clacquesin in Paris earlier this evening, the world's top designers and automotive journalists gathered together to watch sponsors Peugeot and Volkswagen reveal the 2012 Interior Motives Student Design of the Year: ‘Autopool' by Siavash Jafari Jozani and Mina Kasirifar from the University of Tehran. At the end of what was a memorable event, the two Iranian students walked away with one of the most prestigious accolades in the automotive design industry and a cash prize of $5,000. Launched earlier this year and themed ‘What Comes Next?