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Goodwood Festival of Speed video and gallery

By Sarah-Jayne Harrison Motor Shows 07 July 2009 11:00 We've published our main Goodwood Festival of Speed 2009 blogs and galleries here – but we've come back with so many more snapshots and handycam video clips that we've pulled them altogether on this page. So here's a rag-bag mixture of amateur handiwork from our team of roving reporters. It's a rough 'n' ready assortment of photos and videos and will hopefully share some of the high-octane feel and noise at the Goodwood Festival of Speed.Click through our gallery to the right and scroll to the foot of the page for the video clips of cars piling up Lord March's front driveway in front of 130,000 enthusiasts.

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.

GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.