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Porsche 911 buyers flock to rare 24-month leases

Porsche is pushing 24-month leases for its 911 and is running a six-month lease pull-ahead incentive on all of its sports cars to offset a shortage of low-mileage used cars. This year, 22 percent of all 911 lessees have taken 24-month contracts rather than 36-month deals, says Michael Bartsch, COO of Porsche Cars North America. That compares with 10 percent before the push.

Ford Mustang unveiled at LA Auto Show

By Ben Pulman Motor Shows 19 November 2008 15:50 This is Ford’s facelifted Mustang, or as it’s known Stateside, the 2010 Mustang. Unveiled today at the LA Auto Show, it’s a significantly revised version of today’s car with more V8 power, sharper looks, and still that live rear axle. Even the badge is redesigned on the new ‘Stang.

Troubled Nurburgring race track finds buyer

Rex The legendary Nurburgring race track in Germany is set to be bought out by a consortium led by private investment group HIG capital, it emerged on Friday. The circuit has been burdened with enormous debts, went into administration in 2012, and has been looking for a new owner since last spring. HIG’s move will hopefully allay fears of car enthusiasts around the world, who visit the historic 13-mile track in droves to test the limits of both their car’s handling and their own skill.