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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.

Toyota halts Lexus GX460 sales worldwide

The 2010 Lexus GX460. Sales have been halted due to safety concerns 2010 is turning in to Toyota’s ‘Annus Horribilis’. Its formerly untouchable reputation for producing bullet-proof cars has been severely damaged by the ‘ThottleGate’ problems, with more damage to Toyota’s reputation being caused by their failure to address a problem they seemed to be all too aware of, rather than the problem itself causing the damage.

Steve Mattin appointed Design Director at Volvo Cars

 Volvo Car Corporation has appointed British designer Steve Mattin as Vice President and Design Director, who joins the company on 1 May following a long career at DaimlerChrysler, where he is currently Senior Design Manager with several major design projects under his responsibility. Steve Mattin is well respected in the automotive design community, and has a real passion for premium cars, which he has proved during his 17 years at DaimlerChrysler. Steve will report to Volvo Cars President and CEO, Hans-Olov Olsson as well as J Mays, group vice president of Design and Chief Creative Officer of Ford Motor Company.