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Lotus to unveil new clothing line
Mon, 24 Jan 2011Lotus will launch its Lotus Originals brand of outerwear, knitwear and leather goods on Feb. 23 during London's fashion week, the automaker said on Monday. The new line will include cashmere sweaters and hand-stitched leather jackets inspired by 1970s driver suits.
Yo-Auto Yo-Concept
Thu, 01 Sep 2011Yo-Auto, a new Russian car manufacturer, is due to reveal its Yo-Concept at the 2011 Frankfurt motor show. The company is taking pre-orders for its range of hybrid vehicles, anticipated for release in 2012, which consists of a coupe, hatchback and a truck. Although it has been confirmed that the car will not make the jump to production, it is understood that Yo-Auto hopes the vehicle will lead the way in the future of car design.
Nurburgring sold to German parts maker Capricorn Group for £83.5 million
Thu, 13 Mar 2014The 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.