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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.

Porsche says Panamera avoids gas-guzzler tax

Few expenses were spared in conceiving the Porsche Panamera, but consumers will avoid at least one cost of ownership: the ignominious gas-guzzler tax. Porsche has announced ratings for the 2010 sedan; it will get a combined figure of 18 mpg or 19 mpg from the EPA, depending on the model. This means Porsche’s four-door foray will avoid a fairly substantial cost of ownership--a tax of up to $7,700 is levied on the most prolific guzzlers.

Murray Walker 'astounded' by reunion with father's racing motorbike

VETERAN broadcaster and motorsports commentator Murray Walker was for once left speechless after he was reunited with one of his father’s old Rudge racing motorbikes. During a Royal Automobile Club dinner, where he was a guest of honour, the 90-year-old ‘voice of Formula 1’ was overwhelmed by a surprise unveiling of a group of classic racers that had been assembled by the Club on his behalf. Ever-fewer people remember that Graham Walker, Murray’s father, was a hugely successful motorbike racer with brands including Rudge.