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Nürburgring sold for £83m to German auto tech group (2014)
Wed, 12 Mar 2014By Ollie Kew Motor Industry 12 March 2014 11:00 The Nürburgring racetrack in Germany has been sold to German automotive and aerospace technology conglomerate, Capricorn Group, for a figure in excess of €100m (£83m), it has been announced. The Capricorn bid narrowly beat a rival offer from HIG Europe by virtue of its ‘higher purchase price and good prospects for the region’. For now, it’s business as usual.
Hyundai i20 to go WRC Rallying
Thu, 27 Sep 2012Hyundai has confirmed it’s going rallying with an i20 heading for the WRC sporting around 300bhp and 4WD. Hyundai has announced that it is going to compete in the FIA World Rally Championships with a car based on the three-door i20. Hyundai hasn’t been rallying since it withdrew from motorsport in 2003, but the arrival of more convincing models – and growing sporty pretensions in the Hyundai range – make a rally glow a sensible move for the Korean firm.
Show Review: Concorso d'Eleganza Villa d'Este 2013
Tue, 04 Jun 2013Firmly among the top three classic car events in the world – arguably alongside UK's Goodwood Festival of Speed and USA's Pebble Beach – Italy's Villa d'Este is perhaps the most design-led of the three and took place again on the beautiful shores of Lake Como last weekend (24-26 May). Less is more at Villa d'Este, with only 49 classics up for the coveted ‘Best of show' prize and another seven modern concepts vying for a separate award. It's all about quality not quantity.