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Bristol Cars collapses into administration (2011)

Bristol Cars has collapsed into administration, it emerged overnight. The curio car maker from Bristol just couldn't make ends meet as sales dried up and the company's directors were forced to call in the administrators when it couldn't afford to keep the business alive. Recovery specialists RSM Tenon are handling the administration and hope to find a buyer for Bristol as a going concern.

VW to announce Italdesign takeover on Tuesday

Volkswagen will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe. The Giugiaro family will retain 10 percent in the Italian design house that is famous for styling cars such as the first-generation VW Golf. VW plans to acquire control of Italdesign to help reach its goal of becoming the world's largest automaker by 2018 with sales of 10 million vehicles a year.

Hexatech F1-spec driving simulator goes on sale

If you’re serious about your gaming – and we mean very serious indeed – then Dutch simulator firm Cruden has just unveiled the last word in driving simulators. The Hexatech is a six-strut hydraulic set-up that’s normally only sold to F1, WRC and NASCAR teams. But it has now decided to unleash it on the public – you just need to find the £120,000 asking price.