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Nurburgring sold to German parts maker Capricorn Group for £83.5 million

The 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.

Dodge Hornet is go

By Tim Pollard Motor Industry 04 July 2007 12:30 The newly independent Chrysler Group has saved its deal with Chinese maker Chery - which means that the Dodge Hornet is a step closer to production. Dodge needs a partner with which to develop new smaller cars, like the Hornet, as it's too cash-strapped to fund them solo. The deal signed last night means that the two car makers will 'work together to develop, manufacture and distribute Chery-made small and sub-compact cars in North America, Europe and other major automotive markets under the Chrsyler Group brands.' No mention was made of the Hornet, but Chyrsler’s international director for sales and marketing, has previously told CAR Online that the firm would produce the butch supermini.

1984 Ford Mustang SVO: American metal, European performance

If the 1978 Ford Mustang King Cobra II isn't quite your thing, why not give the 1984 Ford Mustang SVO a try? In the Jan. 3, 1983, issue of Autoweek, we previewed a different take on the pony car -- one that promised "visual subtlety with unsubtle performance." Built on the Fox platform, the Mustang SVO (for "Special Vehicle Operations") wasn't supposed to be a flashy package for the wannabe racer -- it was designed from the ground up to be a balanced road car, "a state-of-the-art performance vehicle for the absolutely no-compromises performance buyer." And when we say "ground up," we mean it.