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Troubled Nurburgring race track finds buyer
Fri, 07 Mar 2014Rex 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.
2013 Rolls Royce Ghost updates
Tue, 30 Oct 2012Three years on from the launch of a Rolls Royce for owner drivers – the RR Ghost – Rolls Royce has made some updates for 2013. Believe it or not, it’s three years since the Rolls Royce Ghost arrived at the 2009 Frankfurt Motor Show as a more ‘Sporty’ take on the RR ethos and aimed at owner-drivers; the sort of chap who’s outgrown big Mercedes and BMW but still likes to drive. Three years on from launch, we’re still waiting for RR to deliver a Ghost Coupe (perhaps the Corniche?) and a Ghost DHC, so when we saw an email from Rolls Royce with 2013 updates we got quite excited.
BBC 5 LIVE INVESTIGATES OUTSTANDING FINANCE ON USED CARS
Thu, 10 Oct 2013BBC 5 Live Investigates has reported that unwitting used car buyers are being chased for large sums of money, owed on loans taken out by previous owners. Leading vehicle information expert HPI has warned consumers to be vigilant on the risks of finance fraud and get protection with the HPI Check. The report suggested that car owners raising finance with logbook loans secured on their vehicles are selling the vehicles before settling their accounts, which is leaving buyers at risk of losing their cash - and the car.