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Nürburgring sold for £83m to German auto tech group (2014)

By 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.

New Hyundai i30 Coupe previewed by US 2013 Elantra Coupe

The Hyundai Elantra Coupe will turn in to the Hyundai i30 Coupe in the UK & Europe The reveal of the 2013 3-door Hyundai Elantra Coupe at the Chicago Motor Show signals the new Hyundai i30 Coupe for the UK & Europe. Hyundai has just started marketing for the 2012 i30 with a slick commercial aimed at taking on the might of VW’s Golf and Ford’s Focus – with every chance of serious success. But the five-door i30 Coupe isn’t the end of the new i30 story – just the beginning.

Henrik Fisker leaves his eponymous company

Henrik Fisker, co-founder of Fisker Automotive, has resigned from the company as Fisker seeks funding to move forward. But Henrik Fisker managed to convince the car world his Fisker Karma was credible, even if its gestation has been plagued by problems,  the latest of which has been the demise of its battery supplier – A123 Systems – and the wrecking of a dock full of seemingly uninsured Karmas by Hurricane Sandy. The current problems at Fisker has seen them seeking a new investor, with two Chinese companies – Geely and Dohnfeng – vying to take a majority stake in Fisker Automotive and help Fisker recover sales of the Karma and move on with Project Nina, the smaller Fisker Atlantic.