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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.

East meets West at NDE

Nissan opened the doors to its European design studios late last month, part of the Japanese automaker's first ever participation in the London Design Festival events in London, UK. Showcasing the works of 20 designers under the theme of 'East meets West: the cultural crossroads of creativity', the exhibition also included a ‘Pecha Kucha' event with presentations from a further six influential designers. Held in Nissan Design Europe's ground floor conference rooms, the exhibition presented pieces from artists and designers around the world working across various disciplines, including photography, Fine Arts, textiles, product design, fashion and ceramics.

Toyota will push safety in ad blitz

Its image still bruised by driver complaints about unintended acceleration, Toyota Division has decided to revamp its marketing message and shift the focus to safety in a big way, top executives said last week. Toyota Motor Sales U.S.A.'s sales fell 34 percent in August and are down 1 percent for the year--it's the only major manufacturer with a decline for 2010. Executives admit consumers have doubts about the safety and quality of Toyota vehicles, so they are planning an advertising blitz to counter that perception.