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Troubled Nurburgring race track finds buyer

Rex 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.

Qoros reveals design language ahead of Geneva debut

New car manufacturer Qoros' future design language has been revealed ahead of the world debut of its new sedan for China and Europe at the Geneva motor show in March. The brand's first production car will be showcased alongside two concept cars that will preview the future design direction of Qoros' range. The company was created in 2007 by a 50:50 joint venture between Chery Automobile and Israel Corporation, allowing the Qoros designers the chance to create a new design language from scratch.

Honda CR-Z, Fit joining hybrid lineup next year

Honda is growing its hybrid lineup with the addition of the CR-Z coupe and a hybrid version of the Fit. The Japanese automaker on Monday said that the sporty CR-Z, which has been shown as a concept, will go on sale in Japan next February. The hybrid Fit is to hit the Japan market before the end of next year.