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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.

McLaren MP4-12C to cost £168,500

McLaren will charge £168,500 for the MP4-12C supercar in the UK. That's the new 2011 price, including the rise in VAT from 17.5% to 20% from 1 January. Today's news means that the MP4-12C will cost £1000 less than a Ferrari 458 Italia, its arch rival, at existing tax rates.

Kia teases Chicago-bound Cross GT concept

Kia has revealed a sneek peek of its Cross GT Concept ahead of its unveiling at the Chicago auto show. The carmaker has said that the Cross GT Concept "hints at the future of Kia's design language in the form of a premium Crossover Utility Vehicle (CUV) that is larger than the new 2014 Sorento." Although the render provides only a limited view, the front end features slim, swept back lamps that flank Kia's signature grille. A jutting chin and coupe-esque roofline add the requisite crossover mashup elements.