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Nurburgring sold to German parts maker Capricorn Group for £83.5 million

The Nurburgring has been saved from bankruptcy The Nurburgring complex in Germany – home to many a car makers test centre and beloved of wannabe racers – has been saved from bankruptcy with an £83.5 million deal. German parts maker Capricorn Group have stumped up over £83.5 million to buy the Nurburgring complex which includes the famous 13 mile North Loop Track as well as the Grand Prix Circuit and have committed to spending and additional £21 million to further develop and improve the site. The Nurburgring track fell in to bankruptcy back in 2012, and it looked for a while as if the whole thing could be closed down, but bids from Capricorn Group and one other have saved the day, with Capricorn winning out with the bigger bid.

White House pushes automakers toward 54.5-mpg target by 2025

The White House is pushing automakers to agree by Wednesday to a corporate average fuel economy target of 54.5 mpg by 2025--a figure 1.7 mpg less than the 56.2 mpg standard it floated earlier this month. The easing of the White House plan stems from a concession to makers of light trucks and SUVs, and particularly larger vehicles in that segment, such as Ford's F-150, sources said. The latest White House proposal, the most definitive of any it has put forth, calls for a 5 percent annual mileage increase for cars from 2017-2025, said industry and congressional officials who asked not to be named because their discussions with the White House are confidential.

BMW M550d, X5 M50d & X6 M50d Official

BMW M550d - it's official As expected, the BMW M550d, BMW X5 M50d and BMW X6 M50d have been revealed as the first models in the new BMW M Division range. After speculation going back a couple of years, BMW has finally revealed a triumvirate of mighty diesel-powered M Division cars, with the unveiling of the M550d, X5 M50d and X6 M50d, all of which will debut officially at Geneva 2012 before going on sale later this year. First to arrive will be the X5 M50d and X6 M50d in the summer, with the M550d Saloon and M550d Estate probably not hitting the UK until close to the end of the year, but the UK won’t be getting the M550d xDrive – our cars will be RWD.