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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.

Saab enters Court Protection – just as we predicted

Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.

Minicars perform poorly in crash tests, study says

Minicars made by Toyota, Honda and Daimler AG did poorly on frontal crash tests with mid-sized automobiles, prompting an influential safety organization to suggest consumers consider buying larger cars that have comparable fuel economy. The Toyota Yaris, Honda Fit and Smart ForTwo all collapsed upon impact into the space around the driver dummy, according to the study released today by the Insurance Institute for Highway Safety. Drivers in all three vehicles faced high risk of head and leg injuries after test collisions at 40 miles an hour, even after airbags inflated, said the non-profit group funded by auto insurers.